Category: Business

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U.K. Bans TikTok on Government Devices

The move reflects fears in Britain and elsewhere in the West that the popular app’s Chinese ownership could share user information with Beijing.  » mehr lesen

Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue

Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.  » mehr lesen

First Republic Rescued by Big Wall Street Banks

A plan led by Treasury Secretary Janet Yellen and JPMorgan Chase’s chief executive led to a $30 billion infusion by 11 of the largest U.S. banks.  » mehr lesen

Sanofi Plans to Cut the Price of Insulin

The company is the third of the three major insulin manufacturers that dominate the U.S. market to announce such a move this month.  » mehr lesen

Yellen Defends Efforts to Stabilize Banking System

The Treasury secretary said U.S. banks are “sound” but that regulators feared the collapse of Silicon Valley Bank could have led to other runs.  » mehr lesen

Stocks Rally as First Republic Receives a Rescue

The S&P 500 jumped, along with shares of First Republic Bank and other regional lenders.  » mehr lesen

The European Central Bank Raises Rates Half a Point Amid Uncertainty

The E.C.B. was the first major central bank to set monetary policy since banking worries gripped financial markets.  » mehr lesen

Twitch’s Chief Executive Says He Is Resigning

Emmett Shear was a co-founder of the Amazon-owned streaming service and managed it for 16 years.  » mehr lesen

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