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

1. Crypto Prices Plungꩵe as 🦄Silvergate Clients 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开奖号码历史查询:delaying its latest annual report and said it was under investigation by the🍎 Justic✱e Department.

2. Ford🍎 Restarts Production 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. Ford has not set a da🐼te for resuming deliveries. 

3. Microsoft Is Expected to 🎶Clear EU Appr🅰oval for Activision Blizzard Deal

Microsoft is expected to get EU 澳洲幸运5开奖号码历史查询:antitrust approval for its $69 billion deal to buy Activision Blizzard with its offer of licensing deals to rivals. The European Commission i♒s scheduled to decide on the deal by April 25, and is not expected to demand that Microsoft sell assets to win approval for the deal.

4. Costco Shares Sl💛ide After Sales Fallꦡ 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开奖号码历史查询: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 Department Targets 28 Chinese Companies With Eജxport Restrictio👍ns

The Commerce Department targeted more than two dozen Chinese entities with 澳洲幸运5开奖号码历史查询: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.