October 3, 2022 According to Refinitiv data, the IPO market for U.S. technology companies was the worst since the 2008 financial crisis, owing to a variety of economic factors including stock market volatility, interest rate hikes, and rising more...
August 24, 2022 Big banks face fines of more than US$1 billion for using unapproved messaging tools such as email and apps such as WhatsApp. The list of financial firms and fines already paid or expected to pay more...
July 26, 2022 Advertisers are cutting spending forecast for this year, which is having a negative impact on social media companies as their shares continue to fall. At current prices, Pinterest, Meta, Twitter, Alphabet, and Snap all lost more...
July 19, 2022 Microsoft founder Bill Gates has pledged a US$20 billion donation to his philanthropic fund, and the billionaire also hinted at plans to "drop off" the world's list of the richest people. Bill Gates, the fourth more...
July 8, 2022 Crypto expert and head of one of the world's largest crypto exchanges Sam Bankman-Fried said he and his company still have a "few billion" to support struggling crypto firms. "We're starting to get a few more...
July 4, 2022 The European Union reached a provisional agreement on Wednesday on anti-money laundering rules for cryptocurrencies. This would compel crypto firms to check their customers' identities, as a means of regulating the industry. Opposed by major more...
June 29, 2022 An investigation into a suspicious withdrawal attempt in 2021 found that an attacker had installed skimmers on several Bank of the West ATMs. The ATM skimmer is used to forge clone cards that work like more...
June 22, 2022 Ransomware insurance is slowly gaining prominence in the market as a means to enhance protection against the devastating effects of a ransomware attack. Depending on the vendor, a ransomware policy may cover loss of income more...
May 31, 2022 Research firm MoffettNathanson has lowered its 2025 estimates for top digital companies by double-digit percentages. These platforms include Alphabet, Meta, Snap and Twitter. These platforms rely mainly on advertising to generate revenue, and in 2021 more...
May 3, 2022 Amazon forecast a bleak outlook for the second quarter after the delivery giant faced several challenges that led to higher costs. Amazon forecast second-quarter net sales between $116 billion and $121 billion, below analysts' estimate more...
