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'Inundated with requests': Digital currency firms look to Swiss banks after crypto-friendly lenders fail

Crypto firms are scrambling to find institutions to bank with after the collapse of Signature Bank and Silvergate Capital.

FDA approves lab-grown 'GOOD Meat' chicken product, second such authorization in US

The US Food and Drug Administration (FDA) issued a “no questions” response to GOOD Meat, marking the company’s lab-grown chicken product safe to eat.

SVB Financial clashes with FDIC over fate of $2bn in bankruptcy hearing

Creditors believe cash under banking regulator’s control could be used to repay them

President's Economic Report Blasts Crypto for 'Ignorance of Basic Economic Principles'

Innovation in digital assets is "mostly about creating artificial scarcity," the White House says. "Many of them have no fundamental value."

Dow Jones Futures: Market Runs Into Fed Decision; GME Skyrockets Late, First Republic Tumbles | Investor's Business Daily

UBS Prefers to Take Credit Suisse Dealmakers to First Boston Plan

UBS Group AG wants to cherry-pick top dealmakers from Credit Suisse Group AG's investment bank instead of supporting Michael Klein's plan to build out First ...

Nike sees year-over-year increase in revenue, drop in net income for third quarter

Nike’s results for the fiscal 2023 third quarter came out Tuesday afternoon and showed revenue rising and net income dipping compared to the same period last year.

Asia markets mostly rise as investors await Fed's key rate hike decision

Asian markets rise as banking stocks in the U.S. extend a rally and ahead of the Fed's rate hike decision

Walmart store in downtown Honolulu closing in April | Business | kitv.com

The Walmart store in downtown Honolulu will close its doors for good in April 2023, an official confirmed with KITV4.

A.I. is a brand new computing platform you can program with your own language, says Nvidia CEO

Mad Money host Jim Cramer sits down with Nvidia CEO Jensen Huang to discuss the company's move into artificial intelligence, announced today at the GPU Techn...

First Republic hires Lazard to explore options after share price tumbles

US regional bank has been among the hardest hit in the fallout from Silicon Valley Bank’s collapse

As Nvidia pushes to democratize AI, here’s everything it announced at GTC 2023

At GTC 2023, Nvidia announced innovations to democratize access to tools capable of building generative AI applications like ChatGPT.

Cramer weighs in on the fear that seems to be gripping investors over banks

Mad Money host Jim Cramer asks why people are being so negative, and looks at the fear that seems to be overtaking investors when it comes to banks.

White House Takes Aim at Crypto in Scathing Economic Report

The report, authored by the White House Council of Economic Advisers, laid out a number of issues seen within the digital asset ecosystem.

Buyers pour into housing market as prices drop for first time since 2012

Data from the National Association of Realtors confirms the first year-over-year decline in median housing prices since 2012.

Frozen fruit recalled, linked to outbreak of Hepatitis A

At least two people have been hospitalized with Hepatitis A after eating frozen strawberries, per the CDC. Frozen fruit from Trader Joe's, Costco, others were recalled.

Why Elon Musk Is a Big Headache for Biden

Giant Eagle parts ways with CEO of past 11 years

Giant Eagle is separating from its CEO of 11 years.

Disney Layoff Rounds Likely Starting Before Annual Meeting; Details On Cuts Emerge

EXCLUSIVE: With Disney’s April 3 shareholder meeting — a virtual affair this year — less than two weeks away, some clarity is emerging about the company’s plans to reduce st…

First Republic stock tumbles after hours as bank reportedly hires more advisers

Lazard and McKinsey reportedly hired to help troubled bank navigate its crisis; statement insists bank’s ‘commitment to client service is unchanged, and we remain well-positioned to continue to manage deposit activity’

Vulnerable Americans left hanging on the question of another round of Covid-19 boosters this spring

US officials are weighing whether to offer people who are at high risk of severe Covid-19 the chance to get another bivalent booster, according to a source familiar with the deliberations, who asked not to be named because they were not authorized to share th…

Walmart closing downtown Honolulu store - Honolulu Star

Walmart plans to close its under-performing Fort Street Mall store and pharmacy in downtown Honolulu on April 21, the company announced today.

Dow Giant Falls Despite Earnings Beat; Swiss Peer ONON Soars

Nike earnings fell less than expected, but rising inventories hit margins.

Jim Cramer says investors need to take a 'longer view' to survive this volatile market

"Anyone who thinks they know what’s gonna happen in the next hour or two is wrong," CNBC's Jim Cramer said on Tuesday.

Market is mispricing Fed rate policy amid bank turmoil, former Bridgewater CIO suggests

Financials Up as First Republic Rallies -- Financials Roundup

Shares of banks and other financial institutions rallied as fears of a First Republic Bank failure, and a domino chain of collapses, were alleviated by...

Giant Eagle board ends Shapira family leadership of the company and its board with Laura Shapira Karet's departure - Pittsburgh Post

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Lab-grown chicken is one step closer to being sold in the US

Americans are one step closer to being able to buy chicken grown from animal cells, also known as lab-grown meat.

Fed officials meet in shadow of banking crisis, high inflation

Turmoil within the banking sector has upended expectations for the Federal Reserve's rate-hike decision Wednesday as officials continue to grapple with high inflation.

Dodge’s Last Hemi V-8 Challenger Will Challenge for Fastest Production Car in the World

The Challenger SRT Demon 170 car has over 1,000 horses under the hood, and the brand claims it can rocket from zero to 60 mph in a record 1.66 seconds.

GameStop Shares Surge After It Posts Surprise Profit

The videogame retailer records its first quarterly profit in two years

Bitcoin Holds Firm Above $28K, Equities Rise Amid Banking Sector Rebound

The FOMC will announce its next interest rate decision on Wednesday with markets betting squarely on a 25 basis point rate increase.

Bill Gates says AI is only the second revolutionary tech advancement in his lifetime

Microsoft co-founder says development of artificial intelligence will be as fundamental as the PC or the internet

GameStop Surges After Reporting First Profit in Two Years

(Bloomberg) -- GameStop Corp. reported a surprise profit in the fourth quarter and beat analysts’ estimates for revenue, sending the shares soaring as much...

We Thought This Pandemic House-Buying Trend Would Stick—Zillow Says Otherwise

We thought this pandemic house buying trend would stick—a new report from Zillow suggests otherwise.

Global banking system is stable amid crisis, US treasury secretary says - BBC News

US treasury secretary Janet Yellen offered reassurance that the banking system is stable in a speech to bankers in Washington.Yellen said the US government i...

Coinbase asks Supreme Court to keep customer disputes out of court

If the plaintiffs prevail, Coinbase and other companies requiring their customers to agree to arbitrate disputes could see more costly, time-consuming, and...

