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The writer is a space economist and a senior researcher at Harvard Business School’s Institute for Strategy and Competitiveness Space investing in both private and public markets reached dizzying heights last year. In the private domain, Elon Musk’s SpaceX lead the way — and the headlines — with a valuation that reportedly crossed $100bn following

August 2016: the crowd is buzzing, bristling with video-ready smartphones, waiting to catch Candidate Trump’s big entrance. Hard rock is blasting, and a clutch of ecstatic travel agents is waving signs emblazoned “TRUMP,” peppered with clever slogans. They go wild when he takes the stage and promises to end the War on Travel Agents, rejuvenating

Shares in Ericsson fell sharply after Borje Ekholm, chief executive of the Swedish telecoms equipment maker, conceded it could have made payments to terror organisation Isis in Iraq. Ericsson said late on Tuesday that an internal investigation from 2019 had found serious breaches of compliance rules in Iraq including payments for transport routes to evade

European stocks ticked up on Wednesday after US president Joe Biden said there was still “room for diplomacy” to resolve the Ukraine crisis. The regional Stoxx 600 index added 0.2 per cent, having closed 1.4 per cent higher in the prior session. London’s FTSE 100 traded flat, and Germany’s Dax added 0.4 per cent. France’s

If you are in the market for a new car but still owe money on your current one, then you might be wondering how to trade in a car that is not paid off. One key factor is whether the value of your car is higher than the outstanding balance on your loan. Here’s what

Norton Rose Fulbright, one of the oldest UK law firms in Hong Kong, has laid out plans to “pivot to China” as the city comes under increasing pressure from Beijing to align with the mainland. Norton Rose is refocusing its Hong Kong business on work for mainland Chinese companies and banks, according to people at

Rising inflation may drive more families to become Airbnb hosts, its co-founder and chief executive said, as investors raised concerns over limited supply on the lodging platform as demand returns. Airbnb on Tuesday said it expected bookings to rebound to pre-coronavirus pandemic levels for the first time in the current quarter after concerns about the

Buy-Side vs. Sell-Side Analysts: An Overview Much has been made of the “Wall Street analyst,” as though it were a uniform job description. In reality, there are significant differences between sell-side and buy-side analysts. True, both spend much of their day researching companies and industries in an effort to handicap the winners or losers. On

Inflation in the U.S. may not be able to go any higher in the current economic cycle, CNBC’s Jim Cramer said Tuesday on the heels of yet another hot price index report. “I think this is the highest I’ve ever seen these numbers, and they merit attention, they merit what Mr. Bullard said yesterday, and

Prince Andrew has settled a lawsuit brought by Virginia Roberts Giuffre, an accuser of Jeffrey Epstein, who had alleged the British royal sexually assaulted her when she was 17. The settlement was announced in a court filing on Tuesday. Its precise terms were not disclosed, although it will include a “substantial donation” from Prince Andrew

Germany’s chancellor Olaf Scholz is the latest western leader to visit Moscow to explore whether two ceasefire accords brokered seven years ago between Kyiv and Moscow could defuse military tensions and end the war in eastern Ukraine. Brokered by France and Germany in 2014 and 2015 after Russian-backed separatists attacked and occupied territory in the

A private company can raise capital by selling shares publicly to institutional investors and retail investors through a new stock issuance, called an initial public offering (IPO). The advantage of investing in an IPO is that investors get the benefit of picking a potentially underpriced stock early and before brokerages take large stock positions. It’s important for

Glencore expects to resolve bribery and corruption investigations in the UK, US and Brazil this year and has set aside $1.5bn to cover potential fines and costs. News of the provision came as the London-listed miner and commodity trader announced record earnings on the back of soaring prices for its cornerstone commodities and said it

European equities jumped after Russia said it had begun pulling some troops back to their bases following the completion of military drills. The Stoxx Europe 600 share index, which fell almost 2 per cent on Monday, added 0.9 per cent in early dealings on Tuesday. London’s FTSE 100 rose 0.9 per cent, and Germany’s Xetra

It’s no secret that large student loan debt is a problem for many people. Americans collectively owe more in student loans than the gross domestic product (GDP) of almost every country, and that amount is only growing bigger over time. Taking out debt is a solid way to finance a higher education and can even

