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Politics · WashingtonTreasury Secretary Janet Yellen says government will not bail out Silicon Valley Bank. No plan had been announced on Sunday afternoon with hours to go until Asian markets opened. There are fears that some workers across the country won't receive their paychecks. Yellen described rising interest rates, which have been increased by the Federal Reserve to combat inflation.See the Story
Mace doesn’t support a bailout for Silicon Valley Bank
55% Center coverage: 57 sources
Business · Seoul HYBE Co Ltd., the management agency of K-pop super group BTS, on Sunday said it will stop its efforts to acquire rival SM Entertainment. Kakao said it will "continue its tender offer bid until the 26th to secure a further stake and work on the details of business cooperation between HYBE and SM"See the Story
How Kakao won a takeover battle against HYBE for K-pop pioneer SM Entertainment
47% Center coverage: 15 sources
Business · CaliforniaA California regulator shut Silicon Valley Bank on Friday and appointed the Federal Deposit Insurance Corporation as receiver, according to the agency’s statement.See the Story
Regulators shut down Silicon Valley Bank in the biggest bank collapse in years
50% Center coverage: 239 sources
Elon Musk · Houston“Elon Musk is planning to build his own town on part of thousands of acres of newly purchased pasture and farmland outside the Texas capital, according to deeds and other land records and people familiar with the project,” the Wall Street Journal reports.See the Story
Elon Musk Is Planning to Build His Own Town
34% Center coverage: 33 sources
Ohio Train Derailment · WashingtonThe chief executive of one of the nation’s largest railroads is coming to a Senate hearing with an apology and a commitment to send millions of dollars to the village on the Ohio-Pennsylvania border disrupted by a fiery derailment as senators investigate railway safety and the Biden administration’s response to the disaster.See the Story
Norfolk Southern CEO to apologize before US Senate for Ohio derailment
68% Center coverage: 119 sources
