Stock Market
-
Credit Suisse Found to Have Breached U.S. Tax Evasion Agreement, Senate Committee Reports
The U.S. Senate Finance Committee has found that Credit Suisse violated a 2014 plea deal with U.S. authorities. The Swiss…
Read More » -
alls to Pause AI Grow Louder as Elon Musk and Others Warn of Societal Risks
A group of artificial intelligence experts and industry executives, including Elon Musk, have called for a six-month pause in the…
Read More » -
Opening bell on Wall Street sees rise as banking crisis concerns ease
On Wednesday, Wall Street indexes increased due to a decline in worries about stress in the banking sector, and growing…
Read More » -
Meta, Facebook’s parent company, reportedly planning to reduce bonus payouts for certain employees – WSJ
According to an internal memo cited by the Wall Street Journal, Facebook owner Meta Platforms Inc (NASDAQ:META) is set to…
Read More » -
Banking sector stabilizes, leading to higher European stock futures
European stock markets are set to open higher on Tuesday as the region’s banking sector stabilizes. The DAX futures contract…
Read More » -
Australian banks shift focus from global chaos to domestic profits
On Tuesday, Australia’s largest banks reassured investors that the country’s financial sector is unlikely to be affected by the turmoil…
Read More » -
First Citizens to acquire majority of SVB loans; FDIC predicts $20 billion impact on insurance fund
First Citizens Bank has reached an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase most of the loan…
Read More » -
Baidu cancels presentation of ChatGPT competitor, stock prices drop
On Monday, Baidu Inc, a Chinese internet company, canceled a planned livestream for the launch of its AI-driven chatbot, “Ernie…
Read More » -
First Citizens to Acquire Defunct Silicon Valley Bank
First Citizens BancShares Inc has announced that it will acquire the deposits and loans of failed Silicon Valley Bank, marking…
Read More » -
Coinbase: Other countries eager to fill US vacuum
Coinbase has stated that the U.S. government’s strict approach to regulating cryptocurrencies has opened the door for other countries to…
Read More »