Treasury Secretary Janet Yellen Photo: Jose Luis Magana/Associated Press On Thursday, Treasury Secretary Janet Yellen backtracked on her comments the day before, her remarks the day before about providing a de facto guarantee on all US bank deposits. Who is the first ? Mixed signals from the administration are becoming another threat to the financial … Read more
Bitcoin Shows Its Resilience, Rebounds Above $28,000 So much for fears about federal monetary policy, increased regulatory activity and banking turmoil. A day after bitcoin plunged following a disappointing – for some observers – hike in interest rates from the US Federal Reserve, investors sent the largest cryptocurrency by market capitalization floating once again. above … Read more
Dow Jones futures were little changed overnight, as were S&P 500 and Nasdaq futures. X The stock market rally rebounded strongly on Thursday morning, but major indices pared intraday gains, while the Russell 2000 hit a fresh 2023 low as Moody’s Investor Service warned of banking contagion and more economic fallout. wide. Shares rallied late … Read more
Jakub Porzycki/NurPhoto via Getty Images The Musk-owned social network will also start charging businesses and organizations $1,000/month for verified status. As Elon Musk promised, Twitter’s old blue tick verification regime will soon be history. The social network, which the mega-billionaire bought last year in a hefty $44 billion deal, announced Thursday that starting April 1 … Read more
As Elon Musk promised, Twitter’s old blue tick verification regime will soon be history. The social network, which the mega-billionaire bought last year in a hefty $44 billion deal, announced Thursday that starting April 1 it will remove verified tick status from accounts whose Twitter had been verified as notable before Musk’s takeover. unless they’ve … Read more
WASHINGTON, March 23 (Reuters) – For the fourth time in a week, U.S. Treasury Secretary Janet Yellen took a microphone on Thursday in a bid to reassure Americans about the safety of the U.S. banking system, each time with a subtle change of message. But the bankers and Wall Street never heard what they longed … Read more
5 hours ago Treasury Secretary Yellen says emergency actions to support banks could be used again if needed Treasury Secretary Janet Yellen said Thursday that federal emergency measures used to support customers of Silicon Valley Bank and Signature Bank could be used again if needed. “We used important tools to act quickly to prevent contagion. … Read more
Residents of Bastrop, Texas, oppose a permit that would allow Elon Musk’s infrastructure construction company, The Boring Co., to dump more than 140,000 gallons of treated sewage a day into the near the Colorado River. The Texas Commission on Environmental Quality (TCEQ) held a meeting on Tuesday to discuss the company’s operational plans. County residents … Read more
A 16-month-old chatbot startup is now a billion-dollar unicorn. Character.AI, a Silicon Valley company created by two former Google employees, said on Thursday it raised $150 million in a new funding round led by renowned venture capital firm Andreessen Horowitz. The new investment values Character.AI at $1 billion. A company representative said that Character.AI does … Read more
Last October, the United States Court of Appeals for the 5e Circuit issued a sweeping decision that only grew more alarming in the months that followed: it declared the Consumer Financial Protection Bureau unconstitutional in an advisory that appeared designed to destabilize the entire US financial system. 5e Experts say Circuit’s move would send the … Read more
