Sen. Tim Scott, RS.C., right, greets off-camera Michael Barr, Vice Chairman for Oversight of the Federal Reserve Board of Governors, in the Dirksen Building on Tuesday, March 28, 2023. tom williams | Cq-roll Call, Inc. | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open updates … Read more
US Treasury Secretary Janet Yellen testifies before a subcommittee on March 23, 2023 in Washington, DC. Alex Wang | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open updates investors on everything they need to know, wherever they are. Like what you … Read more
Regulators and officials across the European Union are worried about possible contagion to their banking sectors after the recent turmoil in the United States. However, they believe that the United States should learn from some of the regulatory work put in place in the euro zone. Basel III is a set of reforms that strengthens … Read more
The FDA’s independent panel of advisors voted against fast-tracking approval of Biogen’s investigational ALS drug for a rare and aggressive form of the disease. The vote is not binding on the FDA, although the agency often follows the advice of the panel. He will make his final decision on April 25. The drug tofersen was … Read more
NEW HAVEN, Conn. (WTNH) – Cases of tick-borne illnesses in the United States have increased by 25% since 2011, according to a new report from the Centers for Disease Control and Prevention, including a rare disease that is now spreading in the Northeast the United States. The CDC says cases of babesiosis, which can cause … Read more
The tech sector was a beacon of hope last week as the banking crisis rocked markets. The Nasdaq Composite rose 4.4% during the week, while the Nasdaq 100 – which includes the largest non-financial companies in the index – rose 5.8%. Big tech and semiconductor stocks such as Nvidia and Microsoft rose around 12% during … Read more
Talks on bailing out Credit Suisse continued on Sunday as UBS demanded $6 billion from the Swiss government to cover the costs. UBS is under pressure from Swiss authorities to take over its local competitor to bring the crisis under control, two people with knowledge of the matter said. Regulators want a resolution before markets … Read more
Silvergate and Signature were the two main banks for crypto companies, while Silicon Valley Bank had many crypto startups and VCs as customers. The failure of the crypto banking trifecta rippled through the stablecoin market over the weekend. On Sunday evening, when the feds stepped in to secure deposits at Signature and SVB, cryptocurrencies rallied … Read more
The Netherlands has become embroiled in political tensions between the United States and China, with the former seeking to ensure that the most advanced chip technology is not used by Beijing. Dutch Foreign Trade Minister Liesje Schreinemacher said “the existing export control framework for specific equipment used for the manufacture of semiconductors must be extended, … Read more
Nestlé, Kellogg, Tyson Foods and Gorton’s Seafood are among the food companies looking to the air fryer boom to attract consumers. As inflation slows and retailers pressure suppliers to stop raising prices, food companies have had to look elsewhere for growth. Nearly 60% of US households own an air fryer, according to Nestlé’s Adam Graves. … Read more
