It took less than 48 hours for Silicon Valley Bank to fall from the preferred startup and venture capital bank with $200 billion in assets to being irreparable. Since its collapse and federal takeover, fears have spread throughout the global banking sector, leading to closures of other banks. The California bank was a bit of…

Since the economy is cyclical, there is a recession coming at some point in our future. The question, of course, is when. And since no one can definitively answer that, speculation will only continue. Economists, traders, and armchair investors will continue to worry about how persistent inflation and perceived trouble in the banking industry will…

As banking turmoil spreads around the world, over the weekend Switzerland’s largest bank agreed to buy its struggling rival, Credit Suisse, in a deal worth $3.25 billion. Credit Suisse has faced its share of troubles for years, but the stunning end to the 166-year-old institution is continuing to shake markets. Swiss authorities cut a deal…

America’s top trading partner is also one of its biggest sources of cocaine. For years, Mexican drug cartels have been sending their profits to the United States. In some cases, they have done this through a “sophisticated network of warehouses and front companies” turning “dirty cash” into legal U.S. dollars. Straight Arrow News contributor Peter…

Days after two U.S. banks failed, a Swiss bank is now in crisis. Credit Suisse shares sank as much as 30% Wednesday, hitting a new record low and dragging down global markets already jittery from bank instability. The fallout is not related to the demise of Silicon Valley Bank and Signature Bank, but the timing…

A Vietnamese electric vehicle company looking to build a factory in the United States has left dozens of North Carolina residents fearful of losing their homes to eminent domain. It was just under a year ago when Gov. Roy Cooper (D-NC) announced a deal with VinFast to build a factory in the state. The factory…

The murder of two American citizens who crossed the border into Mexico ignited national outrage and led several lawmakers to call for Mexico’s notoriously violent drug cartels to be designated as foreign terrorist organizations. Straight Arrow News contributor Peter Zeihan warns that while the cartels are certainly deserving of firm-handed justice, U.S. military actions are…

In the face of a robust labor market and rising consumer prices, the Federal Reserve is prepared to raise interest rates until it feels it has sufficiently beaten back inflation. Fed Chair Jerome Powell recently testified, “the ultimate level of interest rates is likely to be higher than previously anticipated,” and many economists now believe…

Bank stocks around the world have dipped in the wake of a dramatic sell-off; Senate Minority Leader Mitch McConnell, R-Ky., is recovering from a concussion; American kidnappers were turned in by their own cartel; and a mass shooting in Germany claimed multiple lives. These stories and more highlight your daily rundown for Friday, March 10,…

After shooting down China’s spy balloons in the sky, the government is now setting its sights on TikTok, the popular Chinese app. The White House is backing a new bipartisan bill introduced this week that would allow the federal government to regulate and ban foreign-produced technology deemed a national security risk. “In terms of foreign…