Is Robinhood shuffling the deck for a winning hand in credit cards? Amid layoffs and team reshuffles, the trading platform is refocusing on the credit card sector after buying X1—a no-fee credit card startup. From Trading to Credit Cards: Robinhood’s Big Move Months after Robinhood announced the $95 million acquisition of credit card startup…
Alex Karp Talks Business and Ethics: SpaceX Starlink and Ukraine in the Spotlight In a lively discussion on technology and international relations, Palantir CEO Alex Karp opens up about his relationship with SpaceX founder Elon Musk, and their contrasting views on the Russia-Ukraine conflict. Key Takeaways: Alex Karp, Palantir CEO, has a nuanced stance…
SHANGHAI (Reuters) – China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries, the China Business News reported on Sunday. The fund has already received investment intentions from more than 20 central government-owned enterprises as well…
By Doyinsola Oladipo and Abhirup Roy (Reuters) – U.S. auto workers expanded their strike on Friday with a clear target for distress: dealers who sell and service GM and Stellantis vehicles. Selling and installing parts is one of the most profitable parts of the auto business, but it is also one of the most vulnerable,…
Larry Ellison, the co-founder and Executive Chairman of Oracle Corp, recently dropped a bombshell during his presentation at CloudWorld. Ellison disclosed that Oracle is working on a next-generation law enforcement vehicle, which will be none other than Tesla’s Cybertruck. Ellison couldn’t hide his excitement about the Cybertruck, saying it’s not only his top pick…
The Fed Holds Firm, Yet Gold Manages to Gleam: A Market Response Analysis The precious metals market is aflutter as the U.S. Federal Reserve’s stance shakes things up, but not so much for gold! As most expected another interest rate hike by year’s end, the central bank pumped the brakes, leading gold prices to…
(Reuters) – The U.S. Department of Labor has opened investigations into meat companies Tyson Foods and Perdue Farms to determine whether migrant children were used to clean slaughterhouses, the New York Times reported on Saturday. The Labor Department opened the investigations after a New York Times Magazine article this week showed migrant children working overnight…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Striking Hollywood writers and top studio executives met for a third straight day on Friday, ending with a decision to continue talks on Saturday as they try to end a work stoppage that has shut down film and TV production for months. While workers across the…
PARIS (Reuters) – Bank of France head Francois Villeroy de Galhau, a governing council member of the European Central Bank (ECB), said on Saturday that the spike in oil and fuel prices did not change the ECB’s objective to bring inflation back towards 2% by 2025. “Gasoline consumption at the pump represents roughly 5% of…
By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) – The Biden administration is in talks with Vietnam over an agreement for the largest arms transfer in history between the ex-Cold War adversaries, according to two people familiar with a deal that could irk China and sideline Russia. A package, which could come together within the…