• Senators Slam Starbucks' Schultz for 'Union Busting'
  
  U.S. Senators blasted ex-Starbucks Chief Executive Howard Schultz Wednesday over the company's "union busting" when he was at the helm.
• Fed, SVB Explored Discount Window Before Collapse
  
  The Federal Reserve was in discussions with Silicon Valley Bank the day before its collapse to move pledgable collateral to the discount window, a key facility long associated with providing emergency loans to banks.
• Pending Home Sales Post 3rd Straight Monthly Gain
  
  Contracts to buy U.S. previously owned homes increased for a third straight month in February, raising cautious optimism that the housing market slump could be bottoming out.
• Treasury Yields Rise as Investors Mind Banks, Fed
  
  Treasury yields rose Wednesday as investors continued to evaluate whether recent banking stresses will be contained and what tighter lending standards emanating from recent bank failures will mean for Federal Reserve policy.
• Wall St Opens Higher as Banking Crisis Fears Ebb
  
  Wall Street's main indexes opened higher Wednesday as easing worries about a banking crisis lifted risk sentiment, while investor expectations rose about a pause in the Federal Reserve's interest rate hikes.
• FDA Approves First OTC Opioid Overdose Reversal Drug
  
  The U.S. Food and Drug Administration on Wednesday approved the over-the-counter use of Emergent BioSolutions Inc's Narcan, making it the first opioid overdose reversal drug to be sold nationwide without a prescription.
• US to Auction Gulf of Mexico Oil Under Climate Bill
  
  The Biden administration will auction oil and gas leases across more than 114,000 square miles (295,000 square kilometers) in the Gulf of Mexico Wednesday in a sale mandated by last year's climate bill compromise.
• FDIC Hires Newmark to Sell Billions of Signature Debt
  
  The Federal Deposit Insurance Corp. (FDIC) has hired Newmark Group Inc to sell about $60 billion of Signature Bank loans, The Wall Street Journal reported Wednesday citing people familiar with the matter.
• Carl Icahn Wants to Bring Back Illumina's Ex-CEO
  
  Carl Icahn wants former Illumina CEO Jay Flatley back at the U.S. life sciences firm, The Wall Street Journal reported Wednesday, as the activist investor intensifies his proxy fight that was launched earlier this month.
• JPMorgan's Dimon to Testify Under Oath on Epstein
  
  Jamie Dimon, the chief executive of JPMorgan Chase & Co., will be interviewed under oath over the bank's relationship with late sex offender and former client Jeffrey Epstein, a lawyer involved in the case said Tuesday.
• Ermotti Back at UBS to Lead Credit Suisse Takeover
  
  UBS announced Wednesday it will bring back former chief executive Sergio Ermotti to handle the huge risks involved in the Swiss banking giant's controversial absorption of troubled rival Credit Suisse.
• Credit Suisse Still Helping Wealthy Dodge US Taxes
  
  Credit Suisse continues to help ultra-wealthy Americans evade taxes and had concealed more than $700 million from tax authorities in violation of a 2014 plea agreement, the U.S. Senate Finance Committee said Wednesday.
• Musk Urges Pause on AI, Citing 'Risks to Society'
  
  Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society and humanity.
• Mortgage Refinancings Reach 6-Month High
  
  U.S. residential mortgage refinancing activity climbed to a six-month high last week, a trade group said Wednesday, fueled by a third straight weekly drop in borrowing costs on the heels of a pair of major bank collapses that have clouded the outlook for interest rates.
• White House to Call for New Banking Rules
  
  The White House is readying plans to push federal banking regulators to impose new rules on midsize banks after the collapse of Silicon Valley Bank earlier this month, The Washington Post reported Wednesday, citing two people familiar with the preparations.
• Adidas Retracts Stand vs Black Lives Matter Design
  
  Sportswear maker Adidas AG on Wednesday reversed course 48 hours after asking the U.S. Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes.
• US Stock Futures Climb, Dow Up 247 Points
  
  U.S. stock index futures climbed Wednesday as easing worries about a banking crisis lifted risk sentiment, while investors awaited economic data to assess the Federal Reserve's monetary policy path.
• Global Stocks Up as Anxiety Over Banks Starts to Fade
  
  Global stocks rose Wednesday as anxiety about the global financial system began to fade following three high-profile bank failures.
• US Slaps Trade Curbs on 5 Chinese Firms Over Alleged Role in Uyghur Repression
  
  The Biden administration on Tuesday imposed new trade restrictions on five Chinese companies for allegedly aiding in Beijing's repression of the Uyghur Muslim minority group.According to Hikvision's 2021 half-year report, at least four of the companies facing new curbs...
• Biden Says Banking Crisis 'Not Over Yet'
  
  U.S. President Joe Biden said Tuesday he has done what is possible to address the banking crisis with available authorities but that it is "not over yet."
• AMC Shares Jump on Report Amazon Exploring Deal
  
  Shares of AMC Entertainment Holdings Inc. (AMC) jumped as much as 21% Tuesday, following a report that ecommerce giant Amazon.com Inc was looking to buy the theater chain.
• Biden Kicks off Campaign Touting US Economy
  
  President Joe Biden launched a new drive Tuesday to promote a major theme of his expected reelection campaign, touting what he said was a resurgence of U.S. manufacturing -- and warning Republicans could tank the economy.
• Wall Street Ticks Down With Decline in Tech Shares
  
  U.S. stocks ended lower Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run.
• Bill Wirtz: FTC Blocking Microsoft-Activision Will Worsen Consumers' Gaming Experiences
  
  In many households, the word "PlayStation" has become synonymous with gaming in the same way that we now "Google" things or "call an Uber".
• Gallup Poll: Biden Gets 32% Approval on Economy
  
  President Joe Biden continues to face difficulties at home and abroad.

More Street Talk Stories