Silicon Valley Bank Is Shut Down by Regulators in Biggest Bank Failure Since Global Financial Crisis
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Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Tech -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas
Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.CNBC - Business -
Transportation stocks sink, with industry ETF booking biggest drop since October
Transportation stocks were punished Wednesday, with sharp drops weighing on an exchange-traded fund whose top holdings include airlines, railroads and a trucking company.MarketWatch - Business -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Sequoia commits to backing Musk’s xAI start-up
Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivalsFinancial Times - Business -
Harvey Weinstein’s rape conviction in New York overturned on appeal
State appeals court found mistakes in prosecution of former film mogul that gave momentum to #MeToo movementFinancial Times - Business - New York -
Nomura profits soar as Japan’s stock market breaks bubble-era record
Investment bank and brokerage boosted by surging stock and fixed-income tradingFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Fauci to testify before Congress for the first time since stepping down
Anthony Fauci, former chief medical adviser to President Biden, will testify before the House Select Subcommittee on the Coronavirus Pandemic on June 3, making it the first time he will appear before a congressional panel since leaving government ...The Hill - Politics -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Haitian premier Ariel Henry steps down amid gang crisis
Transitional council to run poverty-stricken country in deal backed by US and Caribbean nationsFinancial Times - Business - Premier League -
Haitian premier Ariel Henry steps down amid gang crisis
Transitional council to run poverty-stricken country in deal backed by US and Caribbean nationsFinancial Times - World - Premier League -
Dozens arrested in California and Texas as campus administrators move to shut down protests – live
More than 60 people, including a journalist, arrested at University of Southern California and University of Texas at Austin. Campus protests: full storyMike Johnson, the Republican House speaker, will visit Columbia University today to speak to ...The Guardian - World - California -
Strict new EPA rules would force coal-fired power plants to capture emissions or shut down
Environmental Protection Agency Administrator Michael Regan says new rules that would force power plants fueled by coal or natural gas to capture smokestack emissions or shut down are targeting pollution that's “pushing our planet to the brink.”ABC News - Health -
New rule compels US coal-fired power plants to capture emissions – or shut down
New EPA directive will cut pollution equivalent to the emissions of 328m cars, but industry group decries it as a ‘reckless plan’. Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued on Thursday ...The Guardian - World -
New EPA rules would force coal-fired power plants to capture emissions or shut down
Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday by the Environmental Protection Agency.NBC News - Top stories -
White House shuts down GOP calls to bring in National Guard for college protests
The White House punted on Speaker Mike Johnson’s (R-La.) demand for President Biden to call in the National Guard to college campuses amid mass protests over the Israel-Hamas war on Thursday. Johnson visited Columbia University on Wednesday, the ...The Hill - Politics -
ByteDance would shut down TikTok in US rather than sell it, sources say
App’s ‘secret source’ algorithm reportedly core to operations of parent company, which sources say make a sale highly unlikely. ByteDance would prefer to shut down TikTok rather than sell it if the Chinese company exhausts all legal options to ...The Guardian - World - Tiktok -
"Little Miss Flint" Mari Copeny reflects on tackling water crisis since 8 years old
Mari Copeny, widely known as "Little Miss Flint," brought national attention to the Flint water crisis when she met then-President Barack Obama in 2016 at just 8 years old. She tells CBS News about her continued fight for clean drinking water in ...CBS News - Top stories -
BNP Paribas bets on investment bank for growth despite bond trading blip
Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fallFinancial Times - Business -
Trading helps lift Deutsche Bank to highest quarterly profit in 11 years
First quarter net income increased by 10% from a year earlier to €1.45bnFinancial Times - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - Business -
Barclays shares surge as bank beats forecasts despite drop in profits
Barclays posted a 13% drop in its first quarter profits as lower fee income and a drop in the value of its loans and deposits caused its income to slumpMarketWatch - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - World -
Turkish Central Bank Stays Hawkish Despite Likely Hitting Peak
Turkey’s central bank took a hawkish tone as it held its policy rate at 50%, Liam Peach, senior emerging markets economist at Capital Economics, says.The Wall Street Journal - World - Turkey -
Bank of Japan Holds Rates Steady, Expects Inflation to Stay Around 2%
The Bank of Japan kept its interest-rate target unchanged, a month after it made its first rate increase in 17 years.The Wall Street Journal - World - Japan -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Bank of Japan could intervene this week to boost the yen as currency hits 34-year low
The Bank of Japan could intervene to support the yen as soon as Friday, possibly in a move coordinated with the Bank of Korea to help maximize its impact, according to Steven Barrow, head of G-10 strategy at Standard Bank.MarketWatch - Business -
Woman, 74, who allegedly robbed bank may have been scam victim, family says
Ann Mayers entered AurGroup Credit Union on April 19 and "demanded money while displaying a handgun," police said.CBS News - Top stories -
Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Votes mark victories for Goldman’s David Solomon and Bank of America’s Brian Moynihan.MarketWatch - Business -
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.CNBC - Business -
Barclays shares up 4% as bank swings back to profit in first quarter amid strategic overhaul
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.CNBC - Business -
Chip sector due a May bounce with Nvidia near ‘trough valuation,’ say Bank of America strategists
The big-tech trade is having a wobble. But chip stocks are due a rebound, say Bank of America strategists.MarketWatch - Business -
Deutsche Bank expects fewer U.S. commercial real estate provisions in second half
Deutsche Bank, one of the banks most exposed to U.S. commercial real estate, reported elevated levels of credit-loss provisions for a second straight quarter but said they will start to gradually decline.MarketWatch - Business