Financial

Signature Bank shut down by regulators

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...

Silicon Valley Bank customers granted full access to deposits

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...

Silicon Valley Bank (SVB) collapses

Silicon Valley Bank (SVB) was closed down by the California Department of Financial Protection and Innovation because it ran out of money, and a...

Amazon to report slower growth for fourth quarter

According to some analysts, AWS' growth will slow across the whole of 2023, with Q4 showing a 22% increase. The analysts expect Amazon to...

Intel records $8 billion loss in market value

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...

Microsoft records slowest quarterly sales in six years

Microsoft reported its slowest growth in six years and warned that a broader slump would continue as consumers and businesses cut back on spending,...

NASA overspent $15 million on unused Oracle licenses amidst audit fear

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...

Logitech records low sales and drop in stock

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...

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