It’s day four of CERAWeek by S&P Global in Houston. Yesterday was heavy on discussions of electricity and natural gas. US Energy Secretary Jennifer Granholm’s keynote address struck a friendly tone as she sought to mend ties between the fossil-fuel industry and the Biden administration.
US banks are being forced to do something they haven’t done for 15 years: fight for deposits.
Founders Fund, the venture capital fund co-founded by Peter Thiel, has advised companies to pull money from Silicon Valley Bank amid concerns about its financial stability, according to people familiar with the situation.
A former executive working under the 21st Century Fox banner was convicted of bribing soccer officials to win lucrative broadcast rights to tournaments while a second former executive accused of the same crime was acquitted. Uruguay sports-marketing company Full Play was also convicted
The Bank of Canada’s No. 2 official said policymakers need time to assess whether they’ve raised borrowing costs enough to curb inflation, reiterating that their path on rates can differ from peers.
Inflation seems poised to stick around for longer than previously expected, according to new research from the Federal Reserve Bank of New York.
Sentiment soured on Wall Street Thursday after a rout in the banking sector drove concerns pockets of trouble in the sector could portend broader dangers. Investors are now steeling for Friday’s payrolls report.
China is expected to hand Xi Jinping a third term as president when the roughly 3,000 members of its rubber-stamp legislature vote Friday, completing his ascension as supreme leader of the world’s No. 2 economy.
A group representing 150,000 truckers is calling on the US Senate to oppose President Joe Biden’s pick for Labor Secretary over a California labor rule it says has stifled drivers’ independence.
A selloff in Bitcoin accelerated as sentiment in digital assets soured following the collapse of crypto-friendly bank Silvergate Capital Corp. and news of a legal action brought by New York state against crypto platform Kucoin. A sudden plunge in a well-known exchange token linked to digital-asset entrepreneur Justin Sun added fuel to the decline.
