Jackie Kennedy’s 13-bedroom DC estate hits the market — at a price fit for a queen
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Stablecoin USDC breaks dollar peg after revealing $3.3 billion Silicon Valley Bank exposure
Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday after Circle, the US firm behind the coin, revealed some of the reserves backing it were held at Silicon Valley Bank.Read More
Highest Heating Costs in Years Strain Many in New England
In a region where most homes rely on oil heat and cold weather can last through April, the burden of high heating bills has been especially heavy this winter.Read More
Silicon Valley Bank Collapse Sets Off Blame Game Between Crypto and Tech
The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.Read More
Bill Ackman Says Government Has 48 Hours To Fix The SVB Mess: ‘A Soon-To-Be-Irreversible Mistake’
Following the collapse of Silicon Valley Bank, owned by its holding company SVB Financial Group (NASDAQ: SIVB), hedge fund manager Bill Ackman called for immediate action from the government. What Happened: “The gov’t has about 48 hours to fix a soon-to-be-irreversible mistake,” Ackman said. By allowing SVB to fail without protecting all depositors, people are […]
Would Musk’s Twitter Bid For Troubled Silicon Valley Bank? The Billionaire Says He’s ‘Open To The Idea’
The collapse of SVB Financial Group’s (NASDAQ: SIVB) Silicon Valley Bank and the way forward has been the talk of the town ever since the crisis came to light. Musk Is Interested: When a Twitter user suggested Twitter should buy SVB and become a digital bank, Elon Musk, who now owns the social media platform, seemed […]
SVB’s Implosion Gets Wall Street Talking: Cuban, Ackman, Chanos, Burry, Schiff And Krugman Respond
The collapse of Silicon Valley Bank, which is held by SVB Financial Group (NASDAQ: SIVB) has sent shock waves across the markets. On Thursday, as the stock market digested the disclosure from SVB about the need to shore up its capital through an equity offering, its stock tanked, leading to a drop in other regional […]
Regeneron Borrows From Big Pharma Playbook
Eylea, the company’s top-selling blockbuster, isn’t going away soon.Read More
Where Were the Regulators as SVB Crashed?
Silicon Valley Bank grew too fast using borrowed money—and the risks were lurking in plain sight.Read More
MoneyGram and Lynk Team Up For Cross-Border Mobile Payments in Jamaica
MoneyGram has hooked up with Lynk, a mobile wallet for consumers in Jamaica, to introduce digital receive capabilities in the country. This marks the first time a money transfer organisation is providing this capability in Jamaica. Through this partnership, Lynk’s user base will have the ability to receive cross-border payments directly to their smartphones. MoneyGram‘s […]
