Silicon Valley Bank Updates
3:55 am: The Silicon Valley Bank’s United Kingdom arm has been bought by HSBC for around $1. 9:50 am: President Joe Biden emphasized that the United States banking system is…
3:55 am: The Silicon Valley Bank’s United Kingdom arm has been bought by HSBC for around $1. 9:50 am: President Joe Biden emphasized that the United States banking system is…
Federal Reserve Chairman Jerome Powell said that all depositors will have access to their money on Monday. Federal Regulators also said that a second bank, Signature Bank, has closed.
Federal Regulators are set to auction off of failed Silicon Valley Bank this afternoon.
Silicon Valley Bank stock was halted from tradin after falling 68% in preparket trading. SVB was closed by federal regulators after a run on deposits stopped their plans to raise…
United States employers added 311,000 jobs in February and the unemployment rate rose to 3.6% up from 3.4%.
Twitter announced that their adjusted December earnings fell 40% with the likely cause being that many advertisers left because of Elon Musk’s takeover of Twitter.
Abu Dhabi to sell around 4% of its natural gas business in an IPO.
The NHTSA has issued a recall for nearly 362,000 Tesla vehicles with self-driving beta software. The NHTSA said that the software may make the Teslas “act unsafe around intersections.”
The United States could default on its bills as soon as July if Congress doesn’t work together to raise the debt ceiling.
United States is on track to add almost $19 trillion to the national debt in the next decade according to the Congressional Budget Office. The office cites rising interest rates…
United States retail sales rose 6% in January. The sales rebounded as job market continued growing as well as the rate of inflation continued cooling.
The White House announced that Tesla will partly open its charging network to other vehicles to qualify or public funds to help build a national system.
Airbus and Boeing sell 470 planes to Air India in the largest commercial aircraft deal in aviation history.
U.S. Consumer Price Index data showed that inflation has cooled slightly to 6.4% in the last year.
Ford Motors will cut 3,800 jobs over the next 3 years in Europe as the company shifts to making electric vehicles.
Russia will cut oil production next month to cause prices to soar in response to Western sanctions placed over their invasion of Ukraine. Russia said to cut production by 500,000…
Billionaire activist investor Nelson Peltz announced that his proxy fight with Disney is over after the current CEO Bob Iger announced changes to the company yesterday.
Disneo CEO Bob Iger announced they will cut 7,000 jobs and eliminate $5.5 billion in costs as part of a corporate reorganization to boosts profits and control costs.
Washington, D.C.: The United States’ trade deficit has risen to the largest gap in history to $948.1 billion.
Bed Bath and Beyond struck a deal to get investor funding for $1 billion in capital to help fight off declaring bankruptcy.
Dell announced it is cutting its workforce by 5%.
Elon Musk was found not liable for making tweets in 2018 about the possibility of taking Tesla private. Investors filed the lawsuit against Musk claiming he violated federal securities laws.
The Federal Trade Commission is preparing for a potential antitrust lawsuit against Amazon.
For the purpose of resolving a SEC probe into the company, Activision Blizzard is paying $35 million. The probe was looking into how the company had disclosed workplace harassment and…
Washington, D.C.: Beating estimates by over 300,000, U.S. employers added 517,000 jobs in January. Unemployment rate dropped to 3.4%, the lowest levels since 1969.