FitBit shares plunge after earnings and Comcast makes a bid for UK broadcaster Sky. Plus Macy's shares are popping after trouncing earnings estimates. And we check in from the Mobile World Congress in Barcelona to see what Lenovo's got in store.
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Government Races to Reassure US That Banking System Is Safe
Depositors withdrew savings, and investors broadly sold off bank shares as the federal government raced to reassure Americans that the banking system is secure following two bank failures.
Pfizer Invests in Cancer Research With $43 Billion Acquisition
Pfizer has entered a $43 billion merger agreement with biotechnology firm Seagen in a deal designed to bolster the pharmaceutical giant's efforts to fight cancer
'Scream VI' Shocks Crowds to Best Opening Weekend in Franchise History
'Scream VI' Shocks Crowds to Best Opening Weekend in Franchise History
Cheddar Afternoon News Briefings of March 13th
Cheddar Afternoon News Briefings
Biz Headlines: USCD Stablecoin Depegs, Pfizer Releases New Migraine Drug & Scream VI Slashes Competition
The second-largest stablecoin — a cryptocurrency that is pegged to a fiat currency — USCD depegged from the dollar, hitting an all-time low of around 88 cents over the weekend.
Bank Stocks Tumble; Others Rise on Hopes for Easier Rates
Bank stocks tumbled Monday on worries about what's next to break, following the second- and third-largest bank failures in U.S. history.
Cheddar Morning News Briefings of March 15th
Cheddar Morning News Briefings
U.S. Government Moves to Stop Potential Banking Crisis
The Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation said all depositors at the failed Silicon Valley Bank could access all their money quickly, even as another major bank was shut down.
Yellen: No Federal Bailout for Collapsed Silicon Valley Bank
The Treasury Secretary, who emphasized that the situation was much different from the financial crisis almost 15 years ago, said the government would help depositors who are concerned about their money.
