Candida auris is a yeast responsible for many infections. Resistant to most anti-fungal drugs, this fungus causes several deaths worldwide. BSIP | Universal Images Group | Getty Images A fungus that is often resistant to drugs has spread at an “alarming rate” through health-care facilities in the U.S., according to the Centers for Disease Control … Read more
A credit crunch is a significant tightening of lending standards among banks. Loans are harder to get and become more costly. The banking crisis triggered by the failures of Silicon Valley Bank and Signature Bank will likely lead small and midsize institutions to prioritize having a healthy balance sheet. The prospect of recession led banks … Read more
The federal government helped Silicon Valley Bank and Signature Bank customers recover their funds this week, even if their deposits were uninsured. If other institutions fail in the future, customers may have to rely on FDIC insurance, Treasury Secretary Janet Yellen said this week. Importantly, FDIC insurance has limits. Here’s how to make sure your … Read more
Bitcoin is up 50% this year despite the collapse of major crypto-focused banks, beating major stock indexes and commodities. On Jan. 1, bitcoin began trading at just over $16,500. On Wednesday, it was hovering around the $25,000 mark, thanks to a rally that began on Sunday. The recent rise has come as somewhat of a … Read more