County Palo Alto Financial News

Canadian companies are now paying more than $1 million in ransomware attacks, according to a new study.

The co-founder of the crypto-focused VC firm Electric Capital, Avichal Garg, has warned investors over a potential disguised crypto scam.

Analysts at Wedbush told investors in a note Friday that the tech year-end rally has begun.

Nasdaq managed to eke out tiny gains on Thursday while the Dow Industrial Average ended slightly lower with pressure from tech and retail bellwethers Cisco and Walmart after disappointing forecasts. Shares of Cisco Systems tumbled 9.8% as the communications and networking technology company cut its full-year revenue and profit forecasts on slowing demand for its networking equipment. Also in technology, Palo Alto Networks shares fell 5.4% after its forecast late Wednesday for second-quarter billings missed expectations. Walmart shares sank 8.1% a day after touching a record high.

Investing.com — The Dow closed lower Thursday, paced by a slump in Walmart and worries about the economy following a wave of mostly weaker-than-expected economic data. 

Investing.com — U.S. stocks were falling as the steam ran out of their recent rally after Walmart's cautious outlook on consumer spending.

Investing.com — US stock futures were trading slightly lower on Wednesday night as investor optimism remained strong amid weaker than expected PPI data.

After-Hours Stock Movers:

Palo Alto Networks (NASDAQ:PANW) shares fell 8% after-hours Wednesday after posting solid first quarter results but issuing second quarter and full year billing guidance below estimates.

Mark Zuckerberg, the founder and CEO of the social media giant, recently completed another milestone, this time a personal one. Taking to Instagram, the billionaire shared a throwback picture of himself posing with his wife Priscilla Chan during their days at Harvard University. In the picture, both Zuckerberg and Chan can be seen sporting casual clothes and matching radiant smiles. The Facebook boss reminisced about their first encounter at a farewell party and their journey from dating to a 20-year-old (and counting!) partnership. “20 years since our first date. We met at a going away party my friends threw for me in college when they thought I was about to get kicked out of school. I asked her out but told her we'd need to go out soon since I might only have a few days left. Later on, I started Facebook, we got married, and now have three wonderful girls. What a wild ride,” wrote the business tycoon.

Wedbush tech analysts believe a new tech bull market has started despite worries. They see the set-up in the sector as strong amid a «tidal wave» of AI spending.

Wall Street rallied on Friday, with the tech-heavy Nasdaq Composite posting its biggest one-day percentage gain since May 26, amid growing doubts that the Federal Reserve will raise interest rates again.

A New York jury has begun deliberating whether FTX founder Sam Bankman-Fried was guilty of fraud in the disappearance of billions of dollars from his customers' accounts on the cryptocurrency exchange

In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the “pyramid of deceit” that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges

Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary.

FTX founder Sam Bankman-Fried has undergone a final barrage of questions from a prosecutor aimed at showing that he's not being honest about how $8 billion of his customers' funds disappeared, setting the stage for final arguments

FTX founder Sam Bankman-Fried underwent a final barrage of questions on Tuesday from a prosecutor aimed at showing that he’s not being honest about how much he knew about the disappearance of $8 billion from his customers’ accounts, setting the stage for final arguments in his fraud trial on Wednesday.

(Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market.

Warren Buffett's Berkshire Hathaway continued selling off more of its HP Inc. shares this week at a loss and dropped its stake below 10% of the maker of printers and computers

Investors soon won’t be able to follow Warren Buffett’s every move in HP stock if the billionaire’s company keeps selling off shares of the printer and computer maker

The Victorian auditor-general will deliver its findings about VicTrack’s fibre-optic sensors venture, described by the Liberal Party as “a case study in funny money”, in the next three months after missing its June deadline.