SVB Financial seeks bankruptcy protection for reorganization

A Silicon Valley Bank office in Napa, California, US, on Monday, March 13, 2023. David Paul Morris | Bloomberg | Getty Images SVB Financial Group said on Friday it filed…

Baidu says it can now operate robotaxis in Beijing with no human staff inside

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu announced Friday it can…

Treasury Secretary Yellen seeks to soothe markets and depositors, saying U.S. banking system ‘remains sound’

Treasury Secretary Janet Yellen said Americans should remain confident in the stability of the banking system, but clarified that regulators’ decision to backstop all deposits at the two lenders that…

FedEx (FDX) earnings Q3 2023

In this photo FedEx logo is seen in Washington D.C., United States on February 16, 2023. Celal Gunes | Anadolu Agency | Getty Images FedEx on Thursday hiked its full-year…

Shares drop after ChatGPT Ernie bot reveal

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — Chinese tech company Baidu…

Airline stocks slide despite CEOs’ upbeat demand outlook

A JetBlue airplane at Ronald Reagan Washington National Airport in Arlington, Virginia, on March 9, 2023. Stefani Reynolds | AFP | Getty Images Airline stocks slid Wednesday as the market…

Bitcoin (BTC) price is up 50% this year outperforming stocks and gold

Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking…

AMC investors approve reverse stock split, APE share conversion

Victor J. Blue | Getty Images News | Getty Images AMC investors voted Tuesday to approve a reverse stock split and the conversion of APE shares into common company shares.…

Volkswagen announces five-year $193 billion investment plan as electrification gathers pace

People look at the Volkswagen id buzz electric car during the press day at the Los Angeles Auto Show in Los Angeles, California, November 17, 2022. Mike Blake | Reuters…

USDC nearly regains $1 peg after Circle says SVB deposit is available

In this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images USD…