When it comes to banks insured by the FDIC, depositors with certain types of accounts in certain amounts are covered “dollar-for-dollar, including principal and any accrued interest through the date o...
Category: Finance
Live Finance News Updates.
Roku and 3 More Stocks Affected by Bank Failures That Wall Street Says to Buy
The biggest bank failure since the global financial crisis has clobbered stocks, but Wall Street analysts see buying opportunities in some of the stocks affected by Silicon Valley Bank’s collapse. The...
Did the Ukrainian Army Kill 1,100 Russians In A Single Day? It’s Certainly Possible.
A Russian officer’s notebook detailing his unit’s losses. Ukrainian defense ministry photo Ukrainian forces recently killed 1,090 Russian troops in a single day, the general staff in Kyiv ...
CPI data ‘not good enough to stop the Fed’ from raising rates next week
The U.S. consumer price inflation data for February released Tuesday hardens expectations for the Federal Reserve to raise its benchmark interest rate by a quarter percentage point next week, even in ...
‘I was once an emotionally unkempt individual’: I’m 27, was raised in poverty, and work in a grocery store. I have $8,000 in debt. Can you help?
Dear Moneyist, I’m a 27-year-old grocery-store employee. I was raised in poverty and in an unstable household, and I was once an emotionally unkempt individual. But with the help of therapy and ADHD ...
Bed Bath & Beyond Salvages Fundraising Deal Despite Slump in Share Price
Bed Bath & Beyond Inc. said on Tuesday it has reached a new agreement with investors that will allow the distressed retailer to get another $100 million in funding, even though its share price has...
Jim Boeheim’s Syracuse Head Basketball Coaching Career Ends After 47 Years
Syracuse head coach Jim Boeheim at JMA Wireless Dome on February 18, 2023. Getty Images There will be no familiar face, the one with the pained squint from behind wire-rimmed glasses, patrolling the s...
Let’s Unlock KeyCorp’s Plunge to See If It Opens the Door to Opportunity
Bank holding company KeyCorp (KEY) seemed to be in the eye of the recent turmoil in the banking sector as the share price of the regional bank name has quickly cut in half in a few weeks. Let’s ...
‘It’s a big failure for us.’ Sweden’s largest pension fund invested in both Silicon Valley Bank and Signature Bank before they failed
Sweden’s largest pension fund, Alecta, is under fire this week for investments it made into now-defunct U.S. regional banks. After the collapse of the tech-startup-focused Silicon Valley Bank (SVB) on...
Shark Tank’s Kevin O’Leary blasts SVB’s ‘idiot management’ and ‘negligent directors’ over collapse
Shark Tank‘s Kevin O’Leary has made a career of calling out businesses on their weaknesses, and now bosses at the collapsed Silicon Valley Bank have, unsurprisingly, caught the self-procla...
Fed Rate Pause Is a Tough Call After Inflation Reaccelerates
(Bloomberg) — An acceleration in monthly core consumer prices seems likely to reinforce the Federal Reserve’ determination to raise interest rates to fight inflation, though the decision on next...
‘I’m not seeing true danger here’: Michael Burry says U.S. banking crisis to be resolved ‘very quickly’
Investor Michael Burry said in a tweet late Monday that he expects the crisis surrounding the collapse of California’s Silicon Valley Bank to be resolved “very quickly” one day after comparing SVB’s c...
Silicon Valley Bank committed ‘one of the most elementary errors in banking,’ Larry Summers says
Silicon Valley Bank, the nation’s 16th-largest bank, failed because its managers made a textbook mistake, according to former Treasury Secretary Larry Summers. Summers, a Harvard University prof...
Charles Schwab’s fortune battered by SVB collapse, with his wealth plunging more than any other American billionaire’s in 2023
Billionaire brokerage founder Charles Schwab has seen his personal fortune plummet in the aftermath of Silicon Valley Bank’s collapse over the weekend. According to the Bloomberg Billionaires Index, w...
