Tag Archives: risk

Tesla ‘knew about the problem well before 2017,’ whistleblower says of alleged solar panel risk

A former Tesla (TSLA) quality engineer turned whistleblower says the electric car maker has known for at least four years that some of its solar panels could catch fire but failed to disclose or fix the problem. On Monday, Reuters revealed that complaints over the alleged hazards filed by the whistleblower are the subject of an ongoing investigation by the U.S. Securities and Exchange Commission. The agency confirmed the investigation in a Sept. 24 letter to the former engineer, Steven… Source link

Read More »

Stocks mostly higher as investors weigh Omicron risk; Bitcoin steadies

Stocks rose on Monday, with investors further weighing the potential impacts of the Omicron variant after last week’s volatile trading. Bitcoin prices edged marginally lower after a weekend sell-off. The S&P 500 and Dow each gained, while the Nasdaq was slightly lower. Small-cap stocks outperformed, and the Russell 2000 added about 1%.  Some encouraging developments about the latest coronavirus variant helped boost risk assets. Dr. Anthony Fauci, director of the National Institute of Allergy… Source link

Read More »

‘Antiwork’ movement may be long-run risk to labor force participation: Goldman Sachs

About 5 million Americans have exited the labor force since the pandemic began. Goldman Sachs estimates that about 3.4 million are likely gone for good due to retirements, meaning that 1.7 million people are open to returning to work. But Goldman said in a note on Nov. 11 that there is a “long-run risk” to labor force participation: a general distaste for work. The bank’s economics team pointed to the reddit thread r/Antiwork, a social media community carrying the mantra “Unemployment… Source link

Read More »

Gmail, Yahoo and Hotmail users warned they are at risk of new scam

Billions of Gmail users across the world are being targeted for their personal details. Users of the popular email service from Google are being warned to keep an eye out for a new scam circulating online. Fraudulent scammers are attempting to collate personal details from users by sending a seemingly harmless message. US security company Barracuda Network warned: “Bait attacks are one technique attackers are using to test out email addresses and see who’s willing to… Source link

Read More »

Elizabeth Holmes’ lawyers will take a major risk if they call her to the stand

A big question is on the minds of jurors, prosecutors, and maybe even Elizabeth Holmes and her defense team, as government lawyers come close to wrapping up their fraud case: Will the fallen Silicon Valley entrepreneur take the stand to defend herself? There’s no easy formula to arrive at a decision, criminal trial attorneys tell Yahoo Finance, though some critical considerations are bound to weigh in. “The biggest risk that you can take at trial as a defense lawyer is to call your client… Source link

Read More »

Pfizer says antiviral pill cuts risk of severe COVID-19 by 89% – Yahoo Money

By Deena Beasley    Nov 5 (Reuters) – A trial of Pfizer Inc’s experimental antiviral pill for COVID-19 was stopped early after the drug was shown to cut by 89% the chances of hospitalization or death for adults at risk of developing severe disease, the company said on Friday.    The results appear to surpass those seen with Merck & Co Inc’s pill molnupiravir, which was shown last month to halve the likelihood of dying or being hospitalized for COVID-19 patients also at high risk of serious… Source link

Read More »

Google to give security keys to ‘high risk’ users targeted by government hackers – TechCrunch

Google has said it will provide 10,000 “high-risk” users with free hardware security keys, days after the company warned thousands of Gmail users that they were targeted by state-sponsored hackers. The warning, sent by Google’s Threat Analysis Group (TAG), alerted more than 14,000 Gmail users that they had been targeted in a state-sponsored phishing campaign from APT28, also known as Fancy Bear, said to be made up of operatives of Russia’s GRU intelligence… Source link

Read More »

Recent Climate-related disasters should be ‘the exclamation point’ for climate risk

U.S. Energy Secretary Jennifer Granholm said Monday, extreme weather events this summer have elevated the urgency with which the Biden administration tackles the climate crisis. But, with less than two months to go until the UN Climate Change Conference (COP 26), she said the administration has no plans to boost its ambitions to slash greenhouse gas emissions in half from 2005 levels, by the end of this decade. “The fact that one-third of the country has experienced an extreme climate… Source link

Read More »

Here’s the biggest risk from the Evergrande crisis, says Goldman Sachs

The biggest fear investors should have with the crisis gripping overly indebted Chinese real estate developer Evergrande is global contagion, argues Goldman Sachs.  “The danger is precisely the contagion effect, should a default occur without clear ‘ring-fencing’ of spillovers to other parts of the real economy or financial sector. Events over the past week suggest risks of inching toward that direction,” said Goldman Sachs Hui Shan in a research note on Monday.  Shan points out that he is… Source link

Read More »

Morgan Stanley Sees Growing Risk of 20% Drop in S&P 500

(Bloomberg) — A plunge of more than 20% in U.S. stocks is looking more like a real possibility, according to Morgan Stanley strategists led by Michael Wilson. Most Read from Bloomberg While it’s still a worst-case scenario, the bank said that evidence is starting to point to weaker growth and falling consumer confidence. In a note on Monday, the strategists laid out two directions for U.S. markets, which they dubbed as “fire and ice.” In the fire outcome, the more optimistic view, the… Source link

Read More »