Senate Panel Calls on Silicon Valley and Signature Banks Ex Ceos to Testify
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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 -
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 -
Key Solar Panel Ingredient Is Made in the U.S.A. Again
REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 2019.The New York Times - Business -
Key Solar Panel Ingredient Is Made in the U.S.A. Again
REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 2019.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 -
India's poll panel seeks responses to complaints against Modi, Rahul Gandhi
Yahoo News - World - India -
Caitlin Clark reportedly signing a $28 million endorsement deal with Nike, includes signature shoe
Clark previously had an endorsement deal with Nike while she played at IowaCBS Sports - Sports -
Wanted: A CEO to Fix Boeing
The plane maker, which is searching for a new chief executive, is likely to consider a small number of people, including several former Boeing executives.The New York Times - Top stories -
David Pecker testifies on news arrangement with Trump, Cohen
David Pecker, the former publisher of the National Enquirer, continued to testify Thursday in former President Donald Trump's criminal trial in New York. CBS News national correspondent Errol Barnett is covering the latest.CBS News - Top stories - Donald Trump -
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 -
Trump, allies were part of Michigan fake elector scheme, investigator testifies
A Michigan prosecutor testified Wednesday that former President Trump and senior campaign allies contributed to a scheme to overturn the state’s 2020 electoral results. Michigan attorney general’s office special agent Howard Shock said Trump is an ...The Hill - Politics -
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 -
Trump trial hears new details about alleged "catch and kill" scheme
Former National Enquirer boss David Pecker appeared on the stand for the third day, detailing an agreement the tabloid made with a former Playboy model.CBS News - Top stories - Donald Trump -
'At least if he wins I will be pardoned for electoral fraud,' tabloid editor's text reads at Trump trial
Pecker, a former publisher of the National Enquirer, testified Tuesday about how the tabloid fabricated stories to help Trump's 2016 presidential campaign.NBC News - Top stories - Donald Trump -
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 -
David Pecker testifies Michael Cohen said Trump ‘furious’ over refusal to pay Stormy Daniels – live
Ex-National Enquirer publisher emphasizing in testimony that he refused to pay off any more people for Trump when Stormy Daniels looked to sell her affair. A guide to Trump’s hush-money trialWho is David Pecker, key witness in Trump’s criminal ...The Guardian - World - Donald Trump -
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 -
Embracer's Name Is Going Away, CEO Denies It's Due To Backlash And Controversy
Video game giant Embracer won't have that name for much longer. As part of the company's recent announcement that it's splitting into three distinct companies, the Swedish giant also confirmed that the name Embracer is going away.. Current ...GameSpot - Tech -
Nvidia CEO Jensen Huang personally delivers first DGX H200 to OpenAI
Nvidia CEO Jensen Huang personally delivers the groundbreaking DGX H200 AI processor to OpenAI, heralding significant advancements in AI technology and research capabilities.VentureBeat - Tech -
The flight attendant who became CEO hopes more women will make it to the top
Yahoo News - World -
Elon Musk Is a Once-in-a-Lifetime Leader. But Is He Really Worth 250 CEOs?
Tesla's record-breaking CEO pay was voided in court. The board just asked shareholders to vote it in again.Inc. - Business - Elon Musk -
JPMorgan CEO Jamie Dimon Gives a Soft Landing Long Odds
Jamie Dimon says the U.S. consumer is in good shape right now, but a huge fiscal deficit and geopolitical challenges make him cautious about the future. He sits down with our editor in chief.The Wall Street Journal - World -
TikTok CEO plans to fight against a bill that could ban the app
President Joe Biden signed the bill that would ban TikTok in the United States if its Chinese parent company doesn’t sell it in 270 days, but CEO Shou Zi Chew vows to fight back against legislation. NBC’s Savannah Sellers reports for TODAY.NBC News - Politics - Tiktok -
Open seating no more? Southwest CEO says airline is weighing cabin changes
Southwest stands apart from other large airlines because it does not have seat assignments.CNBC - Business -
CEOs are quitting at record rates, and women are twice as likely as men to leave
Women CEOs are twice as likely as men to quit within 2 years, and four times as likely to leave within 1 year.CNBC - Business -
Open seating no more? Southwest CEO says airline is weighing cabin changes
Southwest Airlines is considering changes to its single-class, open-seating cabins to drive up revenue, CEO Bob Jordan told CNBC on Thursday, a shift that could be among the largest in the airline’s history.NBC News - Top stories -
San Francisco authorities search for former Slack CEO's teenager who is considered a runaway
Authorities in California are searching for the teenage child of former Slack CEO Stewart Butterfield.NBC News - Top stories -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
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