Mindblown: a blog about philosophy.
FDA approves lab-grown ‘GOOD Meat’ chicken product, second such authorization in US
News By Fox News March 21, 2023 | 9:44 PM The Food and Drug Administration issued a “no questions asked” response to GOOD Meat, highlighting that the company’s lab-grown chicken product is safe to eat. Good Meat The U.S. Food and Drug Administration (FDA) issued a “no questions asked” response to GOOD Meat, highlighting that […]
Japanese equities up around 2%, leading gains in Asia ahead of Fed’s key interest rate decision
2 hours ago Health Care and Consumer Disclosures Lead Hang Seng Higher The Hang Seng index led gains in the Asia-Pacific region on Wednesday, driven by healthcare stocks and consumer cyclicals. Shares of Geely saw the biggest moves, up 7.16% after the automaker posted a 45.6% year-over-year revenue increase for all of 2022 and an […]
Why are Ford (NYSE:F) and other automakers joining the Tesla-induced price war?
Multiple automakers, including longtime auto giant Ford (NYSE:F) have lowered the prices of their electric vehicles in China since the Elon Musk-led Tesla (NASDAQ: TSLA) sparked a price war by lowering prices for its Model 3 and Model Y vehicles. Auto companies are trying to boost demand amid a weak China economy and increasing competition. […]
SVB Financial clashes with FDIC over fate of $2 billion in bankruptcy hearing
Lawyers for the portion of Silicon Valley Bank placed under bankruptcy protection accused U.S. banking regulators of “sucking” about $2 billion in cash from the institution, paving the way for a fight that will decide how many investors, including Appaloosa and Pimco, to be recouped in the restructuring. The comments on Tuesday came during an […]
Crypto Firms Look to Swiss Lenders After Silvergate and Signature Bank Fail
Cryptocurrency companies are struggling to find institutions to bank with after the collapse of Signature Bank and Silvergate Capital. According to multiple industry insiders who spoke to CNBC, these companies have turned to crypto-friendly Swiss banks, inundating them with requests for banking services. Part of the reason companies seek out Swiss banks is the country’s […]
White House Targets Crypto in Damaging Economic Report
The White House took aim at cryptocurrencies in a new report, arguing that many aspects of the digital asset ecosystem are causing problems for consumers, the financial system and the environment. Monday’s report comes amid growing industry concerns that federal regulators want to debank crypto companies, though state and federal regulators have so far denied […]
First Republic hires Lazard to research options after the stock price falls
First Republic hired investment bank Lazard to help it explore strategic options after the lender’s stock collapsed in the wake of the Silicon Valley Bank shuttering. Lazard joins JPMorgan Chase in advising First Republic on possible options, including a possible sale, capital injection or unloading of some of its assets, people familiar with the matter […]
Nike sees year-over-year sales increase, net income decline for third quarter
See what clicks on FoxBusiness.com Nike on Tuesday released financial results for the third quarter of fiscal 2023, which showed revenues were up and net income was down. Sales for the athletic footwear and apparel company in the third quarter were up about 14% year over year to $12.39 billion. The company reported revenue of […]
Got any book recommendations?