Morning News: March 13, 2023

HSBC Buys SVB’s UK Unit for £1 in Reprieve for Tech Sector

Italy Says Hopes EU Acts to Shore Up Banks If Needed, After SVB Collapse

Regulators Face Urgent Task to Stem Spread From Silicon Valley Bank

Fed’s New Backstop Shields Banks From $300 Billion of Losses

Regulators Close Another Bank and Move to Protect Deposits

Signature Bank Seized by Regulators as Pain Spreads From SVB

SVB’s Failure Exposes Lurking Systemic Risk of Tech’s Money Machine

SVB Collapse May Prompt Fed to Go Slow on Rate Hikes

Silicon Valley Bank’s Failure Threatens California Winemakers

Stocks Are Poised to Rise Monday as Regulators Act on Silicon Valley Bank

Used Rolexes Are Beating the Stock Market

Global Economy Gets Tailwind From Falling Energy Prices

Saudi Aramco Posts Record $161 Billion Profit for 2022

Four Takeaways as Oil Giant Saudi Aramco Reports a Huge $161 Billion Profit

An A.I. Start-Up Boomed, but Now It Faces a Slowing Economy and New Rules

As Economy Falters, China’s New Premier Tries to Boost Business Confidence

How Beijing Boxed America Out of the South China Sea

Gen Z Spending Gets Supercharged by Inflation and Wage Growth

A Supermarket Megamerger Will Redefine What You Buy at the Grocery Store

Chick-fil-A Wants to Serve Its Chicken Sandwiches in Asia and Europe

SAP-controlled Qualtrics accepts $12.5 Billion Offer from Silver Lake, CPPIB

MLB to Stream Games for Free Amid Looming Diamond Sports Bankruptcy

Be sure to follow me on Twitter.

Posted by on March 13th, 2023 at 7:03 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.