Economy

Virgin Orbit flew its modified Boeing 747 airplane “Cosmic Girl” with the company’s LauncherOne rocket under its wing for the first time on November 18, 2018.Virgin OrbitVirgin Orbit is returning a “small” team to work on Thursday, according to a company-wide email obtained by CNBC, as it aims to prepare for its next rocket launch… […]

Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse’s implosion.Sven Hoppe | Picture Alliance | Getty ImagesGold prices have more room to run as global banks struggle and the U.S. Federal Reserve renders another interest rate decision, potentially breaking all-time… […]

Switzerland has created what they dub “Crypto Valley” in the region of Zug.Nurphoto | Nurphoto | Getty ImagesCrypto firms are scrambling to find institutions to bank with after the collapse of Signature Bank and […]

In 2022, the fintech world took a beating, with some of the world’s most richly valued companies seeing their valuations slashed. But innovation is still happening — with a vengeance.Oscar Wong | Moment | Getty ImagesCNBC and independent research firm Statista are working together to identify the world’s top fintech companies, to be named in… […]

A sign of Credit Suisse bank is seen on a branch building in Geneva, on March 15, 2023.Fabrice Coffrini | AFP | Getty ImagesIn the aftermath of Credit Suisse’s takeover by UBS, many investors lost out.But one group felt particularly left behind: AT1 bond holders, who saw their 16 billion Swiss francs ($17 billion) worth… […]

The Pentagon is taking immediate action to boost critical mineral production in the U.S. and counter China’s dominance of the supply chain for rare earth magnets, a defense official told CNBC on Tuesday. The Defense Department last week agreed to buy a direct equity stake in MP Materials which will make the U.S. government the […]

President Donald Trump on Tuesday said he reached a preliminary trade deal with Indonesia that will set a 19% tariff on the southeast Asian country’s U.S. exports. “We will pay no tariffs. So they are giving us access into Indonesia, which we never had,” Trump told reporters outside the White House. “That’s probably the biggest […]

Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie Dimon says he doesn’t get the appeal of […]

A Rolls-Royce aircraft engine on view during the Hannover Messe industrial trade fair on March 31, 2025. Ronny Hartmann | Afp | Getty Images British aerospace and defense company Rolls-Royce announced it is investing $75 million to expand its engine manufacturing facility in Aiken, South Carolina. The investment will boost output of mtu Series 4000 […]

Mira Murati, Chief Technology Officer of OpenAI, speaks during The Wall Street Journal’s WSJ Tech Live Conference in Laguna Beach, California on October 17, 2023. Patrick T. Fallon | Afp | Getty Images Mira Muratithe former chief technology officer of OpenAI, said Tuesday that her artificial intelligence startup Thinking Machines Lab has raised $2 billion […]