US Business

Up to one in five jobs in America is dependent on the tech industry; ‘You never let an opportunity for a good, thoughtful resizing be lost’

Silicon Valley Bank’s strength, its close ties to the tech industry, also contributed to its failure.

A group of tech executives and lawmakers plans to meet for a private dinner ahead of TikTok’s testimony before Congress.

The bankruptcy filing is the largest stemming from a bank failure since Washington Mutual in 2008. Silicon Valley Bank, now under the control of the Federal Deposit Insurance Corp., isn’t part of the chapter 11 filing.

Trader Joe’s offers customers remarkably fewer options than other major supermarkets and it’s consistently ranked highest for customer satisfaction. WSJ’s Jaewon Kang breaks down why its small selection of private label brands and trendy products keep shoppers coming back.

Shares rose as the delivery company lifted its profit outlook amid ongoing cost cuts.

Shou Zi Chew said divesting TikTok from its Chinese owners doesn’t offer any more protection than a plan the app has proposed.

French drugmaker Sanofi said it would cut the price of some of its insulin products by as much as 78% in the U.S., joining other big diabetes drugmakers facing pressure over high costs.

A fight erupted between the accounting firm’s U.S. and overseas leaders over the division of its lucrative tax business.

SVB helped many in the venture-capital world to survive and prosper, and then the market cooled.