From Wile E. Coyote to edibles: Recession forecasts are getting weird
By Nicole Goodkind, CNN Understanding the economy is a complicated task, and even the experts are struggling to answer seemingly simple questions…
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Wall Street pummels regional banks, despite Biden’s assurances
By Allison Morrow, CNN Wall Street’s confidence in regional banks remained shaky Monday, despite emergency measures from the Biden…
Continue ReadingThe Fed needs to stop raising rates now, former FDIC chair says after Silicon Valley Bank failure
By Matt Egan, CNN Sheila Bair, a top banking regulator during the 2008 financial crisis, says the stunning implosion of Silicon Valley Bank is…
Continue ReadingWhy Silicon Valley Bank collapsed and what it could mean
CNN By Hanna Ziady, CNN Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark…
Continue ReadingChina’s new premier tries to reassure private sector amid widespread concerns about future
By Laura He, CNN China’s new premier has tried to reassure the private sector in his debut press conference, as concerns grew about the…
Continue ReadingChina’s new premier tries to reassure private sector amid widespread concerns about future
CNN By Laura He, CNN China’s new premier has tried to reassure the private sector in his debut press conference, as concerns grew about the…
Continue ReadingHSBC buys SVB’s UK business, ending ‘nightmare’ for British tech
By Michelle Toh, Rob North and Olesya Dmitracova, CNN HSBC has scooped up the UK arm of failed Silicon Valley Bank, securing the deposits of…
Continue ReadingUS futures steady after Fed moves to restore confidence in banking system
By Michelle Toh and Anna Cooban, CNN US stock futures were holding steady Monday after an extraordinary move by US financial regulators to restore…
Continue ReadingChinese 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…
Continue ReadingCNBC’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 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 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 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…
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