Gerber powdered infant formula voluntarily recalled due to possible bacteria exposure

Sad about Cracker Barrel closing? Don’t be. These local country-style restaurants are even better

Cracker Barrel announced the closures of its Portland-area and Bend restaurants. But that’s okay.

Walmart permanently closing Brooklyn Center store April 21

A Walmart spokesperson said employees can transfer to another store. Five Walmart stores are within 13 miles of the Brooklyn Center location.

Foot Locker to close about 400 stores by 2026 as company decreases shopping mall presence - KABC

Foot Locker will be closing about 400 stores by 2026, the company announced.

GME Stock Skyrockets 34% After GameStop Blows Away Earnings Forecasts

Scientists have made a seven-ingredient 3D printed cheesecake

All ingredients in the study were bought from a New York City grocery store and stuffed into a 3D printer.

Lawmakers Call on Hyundai, Kia to Do Something About Thefts

Attorneys general from 23 states wrote a scathing letter to the automakers, demanding more protection for owners of vehicles vulnerable to 'Kia Boys' thefts.

Nike's holiday quarter plagued by bloated inventory, weak China sales

Investors have been watching to see if Nike's gross margins improve from its direct-to-consumer channels.

SVB Financial Group seeks cooperation with FDIC after $2 bln frozen

An attorney for SVB Financial Group <a href="https://www.reuters.com/companies/SIVB.O" target="_blank">(SIVB.O)</a> told a judge on Tuesday it was seeking cooperation from regulators who seized its Silicon Valley Bank unit and removed $2 billion of its cash, …

Safe-haven demand is 'fleeting,' but gold's response to real yields is not, says Standard Chartered

Bill Gates says OpenAI's GPT is the most important advance in technology since 1980

"The whole experience was stunning," Gates wrote. "I knew I had just seen the most important advance in technology since the graphical user interface."

Elon Musk says what he thinks the Fed should do with interest rates

Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.

People should be really focused on risk management at this point, says JPMorgan's Jason Hunter

Jason Hunter, JPMorgan head of technical strategy, joins ‘Closing Bell’ to discuss whether this week's market rebound shows underlying stability or vulnerabi...

Bank jitters put spotlight on commercial real estate. 3 charts pinpoint the trouble spots.

‘I don’t think it’s going to be a repeat of the 90s,’ said Michael Thom, a partner at law firm Obermayer, but he said getting a property loan has become harder.

US-assembled Genesis electric GV70 is now available in 15 states

Genesis Motor revealed today that the fully electric “Electrified GV70,” assembled in the US at its Alabama facility, is now...

Traffic backups begin as Kennedy construction gets underway, and it could get worse

Lane closures are expected to be extended overnight Tuesday

Fed Interest-Rate Decision in Focus as It Weighs Inflation, Bank Crisis

All eyes in the financial and economic world will be laser-focused Wednesday on the Federal Reserve as Chair Jerome Powell tries to balance his fight against inflation against a sudden banking crisis.

Satellite maker Terran Orbital sees annual revenue climb near $100 million

Terran Orbital reported fourth-quarter results on Tuesday, posting annual revenue that more than doubled while the company continued to build its order backlog.

UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT

UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($...

UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT

UBS <a href="https://www.reuters.com/companies/UBSG.S" target="_blank">(UBSG.S)</a> is set to enter talks with Michael Klein to terminate a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse's <a href="https://www.reuter…

Biden’s climate change ‘zealotry’ contributed to Silicon Valley Bank collapse, Republican AGs charge

16 AGs scolded Janet Yellen, Jerome Powell and others for contributing to the failure of SVB by prioritizing Biden’s climate agenda over sound banking practices.

SVB's Loans to Insiders Tripled to $219 Million Before It Failed

Cracker Barrel closing all Portland-area restaurants

Cracker Barrel has permanently closed its remaining restaurants in the Portland area.

Ford Explorer 2023: Compact, Stylish, Electric

This SUV gets a winning design, advanced autonomous drive features, and a spaceship-level dash. So it’s a real shame it’s not coming to the US.

Biden Team Reviews Impact of SVB Collapse on Chinese Startups

DeSantis goes after digital currency in attempt to ban federal effort

Gov. Ron DeSantis (R-Fla.), is urging Florida lawmakers to pass a bill that would ban a federal digital currency in his state, calling it an attempt to push “woke ideology,” the Orlando Sentinel reported.  During a news conference on Monday, Desantis said he’…

Stock Market Today - Tuesday Afternoon March 21 Yahoo Finance

Fed needs to stress test banks' interest rate risks: Former Fed Gov. Frederic Mishkin

UBS to enter talks with Michael Klein to terminate First Boston deal

Executives at Swiss bank believe Wall St veteran secured terms from Credit Suisse that were too generous

Frozen strawberries sold at Costco, fruit blend sold at Trader Joe’s recalled over hepatitis A cases

The FDA recommends people not consume the products and return them to a store for a refund.

Walmart to permanently close Brooklyn Center store

JPMorgan Asset Management chief warns on commercial real estate risks

Property is next sector under threat from rising borrowing costs after bank failures, says boss of $2.5tn firm

Morgan Stanley says buy Meta

Tesla Price Cuts Show There's a Method to Musk's Madness

The electric-vehicle maker's annual growth in EU registrations of nearly 50% outstripped that of industry peers such as Volkswagen.

Coinbase Argues an Arbitration Case in U.S. Supreme Court as Crypto Makes Its Debut

The first cryptocurrency matter to come up at the high court isn’t directly about digital assets but is a dispute over how courts should handle scuffles over arbitration.

The world saw a record 9.6% growth in renewables in 2022

By the end of 2022, global renewable generation capacity grew by 295 GW, or 9.6%, according to the International Renewable Energy Agency.

The US interest-rate decision the world is watching

Can the Federal Reserve continue to raise interest rates in the middle of a banking panic?

Genesis Wants to Be a Household Name with GV70 EV

Hyundai's luxury Genesis brand has a long way to go to catch up with the likes of Mercedes and BMW. Can the American-made GV70 EV help them shift to a higher...

This is the best place to get a burrito in Oregon, according to Yelp

Who doesn’t love a good burrito?

Switzerland bans deferred bonuses for Credit Suisse staff

Finance ministry halts awards as demoralised bankers say ‘we thought it couldn’t get any worse’

FDA Clears California Company's Lab-Grown Chicken as Safe to Eat

Good Meat is second firm to clear regulatory hurdle for cultivated meat product grown using animal cells

EU bends to Germany's demands, proposes separate e-fuels category in 2035 combustion ban

According to a draft proposal recently seen by the media, the European Commission has reportedly added an amendment to its...

