Rocket Lab is considered a pioneer among a new generation of so-called small launch providers. Photo: Rocket Lab / Associated Press Space transportation startup Rocket Lab USA Inc. is on the verge …
Read More »Jane Fraser is getting better at Citigroup
Jane Fraser wants to simplify Citigroup Inc., the original megabank. That will not be easy. On Monday, Ms. Fraser takes over as CEO of the third-largest bank in the US Once the …
Read More »How Europe became the world’s largest electric car market and why it might not last
European consumers are buying electric cars at a faster rate than ever, encouraged by government subsidies and the availability for the first time of models made by their favorite brands. The boom …
Read More »SolarWinds Hack pits Microsoft against Dell and IBM on how companies store data
The cyberattack that compromised many US corporate and government networks is fueling a debate among big tech companies about the safest way for customers to store critical data. It faces Microsoft Corp., …
Read More »ARK ETFs were all the rage and competitors emerged. Now they are all falling.
Cathie Wood, Founder of ARK Investment Management Courtesy of ARK Invest Text size ARK Invest’s hot, publicly traded funds suffered a major setback this week. In its worst week since last March, …
Read More »Best Buy expects to close more than 20 stores this year and many more in the works as the business evolves online.
Best Buy Co. Inc. ABY, -2.52% is adjusting its business to meet consumers’ new online shopping habits brought on by COVID-19, including a plan to close more than 20 stores this year, …
Read More »How Brazil could boost its market after the reorganization of Petrobras
A worker at a Petroleo Brasileiro (Petrobras) gas station in Rio de Janeiro, Brazil. Petrobras declined after President Jair Bolsonaro ousted the CEO. Andre Coelho / Bloomberg Text size Brazilian assets were …
Read More »As rising Treasury yields spook equity investors, March looms like a lion
After a hectic February, investors are probably expecting March to stick to its proverb: Come in like a lion, come out like a lamb. Indeed, February turned out to be a disaster, …
Read More »The ‘head banging madness’ has reached new heights in today’s markets, says hedge fund billionaire Paul Singer
“ “We believe that hindsight will show that the champion of head-hitting madness in the US stock market is the period that is unfolding right now.” “ That’s billionaire Paul Singer of …
Read More »US Treasury Yields Stabilize – WSJ
US government bonds showed signs of stabilizing on Friday, pushing yields lower a day after a chaotic session had triggered them. The yield on the benchmark 10-year Treasury bond stood at 1.459%, …
Read More »