AT&T has set a deal with TPG Capital that calls for the struggling satellite TV provider DirecTV to become a standalone company in which TPG would own a 30% stake. The sides have been in talks for months as...
Leading U.S. cryptocurrency exchange Coinbase identified some unique business risks in its prospectus released Thursday, including competition from decentralized finance (DeFi) and the potential discovery of the real identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Per its prospectus, Coinbase noted that...
Jobless claims fell sharply last week despite severe winter storms that swept across Texas and other parts of the South, the Labor Department reported Thursday. First-time filings for unemployment insurance totaled 730,000 for the week ended Feb. 20, well...
As NASA’s Perseverance rover fell through the Martian atmosphere last week, a video camera on the spacecraft captured the breakneck deployment of its parachute, which was decorated with splotches of reddish orange and white. Those splotches were a secret...
Oil prices rose for a fourth straight session on Thursday to the highest levels in more than 13 months, underpinned by monetary easing policies and lower crude production in the United States. Brent crude futures for April gained 19...
In his testimony with Congress on Wednesday, Federal Reserve Chairman Jerome Powell said that historically, changes in the money supply level have not affected levels in inflation. In response to a questions posed by Congressman Warren Davidson about whether...
Shares of GameStop surged more than 100% on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up. Shares were halted with less than 30 minutes left in the trading day and the stock ended the day...
Microsoft Corp. (NASDAQ: MSFT) co-founder Bill Gates is not bullish on Bitcoin (BTC) and is cautioning others to reconsider such investments — unless they have more money than Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk. What Happened: Gates told...
The Federal Aviation Administration has ordered emergency inspections of Boeing 777 aircraft with engines like the one that exploded on a United Airlines jet last weekend. The Emergency Airworthiness Directive prohibits U.S. airlines who operate planes equipped with the...
Inflation and employment remain well below the Federal Reserve’s goals, meaning easy monetary policy is likely to stay in place, central bank Chairman Jerome Powell said Tuesday. Despite a sharp rise this year in bond yields that has accompanied heightened concern over...
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