The tide has turned for San Francisco, San Jose and Seattle, among the biggest winners in the 2010s
The Federal Reserve has been reminding investors that it intends to keep raising rates until it cools inflation closer to its 2% target and restores balance to the economy. But it is focused on the national picture. What will a more balanced US economy look like at the metro level?
Some places will always do better than others, and the postpandemic economy is no different. The Silicon Valley Bank failure has underscored how local economic conditions can ripple through a region in unexpected ways...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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British tech sector 'at serious risk' after SVB collapse: govtChancellor Jeremy Hunt warned that Britain's technology and life sciences sectors are at 'serious risk' following the closure of the Silicon Valley Bank.
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US stock futures rise on Fed rates bets amid moves to limit SVB falloutThe dollar slid as Goldman Sachs predicted the Bank would not lift rates next week, capping the biggest rally for short-dated Treasuries since 1987
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Business Maverick: S&P futures jump on SVB backstop, rate bets shift: markets wrapUS stock futures rallied more than 1.5% while the dollar and bond yields tumbled as investors digested the steps taken by regulators to shore up the American financial sector in the wake of Silicon Valley Bank’s failure.
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SVB collapse seems to be contained, so far …[ICYMI] MoneywebNow podcast with SimonPB, analysis of the Silicon Valley Bank collapse, Citadel on whether there are any positives to the latest GDP numbers and a look at how bias affects investment decisions. Download podcast:
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SVB failure triggers emergency measures by US authoritiesCustomers will have access to all deposits, regulators said, while the Fed made it easier for banks to borrow from it in emergencies
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Business Maverick: SVB depositors will get all their money after frantic weekendSilicon Valley Bank customers have spent three tense days wondering if millions of dollars they entrusted to the now-failed bank were lost. They got their answer Sunday night: All their funds – even amounts not insured by the Federal Deposit Insurance Corporation (FDIC) – will be available.
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