One important thing that investment banks do is lend money to hedge funds to buy stocks. This is risky: If the stocks go down, the hedge fund might not repay the loans, and then the bank might lose money.
Nikola Corp. founder and former chairman Trevor Milton has been charged by prosecutors with making false statements to investors in the electric-vehicle startup. The charges follow a difficult year for the company, which went public last year and almost ...
In various corners of the internet, one of the year's most closely watched IPOs inspired love, hate, skepticism and — of course — memes before the stock's debut on the Nasdaq under the ticker HOOD. As trading began, shares sunk below the $38 IPO price.
In 2020, Intel was forced to admit that it would be severely delaying its 7nm node, recently rebranded as Intel 4. This precipitated an exodus of leadership and the admission that Intel might have to face the unthinkable and outsource its own manufacturing.
A handful of the country's most influential tech companies are responding to rising Covid-19 cases by delaying return-to-office plans, mandating employees get the vaccine and shutting down offices altogether. A Twitter spokesperson tells CNBC Make It that ...
With $1.7 trillion of student loans spread across 45 million borrowers, Walmart — the largest private employer in the U.S. — will now help its associates pay for college without the burden of student loan debt. Here are the details:.
Small business owners that received taxpayer-subsidized Paycheck Protection Program loans of $150,000 or less will be able to seek forgiveness directly with the government through an online portal starting Aug. 4, allowing them to sidestep the private ...
The new digital asset fund administration tools for private fund clients will be offered in partnership with crypto data services firm Lukka. State Street will utilize Lukka reference data and Lukka prime pricing data, in addition to middle ...
While that would amount to a record fast pace, the urgency is rising for a fully approved vaccine given the troubling surge in Covid cases sweeping the country. An FDA official told CNN on Wednesday that the agency continues to work as fast as possible to ...
Nearly half (47%) of investors mistakenly think the cost of investments like mutual funds and exchange traded funds generally are included in the fee they pay to their advisor or online investing platform, a study from State Street Global Advisors shows. Among ...
Blue Origin's New Shepard crew member Oliver Daemen, speaks during a press conference after flying into space in the Blue Origin New Shepard rocket on July 20, 2021 in Van Horn, Texas. Joe Raedle ...
Bayer AG will set aside an additional $4.5 billion to deal with lawsuits tied to its best-selling Roundup weedkiller, which will be pulled from the U.S. consumer market in its current form in 2023. The provision, taken in the second quarter, comes on top of the ...
Today's column addresses questions about the potential to still take spousal benefits while delaying retirement benefits, how public pensions can affect spousal benefits and possible options when eligible for retirement and divorced spousal benefits.
The U.S. Food and Drug Administration cleared Johnson & Johnson's Covid-19 vaccine manufacturer Emergent BioSolutions Inc. to resume production of the shot after a series of mishaps that led it to halt manufacturing. The Gaithersburg, Maryland-based ...
JPMorgan Chase & Co. tapped Hiscox Ltd.'s Ben Walter to lead the firm's business-banking division, succeeding Jennifer Roberts, who was named head of consumer banking earlier this year. Walter, 47, will join the biggest U.S. bank in October as chief ...
NEW YORK, July 29 (Reuters) - Strong company earnings and solid economic growth data pushed U.S. shares to record highs on Thursday, though the Federal Reserve's message earlier this week that it was in no hurry to taper stimulus pinned the dollar at a ...
Senate Republicans are calling on SEC Chair Gary Gensler to investigate Chinese companies that list shares on U.S. stock exchanges after American investors suffered from a surprise crackdown on the firms by government officials in China. Seven GOP ...
Among the issues holding back production, Vale said, are licensing issues at its Sistema Norte and Mutuca assets in Brazil, as well as temporary restrictions on the disposal of mining waste at its Itabira mine.
"International travel is still in the early stages of recovery and represents additional upside potential," Chief Executive Officer Michael Miebach said. Mastercard saw improved strength in travel between the Unites States and Latin America, ...
T. Rowe Price Group, one of the world's largest fund managers with $1.62 trillion in assets, replaced its chief executive officer after just five years and named a company insider to take over the post. President Rob Sharps will succeed Bill Stromberg, who plans ...
According to the Trefis Machine Learning Engine, which identifies trends in a company's stock price data for the last ten years, returns for BUD stock average close to 3% in the next three-month (63 trading days) period after experiencing a 7% drop over the ...
The stock market had a strong day on Thursday, as investors were generally pleased with the pace of the economic recovery even with some mixed data on gross domestic product and employment. As of 1:30 p.m. EDT, the Nasdaq Composite ...
McDonald's on Thursday announced that its latest celebrity meal partnership will be rapper Saweetie. The 'My Type' rapper's meal will go on sale August 9. The "Saweetie Meal" includes a Big Mac, 4-piece Chicken McNuggets, medium fries, a medium Sprite, ...
Initial jobless claims in regular state programs totaled 400,000 in the week ended July 24, down 24,000 from the prior week, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 385,000 new ...
NEW YORK (Reuters) - The dollar slipped to a one-month low on Thursday, a day after the U.S. Federal Reserve's reassurance that interest rate hikes remain distant helped put the brakes on the U.S. currency, which has been rallying for a month now.
