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Terran Orbital Corp.’s stock lost more than a third of its value Thursday after the specialist in robotic manufacturing of space satellites agreed to be acquired by Lockheed Martin Corp. at one-quarter of an earlier offer for the company.

Builder sentiment fell as mortgage rates and home prices stay elevated, the National Association of Home Builders said.

Managers at Third Point and Soros Fund Management likely saw success with recent bets on Apple.

“I live off a modest pension and Social Security. I love my house, but it needs upgrading.”

Manufacturing has struggled with the high interest rates over the past year. Economists at Wells Fargo said the anticipated start of Fed easing in September should provide some breathing room for the sector but a full recovery ”remains some ways off.”

The chief of the St. Louis Federal Reserve said “the time may be nearing” for the central bank to cut U.S. interest rates in response to slowing inflation.

“My spousal benefit under his record would be substantially more than applying under my own.”

Sales at U.S. retailers posted the biggest increase in July in a year and a half, but most of the gain was tied to a rebound in auto sales after dealers recovered from a nationwide cyberattack.

Faraday Future Intelligent Electric Inc. shares are down 15.8% in premarket trades after the electric vehicle startup announced a reverse stock split.

Claims fall to 227,000 vs. 235,000 estimate

Index improves slightly to negative 4.7, above forecast

Parent of Coach, Kate Spade and Stuart Weitzman brands says its results beat its prediction