Failed Silicon Valley Bank
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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 -
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 -
Silicon Valley’s General Catalyst closes in on $6bn fund for tech start-ups
Venture capital firm’s success underlines divergence between big names and smaller groups as fundraising slows more broadlyFinancial Times - 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 -
Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Top stories -
Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Politics -
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 -
10 Best Lubes (2024): Water-Based, Silicone, and Lube Dispensers
For the most sensitive parts of the human body, friction is the enemy. Here’s how to keep it at bay.Wired - Tech -
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 -
Wada launches review into Chinese failed doping tests
The World Anti-Doping Agency launches an independent review after 23 Chinese swimmers were cleared to compete at Tokyo 2020 despite failing drug tests.BBC News - Top stories -
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 -
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Intel’s earnings forecast fails to clear low bar, and the stock’s drop continues
Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street’s expectations.MarketWatch - Business -
Inside the UK’s failing plans to ‘level up’ left-behind towns
The promise of billions in regeneration funding helped Boris Johnson win power in 2019. But critics say little has changed on the groundFinancial Times - World -
Inside the UK’s failing plans to ‘level up’ left-behind towns
The promise of billions in regeneration funding helped Boris Johnson win power in 2019. But critics say little has changed on the groundFinancial Times - Business -
New EU nature law will fail without farmers, scientists warn
Open letter calls for green policies that empower farmers, after months of protests jeopardise future of flagship biodiversity deal. The EU’s nature restoration law will only work if it is enacted in partnership with farmers, a group of leading ...The Guardian - World - European Union -
Rooting for Trump to Fail has Made Millions for Investors Shorting His Stock
Diving into the former president's meme stock is not for the faint of heart, but day traders who laugh atTrump Media & Technology's financials are willing to take therisk.Inc. - Business - Donald Trump -
Operation Zufolo: Australia deployed a ‘charade’ to sustain indefinite immigration detention – it failed
Exclusive: The federal government set out to show it was trying to deport non-citizens, knowing there was a risk a key high court ruling could be overturned. But an insider says it was purely symbolic. Get our morning and afternoon news emails, ...The Guardian - World -
Retired pro wrestler, failed congressional candidate indicted in Vegas murder case
A retired professional wrestler who failed in bids for Congress from Nevada and Texas has been indicted on a murder charge in the death of an Idaho man during a Halloween Party last year at a Las Vegas Strip hotelABC News - Top stories -
First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
Fulton Financial acquires Republic First Bank after first U.S. bank failure of 2024
After struggling under the weight of higher interest rates, Republic First Bancorp on Friday found another regional lender willing to rescue it: fellow Pennsylvania-based bank Fulton Financial Corp.MarketWatch - Business -
Arizona state House passes bill to repeal 1864 abortion ban after several failed attempts
Arizona lawmakers will again attempt to repeal a near-total ban on abortion from 1864 that was upheld by the state Supreme Court earlier this month.NBC News - Top stories - Abortion -
Arizona state House passes bill to repeal 1864 abortion ban after several failed attempts
Arizona lawmakers will again attempt to repeal a near-total ban on abortion from 1864 that was upheld by the state Supreme Court earlier this month.NBC News - Politics - Abortion -
Charlie Woods, Tiger Woods’ 15-year-old son, fails to advance in U.S. Open qualifier
Charlie Woods shot a 9-over 81 in the first stage of U.S. Open qualifying on Thursday in Florida.Yahoo Sports - Sports - US Open -
Charlie Woods, son of Tiger, shoots 81 in local qualifier and fails in bid to play in US Open
Charlie Woods failed to qualify for his first U.S. Open after shooting 9-over 81 in a local qualifying event in FloridaABC News - Sports - US Open -
NFL Draft Day 2 winners and losers: 49ers' WR drama an epic fail
The Chargers did well in the first three rounds, showing Jim Harbaugh can adapt, but people were talking about San Francisco on Friday for all the wrong reasons.Yahoo Sports - Sports - NFL -
Jesus’ Blood Never Failed Me Yet — how a homeless man’s singing became a contemporary classic
Composer Gavin Bryars looped and layered a recording of a rough sleeper to create something hypnoticFinancial Times - Business -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
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 -
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 -
Regulators Seize Troubled Philadelphia Bank, Republic First
The bank had some of the same problems as the ones that failed in 2023.The Wall Street Journal - World -
Regulators Seize Republic First, a Troubled Philadelphia Bank
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.The New York Times - Business -
Capital levels are a poor predictor of bank failure
Regulators should be embracing much more sophisticated measures of lenders’ healthFinancial Times - Business