JOHANNES EISELE/AFP/Getty Images Investors piled the most money into stocks in a single week since 2003 last week as optimism for further growth continues, according to Deutsche Bank. Global equity funds saw $68 billion of inflows, with $53 billion of that flowing into US stocks. Sign up here for our […]
(CNN)Goldman Sachs’ CEO says the bank will strengthen enforcement of its “Saturday rule” and speed up hiring of junior bankers after a group of analysts described “inhumane” working conditions, including 95-hour weeks and instances of workplace abuse. “This is something that our leadership team and I take very seriously,” CEO […]
Steve Jennings/Getty Images Box stock surged as much as 10% on Monday before paring gains. A report from Reuters Monday said the cloud storage company may be open to a sale amid pressure from activist investor Starboard Value LP. Starboard has been edging Box to sell after pushing for a […]
WASHINGTON — The Federal Reserve reported Monday that it earned $88.6 billion in 2020 and paid back to the federal government $86.9 billion, the largest Fed payment to the government in four years. The Fed said that its earnings were up $33.1 billion last year, a gain that reflected falling […]
Getty Images GitHub is investing in tools and educational measures meant to stop developers from accidentally leaking secrets. CSO Mike Hanley told Insider that the firm is continuing to develop existing tools that automatically scan for leaks. The move comes after companies were hacked using publicly available data from their […]
In a major development that helps ease tension in the country’s anti-Covid vaccination campaign, results from the much-awaited U.S. trial of the Oxford-AstraZeneca vaccine confirmed that it is both safe and highly effective. “The AstraZeneca US Phase III trial of AZD1222 demonstrated statistically significant vaccine efficacy of 79% at preventing […]
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Stripe was just valued at $95 billion following a $600 million Series H announced March 14. All signs point to an IPO, but the payments giant continues to shy away from the public markets. Experts say Stripe’s offerings outside of payments may be an effort to diversify revenue before an […]
Dado Ruvic/Reuters Bitcoin could surge to $300,000 but the bubble is likely to pop dramatically, Bobby Lee said. The BTCC exchange founder said the bitcoin price could fall as much as 90% from its peak. Bitcoin has risen around 800% in a year to roughly $58,000 in the latest bull-market […]
Glass shortage in China and the rising prices of imported glass used in finished solar panels have already hit the cost of solar panel imports. The proposed 40 per cent basic Customs duty (BCD) on imported solar cells and modules from 2021-22 onward is likely to increase power tariff by […]
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