First Republic Bank (FRC) was easily the S&P 500’s biggest loser on the stock market today. Microsoft (MSFT), Paycom Software (PAYC), Intel (INTC) and Illumina (ILMN) fell modestly, but roun...
Category: Finance
Live Finance News Updates.
Gwyneth Paltrow Ski Accident Lawsuit To Hit Peak At Trial
The actress and founder of wellness and lifestyle brand, goop, is facing negligence charges nearly 7 … [+] years after her ski accident. Getty Images Contributing Author: John J. Perlstein Acade...
JPMorgan’s Kolanovic Sees Increasing Chances of ‘Minsky Moment’
(Bloomberg) — Bank failures, market turmoil and ongoing economic uncertainty as central banks battle high inflation have increased the chances of a “Minsky moment,” according to JPMorgan Chase &...
Nikola Stock Hits New Low. The Reason Is Arcane.
Shares of electric and hydrogen fuel cell truck technology company Nikola are taking it on the chin. The reason is arcane. Monday, Nikola (ticker: NKLA) filed a notice with the Securities and Exchange...
First Republic stock shares plunge almost 50% as people move their money despite $30 billion bailout
First Republic Bank remains in crisis mode this week, despite coordinated efforts by large banks to stabilize its finances and the federal government’s guarantee of deposits in two failed banks earlie...
2 Things That Will Have Rivian Stock Acting Like Meta Shares
Stock in electric truck start-up Rivian Automotive is trading terribly, off more than 80% from its IPO price of $78 a share and more than 90% from all time highs. Shares also trade far worse than stoc...
US firm agrees to sell 24 mini nuclear reactors to UK customers
Mini Nukes – Last Energy A US-based developer of small nuclear reactors has signed a deal to sell 24 of its power plants to UK customers, putting pressure on rival makers including Rolls-Royce. ...
Row breaks out between Brussels and the Swiss over Credit Suisse rescue deal
Mandatory Credit: Photo by FRIEDEMANN VOGEL/EPA-EFE/Shutterstock (13828734q) European Central Bank (ECB) President Christine Lagarde addresses a press conference following the meeting of the ECB Gover...
The 11 Days of Turmoil That Brought Down Four Banks And Left a Fifth Teetering
(Bloomberg) — The speed with which four banks collapsed — and one continues to struggle — has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brou...
What Biden’s ESG Bill Veto Means For Your Retirement
As promised, President Joe Biden vetoed an attempt by House and Senate Republicans to strike down the Department of Labor’s (DOL’s) ESG rule Monday. “I just signed this veto because ...
How Can Web3 Blogging Platforms Ensure Full Creative Freedom and Revenue Potential for Writers? – Cryptopolitan
As a blockchain writer, you’re probably familiar with the challenges of publishing content online. Centralizing traditional blogging platforms makes them vulnerable to censorship, hacking, and data br...
JPMorgan CEO Jamie Dimon working to raise more support for First Republic: WSJ
First Republic Bank fell to an all-time low Monday as questions about its balance sheet and financial health sharply knocked down the stock, even as reports surfaced of prospects for fresh capital. JP...
AWS takes a hit in latest round of Amazon layoffs
When Amazon announced it was laying off another 9,000 employees today, AWS employees were not exempt with Amazon CEO (and former AWS CEO) Andy Jassy announcing the cloud division would be included int...
Billionaire investor Leon Cooperman sees a stock picker’s market. Here’s what he’s buying.
“‘We have a self-induced crisis by irresponsible fiscal monetary policy over the last decade.’” — Leon Cooperman, chair of the Omega Family Office That was billionaire hedge-fund manager Leon Cooperma...
Carnival’s stock leaps after analyst urges investors buy ahead of earnings
Shares of Carnival Corp. surged Monday, after Deutsche Bank analyst Chris Woronka made a short-term recommendation to buy, a week before the cruise operator reports fiscal first-quarter results. Carni...
Finance YouTubers who promoted FTX have now been handed a $1billion lawsuit
A handful of YouTubers famed for their personal finance expertise are being chased hard for more than $1 billion by victims who lost their fortunes in Sam Bankman-Fried’s FTX. The finance influe...
