From SVB’s sudden collapse to Credit Suisse fallout: 8 charts show financial market turmoil

From SVB’s sudden collapse to Credit Suisse fallout: 8 charts show financial market turmoil

A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more

Meta AI unlocks hundreds of millions of proteins to aid drug discovery

Meta AI unlocks hundreds of millions of proteins to aid drug discovery

Meta Platforms, parent company of Facebook Inc. created a tool to predict the structure of hundreds of millions of proteins using artificial intelligence. Researchers say promises to deepen scientists’ understanding of biology, and perhaps accelerate the discovery of new drugs. Meta’s research arm, Meta AI, used the new AI-based computer program known as ESMFold to … Read more

FTC Twitter investigation searched Elon Musk’s internal communications and reporters’ names

FTC Twitter investigation searched Elon Musk’s internal communications and reporters’ names

WASHINGTON—The Federal Trade Commission has asked Twitter Inc. to turn over internal communications related to owner Elon Musk, along with detailed information about the layoffs—citing concerns that the staff cuts could jeopardize the company’s ability company to protect users, documents viewed by the Wall Street Journal show. In 12 letters sent to Twitter and its … Read more

Paramount Global Considers Selling Majority Stake in BET Media Group

Paramount Global Considers Selling Majority Stake in BET Media Group

Paramount Global FOR -2.19% plans to sell a majority stake in BET Media Group, which includes cable channels BET and VH1, people familiar with the matter said. The move to consider selling a controlling stake in the assets, which cater primarily to black audiences, is part of the entertainment giant’s efforts to bolster resources to … Read more

Elon Musk’s latest revelation? His Tesla management team

Elon Musk’s latest revelation?  His Tesla management team

Usually cars are the stars. But this week, Elon Musk went out of his way to highlight Tesla Inc. TSLA 3.61% management team, although Wall Street was eager for an update on efforts to develop a new, inexpensive electric car. Sitting on stage Wednesday, Mr Musk was surrounded by 16 executives, in an apparent attempt … Read more

Twitter’s Adjusted Revenue and Earnings Drop About 40% in December

Twitter’s Adjusted Revenue and Earnings Drop About 40% in December

Twitter Inc. reported lower revenue and adjusted earnings for the month of December after many advertisers abandoned the social media platform following the Elon Musk takeover, according to people familiar with the matter. In an update to investors, Twitter reported a roughly 40% year-over-year drop in adjusted revenue and earnings for the month, the people … Read more

Ant-Man’s shrinking is a problem for Disney and cinemas

Ant-Man’s shrinking is a problem for Disney and cinemas

disneyIt is SAY 0.15% the smallest superhero doesn’t seem to have many legs. This is a growing problem for the Mouse House and for those presenting its tariff. “Ant-Man and the Wasp: Quantumania” is the 23rd theatrical film Disney has produced and released from its Marvel franchise. That’s not counting the three Sony-produced “Spider-Man” movies … Read more