What Caused the Collapse of Silicon Valley Bank?

Fico Threatens To Cut Ukraine's Emergency Power As Russian Oil Transit Fight Escalates Slovakia's populist Prime Minister and pro-Trump ally Robert Fico has drawn an unexpectedly hard line in his country's ongoing energy showdown with Ukraine: restore Russian oil flows, or else a key emergency electricity lifeline for Ukraine gets pulled. In a weekend post on X, Fico warned that unless Ukraine resumes pumping Russian crude to Slovakia by Monday, Bratislava will cut off its emergency power exports. This is an immense threat given current frigid subzero temperatures in war-ravaged Ukraine. "If...

Music streaming giant Spotify will lay off about 6% of its workforce, Daniel Ek, the billionaire CEO of the Stockholm-based company announced Monday, becoming the latest company to dramatically reduce headcount as fears of a looming recession continue into the new year.