Silicon Valley Bank, one of the most prominent and influential banks in the technology industry, is reportedly up for sale in an ongoing auction process. The bank has been a key player in the tech industry since its founding in 1983, providing banking services to startups and established companies...
Read moreThe sudden failure of SVB, a financial services company that catered to small and medium-sized businesses, has left many companies in a difficult position. With SVB's unexpected collapse, businesses are scrambling to fulfill their payroll obligations and settle outstanding bills. SVB, also known as Silicon Valley Bank, had built...
Read moreMeta, the social media giant formerly known as Facebook, is reportedly considering a new round of layoffs that could be on the same scale as last year's. The move comes as the company looks to reorganize its operations and shift its focus towards the metaverse. Last year, Meta laid...
Read moreOn March 10th, 2023, Asia stocks experienced their worst day in five months, with major Asia stocks indexes such as the Nikkei, Hang Seng, and Shanghai Composite all suffering significant losses. The reason behind this downturn can be attributed to the financials slide prompt. Financials refer to companies that...
Read moreThe world of cryptocurrency is always unpredictable, and sometimes it can be volatile. Recently, we witnessed one such event when Bitcoin, the world's most valuable cryptocurrency, took a steep dip in its value. As a result of Crypto flash crash, several exchanges, including the popular cryptocurrency exchange, Huobi, suffered...
Read moreTikTok, the popular short-form video app, has announced a major investment of $1.3 billion investment to establish safeguards in Europe. The move is aimed at addressing concerns over data privacy, security, and content moderation, and is part of TikTok's broader efforts to build trust with users and regulators around...
Read moreThe recent Adani controversy has brought the spotlight on the significant amount of money flowing through Mauritius. The Adani Group, an Indian multinational conglomerate, has been accused of using the offshore financial center of Mauritius to evade taxes in India. The controversy has led to calls for greater scrutiny...
Read moreMorgan Stanley, one of the largest investment banks in the world, has recently released a guide for tech investors navigating the end of the current bear market and the beginning of the next bull market. The guide provides insights into the current market conditions and strategies for investors to...
Read moreAmazon, the world's largest online retailer, has announced its plans to close eight of its Go convenience stores, the latest effort in the company's ongoing campaign to reduce costs. The move comes as Amazon continues to shift its focus away from brick-and-mortar retail and toward other areas, such as...
Read moreEquities in Asia are on the rise, as investors appear to be optimistic about the prospects for economic growth in the region. However, this positive trend is tempered by China's decision to set a conservative goal for growth target. According to a report by Reuters, China's government is looking...
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