Why Big Banks' Stocks Look Too Cheap to Ignore

The largest U.S. lenders look best shielded from the concerns about soundness that followed the failures of Silicon Vally Bank and Signature Bank.

‘Already past the point of no return’: JPMorgan says the U.S. is probably headed for a recession as economic ‘engines are about to turn off’

The banking crisis has left the U.S. significantly more vulnerable to an economic downturn, JPMorgan analysts say.

Gold sees heavy profit taking, position evening as Fed decision looms

Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments

Kroger submits plans for new Louisville store – across from future Publix

The grocery war continues in Louisville, as Kroger proposes another store

Dodge unveils last super-fast gasoline muscle car, Challenger SRT Demon 170

The car go from zero to 60 miles per hour in a scary 1.66 seconds, making it faster than even electric supercars from Tesla and Lucid.

The Federal Reserve Is Likely To Hike, But A U-Turn Is Near

Swiss Suspend Some Credit Suisse Bonuses in Wake of UBS Takeover

The Swiss government said it’s temporarily suspending certain kinds of bonus pay for Credit Suisse Group AG staff following the state-brokered takeover of the bank by rival UBS Group AG.

China's Slow Auto Sales Spurs Race To Cut EV Prices

Major automakers, including Ford, GM, BMW, and Volkswagen have resorted to offering discounts and promotions on EVs in China due to sluggish retail auto sales and increased competition in the market.

A pause would be too dramatic a change for the Fed, says Hightower's Stephanie Link

Positioning ahead of tomorrow's Fed rate announcement — the consensus is the Fed will raise rates 25 bps. With CNBC's Melissa Lee and the 'Halftime Report' i...

'Bloomberg The Open' Full Show (03/21/2023)

Jonathan Ferro highlights the market-moving news you need to know heading into the opening bell on Wall Street. --------Follow Bloomberg for business news &...

Retired couple spent $180K turning semitruck into 'monster' home: photos

The DIY renovation took five years and $180K. The couple travels North America in their custom mobile home, which has a hot tub and spiral stairway.

Bed Bath & Beyond is closing hundreds of stores, but they won’t be empty for long

As the company shutters 400 stores, chains including TJ Maxx, HomeGoods and Ross have alerady scooped up some vacant locations.

Swedish pension fund Alecta dumps First Republic Bank shares after price plummets

Swedish pension fund Alecta lost around $728 million on its sale of shares in First Republic Bank, after losing money in the collapse of Silicon Valley Bank and Signature Bank.

Stock Market Today: Dow & S&P 500 Up in Midday Trading; First Republic Stock Leaps

Live updates of what's moving markets, including the Dow, S&P 500 and Nasdaq Composite.

Perrigo recalls baby formula over possible cronobacter sakazakii contamination

Perrigo issued a voluntary recall for certain lots of Gerber formula due to the potential presence of cronobacter sakazakii, according to federal health officials.

Why U.S. Xpress Enterprises Shares Are Skyrocketing Today

Knight-Swift Transportation Holdings Inc (NYSE: KNX) has agreed to acquire U.S. Xpress Enterprises Inc (NYSE: USX) for a total enterprise value of ~$808...

Researchers 3D printed this cheesecake

Researchers have been pushing the limits of 3D printing for decades, using the manufacturing technique to churn out human organs, rocket parts and more. But can the technology be applied to make a fully baked dessert? A team of engineers revealed the results …

Nvidia pairs with Oracle, other cloud providers to spread AI technology

Nvidia Corp <a href="https://www.reuters.com/companies/NVDA.O" target="_blank">(NVDA.O)</a> Chief Executive Jensen Huang on Tuesday unveiled new cloud computing services with Oracle Corp <a href="https://www.reuters.com/companies/ORCL.N" target="_blank">(ORCL…

Stocks making the biggest moves midday: Tesla, First Republic, KeyCorp, UBS and more

Check out the companies making headlines in midday trading Tuesday.

Starbucks CEO Howard Schultz abruptly steps down early — just days before Senate hearing

Schultz is slated to testify before Bernie Sanders’s Senate HELP Committee next week.

Nvidia partners with Google Cloud to launch AI-focused hardware instances

Nvidia has partnered with Google Cloud to launch new hardware instances designed to accelerate certain AI applications.

Coinbase Heads to the Supreme Court in First Crypto Case

The nation's highest court will hear arguments on Tuesday over whether the crypto exchange Coinbase is allowed to force customers into arbitration.

Frozen fruit recall issued after Hepatitis A outbreak

Scenic Fruit Company has issued a recall for frozen strawberries and an organic tropical blend due to an outbreak of Hepatitis A.

Gilead's Yescarta puts pressure on BMS' Breyanzi with overall survival win in large B-cell lymphoma

Moderna Wants $130 Per COVID-19 Vaccine Dose, US Health Authorities Warn Of Incurable Deadly Fungal Infection, Elon Musk Wants Interest Rate Cut: Today's Top Stories

Reuters Moderna Wants To Charge About $130 Per COVID-19 Vaccine Dose Moderna Inc (NASDAQ: MRNA) expects to charge $130 per dose for its COVID-19 vaccine as...

Pimco and Invesco had the biggest holdings in Credit Suisse CoCo bonds: report

Investment heavyweights Pimco and Invesco will face huge losses with over $1.1 billion of AT1 bond holdings in Credit Suisse now valued at zero, Bloomberg...

Bed Bath & Beyond is closing hundreds of stores, but they won't be empty for long

Other chains are ready to scoop up vacant Bed Bath & Beyond stores.

After SVB collapse, the FDIC stepped in. How much more can it handle?

With the collapse marking the second-largest bank failure in U.S. history, some consumers may be wondering how much the FDIC can handle.

Clarksville's Amazon distribution center won't be impacted by recently announced layoffs | ClarksvilleNow.com

Amazon has announced plans to eliminate 9,000 employees, according to a letter sent to workers on Monday from company CEO Andy Jassy. The layoffs are not expected to affect the new distribution center in Clarksville, which is set to open sometime in 2024.

IRS Seeks to Tax NFTs Like Other Collectibles

NFTs will be taxed like the underlying assets until final rules are agreed on how to treat digital proofs of ownership held in retirement accounts

Ford unveils an electric Explorer crossover built for Europe's narrow streets

Ford has unveiled an electric version of the Explorer, but it's only headed to Europe..

