Peltz’s proposed plan comes after uninsured deposits contributed to the failure of Silicon Valley Bank. Story Published at: March 20, 2023 at 04:42PM
Hedge-fund manager Nelson Peltz says the government should insure all bank deposits — for a price
New Starbucks CEO Laxman Narasimhan takes over nearly two weeks earlier than expected
Starbucks’ board announced Laxman Narasimhan as Howard Schultz’s latest successor in September.Story Published at: March 20, 2023 at 12:29PM
Key banking crisis lesson: ‘The first line of defense should always be cash,’ advisor says
The collapse of Silicon Valley Bank and the banking crisis provide “a great case study” for clients, advisor says. Here’s what investors need to know.Story Published at: March 20, 2023 at 06:32PM
JPMorgan Chase can be sued by Virgin Islands over Jeffrey Epstein sex trafficking claims
Jeffrey Epstein, whose former friends included Donald Trump and Bill Clinton, was a JPMorgan Chase client and owner of property in the Virgin Islands.Story Published at: March 20, 2023 at 05:46PM
Virgin Orbit scrambles to avoid bankruptcy as deal talks continue
Virgin Orbit senior leadership held daily talks with potential investors through the weekend, people familiar with the matter told CNBC.Story Published at: March 20, 2023 at 04:27PM
Amazon to lay off 9,000 more workers in addition to earlier cuts
Amazon will lay off 9,000 more employees, CEO Andy Jassy said in a memo to staff on Monday.Story Published at: March 20, 2023 at 02:46PM
World’s top climate scientists issue ‘survival guide for humanity,’ call for major course correction
The latest report from the U.N.’s Intergovernmental Panel on Climate Change provides world leaders with a gold-standard summation of modern climate science. Story Published at: March 20, 2023 at 01:02PM
France’s Macron faces no-confidence vote as protestors arrested, refinery strikes continue
The French government faces two no confidence motions Monday afternoon over its pension system changes.Story Published at: March 20, 2023 at 01:03PM
‘Shotgun wedding’: What the UBS rescue of Credit Suisse means for global markets
Despite bold proclamations about a return to stability, the sale of Credit Suisse to UBS does not appear to have laid to rest contagion concerns.Story Published at: March 20, 2023 at 10:31AM
Bitcoin market gains $26 billion after hitting 9-month high as banking crisis sparks rally
Bitcoin jumped on Monday as some investors turned to digital currencies amid a crisis in the traditional banking sector. Story Published at: March 20, 2023 at 10:26AM