plunges

SANTA CLARA — Federal officials moved to insure all deposits at failed Silicon Valley Bank, hoping to inoculate the banking system against contagion, but shares of another Bay Area regional bank plunged on Monday. Scores of customers lined up outside the Santa Clara headquarters of the fallen Silicon Valley Bank on Monday to await the opening of the financial firm’s doors. Officials began to allow customers into the bank at 10 a.m. One of those was Bob, a San Jose resident who asked that his last name wasn’t used. Bob,…

AMD CEO Lisa Su at CES earlier this month in Las Vegas. Photo: Lauren Justice/Bloomberg News…

BERLIN—Software company SAP SAP -0.03% SE joined the ranks of tech companies announcing job cuts this year, saying it would shed up to 3,000 positions after a steep profit drop in late 2022. After growing rapidly at the height of the Covid-19 pandemic, technology companies have been laying off workers mainly in the U.S., with large employers such as Facebook parent Meta Platforms Inc. and Amazon.com Inc.…

Twitter’s daily advertising revenue has cratered 40% from the same time last year, according to a report that cites a senior Twitter manager’s message to employees. The embattled social media platform is hemorrhaging ad dollars after Elon Musk’s October 2022 takeover that has put the future of the app in limbo. As the San Francisco-based company loses money, Musk has to pay down billions in debt he took on for the $44 billion purchase. According to one estimate in a Financial Times report, the company’s actual…

Two adults and a 4-year-old boy were rescued from a sinking Tesla after the vehicle plunged into the pool of a home in Pasadena, officials said. The crash occurred just before 9 a.m. in the 700 block of West California Boulevard, said Lisa Derderian, spokesperson for the city of Pasadena. Pasadena police are investigating the crash, but officials believe the driver of the Tesla accidentally pressed on the gas instead of the brake pedal, plowing through a retaining wall and winding up in the swimming pool. The crash…

Cardano plunges 90%, investors forecast major upsurges from the Cardano it is likely to enhance Defi by oracles Currently, Cryptocurrency is floating in a hostile area. Cryptocurrencies are a modern technological and socioeconomic endeavor. The blockchain industry is flourishing as a by-product, providing new options such as the possibility to invest in popular coins. The earlier users become familiar with this emerging market, the greater the opportunity of gaining from its growth prospects because it is continually…

A 'For Sale' sign stands in a vacant lot near new homes in Dunlap, Illinois.Daniel Acker | Bloomberg | Getty ImagesAfter a brief reprieve in the first half of December, mortgage interest rates shot up again to end the year, weighing on mortgage demand.Mortgage application volume was down 13.2% at the end of last week from two weeks earlier, according to the Mortgage Bankers Association's seasonally adjusted index. The MBA was closed last week due to the holidays.The average contract interest rate for 30-year fixed-rate…

AMC Movie theatreScott Mlyn | CNBCAMC Entertainment's stock fell swiftly Thursday after the company announced a new $110 million capital raise and a proposed reverse stock split that will require shareholder approval.The shares were halted briefly after the opening bell as AMC hit a new 52-week low. The stock was down nearly 15% in midmorning trading. related investing newsThe company said it plans to raise the new equity through a sale of its APE units – a form of preferred shares referring to the "Apes" moniker adopted…

Any survival thriller worth its salt will leave you with sweaty palms, heart palpitations, and a lurching sense of dread in the pit of your stomach that refuses to let up until the credits roll, with this year’s Fall easily one of the best examples to come along in a long time. The sleeper hit earned a respectable $20 million at the box office on a $3 million budget, garnering identical critical and user scores of 79 apiece on Rotten Tomatoes, but you could potentially state the case for the main reason behind such an…

The MacBook Air M1 is back again at its lowest price ever, with another monster discount at Amazon. This deal is one we've seen a few times this year, and each time it seems like it's the last - although with this one being so close to Black Friday, it could well be this time. The MacBook Air M1 was replaced by the MacBook Air M2 this year, so we could be looking at the end of the line for the faithful M1 version.Being so close to Black Friday, it might be tempting to wait to see if the price drops any more - we'd advise…