Part of the Interior space of the Studio Frantzén restaurant in Harrods. Harrods/JW Howard Dining is not the first thing that comes to mind when consumers think of Harrods—despite its retail Food Hall...
Tag: Business
Crypto Bank Closures to Impact Business in the US
The crypto industry may have weathered the storm, but the aftermath will be significant as they face a de-banking crisis and some uncertain next steps. So, to start with, three banks collapsed in less...
Former FTX exec Brett Harrison thinks banks will compete for crypto business
New banks will compete for business from crypto companies following the demise of Silvergate and Signature bank, former FTX.US president Brett Harrison said. “Previously those banks couldn...
The Business School Whose Courses Compete With Netflix
“When students are at home, we consider our main competitor is not another business school, it’s … [+] Netflix. So our courses need to be as engaging as a Netflix show.” Delphine Manceau –...
Stocks moving big after hours: GTLB, UAL, FRC
GitLab Sopa Images | Lightrocket | Getty Images Check out the companies making headlines after hours. Gitlab — Shares tumbled 36% after Gitlab issued a softer-than-expected outlook. It posted fiscal-y...
Stocks moving big midday: FRC, MRNA, NEM, PRVB
People are seen inside the First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar Mike Segar | Reuters Check out the companies making the ...
SpaceX to test Starlink, T-Mobile cell service this year
Sopa Images | Lightrocket | Getty Images WASHINGTON — SpaceX plans to begin testing its Starlink satellite-to-cell service with T-Mobile this year, an executive of Elon Musk’s company said on Mo...
Mortgage rates tumble in the wake of bank failures
A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% Monday, accor...
Paris Hilton Opens Up About Motherhood, Business And Her Revealing New Memoir
Paris Hilton and her new memoir. Randee St. Nicholas/Kevin Ostajewski In a world today where the phrase “nepo baby” is often used in describing the success of an individual being heavily factored by t...
Charles Schwab moves to reassure investors it has plenty of liquidity and business is performing ‘exceptionally well’
Charles Schwab Corp. SCHW, -19.08% moved Monday to reassure investors that it has plenty of liquidity and does not need to sell any of its held-to-maturity securities over unrealized losses. Chief Fin...
Biden administration urges Congress to ban airline family-seating fees
Passengers wearing protective masks are seen aboard before a JetBlue flight to London at JFK International Airport in the Queens borough of New York City, August 11, 2021. Jeenah Moon | Reuters The Bi...
Rivian wants out of Amazon exclusive agreement for EV delivery trucks
One of Amazons new electric delivery vans from Rivian gets ready to leave the Amazon Distribution Facility on Cyber Monday on November 28, 2022 in Aurora, Colorado. Rj Sangosti | Denver Post | Getty I...
Oscar box office bump is shrinking
Michelle Yeoh in “Everything Everywhere All at Once.” Source: imdb The winner of the best picture award at Sunday’s Oscars may not get a box office bump for taking home the nightR...
As His Real Madrid Career Slows Down, Luka Modric Speeds Up Business From Croatia
Modric has often been a handy substitute in Madrid, with the team aiming to find more consistent … [+] form in pursuit of success this season. DeFodi Images via Getty Images There is something t...
China’s New Premier Shows Pro-Business Side And Vows To Support Private Economy
China’s Premier Li Qiang speaks during a press conference after the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing on March 13, 2023. GR...
Circle Business Operations to Resume Monday Morning: CEO
Godfrey Benjamin Jeremy Allaire assured investors of safety of their funds amid SVB chaos After almost a week of turmoil, Jeremy Allaire, the chief executive officer (CEO) of USDC stablecoin issuer Ci...
Ripple discloses exposure to SVB; not caused business operations disruption
While the future of Silicon Valley Bank (SVB) is still being decided, another crypto player has declared exposure to the failed bank. And, this time around the firm in the headlines is Ripple – a popu...
Auction process is reportedly underway to find a buyer for Silicon Valley Bank
A sign is posted in front of the Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Federal regulators are conducting an auction for Si...
Treasury Secretary Janet Yellen says U.S. government won’t bail out Silicon Valley Bank
Janet Yellen, US Treasury secretary, speaks during a Financial Stability Oversight Council (FSOC) meeting at the Treasury Department in Washington, DC, US, on Friday, Dec. 16, 2022. Ting Shen | Bloomb...
How Wind Can Power the Planet and Aid GE Stock
The puffs of air that sway the grass on a summer’s day, the result of the uneven heating of the earth and its rotation, are one key to reducing humanity’s dependence on fossil fuels. Wind could be key...
After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll
Tech startups and other businesses raced to line up sources of cash for payroll and other immediate needs after their deposits in Silicon Valley Bank, long a linchpin of tech financing, were locked up...
Where Were the Regulators as SVB Crashed?
Silicon Valley Bank’s failure boils down to a simple misstep: It grew too fast using borrowed short-term money from depositors who could ask to be repaid at any time, and invested it in long-term asse...
Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike
The second-largest bank failure in U.S. history might help the Federal Reserve do its job of tightening credit and slowing the economy. To be sure, the sudden collapse of the Silicon Valley Bank unit ...
SoFi CEO Noto makes ‘opportunistic’ million-dollar stock purchase as SVB crisis fuels selloff
As SoFi Technologies Inc. shares fell Friday amid the fallout over Silicon Valley Bank’s collapse, the financial-technology company’s chief executive bought up stock. SoFi Chief Executive Anthony Noto...
Silicon Valley Bank collapse: What should you do if your bank closes down?
Silicon Valley Bank, which helps fund technology startups backed by venture-capital firms, has closed its doors. The California Department of Financial Protection and Innovation made the decision to c...
Bank Stocks Take a Beating. Why Charles Schwab Also Is Getting Slammed.
On Thursday, bank stocks got hammered, and so did shares of brokerage firm Charles Schwab, which dropped 13%. On Friday the pain continued, with Schwab suffering another 6% decline by midday. Wait, wh...
Meet K2 Space, a spacecraft startup leveraging SpaceX Starship
Cofounders and brothers Karan Kunjur, left, and Neel Kunjur. K2 Space A pair of brothers is aiming to challenge the way spacecraft are built, by going against the industry trend and designing massive ...
Astra investigates ‘potential illegal short selling’ as delisting deadline looms
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Spacecraft engine manufacturer and s...
KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks
On a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks and other financial services companies, but Keefe, Bruyette ...