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Banking hearings on SVB collapse, GDP and Fed’s inflation gauge top week ahead
Banking turmoil will be the focus of hearings in the coming week as investors monitor the future of firms including First Republic while also digesting home price and inflation data.
Apple CEO Tim Cook welcomed with applause at Beijing conference sponsored by Chinese government
Apple CEO Tim Cook received applause from the audience as he gave an upbeat speech at a tech conference in Beijing sponsored by the Chinese government.
AOC TikTok defense ripped after Chinese parent company gave 6-figure donations to Hispanic caucus nonprofits
Rep. Alexandria Ocasio-Cortez was blasted for opposing a TikTok ban given Chinese parent company ByteDance's six figure donation to the Congressional Hispanic Caucus Foundation.
AOC rails against TikTok ban in first video to Chinese-owned platform posing possible national security threat
Rep. Alexandria Ocasio-Cortez, D-N.Y., said in her first TikTok video shared Saturday that she opposed a ban of the Chinese owned platform, downplaying national security concerns.
Cracker Barrel becomes latest company to flee Portland amid rising crime, retail theft
Cracker Barrel, citing the coronavirus pandemic, announced this week that is becoming the latest company to move its operations out of the state of Oregon.
Valley National, First Citizens bidding for Silicon Valley: report
Valley National Bank and First Citizens BancShares have reportedly submitted bids for the failed Silicon Valley Bank following it's collapse earlier this month.
IMF says risks to financial stability have increased, calls for vigilance
The International Monetary Fund has issued a warning that the risks to financial stability are rising.
Michigan becomes first state in decades to repeal 'right-to-work' law
Michigan has become the first state in decades to repeal a "right-to-work" law. Gov. Gretchen Whitmer, a Democrat, signed the legislation on Friday to praise from President Biden.
Most Americans don't believe their children will be better off: poll
Over three-quarters of Americans expressed a lack of confidence their children's lives will be better compared to theirs, a Wall Street Journal-NORC poll showed.
Survey finds more than half of millennials, Gen Zers willing to spend more on movie tickets for better seats
Many U.S. millennials and Gen Zers expressed a willingness to spend more for better movie seats, while older generations were less likely to do so, according to a survey.