According to CEO Adrian Hallmark,after a record-breaking year last year, Bentley Motors reported skyrocketing profits in the first quarter due in huge part to car […]
Category: Latest
Goldman Sachs: AI could increase S&P 500 profits by 30% over the next decade.
Goldman Sachs is optimistic about artificial intelligence and is hopeful that the technology could help drive S&P 500 gains in the next decade. “Over the […]
Target will release earnings before the market opens. Here’s what to look out for
Target will announce its first fiscal first-quarter revenue before the bell as costly groceries, increasing mortgage rates, and summer vacations weigh on wallets. In February, […]
According to the CEO of Pfizer, Medicare will most likely face legal action over drug price negotiations
On Thursday, Albert Bourla, Pfizer CEO, said pharmaceutical companies will possibly file legal actions against Medicare drug price negotiations, whose goal is to reduce prices […]
Former SVB CEO apologizes for the bank’s failure
In congressional testimony, Greg Becker, former CEO of collapsed lender Silicon Valley Bank, expressed regret for the bank’s “devastating” failure, citing rising interest rates and […]
Fanatics will pay approximately $150 million for PointsBet’s assets in the United States
Fanatics has decided to procure PointsBet’s US business, marking the sports giant’s first big foray into US sports betting. The value of this transaction is […]
Trump has urged Republicans to allow a catastrophic debt default if Democrats do not accept cuts
On Wednesday, former President Donald Trump advised Republican lawmakers to allow the United States to default on its debts if Democrats do not agree to […]
Novavax reduces its workforce by 25% and issues a forecast for 2023
Novavax said on Tuesday that it will cut 25% of its global workforce as the cash-strapped biotech presses ahead with plans to cut expenditures and […]
Stocks in the United States are getting closer as fears of a banking crisis fade
On Thursday, Wall Street stocks fell as markets hushed after recent banking sector turmoil. The Dow Jones Industrial grew 0.4% to 32,859.03 while the broad-based […]
US battery sourcing advice will reduce certain EV tax incentives-official
A U.S. official told Reuters that the Treasury Department’s long-awaited guidelines on battery sourcing standards for electric car tax credits, expected out on Friday, will […]