24 bank stocks that contrarian bottom-feeders can feast on now

A financial crisis can set up a bounceback play for investors with strong stomachs

FDA May Authorize Additional Covid-19 Booster Shots - WSJ

Agency officials could make the decision on clearing another round for people at high risk within a few weeks

SVB-Fueled Turmoil Junks Lessons of the Global Financial Crisis

Fed, Congress thought smaller banks, deposits and bonds were boring and safe; instead, they are the source of new fragility

Ford releases fully electric, sub $50k Explorer SUV…in the wrong market

Ford finally took the sheets off its new mid-size electric SUV, a tribute to the automaker’s best-selling Explorer. The fully...

Adobe launches Firefly generative A.I., which lets users type to edit images

Adobe entered the AI race with Firefly, a family of models the company says it will integrate into existing products to help users work efficiently and freely.

Canada Feb inflation rate slowest in 13 months, backing up rate pause

Canada's inflation rate slowed more than expected in February to its lowest level in 13 months, data showed on Tuesday, backing up the central bank's plans to hold off on further interest rates hikes.

Fed pausing rate hikes is the most 'appropriate' thing to do, says J.P. Morgan's Berro

Kelsey Berro, JPMorgan Asset Management fixed income portfolio manager, joins 'Squawk Box' to discuss the right thing to do for the Fed regarding rate hikes ...

Army of lobbyists helped water down banking regulations

WASHINGTON (AP) — It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness to work with President Donald Trump while bucking many in…

Bank Stocks: First Republic Leads Five Banks Rising Tuesday | Investor's Business Daily

Home sales spike in February, median price drops

Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors.

Home prices fell in February, breaking a decade-long streak of year-over-year increases

The median price of a US home was lower this February than it was in February 2022, ending more than a decade of year-over-year increases, the longest on record, according to a National Association of Realtors report released Tuesday.

Adobe Launches Firefly Generative AI Tools

Adobe, a leader in creative software tools, on Tuesday debuts Firefly, a new set of tools that makes it easier to create images with simple text requests.

Ally Financial: Buy Ahead Of Warren Buffett (NYSE:ALLY)

Berkshire Hathaway is Ally Financial's second-largest shareholder. A research firm speculated that ALLY could be a Buffett takeover target. Click here for more.

After Signature Bank Deal, FDIC Is Left With $11 Billion in ‘Toxic Waste’ Loans

(Bloomberg) -- Signature Bank’s partial takeover by a competitor is notable for what it doesn’t include: $11 billion of loans against a class of New York...

After Signature Bank Deal, FDIC Is Left With $11 Billion in 'Toxic Waste' Loans

Fund managers fear a ‘systemic credit event’ as the biggest threat to markets: BofA

Fund managers said the biggest tail risk for March was a systemic credit crunch, according to Bank of America’s latest global fund manager survey.

Four businesses damaged around Dewey Ave

ROCHESTER, N.Y. — Four businesses were damaged in smash-and-grab burglaries on Tuesday night before 5 a.m. around the Dewey Avenue area. Rochester Police say that Kia and Hyundai cars were used in all of the burglaries and they have evidence that at least one…

U.S. seeks to prevent China from benefiting from $52 billion chips funding

The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor manufacturing and research funding from being used by China and other countries deemed of concern.

Used-car prices are going up: Here's a look at why

Used-car prices are rising again, reversing a recent downtrend. What's that mean for your budget, inflation, and the Fed's approach to interest rates?

Dodge CEO explains why he's killing the brand's V8 muscle cars

The Dodge Challenger SRT Demon 170 is the most powerful car the brand has ever made and will be the last V8 muscle car it builds before switching to electric.

First barricades go up on Kennedy Expressway as 3-year reconstruction begins - Chicago Sun

In addition to added congestion Tuesday morning, commuters looking for an alternative had to deal with trains being stopped for a time on the Union Pacific Northwest Line near Barrington.

Knight-Swift Transportation swallows up U.S. Xpress Enterprises for $808M

Knight-Swift Transportation (KNX) struck a deal on Tuesday to acquire U.S. Xpress (USX) for a total enterprise value of approximately $808M, excluding transaction costs. Read more.

Commerce Department Outlines Proposed National Security Guardrails for CHIPS for America Incentives Program

Guardrails Will Ensure Innovations and Technology Funded by CHIPS Act Bolsters Technological and National Security for America and Our Allies

Adobe Express launches an enterprise tier with generative AI tools

Adobe launched the enterprise tier of its creative platform Adobe Express today at the company's Adobe Summit event.

Adobe is bringing generative AI features to Photoshop, After Effects and Premiere Pro | Engadget

Firefly, as Adobe is calling the new system, is actually a family of generative AI models, the first of which is trained to work its magic on both images and font effects.

CNBC Fed Survey: 72% respondents say Fed will hike

CNBC's Steve Liesman reports on news from the CNBC Federal Reserve survey. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cn...

With Firefly, Adobe gets into the generative AI game

Adobe is investing heavily in generative AI, launching a new series of AI models to generate assets like text and images across its products.

Silicon Valley Bank collapse was 'Lehman moment for technology,' top Goldman Sachs deal-maker says

The collapse of Silicon Valley Bank was "a little bit like the Lehman moment for technology," a top Goldman Sachs deal-maker told CNBC.

Top calls on Wall Street Tuesday include Apple & Meta

Morgan Stanley upgraded Harley-Davidson and Meta, while Foot Locker also got an upgrade.

US Tightens China Rules for Semiconductor Makers Getting CHIPS Act Funding

The Biden administration is set to unveil tight restrictions on new operations in China by semiconductor manufacturers that get federal funds to build in the US.

Janet Yellen to signal further US support for deposits at smaller banks

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Stocks rise on Wall Street, even the most beaten-down banks

Stocks are rising on Wall Street, including the banks most beaten down by the industry's crisis

JPMorgan is the unlucky owner of the fake nickel uncovered by the London Metal Exchange—really just bags of rocks

It's the second scandal involving fake nickel in as many months.

Stocks making the biggest premarket moves: Tesla, First Republic, UBS, Foot Locker and more

These are the stocks posting the largest moves in the premarket on Tuesday.

Federal Reserve 'between a rock and a hard place' as interest rate decision looms

The Fed's two-day policy meeting kicks off Tuesday with the central bank perhaps facing the most uncertain landscape in recent memory as rising interest...

Google suspends Chinese shopping app Pinduoduo over malware

Google has suspended Pinduoduo, a popular Chinese budget shopping app, from its Play Store after finding malware in versions of the app.

Stock market news today: Stock futures rise, regional bank stocks rebound

U.S. stock futures are higher ahead of the open on Tuesday following the U.S. and European efforts to stabilize the banking system.

