Cetoex News – First Republic Bank has continued its downward spiral, as shares have fallen another 37%…
Tag: recession
Is recession at the door of all Companies ?
Cetoex News – Following a trend in the tech industry, Amazon has fired an additional 9,000 employees today,…
186 Banks Found to Have Similar Risks as Silicon Valley Bank
Cetoex News – A recent study by economists identified 186 banks at risk. These banks face issues…
First Republic Stock Crashes to All-Time Low Amidst Banking Crisis
Cetoex News – Following the closure of Silicon Valley Bank last week, First Republic has seen its stock crash to…
Signature Bank: FDIC Reportedly Raises Demand for Buyers to Quit Crypto Business
Cetoex News – Signature Bank was the third victim of the back-to-back bank collapses recently. The…
US Unemployment Rate Increases to 3.6%
Despite adding a wealth of jobs in the month of February, the US unemployment rate has…
Bank of America CEO Predicts “Slight” Recession This Year
Cetoex News – Bank of America CEO Brian Moynihan has predicted a “slight,” recession this year, warning…
Elon Musk’s Twitter Lays off 50 Employees Citing Cost Cuts
Cetoex News – Twitter had become the center of attention at the end of 2022, when…
Crypto Firm Genesis Plans to File for Chapter 11 Bankruptcy
Cetoex News – Amidst an ongoing battle with the SEC, Bloomberg has reported that cryptocurrency firm Genesis is reportedly planning…
Microsoft To Cut 11,000 Jobs in Mass Layoff
Cetoex News – Sky News has reported Microsoft will cut 11,000 jobs in a mass layoff to…