Author: Press Room

Recent bank failures have blown a $22.5 billion hole in the insurance fund that protects bank customers–sparking a debate over who will pay to patch it up.  The collapse of Silicon Valley Bank is expected to cost the Federal Deposit Insurance Corp.’s deposit insurance fund roughly $20 billion, the agency estimates, while Signature Bank SBNY, +3.97%’s failure will cost about $2.5 billion. The bulk of those costs relate to covering deposits at the two banks that exceeded the standard federal deposit-insurance limit of $250,000, FDIC chair Martin Gruenberg said in Congressional testimony this week.  The FDIC in May will propose…

© Reuters. FILE PHOTO: An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. REUTERS/Kim Hong-Ji By Heekyong Yang SEOUL (Reuters) – South Korea on Friday said it will provide 7 trillion won ($5.32 billion) in financial support for its battery makers seeking to invest in infrastructure in North America over the next five years to help firms cope with the U.S. Inflation Reduction Act. Government support will include lowering lending rates and insurance premiums by as much as 20% as well as providing more loans and tax credits…

By Peter Nurse    Investing.com — Oil prices rose Tuesday, extending the previous session’s hefty gains in the wake of the surprise decision of OPEC+ to cut its production levels.  By 09:05 ET (13:05 GMT), futures traded 1.4% higher at $81.51 a barrel, while the contract rose 1.1% to $85.89 a barrel. Both benchmarks jumped more than 6% on Monday after the Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, announced over the weekend additional output cuts of just over 1 million barrels per day from May until the end of 2023. “We had…

By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Wednesday, attempting to arrest two days of losses, but this safe haven remained fragile given the growing confidence in the health of the global banking sector. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 102.328, after drops of about 0.3% in each of the past two sessions. The index remains marginally above last week’s low of 101.91, its weakest level since early February. Fed Vice Chair for Supervision told a Senate Banking…

LONDON (Reuters) -Global companies that form alliances to help them to tackle climate change need clear “safe harbour” guidelines from governments to allay fears they could be tripped up by antitrust rules, legal experts said. Hundreds of companies have banded together into various groups with pledges to reduce carbon emissions to net zero by mid-century. But there is limited guidance from governments and regulators on how far they can collaborate to reach that goal without overstepping antitrust boundaries. Zurich Insurance Group (OTC:) on Wednesday said it was quitting an industry grouping of insurers focused on cutting carbon emissions. That followed…

Google tips on the best morning routine and you’ll find an array of suggestions: Set an intention for the day, do some exercise, meditate … Every successful entrepreneur or even celeb has their secret for starting the day off right. Same goes for nighttime, with suggestions including no alcohol, no work in bed, avoiding TV right before sleep and so on.Whatever your post-wake-up or just-before-bed activities are, if you’re an early bird or night owl, you likely start or end the day with lots of energy. And for those interested in side hustles, this could be the perfect time to…

Apple is finally getting ready to open its first physical store in the country as it bets on India as a market and manufacturing base. The company teased the opening of its retail outlet in a brief statement Wednesday, saying it was preparing to greet customers in the financial and commercial hub of Mumbai. Its previous plan to open a store in the country in 2021 was derailed by the coronavirus pandemic. The company released a photograph of its new boarded-up storefront, located at Jio World Drive Mall, a property owned by Reliance Industries, the conglomerate of Indian tycoon Mukesh…

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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.As the world of cryptocurrency continues to evolve, investors are constantly on the lookout for the next big thing. While Dogecoin, Shiba Inu, Baby Doge Coin, and Dogelon Mars have been some of the most popular tokens in recent months, another token has emerged as a strong contender: DigiToads (TOADS). In this article, we will explore why DigiToads is showing all the signs to give bigger returns than the aforementioned tokens, making it one of the best crypto investments to consider in 2023.>> Buy DigiToads Now <<Dogecoin…

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