Economy

Alvin Bragg, Manhattan district attorney, during a news conference in New York, April 4, 2023.Stephanie Keith | Bloomberg | Getty ImagesDonald Trump on Friday appealed a judge’s recent denial of his request that his pending New York state criminal case be transferred to federal court.Trump, 77, was indicted in late March by a grand jury… […]

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 […]

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… […]

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… […]

Republican presidential nominee and former U.S. President Donald Trump speaks to the press at Trump Tower in New York City, U.S., September 26, 2024. REUTERS/David Dee Delgado David Dee Delgado | Reuters Donald Trump on Friday called for Google to be criminally prosecuted for what the Republican presidential nominee called the company’s bias toward his […]

A truck picks up a shipping container at the Port of Savannah in Georgia. Paul Hennessy | LightRocket | Getty Images As the International Longshoremen’s Association port workers move closer to a strike at East Coast and Gulf Coast portsthe union is warning that major importers such as LG Electronics, Walmart, Ikea, Samsung, and Home […]

Meta CEO Mark Zuckerberg presents Orion AR Glasses, as he makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters The most impressive aspect of Meta ‘s Orion augmented reality glasses has more to do with size and comfort […]

Omar Marques | Lightrocket | Getty Images Shares of Trump Media closed up 5.58% on Friday, finishing the week at $14.76 per share, after major shareholder United Atlantic Ventures, LLC, sold nearly 11 million shares in the company on Thursday. UAV, an investment partnership of former “Apprentice” contestants Andrew Litinsky and Wes Moss, dumped virtually […]