News

Biden tries to calm fears after U.S. banks collapse

Published

1 year ago

March 14, 2023

Worldwide bank stocks plunged following the shutdown of Silicon Valley Bank and Signature

U.S. President Joe Biden scrambled to restore confidence in America’s banking system after the swift and stunning collapse of two banks, Silicon Valley Bank and Signature Bank.

The collapses are prompting fears of a wider economic crisis.

The President addressed the nation before the stock market opened attempting to reassure Americans that their deposits are safe.

The speech follows a weekend that saw his administration take emergency measures to contain the damage from Bank runs at two of America’s largest firms.

As the President blames bank executives and Republicans for the failure of the Silicon Valley Bank and Signature Bank, critics say the Federal Reserve’s aggressive rate hikes meant to reign in rampant inflation are having devastating consequences for the American economy.

Up Next

Gary Lineker to return to BBC hosting duties

Don't Miss

Michelle Yeoh’s Oscars speech steals the show

Veronica Dudo

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

News

Apple responds to crushing iPad Pro criticism

Published

4 hours ago

May 14, 2024

Nathan Langridge

Apple issued an apology following backlash over a recent advertisement for the latest iPad Pro.

On this episode of Ahron & Mike Live – Painted Panda dogs confuse zoo goers, luxury Police cars cruise the roads, Siri meets up with ChatGpt and Apple’s “Crush” iPad ad faces overwhelming backlash.

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

8 hours ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending