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Musk likely to face tough questions during SpaceX’s first earnings call as a public company

NEW YORK (AP) — Investors in Elon Musk's space company get a chance to question him Tuesday after SpaceX issues its first quarterly earnings since going public. SpaceX shares are down by half from their June peak as investors worry Musk may have oversold them on its future prospects. They're also bracing for volatile trading as some company insiders get the opportunity to sell shares after the expiration of what's known as a lockup provision later in the week. The shares jumped 19% on their first day of trading, making Musk the first-ever trillionaire. The subsequent drop in ...

Malls, once symbols of American consumer culture, are splitting. Some are dying as others thrive

LIVINGSTON, N.J. (AP) — I wasn't a mall rat. Growing up in the 1970s, I didn't hang out much with my friends at my local mall in New Jersey. The Livingston Mall, which opened in 1972 with stores including Bamberger's, Sears and Hahne & Co., may have been a bustling social scene for my peers. But my mother's trips to the mall were mission-driven: to buy me clothes she called "classic" — loafers and plaid dresses. I called them nerdy. So forget about the era's hottest fads: leather platform wedge sandals, Candie's slide sandals and Puma sneakers. One hot trend my mom let me have? ...

A Fair Tradition Worth Celebrating

The United States has many celebrations and occasions that reaffirm our love of family and country. Those days center around birthdays, weddings, Christmas, Thanksgiving, Easter and other similar holidays. My personal favorite day of the year is the Fourth of July because it symbolizes everything good about America and allows us to enjoy all those other days. I want to introduce you to my second favorite day of the year, the 4-H auction at the U.P. State Fair. Every year on Saturday of fair week the 4-H auction is conducted in the show arena next to the beef barn. Kids from all over ...

US bans foreign-made humanoid robots, targeting China over national security

HONG KONG (AP) — The U.S. Federal Communications Commission is banning imports of new foreign-made humanoid robots and power inverters, citing national security risks, in a move that targets China. Beijing quickly accused the U.S. of protectionism. The measures are likely to test relations with Beijing ahead of a planned U.S. visit by Chinese leader Xi Jinping to meet with U.S. President Donald Trump in September. China dominates the global market for humanoid robots with an estimated market share of roughly 85%. The FCC's ban also includes new imports of quadruped robots, often ...

Race-Driven introduces Can-Am

Editor’s note: The Daily Press has brought readers business profile articles every Monday for over three years. This week’s article shares an update about on a company profiled previously as well as a summary of its history. ESCANABA — Race-Driven Powersports, which has occupied a ...

First Bank IMG promotes DeHaan to AVP

ESCANABA - First Bank Upper Michigan recently announced the promotion of Alex DeHaan to assistant vice president (AVP) and trust officer within the Investment Management Group, which offers a variety of investment services for local clients. DeHaan's promotion follows nearly nine years of ...