Author: Press Room
Elon Musk’s firm Neuralink said it’s successfully implanted a brain chip in its first human patient.The company has faced years of regulatory hurdles and controversy over animal testing.Here’s a look back at the company’s biggest milestones and challenges. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk’s futuristic company Neuralink has implanted a brain chip into its first human patient.Musk said the unidentified patient has fully recovered and can control a computer mouse with their mind.While the tech may feel like something straight out of “Black Mirror,”…
Introduction and thesis Brilliant Earth Group (NASDAQ:BRLT) is a leading retailer of ethically sourced fine jewelry, specializing in engagement rings, wedding bands, and other diamond and gemstone jewelry. Founded in 2005 and headquartered in San Francisco, California, the company is committed to sustainability, social responsibility, and transparency in the jewelry industry. Brilliant Earth offers a wide range of products, including conflict-free diamonds, recycled precious metals, and ethically sourced gemstones. BRLT BRLT has developed well during the last 5 years, albeit remains a small fish in a large ocean. The company has a long way to go before we can confidently…
I wanted to take this opportunity to say thank you personally for all the wonderful messages of support and for your understanding whilst I’ve been recovering from surgery. It has been an incredibly tough couple of months for our entire family, but I’ve had a fantastic medical team who have taken great care of me, for which I’m so grateful. In January, I underwent major abdominal surgery in London. And at the time, it was thought that my condition was noncancerous. The surgery was successful. However, tests after the operation found cancer had been present. My medical team therefore advised…
GOP Rep. Mike Gallagher of Wisconsin will resign from Congress early, handing another blow to Speaker Mike Johnson and his razor thin Republican majority. In a statement, Gallagher confirmed he will resign effective April 19. Gallagher did not include a reason for stepping down but said he came to the decision after “conversations with my family.” The House already has three vacancies – left by two Republicans and one Democrat – and Republican Rep. Ken Buck of Colorado has said he will leave Congress after this week. Once Buck and Gallagher leave, Johnson will be down to a 217-to-213 majority,…
By Francois Murphy VIENNA (Reuters) – The United States called on Iran on Wednesday to dilute all of the uranium it has enriched to up to 60% purity, close to the weapons-grade level of roughly 90%, in a statement denouncing many of Tehran’s recent nuclear moves. The International Atomic Energy Agency said in a confidential report to member states last week that Iran’s stock of uranium enriched to up to 60% had fallen slightly in the past quarter as it had diluted, or “downblended”, more of its most highly enriched material than it had produced. Iran still has enough of…
By Shankar Ramakrishnan (Reuters) – The U.S. market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates. Holders of these bonds, called junior subordinated debt, are among the last to be paid in case of a default and companies can defer interest payments. The reward for such high risk is yields that exceed those of senior bonds, for maturities of up to 40 years, though issuers typically call, or redeem, the…
It is election season. This is a time when the question of whether people are materially better off than they were four years ago comes up. Comparing March 2024 to March 2020, when a once-in-a-century pandemic broke out, the answer is obviously a resounding yes. But, even considering the winter of 2024 relative to the months before the pandemic shows a stronger and more stable economy that delivered better material well-being for American families now than was the case back then. Job Stability Is More Pronounced Than Before The Pandemic The labor market experienced a very rapid recovery due to…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks were mixed Friday after four straight days higher. The Dow was on track for its top weekly performance of 2024. The S & P 500 and Nasdaq were also poised for strong weekly gains. Jim Cramer described the run as “amazing,” citing the extra boost the market got from the Federal Reserve signaling Wednesday that it still expects three interest rate cuts this year. He cautioned, however, that investors should not speculate too…
Check out the companies making headlines in midday trading. Nike — The sneaker brand fell nearly 8% after the company gave a soft outlook for the full year and reported that sales in China have been slowing . In its latest quarter, Nike reported beats on the top and bottom lines. Lululemon — The athleisure company plummeted 16% after posting weaker-than-expected guidance as demand slows in North America. Separately, Lululemon beat earnings and revenue expectations for its fiscal fourth quarter. Reddit — Shares of the social media platform shed 2% a day after its initial public offering. On Thursday, Reddit…
Donald Trump is now more likely than ever to make a Wall Street comeback — and that has escalated the meme-trading frenzy surrounding the former president. Shareholders of Trump Media, the parent company of Trump’s social media platform, Truth Social, voted Friday to approve a merger with Digital World Acquisition Corp, a blank-check company whose purpose is to raise funds for private companies and take them public. In anticipation of its merger with Trump Media, shares of DWAC popped more than 100% this year. Trading has embodied the same kind of frenzy shown in Tupperware’s stock surge last July, or that of meme…
