economy

Federal Reserve Acknowledges Inadequate Oversight of SVB Collapse

Source Node: https://platodata.network/platowire/federal-reserve-acknowledges-inadequate-oversight-of-svb-collapse/
Time Stamp: March 24, 2023 5:28 AM - Modified On: March 24, 2023 - Published By:
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The Federal Reserve has recently acknowledged its inadequate oversight of the collapse of Silicon Valley Bank (SVB) in 2020. The collapse of SVB, a small California-based bank, was caused by a combination of factors, including poor management and risky lending practices. However, the Federal Reserve's failure to properly supervise the bank's operations also played a significant role in its downfall.SVB was a small bank with assets of around $500 million, making it a relatively minor player in the banking industry. However, it had a significant presence in the technology sector,

Construction of Dream Las Vegas Halted Due to Insufficient Developer Funds

Source Node: https://zephyrnet.com/dream-las-vegas-construction-paused-after-developer-funds-dry-up/
Time Stamp: March 22, 2023 8:01 AM - Modified On: March 22, 2023 - Published By:
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The construction of the Dream Las Vegas, a $3.1 billion casino and resort project, has been halted due to insufficient developer funds. The project was expected to be a major addition to the Las Vegas Strip, but now faces an uncertain future.The Dream Las Vegas was being developed by a partnership between real estate firm Witkoff Group and New Valley LLC, a subsidiary of the publicly traded company Vector Group Ltd. The project was set to feature a 450-foot-tall tower with 1,500 hotel rooms, a casino, and a convention center.However,

Construction of Dream Las Vegas on Hold as Developer Runs Out of Funds

Source Node: https://zephyrnet.com/dream-las-vegas-construction-paused-after-developer-funds-dry-up/
Time Stamp: March 22, 2023 8:01 AM - Modified On: March 22, 2023 - Published By:
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The construction of Dream Las Vegas, a highly anticipated hotel and casino project, has been put on hold due to the developer running out of funds. The project was expected to be a major addition to the Las Vegas Strip, but now its future is uncertain.The Dream Las Vegas project was announced in 2018 by developer Witkoff Group and New Valley LLC, a subsidiary of Vector Group Ltd. The project was set to feature a 450-foot-tall tower with 1,500 hotel rooms and 500,000 square feet of convention space. The project

ING predicts moderate hawkish surprise by the Fed could lead to a potential recovery of the dollar

Source Node: https://zephyrnet.com/dollar-could-recover-a-bit-on-the-back-of-a-moderate-hawkish-surprise-by-the-fed-ing/
Time Stamp: March 22, 2023 7:11 AM - Modified On: March 22, 2023 - Published By:
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ING, a leading global bank, has predicted that a moderate hawkish surprise by the Federal Reserve could lead to a potential recovery of the dollar. The prediction comes as the US central bank is set to hold its policy meeting this week, where it is widely expected to signal a shift towards a more hawkish stance.The Fed has been under pressure to address rising inflation and the potential threat it poses to the US economy. Inflation has been running at its highest level in over a decade, fueled by a

ING predicts that the dollar may experience a slight rebound due to a moderate hawkish surprise from the Fed.

Source Node: https://zephyrnet.com/dollar-could-recover-a-bit-on-the-back-of-a-moderate-hawkish-surprise-by-the-fed-ing/
Time Stamp: March 22, 2023 7:11 AM - Modified On: March 22, 2023 - Published By:
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ING Predicts a Slight Rebound for the Dollar Due to Hawkish Surprise from the FedThe US dollar has been on a downward trend for the past few months, with the COVID-19 pandemic and the Federal Reserve's monetary policies being the primary drivers. However, ING, a leading global bank, predicts that the dollar may experience a slight rebound due to a moderate hawkish surprise from the Fed.What is a hawkish surprise?A hawkish surprise is a term used to describe a shift in monetary policy towards tighter monetary conditions. This shift can

US Officials Contemplate Extending Deposit Insurance Coverage to More Individuals and Institutions

