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Monthly Archives: March 2023

Nokia set to launch 4G internet on the moon later this year

Nokia hopes to install a data network on the moon sometime in 2023, an executive told reporters. Thomas Coex | AFP via Getty Images Nokia is preparing to launch a 4G mobile network on the moon later this year, in the hopes of enhancing lunar discoveries — and eventually paving …

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This is not another banking crisis, analysts say — it’s ‘sentiment contagion’ instead

A slogan is written on the sidewalk in front of the global headquarters of Swiss bank Credit Suisse the day after its shares dropped approximately 30% on March 16, 2023 in Zurich, Switzerland. Arnd Wiegmann | Getty Images News | Getty Images The collapse of U.S.-based Silicon Valley Bank, the …

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US-China ties on dangerous path with no trust on both sides: Roach, Cohen

US President Joe Biden and China’s President Xi Jinping (L) shake hands as they meet on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 14, 2022. Saul Loeb | Afp | Getty Images Relations between the U.S. and China are …

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Asia private equity 2022 deals fell 44%; uncertainty ahead

Asia-Pacific’s private equity market plummeted last year — as investors’ appetite for risk fell in the face of inflation and geopolitical tensions, according to Bain & Company. The total deal value for the region plunged by 44% to $198 billion in 2022, the global management and consulting firm said in …

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First Citizens takeover of SVB won’t solve the bank run problem

The Federal Reserve will continue to take interest rates higher as long as the mini-banking crisis drags on, CNBC’s Jim Cramer said Monday. But if a larger bank fails, Cramer said the end to rate hikes would arrive faster, along with “a lot more pain.” First Citizens Bancshares took over …

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How experts say you can have bank deposits above $250,000 insured

Nicoletaionescu | Istock | Getty Images When it comes to bank deposits, $250,000 is the key number experts are talking about in light of recent financial shocks in the banking sector of a severity not seen since the Financial Crisis. That amount is the threshold for which bank depositors should …

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Jay-Z, rap’s first billionaire, is now worth $2.5 billion

Less than four years after becoming the first billionaire rapper, Jay-Z is showing no signs of slowing down. The Brooklyn-born artist’s net worth is now $2.5 billion, according to the latest estimate from Forbes. Jay-Z became rap’s first billionaire back in 2019, with stakes in Armand de Brignac champagne and …

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Here’s the average tax refund through March 17, according to the IRS

Bill Oxford | E+ | Getty Images With the tax deadline approaching, the IRS has issued roughly 54 million refunds worth about $158 billion as of March 17, the agency reported Friday. In January, the IRS warned filers that refunds may be “somewhat lower,” and so far, the prediction has …

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Remodeling? These home projects offer the best return on investment

Even when they don’t buy a fixer-upper, most people will end up doing some amount of repairs on a new home. About 95% of homeowners said they plan to take on a major home improvement project in the next five years, according to a recent report by Real Estate Witch. …

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Deep seabed mining in international waters: Deadline pushes rulemaking

These three vessels, owned by The Metals Company’s strategic partner Allseas, are seen here performing a pilot nodule collection system trial and environmental monitoring program for The Metals Company. Photo courtesy The Metals Company. Photo courtesy The Metals company The debate over collecting minerals from the bottom of the deep …

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