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Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push Source link
A Spacex Flacon 9 rocket lifts off from Space Launch Complex 40 on June 08, 2026 in Cape Canaveral Space Force Station, Florida.Joe Raedle | Getty ImagesGoldman Sachs has created a new platform to expand its offerings for wealthy clients and family offices who increasingly want direct stakes in fast-growing private companies, CNBC has learned.The new group, called the alternative investments platform, combines Goldman’s existing alternatives business with two newly established teams, according to a memo seen first by CNBC.The new teams focus on direct investments in individual private companies, rather than broader private equity funds, and on helping clients…
John Healey’s elevation to the second most important job in government has delighted senior figures in the Ministry of Defence, who are relieved to have someone in the Treasury who is committed to increasing military spending. “It’s brilliant for us,” said an insider.Yet the same MOD source is also relieved Healey is not returning. “We were dreading him coming back”, they said. “He’s a difficult person”.Even some senior Conservatives think Healey’s appointment as chancellor was clever. “For a number of reasons”, explains one former Tory cabinet minister. “He’s not Ed Miliband, he’s hard to attack, and he’s Treasury-literate.” Healey served…
Joe Raedle | Getty ImagesThe S&P 500 has barely moved in five days, but crypto assets are gaining some momentum in the background. Bitcoin jumped on Tuesday to hit its highest level since mid-June.Could this be the comeback crypto bulls have been waiting almost a year for? Options traders in stocks tied to the digital asset class seem to think so, piling into calls in the iShares Bitcoin Trust ETF (IBIT), Michael Saylor’s Strategy, and most of all – trading platform operator Coinbase Global.Stock Chart IconStock chart iconCoinbase shares in the past dayShares of Coinbase rallied roughly 11% to trade…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.As the EU tries to agree a 21st package of economic sanctions against Russia, unity is fraying. Half a dozen capitals have demanded carve-outs or blocked measures in an effort to protect corporate champions or national economic interests. With Russia on the back foot in the four-and-a-half-year conflict and Ukraine gaining an edge — challenging President Vladimir Putin’s belief that he could always outlast Kyiv and its allies — this is not the moment to lose resolve. Doing so risks snatching defeat…
Secretary of Health and Human Services Robert F. Kennedy, Jr., speaks during a press conference at the Health and Human Services headquarters in Washington, D.C., U.S., Feb. 23, 2026.Nathan Howard | ReutersHealth and Human Services Secretary Robert F. Kennedy Jr. on Tuesday said that the ongoing outbreak of cyclosporiasis is “under control.””We’ve identified the source of the outbreak, and the companies that are involved have implemented a recall,” Kennedy said, responding to questions during a news briefing about health care fraud. The Food and Drug Administration and the Centers for Disease Control and Prevention, both under Kennedy’s purview as HHS…
By Sinéad Carew and Ragini Mathur July 21 (Reuters) – Wall Street’s main indexes rose on Tuesday, as a steep rally in semiconductor shares helped shift the focus away from the latest Middle East hostilities and tariff battles, while investors looked ahead to major technology earnings reports for clues on the future of the AI trade. Gains in recently battered semiconductor stocks provided huge support for the main U.S. stock indexes and the climbed 5.5%. The latter is on track for its second consecutive advance after ending Friday more than 20% below its late-June record high, confirming a bear-market decline. …
Since its 2022 launch, the Steam Deck has consistently been at or near the top of the company’s “top selling products by revenue” charts, with brief dips outside of the top 10 treated as newsworthy events. But sales of the popular handheld gaming PC have apparently been on a steep decline since the system relaunched at a higher price in May. Linux-focused gaming site Boiling Steam breaks down the historical data, showing how the Deck’s chart position has fallen from fifth place immediately after orders resumed in late May down to 14th place for two weeks in early July (the…
Courtroom sketch of James Patten, left, and attorney Ira Sorkin at N.J. District Court in Camden, N.J., Oct. 11, 2022Source: Elizabeth WilliamsJames Patten, who played a key role in the brazen stock manipulation scheme that led to a publicly traded company that owned a small, money-losing New Jersey deli having a market capitalization of $100 million, was sentenced Tuesday to 21 months in prison.Patten, 67, previously pleaded guilty to securities fraud in the case in U.S District Court in Camden, New Jersey.The North Carolina resident’s co-conspirators, Peter Coker Sr. and Peter Coker Jr., have already served their prison sentences, which…
Clear Secure’s resilient airport franchise is more than a travel business. It serves as the customer acquisition engine powering its broader identity platform and is a competitive advantage. The company’s expanding database of verified users creates a powerful network effect, making each reverification more profitable while supporting accelerating revenue, margin expansion and free cash flow. Despite its transformation, the stock trades at a compelling valuation relative to its growth prospects and could eventually attract strategic acquisition interest. Clear Secure has moved beyond biometric airport screening to become one of the preeminent digital identity platforms that is making verification secure and…