Business

People familiar with the matter said that Credit Suisse AG has known since 2019 that the supply chain finance fund operated with Greensill Capital relies too much on a small group of insurance companies to protect investors from default. Can correct this situation. It turned out to be a time bomb, and when the insurance company refused to renew the …

Tesla has agreed to buy nickel from a mine in New Caledonia to ensure the supply of metal for its batteries. Tesla CEO Elon Musk called Tesla “the biggest concern.” According to a person familiar with the matter, the electric car manufacturer will become a technical consultant for the Goro mine on the Pacific Island and obtain a long-term supply …

ExxonMobil CEO Darren Woods emphasized that the oil giant promised to pay dividends after the company lost more than $20 billion in 2020 and activist investors promoted change. Woods said on CNBC’s “Squawk Box” on Thursday: “We will continue to return cash to shareholders through very strong dividends.” He pointed out that because the coronavirus has brought the global economy …

Unless someone pointed it out, you might not have seen it. However, an Amazon logo that has just been quietly redesigned has a disturbing resemblance to Adolf Hitler’s face-at least some people think on social media. This highly simulated application icon has a smile-shaped arrow under a toothbrush-shaped beard. The icon was released in January and replaced the shopping cart …

The stock market opened higher on Thursday morning, eliminating overnight losses. In recent weeks, due to rising bond yields, the Nasdaq market and growth stocks have been under tremendous pressure, and the stock market’s upward momentum has been encouraging. Federal Reserve Chairman Jerome Powell will deliver a speech today, and investors are seeking any possible comments on the yields of …

The Labor Department reported on Thursday that another 745,000 Americans applied for their first jobless benefits after seasonal adjustments last week. This number is less than economists expected, but it has increased from the previous week. Most importantly, 436,696 workers have applied for pandemic unemployment benefits, which can be used for self-employed or odd jobs. Last week, without seasonal adjustment, …

The number of people applying for unemployment benefits each week rose slightly last week, but due to the economy’s difficulty in getting rid of the impact of the pandemic that has been going on for nearly a year, its unemployment rate rose less than expected last week. The Labor Department reported on Wednesday that in the week ending February 27, …

This is what we saw before the market opened on Thursday. –Stock futures are gradually rising, It is suggested that the main index will be opened on a stable basis. Futures linked to the Standard & Poor’s 500 index rose 0.1%, and contracts related to the high-tech Nasdaq-100 index also rose. The yield on U.S. 10-year government bonds has climbed …

Display the logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok on the computer screen. Denis Charlet AFP via Getty Images Is it time for a hyped ETF? Measuring the buzz of stocks mentioned in social media is very popular. Now, there is an exchange traded fund for this trade. Van Eck Vectors Social Emotion ETF (BUZZ) selected 75 stocks …

Let’s take a look at some of the biggest movers in the former market: Okta (OKTA)-Okta fell 10.5% in premarket trading after announcing the acquisition of customer management software provider Auth0 for $6.5 billion in stock. The identity management software provider also reported quarterly earnings of 6 cents per share, while the market generally expected a loss of 1 cent …