The Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, DC, US, on Monday, March 13, 2023.Al Drago | Bloomberg | Getty ImagesPresident Joe Biden said on Friday that federal deposit insurance could be tapped for deposits above $250,000 if other U.S. banks fail, expressing confidence that mid-sized U.S....
Market Movers rounds up the best trade ideas from investors and analysts throughout the day. Jim Cramer talked about Deutsche Bank . Shares were down 14% during intraday trading after its credit default swaps jumped without an apparent catalyst , but the stock rebounded to close down 3% Friday....
Rocket Lab is building a bigger, reusable launch vehicle called Neutron, and it's targeting a price point near $50 million per launch to challenge Elon Musk's SpaceX."We are positioning Neutron to compete directly with the Falcon 9," Rocket Lab Chief Financial Officer Adam Spice said earlier this week,...
The Depop application on a smartphone arranged on Wednesday, June 2, 2021.Gabby Jones | Bloomberg | Getty ImagesSix months after launching his secondhand clothing shop on digital marketplace Depop in 2020, Blake Robertson, a 15-year-old high schooler at the time, received a death threat from a customer.It came...
Atlantic Equities is turning more cautious on shares of Block as it awaits more clarity on its Cash App product in the wake of Hindenburg Research's short position. "With valuation remaining high, we believe it is prudent to turn neutral until we can get more comfort around sizing...
Aerial view of shipping containers sitting stacked at Yangshan Deepwater Port, the world's biggest automated container terminal, on May 21, 2021 in Shanghai, China.Vcg | Visual China Group | Getty ImagesThe recent turmoil surrounding the banking sector in the U.S. and Europe has highlighted China as a "relative...
Potential government action against Chinese social media giant TikTok could result in backlash that damages U.S. companies, according to traders and guests on CNBC's " Fast Money ." TikTok CEO Shou Zi Chew testified before Congress on Thursday, taking heat from both sides of the aisle. Many members...
Character.AI, an artificial intelligence start-up founded by two former Google employees, is capitalizing on venture capitalists' unquenchable thirst for deals in technology's hottest space.The two-year-old company said on Thursday that it raised $150 million at a $1 billion valuation in a funding round led by Andreessen Horowitz. Noam...
U.S. Sen. Sherrod Brown (D-OH) speaks to members of the media outside a briefing on the latest development of the COVID-19 outbreak to Senate members at Dirksen Senate Office Building March 12, 2020 on Capitol Hill in Washington, DC.Alex Wong | Getty ImagesWASHINGTON — Bipartisan leaders of a...
The Swiss national flag hangs from the Federal Palace, Switzerland's parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via...