Source Node: https://zephyrnet.com/us-officials-consider-expanding-deposit-insurance-coverage/
Time Stamp: March 22, 2023 5:13 AM - Modified On: March 22, 2023 - Published By:
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In the wake of the 2008 financial crisis, US officials have been contemplating extending deposit insurance coverage to more individuals and institutions. Deposit insurance is a government-backed program that protects depositors in case their bank fails. The Federal Deposit Insurance Corporation (FDIC) is the agency responsible for administering this program.Currently, the FDIC insures deposits up to $250,000 per depositor per insured bank. This coverage applies to all types of deposit accounts, including checking, savings, money market, and certificate of deposit (CD) accounts. The FDIC does not insure investments such as

Regulation of Alternative Fuel Infrastructure: Insights from Hydrogen Europe and Signatories

Source Node: https://zephyrnet.com/hydrogen-europe-e-signatarios-sobre-a-regulamentacao-da-infraestrutura-de-combustiveis-alternativos/
Time Stamp: March 22, 2023 4:05 AM - Modified On: March 22, 2023 - Published By:
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Alternative fuels are becoming increasingly popular as a means of reducing carbon emissions and promoting sustainable energy sources. One such alternative fuel is hydrogen, which has the potential to power a wide range of vehicles and equipment, from cars and buses to trains and ships. However, the widespread adoption of hydrogen as a fuel source requires a significant investment in infrastructure, including production facilities, storage tanks, and refueling stations. To ensure that this infrastructure is developed in a safe and efficient manner, regulators around the world are working to establish

The Role of IoT and Machine Learning in Business: Exploring their Impact (Amay Barange)

Source Node: https://zephyrnet.com/making-an-impact-iot-and-machine-learning-in-business-amay-barange/
Time Stamp: March 22, 2023 2:01 AM - Modified On: March 22, 2023 - Published By:
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The Internet of Things (IoT) and machine learning are two technologies that are rapidly transforming the way businesses operate. IoT refers to the network of physical devices, vehicles, home appliances, and other items embedded with sensors, software, and connectivity that enable them to collect and exchange data. Machine learning, on the other hand, is a subset of artificial intelligence (AI) that allows machines to learn from data and improve their performance without being explicitly programmed.Together, these two technologies are creating new opportunities for businesses to improve their operations, enhance customer

Learn about Future-proof Data Management with Denodo’s Logical Architectures: Data Fabric and Data Mesh through a Demo

Source Node: https://zephyrnet.com/denodo-demo-future-proof-data-management-through-logical-architectures-data-fabric-and-data-mesh/
Time Stamp: March 21, 2023 9:14 PM - Modified On: March 21, 2023 - Published By:
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Published by Plato

In today's digital age, data is the lifeblood of any organization. It is the fuel that drives business decisions, enables innovation, and creates value. However, managing data can be a daunting task, especially with the exponential growth of data volumes, sources, and formats. To stay competitive, organizations need to adopt future-proof data management strategies that can handle the complexity and diversity of data.Denodo is a leading provider of data virtualization software that helps organizations simplify and accelerate data integration, access, and delivery. Denodo's logical architectures, Data Fabric, and Data Mesh,

Understanding the reasons behind the decline of Silicon Valley Bank

Source Node: https://zephyrnet.com/listen-the-downfall-of-silicon-valley-bank/
Time Stamp: March 21, 2023 5:31 PM - Modified On: March 21, 2023 - Published By:
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Silicon Valley Bank (SVB) has been a prominent player in the tech industry for decades, providing financial services to startups and established companies alike. However, in recent years, the bank has experienced a decline in its performance, leading many to wonder what has caused this shift. In this article, we will explore the reasons behind the decline of Silicon Valley Bank.1. Increased competitionOne of the primary reasons for SVB's decline is the increase in competition. As the tech industry has grown, so too have the number of financial institutions offering

Shift in Fundraising Sees European Tech Startups Double Debt Financing

Source Node: https://zephyrnet.com/europe-tech-startups-doubled-debt-financing-in-fundraising-shift/
Time Stamp: March 21, 2023 4:46 PM - Modified On: March 21, 2023 - Published By:
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In recent years, there has been a significant shift in the way European tech startups are raising funds. While equity financing has traditionally been the preferred method for startups to raise capital, there has been a doubling in the amount of debt financing being used by European tech startups. This shift is indicative of a changing landscape in the world of fundraising, and it is important for entrepreneurs and investors alike to understand the reasons behind this trend.One of the primary reasons for the shift towards debt financing is that