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Business News

Location American Business News for 25 March 2023

Work-From-Home Era Ends for Millions of Americans

Wall Street Journal - 25 Mar 2023 11:30
Work-From-Home Era Ends for Millions of Americans A Labor Department survey shows far more people worked on-site full time in 2022 compared with the year before.
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Welcome to the Superprime Banking Crisis

Wall Street Journal - 25 Mar 2023 15:30
Rising interest rates have exposed the problem with building a strategy around serving wealthy clients.
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How AI-powered business intelligence enables CFOs to use data to glean insights rather than impose their own metrics onto them.
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Billionaire 'Bond King' Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon Billionaire Jeffrey Gundlach, aka the “Bond King,” has predicted that the Federal Reserve will be cutting interest rates substantially soon. “Red alert recession signals,” he added, noting that all U.S. Treasury ...
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4,000 new customers and $2 billion in deposits: How Brex sprang into action as Silicon Valley Bank collapsed The fintech startup saw an opportunity to help fellow SVB clients in its own way: through an emergency bridge credit line. Two weeks ago, on what seemed like a typical Wednesday, Brex cofounder and co-CEO Henrique Dubugr...
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Euler Finance Hacker Sends 51,000 Stolen Ether Back to Protocol EUL tokens jumped 47% on the transfer of tokens.
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Biggest Movers: XRP Climbs 5%, as LTC Nears Multi-Week High on Saturday The crypto asset xrp rose by as much as 5% on Saturday, following declines of a similar amount during yesterday’s session. This comes despite the global crypto market cap moving lower, falling by 0.51% at the time of w...
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Make Your Own Bank Run On These Blue-Chip Yields Is it time for us contrarians to "buy the dip" in bank stocks?
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Startup losses, which have been cumulating for years, are a problem for venture capitalists, stockholders and lenders like SVB.
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The Banking Industry's Go-to Crisis Adviser

The New York Times - 25 Mar 2023 14:00
The Banking Industry's Go-to Crisis Adviser Rodge Cohen is one of the most influential people behind the scenes of cleaning up the banking crisis.
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4 banks have collapsed in less than a month. Here's what Jerome Powell, Nouriel Roubini, Elon Musk and others are saying about the turmoil. Deutsche Bank is the latest to spark concern, and it follows the recent collapses of Silvergate, Silicon Valley Bank, Signature and Credit Suisse.
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The city of Philadelphia is launching a guaranteed income program to help combat a high infant mortality rate: $1,000 a month for pregnant people.
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You no longer need a college degree to work at these 7 companies More and more companies are dropping degree requirements because they put them at a disadvantage in today's hot job market.
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Dish Network---and Its Customers---Are Still Reeling From Cyberattack Customers say they can't access HBO Max and other services, while the pay-TV provider says it has resolved many issues.
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Bitcoin Was a Winner During the U.S. Banking Crisis, but Illiquidity Prevents It From Being a USD Hedge While capital flowed into bitcoin amid a period of uncertainty, the cryptocurrency's fractured liquidity arguably played the largest role in its surge.
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Tech workers are taking to TikTok to debate 'fake work'

Business Insider - 25 Mar 2023 12:08
Tech workers are taking to TikTok to debate 'fake work' Some on TikTok said they experienced not having enough work to do, but a former Meta worker disagreed, sharing an old jam-packed work calendar.
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American Express Offers $2.3 Million in Grant Funding to Back Small Businesses This week, government agencies and corporations launched several opportunities that provide grant funding for small business.
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Nasdaq to Launch Crypto Custody Service to Meet Growing Market Demand - Here's What You Need to Know Nasdaq aims to launch its much-anticipated crypto custody service by the end of the second quarter to meet the increasing institutional interest and demand for crypto services. In an interview with Bloomberg on Friday, I...
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This DICGC insured FD rates hiked, senior citizens can earn as high as 9.01% on 1000 days tenor Fincare Small Finance Bank (SFB) hiked its interest rates on fixed deposits of less than ₹2 Cr.
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Why aren't brands that advertise on TikTok using their power rather than just waiting for a ban? Advertisers and marketers have a role to play in the drama over a potential TikTok ban, but they’re either unable—or unwilling—to participate. During Thursday’s four-hour-long grilling of TikTok CEO Shou Zi Chew ...
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What to read to understand banking crises

livemint.com - 25 Mar 2023 06:01
What to read to understand banking crises Seven books, and two films, for people curious about financial catastrophe
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Hollywood Is Betting on Fear

Wall Street Journal - 25 Mar 2023 06:00
Hollywood Is Betting on Fear A boom cycle in scary movies is here as studios seek to lure audiences back to theaters. Brace yourself for a new brand of horror.
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