Ford reveals new Explorer EV for the European market

Other than the Explorer name and some design attributes, the new electric vehicle shares little to nothing with the gas-powered SUV in the U.S.

Gold price weaker as risk aversion recedes ahead of FOMC

Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments

TikTok and car thefts: What's behind the nationwide rise

Social media might be to blame for the rise in car thefts nationwide.

Exclusive: EU drafts plan to allow e-fuel combustion engine cars - document

The European Commission has drafted a plan to allow sales of new cars with internal combustion engines after 2035 if they run only on climate neutral e-fuels, as it tries to resolve a spat with Germany over moves to phase out combustion engine cars.

Elon Musk says Fed should cut interest rates by half-point after Bill Ackman asks for pause

Critical information for the U.S. trading day

Porcelli: The Fed should not raise rates in March, but will likely hike by 25 bps

Amazon, Meta layoffs usher in era of revenue per employee

Amazon CEO Andy Jassy is preparing the company to be leaner, but a new push for efficiency risks squeezing employees more than ever.

NYCB upgraded to buy with 'extremely safe' 7.9% dividend yield after FDIC deal

The two banks competed in the same markets, so there should be little disruption in customer relationships, according to D.A. Davidson analyst Peter Winter

Treasury Secretary Yellen says the government could backstop more deposits if necessary to stop contagion

The former Fed chair said authorities believe they have taken appropriate actions to stem liquidity problems, but will do more if needed.

Barclays, JPMorgan Pull Deals as Angst Freezes Junk-Debt Market

(Bloomberg) -- Global banks are growing wary of risky credits as turmoil envelops the industry, crushing the market for new leveraged finance deals just as...

Several Rochester businesses victims of early morning smash-and-grabs - 13WHAM

Rochester, N.Y. 13WHAM is tracking several smash and grab burglaries in Rochester from the overnight and early morning hours.One of them happened at the

Decision to wipe out Credit Suisse bonds 'most likely' politically motivated, bondholder says

David Benamou, chief investment officer at Axiom and Credit Suisse AT1 bondholder, discusses the controversial decision by Swiss authorities to write down $1...

Cryptoverse: Bitcoin passes the bank stress test

As crisis stalks the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven.

Morgan Stanley sees a turnaround for this electrical equipment maker

Investors are watching to see how this stock's acquisition plans play out.

How the banking crisis throws a wrench into Fed rate-hiking

Some bankers and analysts think Federal Reserve may take a break from its rate hikes after the failures of several banks in the U.S. and Europe. The Federal Open Market Committee (FOMC), the Fed’s rate-setting panel, is set to meet Tuesday and Wednesday befor…

Altimmune Announces Positive Results from Week 24 Interim Analysis of Pemvidutide MOMENTUM Phase 2 Obesity Trial and 12-Week Phase 1b Type 2 Diabetes Safety Trial

MOMENTUM Phase 2 Obesity Trial (Week 24 Interim Analysis of 160 Subjects) Mean weight loss of 10.7% (placebo-adjusted 9.7%) at 2.4 mg dose at Week 24Mean...

Fed Preview: Powell Likely to Raise Rates by 25 Basis Points Against Crypto Market's Hope for Status Quo

Not raising rates now may make it more difficult later, some analysts say.

Bed Bath & Beyond is closing hundreds of stores. But they won't be empty for long

Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing 400 stores as it tries to stave off bankruptcy.

Credit Suisse Staff Looking for Jobs Are in the 'Hundreds': Recruiter

Vanguard Plans to Complete Business Exit From China

Vanguard Group Inc. will shutter its remaining business in China after a retreat two years ago, abandoning a $3.9 trillion fund market that global competitor...

Drug shortages upend hospitals care, cancer treatments

Many of the drugs American hospitals rely on are in short supply — and the problem is only expected to get worse.

Asia investors 'gobsmacked' by $17bn Credit Suisse bond wipeout

Risky AT1 debt was popular in the region and a sell-off has sparked margin calls

Nvidia set to reveal new AI technologies at annual conference

(Reuters) -Nvidia Corp Chief Executive Jensen Huang on Tuesday unveiled new cloud computing services with Oracle Corp and others as it rolled out an array...

Kennedy expressway construction project now underway | IDOT says Chicago traffic project will take 3 years - WLS

The barricades are up and it's the first morning of the Kennedy Expressway construction project Tuesday.

'A financial banana republic': UBS-Credit Suisse deal puts Switzerland's reputation on the line

The demise of banking giant Credit Suisse sent shockwaves through financial markets and appears to have dealt a blow to Switzerland's reputation for stability.

JPMorgan, Deutsche Bank must face lawsuits over Jeffrey Epstein ties, judge says

JPMorgan Chase and Deutsche Bank must face lawsuits that accuse them of enabling Jeffrey Epstein's sex trafficking, a US judge said Monday.

Treasury yields climb as bank concerns ease and investors look to Fed meeting

U.S. Treasury yields rose on Tuesday worries about the banking sector calmed and investors awaited the start of the Federal Reserve’s next meeting.

First Republic recovers from record low on new rescue plan (NYSE:FRC)

After closing session at a record low on Monday, First Republic Bank (FRC) has managed some recovery, climbing as much as 21% premarket on Tuesday.The rebound comes as investors swallow...

Bank Fears Rattle Oil Markets Poised for Chinese Boom

Financial-sector stress complicates Wall Street’s outlook for crude

Anxiety Strikes $8 Trillion Mortgage-Debt Market After SVB Collapse

Investors fear other banks will sell mortgage-backed securities, pushing down prices

Watch The NVIDIA GTC 2023, CEO Jensen Huang, Keynote Live Here!

NVIDIA GTC 2023 is hours away & CEO Jensen Huang will be taking the center stage in the keynote & talking about what's next for AI.

Fed interest rate move: 4 reasons to hike, 4 reasons to stand pat

Most economists expect the Fed to lift interest rates by a quarter point despite the SVB crisis but some disagree. Reasons for and against a hike.

Silicon Valley Bank Fallout: The Value of Deposits Is Heading Lower

Foot Locker closing 400 shopping mall locations to prioritize better earning stores

Foot Locker said it will close more than 400 low-performing stores in shopping malls by 2026 as it shifts its focus to niche consumers such as sneakerheads and children.

What Is a Minsky Moment? How Do World Debt Levels Look Now?

Regional and community banks rally to call for FDIC backup

Mid-sized regional banks and community banks around the country are urging regulators to consider lifting the FDIC's threshold for uninsured deposits after they granted exceptions.

JPMorgan Bought $1.3M of Nickel but Received Stones. This Is Not New.

Swiss trader Mercuria Energy received spray-painted rocks instead of $36 million worth of copper it had ordered.

