CNA wins two SIAS Investors' Choice Awards for financial journalism

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• Europe's financial regulators query Google over cloud outage that hit banks

  Europe's financial regulators are investigating Google after a cloud computing outage that affected millions of bank customers across Europe, leaving them without access to key financial services for hours. The European Banking Authority has been in touch with Google Cloud to obtain more information about the incident and assess its potential impact on EU financial entities. The outage, which lasted several hours, was caused by a power event in a London-based network that serves customers across Europe.

  2 min read
• EBay to lay off 9% of workforce

  eBay plans to lay off 9% of its workforce, eliminating around 1,000 jobs, as part of efforts to streamline operations. This move follows a 6% workforce reduction in February and comes as the company focuses on luxury goods, collectibles, and refurbished products, contributing to a 40% share price increase this year. eBay CEO Iannone emphasizes the need for strategic choices to capitalize on opportunities ahead.

  1 min read
• Our top 10 things to watch in the stock market Wednesday

  The Nasdaq, driven by positive earnings reports from SpaceX and chip stocks, is expected to lead the gains. The healthcare sector is also expected to be a focus, with Abbott Laboratories reporting mostly in line results but lower revenue growth. The healthcare tools maker, Danaher, has missed sales estimates but beat on adjusted earnings, raising its full-year earnings outlook.

  4 min read