Silicon Valley Bank Failure Sparks Startup Concerns Bailout Pushback
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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 -
Campus Protests Over Gaza Intensify Amid Pushback by Universities and Police
There were more than 120 new arrests as universities moved to prevent pro-Palestinian encampments from taking hold as they have at Columbia University.The New York Times - Top stories -
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 -
Tokyo Exchange Courts Asian Startups for IPOs
The Tokyo Stock Exchange aims to attract listings from Asian startups, leveraging the market’s recent gains and positioning itself as a preferred fundraising destination for companies outside Japan.The Wall Street Journal - World -
Tokyo Exchange Courts Asian Startups for IPOs
The Tokyo Stock Exchange aims to attract listings from Asian startups, leveraging the market’s recent gains and positioning itself as a preferred fundraising destination for companies outside Japan.The Wall Street Journal - World -
Nootbaar, Gibson spark Cardinals to 5-1 victory over Diamondbacks
Lars Nootbaar drove in two runs and Kyle Gibson pitched six effective innings, lifting the St. Louis Cardinals to a 5-1 victory over the Arizona Diamondbacks in the finale of three-game seriesABC News - Sports - MLB -
How the Columbia protests sparked campus demonstrations across the country
The decision by Columbia University’s president to call in the New York Police Department to clear pro-Palestinian protesters from the campus last week appears to have sparked the spate of increasingly strident demonstrations.NBC News - Top stories -
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 -
Concord outbids Blackstone for rights to songs by Shakira, Justin Timberlake
The Nashville music producer, which is being financed by Apollo Global Management, outbid private equity giant BlackstoneMarketWatch - Business -
Santos under fire after Lima’s brief return sparks volley of protest
Female players claim they feel punished after coming forward anonymously to report sexual and moral harassment. Moving the Goalposts: sign up for our free newsletterSantos found themselves at the centre of controversy this month when the Brazilian ...The Guardian - World -
‘Recipe for disaster’: Venice entry fee sparks confusion and protest on day one
Some residents say €5 fee aimed at curbing tourist numbers goes against principle of freedom of movement. For more than 160 years, visitors have been arriving at Venezia Santa Lucia train station and disembarking straight into the heart of one of ...The Guardian - World -
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 -
This startup helps plants talk to farmers, reducing pesticides and agricultural waste
InnerPlant's technology uses fluorescents in the plants, so the leaves emit a signal when they are in distress.CNBC - Business -
U.S. Natural Gas Futures Sink on Storage Concerns
U.S. natural gas futures posted their sharpest one-day decline since mid-January, with May hitting a new contract low amid prospects of an increase in already hefty excess storage.The Wall Street Journal - World -
U.S. Natural Gas Futures Lose Ground on Storage Surplus
U.S. natural gas futures added to the previous day’s losses as a weekly inventory report showed a larger-than-expected build in natural gas storage.The Wall Street Journal - World -
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 -
Oil prices give up losses to settle at a more than 1-week high
Oil futures shake off early losses Thursday to finish higher, with both U.S. and global benchmark prices settling at their highest in more than a week.MarketWatch - Business -
New crash test results raise concern for some small SUVs
The Insurance Institute for Highway Safety has updated its testing of vehicles’ ability to avoid crashes. The results show there is some concern for smaller SUVs, as most models did not do well.CBS News - Top stories -
Macro concerns kept games investors cautious in Q1 2024 I InvestGame
Gaming investments totaled $2.2B in Q1 2024 according to InvestGame. Investors remain risk-averse with few exit options on the table.VentureBeat - Tech -
USC cancels main graduation commencement ceremony, citing safety concerns
Columbia protest encampment to continue after deadline to clear out passesNBC News - Top stories -
Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions
AI startup Synthesia on Thursday announced the launch of its "Expressive Avatars," AI-generated digital avatars that can convey human emotions.CNBC - Business -
Exclusive: AI startup Edia guarantees better math outcomes for school districts within one year
AI startup Edia is guaranteeing improved math outcomes for students in grades 6-12 within a year, offering a full refund if results aren't met.VentureBeat - Tech -
How This 26-Year-Old First-Time Founder Raised $55 Million for Her AI Startup
Demi Guo dropped out of Stanford's prestigious AI program and is now running one of AI's hottest startups.Inc. - 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 -
‘We were all set to enjoy our retirement’: My son invested in startups and we bailed him out with $100,000. What now?
“When we agreed to help, it was with the understanding that this debt would be paid back with his share of inheritance.”MarketWatch - Business -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - 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 -
'It's on everybody's mind': Morehouse faculty and students raise concerns about Biden's graduation speech
Morehouse College’s leadership is set to hold a call on Thursday to address concerns over having President Joe Biden as the school’s commencement speaker next month.NBC News - Top stories - Joe Biden -
A US-led effort to bring aid to Gaza by sea is moving forward. But big concerns remain
The construction of a new port in Gaza and a UABC News - World -
This isn’t ‘some brink’ for the U.S. consumer despite concerning economic data, says TCW
A resilient consumer isn’t likely to turn into a wrecking ball for the U.S. economy, according to Peter Van Gelderen at TCW.MarketWatch - Business -
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 -
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