Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned. The company, itself a high-flying startup, has benefited after venture capital firms advised their portfolio companies to withdraw funds from Silicon Valley Bank this week. Brex opened thousands of new accounts totaling billions of dollars in […]
Saudi Arabia and Iran on a world map Jeanursula | E+ | Getty Images DUBAI, United Arab Emirates — Long-time regional foes Iran and Saudi Arabia agreed to resume diplomatic relations and reopen embassies in each other’s countries following China-led negotiations in Beijing, both governments announced via their respective state media agencies. “As a result […]
Job creation decelerated in February but was still stronger than expected despite the Federal Reserve’s efforts to slow the economy and bring down inflation. Nonfarm payrolls rose by 311,000 for the month, the Labor Department reported Friday. That was above the 225,000 Dow Jones estimate and a sign that the employment market is still hot. […]
If you’re in the market for a new car, be prepared for the possibility of paying more than sticker price. The average new-car price in February was $45,296, compared with the average manufacturer’s suggested retail price, or MSRP, of $41,637, according to new research from iSeeCars.com. An estimated 31% of new vehicles were sold above […]
This $22.5 million condo in Miami spans 6,200 square feet with four bedrooms and five and a half baths. But perhaps more impressive than what comes inside those four walls is the mind-blowing list of over-the-top amenities that comes with it. The luxury condo is situated on the 48th floor of the Turnberry Ocean Club […]
Bond yields surged earlier this week as markets got jittery on reignited fears that the U.S. Federal Reserve will keep interest rates higher for longer. The 2-year Treasury yield topped 5% for the first time since 2007 on Tuesday, although was trading around 4.7947% early Friday. The 10-year yield inched higher to trade close to […]
