People wearing protective face masks walk past the closed Nike store on 5th Avenue during the coronavirus disease (COVID-19) outbreak in New York City on May 11, 2020. fresh mike | Reuters Nike easily beat Wall Street expectations for its holiday quarter earnings and revenue, although its bloated inventory continued to weigh on its margins. … Read more
Terran Orbital reported fourth-quarter results on Tuesday, posting annual revenue that more than doubled as the company continued to build its order backlog. The Irvine, Calif.-based company said its fourth-quarter revenue reached $31.9 million, up from $27.8 million in the third quarter. Terran Orbital delivered 19 satellites during the fourth quarter, including 10 under a … Read more
Candida auris is a yeast responsible for many infections. Resistant to most antifungal drugs, this fungus causes several deaths around the world. BSIP | Universal Image Group | Getty Images An often drug-resistant fungus has spread at an “alarming rate” in healthcare settings across the United States, according to the Centers for Disease Control and … Read more
Bad Bunny performs at the 65th Annual Grammy Awards in Los Angeles, California on February 5, 2023. Mario Anzuoni | Reuters Puerto Rican rapper Bad Bunny is being sued by his ex-girlfriend for over $40 million for allegedly using a recording of his voice without permission or compensation. Carliz De La Cruz Hernández claims that … Read more
A medical professional administers a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic at the Peabody Institute Library in Peabody, Massachusetts, U.S., Wednesday, January 26, 2022. vanessa leroy | Bloomberg | Getty Images People who caught Covid-19 before being vaccinated had a weaker immune response to injections than those who never had the … Read more
A “For Sale” sign outside of a home in Atlanta, Georgia on Friday, Feb. 17, 2023. Dustin Rooms | Bloomberg | Getty Images Sales of older homes rose 14.5% in February from January, according to a seasonally adjusted tally from the National Association of Realtors. That put sales at an annualized rate of 4.58 million … Read more
The Silicon Valley Bank collapse was “kind of like the Lehman moment for technology,” Cliff Marriott, co-head of European technology, media and telecommunications for the investment banking division, told CNBC on Tuesday. of Goldman Sach. SVB, a vital source of funding for tech startups and venture capitalists, has been shut down and taken over by … Read more
United States Treasury Secretary Janet Yellen testifies before the Senate Finance Committee on the proposed 2024 budget request, on Capitol Hill in Washington, DC, March 16, 2023. Andrew Caballero – Reynolds | AFP | Getty Images Treasury Secretary Janet Yellen said on Tuesday the government was ready to provide new deposit guarantees if the banking … Read more
Here are the most important information investors need to start their trading day: 1. Relief Rally UBS’s “forced marriage” to Credit Suisse might have done the trick, at least for now, as U.S. stock markets rallied on Monday after the latest moves to strengthen the global banking system. Now Wall Street is focused almost entirely … Read more
UBS agreed on Sunday to buy embattled domestic rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) in a government-backed cut-price deal. Swiss authorities and regulators helped regulate the deal, which came amid fears of contagion to the global banking system after two smaller US banks collapsed in recent weeks. “Switzerland’s position as a … Read more