Candida auris is a yeast responsible for many infections. Resistant to most antifungal drugs, this fungus causes several deaths around the world. BSIP | Universal Image Group | Getty Images An often drug-resistant fungus has spread at an “alarming rate” in healthcare settings across the United States, according to the Centers for Disease Control and … Read more
A medical professional administers a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic at the Peabody Institute Library in Peabody, Massachusetts, U.S., Wednesday, January 26, 2022. vanessa leroy | Bloomberg | Getty Images People who caught Covid-19 before being vaccinated had a weaker immune response to injections than those who never had the … Read more
UBS agreed on Sunday to buy embattled domestic rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) in a government-backed cut-price deal. Swiss authorities and regulators helped regulate the deal, which came amid fears of contagion to the global banking system after two smaller US banks collapsed in recent weeks. “Switzerland’s position as a … Read more
Shares of Indonesia’s GoTo fell 2.78% in early trading on Tuesday after the company reported a bigger net loss in 2022. While the fourth-quarter 2022 adjusted EBITDA loss has improved, the company still lags peers such as Grab and Sea Limited, said DBS analyst Sachin Mittal. GoTo management had previously pledged costs, including two rounds … Read more
It’s not just regional bank stocks that have been hit by the recent banking crisis – large-cap bank stocks have also fallen. But some analysts believe the drop is overdone and retail investors flocked to buy the drop in the biggest traditional US banks last week. Still, there may be more room to run. JPMorgan … Read more
Dodge is resurrecting its controversial muscle car model, the Challenger SRT Demon, with one last special edition of the vehicle before production of the brand’s current V8-powered cars ends later this year. Dodge claims the new car will deliver 1,025 total horsepower, 945 pound-feet of torque and hit 60 mph from a 1.66-second launch. The … Read more
A credit crunch is a significant tightening of lending standards between banks. Loans are more difficult to obtain and become more expensive. The banking crisis triggered by the failures of Silicon Valley Bank and Signature Bank will likely lead small and medium-sized institutions to prioritize a healthy balance sheet. The prospect of a recession led … Read more
The Silicon Valley Bank collapse and banking crisis is “an excellent case study” for clients, says a financial adviser. When Silicon Valley Bank could not cover its customers’ withdrawal requests, it was forced to sell its Treasury bills before maturity at a steep loss. “The first line of defense should always be money,” says Lazetta … Read more
Andy Jassy, CEO of Amazon.Com Inc., at the GeekWire Summit in Seattle, Washington, USA on Tuesday, October 5, 2021. david ryder | Bloomberg | Getty Images Amazon will lay off 9,000 more employees in the coming weeks, CEO Andy Jassy said in a memo to staff on Monday. The cuts come on top of previously … Read more
An hour ago European banking stocks slide Bank stocks slid at the open on Monday, with Credit Suisse and UBS leading the drop. Bank stocks were down 2.75% at 9:17 a.m. London time, paring some losses. Shares of Credit Suisse fell 58%, while UBS rallied slightly to trade down 9% at 9.17am London time after … Read more
