Market News
FTX Founder Sam Bankman-Fried Seeks Dismissal of Criminal Charges
Wall Street Journal - 9 May 2023 14:38
His lawyers said the charges were flawed, blaming the Justice Department's rush to indict after the crypto exchange's implosion.
ChatGPT Is Causing a Stock-Market Ruckus
Wall Street Journal - 9 May 2023 11:30
Investors race to assess the rise of artificial intelligence as a possible "iPhone moment."
Six books that tell the history of money
livemint.com - 9 May 2023 09:59
What to read to understand the roots of money
Rocket Lab revenue increases slightly, company adds NASA launch contract
CNBC - 9 May 2023 23:49
Rocket Lab's revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract.
Rivian reports a narrower-than-expected quarterly loss, reaffirms EV production target
CNBC - 9 May 2023 23:06
Rivian has been working to reduce its spending over the last several months in a bid to conserve cash.
U.S. Stocks Fall Amid Debt-Ceiling Worries
Wall Street Journal - 9 May 2023 22:58
Investors are awaiting the release of key inflation data this week as volatility among regional bank stocks continued.
Virgin Galactic quarterly loss widens while company preps for spaceflight return
CNBC - 9 May 2023 22:56
Virgin Galactic is aiming to fly its first spaceflight in nearly two years later this month.
KKR-Backed Envision Healthcare Plans Chapter 11 Bankruptcy Filing
Wall Street Journal - 9 May 2023 22:31
The physician-staffing company was brought down by high labor costs, bruising battle with UnitedHealth.
Fox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi
CNBC - 9 May 2023 21:21
Fox reported a $54 million net loss for the quarter due to costs related to its settlement with Dominion Voting Systems.
Can a beneficiary also be made executor and witness of a will?
livemint.com - 9 May 2023 20:20
An executor is the legal representative appointed in the will for all purposes of a deceased person (testator) to carry out the instructions contained in the will.
Why adding a nominee to your Demat account is just not enough
livemint.com - 9 May 2023 20:15
While many investors rely on the nomination process in their demat accounts to ensure a seamless transfer of wealth to their loved ones, it's crucial to understand the limitations of this process.
Spending smart: How you can earn those free flights
livemint.com - 9 May 2023 20:13
If you are on social media, chances are that you would have come across at least one travel junkie on your timeline boasting of taking free flights using air miles.
Ex-Coinbase Worker Gets Two-Year Prison Term in First Cryptocurrency Insider-Trading Case
Wall Street Journal - 9 May 2023 19:58
A former Coinbase employee was sentenced to two years in prison for his role in what federal prosecutors called the first-ever insider-trading case involving cryptocurrency.
Pharma Suppliers Are Nursing a Postpandemic Hangover
Wall Street Journal - 9 May 2023 16:06
Picks-and-shovel healthcare companies like Danaher and Repligen that supply drugmakers are seeing a slowdown.
Looming Recession For Small Businesses? Optimism Index Hits 10-Year Low
Forbes - 9 May 2023 15:57
"From a wider perspective, the Fed created the problem," economists at the National Federation of Independent Business said Tuesday.
NY Times' Stock To Likely Trade Lower Post Q1
Forbes - 9 May 2023 15:00
We expect NYT stock to trade lower with revenues and earnings missing consensus expectations marginally for its first-quarter results.
Betting Against Banks Brings Reward and Backlash
Wall Street Journal - 9 May 2023 15:00
Short selling surged over the past year as many investors braced for market turbulence.
A 10%-Yielding Portfolio You'll Want To Own Forever
Forbes - 9 May 2023 14:45
One "must-have" is the need to clock out on dividends alone.
Novavax shares rise after company unveils positive vaccine data, plan to cut 25% of workforce
CNBC - 9 May 2023 14:27
Novavax still reported bleak first-quarter earnings and revenue that missed Wall Street's estimates.
Nikola exits European joint venture to focus on hydrogen trucks in North America
CNBC - 9 May 2023 14:16
Nikola produced 63 battery-electric trucks and delivered 31 to dealers in the quarter. Its dealers sold 33 trucks to end customers during the period.
Fisker cuts production guidance for Ocean EV after last-minute snags
CNBC - 9 May 2023 14:14
CEO Henrik Fisker told CNBC that the company expects regulatory approval to begin deliveries of the Ocean in the U.S. before the end of May.
Nintendo Needs a New Console Soon
Wall Street Journal - 9 May 2023 14:12
As the Switch shows its age, the company needs to quickly find a successor to satisfy gamers and its investors.