Business

Fed Knew Silicon Valley Bank Was Vulnerable a Year Before Collapse, Report Finds

An outside review says Fed staff spotted Silicon Valley Bank's flaws a year before its March 2023 collapse but held back for fear of being wrong.
Business Lynn Hatem -

Fed Knew Silicon Valley Bank Was Vulnerable a Year Before Collapse, Report Finds

An outside review says Fed staff spotted Silicon Valley Bank's flaws a year before its March 2023 collapse but held back for fear of being wrong.
Business Lynn Hatem -

NATS Blames Millisecond Software Defect for 2,000 UK Flight Cancellations

National Air Traffic Services said a millisecond software defect caused the six-hour outage that cancelled over 2,000 flights on Tuesday 8 September 2024.
Europe Aarav Shen -

Researchers Ethically Hack OpenAI Using Anthropic’s Claude, Win $6,500 Bounty

Hacktron AI compromised OpenAI staff ChatGPT accounts using Anthropic's Claude and OpenAI's GPT-5.6 Sol, earning a $6,500 bounty under the bug programme.
Business Khaled Ayoub -

Mbappe Leaves Nike for Swiss Brand On, Ending Career-Long Partnership

Kylian Mbappe has ended his Nike partnership to join Swiss brand On, which plans its first football boots next year.
Sports BT Sports And Culture Team -
Latest

China Retail Sales Grow Just 0.6% in July as Investment Slump Deepens

China's retail sales rose just 0.6% in July, missing forecasts, while industrial output slowed and fixed-asset investment fell, underscoring economic weakn

Ferrari’s First Electric Car, the Luce, Sells for Record $40 Million

Ferrari's first fully electric car, the polarizing Luce, has sold for $40 million at auction, far exceeding its original $640,000 list price.

Workday Surges on Report of $51 Billion Silver Lake Buyout Talks

Workday shares posted their best day in a decade on reports Silver Lake is in talks for a buyout valued at up to $51 billion, reviving the software trade.

Nvidia Cuts OpenAI Ohio Data Center Guarantee to $120 Billion

Nvidia has reduced its financing guarantee for OpenAI's Ohio data center to $120 billion, roughly halving a previously reported $250 billion pledge.

Musk’s Memory-Chip Warning Sends Micron Past $1,000 as SanDisk Jumps 8%

Micron shares crossed $1,000 and SanDisk jumped 8% after Elon Musk flagged a memory-chip bottleneck, fueling optimism over AI-driven demand.

Apple Heads for Strongest June-Quarter Sales Growth in Five Years

Apple is on track for its strongest June-quarter sales growth in five years, driven by resilient iPhone demand and its expanding services business.

China Tightens Chip-Design Protection Rules Taking Effect October 15

China has revised its integrated-circuit layout design rules, sharpening infringement penalties and clarifying ownership rights, effective October 15.

Oil Falls to Three-Week Low After Trump Calls Off Iran Attack

Oil prices fell to a three-week low and U.S. stock futures rose after President Trump called off a planned strike on Iran, easing conflict fears.

Wall Street Splits on Circle: TD Cowen Says Buy, Morgan Stanley Says Sell

TD Cowen initiated Circle at Buy while Morgan Stanley cut it to Underweight, exposing a deep Wall Street divide over the stablecoin issuer's valuation.

AstraZeneca Drops 7% on Report of $400 Billion Bristol Myers Merger Talks

AstraZeneca shares dropped 7% after reports of merger talks with Bristol Myers Squibb valuing the combined firm near $400 billion. Analysts question the fi

DoorDash Launches In-House Drone Delivery After Winning FAA Certification

DoorDash has launched an in-house drone delivery program after securing FAA certification, deepening its push into autonomous last-mile logistics.

Hyperscaler Debt Rush Lifts Bond Yields as Investor Demand Cools

Heavy borrowing by cloud and data-center giants to fund AI infrastructure is pushing corporate bond yields higher as investor demand cools.

Humana Holds 2026 Profit Outlook at $9 Per Share, Disappointing Analysts

Humana beat quarterly estimates but kept its 2026 profit target at $9 per share, a level some analysts called disappointing as Medicare cost pressures pers

Cyclospora Outbreak Tied to Taco Bell Cuts US Lettuce Sales, Rattles Diners

A cyclospora outbreak tied to Taco Bell has cut US lettuce sales and kept diners away, overshadowing Yum Brands' quarterly earnings.

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