FTX founder Sam Bankman-Fried still faces campaign finance charges, prosecutors say
Federal prosecutors said Tuesday that they are still planning to charge FTX founder Sam Bankman-Fried with campaign finance violations.
EverestLabs is using robotic arms and A.I. to make recycling more efficient
EverestLabs puts 3D depth-sensing cameras on recycling conveyor lines to identify materials, then employs robotic arms to pluck out recyclable packaging.
Morgan Stanley sees 20% upside in this little-known education stock with exposure to Latin America
The Wall Street bank upgraded the company, which has universities in Mexico and Peru, to overweight from equal weight.
Amazon is running a second Prime Day sale in October
The Prime Day sequel comes as retailers are bracing for a downbeat holiday spending season this year.
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Credit card debt 30 or more days late rose to 7.2% in the second quarter, up from 6.5% in Q1 and the highest rate since the first quarter of 2012.
Novo Nordisk shares pop after key trial data shows Wegovy cuts risk of heart attack or stroke by 20%
The results of the trial were seen as a major boost for the firm’s hopes of moving beyond Wegovy’s image as a “vanity drug.”
Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch
Moody’s on Monday cut the credit ratings of a host of small and midsized U.S. banks and placed several Wall Street big names on negative review.
It’s official: Scientists confirm July was the hottest month ever recorded
“These records have dire consequences for both people and the planet exposed to ever more frequent and intense extreme events,” said C3S’s deputy director.
Italian bank shares slide after government surprises with windfall tax
Italian banking shares took a beating on Tuesday after Italy’s cabinet surprised with a 40% windfall tax on lenders’ “excess” profits in 2023.
Champagne sales are booming. But its taste could soon change forever — thanks to climate change
Europe’s soaring temperatures and increasingly volatile weather are sparking fears that France’s Champagne region could become unsuitable for its production.
