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  • Fed’s Powell says SVB collapse may slow the economy through tighter credit
    Economy News

    Fed’s Powell says SVB collapse may slow the economy through tighter credit

    March 23, 2023 /

    Federal Reserve Board Chair Jerome Powell speaks through a news conference at the Federal Reserve in Washington, DC, on March 22, 2023. Olivier Douliery | AFP | Getty Pictures Federal Reserve Chair Jerome Powell reported Wednesday that the U.S. banking sector is powerful but that the current failure of some regional financial institutions could cause ripple effects that gradual down the financial state. At a press meeting right after the most recent Federal Open Marketplaces Committee meeting, Powell described the banking technique as “audio and resilient” but said the central bank was monitoring a improve in the availability of credit score for customers and organizations. “Monetary problems appear to have…

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    Francis McGee Comments Off on Fed’s Powell says SVB collapse may slow the economy through tighter credit

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  • SVB Collapse Rattles Travel Startups
    Travel News

    SVB Collapse Rattles Travel Startups

    March 14, 2023 /

    As the Biden administration attempts to allay panic in the U.S. banking procedure adhering to final week’s collapse of Silicon Valley Bank, analysts following the vacation tech sector say begin-ups might have some limited-time period money challenges, but the threat of longer-phrase implications has eased. The next-largest financial institution failure in U.S. background, the Federal Deposit Coverage Corp. took manage of SVB, which performs with a significant part of U.S. and U.K. startups, on Friday adhering to a run on deposits. That led to a “serious scramble” for Silicon Valley companies, Vacation Tech Consulting president and founder Norm Rose explained. “Any time you won’t be able to withdraw your revenue…

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    Francis McGee Comments Off on SVB Collapse Rattles Travel Startups

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  • Pac-12 in danger of eventual collapse as Big Ten considers further expansion, Big 12 interest looms
    Sport News

    Pac-12 in danger of eventual collapse as Big Ten considers further expansion, Big 12 interest looms

    October 1, 2022 /

    The Big Ten’s continued pursuit of four Pac-12 schools is leading to concern that another round of expansion could collapse the Pac-12, industry sources tell CBS Sports. This as Big Ten commissioner Kevin Warren continues to seek an offer from Amazon, or potentially another partner, for additional Big Ten football media rights revenue. An offer deemed substantial enough would likely convince Big Ten presidents that California, Oregon, Stanford and Washington would be valuable additions to the league from the Pac-12. That figure is believed to be less than $100 million annually. If the Big Ten makes such a move, it would almost certainly increase the likelihood the Big 12 is…

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