Facebook Chairman and CEO Mark Zuckerberg testifies before the House Financial Services Committee on “The Examination of Facebook and its Impact on the Financial Services and Housing Sectors” at the Rayburn Building Office Building in Washington, DC on October 23,…
The government’s inflation report released Tuesday is expected to show that price acceleration in the United States remained very high in February, putting the Federal Reserve in a very difficult position. The Fed is expected to raise interest rates by…
US President Joe Biden has said he “intends” to go to Northern Ireland to mark the 25th anniversary of the Good Friday Agreement, after accepting an official invitation from British prime minister Rishi Sunak. The two leaders met at Naval…
Investors should hold shares of the Western Alliance regional bank, according to Wells Fargo. The company reiterated its overweight rating on the stock, while lowering its price target to $65 from $90. Still, the new price target represents a 148.9%…
Ken Griffin, founder and CEO of Citadel, was not happy with the extraordinary measures taken by the US Federal Reserve to protect depositors at Silicon Valley Bank and Signature Bank on Sunday. “There is a loss of financial discipline with…
UK wage growth slowed in the three months to January as economic pressures made employers more confident about hiring, official data showed on Tuesday. Annual growth in average total pay, including bonuses, was 5.7 percent in the three months to…
SANTA CLARA, CA, USA – MARCH 13: People wait outside Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened when the bank collapsed, on March 13, 2023. (Photo by Nikolas Liepins/Anadolu Agency via…
Meta walked away from NFT less than a year after launching on Instagram and Facebook. In a tweet thread Monday, the company’s head of trading and financial technology, Stephane Kasriel, said The company is shifting its focus. “We learned a…
Shares of Japan’s biggest banks fell sharply on Tuesday as global markets reacted to a US banking sector sell-off triggered by the collapse of tech-focused Silicon Valley Bank. Traders in Tokyo said they expected a second day of big stock…
The collapse of Silicon Valley Bank has increased volatility in the tech sector, coming hot on the heels of expectations that interest rates are likely to remain high for some time. The tech-heavy Nasdaq Composite closed 0.45% higher on Monday.…