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technology

Watch new ISS solar array unfurl in space

Two American astronauts successfully completed a spacewalk at the International Space Station (ISS) on Saturday, December 3. NASA’s Josh Cassada and Frank Rubio spent just over seven hours outside the orbital laboratory before concluding their spacewalk at 2:21 p.m. ET. This was only the second spacewalk for both astronauts, following the pair’s first one on […]

business

Bankman-Fried says he will testify before US House committee

FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The US House Financial Services Committee plans to hold a hearing in December to investigate the collapse of FTX and […]

Stock exchange

Saudi crown prince set to invest in Credit Suisse’s new investment bank

Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s BCS, -0.89% former chief executive are among investors preparing to invest $1 billion or more into Credit Suisse’s CS, +9.39% new investment bank, people familiar with the matter said.  Crown Prince Mohammed bin Salman is considering an investment of around $500 million to back the […]

Stock exchange

American Shipping: A Look At This Shipping With 10%+ Yield (OTCMKTS:ASCJF)

shaunl Dear readers/followers, This won’t be my first time writing about or following smaller shipping companies like AMSC ASA (OTCQX:ASCJF). I’ve invested somewhat successfully, though not always, in businesses like Ocean Yield (no ticker). These business models and operations require understanding before investing because on paper they often look “too good” to be true. Indeed, […]

trade

Further reading | Financial Times

The last time Credit Suisse made weekend news, an all-staff memo had caused it to become a meme stock. Communications around the bank’s rescue rights issue seem to be much more co-ordinated. Bob Diamond and Crown Prince Mohammed bin Salman are interested in backing Credit Suisse’s investment bank spin-off, according to weekend reports. Prince Mohammed […]

trade

CBI warns that UK is about to fall into year-long recession

The UK will fall into a year-long recession in 2023 as the “stagflation” combination of rising inflation, negative growth and plummeting business investment weighs on the economy, according to Britain’s largest business group. The CBI warned on Monday that gross domestic product would fall by 0.4 per cent in 2023, a downgrade from its previous […]