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The Latest Breaking News from the Wall Street Journal

JPMorgan CEO Jamie Dimon reportedly leading discussions on First Republic rescue

JPMorgan's 2008 rescues ended up costing the bank $19 billion.

Fortune

Matthew Yglesias: Want better government? Pay bureaucrats more

The National Institutes of Health have been without a permanent director since the end of 2021. But not for lack of trying: At least two good prospects “have walked away,” according to the Wall Street Journal — not only out of concern that the role has become more politically contentious…

Tribune News Service

Customers scramble to withdraw money from First Republic as stock drops almost 50%

Efforts to reassure the public that First Republic is safe have so far been unsuccessful as bank's shares plunge.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Credit Suisse is the car crash in its own Bonfire of the Vanities

The name's Bond – unhedged Treasury bond. Jonathan Milne argues that bond traders have again become sexy, for all the wrong reasons.

Newsroom.co.nz

Large Libel Models: ChatGPT-3.5 Erroneously Reporting Supposed Felony Pleas, Complete with Made-Up Media Quotes?

[UPDATE: This article originally said this what ChatGPT-4 doing this, which was my error. But, as I note below in an UPDATE, ChatGPT-4 also erroneously reports supposed criminal convictions and sentences, complete with made-up quotes.]

Reason

Why TikTok's Security Risks Keep Raising Fears

TikTok is once again fending off claims that its Chinese parent company, ByteDance, would share user data from its popular video-sharing app with the Chinese government, or push propaganda and misinformation on its behalf. China’s Foreign Ministry on Wednesday accused the United States itself of spreading disinformation about TikTok's potential…

Asharq Al-Awsat

New CEO of failed Silicon Valley Bank was once fired from his Charlotte banking job

The new CEO of failed Silicon Valley Bank is a familiar name to many in Charlotte’s banking community — Tim Mayopoulos was fired as general counsel of Bank of America in 2008 in the midst of the financial crisis and escorted out of the office by an HR representative.

Tribune News Service

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US could ban TikTok if Chinese owners don’t sell stake

A move to ban TikTok in the US is the latest step by legislators who have raised fears that TikTok's US user data could be passed on to China's government.

The New Daily

Watch out for hungry bears! Why Elon Musk’s new town could run into trouble

The world’s richest man is building a libertarian utopia in Texas. But when there are no rules or regulations, there can be unexpected problems, writes Arwa Mahdawi

The Guardian - UK

Rivian In Talks With Amazon To Get Rid Of Van Exclusivity Clause

The talks have been reportedly initiated after Amazon's electric van order for 2023 came in at the low end of a range that was previously provided to Rivian.

InsideEVs

Everyone Is Learning the Wrong Lessons From the Silicon Valley Bank Collapse

Plus: Fox News troubles, junk statistics about illicit economies, and more...

Reason

Regulators shut down SBV after bank run

How can a bank run happen in 2023? Why didn’t anyone step in to save SVB? And who is at risk now?

Fortune

WHO's Tedros: Finding COVID-19's Origins is a Moral Imperative

Discovering the origins of COVID-19 is a moral imperative and all hypotheses must be explored, the head of the World Health Organization said, in his strongest comments yet that the UN body remains committed to finding how the virus arose. A US agency was reported by the Wall Street Journal…

Asharq Al-Awsat

Report: Meta Plans New Job Cuts

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four months…

Asharq Al-Awsat

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Tedros Adhanom Ghebreyesus

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