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SVB Financial Group Sells SVB Securities to Management Team Led by Jeff Leerink to Rebrand as Leerink Partners

Jun 19, 2023 09:43 am UTC| Business Economy

SVB Financial Group announces the sale of its SVB Securities investment banking arm to its own management team, led by CEO Jeff Leerink. The deal is backed by The Baupost Group following SVBs bankruptcy filing in...

Nidec, Embraer Forge Joint Venture for eVTOL Component Boom, Revolutionizing Future of Air Mobility

Jun 19, 2023 09:33 am UTC| Economy Business Technology

In a pioneering move, Japanese electric motor manufacturer Nidec Corp. partners with Brazilian jet maker Embraer to capitalize on the expanding market for electric flying vehicle parts in the U.S. The upcoming joint...

Digital Currency Revolution

Binance Warns Against 'Scam' Entity Binance Nigeria Limited; CEO Changpeng Zhao Reiterates Public Caution

Jun 19, 2023 09:25 am UTC| Business Digital Currency Investing

Binance, the global cryptocurrency exchange, recently declared Binance Nigeria Limited, an independent entity operating in Nigeria, as a fraudulent operation. This was announced via Twitter by Binance CEO Changpeng Zhao on...

Rockport Group Files for Second Bankruptcy in 5 Years, Eyes Potential Sale Amid Restructuring Efforts

Jun 19, 2023 09:17 am UTC| Business Economy

The Rockport Group, an established American footwear brand, has filed for Chapter 11 bankruptcy protection in Delaware for the second time in half a decade. Despite posting $203 million in revenue in 2022, the company is...

Digital Currency Revolution

South Korean Crypto Lenders Haru Invest, Delio Face Class-Action Lawsuit Amid Fraud Allegations

Jun 19, 2023 09:06 am UTC| Business Investing Digital Currency

Haru Invest and Delio, prominent cryptocurrency lenders in South Korea, are grappling with a class-action lawsuit from investors accusing them of fraud. The plaintiffs, represented by LKB Partners law firm, claim the...

Digital Currency Revolution

Nike Teases Epic Games Collaboration for 'Airophoria' NFT Release in 'Fortnite'

Jun 19, 2023 08:52 am UTC| Business Investing Digital Currency

Nike hints at an unprecedented collaboration with Epic Games, unveiling an upcoming NFT release, Airophoria, via Fortnite. The announcement, paired with potent brands, anticipates massive player engagement. Nike appears...

POSCO to Revolutionize Safety Management in Steelworks With Advanced Robotics

Jun 19, 2023 08:29 am UTC| Economy Business

South Koreas steel giant POSCO is partnering with Withrobot Co. and Aidin Robotics to develop high-tech robots for safety management. The initiative focuses on creating intelligent mobile robot solutions, enhancing...

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Economy

Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment

Asian stock markets edged lower on Tuesday, tracking losses on Wall Street as a pullback in technology shares dampened investor sentiment. Market liquidity remained thin due to a holiday-shortened trading week,...

South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty

South Koreas factory output showed weaker-than-expected performance in November, highlighting continued uncertainty in the countrys industrial sector as global demand remains uneven. According to official data released...

Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns

Oil prices edged lower in early Tuesday trading after posting gains of more than 2% in the previous session, as commodity markets reacted to weakness in precious metals while remaining sensitive to escalating geopolitical...

U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions

The U.S. dollar traded steadily on Tuesday as investors awaited the Federal Reserves release of its December meeting minutes, which are widely expected to reveal internal divisions over the future path of monetary policy....

U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade

U.S. stock index futures were little changed on Monday evening, reflecting cautious sentiment after Wall Street closed lower amid losses in major technology stocks. With markets entering another holiday-shortened trading...

Politics

Najib Razak Files Appeal Against Latest 1MDB Corruption Conviction and 15-Year Sentence

Former Malaysian prime minister Najib Razak has filed an appeal against his latest corruption conviction linked to the multibillion-dollar 1MDB scandal, his lawyer confirmed on Tuesday. The appeal challenges both the...

Jazz Ensemble Cancels Kennedy Center New Year’s Eve Shows After Trump Renaming Sparks Backlash

A renowned veteran jazz group has become the latest artist to withdraw from performances at Washingtons Kennedy Center following its controversial renaming to include U.S. President Donald Trump. On Monday, the Cookers...

Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel

Boeing has been awarded an $8.6 billion defense contract by the United States Department of Defense for the F-15 Israel Program, marking one of the most significant recent foreign military sales agreements between...

U.S. Government Agrees to Review Frozen NIH Diversity Research Grants After Legal Challenge

The Trump administration has reached an agreement with researchers and Democratic-led states who filed a lawsuit over cuts to diversity-related research funding at the National Institutes of Health (NIH). The deal,...

Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy

Lockheed Martin Rotary and Mission Systems has received a $92.8 million contract modification from the U.S. Naval Sea Systems Command to provide ongoing AEGIS system sustainment services for allied navies in the...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026

Samsung Electronics has obtained an annual licence from the United States government that allows the South Korean technology giant to import critical semiconductor manufacturing equipment into its China-based facilities...

Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch

Applied Digital (NASDAQ: APLD) shares climbed about 1.2% in after-hours trading on Monday after the company announced a proposed business combination designed to spin off its cloud computing operations into a new,...

Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms

Meta has announced that it will acquire Manus, a Chinese artificial intelligence startup, marking another significant step in the companys aggressive push to expand its AI capabilities across both consumer and business...

China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions

Chinas private rocket startup LandSpace is rapidly emerging as a key challenger in the global commercial space race, openly drawing inspiration from Elon Musks SpaceX while reshaping Chinas traditionally state-led space...

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...