The Banking Committee of the Senate has announced that former executives of Signature Bank and Silicon Valley Bank will testify on May 16. Greg Becker was the CEO of Silicon Valley Bank, while Scott Shay and Eric Howell were the chairman and president, respectively, of Signature Bank. Both banks collapsed recently, and the executives will
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According to Sky News, Sir Keir Starmer had been in talks with Sue Gray for at least four months before officially announcing her appointment as his chief of staff. The Labour leader had refused to disclose the timing of his first contact with the top civil servant, but sources say their first discussion took place
Kenvue, Johnson & Johnson’s consumer health business, is set to launch their IPO this week. The initial public offering will be the biggest in the US since November 2021. The IPO Details Kenvue is expected to sell more than 151 million shares at between $20 and $23 each. The company aims to raise approximately $3.25
The World Meteorological Organization (WMO) has announced that an El Niño climate pattern could occur later this year, which might exacerbate global warming and break temperature records globally. Although the WMO has not predicted the strength or duration of the El Niño, it has forecast a 60% chance of its formation between May and July,
British filmmaker Stephen Cookson is directing a new comedy film titled “Arthur’s Whisky” from a screenplay by Alexis Zegerman. Arclight Films has taken on the world rights and will launch sales at the Cannes market. The film features a star-studded cast, including Academy Award-winning actress Diane Keaton, Olivier Award-winning actress Patricia Hodge, Scottish singer and
Following the recent seizure of First Republic, a sharp selloff in regional banks resulted in Wall Street investors and analysts being caught off guard. The plunge comes amid a lack of new news, leaving banking experts looking for answers as to why this is happening. The orderly resolution of First Republic was supposed to quell
The second round of the NBA playoffs is underway, and fans are treated to exciting matchups and intriguing storylines. The Miami Heat and New York Knicks battle it out in the East, resurrecting a storied rivalry. In the West, LeBron James and Stephen Curry face off as the Los Angeles Lakers play the Golden State
Following remarks made by Federal Reserve Chair Jerome Powell at a press conference, the major US stock market averages turned lower. Powell stated that the rate-setting committee had a view that inflation is not going to come down quickly, which would mean that it would not be appropriate to cut interest rates in the near
Danny Elfman, who partnered with Tim Burton for the iconic 1988 film Beetlejuice, expressed his excitement to return to that world for the upcoming sequel. Elfman shared during the taping of an upcoming episode of Deadline’s The Process, that he loves being a fly on the wall when Burton is shooting, and he will be
Investors should prepare for Apple’s lower forward guidance as Bank of America has reiterated a neutral rating on the company’s stock. The bank has updated its price target to $173 per share, representing a 2% increase from Friday’s closing price. Previously, Bank of America had set a price target of $168. Expectations for Apple’s Quarterly