Crypto prices plunge as problems at crypto bank Silvergate worsen, Ford resumes prod✤uction of its F-150 Lighteniꦓng EV, and Costco sales fall short of estimates. Here’s what investors need to know today.

1.💛 Crypto Prices Plunge as Silvergate Clien🌸ts Flee

Prices of major cryptocurrencies are falling sharply amid concerns about the viability of crypto bank Silvergate. The price of Bitcoin is down nearly 5% to $22,354. The price of Ether is down 5% at $1,565. The problems at cryptocurrency bank Silvergate (SI) got worse after the company said it was 澳洲幸运5官方开奖结果体彩网:delaying its latest annual report and said it was under inꦫvestigation by the Justice Department.

2. Ford Restarts Producti🐓on of Its F-150 Lightening EV

Ford Motor said it will restart production of its F-150 Lightning EV on March 13 after it halted production on the electric truck following a battery fire in early February. Fordꦜ has not set a date 🉐for resuming deliveries. 

3. ဣMicrosoft Is Expected to Clear EU Approval for Activision Blizzard D🎶eal

Microsoft is expected to get EU 澳洲幸运5官方开奖结果体彩网:antitrust approval for its $69 billion deal to buy Activision Blizzard with its offer of licensing deals to rivals. The European Commission is scheduled to decide on the de�𝓀�al by April 25, and is not expected to demand that Microsoft sell assets to win approval for the deal.

4. Costco Shares Slide Aftℱer Sales Fall Short of Estimates

Shares of warehouse retailer Costco (COST) fell 2% after reporting its latest sales fell short of analyst estimates though its earnings beat forecasts as consumers pulled back spending on 澳洲幸运5官方开奖结果体彩网:discretionary items amid stubbornly high inflation. Costco's sales for the fiscal second quarter jumped 6.5% to $54.2 billion, coming in below estimates of $55.6 billion. Earnings of $3.30 per share, however, were higher than estimates of $3.21 per share. Costco doesn’t offer future guidance for its earnings. Its shares are up 7% so far this year, but down over 8% for the past year.

5. Commerce Depart🎶ment Targets 28 Chinese Companies With Export Restrictions

The Commerce Department targeted more than two dozen Chinese entities with 澳洲幸运5官方开奖结果体彩网:export restrictions as part of efforts by the Biden administration to deal with what it says is a growing national security threat from China. The Commerce Department says the companies represent a range of potential national security risks, including through dealings with an Iranian electronics firm previously sanctioned by the U.S. for alleged ties to the Iranian military.