U.S. agencies are reportedly investigating the collapse of Silicon Valley Bank—including stock sales days before the bank failed. We take a deep dive on how the bank’s fall is affecting the startup community. Meta plans another enormous round of layoffs. How many jobs did it cut this time? Inflation slowed down slightly last month after…
LIVE 5 PM ET: NTD Business (March 14): Meta to Lay Off 10,000 More Workers; DOJ, SEC Investigating SVB Financial Group: Report
Silicon Valley Bank Crash Due to Monetary Policy: Economist
Who is to blame for the collapse of Silicon Valley Bank? Daniel Lacalle, chief economist at hedge fund Tressis argues that the Federal Reserve’s loose monetary policy is partly responsible. He believes that if the Fed had tackled inflation earlier and had not labeled inflation as transitory, the Silicon Valley Bank fall could have been…
LIVE NOW: NTD Business (March 13): Biden: ‘The Banking System Is Safe’; Bank Crash Due to Monetary Policy: Economist
President Biden reassures Americans that the banking system is still safe–after Silicon Valley Bank collapsed last week. Shares of First Republic Bank plunge, despite the lender telling customers their deposits are safe. Who should be held accountable for the collapse of Silicon Valley Bank? We have analysis. Biden approves an oil drilling project in Alaska–a…
NTD Business (March 13): Biden: ‘The Banking System Is Safe’; Bank Crash Due to Monetary Policy: Economist
President Joe Biden reassures Americans that the banking system is still safe, after Silicon Valley Bank collapsed last week. Shares of First Republic Bank plunge, despite the lender telling customers their deposits are safe. Who should be held accountable for the collapse of Silicon Valley Bank? Biden approves an oil drilling project in Alaska—a victory…
ESG Is ‘Sold on a False Promise’: NYU Professor Damodaran
Distinguished professor of finance at NYU’s Stern School of Business Aswath Damodaran speaks his mind on environmental, social and governance (ESG). “ESG is built on quicksand,” Damodaran says. “There are services, and advocates of ESG have no idea what they’re measuring, and they keep changing their mind.” He also explains why ESG is built on…
LIVE NOW: NTD Business (March 10): Silicon Valley Bank Seized After Bank Run; Elon Musk Building ‘Utopia’ Town: WSJ
A big bank collapses in the United States, and a federal agency steps in–to protect customers from losing all their money. Billionaire Elon Musk is reportedly building a town in Texas for his employees to live. We get some reactions. Another company, coming out with a generative AI tool–this time, to help you write. Why are…
NTD Business (March 10): Silicon Valley Bank Seized After Bank Run; Elon Musk Building ‘Utopia’ Town: WSJ
A big bank collapses in the United States, and a federal agency is stepping in to protect customers from losing all their money. Billionaire Elon Musk is reportedly building a town in Texas for his employees to live. Another company is coming out with a generative AI tool—this time, to help you write. Why are…
LIVE NOW: NTD Business (March 9): Journalists on ‘Censorship Industrial Complex’; Biden Budget Proposal ‘Inefficient’: Tax Foundation
Two journalists testify before Congress today, on what they call a “censorship-industrial complex.” What did they reveal? The CEO of Norfolk Southern, in the hot seat. Senators grilled him over the chemical-carrying train that derailed last month. What does he have to say for himself? JPMorgan sues a former senior banker over his ties to sex…
NTD Business (March 9): Journalists on ‘Censorship Industrial Complex’; Biden Budget Proposal ‘Inefficient’: Tax Foundation
Two journalists testify before Congress Thursday on what they call a “censorship-industrial complex.” What did they reveal? The CEO of Norfolk Southern is in the hot seat. Senators grilled him over the chemical-carrying train that derailed last month. JPMorgan sues a former senior banker over his ties to sex trafficker Jeffrey Epstein. What could it mean…
LIVE 5 PM ET: NTD Business (March 8): House Panel Says FTC Is Harassing Twitter; Hearing: AI Could Spur Bioweapon Development
A House panel accuses a federal agency of targeting Twitter since Elon Musk took over. As artificial intelligence is quickly transforming the world, lawmakers are struggling to catch up. Senators hold a hearing on risks of AI, such as faster bioweapon development in China. Two owners of low-mileage Telsa vehicles complain that their steering wheels came off while…
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