On Thursday, bank stocks got hammered, and so did shares of brokerage firm Charles Schwab, which dropped 13%. On Friday the pain continued, with Schwab suffering another 6% decline by midday. Wait, wh...
Category: Finance
Live Finance News Updates.
Schwab Has Worst Drop in Years After SVB, Block Trade
(Bloomberg) — The worst two-day stretch since 2016 for Charles Schwab Corp. looks like a case of bad timing for the buyers behind a large block trade in the brokerage. Most Read from Bloomberg S...
SVB collapse highlights $620 billion hole lurking in banks’ balance sheets
Martin Gruenberg could not have picked a more prescient time to flag risks in the U.S. banking industry. On Monday, the chairman of the Federal Deposit Insurance Corporation (FDIC)—the agency that bac...
Roblox Price Prediction: RBLX Bears Are Gaining The Strength
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Who Saw It Coming? Short Sellers Were Out Front of Bank Upheaval
(Bloomberg) — While this week’s bank-stock drama blindsided most of the market, at least one corner of Wall Street spied trouble ahead. Most Read from Bloomberg Short sellers pushed bearish inte...
1inch Network Price Prediction: Bears Are Pulling 1INCH Down
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Time to Hunker Down as SVB Financial Exposes a Growing Number of Naked Swimmers
Some fears of financial contagion crept into the market on Thursday. SVB Financial Group (SIVB) plunged 60% during the trading day and is down big again Friday. SIVB is the parent of Silicon Valley Ba...
First Republic, PacWest Plunge Amid Wider Bank-Stock Selloff
(Bloomberg) — First Republic Bank and PacWest Bancorp both plunged Friday as the upheaval at SVB Financial Group spread to other lenders. Most Read from Bloomberg Shares of First Republic tumble...
BlockFi has $227 million in uninsured funds in Silicon Valley Bank
Crypto lender BlockFi has $227 million in “unprotected” funds in Silicon Valley Bank, according to a bankruptcy document, and may be in violation of U.S. bankruptcy law. The bank was shut down b...
Google over-hired talent to do ‘fake work’ and stop them working for rivals, claims former PayPal boss, Keith Rabois
The thousands of layoffs in Big Tech are thanks to an over-hiring spree to satisfy the “vanity” of bosses at the likes of Meta and Alphabet, according to a member of the so-called PayPal M...
Stablecoin issuers seek to diversify banking partners in the wake of Silicon Valley Bank’s meltdown
The failure of California-based Silicon Valley Bank today leaves the crypto market with one fewer lending partner, adding further pressure on stablecoin issuer Circle to beef up its portfolio of bank ...
Elon Musk is reportedly building his own town in Texas
Elon Musk has reportedly bought thousands of acres of land about 35 miles outside of Austin and plans to build his own town there for employees to live and work. The Wall Street Journal reports Musk h...
Texas Man Sues 3 Women Over Wife’s Abortion
Topline A Houston-area man has filed a wrongful death lawsuit against three women who allegedly provided abortion pills to his then-wife last year to terminate a pregnancy, according to multiple repor...
New England Patriots Captain Devin McCourty Announces Retirement After 13 NFL Seasons
Selected in the first round of the 2010 NFL draft, Devin McCourty’s New England Patriots career … [+] spanned 205 starts in the regular season. (AP Photo/Eric Christian Smith) Copyright 20...
Coinbase wants to bring millions of users on-chain with launch of Wallet Quest
Yesterday Coinbase Wallet announced the launch of Quest, an educational program aimed at bringing millions of users on-chain. Coinbase Wallet users can now start earning crypto rewards by completing q...
The SandBox Price Prediction: SAND Continues To Fall In A Parallel Channel
1 The Sandbox blockchain is warning their users about the fraudulent emails impersonating the game. 2 Technical indicators of SAND suggest a downside trend in price. It has seen a fall of 7% in the in...
Green Bay Packers President Mark Murphy Hopes The Aaron Rodgers Saga Is Nearing An End
Green Bay Packers president Mark Murphy hopes the end of the Aaron Rodgers saga is nearing an end. Copyright 2020 The Associated Press. All rights reserved Green Bay Packers president Mark Murphy said...
What To Know About Silicon Valley Bank’s Collapse—The Biggest Bank Failure Since 2008
Topline Silicon Valley Bank collapsed in spectacular fashion Friday just days after it announced big losses, failing at attempts to raise funds or seek out a buyer, and creating the biggest bank failu...
Ranch Ice Cream? New Flavor Joins Mac & Cheese, Lobster And Everything Bagel In Ongoing Race For Savory Dessert
Topline Ranch ice cream is the latest in a series of gimmicky ice cream flavors—like pizza, honey jalapeño pickle and lobster—targeting fans of savory flavors, as the global ice cream market looks for...
The Unlikely Love Story That Pioneered The Field Of Volcanology
“Fire of Love” is a documentary that chronicles the life and love of volcanology pioneers Katia and … [+] Maurice Krafft. National Geographic The story of Katia and Maurice defies th...
Tiger Woods’ Ex-Girlfriend Erica Herman’s Lawsuits Against Him And His Trust, Explained
Topline Erica Herman, Tiger Woods’ reported ex-girlfriend, filed a civil suit this week against Woods to cancel a non-disclosure agreement she and Woods signed at the beginning of their relationship, ...
McConnell ‘Eager’ For Return After Concussion
Topline Senate Minority Leader Mitch McConnell (R-Ky.) is “doing well” and “eager” to leave a Washington D.C. area hospital after suffering a concussion at a dinner event earlier this week, an advisor...
St. John’s Fires Mike Anderson After 4 Seasons, Is Rick Pitino Next?
St. John’s head coach Mike Anderson calls out to his team during the first half of an NCAA college … [+] basketball game against Butler in the first round of the Big East conference tourna...
Silicon Valley Bank collapse: How it happened
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images On Wednesday, Silicon V...
SNAP Stock Price Pumps as Lawmakers Slice Snapchat’s Rival TikTok
SNAP stock price elevated by more than 25% after the US lawmakers prepared legislation for banning TikTok in the States. SNAP stock price saw an uplift after TikTok, owned by ByteDance, sparked concer...
Mexico Arrests 5 For Deadly Kidnapping Of 4 Americans
Five people have been arrested in connection with last week’s kidnapping and assault of four Americans that left two dead, a Mexican official announced Friday, a day after members of a Mexican cartel ...
Information Services Group (III) Continues To Hire To Meet Future Demand
Stock dips on softer-than-expected Q1 profit guide, but earnings should receive a boost later in the year as Information Services Group (III) brings new hires up to speed. picture alliance via Getty I...
Carlos Rodon’s Injury Highlights A Concerning Sequence For The New York Yankees
New York Yankees pitcher Carlos Rodon throws to first during a spring training baseball workout … [+] Saturday, Feb. 18, 2023, in Tampa, Fla. (AP Photo/David J. Phillip) Copyright 2023 The Assoc...
Ranch Ice Cream? Kraft’s Latest Joins Mac & Cheese, Lobster And Everything Bagel In Ongoing Race For Savory Dessert
Topline Ranch ice cream is the latest in a series of gimmicky ice cream flavors— like pizza, honey jalapeño pickle and lobster—targeting fans of savory flavors, as the the global ice cream market look...