General

Heavy trading in SVB Financial debt push its 10-year bonds as low as 31 cents on the dollar on Friday after the failure of its subsidiary Silicon Valley… Source

SVB Financial faced a perfect storm, but there are plenty of other banks that would face big losses if they were forced to dump securities to raise cash. Source

U.S. stocks suffered their worst weekly rout of the year as another hotter-than-expected jobs number and the first major American bank failure since 2008… Source

Streaming platform Roku Inc. on Friday said it “does not know” to what extent it would be able to recover the cash it has deposited with the recently-failed… Source

Join Barron’s Live weekdays at noon, for timely and actionable insights tied to the coronavirus crisis. Dial-in to connect with top experts and our editors covering the outbreak, to hear the impact on markets, the economy, companies, real estate, and more. Session topics subject to change pending breaking news.  Barron's senior managing editor Lauren R. Rublin,…

President Joe Biden is expected to propose a 5.2% raise for federal employees in his budget that will be released on Thursday, the Washington Post reported…. Source

Norfolk Southern Corp. said Wednesday it will create a new training facility in Ohio, that trains first responders in the area on how to safely respond to… Source

U.S. stocks closed mixed Wednesday, with the Dow Jones Industrial Average booking back-to-back losses after Federal Reserve Chair Jerome Powell’s second day… Source

Silvergate Capital Corp. shares plunged 30% in after-hours trading Wednesday to a record low, after the company said it intended to wind down operations and… Source

Senate Republican leader Mitch McConnell has been hospitalized after tripping at a local hotel on Wednesday evening, a spokesman for the senator said. Source