March 14, 2023 Billionaire hedge fund manager Bill Ackman believes that more banks will fail even if U.S. authorities intervene to restore confidence in the banking system following the failure of Silicon Valley Bank and Signature Bank last more...
March 14, 2023 Regulators ordered the closure of Signature Bank, a New York-based bank, due to concerns about systemic risks that could threaten the U.S. banking system after the bank abruptly ceased operations on Sunday. Furthermore, the Federal more...
March 14, 2023 Customers of Silicon Valley Bank now have complete access to their deposits, after the bank’s failure, thanks to a groundbreaking move by the Biden administration. This move by federal officials comes amid concerns that the more...
March 13, 2023 Silicon Valley Bank (SVB) was closed down by the California Department of Financial Protection and Innovation because it ran out of money, and a failed $2.3 billion capital raise sent its stock crashing. In handing more...
February 3, 2023 According to some analysts, AWS' growth will slow across the whole of 2023, with Q4 showing a 22% increase. The analysts expect Amazon to post sales of $145.8 billion for the three months ended Dec. more...
January 30, 2023 Intel's stock fell more than 9% after the chipmaker reported a significant miss in the fourth quarter of 2022 and forecasted an adjusted net loss of 15% in the first quarter of 2023. The loss more...
January 26, 2023 Microsoft reported its slowest growth in six years and warned that a broader slump would continue as consumers and businesses cut back on spending, while the company deals with a cooling economy and a slowing more...
January 16, 2023 The U.S. National Aeronautics and Space Administration (NASA) invested a whopping $15 million on Oracle software over the last five years, per an audit report, because it did lack a centralized software asset management practice. more...
January 13, 2023 Logitech’s stock dropped after the mouse and keyboard manufacturer missed earnings estimates for the most recent quarter and reduced its sales forecast. When compared to the third quarter of the previous fiscal year, the company's more...
January 5, 2023 Microsoft’s stocks have underperformed in comparison with its big tech peers on U.S. exchanges, with its shares falling 5.3% after UBS analysts declared that the software company faces weakness, particularly in the cloud. UBS downgraded more...
