Author: News Room
A British technology start-up which had promised to build the world’s first space plane is in last-ditch talks to secure new financing after two of its backers wrote down the value of their investment. Reaction Engines, which was founded in 1989, is in detailed talks with the UAE-backed Strategic Development Fund (SDF), one of its existing shareholders, about a new injection of capital, according to two people familiar with the situation. The SDF led a £40mn funding round in January last year. The British start-up is also backed by several aerospace giants, including BAE Systems and Rolls-Royce, as well as financial…
Qualcomm (NASDAQ:QCOM) continues to be in a correction mode after hitting a June peak of over $225. The stock is currently trading at over 20% below the recent peak despite beating revenue and earnings estimates in the recent earnings. However, the stock is quite cheap when we look at some of the key tailwinds in various business segments. The automotive business reported an 87% YoY growth and has seen good growth projections for the future as the auto industry tries to build “smarter cars”. The IoT segment reported an 8% YoY decline in revenue, but new XR categories like Meta’s…
When British rock band Oasis announced a reunion tour this week there was a predictable frenzy for tickets to the 17 dates. Perhaps also predictably, there have been complaints and frustration with the ticket-buying process due to heavy demand. Tickets went on general sale on Saturday at 9 a.m. GMT and it didn’t take long for social media to start fuming about inflated prices, long waits and error messages from ticketing company Ticketmaster. “‘In demand standing ticket’ is just a standard standing ticket except double the price,” Darragh Moriarty, a city councilor in Dublin, posted on X, formerly known as…
For over 100 years, Hollywood has transported audiences to worlds outside their own, from the slick streets of New York City to the yellow bricks of Oz. Hundreds of acres of land in Los Angeles are dedicated to crafting stories for the biggest and smallest screens, and movie studios are offering more ways than ever for cinema lovers to get a behind-the-scenes peek at how — and where — the magic is made.”Touring the studios, being able to go where this stuff happened, to be in the physical space of all these things that for over 100 years now people have…
Growing up, Payton Martin’s family went on a lot of cruises and she became fascinated with them. The now 23-year-old Oklahoma native says back then she’d dreamed about working and living on one.”I always wondered about what the guests don’t see and what was going on behind closed doors,” Martin tells CNBC Make It.Fast forward to the summer of 2021, Martin was getting ready to go on yet another cruise with her family. This one had been rescheduled several times because of the COVID-19 pandemic. Martin’s experience on that trip made her realize that if she was ever going to…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.500% as of August 1, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Seemingly everyone agrees there’s a retirement crisis – everyone, that is, except for retirees themselves. In an April Wall Street Journal article, I noted that 86% of seniors in a Federal Reserve survey described their financial situation as either “doing okay” or “living comfortably.” Just 3% said they were “finding it difficult to get by.” That sure doesn’t look like a retirement crisis. But two well-regarded economists take issue with how to interpret these figures. In the process, they started what I think is a useful discussion about retirement security – a topic that is front of mind for millions…
Donald Trump’s legal team is asking to delay sentencing and any other substantive actions in the hush money case while a new effort to move the case to federal court plays out, according to a letter obtained by CNN. The request to New York State Supreme Court Judge Juan Merchan cites special counsel Jack Smith’s move this week to secure a new indictment against Trump in the federal election interference case that tailors the allegations in light of the Supreme Court’s immunity decision. The superseding indictment, Trump’s lawyers say, helps the former president’s argument for a dismissal in the New York case. “Those prosecutors’…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Goldman Sachs is preparing to cut a few hundred employees as part of an annual review process that targets staffers who are deemed underperformers, according to a person familiar with the matter.The cuts, which are expected across the bank, could start in the next few weeks. They are anticipated to take a few months to complete, according to the person who has been briefed on Goldman’s plans.Goldman had 44,400 employees worldwide at the end of June. The annual performance reviews, which tend…
Bonterra Energy Corp. (OTCPK:BNEFF) reported results that held up rather well because oil sales dollars now dominate the results. If natural gas prices recover as expected, then this former natural gas producer will definitely benefit. But the future is becoming more and more attached to oil. This continues the discussion that began with the last article. The difference is that now a natural gas pricing recovery appears to be a certainty in the near future. That would give this company extra money to repay debt which would lower the debt ratio. An initial dividend may be in the intermediate future…
