Street

Technology

How quick fixes and old code in systems compound technical debt and raise hacking risks, requiring an estimated $1.52T to fix and costing the US $2.41T per year (Christopher Mims/Wall Street Journal)

[ad_1] Christopher Mims / Wall Street Journal: How quick fixes and old code in systems compound technical debt and raise…

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Stock Market

1 Wall Street Analyst Thinks Nvidia Stock Is Going to $985. Is It a Buy Around $777?

[ad_1] In an Nvidia (NASDAQ: NVDA) research note published on Wednesday, Tigress Financial analyst Ivan Feinseth maintained the firm’s “buy”…

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New York

A New Jersey city that limited street parking hasn’t had a traffic death in 7 years

[ad_1] Street parking was already scarce in Hoboken, New Jersey, when the death of an elderly pedestrian spurred city leaders…

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Enterprenuers

Wall Street is worried about NYCB’s loan losses and deposit levels as stock sinks below $4

[ad_1] A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January…

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Technology

Meta plans to divest from Kustomer, which it reportedly acquired for ~$1B; sources: the startup's revenue has flattened while burning through ~$200M since 2022 (Wall Street Journal)

[ad_1] Wall Street Journal: Meta plans to divest from Kustomer, which it reportedly acquired for ~$1B; sources: the startup’s revenue…

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Technology

Sources: Meta plans multiple rounds of layoffs over the coming months that in total would be roughly of the same magnitude as the ~13% cut of November 2022 (Wall Street Journal)

[ad_1] Wall Street Journal: Sources: Meta plans multiple rounds of layoffs over the coming months that in total would be…

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Technology

FTC sues to block Intercontinental Exchange's $11.7B acquisition of mortgage software provider Black Knight, saying the deal would lead to higher prices (Wall Street Journal)

[ad_1] Wall Street Journal: FTC sues to block Intercontinental Exchange’s $11.7B acquisition of mortgage software provider Black Knight, saying the…

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Technology

A look at China's "golden shares", initially meant to reduce the state's role in the economy and now being used to quietly control its biggest tech companies (Lingling Wei/Wall Street Journal)

[ad_1] Lingling Wei / Wall Street Journal: A look at China’s “golden shares”, initially meant to reduce the state’s role…

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Stock Market

One Bank Folds, Another Wobbles and Wall Street Asks If It’s a Crisis

[ad_1] (Bloomberg) — Silvergate Capital Corp.’s abrupt shutdown and SVB Financial Group’s hasty fundraising have sent US bank stocks diving…

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Technology

Sources: ahead of its March 16 event, Baidu scrambles to ready its ChatGPT-style Ernie Bot, which struggles with basic tasks, to get ahead of its Chinese rivals (Wall Street Journal)

[ad_1] Wall Street Journal: Sources: ahead of its March 16 event, Baidu scrambles to ready its ChatGPT-style Ernie Bot, which…

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