A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
NEW YORK, March 17 (Reuters) – Misguided U.S. stocks have gained an unexpected ally in recent days: a historic plunge in bond yields. Yields on US government bonds fell sharply this week, with some durations marking their biggest declines in decades, as investors bet the Federal Reserve would likely rein in its aggressive rate hike … Read more
WELLINGTON, March 17 (Reuters) – New Zealand said on Friday it would ban TikTok on devices with access to the country’s parliamentary network due to cybersecurity concerns, becoming the latest country to limit the use of the video sharing app on government related devices. . Concerns have grown globally over the Chinese government’s ability to … Read more
Sao Paulo CNN — Five Starlink internet devices were found at illegal mining sites in the Amazon during raids by Brazilian environmental police on Tuesday, the environmental agency said. Starlink are small, easy-to-use satellite dishes made by SpaceX, Elon Musk’s private rocket company. Starlink claims its equipment can deliver “low latency, high-speed Internet access in … Read more
YouTube TV’s price is going from $65 per month to $73 per month starting in April, according to an email sent to subscribers on Thursday. “As content costs have increased and we continue to invest in the quality of our service, we are updating our prices to continue to provide you with the best possible … Read more
During a live release event on Thursday, Baidu CEO Robin Li pointed out that the company’s product – called Ernie bot – isn’t perfect. Instead, he described how it would improve with the ability of users to give him feedback. Baidu is prioritizing initial access to the Ernie bot for what it calls 650 trading … Read more
While SVB served tech startups and venture capital firms primarily located in the US or with a US presence, some Southeast Asia-based VCs – such as Jungle Ventures and Golden Gate Ventures – were also clients of SVB. Many venture capitalists in Southeast Asia may struggle to find another bank offering the same product offering … Read more
WASHINGTON, March 15 (Reuters) – The Biden administration has demanded that Chinese owners of TikTok divest their shares in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move, first reported by The Wall Street Journal, is the most dramatic in a string of recent moves by … Read more
Stripe co-founder John Collison gives a speech in Paris in 2016. Jacques Demarthon | AFP via Getty Images Payments processor Stripe has raised $6.5 billion at a valuation of $50 billion, the company announced Wednesday, a steep discount from its record high valuation of $95 billion in 2021. “Stripe does not need this capital to … Read more
Tim Mayopoulos attends the Bilt Rewards Launch Party at Equinox Hotel New York at Hudson Yards on June 22, 2021 in New York City. Sean Zanni | Patrick McMullan | Getty Images Three days into his tenure as government-appointed CEO of Silicon Valley Bank, Tim Mayopoulos has a message for his high-powered venture capital and … Read more
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