The president tried to maintain confidence in the US banking system, adding that customers of the two failed banks will have access to their money today

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China’s New Premier Needs to Revive Growth. How Far Will Loyalty Get Him?

Li Qiang’s business-friendly reputation could bolster confidence in China’s economy. But he is stepping into a role with diminished power under Xi Jinping.Read More
International Court to Open War Crimes Cases Against Russia, Officials Say

The cases before the International Criminal Court would accuse Russia of abducting Ukrainian children and of deliberately targeting civilian infrastructure.Read More
SVB Collapse Upsets Expectations for Federal Reserve’s Rate Decision

The Federal Reserve has been rapidly raising interest rates to fight inflation. But making big moves could be trickier amid instability.Read More
Stax Announces Opening of London Office as Part of International Expansion
NEW YORK, March 13, 2023 /PRNewswire/ — Stax LLC, a global strategy consulting firm specializing in commercial due diligence, value creation, and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks, today announced the opening of its new London office as part of its product, market, and client vision to better serve private […]
Peering Into Netflix’s Recent Short Interest

Netflix’s (NASDAQ:NFLX) short percent of float has fallen 7.04% since its last report. The company recently reported that it has 8.13 million shares sold short, which is 1.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. […]
(KLAC) – Analyzing KLA’s Short Interest

KLA’s (NASDAQ:KLAC) short percent of float has risen 21.68% since its last report. The company recently reported that it has 2.41 million shares sold short, which is 1.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.0 days to cover their short positions on average. […]
Looking Into Cisco Systems’s Recent Short Interest

Cisco Systems’s (NASDAQ:CSCO) short percent of float has risen 3.16% since its last report. The company recently reported that it has 40.19 million shares sold short, which is 0.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.2 days to cover their short positions on […]
Renault, Nissan, Mitsubishi Backed Guangzhou WeRide Confidentially Files For US IPO

Chinese driverless technology startup Guangzhou WeRide Technology Co has filed confidentially for an initial public offering in the U.S. The company looks to raise up to $500 million, Bloomberg reports citing familiar sources. The listing could take place by the first half … Full story available on Benzinga.com Read More
Silicon Valley Bank’s U.K. Arm to Be Bought by HSBC
HSBC will buy the U.K. subsidiary of Silicon Valley Bank for just over $1, after a frantic weekend for regulators who tried to find a way to protect the bank’s depositors after its U.S. parent collapsed.Read More