SVB’s collapse and the feds response will continue to have ripple effects
Legendary investor Warren Buffett is famous for saying “Only when the tide goes out do you discover who’s been swimming naked.” Today, the “tide going out” is the rapid rise in interest rates that the Federal Reserve has implemented to combat inflation. When combined with leverage, the result is… nudity. The collapse of Silicon Valley Read More →
Vital signs: California unemployment rate rises in January
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St. John’s nursing program receives national recognition
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Amgen lays off another 450 workers
For the second time this year, Amgen is cutting hundreds of jobs in an effort to curtail expenses in the face of an uncertain economy. Amgen, the largest employer in Ventura County, announced on March 16 that it would be laying off 450 workers, which equates to 2% of its current workforce. In a statement Read More →
Region sidesteps brunt of SVB impact
Not so fast. The confidence that was returning to the banking sector eroded a bit on March 15 after Credit Suisse announced it was facing its own financial troubles, but after the Swiss government announced it would be ready to step in “if necessary” those fear abated somewhat. Six days after the collapse of Santa Read More →
Amgen sued for allegedly concealing $10B tax bill from investors
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Portfolio watch
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