Hi, MarketWatchers. Don’t miss these top stories.MacKenzie Scott invites nonprofits to apply for $250 million in funding — the first time she’s asked groups to approach her The billionaire philanthropist has handed out more than $14 billion since her 2019...
Elvis Presley’s private jet, a 1962 Lockheed 1329 JetStar, has seen much better days. After years of carrying the King around the country, it’s essentially been left to rust. But now there’s hope for the plane to get back out...
The intelligence is synthetic. The bullishness it engenders is natural. Generative AI chatbots may allow humans to interact seamlessly with computers. OpenAI’s popular ChatGPT programme has therefore inspired optimism in tech, dispelling gloom around defunct Silicon Valley Bank.Google just launched...
South Korea’s trade ministry said on Wednesday the United States’ proposed rules to prevent $52 billion in chip funding from being used by “countries of concern” will not force recipients to shut down their China factories. The US Commerce...
It’s logical to assume that making a contribution to an IRA account means you’re automatically investing for the future. But there’s a little quirk that could make a huge difference to the millions of people who are rushing to make...
In late 2021, as it teetered on the brink of collapse, EV maker Lordstown Motors was handed a lifeline.As the maker of the Endurance electric pickup was fending off lawsuits, investigations, and cash shortages, it’s future was in doubt until...
Premium Swiss athletic brand On Running has warned that UBS’s acquisition of rival Credit Suisse risks limiting choice for start-ups in the country when they eventually seek to list. Both UBS and Credit Suisse underwrote On Running’s equity when it...
Asia’s major stock indexes rallied on Tuesday as fears of a banking crisis eased following the state-backed rescue deal for Swiss lender Credit Suisse over the weekend. The panic that spread across trading floors on Monday had begun to...
The bankruptcy of Silicon Valley Bank SIVB, , the nation’s 16th largest bank, has rattled global markets. SVB used short-term deposits to finance investments in long-term bonds, stocks, and mortgages — a wager that interest rates wouldn’t rise. Once the...
A Staten Island man has pleaded guilty over a scheme involving nearly $2 million worth of baby formula.Prosecutors said Vladislav Kotlyar, 43, obtained prescriptions and medical records for infants prescribed specialty formula.He forged those records to secure formula, then falsely...
