Silicon Valley Bank failed for one simple reason: its key startup clients lost faith.

Silicon Valley Bank SIVB, -60.41%, a 40-year-old bank at the heart of the valley’s ecosystem, was forced to shutter Friday after its core depositors — many of them startup companies — took out $42 bil...

Rivian Stock Drops After the EV Start-Up Announced Plans to Raise $1.3 Billion

Electric truck start-up Rivian Automotive is getting into convertibles? Well, yes—but not the kind of convertibles car buyers think of when they hear the word. Rivian (ticker: RIVN) is raising more ca...

Okta’s stock jumps more than 14% as earnings forecast doubles expectations

Okta Inc. shares rallied in the extended session Wednesday after the identity-management software company topped estimates by a wide margin, and executives predicted adjusted earnings that were more t...

A Successful EV Start-Up Needs Cars, Capacity, and Cash

The company that provided the chassis for the original Tesla Roadster has reimagined itself as an electric-vehicle start-up. The market doesn’t have much love for EV start-ups in general these days, b...

Sell Microsoft Stock. The Software Giant Is Facing a Bad Economy, Says Analyst.

Guggenheim is getting more pessimistic about Microsoft stock on the risk of a slowing global economy. On Tuesday, analyst John DiFucci lowered his rating on software giant Microsoft (ticker: MSFT ) to...

Startups End a Bruising 2022, Stare Down Another Challenging Year

Startups had a dismal year by nearly every measurement in 2022, from plummeting investment to scarce public listings, and data point to a 2023 that could be even more difficult. As markets tanked in e...

Business Disruptions Wane as Some Industries See a Return to Normal

After more than two years of pandemic-related upheaval, businesses in many corners of the economy are seeing their Covid disruptions recede. Supply-chain disruptions have eased. A lack of semiconducto...

Self-Driving Startup TuSimple Slashes Staff in Bid to Right the Ship.

Autonomous driving technology company TuSimple is cutting staff in a bid to save money, preserve cash, and refocus the company headed into more difficult economic times. The company (ticker: TSP) anno...

The Myth of the Tech God Is Crumbling

Tech is full of smart people who build, run and invest in successful companies that have produced a tremendous amount of innovation. But the industry’s recent spate of failures and reversals has made ...

How a Hot Norwegian Battery Start-Up Beat the SPAC Deep Freeze

Stocks associated with special purpose acquisition companies crashed in 2022—with an exception: Freyr Battery The shares are up some 34%, year to date, despite stumbling this past Monday after releasi...

Trump Organization CFO Weisselberg chokes up on witness stand, claims his ‘personal greed’ drove $1.7 million tax-avoidance scheme

NEW YORK (AP) — Donald Trump’s longtime finance chief choked up on the witness stand Thursday, saying he betrayed the Trump family’s trust by scheming to dodge taxes on $1.7 million in company-paid pe...

As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit

A temporary tax break for small businesses has spawned a cottage industry of advisory firms tapping into federal pandemic aid, raising alarms at the Internal Revenue Service that some claims are going...

TuSimple Stock Plummets as Self-Driving Start-Up’s CEO Is Removed

Shares of the self-driving truck technology company TuSimple are tumbling as investors weigh a surprise management change. Monday, TuSimple (ticker: TSP) said it has terminated CEO Dr. Xiaodi Hou beca...

Mullen Automotive Stock Climbs After Electric Last Mile Bankruptcy Deal

Electric-vehicle startup Mullen Automotive Inc. shares climbed after the company said it gained court approval to buy an Indiana manufacturing plant and other assets from now-defunct Electric Last Mil...

Former Apple Car Executive’s Battery Startup Plans $1.6 Billion Factory in Michigan

Our Next Energy Inc., an electric-car battery startup involving several former leaders of Apple secretive car project, is planning to invest $1.6 billion into a factory in Michigan to make enough batt...

Elon Musk says Twitter will eventually be part of ‘X, the everything app’

Elon Musk has a new plan for Twitter Inc. after giving up a legal battle and agreeing to pay $44 billion for the company Tuesday. ““Buying Twitter is an accelerant to creating X, the everything app”” ...

Freyr Battery Gains as Analyst Calls It a Top Pick. The Stock Could Quadruple.

