Fed’s Barr calls Silicon Valley Bank failure a ‘textbook case of mismanagement’
The Federal Reserve’s top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement.
BioNTech shares slip on gloomy Covid vaccine sales outlook
The shares initially fell by 6.4% to an intraday low of $119.98 a share before recovering most of those losses in late morning trading.
Microsoft says its new version of Teams is twice as fast
Microsoft is starting to test its new version of Teams for Windows. The new version will be twice as fast, the company said.
Jeremy Siegel says Fed Chair Powell still has the ‘completely wrong approach’
Wharton professor believes inflation is largely under control and that the Fed’s decision to maintain rates is the “wrong approach” for the economy.
Disability rights activist faces Supreme Court showdown over hotel accessibility lawsuits
The justices will decide whether accessibility “testers” can sue over a lack of information on hotel websites when they have no intention of staying at the hotels in question.
Philadelphia rescinds bottled-water alert after chemical spill in the Delaware River
City officials said tap water was safe to drink for now after the spill of a chemical used in latex finishing. The system was under constant testing, they said.
Bragg pushes back after House Republicans escalate oversight into Trump hush money case
Trump’s GOP allies have rallied around him as he faces possible criminal charges in New York.
Goldman’s strategy to play the $3 trillion energy revolution
The U.S. needs ‘another energy revolution to maintain its energy cost leadership,’ the Wall Street investment bank said.
The digital media rollup dream is dead for the moment — now it’s all about core brand strength
BuzzFeed, Vice, Vox Media and Bustle Digital Group are sharpening their focus to enhance core strengths.
Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say
Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.
