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.

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.

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.

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.

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.

Japan’s Economy Grows Just 1.1% in Q2, Missing 2% Forecast

Japan's economy grew an annualized 1.1% in the second quarter, below the 2% forecast, as flat consumer spending and slowing exports weighed on growth.

Bunge Beats Second-Quarter Profit Estimates on Strong Processing Margins

Bunge Global topped second-quarter profit forecasts as strong oilseed processing margins offset softer conditions across the grain-trading sector.

Toyota Doubles Quarterly Profit to $9.4 Billion on Weak Yen, US Demand

Toyota nearly doubled fiscal first-quarter profit to $9.4 billion on a weak yen and strong US and India demand, while lifting its full-year sales forecast.

Jefferies Downgrades Apple to Underperform as All-Glass iPhone Reportedly Canceled

Jefferies downgraded Apple to underperform after supply chain checks suggested the company scrapped plans for a premium all-glass iPhone.

Metro Bank Customer Battles for £14,000 Refund After AI Chatbot Fraud

A Metro Bank customer is battling to recover over £14,000 taken in a scam that used stolen funds to buy credits for the AI chatbot Claude.

Peter Thiel Buys 1% Stake in Argentina’s Vista Energy, Worth $118 Million

Billionaire Peter Thiel has acquired a roughly 1% stake worth $118 million in Argentine oil producer Vista Energy, operating in the Vaca Muerta shale basin

GameStop Weighs Withdrawing Its Bid to Acquire eBay

GameStop is considering pulling its bid to acquire eBay, according to a Bloomberg News report, potentially ending an unexpected retail-commerce tie-up.

Berkshire Hathaway Rallies on Strong Earnings and Buyback, but Michael Burry Stays Out

Berkshire Hathaway shares rose on strong earnings and a big buyback under CEO Greg Abel, but investor Michael Burry signaled concern about its new era.

SanDisk Stock Slides as Memory-Chip Selloff Tests AI Rally

SanDisk shares fell as a memory-chip selloff tested this year's AI-driven rally, raising questions over stretched valuations and the durability of AI deman

Boeing Folds Flying-Taxi Venture Into Rival Archer Aviation for Equity Stake

Boeing is selling three eVTOL subsidiaries to Archer Aviation in exchange for an undisclosed equity stake, consolidating its flying-taxi ambitions.

JPMorgan Raises S&P 500 Year-End Target to 8,000 on Growth Optimism

JPMorgan has lifted its year-end S&P 500 price target to 8,000 from 7,800, citing resilient earnings and steady economic growth as key drivers.

Embraer Stock Surges on Booming Earnings and Record Backlog, Outpacing Boeing and Airbus

Embraer shares jumped after strong quarterly earnings and a record order backlog positioned the Brazilian jet maker to outpace Boeing and Airbus in growth.

Nvidia Weighs $3 Billion Investment in SoftBank’s SB Energy for Ohio AI Campus

Nvidia is in talks to invest $3 billion in SoftBank's SB Energy to support a planned Ohio AI data center campus tied to OpenAI, a report says.

Walmart and Target Earnings to Reveal Health of U.S. Consumer

Walmart and Target report quarterly earnings that will signal how U.S. shoppers are holding up against persistent inflation and shifting spending patterns.

- A word from our sponsors -

spot_img

Follow us

HomeBusiness