Tag: Industrial goods
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Crypto will be ‘over’ in the US if Coinbase loses battle with SEC. This is why
Hello! Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto exchange Coinbase MINT said Wednesday it received a notice from Wells from the Securities and Exchange Commission that could lead to formal charges. The SEC’s Wells notice covered an unspecified portion of the exchange’s publicly traded digital assets, the staking […]
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Bill Gates says AI is the most revolutionary technology in decades
Bill Gates said he believes artificial intelligence is the most revolutionary technology he’s seen in decades, on par with computers, cell phones and the internet. “The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet and the mobile phone,” he wrote in a blog post Tuesday. “Entire […]
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Here’s one for the battered bulls: The second-largest sector in the S&P 500 is coming to life, says this strategist.
“It’s the first time in a long time that the FOMC has had to make a real decision,” said JonesTrading chief strategist Michael O’Rourke, one of a handful of people urging the Fed to pause. “Remember, this banking crisis is the result of banks not properly preparing for a rate hike cycle. Another increase in […]
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Virgin Orbit, Richard Branson’s satellite launch, has fallen fast
Two months ago, Richard Branson’s Virgin Orbit VORB -9.14% Holdings Inc. was about to make history by launching the first satellites into orbit from the billionaire’s homeland of the UK That high-profile launch from Cornwall, England went badly, ending in the destruction of the satellite payload and sparking an investigation into what went wrong. Virgin […]
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Top Apple supplier Foxconn plans major expansion in India
NEW DELHI— Apple from Inc AAPL 3.51% main manufacturer, Foxconn Technology Group, is considering a major expansion in India, which could include assembling millions of iPhones and setting up new manufacturing sites, as it seeks to further diversify outside of China. Foxconn will expand iPhone production at its existing factory near Chennai, in the South […]
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Boeing board denies CEO David Calhoun a performance bonus
The aircraft manufacturer from Arlington, Va. has said the large wide-body aircraft will not be delivered to customers until 2025. service by the end of 2023, while ramping up production and deliveries. “It is clear that this goal will not be met, albeit for reasons largely beyond Mr. Calhoun’s control,” Boeing said in its annual […]
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New York pushes aside London in Battle of Financial Centers
New York beat London to the coveted listing of British chip designer Arm Ltd. win, a move that underscores the US’s magnetic appeal to large companies and the UK’s diminished profile as a global financial capital. Arm became the latest of a group of companies to reject London for the US. New York has deeper […]
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Huawei export licenses may be revoked by the US
The Biden administration is considering revoking export licenses issued to US suppliers for sale to Chinese telecom company Huawei Technologies Co. The administration previously indicated that it is considering not granting new export licenses to companies such as Qualcomm Inc. QCOM 0.77% and Intel Corp. INTC 0.16% , which provide chips needed for smartphones and […]
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Durable goods orders are down 4.5%, but it’s all Boeing. Overall, the report is strong.
The numbers: Manufactured goods orders fell 4.5% in January on the back of volatile passenger jet bookings. Still, business investment rose at its fastest pace in five months, another sign of strength for the economy at the start of the new year. Economists polled by the Wall Street Journal had predicted a 3.6% decline in […]