Customers of Bank of America (NYSE:BAC) faced a significant disruption on Wednesday as they struggled to access their accounts, with many seeing zero balances. The bank has since addressed the issue, stating it has been largely resolved. What Happened: The outage began around 12:45 p.m. ET, as reported by Downdetector, a service that monitors online […]

The shares of Workday Inc. (NASDAQ:WDAY) experienced a nearly 13% surge in pre-market trading on Friday. This significant increase is attributed to the company’s impressive second-quarter results and an encouraging long-term outlook. According to Benzinga Pro, at the time of writing, Workday was trading 12.51% higher at $259.99 after closing at $231.08 on Thursday. Workday’s […]

Warren Mosler, a prominent figure in Modern Monetary Theory (MMT) and American entrepreneur, echoed the sentiments of experts such as Stanley Druckenmiller, Citadel’s Ken Griffin has criticized the U.S. government’s spending habits, comparing them to a “drunken sailor.” What Happened: Mosler expressed his concerns on the Odd Lots podcast. He highlighted the perilous mix of […]

The U.S. government’s newly acquired ability to negotiate drug prices may not drastically alter the amount Americans spend on their medications, according to industry experts. What Happened: The Inflation Reduction Act, a landmark legislation by President Joe Biden, permits the U.S. government to negotiate directly with drug manufacturers. While progressives hail this as a significant […]

Semiconductor giant Nvidia (NASDAQ:NVDA) is set to release its first-quarter earnings report, a key event that could significantly impact the ongoing U.S. stock market rally. What Happened: Earnings from semiconductor giant Nvidia are set to test the ongoing U.S. stock market rally, Reuters reported on Wednesday. Nvidia has seen a 90% surge in its stock […]

The week has been a whirlwind of tech news, with major developments in augmented reality (AR), artificial intelligence (AI), and stock market trends. From Stanford’s groundbreaking AR glasses to Palantir’s impressive earnings report, let’s dive into the top stories of the week. Stanford’s Slimmer AR Glasses Researchers at Stanford University have made waves in the […]