Bloomberg Tech

Okta Inc. shares tumbled after the identity verification company said that hackers used a stolen credential to access its support case management system.

Stocks fell around the world, while bonds climbed with gold on concern the Israel-Hamas war will escalate into a wider conflict in the Middle East. Oil pulled back after hitting $90 a barrel.

Investors who snapped up shares of Nvidia Corp. at the bottom of last month’s swoon got a harsh reminder of the multiple forces pushing and pulling on the chipmaker’s business prospects.

The US Supreme Court let Biden administration officials communicate freely with social media companies while the justices review a case that centers on the federal government’s efforts to combat online misinformation about Covid-19.

The moribund market for initial public offerings was dealt another blow as Klaviyo Inc. joined a group of closely watched companies to slump below the price at which it sold millions of shares.

Brazil’s top central banker sees digital currency platforms like the monetary authority’s popular instant-payment application eventually replacing credit cards and other traditional financial instruments.

Alphabet Inc.’s Google and Meta Platforms Inc. have joined a growing list of companies and investors bowing out of the Web Summit technology conference after comments the event’s leader made about Israel earlier this week.

Stocks fell around the world, while bonds climbed with gold amid concern the Israel war with Hamas will escalate into a wider conflict in the Middle East. Oil dropped after hitting $90 a barrel.

Bitcoin briefly topped $30,000 for the second time this week on growing expectations that another favorable court action raises the likelihood than an exchange-traded fund holding the cryptocurrency will finally be approved.

Binance is no longer offering its Visa debit card in Europe, the latest retrenchment by the world’s largest cryptocurrency exchange.