Miami Beach Declares Emergency to Halt Spring Break Violence
Miami Beach declared a state of emergency and imposed a curfew Sunday night in response to two fatal shootings in the city’s Ocean Drive entertainment district.
Bloomberg Business
New Starbucks CEO Takes Reins Early From Howard Schultz
Starbucks Corp. said Laxman Narasimhan has assumed the role of chief executive officer on Monday, two weeks earlier than planned.
US Economy Has Investor Backing as Bank Risks Grow
Markets have been trading as if the end of the world is at hand – but what most participants see, behind the recent financial turmoil and contagion fears, is a still-strong US economy, the MLIV Pulse survey shows.
New York School Vaccination Rules Left Intact by Supreme Court
The US Supreme Court refused to consider forcing New York to give more children medical exemptions from the state’s school vaccine requirements.
US Credit Crunch Raises Risk of Fed Slamming Brakes Too Hard
A banking crisis in a matter of days has emerged to potentially choke off a red-hot economy, raising the odds of a recession that the Federal Reserve has been working to avoid.
Swiss Look On in Dismay as Once-Mighty Credit Suisse Craters
On Sunday, one of Switzerland’s biggest newspapers featured a drawing of Credit Suisse Group AG’s headquarters in flames. The image, meant to evoke what the headline said were the bank’s “last days,” was also a metaphor for the embarrassment and consternation the lender’s swift unraveling has caused in its home country.
Credit Suisse Rescue Deal Adds to Qatar’s Canary Wharf Headaches
The Qatar Investment Authority’s stake in Credit Suisse Group AG isn’t the sovereign wealth fund’s only source of pain following UBS Group AG’s cut-price acquisition. It is also the bank’s major landlord in London.
Goldman Says Banking Turmoil Will Weigh More on UK Than Eurozone
The turmoil striking the banking sector will add to a long list of headwinds causing the UK economy to flatline in 2023, Goldman Sachs has warned, as the crisis threatens to curtail lending.
Silicon Valley Bank’s Bidding Process Extended by the FDIC
The Federal Deposit Insurance Corp. extended the bidding process for Silicon Valley Bank after receiving “substantial interest” from multiple potential buyers.
Generative AI’s Next Frontier Is Video
A simple prompt can generate a three-second video on a new AI tool from the startup Runway, hinting at a future of AI-created films and videos
