SVB collapse reportedly being probed by DOJ, SEC
The Justice Department and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group, the...
Dow surges as fears of big rate hikes ease
Wall Street’s main indexes climbed on Tuesday after consumer prices in the world’s largest economy rose in line with expectations, bolstering bets of a smaller...
Meta confirms another 10,000 layoffs
Meta confirmed plans Tuesday to lay off approximately 10,000 more employees — expanding a bloodbath that began with about 11,000 job cuts last November. The...
SVB bailout shows ‘capitalism is breaking down’: Ken Griffin
Billionaire hedge fund titan Ken Griffin slammed the US government’s decision to backstop all depositors who had money in Silicon Valley Bank, saying it was...
Credit Suisse shares hit record low amid market turmoil
Credit Suisse shares hit an all-time low in early Tuesday trading after the Swiss banking giant admitted to discovering “material weaknesses” in its financial reporting...
First Republic, banks rebound despite Moody’s downgrades
Shares of First Republic Bank and other US-based regional lenders were poised for a bounce on Tuesday despite Moody’s Investors Service announcing that it would...
Inflation rose 6% in February as Fed mulls more rate hikes
Inflation rose in February as sudden turmoil in the US banking sector sparked uncertainty about the Federal Reserve’s next move in the fight to bring...
Investor Robert Kiyosaki who called Lehman collapse predicts the next big US bank failure
The Wall Street analyst and investor who called the 2008 Lehman Brothers’ collapse has revealed what bank he thinks will hit insolvency next amid Silicon...
Veselka plans new NYC outposts to dish out Ukraine comfort food — and comfort to war-torn country
More soup, er, borscht, for you! Legendary East Village diner Veselka, which has dished out Ukrainian comfort food like borscht and pierogies for nearly 70...
Bitcoin leads crypto rebound after SVB collapse sparked selloff
Cryptocurrencies rebounded Monday after President Biden announced plans to limit the fallout from the collapse of two regional banks and the issuer of the USD...