After First Republic’s rescue, US bank stocks fell.
Shares of many smaller banks in the United States have plummeted, as investors fear that the banking crisis that has seized global markets is far from over. The drops come a day after the failure of First Republic, which was…
Arm, the UK chipmaker, has filed for a massive US share listing.
Arm, the British semiconductor design powerhouse, has applied to sell its shares in the United States, paving the way for what may be the largest stock market debut this year. The Cambridge-based company is apparently looking to raise up to…
Investors have sued Adidas over the Kanye West transaction.
Adidas is being sued by investors who allege the company was aware of Kanye West’s troubling behavior for years before they parted ways. Adidas is accused by investors of failing to limit financial losses and take precautionary measures to limit…
The First Republic undertakes a last-ditch effort to secure a rescue deal.
US regulators are scrambling to find a buyer for First Republic Bank, which may be revealed as soon as Sunday. According to reports, the Federal Deposit Insurance Corporation has asked six banks to bid on the troubled institution. First Republic’s…
Federal regulators are racing against the clock to seize and sell First Republic Bank.
Federal regulators are scrambling to take and sell First Republic Bank as soon as this weekend, according to an ABC News source familiar with the situation. A federal government takeover of the troubled regional bank would be part of a…
Flat e-commerce is mitigated by Amazon cloud and ad units.
Amazon’s core e-commerce company may be faltering, but other profit-generating segments are performing admirably. According to the corporation, online sales were flat in the first three months of the year compared to the same period in 2022. However, this was…
Activision Blizzard merger blockage is terrible for Britain, according to Microsoft CEO.
One of Microsoft’s senior executives has spoken out after UK regulators vetoed the software giant’s acquisition of US video game developer Activision Blizzard. According to Brad Smith of the BBC, the move was “bad for Britain” and demonstrated that the…
‘Fast and Furious’ Peru blueberry explosion
“I arrived at this farm without knowing what a blueberry plant was,” Aurelio Ortiz says. Mr Ortiz, an agricultural supervisor, is speaking as he supervises the harvest at Sunberries Field, a blueberry plantation in southern Peru. This blueberry orchard is…
Mini responds to Chinese ice cream racism outrage at the Shanghai Auto Show
Mini, founded in the United Kingdom, has replied to an internet outrage in China accusing it of racism during the Shanghai Auto Show. A video from the occasion appeared to show Mini employees serving ice cream to foreign tourists while…
Netflix discontinues DVD rentals, signaling the end of an era.
Netflix is discontinuing the mail-order DVD program that helped launch the firm, one of several adjustments as the streaming behemoth enters a new age. The company that transformed the entertainment business by transitioning from DVDs to streaming is now battling…
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