CNBC analyst Jim Cramer is once again being pilloried on social media after a clip resurfaced showing the “Mad Money” host recommending viewers buy shares of Silicon Valley Bank’s parent company, which owns the tech-driven commercial lender that swiftly collapsed on Friday.
New York-based Signature Bank, with $110.36 billion in assets, has become the third largest bank failure in US history, following the recent collapse of Silicon Valley Bank, but depositors of both banks will be made whole and no losses will be borne by the taxpayer.
Donald Trump’s former lawyer and fixer Michael Cohen is scheduled to testify Monday before a Manhattan grand jury investigating hush-money payments made on the former president’s behalf.
Just hours before the CEO of Norfolk Southern testified this week before Congress about his railway's apparent difficulty staying on the tracks, another one of its trains derailed in Alabama.
Inspectors General from the Labor Department, Treasury Department, and Small Business Administration (SBA)testified on Covid-19 relief funding to the House Oversight Committee, stating that billions of dollars were lost through "fraud" and "waste" in what was "the biggest fraud in a generation."
Mexican President Andres Manuel Lopez Obrador has threatened to launch an "information campaign" in the US against Republicans in response to calls for action against cartels smuggling fentanyl across the border, urging Mexicans and Hispanics not to vote for them unless US lawmakers change their treatment of Mexico.
An audit has revealed that over 42,000 federal employees have repeatedly failed to file their taxes, owing $1.5 billion in unpaid taxes, with the IRS having little ability to punish them.
Visa, Mastercard, and Discover have delayed the implementation of a new merchant category code aimed at tracking firearm sales due to legislative proposals and criticism.
Adidas has warned that it could experience its first annual loss in 31 years, with the sportswear company projecting a full-year operating loss of 700 million euros, or $739 million, for 2023.
