Amgen Inc. said on Thursday it would cut 450 jobs, or less than 2 percent of its workforce, making it the company’s second round of layoffs this year amid intensifying pressure on drug prices and high inflation. “We made these changes to realign our expense base in the face of intensifying pressure on drug prices…
World Shares up After 1st Republic Aid Spurs Wall Street Rally
March 17, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
BANGKOK—Markets advanced Friday in Europe and Asia, tracking a rally on Wall Street after a group of big banks offered a lifeline to First Republic Bank, the latest U.S. lender in the spotlight for troubles in the banking industry. Shares rose in Paris, London, Tokyo, and Hong Kong but edged lower in Mumbai. U.S. futures…
Argentina’s GMO Wheat Approved in Indonesia for Human Consumption
March 17, 2023
admin
AmericasArgentina's BioceresAsia & PacificBioceres Crop Solutions CorpBusiness & MarketsCompaniesGMO wheatHB4 wheatIndonesiaScienceScience NewsWorld
0 Comment
Argentinian biotech firm Bioceres Crop Solution Corp. said on Thursday that its genetically modified (GMO) wheat called HB4, designed to withstand drought, had been approved for human consumption in Indonesia. Indonesia, the largest importer of wheat globally, is expected to import about 11 million tons during the 2022/2023 harvesting season, according to the U.S. Department…
American Companies Poured Over $82 Billion Into Black Lives Matter Movement: Think Tank
March 16, 2023
admin
Big Tech, Censorship, and SocialismBlack Lives Matter (BLM)blm fundingBusiness & MarketsCompaniesCritical Race Theory (CRT)Featured TopicsPoliticsSocial IssuesUSUS News
0 Comment
Billions of dollars have been poured into the Black Lives Matter (BLM) organization and its related causes by corporations during the past few years according to a new funding database, with recently collapsed banks like Silicon Valley Bank (SVB) and Signature Bank among the list of funders. The BLM funding database is tracked by the…
US Attorneys General Condemn Credit Card Firms After Pause on Gun Sale Code
After Visa and Mastercard paused work on a merchant payment code (MCC) to detect gun sales in the United States, a coalition of Democrat attorneys general condemned the move on Thursday. Both Visa and Mastercard, the two largest credit card firms in the United States, confirmed to The Epoch Times last week they would halt work…
Yellen: Americans’ Bank Savings ‘Remain Safe’ After Recent Collapses
March 16, 2023
admin
Business & MarketsCompanieseconomic policieseconomyExecutive BranchJanet YellenMarketsPoliticsSilicon Valley Bank CollapseSVBUS
0 Comment
Treasury Secretary Janet Yellen on Thursday told members of Congress that their bank deposits and savings “remain safe” after the collapse of Silicon Valley Bank and Signature Bank in recent days that prompted federal intervention. Speaking before the Senate Finance Committee, Yellen said that the federal government is committed to ensuring that deposits are safe…
Wall Street Opens Lower as Banks Drag, ECB Hikes Rates
Wall Street’s main indexes opened lower on Thursday after shares of First Republic Bank crashed amid fears of a banking crisis, while a large interest rate hike by the European Central Bank also dented sentiment. The Dow Jones Industrial Average fell 46.92 points, or 0.15 percent, at the open to 31,827.65. The S&P 500 opened…
Silicon Valley Bank Collapse Could Impact Housing Market in Two Ways: Zillow
March 16, 2023
admin
Business & MarketsCompanieseconomyFederal ReserveMarketsmortgage ratesreal estateSignature BankSilicon Valley BankUSUS NewsUS Real Estate
0 Comment
The recent collapse of Silicon Valley Bank (SVB) could impact the housing market in two separate ways, according to real-estate marketplace company Zillow. In an article published on March 14, Zillow chief economist Skylar Olsen noted that mortgage rates could fall if the Federal Reserve pulls back from its aggressive interest-rate hikes—which market experts have said looked likely to…
Goldman Sachs Cuts GDP Forecast, Warns of Economic Hit From Bank Rout
March 16, 2023
admin
bank failuresBusiness & MarketsCompanieseconomic policieseconomyGoldman SachsinflationInvestmentMarketsrecessionU.S. GDP forecastUSUS News
0 Comment
Goldman Sachs Group (GSG) slashed its U.S. GDP forecast and warned of an economic hit from recent bank failures. The investment bank raised its estimate of the odds of an American recession on March 15, to 35 percent over the next 12 months due to increased concern over the economic impact of stress in the…
First Republic Bank Credit Rating Downgraded to Junk, Causing Stock to Plunge
March 16, 2023
admin
Business & MarketsCompaniescredit ratingeconomic policieseconomyFirst Republic BankInvestmentMarketsPolicies & ImpactsUS
0 Comment
First Republic Bank’s (FRB) credit rating was downgraded to junk by two rating agencies, causing its stock to dive. Fitch Ratings and S&P Global Ratings announced their concerns on March 15 that there was a risk that depositors could pull their funds from the California-based bank, despite promised federal intervention. S&P Global lowered the bank’s credit rating…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta