Silvergate Slumps as Regulators Discuss How to Resolve Crypto Bank’s Crisis
Shares of Silvergate Capital Corp. slumped amid talks with federal regulators about ways for the troubled crypto-friendly bank to avert a collapse.
Bloomberg Business
2023 Is Already a Record Year for Anti-LGBTQ Bills in the US
State lawmakers in the US have already introduced more anti-LGBTQ bills this year than in the past five years combined.
Grayscale CEO Sonnenshein Says ETF Court Ruling May Come by Third Quarter
Grayscale Investments anticipates that a federal appeals court may decide by the third quarter whether to overturn the US Securities and Exchange Commission’s rejection of its application to convert its Bitcoin trust into an exchange-traded fund.
China Faces More Limits on Chip-Export Gear From Netherlands
The Netherlands, home to ASML Holding NV, is preparing restrictions on certain chipmaking machines amid pressure from the U.S. to clamp down on China’s access to critical semiconductor technology.
One Year Later, LME Nickel Trading Remains Crippled by Crisis
One year since a runaway short squeeze that transfixed the global financial world, the London Metal Exchange’s nickel market is still struggling to get back on its feet.
FTC Hits Back at GOP Over Musk, Twitter Privacy Probe Demands
A US Federal Trade Commission official said the agency is “doing its job to protect Americans’ privacy” on Wednesday after facing scrutiny from Republicans over the the agency’s ongoing investigation into Twitter Inc.
Powell Softens Tone and Says March Rate Hike Size Is Not Yet Decided
Federal Reserve Chair Jerome Powell softened his tone slightly during a second day of congressional testimony, saying policymakers will wait for fresh jobs and inflation data before deciding how much to raise interest rates later this month.
Battery Metal Frenzy Outshines Recovery Fears at Mining Show
Tepid global demand for metals driven by recession fears and China’s weak economic recovery have done little to shake the belief among miners that battery materials are heading for an epic bull run.
A Little Heat in Jobs Report Would Give Fed Green Light for Bigger Rate Hike
Federal Reserve Chair Jerome Powell said returning to big interest-rate hikes depends on more than just Friday’s jobs report, but economists reckon just a little strength in the data will be all it takes.
Hunt Plans Pensions Overhaul to Stop Doctors Leaving UK’s NHS
UK Chancellor of the Exchequer Jeremy Hunt is planning to reform pension tax rules in his budget next week in a bid to cut the number of doctors quitting the National Health Service.
