Bloomberg Business

A Russian fighter jet collided with a US surveillance drone in international airspace above the Black Sea, causing the American aircraft to crash, the Pentagon said.

Silicon Valley Bank’s lack of a chief risk officer for much of last year is being examined by the Federal Reserve as part of its probe of the bank’s failure, two people familiar with the matter said.

US regulators have begun soliciting interest from potential buyers of Signature Bank, the New York-based lender that was seized by the government on Sunday, according to people familiar with the matter.

Regional US bank stocks led by First Republic Bank and PacWest Bancorp clawed back some of their steep losses in the wake of Silicon Valley Bank’s collapse.

OpenAI is unveiling the successor to an artificial intelligence tool that spawned viral services ChatGPT and Dall-E, and set off an intense competition among technology companies in the area known as generative AI.

Oil nosedived late in the session as ample crude supply balances and growing unease over the US economy’s trajectory sent bulls fleeing.

Ohio sued rail operator Norfolk Southern Corp. over what the state described as the “entirely avoidable” train derailment that spilled toxic chemicals last month in the town of East Palestine.

ConocoPhillips wasted no time beginning work on its controversial $8 billion Willow oil project in Alaska after President Joe Biden approved the venture.

As banking stress sparked turmoil on Wall Street last week, a familiar bogeyman is being blamed for making things worse: Thin liquidity.