The European Central Bank (ECB) meeting is due in two days, and the Governing Council faces a daunting task. Events in the US banking system, where two regional banks collapsed, will affect the ECB’s ...
Category: Finance
Live Finance News Updates.
First Republic shares jump as regional banks try to rebound from Monday’s selloff
A First Republic Bank branch in New York, US, on Friday, March 10, 2023. Jeenah Moon | Bloomberg | Getty Images Shares of First Republic were up sharply in early Tuesday trading as concern over the st...
Interview: Web3 is crumbling, but what is it like to be leading a company in this market?
I have written plenty about my doubts surrounding the value within web3 and the metaverse, and the hype around the space. While some disagree with this, there is no doubt that the last year or so has...
What next after SVB collapse? 30% chance of interest rate cuts by the summer
That escalated quickly. Silicon Valley Bank (Nasdaq: SIVB) is no more, the biggest banking casualty since Lehman Brothers shocked the world in 2008. In came the US administration, pulling out emergen...
Is it safe to buy the dip in regional banks now?
The SPDR S&P Regional Banking ETF (KRE) stock has been a toxic wasteland in the past few days. It has crashed by more than 22% in the past five days and is now sitting at the lowest level since No...
Biden Says Jimmy Carter Asked Him To Give His Eulogy After He Dies
Topline Former President Jimmy Carter has asked President Joe Biden to deliver his eulogy after he dies, Biden revealed on Monday, speaking about his predecessor’s health at a fundraising event as Car...
Pittsburgh Steelers Recover Quickly In Corner Market With Patrick Peterson
Minnesota Vikings cornerback Patrick Peterson runs onto the field before an NFL wild card playoff … [+] football game against the New York Giants, Sunday, Jan. 15, 2023, in Minneapolis. (AP Phot...
Biden Announces New Gun Control Measures—Here’s What His Executive Order Will Do
Topline President Joe Biden will sign an expansive executive order on gun control Tuesday, taking steps to expand background checks and gun safety measures as the U.S. continues to face mass shootings...
Wall Street sets Tesla (TSLA) stock price for the next 12 months
Wolfe Research analyst Rod Lache cited bank failures as a rationale for lowering his rating of Tesla (NASDAQ: TSLA) shares from Outperform to Peer Perform while keeping his price target at $185 on Mar...
UBER Stock Rises; LYFT Stock Lays as Gigs Win Case in Calif Court
Uber stock rises as the California court ruling favors ride-sharing apps. Lyft stock continues to fall and loses 2.87% intraday. The California court overturned a previous ruling, allowing Prop.22 to ...
Why More Trouble Is Coming Following SVB And Signature Bank Collapse
The sudden, sensational collapse of Silicon Valley Bank and then another big bank’s failing over the weekend have hit financial markets like an earthquake. These institutions made their particular mis...
ZED RUN introduces a charged stamina for every racehorse
In a move that ZED RUN really needed to make, the team behind the platform has announced the launch of Improve Stamina. This will give every racehorse in the virtual ecosystem a fully charged stamina ...
Energy Crisis Raises Doubts About Energy Transition Strategies
That was then. Climate and environmental activists demonstrate in front of the Reichstag in Berlin … [+] in 2020 demanding Germany transition to more renewable energy. (Photo by John MACDOUGALL ...
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Will Orbeon Protocol outperform Binance & Uniswap?
The crypto market has followed a downward trend going into March. Many cryptocurrencies are facing a second price correction following the highs of February, with Uniswap being down by 4.41% in the pa...
Ark Invest adds $6.4 million worth of Block shares across three separate funds
Cathie Wood’s Ark Invest added 92,165 Block shares to three funds on Monday. The purchases were estimated at around $6.4 million. Ark Invest added 77,991 Block shares to its Ark Innovatio...
Rolls-Royce share price: A potential catalyst emerges
Rolls-Royce (LON: RR) share price jumped by more than 1% on Wednesday as the market reflected on the strong demand for airplanes that could positively impact its civil aviation business. The stock ros...
Protocols report exposure to the $197 million Euler Finance hack
Some malicious players hacked Euler Finance to steal $197 million funds in total. The hack was carried out in four different transactions for $177 million, with two more attacks that added to the conc...
Should you buy or sell the dollar after the first collapse of a US bank in 15 years?
Turbulence once again grips financial markets ahead of the US inflation report and the Fed’s interest rate decision. News that the Federal Deposit Insurance Corporation (FDIC) moved to close Silicon V...
Sam Altman’s Worldcoin unveils World ID protocol and SDK
Worldcoin, the project intent on scanning people’s eyeballs to prove they are indeed people, unveiled its World ID protocol and software development kit today. Both Worldcoin and its lead softwa...
Euler Finance faces $197 million hack
BlockSec first broke the news that Euler Finance had been hacked by malicious players. The hacking attempt was reportedly successful since the players were able to take a total of $197 million from th...
Credit Suisse finds ‘material weaknesses’ in financial reporting, says outflows ‘not yet reversed’
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse on Tuesday said its net asset outflows had declined but “not y...
Credit Suisse Finds ‘Material Weakness’ in Reporting Since 2021
(Bloomberg) — Credit Suisse Group AG said it is adopting a new plan to fix “material weaknesses” in its reporting and control procedures for the past two years, following a fresh review of its f...
ILMN Stock Rockets As Carl Icahn Reportedly Steps In Over Grail
Carl Icahn is setting up a fight for control at Illumina (ILMN) after what the activist investor called an “ill-advised and frankly inexplicable” acquisition of Grail. In response, ILMN st...
East West Bancorp says ‘liquidity is strong,’ but stock suffering biggest selloff since the financial crisis
Shares of East West Bancorp Inc. EWBC plummeted 23.2% in morning trading Monday, toward their second-biggest one-day selloff, in the wake of recent bank failures, prompting the Pasadena, Calif.-based ...
Membrane Finance, Polygon Labs & deltaDAO brings EUROe to Gaia-X
Membrane Finance, Polygon Labs, and deltaDAO recently announced a strategic partnership. The parties are bringing the world’s first euro-regulated stablecoin, EUROe, to Gaia-X. After the integration i...
Meet The Marine Biologist-Turned-Entrepreneur Restoring Coral Reefs Using 3D Printing And Clay
Vriko Yu launched a startup on the back of her Ph.D. studies in biological sciences. Now she’s the CEO of Archireef, a climate tech venture that’s working to restore fragile marine ecosystems by using...
Singapore Has A New Backer For Travel And Retail Startups In Asia
Gharage is in search of some winning investment opportunities in Asia. getty The business incubator and venture builder, Gharage, has landed in Singapore in pursuit of early-stage travel and retail st...
Beatport, Polkadot & Aventus collab to launch Beatport.io
Beatport, which happens to be an absolute world leader in electronic music for the benefit of Producers, DJs, and the corresponding fans, will soon be launching Beatport.io. This is a collectible digi...
USD vs Rupee forecast ahead of US inflation data
The USD/INR price continued rising on Tuesday as the US dollar index (DXY) staged a comeback ahead of the upcoming US consumer inflation (CPI) data. It jumped to a high of 82.42, the highest level sin...