Economy of the United States

Collapse of Bank Shares around the World after the Bankruptcy of American SVB and Signature Bank

Bank shares around the world collapsed despite assurances from US President Joe Biden that the US financial system is safe, the BBC reported.

The decline in the stock's value comes after Biden vowed to do whatever it takes to protect the banking sector following the collapse of Silicon Valley Bank and Signature Bank.

Michael Cohen to testify Monday in Trump hush-money probe

Donald Trump's former lawyer and fixer Michael Cohen is scheduled to testify Monday before a Manhattan grand jury investigating hush-money payments made on the former president's behalf, two people familiar with the matter told The Associated Press. They were not authorized to speak publicly about grand jury proceedings and did so on condition of anonymity.

Donald Trump to be allowed back on Facebook after 2-year ban

Facebook parent Meta said Wednesday it will restore former President Donald Trump 's personal account in the coming weeks, ending a two-year suspension it imposed in the wake of the Jan. 6 insurrection.

The company said in a blog post it is adding "new guardrails" to ensure there are no "repeat offenders" who violate its rules, even if they are political candidates or world leaders.

Netflix soars to 230 mln subscribers, co-founder steps down

U.S. streaming giant Netflix ended last year with more than 230 million global subscribers, it said on Jan. 19, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers.

"2022 was a tough year, with a bumpy start but a brighter finish," the company said in a letter announcing bumper fourth quarter earnings.

Day 321 of the Invasion of Ukraine: Wagner claims Soledar, Zelensky describes it as Covered with Corpses of the Invaders (UPDATED)

Here are the highlights of events related to the war in Ukraine over the past 24 hours:

The Pentagon ordered "Vampires" for Ukraine. It will deliver 14 anti-drone systems

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