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Silicon Valley Bank Fallout Shakes Confidence at Asian Startups

Helen Gray 0
Business
SINGAPORE—The failure of Silicon Valley Bank reverberated through startups and venture-capital firms from China to Singapore and India during a roller coaster few days that shook confidence in Asia over reliance on U.S. tech financing. “The SVB problem is an episode that reminds us to review our reliance on investment from the U.S.,” said Wang Guanyan, an executive of a Guangzhou, China-based startup that develops virtual-reality games. Mr. Wang said his company planned to…

Fed’s Mester Would Have Supported Larger Rate Increase This Month

Helen Gray 0
Business
A Federal Reserve official said there was a strong argument for raising interest rates by a half percentage point at the central bank’s meeting earlier this month given the strength of economic demand and persistently high inflation pressures. Fed officials unanimously approved an increase in its benchmark federal-funds rate of a quarter point, or 25 basis points, to a range between 4.5% and 4.75%, at the conclusion of their most recent policy meeting on Feb. 1. A Federal Reserve…

Netflix Shares Rise as Content Drives Strong Subscriber Growth

Helen Gray 0
Business
Netflix Inc. NFLX 7.49% shares rose Friday after the streaming company handily topped its own projections for subscriber gains for the fourth quarter, while analysts weighed the impact of its plans to crack down on password sharing and roll out an ad-supported plan. The streaming giant said after the bell on Thursday that it added 7.7 million new subscribers in the final quarter of the year, topping its own projections for 4.5 million…

Grill Maker Weber to Be Taken Private in $3.7 Billion Deal, With Debt

Helen Gray 0
Business
Weber Inc. WEBR 23.08% on Monday said it agreed to a sweetened buyout from BDT Capital Partners LLC, the private-equity firm that took the grill maker public in 2021 and had remained the company’s majority owner. BDT agreed to pay $8.05 a share, a 24% premium to Weber’s closing price Friday, for the rest of the Palatine, Ill.-based company that it doesn’t own. BDT holds a more-than 85% stake in Weber. The deal values Weber…

The FTC's Antitrust Game Plan

Ann Roberts 0
Technology
Commissioner Lina Khan talks about why the FTC has pursued the lawsuits it has, and how it hopes to move going forward Commissioner Lina Khan talks about why the FTC has pursued the lawsuits it has, and how it hopes to move going forward FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials…