As Silicon Valley Bank’s rapid expansion and high-risk investments in the bond market led to its collapse, federal and state regulators failed to intervene. Most of the bank’s deposits were uninsured by the federal government, leaving customers vulnerable in the face of…
Tyson Foods Inc (TSN.N) announced on Tuesday that it would close two US chicken plants, impacting nearly 1,700 workers, on May 12. This decision highlights the ongoing struggles the largest US meat company faces in sales as it tries to enhance its…
Bank runs, reminiscent of the scene from “It’s a Wonderful Life,” used to involve frantic customers crowding together, demanding their money from an overwhelmed George Bailey. However, the recent collapse of Silicon Valley Bank bears little resemblance to that image, as it…
Exxon Mobil Corporation faces a lawsuit from the US government for failing to take adequate measures to protect the public after five hangman’s nooses were displayed at its Baton Rouge facility. The US Equal Employment Opportunity Commission (EEOC) claims that the company…
Fox News is at odds with two leading Republican presidential candidates over journalist rights as it defends itself against a major defamation lawsuit. The network relies on a 60-year-old Supreme Court ruling that makes it hard to sue media organizations for libel.…
On Friday morning, stock markets were predicted to have a turbulent start after Thursday’s route. Following the release of the most recent U.S. employment report indicating an increase of 311,000 jobs in February, stock index futures experienced an upward trend. Dow Jones…
On Tuesday, Asian shares saw a mixed performance in quiet trading as investors kept a close eye on the latest economic data and awaited the next moves from the Federal Reserve. The Nikkei 225 in Japan increased by 0.4% to 28,336.98, while…
Federal Reserve Chair Jerome Powell returns to Congress this week for a two-day hearing as inflation pressures continue to pose challenges for the Fed. Last June, Powell appeared before Congress when inflation had reached a four-decade high of nearly 9% with no…
Scientists have identified detecting and fixing methane leaks as crucial in mitigating global warming. To tackle this issue, Canadian company GHGSat has sent six satellites into orbit to search for these methane plumes. These satellites have made some concerning findings, including record-high…
Denmark’s Defense Ministry has banned employees from using the video-sharing app TikTok on their work phones as a cybersecurity measure. The ban was issued after the country’s Center for Cyber Security assessed the risk of espionage, as the app requests certain rights…