Goldman Sachs on Monday posted profit and revenue that exceeded analysts’ estimates as fixed income traders generated roughly $700 million more revenue than expected. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $7.73 vs. $6.58 […]
Celsius Network was a ‘Ponzi scheme,’ company’s former investment manager alleges in lawsuit
Beleaguered crypto lender Celsius Network operated as a classic “Ponzi scheme,” the former head of the company’s key investment strategy alleged in a lawsuit, claiming the company used customer deposits to cover huge liabilities caused by reckless mismanagement. Jason Stone, whose company KeyFi partnered with Celsius to run its decentralized […]
Why ESG is a Business Investment
By Emmeline De Chazal, ESG specialist at e-learning compliance training firm, Skillcast. ESG has become a catch-all phrase describing a firm’s moral considerations. Demonstrating high standards of ethical conduct in business and a commitment to sustainability and social justice is a trend that is on the up. However, there is […]
Market offers virtually unlimited investment platforms | Business
Stock trading and virtual currency once had the stigma of only being available to the wealthy or those with a vast knowledge of Information Technology (IT). The platforms needed to access either investment had many barriers to entry for consumers. Over time, these entry barriers naturally worked themselves out. Access […]
Pueblo’s Parkview wins achievement awards
Parkview Health System has been awarded quality achievement awards for its work with stroke and heart failure patients. The “Get With the Guidelines” awards honor the Pueblo hospital’s staff for commitment to ensuring stroke and heart failure patients receive the most appropriate treatment according to nationally recognized, research-based guidelines which […]
Mahindra open to investing in EV battery cell maker to secure supplies, CEO says
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NEW DELHI, July 10 (Reuters) – India’s Mahindra & Mahindra (MAHM.NS) could consider investing in a battery-cell company to meet future electrification needs, its CEO said, after the company raised funds for its new electric vehicle (EV) unit at a $9.1 billion valuation. Mahindra on Thursday raised $250 million from […]
The Supply Side: Walmart ups private brand investment for home, fashion
Shoppers have never been more open to trying private brands for consumer staples after the supply chain disruption that forced changes in shopping behavior amid the pandemic. Market research firm eMarketer reports that consumer attitudes about private brands have done an about-face in the past few years. The eMarketer survey […]
Governor Hochul Announces Corning Incorporated’s $139 Million Investment to Grow Operations in Monroe County
Headquartered in Corning, New York, the company is a large employer in New York with more than 7,000 employees across the state and approximately 62,000 worldwide. Empire State Development is assisting Corning with the planned expansion by providing up to $5 million in performance-based Excelsior Jobs Tax Credits in exchange […]
Why ETFs are a good investment value
VettaFi head of research Todd Rosenbluth discusses if the Fed has a grip on inflation and can avoid recession on ‘The Claman Countdown.’ Exchange-traded funds, or ETFs, can be a good way to diversify your portfolio and can be cost-effective. “ETFs are generally less costly and easier to access for […]
AST SpaceMobile Announces Agreement to Sell Its Investment in NanoAvionics
MIDLAND, Texas–(BUSINESS WIRE)–AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, announced it has entered into a definitive agreement to sell its majority ownership stake in NanoAvionics, a leading smallsat mission integrator and bus manufacturer based in […]