Bridgit Mendler is a new ground station startup’s CEO, planning to provide a more democratic option for satellite data transmission.
Wall Street
Nvidia dethrones Tesla as the most traded stock on Wall Street, marking a monumental shift and influence of AI in investor decision-making.
Europe stocks opened high on Monday, world stocks steady at their highest in more than 2 years, as investors wait for U.S. inflation data.
Catch 22 is the terminology describing a problem for which the only solution is impossible because of circumstances inherent to the problem. Its origin is Joseph Heller’s book of the same name, first published in 1961. A literary masterpiece that’s considered to be the greatest satirical work ever produced, in any language or culture. Fact […]
Reddit has drawn up detailed plans to launch its Reddit IPO in March, moving forward with a listing it has been eyeing for more than 3 years.
Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve’s campaign to rein in decades-high inflation may cause a deep downturn. All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting that the labor […]
China is seriously concerned about Japanese export restrictions on chip manufacturing equipment and called on it to correct its “wrong practice”, the Chinese commerce ministry said on Tuesday. “China will take decisive measures to safeguard its rights and interests if Japan insists on obstructing the chip industry cooperation between the two countries,” it said in […]
Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank. The deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley […]
A strong rebound by financials helped Wall Street’s main indexes close firmly positive on Thursday, after some of the country’s largest lenders came to the rescue of embattled First Republic Bank. The technology sector also contributed to the gains, helping to boost the Nasdaq Composite to its strongest performance since Feb. 2, 2022. The latest […]
As SVB Financial Group wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc and worked out an unusual two-part plan, according to people familiar with the discussions. The investment bank would buy a $21.5 billion bond portfolio from SVB to […]