Silicon Valley Bank Rescue
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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 -
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 -
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 -
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 -
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 -
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 -
Hawaiian scientist quests to find and save the state’s native sugarcanes
Sugarcane biodiversity disappeared as big plantations dominated the sugar trade in Hawaii, but now native varieties are making a comeback. . Noa Kekuewa Lincoln remembers when he first encountered native Hawaiian sugarcane in 2004. The fresh ...The Guardian - World -
Fernandes rescues Manchester United in frantic win over Sheffield United
With 81 minutes gone Bruno Fernandes collected a Kobbie Mainoo pass and with a swish of his left foot fired a laser past Wes Foderingham and Manchester United were 3-2 ahead. The question now was could they, at last, hang on to a lead.. This was ...The Guardian - World - Premier League -
Twenty-nine pilot whales dead after mass stranding on WA beach
Up to 160 whales have beached themselves at Toby Inlet near Dunsborough, more than 250km south of Perth. Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAuthorities are ...The Guardian - World -
29 whales dead after stranding in Australia; over 100 rescued
A mass stranding of long-finned pilot whales in Western Australia led to the deaths of 29 of the creatures that beached near a tourist town.CBS News - World -
29 whales dead after stranding in Australia; over 100 rescued
A mass stranding of long-finned pilot whales in Western Australia led to the deaths of 29 of the creatures that beached near a tourist town.CBS News - Top stories -
100 Pilot Whales Are Rescued After Mass Stranding in Australia
Of the 160 whales stranded near the town of Dunsborough on Thursday morning, more than 100 were returned to the ocean. Twenty-nine others, however, died on the beach.The New York Times - World - Australia -
Can a new batch of tech earnings rescue the market? Here are the factors at play
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
Why chipmakers are the stars of the week, plus Cramer's read-through on 3 reports
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
Palestinian baby rescued from dead mother’s womb dies in Gaza hospital
Infant dies five days after caesarean delivery following death of mother in Israeli airstrike in Rafah. Middle East crisis – live updatesA premature Palestinian baby rescued from her mother’s womb shortly after the woman was killed in an Israeli ...The Guardian - World -
Orca calf successfully returned to open water after bold rescue in Canada
Two-year-old calf one step closer to reuniting with family group after tragic accident that left her stranded in remote lagoon. An orca calf, trapped for weeks in a remote lagoon in western Canada, has freed herself and is travelling towards open ...The Guardian - World -
Over 100 pilot whales beached on western Australian coast have been rescued, officials say
Officials say more than 100 long-finned pilot whales that beached on the western Australian coast have returned to sea, while 29 had died on the shoreABC News - World -
More than 100 pilot whales are rescued after being stranded in Western Australia
More than 100 long-finned pilot whales that beached on the western Australian coast have returned to sea, while 31 died on the shore, a whale researcher said.NBC News - Top stories - Australia -
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Premature baby girl rescued from her dead mother's womb dies in Gaza after 5 days in an incubator
A relative says a premature Palestinian infant, who was rescued from her mother’s womb shortly after the woman was killed in an Israeli airstrike, has diedABC News - World -
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 -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New YorkABC 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