OpenAI closes $300 million funding round at $27 billion-$29 billion valuation – TechCrunch
(Corrects headline and story to show a $300 million share sale, not $10 bln or $10.3 billion) (Reuters) – OpenAI,…
Economy
US Fed points finger at Trump-era rollback for SVB demise
By Douglas Gillison (Reuters) -The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for…
Wall Street climbs as strong earnings offset slowdown worries, Fed meeting in focus
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – U.S. stock indexes advanced on Friday after strong earnings updates…
US regulators vow to sharpen oversight as SVB, Signature aftershocks reverberate
By Ann Saphir, Hannah Lang and Chris Prentice (Reuters) – U.S. regulators on Friday put large banks on notice that…
Wall Street Week Ahead: Recession worries simmer beneath US stock market rally
By Lewis Krauskopf NEW YORK (Reuters) – Economically sensitive areas of the U.S. stock market are flashing warnings over growth,…
Quotes: Fed plans broad revamp of bank oversight in wake of SVB collapse
(Reuters) – The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and…
U.S. bank deposits dip in latest week
(Reuters) – Deposits at commercial U.S. banks dipped in the week ended April 19, signaling no fresh worries about bank…
Factbox: Red flags galore – Fed officials cited Silicon Valley Bank 31 times
(Reuters) – At the time of Silicon Valley Bank’s collapse, the number of outstanding safety and soundness warnings from Federal…
U.S. regulator set to take over First Republic-source
NEW YORK (Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic under receivership imminently,…
Wall St ends higher, posts weekly, monthly gains on solid earnings, Fed pause hopes
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied to a higher close on Friday and benchmark Treasury yields…