Treasury Secretary Janet Yellen on Thursday said the economy needs a large stimulus package to get back on track to the pre-Covid level. Yellen told CNBC that the $1.9 trillion proposal would be...
The United States and China may seem to be the worst of enemies as both economies struggle for world power. With the ongoing trade war between both nations and high import taxes, both economies fail t...
Chipmaker Nvidia on Thursday announced that it is working on releasing a new series of semiconductors for mining ethereum, the second-largest cryptocurrency after Bitcoin.The new chip is called Crypto...
Former PepsiCo CEO Indra Nooyi has called for world economies to invest more in women as a new phase approaches. She said the next 20 years will be “the decades of women” and any economy that want...
Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC on Wednesday said she has growing confidence in Tesla. To support her growing confidence in the elect...
US President Joe Biden has ruled out canceling the proposed $50,000 in student debt cancellation. Instead, he says $10,000 in student loan forgiveness per student is more considerable.“I will not ma...
Credit Suisse on Thursday reported a net loss of 353 million Swiss francs ($392.8 million) for the fourth quarter of 2020.The bank’s fourth-quarter report was better-than-expected although it had a ...
German sportswear company Adidas has unveiled its plans to sell the Reebok brand to help the company step up its competition in the American market. Adidas said further details of its new five-year st...
Warren Buffet’s Berkshire Hathaway (BRK) announced on Tuesday that it acquired an $8.6 billion stake in Verizon Communications (VZ) and $4.1 billion worth of shares in Chevron Corp. (CVX), according...
Elon Musks space travel company SpaceX recently completed a raise of $850 million placing the company’s valuation at nearly $74 billion, sources familiar with the matter told CNBC.SpaceX raised the ...