Regulators Hold Auction for Silicon Valley Bank
MarketsFinanceBuyers for bank are sought in an effort to repay depositors Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Saudi Aramco Posts Record $161 Billion Profit for 2022
Saudi Arabia’s national oil company reported the largest profit by an energy firm, continuing a dramatic turnaround for the industry...
Investors, Startups Work to Find Cash Lifelines After Silicon Valley Bank Collapse
TechVenture funds extend short-term loans amid cash crunch while some founders plan to use personal funds to cover payrolls Source...
Circle’s USDC Stablecoin Breaks Peg With $3.3 Billion Stuck at Silicon Valley Bank
MarketsCurrenciesCryptocurrencySpooked investors cashed out over $2 billion worth of USD Coin, knocking the dollar-pegged token below 87 cents Source link
WSJ News Exclusive | Saudi Sovereign-Wealth Fund Close to Deal for Boeing Jets
WSJ News ExclusiveBusinessA large order for planes is expected to coincide with launch of Saudi airline Source link
Bank of England Shuts Silicon Valley Bank’s U.K. Subsidiary
The unit has no critical function in the country’s financial system, the BOE said, but others worry about the hit...
A Supermarket Megamerger Will Redefine What You Buy at the Grocery Store
Kroger and Albertsons want to merge in a $20 billion deal. If antitrust regulators approve, the definition of a grocery...
WSJ News Exclusive | Meta Plans New Layoffs That Could Match Last Year’s in Scope
Facebook’s parent is planning additional job cuts in multiple rounds over the coming months that in total would be roughly...
Boeing Can Resume 787 Dreamliner Deliveries, FAA Says
Deliveries of the wide-body jets had been halted in February over a regulatory documentation issue. Source link
Jobs Report Offers Little to Change Interest Rate Outlook for the Fed
EconomyOfficials are weighing whether to raise the benchmark federal-funds rate by a quarter-point or a half-point Source link
U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return
EconomyEurope EconomyFalling energy prices will give a longer boost to growth, but strikes are a drag Source link
Former Fox Executive Found Guilty in FIFA Bribery Scheme
Hernan Lopez was convicted of conspiring to pay tens of millions of dollars in bribes to secure the broadcasting rights...
Biden’s Budget Sets Up Battle With GOP, Would Cut Deficits by $3 Trillion Over 10 Years
PoliticsPresident’s proposal would raise taxes on businesses and wealthy people Source link
Biden Seeks Extension of Trump Tax Cuts for Most Households
The extension would target households making under $400,000 a year. The tax cuts are scheduled to lapse after 2025 unless...
WSJ News Exclusive | Baidu Scrambles to Ready China’s First ChatGPT Equivalent Ahead of Launch
Employees working round-the-clock say the AI chatbot, dubbed Ernie Bot, is still in training mode ahead of a planned March...
Executives Lose a Coveted Status Symbol—Their Assistants
A dedicated admin is now a rare perk as companies cut jobs and technology automates many tasks. Source link
Fed’s Jerome Powell Says Data Will Determine Size of Next Rate Increase
EconomyU.S. EconomyFebruary reports on hiring, inflation will guide rate decision, central bank chair says in testimony Source link
Joe Biden’s Budget Proposal for 2024: What to Know
PoliticsPresident’s budget blueprint Thursday will lay out his priorities for government spending, set stage for talks with Republicans Source link
Adidas Slashes Dividend as Problems Mount
A slump in China and a mountain of unsold products are among the challenges facing Adidas after a bruising 2022...
Drug to Prevent Preterm Births to Be Pulled From Market
BusinessHealth CareHealthCovis Pharma, the maker of Makena, is planning the withdrawal after a study failed to confirm the drug works...
