Author: Press Room
By Nicole Jao NEW YORK (Reuters) – Oil prices gained about 3% on Thursday to settle at their highest since December after U.S. economic data showed faster-than-expected growth in the last quarter and as tensions in the Red Sea kept disrupting global trade. futures settled up $2.39, or 2.99%, to $82.43 a barrel. U.S. West Texas Intermediate crude gained $2.27, or 3.02%, to $77.36. Geopolitical tensions in the Middle East and the disruption of shipping in the Red Sea corridor remained in focus. Maersk said explosions forced two ships operated by its U.S. subsidiary that were carrying U.S. military supplies…
(Reuters) -Shares of Mexico’s BBB Foods rose 11.4% on their debut on the New York Stock Exchange (NYSE) on Friday, giving the discount grocery retailer a valuation of $2.2 billion. The Mexico City-based company’s shares debuted at $19.50, above their initial public offering (IPO) price of $17.50 apiece. BBB Foods is among many foreign companies that have flocked towards U.S. bourses in recent months, lured by the broader pool of capital and the promise of rich valuations that American markets can afford. The IPO market is looking for a turnaround in fortunes as bets of a soft-landing for the U.S.…
Earlier this week, I wrote of the news that IBM IBM was reopening its defined benefit (DB) plan. Their announcement was noteworthy for two reasons— IBM is known for being a leader and changemaker in retirement funding, and Is IBM’s action a sign of a reversal of the decades-long trend of corporates moving from traditional DB pension plans? I received inquiries on my column questioning whether the changes in IBM’s pension plan were good for employees, so I am writing this follow-up column to provide further perspective. For background, according to recent AON statistics for S&P 500 DB plans, funding…
As a neuroscientist, I’ve spent the last 25 years researching the science of memory. A funny question I get a lot from people is: “Am I just getting dumber the older I get?”I don’t blame anyone for wondering this. Many of us find ourselves forgetting important things with increasing frequency over time.But the good news is that you can prevent those “senior moments” by avoiding four common habits that destroy our memory as we age:1. Multitasking too muchWe rely on an area of the brain called the prefrontal cortex to pay attention to the world around us. Unfortunately, prefrontal function…
Shares of Intuitive Machines jumped in early trading on Friday after the company’s successful first moon landing.Intuitive Machines’ cargo moon lander, “Odysseus,” became the first privately developed spacecraft to land on the lunar surface on Thursday – as well as the first U.S. spacecraft to soft land on the moon in over 50 years.The Houston, Texas company confirmed that the IM-1 mission lander was standing upright and sending data back to Earth.”Odysseus has found his new home,” Tim Crain, Intuitive Machines’ CTO and IM-1 mission director, said from the company’s mission control.Intuitive Machines stock initially ripped 40% higher from its…
Uber driver Damián Reyes was on his second ride of the day in the early hours of Thursday morning when he noticed something strange happening to his AT&T phone. First, his streaming music stopped playing. He restarted his phone, but his ride-sharing app went “completely blank,” he told CNN – all while he had a passenger in the backseat. “I couldn’t work the whole day basically,” he said. “I thought it would probably come back on soon, and I’m just waiting and waiting and waiting.” Left unable to pick up passengers, Reyes, who drives for Uber as his full-time job…
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Last updated: February 23, 2024 09:07 EST | 2 min read Balance, a digital asset custodian based in Canada, has revealed that it has once again achieved $2 billion in assets under custody (AUC) amid the recent recovery in crypto markets. With Bitcoin’s (BTC) value more than doubling over the past year and crossing $1 trillion in market cap, Balance has seen a resurgence in its crypto assets, with clients now exploring new products and offerings, the company said in a recent press release. George Bordianu, the CEO of Balance, acknowledged the challenges faced during the bear market of 2022, which caused the company’s…
In the clubby world of venture capital, layoffs were once a rarity. But as the industry reels from one of its worst years for fundraising in a decade, it’s starting to feel like open season on venture jobs.Firms that had to scale back the size of funds they planned have made cuts. Others are staffing up less quickly and scuttling junior staffers to work at portfolio companies. More still are going out of business. According to about a dozen investors who spoke to Business Insider on the topic of venture’s bloat, the industry is heading for a brain drain of…
Genworth Financial, Inc. (NYSE:GNW) Q4 2023 Earnings Conference Call February 22, 2024 9:00 AM ET Corporate Participants Brian Johnson – Senior Vice President, Financial Planning and Analysis Jerome Upton – Executive Vice President and Chief Financial Officer Tom McInerney – President and Chief Executive Officer Jamala Arland – Executive Vice President, U.S. Life Insurance Conference Call Participants Ryan Krueger – KBW Arthur Tetyevsky – Cantor Fitzgerald Operator Good morning, ladies and gentlemen. Welcome to the Genworth Financial’s Fourth Quarter 2023 Earnings Conference Call. My name is Jenni, and I will be your coordinator today. At this time all participants are…
