The app icons for Revolut and Monzo displayed on a smartphone. Betty Laura Zapata | Bloomberg via Getty Images Financial technology firms were initially the biggest losers of interest rate hikes by global central banks in 2022, which led to tumbling valuations. With time though, this change in the interest rate environment steadily boosted profits…
Microsoft CEO Satya Nadella speaks during an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft Corp., determined to hold its ground in artificial intelligence, will soon let consumers tailor the Copilot digital assistant to their own needs. David Ryder | Bloomberg | Getty Images…
President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and gas investors may not be on board with the plan. “Right now, with low oil prices, I think we’re going to start to see a lot of companies starting to pare back on their capital spending,” said Clark Williams-Derry, an energy finance…
SpaceX’s Super Heavy booster is seen on the launch pad, without the Starship atop, as it is prepared for launch from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. Feb. 27, 2025. Joe Skipper | Reuters Elon Musk’s SpaceX has attained authorization from the Federal Aviation Administration to fly…
Reuters Hampton Dellinger was fired in a one-sentence email this month President Donald Trump’s attempts to shrink the federal bureaucracy are heading to the Supreme Court, according to US media. He has filed an emergency appeal to the country’s highest court to rule on whether he can fire the leader of an independent whistleblowing agency….
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Bank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous…
Lewis Hamilton has crashed his Ferrari during the team’s pre-season testing programme in Spain. The seven-time champion was unhurt after losing control of the team’s 2023 car at the Circuit de Barcelona-Catalunya on Wednesday. Ferrari declined to comment on the incident, which happened on Hamilton’s second day of running at the Spanish track, where he…
Watch: SpaceX loses Starship on test flight The US has grounded SpaceX’s giant Starship rocket while an investigation is carried out into why it exploded during its latest test flight. The rocket’s upper stage dramatically broke up and disintegrated over the Caribbean after launching from Texas on Thursday, forcing airline flights to alter course to…
The Supreme Court did not give TikTok a last minute stay of execution. If the popular social media site is going to continue to operate in the US, it will have to be politicians or businessmen, not judges, who save it. And the politicians – pressed to balance national concerns about China with TikTok’s massive…
Watch: SpaceX loses Starship spacecraft but catches booster on seventh test flight The latest test of Space X’s giant Starship rocket has failed, minutes after launch. Officials at Elon Musk’s company said the upper stage was lost after problems developed after lift-off from Texas on Thursday. But the Super Heavy booster managed to returned to…
