Business

The Messenger — a yet-to-be-launched news site from media mogul Jimmy Finkelstein — risks becoming a money pit helmed by old-school executives with “delusional” ambitions in an increasingly cutthroat business,...

Nearly 200 more banks may be vulnerable to the same type of risk that took down Silicon Valley Bank: The value of the assets they hold.  There are 186 banks across...

The CEO of the company behind ChatGPT, likely the world’s most famous AI chatbot, admitted that he was “a little bit scared” of his company’s creation during an interview with ABC...

Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company’s new management said. Overall more than $3.2 billion was transferred through payments...

The top US markets regulator on Wednesday announced a package of proposed policies designed to help harden the financial system against hacking, data theft and systems failure. At a public meeting, the...

The Justice Department and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group, the Wall Street Journal reported on...

Pfizer struck a $43 billion deal for Seagen to add innovative targeted therapies to its portfolio of cancer treatments as it braces for a steep fall in COVID-19 product sales and...

Hedge-fund manager Bill Ackman predicted that an “economic meltdown” was looming on Monday following Friday’s collapse of Silicon Valley Bank. In a rambling, 649-word, one-paragraph tweet Saturday, the billionaire predicted...

A New York City-based toy company in hot water after getting caught up in the sudden collapse of Silicon Valley Bank is now begging customers for help keeping it afloat....

General Motors is offering buyouts to a majority of its salaried employees — some of whom could receive severance pay of up to 12 months. The Detroit-based auto giant has...