More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls to limit the fallout of the bank’s collapse and avoid a possible “extinction-level event” for tech companies.
Madison Square Garden Entertainment Corp. said it filed a lawsuit against the New York State Liquor Authority, accusing the regulator of threatening a ban on the consumption of alcohol at its venues.
Bank runs. Stiffening Federal Reserve resolve against inflation. Credit risk, and the risk of recession. Investors absorbed a lot of shocks the last few days. Shaking them off all at once may be impossible.
Prime Minister Rishi Sunak is heading to the US on Sunday to meet President Joe Biden and Australian Prime Minister Anthony Albanese as the three nations unveil the next phase of the AUKUS nuclear submarine program, a security partnership meant to counter China.
Decentralized finance, a corner of crypto that is both a practical and philosophical rejection of traditional banking, is being tripped up by the collapse of a brick-and-mortar bank.
Authorities ordered residents in the California farming town of Pajaro to evacuate early Saturday after a nearby river swollen by recent torrential rains breached its levee.
The rapid failure of Silicon Valley Bank is threatening to upend a rebound in credit markets that had been luring investors back to even some of the riskiest corporate borrowers.
Federal Reserve policy has been a “horror show” ever since former Chair Paul Volcker stepped down in 1987, resulting in a series of bubbles and crashes, according to Jeremy Grantham, the co-founder of investment firm GMO.
The US president’s plane is getting a new paint job — and it looks a lot like the old one.
The Federal Deposit Insurance Corporation added a few new employees to its payroll late Friday, taking on workers from shuttered Silicon Valley Bank, at least for a few weeks, as it serves as receiver of the collapsed lending institution.