Stock Market Today: Dow, S&P Live Updates for March 21

CNBC Daily Open: First Republic Bank is trying to save itself

UBS' planned takeover of Credit Suisse calmed the market slightly. Broader market conditions, however, still look unstable.

Cracker Barrel permanently closes remaining Portland metro area restaurants

Short seller warned US regulator about Signature Bank in January

Property-focused lender had a reputation for promoting entrepreneurial bankers and a blind spot for risk

Russian Diesel Floods Saudi Arabia as Putin Finds New Oil Markets | Vantage with Palki Sharma

With new Greenville County Square almost move-in ready, other developments take shape soon

Investors Await Next Rally

As investors in collapsed banks lick their wounds, some big fund managers are preparing so they don’t miss the next rally. Richard Henderson reports on Bloom...

High-yield bond spreads show increasing recession jitters

Spreads have blown out over the last two weeks

Asia Pacific stocks rise as investor worries about global banking turmoil ease

Stocks in the Asia Pacific region rose Tuesday as concerns about the global banking sector eased in response to a whirlwind of intervention by policymakers and industry players.

EV batteries lack repairability leading some insurers to junk whole cars after even minor collisions

Some insurers are forced to scrap whole electric vehicles if their batteries are scratched or slightly damaged as they lack repairability and cost as much as 50% of the total vehicle.

PIMCO lost $340 mln with Credit Suisse AT1 bonds write-off - source

Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out by the takeover by UBS <a href="https://www.reuters.com/companies/UBSG.S" target="_blank">(UBSG.S)</a>, with the American investment manager's overall exposure t…

2023 Dodge Challenger SRT Demon 170 Debuts Making 1,025 HP And 945 LB-FT

When making the full 1,025 hp, the Demon 170 can hit 60 mph in 1.66 seconds. It completes the quarter-mile in an NHRA-certified 8.91 seconds at 151.17 mph.

Car Shoppers Are Adapting to Rising Costs by Going the CPO-Route

New car prices are still crazy. Shopping for a certified pre-owned car might just be your ticket to a nice ride for a fair price.

First Mover Asia: Crypto VC Funding Was Resilient in the Bear Market. It’s Now Powering Through This Mini-Bull Cycle

A Crypto Rank team of analysts wrote that “despite the inherent volatility of the cryptocurrency market, venture capitalists…continue to pour significant investments into the industry.”

Cleveland Clinic unveils IBM quantum computer; partnership aims to accelerate healthcare innovation

The IBM Quantum System One installed at Cleveland Clinic will be first onsite private sector IBM-managed quantum computer in the United States.

Hardline US Republicans oppose bank deposit guarantees beyond $250,000 limit

Hardline Republicans in the House of Representatives on Monday vowed to oppose any universal federal guarantee on bank deposits above the current $250,000...

Dodge resurrects controversial Challenger SRT Demon for final year of V8 muscle cars

The 2023 Dodge Challenger SRT Demon 170 will deliver 1,025 total horsepower, 945 foot-pounds of torque and reach 60 mph from a rolling start in 1.66 seconds.

Last Dodge Challenger makes 1,025 hp, has optional parachute attachments

With Dodge's legendary V8-powered muscle cars going out of production at year-end, engineers wanted the last non-electric Dodge Challenger to make a statement. Sort of a very fast, very loud, salute to the fuel-burning era. Buyers just need to be prepared — a…

Want to buy big bank shares? JPMorgan JPM vs Bank of America BAC explained

For those considering big bank stocks, CNBC Pro takes a look at analyst views — and potential upside — for JPMorgan Chase and Bank of America.

New 1-bedroom apartments get smaller, now under 900 feet

New apartments in the U.S. saw their average square footage go down in 2022, according to a report published by the real estate website RentCafe recently.

This is not even close to the same magnitude as 2008, says Neuberger Berman's Steve Eisman

Dairy Queen offering free ice cream at certain locations in the Valley

People can get free ice cream at certain Dairy Queen locations across the Rio Grande Valley.

Markets, Investors, JPMorgan Look Beyond Recession to Rally That Follows

Bitcoin Seesaws Below $28K as Investors Eye Fed Interest Rate Decision

The U.S. central bank is widely expected to boost the rate 25 basis points.

CNBC Daily Open: Not everyone’s happy about UBS buying Credit Suisse

UBS' planned takeover of Credit Suisse calmed the market slightly. Broader market conditions, however, still look unstable.

California expected to move forward with diesel trucks ban

California is expected to receive a waiver from the EPA in the coming weeks, allowing them to ban the sale of diesel trucks.

US FHLB Issued $304 Billion Debt Last Week

Dairy Queen recognizing start of springtime with free cones

Springtime officially started Monday, prompting Dairy Queen to recognize the occasion by offering customers a free dessert.

JPMorgan Chase's nickel bags turn out to be full of stones: report

An apparent mix-up at a warehouse in Rotterdam led to JPMorgan Chase buying what it thought was $1.3 million worth of nickel but turned out to be bags of stones.

I think the Fed's a little more likely to pause, says Wells Fargo's Michael Pugliese

Michael Pugliese, sr. economist at Wells Fargo, joins CNBC’s Jon Fortt and the ‘CNBC Special: Taking stock’ to discuss the Fed’s efforts to tame inflation an...

First Republic Bank shares tumble: How vulnerable is the banking sector? | DW News

Shares of US bank First Republic have plunged more than 50 percent, despite an earlier move by other banks to inject $30 Billion dollars to keep it afloat. S...

Goldman Sachs No Longer Sees $100 Oil In 2023

Previously expecting Brent to hit $100 in the second half, now Goldman Sachs no longer sees triple-digit oil

Bank turmoil triggers uncertainty in Seattle housing market

Bank turmoil triggers uncertainty in Seattle housing market

Economists see two possible scenarios for Seattle's housing market amid ongoing banking uncertainty.

Fed needs to 'call a timeout' and stop hiking rates, says Bleakley's Peter Boockvar

Peter Boockvar, Bleakley Financial Group, on what bank closures mean for the Fed. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Fine...

Stock futures inch higher following Monday's relief rally: Live updates

The market staged a relief rally Monday on the hope that the banking turmoil would be contained.

Jamie Dimon leading efforts for new First Republic Bank rescue plan

First Republic Bank faced a second credit rating downgrade on Monday amid concerns that the troubled San Francisco lender needed another liquidity boost.

Opinion | Barney Frank Was Right About Signature Bank

The FDIC all but confirms it closed the bank over crypto.

