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The Latest Breaking News from CNBC

Silicon Valley Bank’s parent is reportedly struggling to pull off a fire sale after its stock blew up and it failed to raise capital

“It doesn’t smell good right now, and there’s a lot of panic,” a venture investor who spoke with dozens of SVB clients told Fortune Thursday.

Fortune

Tesla Bear Charlie Munger Talks Tesla Vs BYD In China

While the Chinese market remains an important one for Tesla bulls, some bears are betting on BYD as the future leader of the country’s auto sector.

InsideEVs

WWE 'hold talks to legalise betting' on matches despite results being scripted

Betting on WWE matches is currently forbidden due to the outcomes of matches being scripted by the company's creative team, but that reportedly could all be about to change

Daily Mirror

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WWE in talks to legalize betting on scripted match results: Report

According to a CNBC report on Wednesday, talks are on between the World Wrestling Entertainment and the gambling regulators in Colorado and Michigan in order to legalize betting on scripted matches in the world famous WWE.

The Times of India

Congress rejects ESG in retirement plans

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Google boss Sundar Pichai says staff are bemoaning office ghost towns—‘not a nice experience’

The search engine giant is facing what is likely its greatest competitive threat since it was founded in 1998, forcing Pichai to make tough choices on costs.

Fortune

CBO director to brief House members ahead of budget release

WASHINGTON — Congressional Budget Office Director Phillip L. Swagel will brief House members Wednesday on the agency’s budget and economic outlook as lawmakers consider whether to adjust spending levels in conjunction with lifting the debt limit.

Tribune News Service

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CBO director to brief House members ahead of budget release - Roll Call

Congressional Budget Office Director Phillip L. Swagel will brief House members Wednesday on the agency’s budget and economic outlook.

Roll Call

Tesla Investor Day Impressed Former Ford CEO Mark Fields

Tesla spent hours reiterating its successes and vague future plans. Many folks were unimpressed, but Fields thinks Tesla did a solid job proving its lead.

InsideEVs

Google’s head of ChatGPT rival Bard reassures employees it’s ‘a collaborative A.I. service’ and ‘not search’

Employees peppered Google execs with uncomfortable questions about search and A.I. chatbots at an all-hands meeting on Thursday.

Fortune

AOC boasts she was right after Amazon ceases building HQ2 in Washington DC

‘Amazon wanted $3.5bn in benefits from NY to build this thing they’ve stopped building. @AOC was right’

The Independent UK

Woman lives completely rent free in 'luxury tiny home' she built in huge back garden

Precious Price, 26, decided to rent out her entire three-bedroom home during the Covid pandemic and built herself a new place to stay in the garden.

Daily Record

Woman, 26, lives completely rent free after building 'luxury tiny home' in back garden

After her income dried up in 2020, Precious Price came up with the revolutionary idea of building a 'luxury' 296-square-foot tiny home in her back garden - where she now resides rent free

Daily Mirror

Ex-NFL LB Blake Martinez is making so much money off selling rare Pokémon cards after retirement

Blake Martinez is trying to "catch 'em all" with his business.

USA Today Sports Media Group

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The Independent UK

Former NFL player makes $5m selling Pokemon cards

Blake Martinez played for the Green Bay Packers, New York Giants and Las Vegas Raiders during a seven-year career

Sports Illustrated

Ex-NFL LB Blake Martinez Has Made Millions Selling Pokémon Cards

The ex-Packers player is trading in a new lucrative venture.

USA Today Sports Media Group

Former NFL LB Blake Martinez making millions selling Pokemon cards

Blake Martinez is raking in big bucks after retiring from the NFL

Tribune News Service

Ohio town reels from Norfolk Southern derailment disaster

EAST PALESTINE, Ohio — On the night three weeks ago that a Norfolk Southern train derailed here, flames erupted from the wreckage and released toxic smoke. Brian Crossmon said his eyes burned and his girlfriend’s 9-year-old son vomited as they were forced to flee their home.

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Fortune

Jamie Dimon says the Fed has ‘lost a little bit of control’ on inflation and the economy is facing some ‘scary stuff’

The Fed’s path to bringing down inflation is still far from guaranteed.

Axios

Norfolk Southern blames misinformation for its derailed response

As the spotlight on Norfolk Southern intensified, the company failed to adequately address the tough questions required to regain control of the narrative and reestablish trust.

Fortune

Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some on a California retreat

Several Wells Fargo mortgage bankers were at a retreat at Palm Desert just a few weeks ago. Now, many of them have lost their jobs.

Fortune

Google is asking staff to share with a 'desk partner' but they have to agree on tidiness and decorations

The Big Tech company also wants to create "neighborhoods" of 200 to 300 employees to ensure a smooth transition to the new working environment.

Fortune

We're in danger of falling into 1970s-style inflation without aggressive interest rate hikes, according to a top Fed official

“If inflation doesn’t start to come down, you risk this replay of the 1970s... Let’s be sharp now, let’s get inflation under control,” St. Louis Fed President James Bullard told CNBC Wednesday.

Fortune

Everyone will have a personal ChatGPT-style assistant in the future, says world wide web inventor Tim Berners-Lee

He said the applications of the A.I. as an assistant "could be sweet."

Fortune

Warren Buffett’s long-time partner Charlie Munger says he’s ‘not proud of my country’ for allowing crypto to thrive, calling it ‘very dangerous’

Munger has previously criticized cryptocurrencies, which have plunged in value over the past year.

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