Charismatic entrepreneur, Charlie Javice, who is currently facing charges of defrauding JPMorgan Chase & Co in the acquisition of her former college financial aid startup Frank for a whopping $175 million in 2021, arrived at the United States Court in Manhattan, New York City on June 6, 2023. Photo by Mike Segar | Reuters Employees …
In the span of four years, the aviation industry has undergone significant changes since the last in-person air show. The Covid-19 pandemic had a devastating impact on travel demand, leading to the loss of thousands of experienced aviation workers and causing major disruptions in new plane production. However, as air travel demand surges once again, …
According to Standard Chartered’s research on potential market surprises in 2023, they predict that the price of bitcoin could fall to $5,000. Nurphoto | Getty Images Following the Federal Reserve’s June meeting, cryptocurrency prices, including bitcoin, dropped. Bitcoin fell below $25,000 for the first time since March. On Thursday, bitcoin was at $25,439.77, down more …
Traders are busy on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Photo: Michael M. Santiago | Getty Images Michael Yoshikami, the founder and CEO of Destination Wealth Management, believes that a U.S. recession could prevent a significant market downturn in the second half …
In April, inflation remained persistently high, potentially strengthening the possibility of prolonged higher interest rates, as stated in a closely monitored gauge released by the Federal Reserve on Friday. The personal consumption expenditures (PCE) price index, which measures a range of goods and services and adjusts for changes in consumer behavior, increased by 0.4% for …
Huawei, the Chinese telecommunications giant, is once again in the spotlight in Europe. A report suggests that Germany may ban certain equipment from Huawei in its 5G network. Thierry Breton, the EU commissioner for the internal market, has called on more EU countries to follow suit and ban Chinese telecommunications firms Huawei and ZTE from …
Kyla Scanlon, a 26-year-old former options trader, has become an influential figure using TikTok, Instagram, and YouTube to make financial education entertaining for young viewers. She is the founder of Bread, a company that creates viral videos and skits. In an interview with CNBC’s “ETF Edge,” Scanlon shared her approach: “I’ll take on the role …
The U.S. labor market exceeded expectations once again in May, with companies adding jobs at a remarkable pace, according to a recent report from ADP, a payroll processing firm. In the private sector, employment grew by a seasonally adjusted 278,000 in May, surpassing the Dow Jones estimate of 180,000. Although slightly lower than the revised …
The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023. Justin Sullivan | Getty Images Cryptocurrency exchange Binance has announced its departure from the Netherlands as its application to register under the Dutch crypto authorization regime was declined. In reference to a virtual asset service provider, Binance stated on Friday …
Virgin Galactic’s space tourism rocket plane SpaceShipTwo returns after a test flight from Mojave Air and Space Port in Mojave, California, December 13, 2018. Gene Blevins | Reuters Explore the companies grabbing attention in midday trading. Virgin Galactic — The shares of this pioneering space company surged by 16.5%. This month, Virgin Galactic will conduct …