A general view of Cosmic Girl, a converted Boeing 747 carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Newquay Airport on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise funds from Texas-based investor Matthew Brown, two … Read more
The Fed should raise its key rate. Google launches its AI product Bard for testing. Nike sees momentum in China after Covid-induced crisis. Here are the most important information investors need to start their trading day: Decision day has arrived. Will the Federal Reserve raise its benchmark rate by another quarter point, as has long … Read more
Cryptocurrency companies are scrambling to find institutions to do business with after the collapse of Signature Bank and Silvergate Capital. These companies have turned to crypto-friendly Swiss banks, inundating them with requests for banking services, according to several industry insiders who spoke to CNBC. Part of the reason companies seek out Swiss banks is the … Read more
Candida auris is a yeast responsible for many infections. Resistant to most antifungal drugs, this fungus causes several deaths around the world. BSIP | Universal Image Group | Getty Images An often drug-resistant fungus has spread at an “alarming rate” in healthcare settings across the United States, according to the Centers for Disease Control and … Read more
The turmoil unleashed by the Silicon Valley Bank collapse demolished much of what the Federal Reserve, political leaders and investors thought they had learned from the 2007-09 global financial crisis. They assumed that complex securities, too-big-to-fail banks, and obscure, poorly regulated lenders were the weak links in the system. Instead, the weak links were its … Read more
A vehicle charges a Tesla booster station in Corte Madera, California, U.S., Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest leaps in pre-market commerce: Tesla – The electric vehicle maker rose 2% after Moody’s gave it a Baa3 rating and scrapped its junk rated … Read more
It’s not just regional bank stocks that have been hit by the recent banking crisis – large-cap bank stocks have also fallen. But some analysts believe the drop is overdone and retail investors flocked to buy the drop in the biggest traditional US banks last week. Still, there may be more room to run. JPMorgan … Read more
People inside JP Morgan Chase offices in New York. Getty Images A federal judge in New York ruled on Monday that U.S. Virgin Islands and women who accuse late investor Jeffrey Epstein of sexual abuse can sue claiming JPMorgan Chase knowingly benefited from his participation in the sex trafficking program of Epstein. The judge also … Read more
Andy Jassy, CEO of Amazon.Com Inc., at the GeekWire Summit in Seattle, Washington, USA on Tuesday, October 5, 2021. david ryder | Bloomberg | Getty Images Amazon will lay off 9,000 more employees in the coming weeks, CEO Andy Jassy said in a memo to staff on Monday. The cuts come on top of previously … Read more
The global automotive industry is in transition as consumers increasingly shun internal combustion engine vehicles for electric vehicles. That means electric vehicles are grabbing a bigger share of the global car market, according to French investment bank Societe Generale, with a third of cars sold in China now electric. The “sharp acceleration” in EV adoption … Read more
