Ken Martin
Fox Business
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Past articles by Ken:
Discussions held to protect deposits if more banks fail: report
The Federal Reserve and FDIC have reportedly discussed creating a fund to protect deposits if more banks come under financial distress. → Read More
Crypto firm Circle has $3.3B exposure to Silicon Valley Bank
The cryptocurrency firm Circle says that $3.3 billion of its $40 billion USD Coin reserves are held by Silicon Valley Bank, a lender that was shutdown on Friday. → Read More
Company veteran presided over collapse of Silicon Valley Bank
Greg Becker is a 30-year veteran of Silicon Valley Bank who started as a loan officer and later became president and CEO of SVB Financial Group in 2011. → Read More
New US solar installations a miss in 2022, but production expected to fuel surge
Solar installation fell in 2022, largely due to the limited availability of panels caused by a ban on some Chinese goods. → Read More
Adidas to slash dividend after Kanye West split
Adidas is slashing its dividend as the company deals with fallout from ending its partnership with Kanye West. → Read More
WeWork shares rise as company holds talks to restructure debt
WeWork, the workplace rental company is reportedly in talks with Yardi Systems to restructure debt. → Read More
Buffett's Berkshire stocks up on more Occidental Petroleum shares
Warren Buffett's Berkshire Hathaway now owns 200.2 million shares in Occidental Petroleum following the latest $355 million investment. → Read More
Nordstrom leaving Canada, cutting 2,500 jobs
Nordstrom announced it is shutting down operations in Canada, closing 13 stores and cutting 2,500 jobs. → Read More
Ford applies for patent that allows cars to self-repossess
Ford has reportedly filed for a patent on technology that could lead to cars remotely repossess due to non-payment. → Read More
Caterpillar workers reach contract deal at deadline, averting possible strike
Caterpillar's union workers have reached a tentative agreement on a new contract that covers four company facilities. The deal will likely avert a strike. → Read More
IMF against making crypto legal tender, issues action plan
The International Monetary Fund has made recommendations on how countries should handle crypto assets. → Read More
Bank of America totaled $1.2 billion in penalties, settlements in 2022
Bank of America recorded $1.2 billion in fines, settlements and expenses in 2022, topping the costs paid the previous two years. → Read More
Norfolk Southern becomes third railroad to offer paid sick time
Norfolk Southern became the third railroad on Wednesday to make sick time available to workers, an issue in the last contract negotiations. → Read More
Citigroup sees a 'less hard' landing for global economy
Citigroup raised its forecast for global growth slightly to 2.2% for 2023 and expects the Fed to hike interest rates three times. → Read More
Musk's $55B pay package continues to be scrutinized in court
Attorneys argued on Tuesday that Elon Musk's 2018 pay package worth a potential $55 billion should be invalidated. → Read More
Markets and the Presidents Day holiday
After the market volatility of the past week, traders and investors will pause to recognize the Presidents Day holiday. → Read More
Flight disruptions at JFK to stretch to a third day
Limited operations are expected to resume on Saturday at JFK Airport's Terminal 1 which serves international flights. → Read More
Goldman Sachs expects 3 more Fed rate hikes this year
The latest inflation data has Goldman Sachs expecting three more interest rate hikes from the Federal Reserve of 25 basis points each this year. → Read More
Electrical outage at JFK Airport leaves passengers stranded
An electrical problem caused by a fire at JFK Airport has shut Terminal 1 which affects incoming and outgoing international flights. → Read More
McDonald's' new plant-based menu item: non-chicken McNuggets
McDonald's is adding McPlant Nuggets to its offerings of plant-based items on their fast food menu. → Read More