By Stephen Culp NEW YORK (Reuters) – U.S. stocks bounced back on Tuesday as largely on-target inflation data and easing jitters over contagion in the banking sector cooled expectations regarding[...]
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March 14, 2023
Cryptoverse: New bitcoin NFTs on a multi-million roll
(Edits headline) By Lisa Pauline Mattackal and Medha Singh (Reuters) – Imagine digitally inscribing 3D images of objects such as multi-colored spheres onto a tiny fragment of bitcoin. Then imagi[...]
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Latin American tech startups scramble after SVB collapse
By Kylie Madry MEXICO CITY (Reuters) – Tech startups in Latin America are struggling to find banking alternatives after the sudden crash of Silicon Valley Bank (SVB), one of the few banks that o[...]
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US watching developments at First Republic, other banks – White House
By Andrea Shalal WASHINGTON (Reuters) -The White House is carefully monitoring developments at First Republic and other smaller banks after actions to protect depositors following the collapse of Sili[...]
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Meta to cut 10,000 jobs in second round of layoffs
By Katie Paul and Nivedita Balu (Reuters) -Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass la[...]
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New SVB CEO urges top venture capital clients to move deposits back
By Krystal Hu (Reuters) – Silicon Valley Bank’s new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank’s top venture capital clients to move their deposits to its newly[...]
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TikTok mulls splitting from ByteDance if proposal with U.S. fails – Bloomberg News
(Reuters) -China’s TikTok is considering separating from parent ByteDance to help address U.S. concerns about national security risks, Bloomberg News reported on Tuesday, citing people familiar[...]
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US senators seek to expand sales of ethanol-gas blend with support from Big Oil
By Stephanie Kelly (Reuters) – U.S. senators reintroduced a bipartisan bill on Tuesday that would allow nationwide sales of gasoline with a higher blend of ethanol year-round, as a second heavy-[...]
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KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
(Reuters) – KPMG’s U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Signature Bank, the Financial Times reported on Tuesday. Knopp said KP[...]
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