Business| Startup | TECH
The tumultuous week for the U.S. banking sector continues to haunt the banks. Just within a week, four different banks have seen a rapid decrease in their stock prices. In most recent outcomes a renowned crypto-friendly bank “Signature Bank” registered on the NASDAQ Stock Exchange (SBNY) has seen a brisk […]
Roku has recently faced a backlash from investors revealing its exposure to the Silicon Valley Bank. This has caused a major setback for the company as its shares have moved downwards. The entire past week has been nothing less than a shocker for the entire stock market because of the […]
Tesla’s consistent run comes to end after its price decreased and market experts downgraded the company’s stock from buy to hold. Apart from Tesla, the shares of some other top companies were down. For instance, big names such as Etsy and KB Home were downgraded twice depending on their price. […]
Meta has made an announcement about laying off more employees after announcing a major layoff in November 2022. The company wants to proceed with its restructuring plan and has to cut costs, which it is attempting to achieve by laying off extra resources. Meta to Layoff 10k Employees As per […]
Suffice it to say that the current bear market has been nothing short of devastating for both investors and companies in the market. And with time, many have continued to worry about when the market will possibly reach the bottom. Most investors are still just sitting on the fence, waiting […]
Finally, after a long wait and a battle with the directors, the Spirit Airlines shareholders have agreed to proceed with JetBlue Airways’ acquisition. Spirit Airlines to be acquired by JetBlue Airways It had been a very long time since the shareholders had been in a battle with the company directors […]
It was on Friday when Wells Fargo posted its earnings for the third quarter. It was not a good sight for the investors as Wells Fargo shared below expectation earnings. As the earnings were weaker, it was expected that the investors would withdraw from making investments in its shares. This […]
On Wednesday, Asia-Pacific markets were mixed in trading, with China’s Shenzhen index leading losses after a negative lead from US markets overnight, and with investors digesting Chinese factory activity data. Asia stocks mixed There was a 1.295% drop in the Shenzhen Component in China to 11,815.79 and a fall […]
On Wednesday, world stocks recorded declines yet again, as expectations of steep increases in interest rates by central banks on both sides of the Atlantic fanned recession fears and soured sentiment. This also pushed prices of oil below $90 per barrel, as demand would fall should there be an economic […]
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