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Elon Musk's rocket company said its capital expenditures jumped nearly seven times from a year ago. Revenue also rose.
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Volta was only established at the start of this year, and yet it's suddenly a key player in the AI game.
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Suspected Old Trails arsonist Aaron Farinacci contacted over Spokane fires last year, court docs say The Spokesman-ReviewWho is Aaron Farinacci, the man accused of starting the Old Trails Fire? KREMHomes on Five Mile Road still standing, people still on level 3 evacuations KXLY.com'It's all burnt': Spokane wildfire survivors tell their stories USA Today
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Highland Europe has raised its largest fund to date, securing €1.1bn for its sixth vehicle as the growth-stage technology investor looks to capitalise on what it describes as a "transformational" period for European AI companies.
The post Highland Europe raises record €1.1bn Fund VI after year of strong exits appeared first on AltAssets Private Equity News.
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Pfizer said it cut its full-year revenue expectation for its Covid products to $4 billion, down from around $5 billion previously.
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McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.
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Sticky alpine flower confirms Darwin's 150-year-old carnivorous plant prediction Phys.orgIdentification of carnivory in the flowering plant Saxifraga via multidisciplinary evidence NatureDarwin proposed that a type of plant was carnivorous. Scientists finally proved him right CNNDarwin Was Right: These Plants Are Carnivores The New York TimesMountain flower from China joins the world's carnivorous plant club WTVB
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JPMorgan's U.S. economics team says last week's post-decision press conference by Fed Chair Kevin Warsh was the most troubling since the practice began in 2012 as the U.S. banking giant moved forward their call for a rate increase.
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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