Oil prices fell on Wednesday following heavy stock market losses on concerns about the banking sector. As a result, a barrel of American WTI oil fell below $ 70 for the first time since late last year. Brent, the benchmark for oil from Europe, the Middle East and Africa, was […]
Business
The smaller regional banks in the United States showed some recovery on Tuesday as the new trading day started in New York. A day earlier, these banks fell hard on the stock markets due to the unrest that arose after the collapse of the American Silicon Valley Bank (SVB). For […]
Facebook parent company Meta Platforms will cut an additional 10,000 jobs to cut costs. In November, Meta, which also owns WhatsApp and Instagram, had already announced that 11,000 jobs would be lost. The media has long been speculating about more job losses at the American technology company. The Washington Post […]
The smaller regional banks in the United States fell hard on the stock exchanges in New York on Monday. The unrest surrounding the collapsed Silicon Valley Bank (SVB) held stock market trading in its grip. The American authorities have intervened, guaranteeing that all SVB customers will receive their credits back. […]
The American pharmaceutical company Pfizer, known for its corona vaccine, is taking over the American biotechnology company Seagen for 43 billion dollars. Business newspaper The Wall Street Journal previously reported that the two parties were in talks about a possible takeover. With the acquisition, Pfizer is expanding its cancer treatments, […]
The collapse of US Silicon Valley Bank (SVB) poses a serious risk to the UK tech sector, Treasury Secretary Jeremy Hunt has said. Many biotech companies also did business with the bank or its British subsidiary, Hunt said during an interview on the TV channel Sky News. “Most people won’t […]
The turmoil surrounding Silicon Valley Bank (SVB) also gripped Friday stock exchange trading in New York. The important lender for start-ups in the tech sector, among others, has run into financial problems due to the rapidly rising market interest rates. The SVB Financial Group share continued the free fall in […]
After all the economic shocks of recent years, it is now time for the EU to focus on future growth and strengthening debt sustainability, says the European Commission. She wants member states to “draw up ambitious budgets” for 2024, says Vice-President Valdis Dombrovskis. In May, it will also provide individual […]
China has pledged to invest $1.9 billion in Yangtze Memory Technologies, the country’s largest maker of memory chips. This is reported by the Bloomberg news agency based on data from a Chinese government website. The investment size suggests that Beijing supports the country’s beleaguered chip sector. Chinese chip companies are […]
Tesla lost market value in early Wall Street trading on Wednesday. Investors are very cautious and eagerly await the Master Plan 3 that CEO Elon Musk will announce in a briefing session with investors later today. Master Plan 2 dates back to 2016, and the vision of the future with […]