First Citizens submits offer for all of failed SVB: Source

Separate bids for the commercial and private banks due this week

Moderna expects to price its COVID vaccine at about $130 in the US

Daily Crunch: Amazon CEO says laying off 9,000 more workers ‘is best for the company long-term’

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

How the Internet Archive faces potential destruction at the hands of Big Four publishers

Digital lending is only fine when we do it

Stocks, Bonds Now Move in Opposite Directions. What That Means for Investors.

While the risk to equities is growing, Treasuries should be able to perform their historical task of providing safety.

Somber Mood Sets in for Credit Suisse Employees

Credit Suisse tells its workers it's "business as usual" as they return to offices on Monday around the globe, even after UBS said it's taking over the bank....

The bank panic of 2023 could be just what the stock market needs to make money for investors again

After the SVB and Credit Suisse implosions, the S&P 500 can be expected to bottom in April or May and post a double-digit gain by March 2024.

Whole Foods coming to downtown Greenville, developers announce

A major, upscale grocery store has announced it will set up shop in downtown Greenville.

Sen. Warren slams Fed's Powell ahead of rate hike decision, Trump expects to be arrested Tuesday

Yahoo Finance senior columnist Rick Newman details Senator Elizabeth Warren's latest comments questioning Fed Chair Jerome Powell's competency amid the unfol...

JPMorgan and Deutsche to face lawsuits over Jeffrey Epstein ties

Manhattan judge allows central accusations that banks benefitted from ties to sex trafficker to proceed

Foot Locker is closing 400 stores by 2026

Foot Locker is planning to shut 400 stores by 2026 as it strives to become more relevant to younger shoppers by relaunching its retail brands, introducing "experiential" new store concepts and simplifying its operations by closing underperforming mall-based s…

Fruit Sold In CA Recalled Due To Hepatitis A Outbreak

Frozen organic strawberries and fruit sold throughout California were linked to a possible outbreak of Hepatitis A, according to the FDA.

S&P 500: Crashing Bank Stock, Dow Giant Lead Losers

Coast Isn't Clear on Bear Market End: Mike Wilson

"The risk-reward is still not attractive given our outlook," Morgan Stanley Chief US Equity Strategist and CIO Mike Wilson says during an interview on "Bloom...

Whole Foods to open new Greenville County location

RocaPoint Partners has announced a new Whole Foods location will open in Greenville County Square as part of a billion dollar redevelopment project For mor...

Janet Yellen is selling bank crisis short as execs fear dozens more teeter on brink

The ill-fated Silicon Valley, Signature banks, and today’s latest headache, First Republic, are the festering sores that signal an even greater degree of banking rot.

Chevron, Energy Stocks Advance As Russian Oil Finds Home In China

Book publishers with surging profits struggle to prove Internet Archive hurt sales

A federal judge will soon decide if digital lending violates copyright laws.

Kia, Hyundai must take action on car thefts, 23 attorneys general say

Nearly two dozen attorneys general penned a letter to Kia and Hyundai urging the carmakers to take action against the "crisis of thefts" in the U.S.

Internet Archive Faces Uphill Battle in Lawsuit Over Its Free Digital Library

The fate of a nonprofit online book library is in the hands of a judge after four book publishers filed a lawsuit for copyright infringement.

Is Warren Buffett Going to Save ALLY Stock?

Florida Governor Ron DeSantis Introduces State Legislation Banning CBDCs

DeSantis said CBDCs are all about “surveilling” and “controlling” the populace.

United Flight 23 Pilot Convinced of 9/11 Fifth Plane Theory, No Coincidence

A United pilot scheduled to fly on 9/11 says he lived in denial for years about the possibility hijackers targeted his plane that day ... but he's more convinced than ever now.

European bank CoCos under pressure after Credit Suisse sale to UBS triggers historic loss on specialty bonds

Goldman Sachs pegs toll of Credit Suisse’s CoCo wipe out as the biggest ever to AT1 investors

FHLB Issues $304 Billion in One Week as Banks Bolster Liquidity

JPMorgan’s Kolanovic Sees Increasing Chances of ‘Minsky Moment’

(Bloomberg) -- Bank failures, market turmoil and ongoing economic uncertainty as central banks battle high inflation have increased the chances of a “Minsky ...

JPMorgan Owned the LME 'Nickel' That Was Actually Bags of Stones

JPMorgan Chase & Co. owned the London Metal Exchange nickel contracts that turned out to be backed by bags of stones rather than metal, according to people familiar with the matter.

Bed Bath & Beyond stock falls to 30-year low on reverse stock split plan

Shares of Bed Bath & Beyond hit a 30-year low on Monday following the retailer’s decision to propose a reverse stock-split to shareholders at a special...

Document Shows Regulators Knew Of SVB Risk Five Years Ago

Bank overseers published a 2018 report with a major red flag about Silicon Valley Bank — and then they ignored it.

Cracker Barrel permanently closes remaining Portland metro area restaurants

Cracker Barrel has permanently closed its remaining two locations in the Portland metro area, citing the pandemic.

How the Swiss 'trinity' forced UBS to save Credit Suisse

The takeover of its local rival could end up being a generational boon for UBS. But the government-orchestrated deal has angered many investors

Amazon Plans to Lay Off an Additional 9,000 Workers

CEO Andy Jassy cites an ‘uncertain economy’ and more uncertainty in the near future

Investors shelter in short-term Treasurys, reducing Bitcoin’s chance of rallying to $30K

Bitcoin price rallied as U.S. and European banks struggled, but derivatives data hints that the rally could be short-lived.

What happens during a ‘credit crunch’ — and how you can prepare for one

Banks will likely tighten lending after the collapse of Silicon Valley Bank and Signature Bank, experts said. It may be harder or more costly to get a loan.

Here's why Apple has been able to avoid layoffs

CNBC's Steve Kovach and Annie Palmer join 'Power Lunch' to discuss the layoffs in big tech companies and why Apple has avoided job cuts so far. » Subscribe t...

Stocks higher as the market gears up for the Fed's next move

CNBC’s Bob Pisani joins ‘Power Lunch’ to report on midday trading. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/Su...

Why Credit Suisse almost failed — and what’s next in the banking crisis

There is a lot of uncertainty about whether the banking crisis can be contained.

The Fed is blowing up our financial system, says Strike founder & CEO Jack Mallers

Jack Mallers, Strike founder and CEO, joins ‘Power Lunch’ to discuss Bitcoin as the cryptocurrency topped $28,000 for the first time in 9 months. » Subscribe...

