Fed Chair Powell says holding rates high for too long could jeopardize economic growth

Federal Reserve Chair Jerome Powell speaks during a House Financial Services Committee hearing on the "Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, U.S., March 6, 2024. Bonnie Cash | ReutersFederal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too...

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Gravitics lands $125 million order from Axiom

A pathfinder for Gravitics' 4-meter space station module design in use for developing manufacturing and assembly methods.GraviticsWashington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in the burgeoning private market for orbiting habitats."Working with the station operator that will...

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Evolve Bank says ransomware gang stole personal data on millions of customers

U.S.-based banking-as-a-service giant Evolve Bank & Trust has said that cybercriminals accessed the personal data of millions of customers during a recent cyberattack. In a filing with Maine’s attorney general on Monday, Evolve confirmed that the personal data of at least 7.6 million people, including more than 20,000 customers based...

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Chemours, Intel, BP and more

Check out the companies making headlines before the bell. Chemours — The chemical company added about 3% after UBS upgraded the company to buy from neutral, saying the stock could outperform as refrigerants see favorable demand and price drivers heading into next year. Nvidia — Shares rose more than...

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