Biden speaks with California governor about Silicon Valley Bank: White House
Contagion fears have spread in markets after the bank’s collapse.
Saudi sovereign wealth fund reportedly near $35 billion deal for Boeing jets
Saudi Arabia’s Public Investment Fund is reportedly close to a deal to order Boeing commercial jets for the fleet of a new national airline.
Silicon Valley Bank employees received bonuses hours before government takeover
The SVB employee bonuses were for work done in 2022 and had been in process days before the company’s collapse, sources said.
Relativity at the last moment calls off launch attempt of Terran 1 rocket after briefly igniting engines
3D-printing specialist Relativity Space postponed the latest attempt at its debut rocket launch on Saturday.
More coverage disruptions at BBC as suspended soccer host Gary Lineker crisis deepens
The BBC’s sports coverage faced a second day of severe disruptions Sunday as dozens of staff refused to work in solidarity with top soccer host Gary Lineker.
Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
The U.S. cryptocurrency firm Circle’s USD Coin lost its dollar peg and fell to a record low Saturday morning.
I just traveled to Argentina — and doubled my money with a ‘black market’ exchange rate
Hyperinflation has fueled the creation of multiple exchange rates in Argentina, where cash is king. There’s a legal way for tourists to get a preferential rate.
After a wild, losing week for stocks, investors brace for more market-moving data
Reports next week will give us significant insight into how the broader economy is holding up.
Mikaela Shiffrin sets World Cup skiing record with 87th win
American skier Mikaela Shiffrin set the outright World Cup record for most career victories with 87 by winning a slalom Saturday.
Bank of England seeks to wind up Silicon Valley Bank’s UK arm
SVB UK has a limited UK presence and “no critical functions supporting the financial system,” the bank said.
