Tech-Heavy Markets See Enormous Outflows In Asia
Foreign selling is rising in the tech-heavy markets in Asia as investors move away from risk assets due to concerns about the cost of borrowing, the economic impacts of the…
Pension Funds Have Suffered In The First Quarter
US pension funds have shown their worst performance since the beginning of the COVID pandemic. According to data firm Investment Metrics, pension funds have shown a median loss of 5%…
TSMC And Intel Are Fighting To Hire Talent In Arizona
Semiconductor companies are confronting a tight labor market in Arizona as the US attempts to incentivize chipmakers to bring production back to the US. One report in Nikkei Asia details…
Raytheon Teams With Lockheed and Kongsberg On $400 Million In US Missile Contracts
Raytheon has won over $400 million in US missile contracts, in conjunction with various industry partners. In one contract, Raytheon will be joining with Lockheed Martin to fulfill two Army…
Elon Musk Says A Reession Is Needed Because Bankruptcies Need To Happen
When someone on Twitter asked Elon Musk if he thought there would be a recession, Musk replied, “Yes, but this is actually a good thing. It has been raining money…
BoA Says It Is Not Getting Into Crypto Soon
When Bank of America CEO Brian T. Moynihan was asked at the WEF if BoA would make any major moves into Crypto, he responded with a terse, “No.” He went…
Bolt Lays Off Nearly A Third Of Its Staff
Bolt, the San Francisco startup devoted to payment services, noted in a letter to staff that it laid off about 250 of its 900 employees to, “secure our financial position,…
Cruise Lines Are Reducing Operations Amid Hiring Difficulties
Amid difficulties hiring back crewmembers after the crushing effects of COVID-19 on the cruise industry, cruise lines are scaling back operations and services. This is leaving some cruise customers with…
Victoria Greene Says We Have Not Hit Bottom
Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth gave an interview to Bloomberg in which she tempered expectations of a stock rebound, and talked energy.…
Pfizer’s Paxlovid Reconsidered For Lower-Risk COVID Patients
Doctors are having second thoughts about using Pfizer Inc’s COVID-19 antiviral pill Paxlovid in lower risk patients. Their reconsideration comes after a US Public Health Agency issued a warning about…
