Month: October 2023
Rolls-Royce CEO Torsten Muller-Otvos retires after boosting sales six-fold
Torsten Muller-Otvos, the Rolls-Royce CEO who turned an aging brand into a coveted badge of success for pop stars, athletes and young entrepreneurs, is retiring after 14 years. Rolls-Royce announced Thursday that Muller-Otvos, 63, the longest serving CEO of Rolls-Royce in nearly a century, will retire on December 1. He will be replaced by Chris Brownridge, […]
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Neuralink competitor Precision Neuroscience buys factory to build its brain implants
Employees working in Precision’s manufacturing facility Courtesy: Precision Neuroscience Neurotech startup Precision Neuroscience announced Thursday it has acquired a factory in Dallas, where it will build the key component of its brain implant, the Layer 7 Cortical Interface. The facility will help the company speed up development and move closer to the regulatory approval it […]
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10-year Treasury generate rises a bit forward of Friday’s work opportunities report
Extended-length Treasury yields rose again on Thursday as buyers awaited a crucial work opportunities report to gauge the route of financial coverage. The produce on the 10-yr Treasury climbed 3 foundation details to 4.759%. It had risen as significant as 4.884% on Wednesday, hitting a 16-12 months high. The produce on the 30-year Treasury was […]
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Constellation Brands beats on earnings as Modelo-fueled beer momentum continues
In this photo illustration, bottles of Modelo Especial beer sit on a table on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Constellation Brands on Thursday reported earnings and revenue that topped analysts’ expectations for its fiscal second quarter of 2024. The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra […]
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Peak crude demand from customers is fueling anger and argument in the globe of oil
An off-shore oil platform off the coastline in Huntington Seaside, California on April 5, 2020. Leonard Ortiz | MediaNews Group | Orange County Sign up | Getty Visuals It’s been a war of words and phrases and numbers concerning two important players in the electrical power industry – the Intercontinental Energy Agency and OPEC – […]
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With booze, furniture and candles, Dungeons & Dragons makes itself at home
Inside the storefront of Cantrip Candles in Hollywood, CA. Sarah Whitten | CNBC It’s not every day that a spilled beer can start a company. But that’s exactly how Christoff Visscher got the idea for Cantrip Candles. An avid Dungeons & Dragons fan, Visscher was hosting a game when a beer got knocked over during […]
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Regent aims to fly its electric powered seagliders about the waterways of Japan
Billy Thalheimer (CEO) and Michael Klinker (CTO) of REGENT with a whole-scale mockup of their 1st electric seaglider. Courtesy REGENT Regent, a startup acquiring electrical seagliders to transport folks and cargo, has raised a $60 million round of undertaking funding and struck a partnership with Japan Airways to figure out how to deliver the firm’s […]
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‘The Exorcist: Believer’ and Hispanic audiences: A match made in horror movie heaven
Still from the set of “The Exorcist: Believer.” Courtesy: Universal Studios Take it on faith. The new “Exorcist” movie will draw big Hispanic audiences. Universal is seeing stronger-than-average Hispanic interest for “The Exorcist: Believer” as the movie heads into its opening weekend, according to people familiar with the matter. This fits a pattern among recent […]
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Ukraine war live updates: Kremlin sheds light on Putin’s inner circle; Russia won’t comment on Black Sea Fleet’s reported move
The Krenlin tells CNBC what Putin values most in his inner circle Russian President Vladimir Putin (L) talks to Defence Minister Sergey Shoigu (R) during the annual Navy Day Parade on July 30, 2023, in Saint Petersburg, Russia. Contributor | Getty Images Russian President Vladimir Putin is known to keep a tight-knit group of officials […]
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Shares of French coach manufacturer Alstom plunge 35% immediately after dollars movement downgrade
Director of the Alstom Valenciennes production plant observed in front of a motor vehicle remaining sent to the Regie des Transports de Marseille) technical centre. Sopa Visuals | Lightrocket | Getty Photos Shares of French educate company Alstom plummeted 35% on Thursday, in accordance to LSEG knowledge, after the enterprise slashed its free of charge […]
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