Following the failure of Silicon Valley Bank, the US government took extraordinary measures on Sunday to avert a potential banking crisis. This ensured depositors at […]
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Banks are falling as the SVB raises capitalization concerns
The S&P 500 bank index (.SPXBK) collapsed almost 6% on Thursday, its biggest one-day drop in over two years as investors took off from the […]
A digital asset fund and a VC firm in the US intends to raise $100 million for two new blockchain funds
Alpha Sigma founder and Chief Executive Officer Enzo Villani said on Wednesday that the U.S.-based digital asset fund, Alpha Sigma Capital, and Transform Ventures, a […]
Stakes reach at 22.2% as Berkshire Hathaway resumes Occidental purchases
After a five-month hiatus, Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has commenced its purchases of Occidental Petroleum Corp (OXY.N) shares increasing its stake in the […]
Binance executives’ texts and documents reveal a strategy to avoid US scrutiny – WSJ
Binance, one of the largest cryptocurrency exchanges globally, concocted a plan to prevent the threat of prosecution by U.S. authorities when it began an American […]
Factbox: Silvergate crisis: Crypto industry titans abandon troubled lender
Silvergate Capital Corp (SI.N) has been dropped by a number of cryptocurrency heavyweights, such as Coinbase Global Inc (COIN.O) and Galaxy Digital as their banking […]
Tesla’s comments cause a drop in shares of China’s rare-earth miners
Tesla Inc.’s unexpected announcement that the electric vehicle maker will stop using the material in its future models. Colin Campbell, a Tesla official, stated that […]
Nissan boosts global EV targets to increase U.S. localization
Nissan Motor Co. Ltd. on Monday raised its electrified car sales goals and said it will increase powertrain production in the United States as it […]
The Department of Commerce will request that companies seeking chip funding provide childcare for their employees
The US Commerce Department announced on Monday that it will require companies desiring at least $150 million in financing from a $52 billion semiconductor law […]
Twitter puts off 10% of its current employees
Twitter Inc. let go at least 200 employees, or approximately 10% of its workforce, the New York Times reported late on Sunday, in its recent […]