Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color | CNN Business

Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color | CNN Business

CNN  —  When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those … Read more

Trump-related stocks surge after indictment | CNN Business

Trump-related stocks surge after indictment | CNN Business

New York CNN  —  Three stocks with ties to former President Donald Trump surged Friday after two sources familiar with the case told CNN that Trump faces 30 counts related to business fraud in an indictment from a Manhattan grand jury. It’s not clear why investors sent shares of those companies soaring Friday, although the … Read more

The forgotten rescue plan that could prevent another SVB-like collapse | CNN Business

The forgotten rescue plan that could prevent another SVB-like collapse | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  After Silicon Valley Bank and Signature Bank failed, the US government stepped in with … Read more

Silicon Valley Bank collapses after failing to raise capital | CNN Business

Silicon Valley Bank collapses after failing to raise capital | CNN Business

New York CNN  —  Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis set off fears of a meltdown across the banking industry. Its failure marks the largest shutdown of a US bank since 2008, when Washington Mutual fell during the financial crisis. California regulators closed down the … Read more

Nigerian tech entrepreneur has Sheffield United in his sights | CNN

Nigerian tech entrepreneur has Sheffield United in his sights | CNN

CNN  —  Nigerian tech entrepreneur Dozy Mmobuosi has “made a deposit” to buy Sheffield United, in a takeover that would make him the only Black majority owner in England’s top two professional leagues. Sheffield United currently lie second in the Championship competition and are on course to being promoted to the Premier League, which is … Read more

Pakistan to appoint former spy chief as new head of army | CNN

Pakistan to appoint former spy chief as new head of army | CNN

Islamabad, Pakistan CNN  —  Pakistan on Thursday named former spy chief Lt. Gen. Syed Asim Munir as chief of the South Asian country’s army, ending weeks of speculation over an appointment that comes amid intense debate around the military’s influence on public life. In a Twitter post, Information Minister Marriyum Aurangzeb said Munir’s appointment would … Read more

Mortgage rates fall for the second week in a row | CNN Business

Mortgage rates fall for the second week in a row | CNN Business

Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen throughout most of 2022, spurred … Read more

China’s Singles Day sales could top 1 trillion yuan even as the economy cools | CNN Business

China’s Singles Day sales could top 1 trillion yuan even as the economy cools | CNN Business

Hong Kong CNN Business  —  China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales records. This year’s bonanza, which wraps up on Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), will likely be no exception: Analysts expect it to rack up 1 trillion yuan ($140.8 … Read more

Michael Imperioli recalls the ‘Goodfellas’ scene that sent him to the hospital | CNN

Michael Imperioli recalls the ‘Goodfellas’ scene that  sent him to the hospital | CNN

CNN  —  Michael Imperioli sat down with CNN’s Chris Wallace to discuss the iconic actors he met working on the sets of “Goodfellas” and “The Sopranos” – and the scene that sent him to the emergency room. Imperioli, 56, got his big break after being cast in Martin Scorsese’s classic mob film “Goodfellas” at the … Read more

The Fed isn’t about to back down from its inflation fight | CNN Business

The Fed isn’t about to back down from its inflation fight | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London CNN Business  —  Twelve days from now, the Federal Reserve will meet again, and expectations for the … Read more