Business News
President Joe Biden’s administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup automaker struggled to become profitable. It’s unclear whether the administration can complete the loan before Donald Trump becomes president again in less than two … Read more
Zomato CEO and founder Deepinder Goyal has opted to extend his salary waiver for another two years, according to the company’s Qualified Institutional Placement (QIP) report. Goyal has decided to forgo his salary until March 31, 2026. The food delivery company’s FY24 annual report noted that Goyal had initially waived his salary for 36 months … Read more
A 65-year-old woman reviews her plan for retirement. SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. If you’re in your mid-60s and still working, it may be time to start seriously planning for retirement. That doesn’t mean you need to leave work immediately, but retirement is likely … Read more
MediWound GAAP EPS of -$0.98 misses by $0.53, revenue of $4.35M misses by $1.66M
Former JPMorgan Chase chief economist Anthony Chan reacts to Kamala Harris saying it will be her ‘Day One priority’ to bring down prices despite already being in office on ‘Varney & Co.’ A critical concern among economists is that President-elect Donald Trump’s proposed blanket tariffs on imports would drive up food prices. Trump campaigned on … Read more
In a recent transaction, Michael Swinford, a director at Lifeward Ltd. (NASDAQ:LFWD), acquired 16,907 ordinary shares of the company. The shares were purchased at a weighted average price of $1.8276, with the total transaction amounting to $30,899. The purchases occurred on November 22, 2024, with prices ranging from $1.79 to $1.87 per share. Following this … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Senior bankers in the UK will receive their bonuses faster and fewer will have to wait several years to receive their payouts under plans set out by the Bank of England on Tuesday. The proposals, … Read more
Hong Kong’s LGBTQ community won a major victory Tuesday as the city’s top court affirmed the housing and inheritance rights of same-sex couples, ruling against the government. The decision comes after a landmark 2023 ruling by the same court shut the door on legalising same-sex marriage, but gave the government two years to set up … Read more
An Indian woman living in Dubai, Anamika Rana, has sparked criticism online after expressing frustration over her maid’s behavior during work hours. In an Instagram video, Rana shared her concerns and asked followers for advice on setting boundaries with her maid. “I just caught my maid on camera. She was slouching on the sofa and … Read more
Billionaire Israel Englander is the founder and CEO of Millennium Management, the second-most profitable hedge fund in history as measured by net gains since inception, according to LCH Investments. That makes him a good case study for investors. Englander sold 4.5 million shares of Palantir (NYSE: PLTR) during the third quarter, reducing his stake by … Read more