Currently, a single Ethereum transaction consumes as much electricity as an average U.S. household uses in a workweek—and has a carbon footprint equivalent to 140,893 Visa credit card transactions or 10,595 hours of watching YouTube. Those ...
July 29 (Reuters) - Contracts to purchase previously owned U.S. homes declined in June in step with a spike in home prices after rebounding strongly in the prior month. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales ...
Few blockbuster drugs felt the pandemic pinch as acutely as Merck's HPV vaccine Gardasil. With patients delaying doctors visits and prioritizing COVID-19 shots, pharma companies with established vaccines businesses took a ...
The Tokyo Olympics were supposed to be a home run for NBCUniversal, which was counting on the Games not just to provide a windfall of advertising revenue but to serve as a global launchpad for its year-old streaming service Peacock. But after tepid ...
American Airlines Group Inc. agreed to buy a stake in JetSmart Airlines SpA, a privately held, low-cost carrier based in Chile, and establish a partnership that the larger carrier hinted could open the door to additional deals with other discounters operated by ...
Ford Motor Company (NYSE:F) reported second-quarter earnings on Wednesday afternoon that trounced Wall Street's estimates -- and raised its guidance for the full year -- as strong pricing for both new and off-lease vehicles helped offset production ...
By JEFF AMY, Associated Press. ATLANTA (AP) — Two new reactors at Georgia's Plant Vogtle will cost another billion dollars, with shareholders of the parent company of Georgia Power Co. taking a $460 million loss and other owners absorbing the rest.
The Tesla sign is clearly visible from the highway, but one of the world's most advanced automotive manufacturing plants is largely hidden from view. It covers 5 million square feet over 370 acres. Most people never see the plant's size or appreciate its ...
Latham & Watkins currently has handled the most blank check company deals this year for a total of 52, with a combined value of $133.3 billion, according to data from Refinitiv. Weil trails behind in seventh place with 15 transactions valued $81.8 billion.
AstraZeneca said it intends to seek U.S. approval for its COVID-19 vaccine later this year, further delaying the application even as the company announced it had already delivered more than 1 billion doses to other countries. By Associated Press. |. July 29 ...
Uber aims to lower the language barrier between Uber drivers and their patrons, while also giving gig workers new skills for finding other jobs. Angelique Chatman headshot · Angelique ...
Shareholders of the mobile-chip designer were benefiting from a better-than-expected quarterly earnings report the day before, as well as a rosy outlook for the summer quarter as the company said it was mitigating supply issues amid the global chip shortage.
PayPal Holdings Inc. slumped in New York trading after warning EBay Inc. is moving payments off its platform faster than the technology giant originally anticipated. That's hindering revenue, which climbed just 17% to $6.24 billion, missing the $6.27 billion ...
New York (CNN Business) Coffee prices are surging. But that won't make a difference in how much you spend on a cup of joe at Starbucks. Higher input costs have been prompting companies across industries to charge their customers more. Household ...
Prada SpA sales recovered from last year's strict lockdowns as the Italian fashion brand joined luxury peers in reporting higher demand for high-priced goods. First-half revenue soared 66% at constant exchange rates to 1.5 billion euros ($1.78 billion), the ...
Average rates for the 15-year fixed mortgage trended down. While mortgage rates always fluctuate, they're currently at historic lows. If you're looking for a new home, not might be the optimal time to lock in a low, fixed rate.
July 29 (Reuters) - A group of banks and investors overseeing the shift of trillions of dollars to the new benchmark U.S. interest rate SOFR said on Thursday that they are recommending the use of the CME Group's term SOFR rates in a move that should boost ...
Version 7.0 of Couchbase extends existing support for SQL into the realm of applications that were mainly the preserve of relational databases. Now IT teams can process high-performance transactions alongside analytics queries that can run across large ...
Wegmans Food Markets, the popular East Coast grocer with an avid customer base, will open its first Manhattan location in the second half of 2023, the Rochester, N.Y.-based retailer announced Thursday. The site at Astor Place in the East Village — until ...
Concerns about a revenue growth slowdown pushed Facebook's shares lower in after-hours trading Wednesday, not long after the company reported that its second-quarter profits doubled thanks to a massive increase in advertising revenue. But CEO Mark ...
Chevron Corp. is creating a new business division focused on scaling up new technologies such as carbon capture and hydrogen, the latest example of how Big Oil is positioning for the energy transition. Jeff Gustavson, 49, will become president of the unit, ...
Mask compliance is the biggest contributor, but alcohol, flight delays and cancellations are also driving the incidents, according to the union. Airlines, including Atlanta-based Delta, ...
Subscription Solutions revenues were up 70% over last year to $334.2 million. Merchant Solutions revenues were up +52% to $785.2 million. Net income for the second quarter was $879.1 million or $6.90 per fully diluted share. This compares to a net income of ...
The board for a regional water authority has approved the selection of engineering firms that will look at system operations during heavy rainstorms that left thousands of basements and dozens of streets flooded in the Detroit area. By Associated Press.
Receive this alert as RSS feed 
No comments:
Post a Comment