business news

RBC top analyst sees comeback

Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy predicts bullishness will make a comeback due to strong revenue growth and optimism surrounding credit. “You can really see people coming back to [bank] the stocks. They’re under-owned,” …

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‘Twitter Notes’ to let you post longer tweets soon

Twitter is finally working on a new feature that will allow users to post long-form content on the platform that currently allows posts with only 280 characters. With ‘Twitter Notes’, the users will be able to create articles using rich formatting and media, which can then be tweeted and shared with followers upon publishing, reports …

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Mark Zuckerberg shows early metaverse headsets Mirror Lake, Holocake

The company formerly known as Facebook said in February that it expects to spend at least $10 billion this year on research and development on virtual reality and augmented reality technologies, including computerized glasses or headsets. On Monday, Meta CEO Mark Zuckerberg showed off how much progress the social media company has made toward that …

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South Korea puts crypto company Terraform Labs’ staff on no-fly list

The collapse of the Terra ecosystem will go down as one of the most painful and devastating chapters in crypto history. Gabby Jones | Bloomberg via Getty Images Several employees of South Korea-based Terraform labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. …

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Naomi Osaka partners with Lebron James to form media company Hana Kuma

Tennis Player, Naomi Osaka poses for a photo with LeBron James #23 of the Los Angeles Lakers after the game on April 4, 2019 at STAPLES Center in Los Angeles, California. Andrew D. Bernstein | National Basketball Association | Getty Images Four-time Grand Slam winner Naomi Osaka is launching a media production company in partnership …

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These are the most oversold stocks in the S&P 500 due for a bounce

Certain stocks have become so oversold during this brutal bear market that they are long overdue to bounce. With stocks on Tuesday snapping back a bit after weeks of big losses, CNBC Pro set to find the stocks most overdue for a rebound. We looked for the shares trading the farthest from their average price …

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