The US government intervenes to consolidate the deposits of Silicon Valley Bank and another bankrupt institution

The US government announced on Sunday that it was rolling out emergency measures to shore up the banking system and guarantee the deposits of two banks that went bankrupt within days. All deposit accounts of both institutions, Silicon Valley Bank and Signature Bank in New Yorkwill be secured, according to a joint statement released by … Read more

No ramp out for Powell from the Fed until he creates a recession, economist says

Federal Reserve Chairman Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semi-Annual Report on Monetary Policy to Congress” on Capitol Hill in Washington, March 7. 2023. Kevin Lamarque | Reuters The US Federal Reserve cannot pause its cycle of raising interest rates until the country enters … Read more

Apple could launch a mixed reality device this year

Cher Wang, Chairman, Co-Founder and CEO of HTC, speaks during a keynote address on day two of Mobile World Congress 2023. Joan Cros | Nurphoto | Nurphoto via Getty Images BARCELONA — The boss of a consumer electronics company HTC think Apple is going to launch its own mixed reality headset, but it’s not worried … Read more

Princess Cruises is offering a 40% discount and $100 deposits for a limited time

If you haven’t yet figured out where to book your much-needed getaway this year, now might be the time to book a cruise vacation with Princess Cruises with the company’s current incredible deals. Princess announced on Thursday that the line is offering 40% off select 2023-2024 trips with a variety of destinations around the world, … Read more

UK house prices show biggest annual fall in a decade

March 1, 2023: UK property prices suffered their biggest annual fall since 2012 in February, according to Nationwide. Christopher Furlong | Getty Images News | Getty Images LONDON — UK house prices fell 1.1% a year in February, their first annual decline since June 2020 and the biggest contraction since November 2012, according to a … Read more

Biden appoints Julie Su as next secretary at work

Washington – President Biden names Julie Su, the current Congresswoman and former California official, as his next Secretary of Labor, replacing the outgoing holderformer Boston mayor Marty Walsh. Su, a civil rights lawyer and former head of the California Department of Labor, played a central role in negotiations between labor and freight railroads late last … Read more

Parabola, Target, Zoom, Arconic and more

Dish Networks is exhibiting at CES 2016 in Las Vegas. Justin Solomon | CNBC Check out the companies making the biggest leaps in pre-market commerce: Dish Network — Shares of the satellite company fell nearly 5% amid its multi-day service outage and double downgrade by Bank of America. Dish shares are down 13.5% in 2023 … Read more

Fleeing Nicaraguans, a boon for the country’s economy

MEXICO CITY (AP) — Every month, Antón Martínez, 38, sets aside $200 from his dishwasher salary in the United States to send to his mother in Nicaragua. Martínez wishes it were more, but he’s still trying to find his place in the new country and pay off his migration debt. His monthly contribution to family … Read more

Apple hardware will change the face of consumer healthcare

Undoubtedly, Apple has made its mark in the world. Over 2.2 billion iPhones have been sold to date, shaking up the entire smartphone market. The company has not only created a world-class hardware and software product, but also introduced a cultural paradigm regarding mobile phones. Indeed, with the advent of the iPhone, society began to … Read more