Snowflake Gives Restrained Outlook on Slower Software Demand
Snowflake Inc. gave a sales outlook for the current quarter in line with expectations, suggesting that companies are still cautious about expanding their cloud software budgets.
Bloomberg Tech
China’s Bustling Car Market Is a Rare Black Mark on Hyundai’s Blockbuster Year
Hyundai Motor Co. and its affiliate Kia Corp. are having a blockbuster year, posting record profits as sales surge globally. The only black mark is China, where a lackluster performance is raising questions about their future in the world’s biggest auto market.
Yen’s Too Weak and Benefits Are Waning, Japan Bourse Chief Says
The yen is too weak and its benefits for Japanese stocks are diminishing while negative economic side effects are starting to show, according to the chief of the nation’s stock exchanges.
Cboe CEO Says Firm Can Go After Deals in Open Jurisdictions
Exchange operator Cboe Global Markets Inc. can do future acquisitions and expand its global presence as long as the firm maintains a “flexible balance sheet,” according to Chief Executive Officer Edward Tilly.
Tornado Cash Founders Storm, Semenov Charged by US in Money Laundering Scheme
Two founders of Tornado Cash, a cryptocurrency mixing service that has been under scrutiny by various US agencies for more than a year, were charged with helping launder more than $1 billion for clients that included a North Korean cybercrime organization.
FCC Invites Comment on Request to Deny Fox TV License Renewal
Regulators invited public comment on whether the US broadcast license for Fox Corp.’s TV station in Philadelphia should be renewed after a grassroots organization asked that it be denied, saying Fox knowingly broadcast false news about the 2020 election.
IPO Market Will Need More Than Arm’s Listing to Bring It Back to Life
Arm Holdings Ltd.’s highly anticipated IPO has sparked hopes that the moribund market for new listings will spring back to life. Not so fast, says a cohort of Wall Street pros.
Nvidia Earnings Are High-Stakes Event for AI-Crazed Markets
Big Tech’s earnings season is wrapping up with a bang: Nvidia Corp., at the center of the artificial intelligence frenzy, is reporting results that could set the tone for global stock markets for the rest of the year.
‘Thematic Fatigue’ Hobbles Once-Hot Slice of ETFs With Outflows
A once-hot sliver of the exchange-traded funds universe focused on thematic investing is having another difficult year.
Business Lobby Struggles to Thwart SEC Cybersecurity Disclosure Rules
Business lobbyists are struggling to soften new US Securities and Exchange Commission rules that require publicly traded companies to quickly disclose cybersecurity breaches.