Text size Freyr can be a serious battery player in years to come, says Morgan Stanley’s Adam Jonas. FREYR Stock in Norwegian battery start-up Freyr Battery is getting a boost from a new bullish ...

She called herself the Mother Teresa of Florida small-business lending, but investigators say she was really running a $194 million Ponzi scheme

Johanna Garcia claimed her merchant cash-advance business was so helpful to small businesses in Florida that she was like the Catholic saint Mother Teresa. But to the 15,400 investors who sank $194.1 ...

Citigroup Joins Industry Effort to Lend to People Without Credit Scores

Citigroup is joining a government-sponsored effort to expand access to credit in underserved communities. The bank is launching two pilot programs early next year under the Office of the Comptroller o...

Apple decimated Meta’s adtech empire. Now, it’s honing in on its advertisers

In terms of Silicon Valley feuds, you’d be hard pressed to find one that’s spicier than the years-long battle between Meta and Apple. Meta Platforms CEO Mark Zuckerberg started steering his company to...

Recession Is Already Here for Many Small Businesses

When central bankers and economists gather in Jackson Hole, Wyo., this coming week to debate the trajectories of inflation and monetary policy, there will be hopeful talk of peak prices and renewed di...

Opinion: These small-cap stocks will lead the market if the rally has legs

If stock market FOMO is starting to bug you, but you’re hesitant to buy stocks, here’s a fix: Go small. Small companies are still super-cheap. These aren’t companies whose CEOs grab headlines when the...

The ‘crying CEO’ says, ‘I’m just a small business owner.’

The “crying CEO” said he never intended to become a viral phenomenon. Braden Wallake’s emotional LinkedIn post about having to lay off employees at his Ohio-based marketing-services company became the...

Before Crypto Lender Celsius Crashed, CEO Alex Mashinsky Was Known for Big Ideas and Battles

For some 30 years, Alex Mashinsky barreled into whatever was the hot technology of the time, promising revolutions in long-distance calling, airport rides and, most recently, crypto. He often left a t...

Canoo, Lordstown, Other EV Startups Are at Risk of a ‘Short Squeeze’. Beware.

Text size Lordstown Motors is on a list of squeezable stocks. Courtesy Lordstown Motors Investors who have bet against the electric-vehicle industry should take note. Five of 25 U.S. companies that th...

Vertical Aerospace Stock Soars. American Airlines Provides Cash for eVTOL Maker.

Text size There are many new players vying for eVTOL market share, including Vertical Aerospace. Courtesy Vertical Aerospace Vertical Aerospace , the eVTOL maker, secured some expected funding from Am...

Rivian Cranked Up Production in Second Quarter at Illinois Factory

Rivian Automotive Inc. said it produced 4,401 vehicles in the second quarter, the latest in the electric-vehicle maker’s efforts to overcome parts shortages and production snarls to fulfill orders for...

EV Start-Ups Are Getting More Orders. Why the Stocks Are Still Getting Bruised.

Text size Fisker’s Ocean SUV arrives later this year. Courtesy Fisker Electric vehicle start-up Fisker is getting more orders for its all-electric SUVs. So are rivals Lucid and Rivian Automotive...

Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing

At Rivian Automotive Inc.’s factory in Normal, Ill., life is anything but. Car factories around the world routinely churn out models around the clock. About eight months after production on Rivian’s e...

Rivian CEO Bought Stock in the EV Start-Up. The Shares Are Rising.

Text size CEO R.J. Scaringe’s recent purchase means he owns about 4.5 million shares of Rivian stock. Courtesy of Rivian Rivian ’s CEO R.J. Scaringe stepped up and bought the dip in his company’...

Many EV Startups Need More Cash. Rivian Isn’t One of Them.

Text size Door panels at Rivian’s assembly plant. Courtesy Rivian Trading in shares of electric vehicle start-up Rivian Automotive is starting to make no sense. The stock was down almost 20% Mon...

Billionaire George Kaiser’s Bank Drills Deeper Into the Oil Patch

Banks all over the U.S. and around the world have curtailed lending to the U.S. oil-and-gas sector. BOK Financial Corp. BOKF 1.09% has doubled down. The Tulsa, Okla.-based bank holding company for the...