Chinese companies and founders rush to calm investors after SVB collapse
By Laura He, CNN The collapse of Silicon Valley Bank (SVB), which courted Chinese start-ups, has caused widespread concern in China, where a string…
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CNBC’s Andrew Ross Sorkin says covering the SVB meltdown is like ‘walking a tight rope’
CNN By Oliver Darcy, CNN Andrew Ross Sorkin woke up early Monday morning, long before the crack of dawn, after managing to sneak in a handful of…
Continue ReadingNorfolk Southern balks at compensating homeowners in East Palestine
By Anna Bahney and Chris Isidore, CNN Jim Stewart was getting ready to sell his home in East Palestine, Ohio, and retire. Then came the derailment of…
Continue ReadingUS regulators say SVB customers will be made whole as second bank fails
By David Goldman, CNN In an extraordinary action to restore confidence in America’s banking system, the Biden administration on Sunday…
Continue ReadingWhat’s the next Silicon Valley Bank — and how can the US prevent more chaos?
By David Goldman, CNN Silicon Valley Bank failed in rapid, stunning fashion Friday. This week, the tech and banking sector are growing skittish about…
Continue ReadingSVB employees received bonuses hours before bank shutdown, reports say
By Ramishah Maruf, CNN The US Federal Deposit Insurance Corporation offered Silicon Valley Bank employees 45 days of employment and 1.5 times their…
Continue ReadingUS banks sitting on unrealized losses of $620 billion
By Nicole Goodkind, CNN Silicon Valley Bank’s collapse last week sent tingles of panic down investors’ spines as it highlighted a larger…
Continue ReadingBTS agency HYBE ends takeover battle for K-pop pioneer SM Entertainment
By Juliana Liu and Gawon Bae, CNN BTS agency HYBE says it has called off a takeover bid for SM Entertainment, ending weeks of corporate mudslinging…
Continue ReadingSVB employees received bonuses hours before bank shutdown, reports say
CNN By Ramishah Maruf, CNN The US Federal Deposit Insurance Corporation offered Silicon Valley Bank employees 45 days of employment and 1.5 times…
Continue ReadingStablecoin USDC breaks dollar peg after revealing $3.3 billion Silicon Valley Bank exposure
Reuters Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday after Circle, the US firm behind the coin, revealed…
Continue ReadingUS banks sitting on unrealized losses of $620 billion
CNN By Nicole Goodkind, CNN Silicon Valley Bank’s collapse last week sent tingles of panic down investors’ spines as it highlighted a…
Continue ReadingHow does a bank collapse in 48 hours? A timeline of the SVB fall
By Ramishah Maruf and Allison Morrow, CNN This week, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and…
Continue ReadingTakeaways from the February jobs report
By Alicia Wallace, CNN February’s jobs report had a little something for everyone. For workers, there were jobs; for employers, there were…
Continue ReadingThese companies held money at Silicon Valley Bank and aren’t sure if they’ll recover the funds
CNN By Ramishah Maruf, CNN Roku held approximately $487 million of its $1.9 billion in cash at Silicon Valley Bank, which collapsed Friday and was…
Continue ReadingTakeaways from America’s second-largest bank failure
CNN By Ramishah Maruf, CNN Silicon Valley Bank’s 48-hour collapse led to the second-largest failure of a financial institution in US history.…
Continue ReadingPickleball is America’s fastest-growing sport. These people hate it
By Nathaniel Meyersohn, CNN Pop. Pop. Pop. Pop. The sound and disruption from pickleball, America’s fastest-growing sport, is driving some…
Continue ReadingTakeaways from America’s second-largest bank failure
By Ramishah Maruf, CNN Silicon Valley Bank’s 48-hour collapse led to the second-largest failure of a financial institution in US history. SVB…
Continue ReadingAsia’s richest man to relaunch iconic 1970s Indian soda that once rivaled Coca-Cola
By Rhea Mogul, CNN Asia’s richest man, Mukesh Ambani, has announced plans to relaunch an iconic 1970s soda brand that once rivaled Coca-Cola…
Continue ReadingThese companies held money at Silicon Valley Bank and aren’t sure if they’ll recover the funds
By Ramishah Maruf, CNN Roku held approximately $487 million of its $1.9 billion in cash at Silicon Valley Bank, which collapsed Friday and was taken…
Continue ReadingCamp toy store pleads for help after Silicon Valley Bank collapse
By Nathaniel Meyersohn, CNN A toy company based in New York has gotten caught up in the collapse of Silicon Valley Bank and is pleading with…
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