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[ad_1] Virgin Orbit Holdings Inc. plans to cease operations, according to a CNBC report Thursday afternoon. Virgin Orbit stock VORB, -16.02% plunged 45% in after-hours trading...
[ad_1] Wall Street bonuses fell 26% in 2022, the largest drop since the collapse of Lehman Brothers in 2008, as New York state and city officials...
[ad_1] Block stock rose Thursday after the payments group responded to some of a short seller’s allegations. Last week, Hindenburg Research disclosed a short position in...
[ad_1] Electronic Arts Inc. on Wednesday announced intentions to slash 6% of its workforce as the videogame publisher looks to cut costs. “As we drive greater...
[ad_1] UBS Group AG said Wednesday that it has decided to appoint Sergio P. Ermotti as its new chief executive replacing Ralph Hamers, and said the...
[ad_1] Micron Technology shares are modestly higher in late trading Tuesday after the memory chip company posted financial results for its fiscal second quarter ended March...
[ad_1] The metaverse is among the first victims of Walt Disney Co.’s cost-cutting purge. The Magic Kingdom is shutting down its next-generation storytelling and consumer-experiences unit,...
[ad_1] Alibaba stock was on track for its best day in months after the Chinese technology giant announced that it would split itself into six units,...
[ad_1] Sam Bankman-Fried, the founder and former chief executive of bankrupt crypto exchange FTX, is facing new charges for bribery, according to an indictment on March...
[ad_1] Lyft Inc.’s incoming Chief Executive David Risher looks at the ride-hailing company’s competition with Uber Technologies Inc. as a way to keep both companies “honest...
[ad_1] Lyft Inc. is bringing in a new chief executive and removing its co-founders from running the ride-hailing company on a day-to-day basis, sending shares more...
[ad_1] Walt Disney Co. will begin the process of eliminating 7,000 jobs this week, company Chief Executive Bob Iger said in a memo to staff Monday....
[ad_1] The collapse of Silicon Valley Bank sent shockwaves through the global economy and had the makings of another crisis. Depositors raced to withdraw money. Banks...
[ad_1] First Citizens BancShares Inc. has entered a deal to assume all the deposits and loans of the failed Silicon Valley Bridge Bank from the Federal Deposit...
[ad_1] Data on the U.S. consumer and housing market, plus several notable earnings reports, will be this week’s highlights. Barring any surprises, federal financial regulators’ Congressional...
[ad_1] The numbers: The U.S. economy accelerated in March, S&P Global surveys showed, but so did inflation as companies raised selling prices. The S&P Global Flash...
[ad_1] Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend. The German lender’s...
[ad_1] Regional banks shouldn’t be the only source of worry for potential fallout from the Federal Reserve’s rapid pace of interest-rate hikes in the past year,...
[ad_1] Despite quick action by regulators and policy makers, there’s a rising risk that banking-system stress will spill over into other sectors and the U.S. economy,...
[ad_1] The numbers: The number of Americans who applied for unemployment benefits last week slipped to a three-week low of 191,000, signaling little erosion in a...