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Business News

Location American Business News for 10 March 2023
Silicon Valley Bank shut down by regulators in stunning collapse The feds have taken control of Silicon Valley Bank after it faced a sudden liquidity crisis.
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DeSantis and GOP are waging war against 'woke' ESG. Now business groups are fighting back. Bills that would bar dealings with financial institutions that follow ESG principles have been defeated in Republican-controlled statehouses.      
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Mexican Drug Cartel Reportedly Claims Responsibility--And Apologizes--For Abducting And Murdering Americans A letter purportedly written by members of the cartel apologized for the kidnapping and murder.
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Wall Street's 4 top banks just had $55 billion wiped off their market value in a single day JPMorgan, Bank of America, Wells Fargo and Morgan Stanley saw $55 billion wiped off their combined market capitalization on Thursday.
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Saudi Arabia making peace with Iran in a deal brokered by China is a 'middle finger to Biden' The deal comes as the US contends with historic tensions with both Iran and China, and signals Beijing's growing influence in the Middle East.
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Banks Lose Billions in Value After Tech Lender SVB Stumbles Index of banks posts biggest drop since pandemic roiled markets nearly three years ago
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"Believe me, there are people willing to pay the price," one real estate professional told CNBC.
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Bitcoin slips under $20K amid Biden budget, Silvergate collapse The price of BTC briefly slipped under $20,000 in the early hours of Mar. 10 and is now hovering just above $20,000 at the time of writing.
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Fed Chair Powell Provides Update on US Central Bank Digital Currency Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making p...
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Biden defends $6.9 trillion budget proposal, GOP calls plan for 2024 'misguided'; Recap White House unveiled Biden's new tax plan for the rich and lowering the deficit kicking off fiscal fight with Republicans.      
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Ongoing threat assessments "show evolving risks that require continuous protection," the budget request read.
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Infant car seats that we've tested--and love--to consider amid Maxi-Cosi recall Many Maxi-Cosi infant car seats have recently been recalled. Here are three alternatives we've tested and love to replace yours.      
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Doctor-Rating Websites Lack Convictions and Medical Malpractice Claims Against Some Physicians Researching physicians online can be a quagmire, one expert says; 'It's all over the place.'
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US employers add 311,000 jobs in February, more than expected The unemployment rate rose to 3.6% in February from 3.4% in January.
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BP CEO pay doubles to $12 million as high energy costs surge profit Total pay for BP's CEO more than doubled to $12 million last year, as soaring energy costs allowed oil and gas companies to rake in record profits.
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Silicon Valley Bank meltdown sparks contagion fears: 'We found our Enron' Peter Thiel's venture capital firm Founders Firm advised clients to withdraw their deposits from the bank.
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Meta says it's working on a Twitter-like social network

Business Insider - 10 Mar 2023 15:30
Meta says it's working on a Twitter-like social network "We believe there's an opportunity for a separate space where creators and public figures can share timely updates," Meta told Platformer.
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In 2022, US Consumers Spent An Extra $1 Trillion Due To Increased Prices As we entered 2023, we asked ourselves, how much more did US consumers spend due to increased prices in 2022?
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WW International Stock Is A Buy Following Sequence Deal WW International announced that it would acquire digital health company Sequence for a net consideration of about $106 million, as it looks to enter the increasingly popular obesity drug market.
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Is a key interest rate going to rise sharply this month and put the U.S. closer to recession? Maybe, if the economy posts another supersized increase in new jobs in February.
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Oil prices fall Friday, on track for the biggest weekly losses since early February, after Fed Chair Jerome Powell drove home the point that interest rates will rise more than previously anticipated.
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Fantasizing about the future is fun and free, but it can also be dangerous. The things we need to be happy in retirement (and at any age) are pretty simple.
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