Credit Suisse’s $17B Of AT1 Debt Written Down To Zero, Richard Branson’s Virgin Orbit Plans Insolvency, Court Freezes Volkswagen’s Russian Assets: Today’s Top Stories
Reuters Credit Suisse Bondholders Enraged As $17B Of AT1 Debt To Be Written Down To Zero: What It Means Credit Suisse Group AG (NYSE: CS) said 16 billion Swiss francs ($17.24 billion) of its additiona...
Is Silver the Next Gamestop? How Retail Investors Challenged Wall Street Giants Again
In the wake of unprecedented short squeezes involving stocks like GameStop and AMC in early 2021, a group of retail investors from the Reddit forum r/WallStreetBets (and the spinoff called r/WallStree...
Robert Kiyosaki just blasted the US central bank, calls The Fed both the ‘fireman and the arson’ — here are 3 assets he likes for shockproofing
Bank failures continue to make headlines. Some say they are caused by incompetent management, while others point to insufficient regulatory oversight. But according to Rich Dad Poor Dad author Kiyosak...
Fed to either pause or hike rates by 25 basis points: the pros and cons of each
The Federal Reserve will meet on Wednesday and, for once, the outcome is unclear. This is the most uncertain Fed meeting since 2008, said Jim Bianco, president of Bianco Research. Fed officials, start...
Fed’s $8.6 Trillion Balance Sheet a Focus as Banks Seek Cash
(Bloomberg) — For all the focus on whether the Federal Reserve is about to pause its interest-rate hikes, there’s another critical policy decision sure to draw plenty of attention come Wednesday...
Goldman Sachs Says These 2 Automotive LiDAR Stocks Should Be On Your Radar; Sees at Least 90% Upside Potential
While electric vehicles (EVs) are getting the headlines in the automotive industry, there are two other trends that will reward closer investor attention. These are driver assistance and autonomous ve...
Envisioning The Future And Sustaining A Legend At Sumida Farm
What do you do when you are suddenly tasked with taking over the family farm? Sumida Farm, Aiea, Hawaiʻi Sumida Farm Locals know it as the farm with the little grass shack next to Pearlridge. Sumida F...
How to Transfer Tokens in One Go, Saving Time and Reducing Transaction Costs – Cryptopolitan
Ethereum is one of the most critical blockchains in the crypto space, acting as a fundamental component of several existing and emerging projects. At the core of the Ethereum blockchain lies data, whi...
Ukrainian Troops Tap Their Best Firepower To Kill Russians On Bakhmut’s Vulnerable Flanks
A Russian position in Yahidne explodes on or before March 19, 2023. Ukrainian defense ministry capture Fighting rages north and south of Bakhmut as Russian regiments race against time, and their dwind...
Texas School Shooting Leaves One Student Dead — State Has Seen More School Gunfire Incidents Than Any Other
Topline One student was killed and a second injured when a student at a high school outside Dallas opened fire Monday morning, police in Arlington, Texas, confirmed Monday afternoon, in the latest sch...
The Empathy Muscle—It’s A Real Thing
getty In its simplest form, empathy is an awareness or general sense of the emotions of other people. It is the ability to understand what others are feeling and imagine what they may be experiencing....
Is This The Actual Cover-Art For ‘The Winds Of Winter’?
The Winds Of Winter Credit: Ertaç Altınöz I’ve penned many an article and blog post about the long, long wait between books in George R.R. Martin’s fantasy series A Song Of Ice And Fire upon which the...
‘Dramatic’ Rise In Deadly Superbug Fungus Infections In U.S., CDC Report Says
Topline A lethal, hard-to-treat fungal infection is spreading across the U.S. and becoming increasingly resistant to the few drugs available to treat it, CDC researchers warned on Monday, part of a gr...
Built Robotics Unveils Autonomous Pile Driving Robot, Expediting Solar Rollout
Built Robotics has introduced an autonomous pile driving robot that will help build utility-scale solar farms in a faster, safer, more cost-effective way, and make solar viable in even the most remote...
All’Antico Vinaio, Famed Florentine Sandwich Shop, To Open In Las Vegas
La Summer from all’Antico Vinaio All’Antico Vinaio One of Italy’s best sandwich shops is about to meet the West Coast. After expanding to the United States in 2021, all’Antico Vinaio has b...
NCAA Division I School Drops Entire Athletics Program
PROVIDENCE, RI – NOVEMBER 21: Kalif Young (13) Forward for Providence College drives to the basket … [+] during the game between the Providence College Friars and the St. Francis Brooklyn ...