Biggest USDC burn on record just occurred, net redemptions since Friday reach $4.5 billion
Circle’s stablecoin continues to struggle to win back confidence, and the biggest redemption on record just occurred as $723.5 million was sent to a null address and burnt, according to data via...
The NCAA Can Use March Madness To Create Gender Equality In Sports
March Madness is upon us and while the college basketball tournament for men receives extensive media coverage and is a highly promoted multi-billion-dollar enterprise, the women’s tournament is often...
LaVine Scoring Explosion Could Be Key To Big Summer Trade
DENVER, CO – MARCH 8: Zach LaVine #8 of the Chicago Bulls jumps and slams the ball for two points … [+] in the second half of a game against the Denver Nuggets at Ball Arena on March 8, 20...
GOEV Stock Price Rises 1.15% Amid Tough Market Conditions
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Allen Lazard’s Signing With The New York Jets Could Mean Aaron Rodgers Is Close Behind
Former Green Bay Packers wideout Allen Lazard reportedly agreed to a four-year, $44 million deal … [+] with the New York Jets Tuesday. Getty Images If Green Bay Packers quarterback Aaron Rodgers...
Hard-Right Republicans—DeSantis, Greene—Blame SBV Failure On ‘Woke’ Policies But Without Clear Evidence
Topline Some hard-right Republicans blamed the downfall of Silicon Valley Bank and Signature Bank on what they called “woke” social and environmental policies, a dubious and unproven theory pushed as ...
Warren Drafts Bill To Reverse Trump-Era Bank Deregulations After SVB Collapse, Report Says
Topline Democratic lawmakers, including Sen. Elizabeth Warren (Mass.) and Rep. Katie Porter (Calif.), unveiled legislation Tuesday to repeal a set of Trump-era policies that loosened regulations on sm...
Apple TV+ Announces New Comedy Series Starring Matthew McConaughey And Woody Harrelson
AUSTIN, TX (R to L) Matthew McConaughey and Woody Harrelson at the after party for the world … [+] premiere of Anchor Bay’s Surfer, Dude which benefitted the Austin Film Society at the Par...
Plug Power stock Price Prediction: Make or Break Moment For PLUG
Plug Power stock price has been on a roller-coaster ride under an interesting declining pattern. Plug Power share price decreased 0.16% during Tuesday’s trading session with an opening price of $12.35...
Bank Stocks Rally On Tuesday As Investors Ask
(Photo by Spencer Platt/Getty Images) Getty Images Key Takeaways Banks investors have been on a wild ride, as the collapse of Silicon Valley Bank and Signature Bank caused a widespread selloff on Mond...
Florida GOP Proposal Would Ban Pride Flag—But Let Confederate Flag Fly At State Buildings
Topline A Republican lawmaker in Florida filed legislation Tuesday exempting the Confederate flag from a broad proposal to ban most flags from being flown outside government buildings in the state—inc...
Ohio Sues Norfolk Southern For “Entirely Avoidable” East Palestine Train Derailment
Topline The state of Ohio is suing Norfolk Southern Railway over a derailment last month that caused a toxic chemical spill in East Palestine, Ohio, the state attorney general announced Tuesday, promi...
Here’s Where To Play Free Brackets—And Why There Likely Won’t Be A Perfect One
Topline Millions of Americans are expected to attempt to beat the odds and win a perfect bracket when the NCAA March Madness college basketball tournament begins this week, and though multiple free ch...
Apocalyptic Headlines About a Looming ‘Retirement Crisis’ Are the Surest Sign That There Isn’t One
Quick question: how many of you readers were “demanding” the internet in 1995? Or a GPS function on your mobile phone in 2005? The speculation here is that in 1995 no one reading this write-up had any...
Icahn says economy breaking due to inflation, poor corporate guidance
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Famed investor Carl Icahn believes the U.S. economy is in trouble becaus...