Steve Eisman of “The Big Short” fame said that if the spread of the banking crisis stops the Federal Reserve from raising interest rates next week, investors should be fazed by that. “Fifty basis points is off the table. So,…
It took about 36 hours from the time rumors on Twitter started about Silicon Valley Bank’s problems until the bank closed on Friday. Tech investors used Twitter to warn startups to withdraw money from SVB, as the bank is known,…
Brussels will clamp down on imports of Chinese green technology, reduce bidding for public contracts and make it harder for buyers to access subsidies. The measures are expected to be announced by the European Commission on Thursday as part of…
Three days into his position as Silicon Valley BankGovernment-appointed CEO Tim Mayopoulos has a message for venture capital and powerful startup clients.: Bring the money back. That was consistent throughout Mayopoulos’ response as he fielded more than 400 questions from…
Texas officials on Wednesday announced a state takeover of the nearly 200,000-student Houston public school district, the nation’s eighth largest, following years of threats and anger from Democrats who attacked the move as political. The announcement, made by the Commissioner…
British economy: Chancellor Jeremy Hunt delivered the spring Budget. The Office for Budget Responsibility released its latest economic forecast. England attacked: Junior doctors, Amazon workers and more than 70,000 university staff are starting three days of industrial action over pay,…
Nathan Frei, a former active infantry officer, who served from 2011 to 2015 and Judge Advocate General in the US Army, first noticed problems with hearing in 2013, shortly after returning from training with the US Navy. Nate was diagnosed…
While the failure of Silicon Valley Bank was a shocking event for the startup world and caused a crisis of investor confidence in the banking system, it has also become a pop culture event. And as the fascination with the…
Extra pension tax for higher earners, more free childcare for working parents and all-round help with energy bills top the chancellor’s list of measures for consumers, households and savers. Retirement benefits for seniors will rise in an effort to encourage…
Silicon Valley Bank’s crisis creates attractive entry points in home solar stocks Sunrun and Sunnova Energy International, according to Wells Fargo. “Weakness in resi-solar driven by the SVB crisis is a buying opportunity,” analyst Michael Blum said to clients in…