The military has chosen Bell Textron to develop the next generation of combat aircraft, based on Bell’s V-280 Valor tiltrotor. Bell Fort Worth-based Bell Textron Inc. has won a development contract potentially worth billions of dollars for the US Army’s next generation of helicopters to replace its fleet of Black Hawks. Textron on Monday announced … Read more
With the unexpected return of Bob Iger last month for a new term as Disney CEO, the entertainment giant’s veteran CFO Christine McCarthy has emerged as one of the leading candidates to take over. “Christine has always been a force to be reckoned with, but you have to put her on a top five list … Read more
London CNN Business — Global renewable energy capacity is expected to grow as much over the next five years as it has over the past two decades, as soaring energy prices and the climate crisis force governments to move away from fossil fuels. In a report released on Tuesday, the International Energy Agency predicts a … Read more
Online brokerage Robinhood (HOOD) is rolling out retirement accounts for users of its mobile app, a move that comes as the retail frenzy that made the company so successful last year wanes. Robinhood will offer customers a 1% match on its traditional or Roth IRAs, the company announced Tuesday. Users can start investing on deposits … Read more
LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see … Read more
Taiwan Semiconductor Manufacturing Company to more than triple its investment in the US state of Arizona to $40 billion as geopolitical tensions push the world’s largest contract chipmaker to accelerate the diversification of its production facilities . TSMC is currently investing $12 billion in building a manufacturing or “fab” facility in Arizona that was originally … Read more
Enlarge / Vials of the Pfizer COVID-19 vaccine. As respiratory diseases ravage children in the United States, vaccine partners Pfizer and BioNTech announced on Monday that they are seeking regulatory clearance to offer their bivalent COVID-19 vaccine to children aged 6 months to 4 years, but not in reminder ; instead, it would be part … Read more
Nuveen CIO Saira Malik discusses Nuveen’s 2023 Playbook, whether a recession is inevitable, and provides advice and insights on equities, on “Barron’s Roundtable”. PepsiCo Inc. is laying off workers at the headquarters of its North American snack and beverage divisions, a signal that corporate belt-tightening extends beyond technology and media, according to people familiar with … Read more
Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank analyst explained that cryptocurrencies could fall further and more crypto businesses could “succumb to liquidity restrictions and investor withdrawals.” Standard Chartered Bank’s $5,000 Bitcoin Scenario Standard Chartered Bank released a note on Sunday titled “Financial Market Surprises of 2023.” … Read more
Comment this story Comment Hertz said Monday it would pay $168 million to settle hundreds of claims from customers who were falsely reported by the rental car company to have stolen its vehicles, with innocent renters arrested and jailed for weeks or years. months over the reports. Hertz said in a brief statement that it … Read more