Accusations of cultural appropriation and biased officiating at the Beijing Winter Olympics are provoking indignation and stirring anti-China sentiment in South Korea. China’s image has taken a battering in South Korea since 2016 when Beijing imposed an unofficial economic blockade on the country after Seoul agreed to buy a US-made missile defence system to counter

Police stand guard at a barricade along the road leading to the Ambassador Bridge US border crossing in Windsor, Ontario © Geoff Robins/AFP via Getty Images The leaders of some Canadian provinces pushed back against prime minister Justin Trudeau’s decision to invoke emergency powers as anti-vaccine mandate protests continue to grip the nation’s capital. Trudeau

Hyperinflation, generally described as a series of rapid, excessive, and out-of-control price increases, is rare in developed countries. That’s because a true hyperinflation has to meet a high bar—an inflationary rate of 1,000% or more per year, according to most economists. The U.S. Federal Reserve System (FRS) says an annual inflation rate of 2% is “most

Artur Widak | NurPhoto | Getty Images The bitcoin narrative could be tested this week as investors monitor tense developments between Ukraine and Russia and weigh the possibility of the Federal Reserve hiking interest rates by 50 basis points, or 0.5 percentage point, in March. The largest cryptocurrency by market capital currency has long been

A trial got under way on Monday in New York federal court for a former Goldman Sachs employee who has been charged in connection with the multibillion-dollar 1MDB scandal. Roger Ng, a former managing director at Goldman Sachs, was arrested in Malaysia in 2018 at the request of US authorities and charged with conspiring to

Businesses face a panoply of perils. Cyber-risks are the worst of all, according to this year’s list of global business threats drawn up by Germany’s Allianz. Attacks are multiplying. The cost of insuring against them is soaring too. It more than doubled in the US in the fourth quarter of 2021 alone, according to insurance

Over the last several decades, automated teller machines (ATMs) have become commonplace, from bank lobbies to shopping centers to gas stations. There are now more than 2.2 million ATMs around the world. As a result of their ubiquity, people casually use these virtual cash dispensers without a second thought. The notion that something could go

Kamila Valieva, the teenage Russian figure-skating gold medallist, can contest the women’s individual event at the Beijing Winter Olympics after a tribunal upheld a decision to allow her to compete while appealing a positive doping test result. The ruling by the Court of Arbitration for Sport on Monday was a victory for the Russian Anti-Doping

Oil prices rose to a fresh seven-year high and European and Asian equities fell on Monday after US officials warned a Russian attack on Ukraine could be imminent. The regional Stoxx Europe 600 index fell 1.9 per cent in early dealings, while the UK’s FTSE 100 declined 1.2 per cent. Russia’s Moex share index fell

RBOB gasoline futures are listed on the Chicago Mercantile Exchange (CME) under the futures symbol RB. Although it does not receive as much investor interest as crude oil futures, the contract serves as an essential vehicle for market participants seeking to speculate and hedge in the gasoline market. Here are four important facts for anyone

It is a bold commentator that tries to predict the conclusion of the diplomatic game of chess that is the Ukraine-Russia border crisis. But the next seven days will produce some significant moves, if not an attempt at checkmate. Perhaps the strangest event of the week will be on Thursday, when Russia, as current head

As Argentina’s president Alberto Fernández backed out of Beijing’s Great Hall of the People, his ambassador delivered a final message to Chinese leader Xi Jinping: “Without the Communist party, there would be no new China!” The jingoistic line — the title of a famous revolutionary song — was received warmly. “Well said, well said,” Xi responded

Cryptocurrencies have experienced significant growth in popularity since they were first introduced in 2009. They are somewhat obscure in nature and difficult to understand; this confusion brings about myths and rumors regarding these digital currencies. In no particular order, here are some of the most common cryptocurrency myths, accompanied by an examination of facts to help

In this article ON SNAP RIOT SPOT LYFT Reuters Investors kicked off 2022 in a swirl of uncertainty, including the Federal Reserve’s move to tighten monetary policy, rising inflation and tension between Russia and Ukraine. Indeed, these factors so unsettled the market, the major indexes ended the prior week firmly in negative territory. Finding long-term

Some of the world’s largest consumer brands have warned of rapidly rising input costs which they are passing on to customers in a bid to protect their profits as surging inflation pushes up households’ expenses. Companies including PepsiCo, McDonald’s and breakfast cereal maker Kellogg all flagged the impact of higher labour, shipping and commodity costs