Business
Tech leaders remain oblivious to the true lessons of Silicon Valley Bank
8 days ago | By Business Insider
Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today: Sunday Edition, a roundup of some of our top stories. On the agenda today: Tech leaders remain oblivious to the true lessons of Silicon Valley Bank. Allegations of a toxic culture at $2.4 billion Rokt. Companies are laying off middle managers. That's a huge mistake. The era of Big Oil could end sooner than its massive profits suggest. But first: Insider's Madeline Renbarger shares what happened at the SXSW Festival in Texas as tech founders and entrepreneurs learned about the implosion of...
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Here's why the Silicon Valley Bank crash has made a recession much more likely in 2023
8 days ago | By Business Insider
Spencer Platt/Getty Images
The Silicon Valley Bank implosion has raised the odds for a US recession.
That's because fears of a bank crisis could distract the Fed from its goal of lowering inflation.
"I don't really see a pass through the next 12 months without getting a recession," a source told Insider.
Wall Street is worrying that the fall of Silicon Valley Bank has significantly raised the risk of recession in the US. The chief concern is that the episode has complicated the Federal Reserve's mission to keep fighting inflation, experts say, and the turmoil could be a distraction that...
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Go West, young banker! How America's misguided pioneer mindset fueled the fall of Silicon Valley Bank
8 days ago | By Business Insider
Silicon Valley Bank mirrors the myth of the Old West: It started off as a bold pioneer, only to end up running back to the government for help. Witthaya, aoldman / Getty Images; Arif Qazi / Insider From Manifest Destiny to Big Tech, Silicon Valley Bank is a case study in the how the West was spun As Silicon Valley Bank went down the tubes , it wasn't surprising that the loudest mouths in Techworld started demanding that the federal government cover everyone's losses. When capitalism goes kersplat, even the most libertarian Peter Thiel adherents turn into New Dealers. Sure, they like to...
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Jeremy Siegel. Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images The Fed's economic outlook is "absurd," according to Jeremy Siegel. The famed Wharton professor... Read more ...
'Big Short' investor Michael Burry says Jerome Powell should butt out and...
Michael Burry. Jim Spellman/Getty Images Michael Burry wants Fed Chair Jerome Powell to stop commenting and interfering. The "Big Short" investor said that could allow markets... Read more ...
Russian forces have a new focus, and the target city already looks like a...
A military vehicle drives through an area destroyed after a strike, in the city of Avdiivka, Donetsk Oblast, on March 18, 2023. ARIS MESSINIS/AFP via Getty Images Russian... Read more ...
Investors have poured $286 billion into money market funds this month as the...
TIMOTHY A. CLARY / Getty Over $286 billion has made its way into money market funds in March, The FT reported. "We are seeing shifts into money market funds by every segment of... Read more ...
Car companies and dealers are so desperate to demystify electric cars that...
The easiest way to get consumers up to speed on EVs might just be to let them drive one themselves. Julian Stratenschulte/picture alliance via Getty Images The next wave of EV... Read more ...
Five Essential Activities For First-Time Visitors To Jakarta
As you plan your first visit to this storied city, don't miss out on these incredible Indonesian experiences. Read more ...
Rivian Is Relocating Engineers in Hopes of Boosting Production
Rivian wants to consolidate its engineering talent under two roofs, a Tesla factory worker subject to racial harassment is taking the electric car maker to court again for a... Read more ...
Mylio: An Amazing Photo Tool for Travelers
Posted : 3/27/2023 | March 27th, 2023 I'm bad at taking photos. That's not to say the pictures I take are bad. Rather, I always forget to take photos for this blog whenever I'm... Read more ...
Earth Day Is Almost Here-Go Green With These Cool Products
Many companies are now doing their part and are offering products that use sustainable manufacturing processes, organic ingredients and recycled packaging. Read more ...
The Coolest Cars Quentin Tarantino Has Featured in His Movies
Quentin Tarantino just revealed the name of his tenth and final film: The Movie Critic. Right now, details are scarce, but as a white man in my mid-20s who likes movies... Read more ...