California Banking Regulator says SVB Oversight Inadequate

May 8 Reuters California39;s financial regulator failed to press leadership at Silicon Valley Bank to address known problems quickly enough before the lender imploded in March, according to a report released Monday in which the agency pledged to do better in the future. The postmortem by California39;s Department of Financial Protection and Innovation DFPI follows […]
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Binance Lifts Block on BTC Withdrawals amid Heavy Volumes

Four hour block on bitcoin withdrawals across Sunday and Monday Pending transactions cleared with higher fees Binance May 7 Reuters Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. Late on Sunday and again early on Monday […]
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Qualcomm to Acquire Israeli AutoChip Maker Autotalks

May 8 Reuters Chip designer Qualcomm Inc said on Monday it would buy Israel39;s Autotalks Ltd that makes chips used in technology aimed at preventing vehicle crashes, as the U.S. firm looks to deepen its automotive business. With increasing electric vehicles and automatic features in cars, the number of chips used by automakers is surging, making […]
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Walmart Keeps Grocery Prices Steady amid Inflation

Dataweave analyzed prices of 589 products over 14month period Walmart39;s avg. basket price rose 3 vs avg. inflation of 7.5 Walmart outpriced rivals on basket of food items where inflation was fiercest NEW YORK, May 5 Reuters A new analysis of Walmart39;s pricing strategy reveals it has consistently kept grocery prices lower than competitors while […]
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