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The Gazette in Medina, Ohio

11 Mar 2023

Page 13

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Mar 11, 2023

Page

13

Silicon Valley Bank Seized After Rapid Failure

U S regulators seized Silicon Valley Bank on Friday after a bank run, the largest failure since the 2008 crisis. The FDIC moved to shutter the lender known for tech and venture backing, while stocks tumbled and analysts warned of broader impact on the market and startups.

MENTIONED IN THIS ARTICLE

New York U.S Silicon Valley Bank Washington Mutual Silicon Valley Y Combinator Airbnb DoorDash Dropbox Garry Tan Tan Wall Street Lehman Brothers Federal Deposit Insurance Corporation FDIC White House Treasury Janet Yellen Cecilia Rouse Bill Biggerstaff Robert Medearis Shopify ZipRecruiter Andreessen Horowitz Marc Andreessen Bill Tyler TWG Supply Grapevine Texas TWG Rippling Peo Rippling Parker Conrad Jpmorgan Chase Federal Reserve Fed Ashley Turner FarmboxRx Turner
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Jobs rise continues as February adds 311000 positions

The February employment report shows 311000 new jobs, unemployment at 3.6 percent, and wage growth slowing to 0.2 percent. Fed thinking on rate hikes remains unsettled as data hint at a healthier yet cautious labor market and rising consumer prices. President Biden touts the report as validation of the economic plan.

MENTIONED IN THIS ARTICLE

Washington America Federal Reserve Fed Jerome Powell Congress COVID CPI Paul Ashworth Capital Economics Joe Biden
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