Business - Portland Press Herald

From wine country to London, bank’s failure shakes worldwide

by STAN CHOE and BOBBY CAINA CALVAN Associated Press March 11, 2023

It was called Silicon Valley Bank, but its collapse is causing shock waves around the world.

by KEN SWEET Associated Press March 11, 2023March 11, 2023

Fancy tech-focused Silicon Valley Bank was brought down Friday by the oldest issue in banking: a good ol’ run on the bank.

by JOSH BOAK and CHRISTOPHER RUGABER Associated Press March 11, 2023March 11, 2023

Republicans and Democrats have been dancing around each other about the need to raise the government’s legal borrowing authority.

by JOSH FUNK Associated Press March 10, 2023March 10, 2023

The problem is linked to new wheel sets that were installed on specialized steel coil cars starting in August.

by CHRISTOPHER RUGABER Associated Press March 10, 2023March 10, 2023

The central bank’s next decision will rest heavily on Tuesday’s consumer price index report.

by MATTHEW DALY Associated Press March 10, 2023March 10, 2023

Alaska’s two GOP senators criticized what they consider Laura Daniel-Davis’ lukewarm support for drilling on public lands.

by CLAIRE SAVAGE Associated Press/Report for America March 10, 2023

The embattled e-cigarette giant laid off hundreds and settled thousands of lawsuits last year.

by STAN CHOE Associated Press March 10, 2023March 10, 2023

The S&P 500 drops 1.4% to cap its worst week since September.

by Associated Press March 10, 2023

The Chinese-owned video sharing app will be temporarily prohibited for at least six months.

by KEN SWEET Associated Press March 10, 2023March 10, 2023

The collapse pushes shares of almost all financial institutions lower.