Snowflake Plunges as Sales Forecast Miss Signals Cloud Woes
Snowflake Inc. gave a sales outlook for the current quarter that fell short of expectations, suggesting that many
2023-05-25 17:28
EU Blocks More Than €200 Billion in Russian Central Bank Assets
The European Union has immobilized more than €200 billion ($215 billion) in Russian central bank assets since Moscow
2023-05-25 17:28
Europe’s Banks Say They’re Back. So Why Doesn’t Anyone Buy Their Shares?
PacWest Bancorp lost $1 billion in one quarter, saw its stock drop 89% in two months, and has
2023-05-25 17:19
Nvidia Forecast Shows How AI Frenzy Is Transforming Chip Sector
Nvidia Corp., the world’s most valuable chipmaker, forecast sales that blew past analysts estimates, showing how booming demand
2023-05-25 16:55
Germany Suffers Winter Recession on Bleaker First Quarter
Germany suffered a winter recession, fresh data showed, extinguishing hopes that Europe’s top economy could escape such a
2023-05-25 14:58
Billionaire Reuben Brothers Win Battle Over Russian Fraud
A New York court has found that the billionaire Reuben brothers were defrauded by a family friend of
2023-05-25 14:30
Singapore Says Aspects of US-China Rift ‘Appear Insurmountable’
The widening rift between the world’s two biggest economies, the US and China, now looks in some regards
2023-05-25 11:54
McCarthy Signals Debt Deal Optimism as US Put on Credit Watch
House Speaker Kevin McCarthy’s optimism that White House and GOP negotiators would reach a deal in time to
2023-05-25 11:15
US AAA Credit Rating May Be Cut by Fitch on Debt-Limit Impasse
Fitch Ratings said it may downgrade US credit ratings to reflect the worsening political partisanship that’s preventing a
2023-05-25 07:57
Fed Signals Readiness to Act in Case of Debt-Limit Instability
Federal Reserve policymakers suggested that they viewed with concern the partisan standoff over the debt limit, with “a
2023-05-25 03:50
Argentina to Restrict FX Access for Oil Companies’ Imports
Argentina’s government will tighten access to the foreign exchange market for oil companies that need to import amid
2023-05-25 02:23
Fires in Western Canada Recede, Helping Energy Output Rebound
The number of fires burning in Canada’s top energy-producing province of Alberta continued to decline amid cooler weather,
2023-05-25 01:48