#US economy blows past expectations: Three quick takeaways

Admin3 years ago04 mins

Gross domestic production (GDP) came in hot in the second quarter, growing at a 2.4 percent rate that marked the fourth straight quarter of positive growth and underlining the resilience of the U.S. economy. Economists polled by Bloomberg had been expecting GDP growth of around 1.8 percent, meaning the 2.4 percent growth was a…

#Here’s who is paying to restore Silicon Valley, Signature Bank deposits

Admin3 years ago08 mins

Here’s who is paying to restore Silicon Valley, Signature Bank deposits The federal government mobilized immediately in response to the collapse of Silicon Valley Bank (SVB) and Signature Bank, working over the weekend to insure depositors who had more than $200 billion of venture capital and high-tech start-up money stored in the two banks. But…