The SVB Crisis: An Urgent Call to Action for the Banking System

The recent collapse of Silicon Valley Bank (SVB) has sent shockwaves through the financial industry, exposing major holes in the banking system. This event has raised questions about the safety and reliability of traditional banks, leading many to seek alternative options for protecting their assets. In this article, we’ll explore how the SVB crisis highlights […]

HSBC SBV

HSBC to the Rescue: HSBC Saves SVB UK Arm

HSBC, one of the largest financial institutions globally and Europe’s biggest bank, has announced the acquisition of Silicon Valley Bank’s U.K. arm (SVB UK) for $1.21 (£1), ending a weekend of frenzied negotiations. HSBC Saves SVB. The purchase was facilitated by the Bank of England and the U.K. government and will be funded using HSBC’s […]

SVB Bank Collapse Amid Bank Run: What Happened and What’s Next for Investors?

The collapse of Silicon Valley Bank (SVB) on Friday has left many investors and tech startups worried about the fate of their funds. SVB, which was a major lender to tech startups and venture capital firms, has been shut down by regulators amid liquidity worries and a run on deposits, marking the biggest bank failure […]

Global Economist

Five Key Charts to Watch in Global Commodity Markets This Week

Global Commodity markets continue to be a major force in the global economy, with prices for oil, gas, metals, and agricultural products affecting everything from the cost of living to the health of national economies. As we head into a new week, there are several key charts that investors and traders will be keeping a […]

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FDA Rejects Elon Musk’s Neuralink Brain Chip for Humans Over Safety Concerns

Elon Musk’s ambitious plan to implant brain chips into humans has been met with another obstacle. According to a report from Reuters, the US Food and Drug Administration (FDA) rejected Elon Musk’s Neuralink request to begin testing the device on humans due to safety concerns. The FDA cited numerous issues, including the possibility of overheating […]

FTX Co-Founder Pleads Guilty to Fraud Charges

FTX Co-Founder Pleads Guilty to Fraud Charges

Nishad Singh, FTX co-founder and former director of engineering at FTX, has pleaded guilty to fraud charges and is cooperating with federal prosecutors against his former boss, Sam Bankman-Fried. Singh admitted that he knew Bankman-Fried’s Alameda Research hedge fund was borrowing customer funds from the crypto exchange and that he falsified FTX’s revenues to make […]

Tesla’s Investor Day: 3 Things to Watch

Tesla’s Investor Day on Wednesday will be a key event for investors to watch, as the company reveals its long-term expansion plans, its third-generation platform, and Musk’s Master Plan 3. With ambitious goals to produce 20 million cars a year by 2030, Tesla’s ramp-ups at Giga Austin, Giga Berlin, and expansion plans at Giga Shanghai […]

The Latest Stocks Report: Nvidia, Bumble, Etsy, and Lucid’s Mixed Results in After-Hours Trading

Four major companies have reported their earnings for the fourth quarter of 2022, and their stocks have been moving in after-hours trading. Here is a brief summary of each company’s report: Nvidia (NVDA) – The chipmaker reported sales of $6.05 billion for the quarter, beating Wall Street’s estimate of $6.01 billion. Adjusted earnings per share […]