business

Gordon Moore, co-founder and former CEO of Intel, has passed away at the age of 94. He was the last surviving member of the Intel Trinity, which also included his co-founder Robert Noyce and their first recruit Andy Grove. Moore and Noyce previously worked with transistor co-inventor William Shockley before helping found Fairchild Semiconductor. In … Read more

(Bloomberg) — Last year’s crypto market collapse sparked a series of bankruptcies that almost completely reshaped the digital asset industry. This year, government watchdogs appear to be on the scene to get the job done. Most read from Bloomberg This past week, the industry was hit with another deluge of enforcement news, from the SEC’s … Read more

There’s a reason Silicon Valley Bank became such a fixture among startups: it understood their needs better than any other bank. Even now, many banks don’t have the flexibility and understanding to make banking easy for startups. Now that the SVB is gone, many young companies will find it more difficult to manage their finances. … Read more

St. Louis Fed President James Bullard is optimistic that stress in the banking system will ease in the coming weeks and months, leaving a stronger economy that could force the central bank to raise interest rates. “I would give it an 80% chance if the financial stress eases,” Bullard said, speaking in St. Louis. “If … Read more

March 24, 2023 image source, Getty Images Business leaders have hit back after the Bank of England governor told them to think twice before raising prices to cope with inflation. Andrew Bailey said higher prices could drive up the cost of living even further and hurt the poorest the most. But the boss of pub … Read more