Oracle (NYSE: ORCL) posted its latest earnings report on March 9. That slowdown is minor, but it indicates that Oracle isn't immune to the cooler software spending that hurt Amazon, Microsoft, and Alphabet's Google over the past year. Read More...
Reuters
Silicon Valley Bank’s demise began with downgrade threat
In the middle of last week, Moody’s Investors Service Inc delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank’s credit.That phone call, described by two people familiar with the situation, began the process toward Friday’s spectacular collapse of the startup-focused lender, the biggest bank failure since the 2008 financial crisis. Details of SVB’s failed response to the prospect of the downgrade, reported by Reuters for the first time, show how quickly confidence in financial institutions can erode. The Moody’s call came after the value of the bonds where SVB had parked its money fell due to the higher interest rates.
