Dubai Maker of $3.4 Million Supercar Seeks Funds to Go Electric

The maker of a $3.4 million supercar that can hit speeds of almost 250 miles per hour has sensed the time is right to target a wider audience by going electric. Dubai-based luxury carmaker W Motors has hired investment bank Guggenheim Partners to help raise as much as $100 million to back expansion and its […]

Malaysia Economy Grows Least In A Decade

Malaysia’s economy grew at the slowest pace in a decade in the fourth quarter, largely due to the supply disruptions, official data revealed Wednesday. Gross domestic product grew 3.6 percent year-on-year in the fourth quarter, slower than the 4.4 percent expansion seen in the third quarter, data from Bank Negara Malaysia showed. This was the […]

Genentech Says FDA Grants Priority Review To Tecentriq Monotherapy

Genentech, a member of Swiss drug maker Roche Group (RHHBY) said Wednesday that the U.S. Food and Drug Administration or FDA has accepted the company’s supplemental Biologics License Application (sBLA) and granted Priority Review for Tecentriq (atezolizumab) as a first-line monotherapy for certain people with advanced non-small cell lung cancer. The FDA approval is for […]

Chinese Companies Say They Can’t Afford to Pay Workers Now

A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs. To slow the spread of the virus that’s claimed more than 2,000 lives, Chinese authorities and big employers have encouraged people […]

UK cash economy close to collapse, campaigners tell chancellor

The new chancellor, Rishi Sunak, is being urged to include measures to protect access to physical money as part of the March budget, as experts warn the UK’s cash system has edged closer to collapse. Authors of the Access to Cash Review are calling for extra safeguards to support the UK’s cash infrastructure, which has […]

Boy Scouts of America Is Bankrupt, But Not Because It’s Broke

The Boy Scouts of America is bankrupt. On Feb. 18, the 110-year-old congressionally chartered organization — whose members have included Neil Armstrong, Martin Luther King Jr., and four U.S. presidents — filed for Chapter 11 bankruptcy protection in Delaware, citing the mounting legal fees incurred by the 275 sex abuse lawsuits it currently faces and […]

Even NextEra Energy Wants In On Capital Raises

When the value of a stock rises and rises over time, it tends to look and feel good for just about everyone involved. That said, sometimes things have become so rewarding that some companies decide to raise capital after such strong gains. Utility companies may not be the primary targets for selling shares in secondary […]

No Verdict Today In Harvey Weinstein Rape Trial: What Could The Jury Be Thinking?

The jury in the Harvey Weinstein rape trial ended its first day of deliberations today without reaching a verdict. Deliberations will resume tomorrow. Earlier today, the deliberating jury asked New York Supreme Court Judge James Burke questions about the role of actress Annabella Sciorra in the case. Specifically, why the Sopranos actress’ account of rape […]

The reason older generations are happier than millennials

These tips could help you save for retirement better Certified public accountant Dan Geltrude discusses a policy that will change how many Americans save for retirement and gives his saving and investment tips. The key to being happy might be as simple as not working. Continue Reading Below Adults who are 55 years old or older […]

Dear America: Stop Wasting Unused Gift Cards and Credit Card Rewards!

The world of personal finance can sometimes feel nothing short of a mystical monetary jungle. There are many ways to get lost and predators are just waiting to pounce on you. As with the jungle, perhaps the biggest risk is fear, meaning that we are our own biggest risk. According to a new survey from […]