Happy St. Patrick's Day! Dan O'DeFrancesco (we're all Irish today) in NYC. Goldman Sachs' decision to charge employees for coffee might not be that outrageous after all! An extremely valuable baseball team makes its players pay for their own in-flight wifi.
It's finally Friday, friends. I'm Diamond Naga Siu, and I'm pretty tired of the gloomy weather here in San Diego. It's the rainiest start to a year around here for decades. And it's an alarming welcome back to the state.
This week felt like the longest month ever. Phil Rosen here — who knew you could age so precipitously in so few calendar days?
The weekend is nearly here! Dan DeFrancesco in NYC. Forget "Cocaine Bear." We've got cocaine hippos!
The ripples from Silicon Valley Bank's collapse are still being felt by the industry. San Francisco-based First Republic Bank is reportedly considering different strategic options, including a sale.
It's almost the weekend, pals. I'm Diamond Naga Siu, and I watch about one movie per year. Last year was "Bullet Train." This year, it was "Everything Everywhere, All At Once" (finally).
Can you believe it's only Thursday? Phil Rosen here. The sheer volume of financial news this week is enough to fill a very thick book — but if it's okay with you, today we'll keep it to a single newsletter.
One thing I'm thinking about this morning: Elon Musk said he sees similarities between the Silicon Valley Bank collapse and the 1929 Wall Street crash.
Is it Friday yet? Dan DeFrancesco in NYC. What a week it's been already for Wall Street. Fortunately, it seems like things are finally starting to calm down.
It's also good to see the world goes on despite how crazy it might seem in our little bubble. Like this guy who's bringing a lawsuit against Buffalo Wild Wings.
Hey there, buds. I'm Diamond Naga Siu, and I'll be writing to you from San Diego for the foreseeable future. Big thanks to my editor Matt Weinberger and my teammate Paayal Zaveri for filling in while I wrapped up my cross-county move.
Howdy team. Senior reporter Phil Rosen here.
Everyday now we've been talking about Silicon Valley Bank — SVB — and I've had to catch myself several times from saying SBF — Sam Bankman-Fried — the guy behind the other big financial collapse in recent months.
Hey there! Dan DeFrancesco in NYC.
When federal regulators stepped in to guarantee deposits at Silicon Valley Bank and Signature Bank late Sunday (more on that here), the goal was simple: Ease the public concerns and calm the markets.
Not so fast, my friend!