Stumbles for Embattled Solar Firm SunPower End in Bankruptcy

Aug 6, 2024 | Markets

Company had replaced its CEO this year, restructured High rates and California subsidy changes have dragged sector After a drawn-out saga involving a restructuring and a management shakeup, one of the most prominent names in US solar, SunPower Corp., has now filed for...

Abnormal Security Clinches New Funding at $5.1 Billion Valuation

Aug 6, 2024 | Markets

Abnormal Security Corp. raised $250 million in a funding round valuing the startup at $5.1 billion, highlighting investors’ appetite for AI companies trying to reinvent existing technology categories like security. San Francisco-based Abnormal uses AI to protect...

Treasury Rally Ignites Debate on How Fast Fed Needs to Cut

Aug 6, 2024 | Markets

Two-year yield dipped below 10-year for first time since 2022 Traders are pricing in risk of a cut before September meeting A major rally in the $27 trillion Treasury market is laying bare anxiety that the US economy is sliding into recession and the Federal Reserve...

Commodities Face Contagion as Global Market Meltdown Deepens

Aug 5, 2024 | Markets

Losses in copper and crude underscore worries over growth Investors bail on profitable gold trades to cover other losses Commodities from copper and gold to crude oil tumbled, while paring back some of the losses, as global economic malaise dimmed the outlook for...