First Citizens Bancshares Inc., FCNCB 1.85%increase; green up pointing triangle one of the nation’s largest regional banks, is buying large pieces of Silicon Valley Bank more than two weeks after the lender’s collapse sent tremors through the banking system. The Federal Deposit Insurance Corp. said First Citizens is acquiring all of Silicon Valley Bank’s deposits, loans and branches, which will open Monday morning under the new ownership

At the heart of any MICE gathering lies one essential constant, the delegate experience, and for 2023 the human connection is at the forefront of that journey. Singapore’s innovative approach to technology continues to enhance that most essential element of every in-person gathering: conversation and connections. “Singapore is a partner that’s brave enough to push the envelope of imagination and to harness technology innovation,” Ong says. “But the goal is a simple one: to help our clients in their conversations, now and in the future.”

An overwhelming share of Americans aren’t confident their children’s lives will be better than their own, according to a new Wall Street Journal-NORC Poll that shows growing skepticism about the value of a college degree and record-low levels of overall happiness. The survey with NORC at the University of Chicago, a nonpartisan research organization that measures social attitudes, showed pervasive economic pessimism underpins Americans’ dim hopes for the future. Four in five respondents described the state of the economy as not so good or poor, and nearly half said they expect it will get worse in the next year.

LONDON—The Bank of England raised its key interest rate by a quarter percentage point Thursday, a fresh sign that policy makers around the world are determined to press down on inflation despite strains in the banking system. The central bank had previously indicated that it might pause a series of rate increases that dates back to December 2021, but an unexpected pickup in inflation during February helped persuade policy makers that another increase in borrowing costs was needed to cool price rises

Uber Eats is taking thousands of online-only brands off its app this week out of concern that the platform is getting clogged by restaurants listing multiple delivery options with different names but the same menu. So-called virtual brands—delivery businesses without physical storefronts—mushroomed on delivery apps during the pandemic, becoming a lifeline for eateries who used their empty kitchens and idle staff to test new ideas and make up for lost sales.

Large U.S. steelmakers are ramping up production of a hard-to-make, paper-thin steel to capture a fast-growing market for a material critical to powering electric vehicles. Cleveland-Cliffs Inc. CLF 0.89%increase; green up pointing triangle and U.S. Steel Corp. X 0.62%increase; green up pointing triangle are jockeying with a small group of foreign-based steelmakers that produce electrical steel, used to convert electricity into mechanical power for motors in products that include washing machines, air conditioners, power tools and more recently, electric vehicles.

Working remotely is becoming increasingly rare a few years after the pandemic caused millions of Americans to decamp from worksites to their basements and bedrooms. Some 72.5% of business establishments said their employees teleworked rarely or not at all last year, according to a Labor Department report released this week. That figure climbed from 60.1% in 2021. The survey showed about 21 million more workers on-site full time in 2022, compared with the prior year. An establishment is defined as each business location—such as an individual restaurant in a chain.

First Citizens Bancshares Inc., FCNCB 1.85%increase; green up pointing triangle one of the nation’s largest regional banks, is buying large pieces of Silicon Valley Bank more than two weeks after the lender’s collapse sent tremors through the banking system. The Federal Deposit Insurance Corp. said First Citizens is acquiring all of Silicon Valley Bank’s deposits, loans and branches, which will open Monday morning under the new ownership. 

S&P Global releases its S&P CoreLogic Case-Shiller National Home Price Index for January. Home prices rose 5.8% in the year ended in December, down from a 7.6% annual rate the prior month, the lowest December-to-December change since 2019. The National Association of Realtors last week separately said the median sale price of previously owned homes fell year-over-year in February for the first time in over a decade. The Conference Board publishes its March consumer-confidence index, which measures Americans’ attitudes toward the economy and labor market. Consumer confidence worsened in February for the second month in a row.

Global economic growth rebounded modestly this month, although stubbornly high inflation and banking stresses weigh on the outlook. Business surveys published Friday recorded pickups in activity across the U.S. and Europe driven by services providers. Japan saw a similar acceleration aided by the arrival of tourists from China after the lifting of Covid-19 restrictions.

The first one ☝️ was my best guess as I had a 

I'm so happy 😁 I'm not a huge drinker and don't know much but I've always liked drinking 

The $53 billion Chips Act seeks to end the U.S.’s reliance on foreign-made semiconductors, especially those used by the Pentagon. It’s the latest example of the federal government using its cash to remake an industry it sees as crucial to national security