business news
Archegos owner Bill Hwang, former CFO Patrick Halligan charged with fraud
Archegos Capital Management owner Bill Hwang and its former chief financial officer, Patrick Halligan, were arrested Wednesday in connection with the implosion of the family office last year. The men are expected to appear in Manhattan federal court later Wednesday, and are being charged with racketeering conspiracy, securities fraud and wire fraud, according to a […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street to open higher after Nasdaq’s nearly 4% plunge Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures bounced Wednesday, getting a boost from Dow stock Microsoft’s more than 5% […]
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Boeing misses estimates as it grapples with delays on commercial, defense programs
A Boeing Co. Dreamliner 787 plane with AirEuropa livery moves past the company’s final assembly facility in North Charleston, South Carolina, U.S., on Tuesday, Dec. 6, 2016. Travis Dove | Bloomberg | Getty Images Boeing reported a wider adjusted loss and lower revenue than analysts expected as the company faced higher costs on both commercial […]
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Credit Suisse says U.S. authorities will ‘absolutely not’ find any wrongdoing amid probe into Russian oligarch record shredding
“Queen K,” a luxury yacht owned by Oleg Deripaska, one of a number of Russian oligarchs who reportedly had to terminate private jet leases with Credit Suisse amid previous U.S. sanctions. Anadolu Agency | Anadolu Agency | Getty Images Credit Suisse told CNBC Wednesday that U.S. authorities will “absolutely not” find any evidence of wrongdoing […]
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Want a 720 credit score? Here are four ways to improve yours
You are looking to make a purchase, such as a new cellphone or a car, but you need some time to be able to pay the full amount. Or you might be taking out a new credit card, with no single purchase in mind. In both these situations, there’s one constant: your credit score. Think […]
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Euro sinks to five-year low on energy supply, slowdown fears
The euro traded almost 0.4% against the U.S. dollar to a level not seen since 2017. This after Gazprom decided to cut gas supplies to Poland and Bulgaria. Kinga Krzeminska | Moment | Getty Images The euro tumbled against the U.S. dollar Wednesday morning as investors grew increasingly concerned with energy supply and a potential […]
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Wall Street analysts are still bullish on Alphabet despite disappointing quarter and YouTube struggles
Alphabet missed estimates for the first quarter, with YouTube revenue a weak spot. But Wall Street analysts reiterated their positive ratings on the stock. Source
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SpaceX launches Crew-4 mission for NASA, has now sent 26 astronauts to space in under two years
A SpaceX Falcon 9 rocket carrying the company’s Crew Dragon spacecraft Freedom launches the Crew-4 mission from NASA’s Kennedy Space Center in Florida on April 27, 2022. Aubrey Gemignani | NASA SpaceX launched a group of astronauts for NASA early on Wednesday morning, with Elon Musk’s company now having sent 26 people to orbit in less than […]
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JPMorgan double downgrades JetBlue, sees little upside after Tuesday’s big drop
JPMorgan cut its rating for JetBlue Airways to underweight from overweight. Source
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Russia accused of ‘blackmail’ after halting gas supplies to two European countries
Gazprom workers on the Yamal Peninsula in Russia. Bloomberg | Bloomberg | Getty Images Russia’s gas supplies to eastern Europe are looking highly uncertain after the country’s state-run gas giant Gazprom told Poland and Bulgaria that it would halt supplies. The move comes after both countries refused Moscow’s recent demand to pay for gas supplies […]
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