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.
Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley Bank
Traders have been watching this week for signs of contagion in the financial sector from developments surrounding startup-focused Silicon Valley Bank and Silvergate.
Indonesia’s Merapi volcano erupts, spews hot cloud
Merapi last violently erupted in 2010, leading to more than 350 casualties.
Li Qiang becomes China’s premier, tasked with reviving economy
He is the first premier since the founding of the People’s Republic who has never previously held a position in the central government.
A major inflation report and fallout from Silicon Valley Bank hang over markets in week ahead
February’s consumer inflation report should be a big driver for markets in the week ahead, as investors watch for continued Silicon Valley Bank fallout.
Companies scramble to meet payroll, pay bills after SVB’s swift failure
Tech companies that banked at SVB are wondering when they’re going to be able to pay employees and their bills after Friday’s collapse.
Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours
As dust begins to settle on the biggest American bank failure since 2008, members of the VC community lament the role other investors played in SVB’s demise.
Wage growth is cooling — but workers still have bargaining power, economists say
The Federal Reserve is trying to rein in historically high wage growth to tame inflation. Overall, the job market remains hot for workers, economists said.
