Stocks opened higher Monday after the market came off a strong week and ahead of Nvidia's earnings on Tuesday.
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Bank Execs Blame Panicked Depositors for Silicon Valley, Signature Failures; Senators Blame Them
Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday.
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The recent failures of a trio of midsize banks has once again raised questions about whether senior executives in the U.S. are being rewarded more for short-term gains — like rising stock prices — than for ensuring their companies' long-term health.
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3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced on Monday.
Morning Alexa Flash Briefings of May 16th
Morning Alexa Flash Briefings
Cheddar Morning News Briefings of May 16th
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NBC Pitches Ad Buyers Amid Writers' Strike
Cheddar News attended the upfront presentation by NBC Universal and broke down how this year's event was different from previous years due to the ongoing writers' strike.
Microsoft Bid to Buy Activision Blizzard Clears Key Hurdle but $69B Deal Still at Risk
The European Union has approved Microsoft’s $69 billion purchase of video game maker Activision Blizzard.