AAD: UCB touts 48-week data for bimekizumab in hidradenitis suppurativa

9 Practical Uses of ChatGPT in Programming - MUO

Gold Prices Remain Resilient Despite Banking Crisis Resolution: Invesco's Kristina Hooper

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices

FDA staff says Biogen's ALS drug may have a 'clinical benefit' on a rare form of the disease

The FDA staff on Monday said Biogen's investigational ALS drug tofersen may have a "clinical benefit" on a rare and aggressive form of the disease.

ESPN layoffs are coming soon — and nearly everyone is vulnerable

ESPN’s latest round of layoffs will have “no sacred cows,” meaning everybody from top on-air people to big-time executives are being scrutinized.

Here's a key lesson from Silicon Valley Bank and the banking crisis

The collapse of Silicon Valley Bank and the banking crisis provide "a great case study" for clients, advisor says. Here's what investors need to know.

Price analysis 3/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Bitcoin’s recent rally suggests that it is living up to its billing as an uncorrelated asset during times of global turmoil.

The 11 Days of Turmoil at First Republic, Credit Suisse, Signature, SVB

Crypto is an insurance policy, it's a scarce asset, says Custodia Bank's Caitlin Long

Caitlin Long, Custodia Bank founder, joins 'The Exchange' to discuss her bullish outlook for a crypto return. » Subscribe to CNBC: https://cnb.cx/SubscribeCN...

A Massive, Nearly Century-Old New England Estate Lists for $18 Million - WSJ

The property overlooking Cohasset Cove on the South Shore of Massachusetts was once owned by onetime Dow Jones & Co. owner and Barron’s magazine founder Clarence W. Barron

JPMorgan and Deutsche Bank must face Jeffrey Epstein claims, judge rules

US court narrows cases but allows plaintiffs to proceed with allegations the banks ‘knowingly benefited’ from crimes

The economy is in a 'textbook' financial crisis: Leon Cooperman

Cooperman previously warned that stocks could plunge 22% in 2023, and predicted dismal returns for years to come.

Gresham fruit company issues recall for frozen strawberries, fruit mix sold at Costco, Trader Joe’s over Hepatitis A risk

A Gresham-based fruit company is recalling frozen fruit sold in a number of stores, including Costco and Trader Joe’s, over concerns about Hepatitis A.

Pay transparency is spreading. Here's what you need to know

NEW YORK (AP) — U.S. employers are increasingly posting salary ranges for job openings, even in states where it’s not required by law, according to analysts with several major job search websites. Following new legislation in New York City , California, Washi…

Billionaire investor Leon Cooperman sees a stock picker’s market. Here’s what he’s buying.

Hedge-fund manager says the current financial crisis isn’t much of surprise. He divulges some sectors and one stock that he’s buying now.

Big banks may takeover smaller banks soon, says Gilman's Jenny Harrington

Bitcoin at ‘redemption arc’ as banking pressures rise, says AllianceBernstein

Cryptocurrencies are experiencing a “redemption arc,” as bitcoin rallies and investors monitor pressure in the U.S. banking sector, according to analysts at...

How to protect your Twitter login with Bitwarden

Starbucks CEO steps down early ahead of Senate testimony

Howard Schultz, the former interim CEO of Starbucks, is stepping down from his position at the head of the company earlier than expected, just days before he is expected to testify in front of a Senate committee examining the coffee giant’s treatment of union…

A Minor Crash Can Total an EV if the Battery Gets Even a Little Damage

EV makers like Tesla use structural battery packs. But that makes the batteries more likely to be damaged in a crash, which makes repair or recycling difficult.

Senators Warn the Next US Bank Run Could Be Rigged

Lawmakers call for an investigation into the SVB collapse, fearing hostile foreign governments will use social media to manipulate markets.

ESPN Bracing For Painful Round Of Layoffs

ESPN is bracing for a painful round of layoffs in coming weeks. Stephen A. Smith warns cuts are 'coming' as part of Disney restructuring.

Berkshire Hathaway: I Smell A Bank Deal (NYSE:BRK.B)

There are strong signs that Berkshire Hathaway may be providing rescue financing to banks. Click here for what this may mean for BRK.A stock and those banks.

Goldman's strong balance sheet basket is beating the market. Here's what's in it

Stocks in the basket include Big Tech and pharmaceutical stocks.

Foot Locker to shutter 400 mall-based stores by 2026

As the retailer looks to simplify its business, CEO Mary Dillon also said the company is “revitalizing” its Nike partnership.

Federal Reserve Rate Hike Odds Grow As Bank-Crisis Fears Ebb; S&P 500 Rises

Fed was aware of Silicon Valley Bank problems more than a year before its collapse

The Fed cautioned the bank on multiple occasions, ABC News confirmed.

Dairy Queen giving out free ice cream cones Monday to celebrate first day of spring

Dairy Queens across the nation are handing out free small vanilla ice cream cones to honor the first day of spring.

SVB Collapse Shows Smaller Banks Can Pose Risk in Numbers

Former regulators say Washington has been too focused on ‘too big to fail’ banks

Top FDA official: Agency needs to start using accelerated approval for gene therapies

An FDA official says accelerated approval should be extended to gene therapies for rare diseases — comments that come as the agency considers a gene therapy for Duchenne muscular dystrophy.

Amid a rise in fires and deaths, New York City enacts new e-bike rules

At least 19 people died nationwide in 2022 due to these devices.

Florida Gov. Ron DeSantis Proposes Law to Ban CBDCs

The Biden administration is studying the possibility of introducing a central bank digital currency.

Somber Mood Sets in for Credit Suisse Employees

Credit Suisse tells its workers it's "business as usual" as they return to offices on Monday around the globe, even after UBS said it's taking over the bank....

AWS takes a hit in latest round of Amazon layoffs

When Amazon announced 9,000 additional layoffs this morning, perhaps it wasn't surprising that AWS was included as growth slows.

JPMorgan Chase can be sued by Virgin Islands over Jeffrey Epstein sex trafficking claims

Jeffrey Epstein, whose former friends included Donald Trump and Bill Clinton, was a JPMorgan Chase client and owner of property in the Virgin Islands.

Watch now: ETF Edge on following the flows among financial ETFs

Virgin Orbit Reportedly Preparing for Insolvency in Wake of Rocket Failure

The Richard Branson-founded company paused all operations and furloughed most of its staff last week.

What are CoCos and why are Credit Suisse's now worth zero?

Here’s what you need to know

Bank turmoil could bring 'vicious' end to bear market, Morgan Stanley says

Morgan Stanley economist Michael Wilson said the recent banking-sector crisis is likely to bring an "early and painful" stages of exiting the bear market.

Virgin Orbit scrambles to avoid bankruptcy as deal talks continue

Virgin Orbit senior leadership held daily talks with potential investors through the weekend, people familiar with the matter told CNBC.