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Vice Media among 7 companies file for bankruptcy in 2 days; Is the US facing a credit crunch?

Seven companies including Vice Media in the US filed for bankruptcy in less than 48 hours over the weekend. Watch this Visual Story to understand if US is facing credit crunch. ....

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Oil slightly higher, gold continues to drift lower

Oil has recovered today after drifting lower. Gold's rally has fizzled despite the respectable inflation report ....

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Oil struggling over bank turmoil, gold eyes CPI

Oil continues to struggle over the turbulence in US regional banks. Gold is above $2000 and is eyeing the CPI release ....

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Warren Buffett compares AI to the creation of Atom Bomb, warns on US slowdown; key takeaways from BH annual meeting

At Berkshire Hathaway annual meeting on Saturday, Warren Buffett compared AI with atom bomb creation. “We did invent for very, very good reason, the atom bomb. And, World War II, it was enormously important that we did so. But is it good for the next 200 years of the world that the ability to do so has been unleashed?” Buffett said. Know what else Warren Buffett talked about in the meeting. ....

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Will PacWest be the next US bank to collapse? From SVB to First Republic, how US banking crisis has unfolded so far

US banking crisis looks far from over. Los Angeles-based bank holding company PacWest Bancorp is reportedly exploring strategic options, including a sale or capital raising, fuelling concerns about a possible collapse. ....

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