Virgin Orbit flew its modified Boeing 747 airplane “Cosmic Girl” with the company’s LauncherOne rocket under its wing for the first time on November 18, 2018. Virgin Orbit Virgin Orbit is returning a “small” team to work on Thursday, according to a company-wide email obtained by CNBC, as it aims to prepare for its next … Read more
Switzerland has created what they dub “Crypto Valley” in the region of Zug. Nurphoto | Nurphoto | Getty Images Crypto firms are scrambling to find institutions to bank with after the collapse of Signature Bank and Silvergate Capital, two lenders that were friendly to digital currency companies. Some of these companies have turned to crypto-friendly … Read more
Team Japan celebrates after the final out of the World Baseball Classic Championship defeating Team USA 3-2 at LoanDepot park on March 21, 2023 in Miami, Florida. Megan Briggs | Getty Images Sport | Getty Images Shohei Ohtani emerged from the bullpen and fanned Los Angeles Angels teammate Mike Trout for the final out in … Read more
Finland has been named the happiest country in the world — again. The Nordic country topped the “World Happiness Report 2023,” published this week by the United Nations Sustainable Development Solutions Network, which measures factors such as income, mental and physical health and societal generosity. According to the report: “Finland continues to occupy the top … Read more
How the tides have turned in a few weeks: after a muted month for tech in February, investors are flocking back into the sector amid tumbling yields and turmoil in the banking sector. Market watchers are weighing the potential for a smaller interest rate hike or even a pause by the U.S Federal Reserve this … Read more
Energy stocks dropped last week as oil prices fell to a 15-year low , with the banking crisis roiling markets. The energy sub-sector in the S & P 500 dropped 7% last week, although it has since regained some ground, rising more than 2% in Monday’s session. Oil prices also rose over 1% on Monday. … Read more
Key Points “We believe it is time to turn overweight on Growth stocks in Asia/EM again,” Morgan Stanley strategists said in a note. Morgan Stanley forecasts Hong Kong’s Hang Seng Index to gain another 28% from current levels by the end of this year and China’s CSI 300 to gain another 14% Morgan Stanley strategists … Read more
Hong Kong has been named the most expensive location in Asia for business travelers — for the second year in a row, according to a new report. ECA International’s latest Daily Rates research ranked countries based on costs for short trip expenses: four-star hotel rooms, meals, laundry, alcoholic and soft drinks, journeys by taxi and … Read more
CNBC’s Jim Cramer on Tuesday said that investors are operating too much out of fear and instead need to take a long-term perspective of the market and “accentuate the positive.” Cramer acknowledged that investors’ worries are not unfounded and that on the surface, this market does look like “the sum of all our fears.” The … Read more
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Stock futures were little changed Tuesday evening as investors braced for the Federal Reserve’s next move in its inflation-fighting rate hiking plan. Futures tied to the Dow Jones Industrial Average lost 9 points, or 0.03%. S&P 500 futures added 0.01% and Nasdaq 100 … Read more