Bank of America’s Unrealized Losses on Securities Rise to $131.6 Billion
Bank of America's unrealized losses on securities rose to $131.6 billion in the third quarter of 2023, up from $123 billion in the second quarter, according to a regulatory filing…
Foxconn and Nvidia Team Up to Build ‘AI Factories’
Foxconn, the world's largest electronics manufacturer, and Nvidia, a leading chipmaker, have teamed up to build "AI factories." These factories will use Nvidia's chips and software to develop and produce…
Scotiabank Takes Charge in Fourth Quarter, Cuts Jobs to Reduce Costs
Canada's Scotiabank said on Wednesday that it would cut 3% of its global workforce and take a charge of C$590 million ($433.6 million) in the fourth quarter as it looks…
IBM to Acquire Octo, Boosting Its Digital Transformation Capabilities
On December 7, 2022, IBM announced that it would acquire Octo, a US-based IT modernization and digital transformation services provider exclusively serving the US federal government, including defense, health, and…
US-China Tech War Heats Up as Biden Expands Curbs on Chip Exports
In a move that is likely to escalate tensions with China, the Biden administration on Tuesday announced new export controls that will prohibit shipments of advanced artificial intelligence (AI) chips…
Amazon and Microsoft in Talks for $1 Billion Cloud Software Deal
Microsoft is in talks to sign Amazon as a customer for its Microsoft 365 cloud productivity tools in a deal worth over $1 billion, according to a report by Insider.…
Taylor Swift Fans Can Now Buy Movie Tickets With Bitcoin, Dogecoin, and SHIB
Taylor Swift fans who own cryptocurrency can now rejoice, as they can now purchase tickets to her new movie, "Taylor Swift: The Eras Tour," using Bitcoin, Dogecoin, and SHIB. The…
India’s Top Regulators Investigate Some Alternate Investment Funds
India's top financial regulators, the Securities and Exchange Board of India (SEBI) and the Enforcement Directorate (ED), are investigating some alternate investment funds (AIFs) for alleged violations of securities laws…
Davide Renne: The New Creative Director of Moschino
Moschino, the Italian fashion house known for its playful and colorful designs, has named former Gucci designer Davide Renne as its new creative director. Renne will take over from Jeremy…
Become a Better Trader: Stop PornHub, Games and Social Media
PornHub, games, and social media can all be addictive, and addiction can have a negative impact on your trading performance. PornHub can be addictive because it releases dopamine, a neurotransmitter…
