Enterprise capitalists urge startups to withdraw funds from disaster-laden Silicon Valley Bank

Important Factors

A lot of VC money are advising companies in their portfolios to shift their money out of Silicon Valley Financial institution to stay away from the possibility of remaining caught up in its prospective failure.
Pear VC, an early-stage VC organization dependent in San Francisco, urged its portfolio network in an e mail to withdraw cash from SVB on Thursday.
Hoxton Ventures, a London-dependent VC agency, is advising founders to withdraw two months’ really worth of “burn,” or enterprise funds they’d use to finance overhead, from SVB.

Supply

Finance

‘The eye of the hurricane’: Why the U.S. job market has soured, economists say

August 1, 2025

Key Points The July 2025 jobs report suggests a sharper slowdown in U.S. job growth than previously thought, economists said. President Donald Trump’s tariff policy is among the economic headwinds contributing to slower job creation and hiring, economists said. Immigration policy and relatively high interest rates are other factors, they said. Job seekers face a […]

Finance

BlackRock’s Rick Rieder says a half-point rate cut by the Fed in September is possible

August 1, 2025

Rick Rieder, BlackRock’s chief investment officer for global fixed income, said July’s dismal jobs report opened the door for a jumbo rate cut from the Federal Reserve next month. “We would argue that the evidence the Fed needed in order to justify a cut in September has arrived in today’s report,” Rieder said in a […]

Finance

Stocks making the biggest moves midday: Apple, Amazon, Monolithic Power, Reddit and more

August 1, 2025

Check out the stocks making the biggest moves midday. Kimberly-Clark — The consumer products giant gained about 4% on stronger-than-expected full-year guidance. Kimberly-Clark expects earnings per share to grow in the low-to-mid single digit percentage rate, while analysts polled by FactSet anticipated a contraction of around 2.6%. Marvell Technology — The chipmaker fell about 6%, […]