Business
Tech leaders remain oblivious to the true lessons of Silicon Valley Bank
6 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
6 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
6 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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Follow my tips and learn why it's never too late to make this year's Spring travel plans without busting the family budget. Read more ...
Empty for years, NYC's famous Flatiron Building - and its weird narrow...
The Flatiron Building has been used as both a retail and office space throughout its 120-year history, and it achieved national landmark status in 1989. Anadolu Agency/Getty... Read more ...
Republicans are seeking wealthy, self-funding candidates to help the party...
Last year, Karrin Taylor Robson lost the Arizona GOP gubernatorial nomination to Kari Lake. Now, Republicans are looking to wealthy figures like Taylor Robson to flip the... Read more ...
'I'd really prefer it if he stayed out of our way': Starbucks union...
Laxman Narasimhan officially took over as CEO of Starbucks on March 20. He spent the first six months immersing himself with the brand, including training as a barista... Read more ...
Idaho becomes 5th state after Utah, South Carolina, Mississippi and Oklahoma...
The Idaho Capitol building, Monday, Jan. 23, 2023, in Boise. Darin Oswald/Idaho Statesman/Tribune News Service via Getty Images Drug companies have banned their drugs from... Read more ...
Just a Bunch of Mustang GT3 Race Car Photos from Testing at Sebring
Ford is taking the 2024 Mustang racing on the world stage. When the S650-generation Mustang was revealed late last year, Ford made a big deal of talking about how the new pony... Read more ...
The Camellias Residences In India-A Dramatic New Luxury Destination For...
Gurgaon is home to IT and Fortune 500 companies, and now The Camellias, a luxurious residential city is a game changer for the country. Read more ...
Explosion at Pennsylvania chocolate factory kills at least 2, 1 found alive...
A screenshot of video captured by WPVI-TV ABC 6. WPVI-TV ABC 6 Philadelphia A Friday evening explosion leveled a chocolate factory in Reading, Pennsylvania. The explosion... Read more ...
Salesforce COO warns there may be even more job cuts coming to 'change and...
Salesforce recently cut around 8,000 roles. Noam Galai/Getty Images Salesforce COO Brian Millham said it could "change and reshape" the company, per Bloomberg. The company has... Read more ...
New York Post and New York Daily News torch Trump for threats against Bragg...
The front pages of the New York Post and the New York Daily News on March 25, 2023. New York Post. New York Daily News. Both New York tabloids on Saturday called out Trump's... Read more ...