Fed had expressed its concerns over Silicon Valley Bank for years: reports
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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 -
We know how to deter British children from alcohol, say experts, after concerns over WHO report
Study found Great Britain had worst rate of child alcohol consumption in world, but youth drinking is said still to have ‘declined sharply’. In 2000, about 19% of children under 16 in England smoked, according to Action on Smoking and Health. By ...The Guardian - World -
This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year
Success didn't come easy for Pang Gek Teng, the 35-year-old founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand in Singapore.CNBC - 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 -
Unilever backed its full-year guidance after reporting better-than-expected revenue for the first-quarter on higher volumes.
Unilever backed its full-year guidance after reporting better-than-expected revenue for the first-quarter on higher volumes.The Wall Street Journal - World -
Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.The New York Times - Tech -
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 -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - 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 -
GDP report revives stagflation fears in the market, with growing risk of a Fed rate hike seen
Thursday’s U.S. economic data is ringing alarm bells in the minds of traders, economists and others, who are beginning to voice concerns that the world’s largest economy could be shifting into a stagflation-type of environment.MarketWatch - Business - Federal Reserve -
GDP report shows why it’s a fool’s game to bet on the Fed’s interest-rate moves
Buying stocks after the “final rate hike” in a cycle demands perfect timing.MarketWatch - Business -
Chipotle posts big earnings beat as diners shake off higher prices
The burrito chain said traffic increased 5.4% in its first quarter.CNBC - Business -
10-year Treasury yield ends near highest levels of 2024 as Fed’s preferred inflation gauge looms
Yields on U.S. government debt finished slightly higher on Wednesday, with the benchmark 10-year rate close to 2024’s peak levels, as traders focused on the next major inflation update at the end of the week.MarketWatch - Business -
Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates
Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.CNBC - Business -
US advances review of Nevada lithium mine amid concerns over endangered wildflower
The Biden administration has taken a significant step in its expedited environmental review of what could become the third lithium mine in the U.S. That's assuming it can withstand anticipated legal challenges from conservationists who fear it ...ABC News - Tech -
Congo questions Apple over knowledge of conflict minerals in its supply chain
Congo’s government is questioning Apple about the tech company’s knowledge of “blood minerals” from a conflict zone in the African country that could be smuggled into supply chainsABC News - Tech - Apple -
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 -
Yen slumps to fresh 34-year low as Bank of Japan stands pat with no sign of intervention
The Japanese yen fell to a fresh 34-year low versus the U.S. dollar after the Bank of Japan left monetary policy unchanged and gave little indication that intervention to support the currency was imminent.MarketWatch - Business -
Evening Report — Protests rock college campuses over Israel-Hamas war
A quick recap of the day and what to look forward to tomorrow {beacon} Evening Report © Greg Nash / The Hill Protests rock college campuses over Israel-Hamas war Pro-Palestinian protests have roiled college campuses across the U.S. this ...The Hill - Politics - Israel -
Supercell to release Squad Busters, 1st new game in over 5 years
Supercell announced that Squad Busters will launch on May 29 as its first global game in over five years.VentureBeat - Tech -
Nearly 70 Years After McDonald's Got Its Start, This Simple Fact Will Surprise and Delight You
There's a reason McDonald's has become such an integral part of American culture and is so beloved worldwide.Inc. - Business -
28 Years Later Adds Jodie Comer, Ralph Fiennes, And Aaron Taylor-Johnson To Cast - Report
Danny Boyle and Alex Garland's upcoming zombie movie 28 Years Later has made significant progress this year. In addition to finding a home with Sony, the film has reportedly found its lead actors.According to a Deadline report, the upcoming zombie ...GameSpot - Tech -
Eagles, wide receiver A.J. Brown agree to 3-year, $96 million contract extension
A.J. Brown is set to make $32 million per season, which will make him the highest paid wide receiver in NFL history.Yahoo Sports - Sports - NFL -
Synthesia takes next leap in AI video with ‘expressive avatars’
Synthesia says healthcare companies could use the new technology to create more empathetic videos for their patients or marketing teams could use it to convey excitement and optimism in their demo clips.VentureBeat - Tech -
Anne Heche’s son says her estate cannot pay its debt of over $6 million
Anne Heche’s son said her estate is unable to pay its debts following her 2022 death after the fiery crash of her car into a Los Angeles home.NBC News - Top stories -
Save the Children Says Its Guatemala Offices Were Searched Over Abuse Claims
Prosecutors in Guatemala, which has a history of targeting nonprofit groups, said they were probing claims of child abuse, which the charity denied.The New York Times - World -
Report: NBA investigating Nikola Jokić’s brother for allegedly punching fan after Nuggets’ Game 2 win over Lakers
Strahinja Jokić appeared to punch a fan shortly after the Nuggets' wild win over the Lakers on Monday night in Denver.Yahoo Sports - Sports - NBA -
Over 90% of trans youths live in states with bills that target their rights, report says
More than 90% of transgender youths live in states that have already passed or are currently considering bills that restrict their rights.NBC News - Top stories -
Over 90% of trans youths live in states with bills that target their rights, report says
More than 90% of transgender youths live in states that have already passed or are currently considering bills that restrict their rights.NBC News - Politics -
Google's parent said quarterly profit jumped and it announced its first cash dividend, sending its stock soaring after months of scrutiny over an expensive push in artificial intelligence.
Google’s parent said quarterly profit jumped and it announced its first cash dividend, sending its stock soaring after months of scrutiny over an expensive push in artificial intelligence.The Wall Street Journal - World -
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.The Wall Street Journal - World -
WATCH: Tourists flock to see Death Valley in bloom
Gorgeous fields of wildflowers are taking over California with bright yellow daisies even popping up in Death Valley, the driest and hottest place in America.ABC News - Top stories -
A new wave of e-commerce disruption could close 45,000 retail stores over the next five years, analysts say
UBS analysts have suggested that e-commerce isn’t done upending brick-and-mortar retail just yet.MarketWatch - Business -
Stephen Curry named NBA's Clutch Player of the Year: Warriors star wins honor over DeMar DeRozan
Curry is the second-ever winner of the Clutch Player of the Year awardCBS Sports - Sports - NBA -
Overreactions, reality checks for 2024 NFL Draft: Kirk Cousins era already over? Big Year 1 for J.J. McCarthy?
Which draft observations are overreactions and which are reality?CBS Sports - Sports - NFL -
He Had Her at the Baby Moose
Ashleé Miller, a musician, expanded her dating profile to upstate New York and Massachusetts. She didn’t expect to end up in Alaska with Francis Marley, a search and rescue operator.The New York Times - Lifestyle -
Watch Rickie Fowler ace the third hole at Pine Valley
Fowler's hole-in-one was recorded while he was playing with Justin Thomas at the top-ranked club.Yahoo Sports - Sports -
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 -
The Dream of Fed Rate Cuts Is Slipping Away
Investors are backing away from expectations that the central bank can reduce rates in coming months, hitting markets.The Wall Street Journal - World - Federal Reserve