Separation vessel at a Devon Enrgy plant in Alberta. (Photo by Adrian Greeman/Construction … [+] Photography/Avalon/Getty Images) Getty Images The CEO of Devon Energy (DVN), Richard Muncrief, ma...
Tag: U.S.
Third-biggest bank failure in U.S. history
The Signature Bank headquarters at 565 Fifth Avenue in New York, US, on Sunday, March 12, 2023. Lokman Vural Elibol | Anadolu Agency | Getty Images On Friday, Signature Bank customers spooked by the s...
U.S. President Biden Claims Investors Of Affected Banks Will Not Be Bailed Out
After the failure of Silicon Valley Bank and Signature Bank, which threatened to set off a more widespread crisis, U.S. regulators were forced to step in with a series of emergency measures. In respon...
U.S. Regulators Reassure SIVB Depositors Over Safety of Funds
U.S. Regulators have released a joint statement over Silicon Valley Bank dissolution. The regulators assured that the taxpayer will bear no losses over the bank’s failure. The protection does not cove...
HSBC Rescues SVB’s U.K. Arm As Bank Collapse Fallout Spreads Beyond U.S.
Topline HSBC on Monday announced it was acquiring the U.K. arm of failed Silicon Valley Bank (SVB), throwing a much needed lifeline to the country’s tech and life sciences sectors and ending a frenzie...
Bitcoin, U.S. Stock Futures Erase Early Gains as First Republic Bank Tanks 50% in Pre-Market Trading
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European stocks slip in early trade after U.S. bank bailout package
European stocks declined in early action on Monday, while U.S. stock futures were pointing higher after a turbulent weekend which saw another major bank collapse and a new rescue package get announced...
Bill Ackman says U.S. did right thing in protecting SVB depositors
A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Billionaire investor Bill Ackman said the U.S. government’s actio...
Bitcoin jumps more than 9% as U.S. acts to protect deposits at crypto-linked banks
Bitcoin and Ether led a strong price rebound in the top 10 non-stablecoin cryptocurrencies in morning trading in Asia as U.S. banking regulators took control of Silicon Valley Bank and Signature Bank,...
100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank
The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender swung from being presumed robust and profitable t...
China Strategy Puts U.S. Retail At High Risk
Chinese american economic relationship concept: View on hand holding mobile phone with USA flag. … [+] Blurred flag of China background. (selective focus on stars in upper row) getty USA importe...
U.S. Businesses Look To De-Risk, Not Decouple, Their China Ties
Commuters at a subway station in Beijing on March 6. China economic growth target of around 5% this … [+] year is more than three times the 1.4% expansion in the United States predicted by the I...
The Block: Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire
Circle USDC reserves are “safe and secure” and liquidity operations will resume when U.S. banks open Monday, CEO Jeremy Allaire said on Twitter. “We were heartened to see the U...
The U.S. Must Go All In On Financing Natural Gas
Cheniere Energy President and CEO Jack Fusco, right, is applauded as he rings the opening bell of … [+] the New York Stock Exchange, Wednesday, Feb. 5, 2020. (AP Photo/Richard Drew) Copyright 20...
Bitcoin Bursts to $22,000 As Biden Administration Tries to Stop Contagion in U.S. Financial System
The price of Bitcoin (BTC) is soaring as the Biden Administration races to prevent the collapse of Silicon Valley Bank from triggering a mass exodus at regional banks across the U.S. The U.S. Treasury...
U.S. government guarantees all Silicon Valley Bank deposits, money available Monday
Financial regulators said Sunday night depositors of the failed Silicon Valley Bank will have access to all of their money starting Monday, March 13. In a joint statement, the heads of the Federal Res...
‘Scream VI’ Sets Franchise Record With $44.5 Million U.S. Debut
Topline Scream VI, the latest installation of the long-running horror movie franchise, grossed an estimated $44.5 million domestically in its opening weekend, Paramount said Sunday, setting a record f...
How Population Trends Are Impacting The Future Of Work
At the same time people are living longer, the fertility rate is dropping. Combined with lower … [+] immigration, these demographic trends have employers scrambling for talent. getty According t...
‘Scream IV’ Sets Franchise Record With $44.5 Million U.S. Debut
Topline Scream VI, the latest installation of the long-running horror movie franchise, grossed an estimated $44.5 million domestically in its opening weekend, Paramount said Sunday, setting a record f...
Treasury Secretary Janet Yellen says U.S. government won’t bail out Silicon Valley Bank
Janet Yellen, US Treasury secretary, speaks during a Financial Stability Oversight Council (FSOC) meeting at the Treasury Department in Washington, DC, US, on Friday, Dec. 16, 2022. Ting Shen | Bloomb...
U.S. Treasury Janet Yellen working on SVB collapse, not at bailout: Report
United States Treasury Secretary Janet Yellen is reportedly working with regulators to address Silicon Valley Bank collapse and protect investors, but not considering a major bailout. Yellen made the ...
Silicon Valley Bank failure could trigger run on U.S. regional banks
Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States, putting trillions of dollars...
USDC will remain redeemable 1 for 1 with U.S. dollar, Circle says
USDC issuer Circle said it will resume normal operations Monday and that USDC will remain redeemable one-for-one with the U.S. dollar after Silicon Valley Bank collapsed. Circle said that in th...
How America’s New Pro T20 Cricket League Can Lure Top Australian Players
US cricket is on the rise (Photo by Ashley Allen – CPL T20 via Getty Images) Getty The historic Major League Cricket, hoped to ignite the sport’s sleeping giant of the U.S, is poised to fi...
U.S. Department of Justice Appeals Court Decision Approving $1,300,000,000 Voyager Acquisition
The U.S. Department of Justice (DOJ) is appealing a recent court decision that approved Binance.US’ acquisition of embattled crypto lender Voyager Digital. In a new court filing, the DOJ is appealing ...
The Young Entrepreneurs And Scientists Working To Save The Planet
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Alisha Fredriksson GUERIN BLASK FOR FORBE...
Robert Kiyosaki warns 3rd U.S. bank to crash, Peter Schiff says ‘bigger collapse’ ahead
The United States financial system has been rattled by the collapse of Silicon Valley Bank (SBV) and Silvergate Bank within 48 hours as economic uncertainty prevails. Therefore, some financial sector ...
Two U.S. SEC Commissioners Blast Their Own Agency for Rejecting VanEck Bitcoin Exchange-Traded Fund Application
Two commissioners at the U.S. Securities and Exchange Commission (SEC) are putting their own agency on blast after the regulator batted down another Bitcoin (BTC) exchange-traded fund (ETF) applicatio...
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
“I am alarmed by the failure of Silicon Valley Bank, which marks the second largest bank failure in U.S. history,” she said in a statement. “I am closely monitoring and convening Com...