Snowflake shares fell more than 12% in extended trading on Wednesday after the firm offered a dismal outlook in its quarterly report and announced an […]
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Despite concerns about the debt ceiling, US money market fund assets reached record highs.
U.S. money market fund assets reached an all-time high of $5.8 trillion this week as yield-seeking investors continued to shift to short-term debt securities, a […]
Jim Cramer claims that there is an “emerging bull market” for medical device companies.
CNBC’s Jim Cramer praised the developing medical equipment bull market on Monday, citing favorable earnings results from linked firms across the board. Cramer told, “It’s […]
The head of the WTO advocates for re-globalized supply chains to reduce bottleneck risks.
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has recommended diversity in global supply chains as part of continuing attempts to restructure the organization. […]
According to Bentley CEO, the trend toward customization among the wealthy is increasing profit.
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 […]
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 […]