Saudi state-controlled Aramco achieved a record profit last year, boosted by higher energy prices and firmer sale volumes.Story Published at: March 12, 2023 at 07:46AM
Saudi oil giant Aramco posts record $161.1 billion profit for 2022
Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
The U.S. cryptocurrency firm Circle’s USD Coin lost its dollar peg and fell to a record low Saturday morning.Story Published at: March 11, 2023 at 04:03PM
Inflation isn’t dampening people’s desire to travel — but travel companies may be missing a trick
Inflation and higher living costs may be weighing on consumers’ wallets, but there’s one area many are unwilling to cut back on: their desire to travel.Story Published at: March 11, 2023 at 10:22AM
House votes unanimously to declassify intelligence on origins of Covid pandemic, sending bill to Biden
The effort by Congress to declassify intel comes after the Energy Department concluded with “low confidence” the the virus most likely escaped from a lab.Story Published at: March 10, 2023 at 06:37PM
Here’s how the second biggest bank collapse in U.S. history happened in just 48 hours
As dust begins to settle on the biggest American bank failure since 2008, members of the VC community lament the role other investors played in SVB’s demise. Story Published at: March 10, 2023 at 08:59PM
31% of new cars sold for above sticker price last month. These 10 models have the biggest premiums
Even though new car buyers are paying less of a premium than a year ago, the average sale is 8.8% above the manufacturer’s suggested retail price, or MSRP.Story Published at: March 10, 2023 at 03:32PM
Crypto bank Signature slides on Friday amid troubles at Silicon Valley Bank, Silvergate
Signature Bank shares dropped as much as 32% on Friday and were halted amid a sell-off in bank stocks that continued for a second day.Story Published at: March 10, 2023 at 06:41PM
Fintech startup Brex got billions of dollars in Silicon Valley Bank deposits Thursday, source says
Companies including JPMorgan Chase, Morgan Stanley and First Republic have also seen heightened inflows Thursday as SVB’s stock tanked.Story Published at: March 10, 2023 at 05:38PM
Just like that: Market pricing swings back to quarter-point Fed rate hike
One bank implosion and a cooperative jobs report later, and the market has changed its mind.Story Published at: March 10, 2023 at 06:09PM
First Republic leads regional bank rout as Silicon Valley Bank crisis raises fears about bond losses
The declines on Friday were building on large sell-off from Thursday.Story Published at: March 10, 2023 at 04:10PM