Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago. The collapse of SVB, a key player in
Silicon Valley Bank Shut Down; Stock Delisted; Biggest Bank to Fail Since Financial Crisis | Barron's Regulators shut down Silicon Valley Bank to protect depositors following a decline in deposits. The Silicon Valley-based bank is the second-largest FDIC-insured bank by assets to fail and the
Bank Stocks Take a Beating. Why Charles Schwab Also Is Getting Slammed. | Barron's On Thursday, bank stocks got hammered, and so did shares of brokerage firm Charles Schwab, which dropped 13%. On Friday the pain continued, with Schwab suffering another 6% decline by midday. Wait,
On June 6, 2022, President Biden invoked the Defense Production Act to “accelerate domestic production of clean energy technologies, including solar panel parts.” The government is getting behind renewable energy in such a big way, Biden used a presidential power typically reserved for emergencies. If you saw
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Footwear retailer Allbirds on Thursday unveiled a broad overhaul of its strategy and an executive shake-up after failing to post year-over-year
Former U.S. President Donald Trump reacts during an event held to address the recent derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., February 22, 2023. Alan Freed | Reuters A federal judge on Friday ruled that the "Access Hollywood" tape revealing former
As investors search for calm amid the volatile market, four names stand out as ways to play defense. Market volatility continued Friday , with stocks rising in late-morning trading, erasing earlier losses. Still, the major averages remained on track to post weekly losses. Bank shares
Security personnel keep watch outside the Wuhan Institute of Virology during the visit by the World Health Organization (WHO) team tasked with investigating the origins of the coronavirus disease (COVID-19), in Wuhan, Hubei province, China February 3, 2021. Thomas Peter | Reuters The House of Representatives on
Women walk past by a "Now Hiring" sign outside a store on August 16, 2021 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images The unemployment rate for Black and Hispanic women rose in February, but so did the number of people looking for jobs. The U.S.
