America’s status as the world’s greatest power will end for the same reason as its predecessors – weighed down by a mountain of debt that politicians see fit to ignore, historians have warned. And the United States’ century at the helm may be coming to an end sooner than expected with countries in Asia increasingly … Read more
Fisker is just days away from Chapter 11 bankruptcy, and the battle for its assets has already heated up, with a lawyer claiming the startup has been liquidating assets “outside of the court’s oversight.” At issue is the relationship between Fisker and its largest secured lender, Heights Capital Management, a subsidiary of financial services company … Read more
French President Emmanuel Macron’s decision to call snap elections later this month has awakened investors to his country’s chronic financial woes, raising alarm that a new, free-spending French government will only make things worse. Markets were rattled by Macron’s election gamble, which followed an unexpectedly strong showing by the far-right National Rally in the June … Read more
(Bloomberg) — Wall Street’s massive options expiration not only made stock traders more cautious, but also sent one of the bull market’s leaders on a rollercoaster ride. Volume increased at the close of trading. Most Read by Bloomberg An estimated $5.5 trillion expired during the quarterly event known as the “triple witch” in which derivatives … Read more
A Virgin Atlantic pilot has been sacked on the spot after airline bosses discovered she was moonlighting and working for another airline on her days off. First officer Danica Theuma flew for Virgin, which operates a strict long-haul network. Unbeknownst to the company, she was piloting planes for KM Malta Airlines which flies to 17 … Read more
Larger / Dr. Peter Marks, Director of the Center for Biological Evaluation and Research within the Food and Drug Administration on March 18, 2021 in Washington, DC. The Food and Drug Administration (FDA) on Thursday announced expanded approval for a gene therapy to treat Duchenne muscular dystrophy (DMD) — despite the fact that it failed … Read more
The head of NJ Transit said he’s holding Amtrak’s “feet to the fire” to ensure brutal weekday train delays don’t plague riders all summer — even as the two agencies trade blame for some of the problems. On Friday, service in and out of New York’s Penn Station was halted for hours during the morning … Read more
Ark Investment Management operates eight exchange-traded funds (ETFs) that invest primarily in innovative technology stocks. Last year, Ark CEO Cathie Wood said that software companies will be the next big opportunity in artificial intelligence (AI), predicting that they could generate $8 in revenue for every $1 spent on chips by suppliers like. Nvidia. Ark’s ETFs … Read more
With billions of dollars in trade at stake, China and the European Union have agreed to engage in talks to try to resolve an escalating dispute over tariffs. China’s Commerce Minister Wang Wentao and Valdis Dombrovskis, the European Union’s trade commissioner, will hold discussions on the European Union’s plan for tariffs on electric cars from … Read more
The Food and Drug Administration on Friday approved the first menthol-flavored e-cigarette products, drawing swift criticism from some public health advocates as it signaled that the agency believes the vapors can help adult smokers quit. The decision comes as the FDA faces growing criticism for failing to curb illegal but widely available flavored vaping products … Read more