Silicon Valley Bank will not get a government bailout, Treasury Secretary Janet Yellen said on the news program Face the Nation Sunday. The tech industry-driven bank was shut down by regulators ...
Category: Finance
Live Finance News Updates.
What’s next for stocks after SVB collapse and as crucial inflation reading looms
Investors are preparing for the release of a U.S. consumer-price index that may show no meaningful letup in inflation, leaving few safe places to hide just as systemic risks may be growing. Coming jus...
Moonbirds whale sells almost 500 NFTs on Blur for significant losses
Over the past 24 hours, one Ethereum address liquidated almost 500 Moonbirds NFTs for significant losses. Selling in batches, the address realized losses between 9% and 33% — with 200 Moonbirds ...
Can the chaos from Silicon Valley Bank’s fall be contained?
NEW YORK (AP) — Can Washington come to the rescue of the depositors of failed Silicon Valley Bank? Is it even politically possible? That was one of the growing questions in Washington Sunday as policy...
Exxon Mobil vs. Chevron: Comparing 2 Oil Giant, Dividend Aristocrats
Most oil and gas producers, including Exxon Mobil (XOM) and Chevron (CVX) , posted record profits last year thanks to the rally in prices of oil and gas, which largely reflected the sanctions of weste...
Fed Flies Blind on Monetary Policy With Rising Risk of a 6% Rate
(Bloomberg) — The Federal Reserve is flying blind as it tries to bring down inflation without breaking the financial system or crashing the US into a recession. Most Read from Bloomberg Ahead of...
As Silicon Valley Bank concerns grow, Yellen says she has been ‘working all weekend with our banking regulators to design appropriate policies’ to address depositors
“‘I’ve been working all weekend with our banking regulators to design appropriate policies to address the situation.’” — Treasury Secretary Janet Yellen That is Treasury Secretary Janet Yellen, speaki...
Bearish Bets: 3 Well-Known Stocks You Should Think About Shorting This Week
Each week we identify names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, rece...
IRS tax audits ‘target and burden lower-income families,’ say tax experts
The underfunded Internal Revenue Service has been relying on ancient technology to generate paper audits that target tax benefits, such as the Earned Income Tax Credit, for lower-income households. Th...
Is My Money Safe in the Bank During a Depression?
SmartAsset: Is My Money Safe in the Bank During a Depression? It’s rare for consumer money to actually be at risk with a depositor bank. In addition to the fact that the FDIC is usually successful whe...
Markets at Risk of More Upheaval as Banking Uncertainty Persists
(Bloomberg) — Traders are steeling themselves for the risk of more turbulence after the biggest US bank collapse since the 2008 financial crisis sent shockwaves through markets. Most Read from B...
The 5 most pressing questions answered about Silicon Valley Bank’s collapse
Measured by sheer speed and violence, the stunning crash of Silicon Valley Bank has left even those who’ve lived through decades of ups and downs in the market floored. On Wednesday, SVB was a 4...
No major bailout for Silicon Valley Bank collapse – Cryptopolitan
The collapse of Silicon Valley Bank has caused significant concern among its depositors, many of whom are small businesses that rely on access to their funds to pay bills and employ tens of thousands ...
Here’s what could happen next for Silicon Valley Bank customers
A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Silicon Valley Bank’s customers, alon...
Are Membership Clubs A Hit In Post-Covid Travel Boom? One Brand Sees Huge Potential
Gareth Banner, group managing director for The Ned brand The Ned Hospitality is taking its next step following the pandemic years, but it may not be open for everyone. Beyond the traditional hotel, pr...
‘Scream IV’ Sets Franchise Record With $44.5 Million U.S. Debut
Topline Scream VI, the latest installation of the long-running horror movie franchise, grossed an estimated $44.5 million domestically in its opening weekend, Paramount said Sunday, setting a record f...
How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s Demise
I sure hope that anti-regulation politicians and SVB executives will step in and help all who will … [+] lose their jobs due to SVB’s gross mismanagement. AFP via Getty Images Anyone who d...
Why Climatologists Know La Niña Is Over
LOS ANGELES, CA – JANUARY 10: In an aerial view, a car and a pickup truck are seen inside a sinkhole … [+] as another storm created by a series of atmospheric rivers inundates California o...
AVAX rises at $14.48 following an entirely positive run – Cryptopolitan
Avalanche price analysis shows that the cryptocurrency is bullish today and is looking to break out of its current trading range. The digital asset has been in a range between $14.46 and $14.48 for th...
Oscars ‘Free’ Gifts Draw $46k Tax Bill From IRS + $16k From California
Hollywood, CA/ USA – July 26, 2018: Oscar golden award in a souvenir store on Hollywood Boulevard. … [+] Success and victory concept getty Some say that an Oscars statuette is the most val...
First Republic Bank employees fear job losses as bank nears collapse – Cryptopolitan
The employees of First Republic Bank are preparing themselves for the worst as the bank is on the verge of going out of business. What’s going on with First Republic Bank? The Federal Deposit Insuranc...
How exactly does a stablecoin depeg? – Cryptopolitan
Stablecoins are cryptocurrencies designed to maintain a stable value relative to another asset, often the US dollar. This stability makes stablecoins attractive to investors and traders who want to he...
Treasury Secretary Janet Yellen says U.S. government won’t bail out Silicon Valley Bank
Janet Yellen, US Treasury secretary, speaks during a Financial Stability Oversight Council (FSOC) meeting at the Treasury Department in Washington, DC, US, on Friday, Dec. 16, 2022. Ting Shen | Bloomb...
Venture investors vow to work with Silicon Valley Bank if new owner found
A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images More than three hundred venture capital firms have signed a joint state...
Silicon Valley Bank employees received bonuses hours before takeover
Police officers leave Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Silicon Valley Bank employees received their annual bonuses Frida...
Yellen Rules Out Bailout For Silicon Valley Bank
Topline The federal government will not bail out the “investors and owners” of Silicon Valley Bank, Treasury Secretary Janet Yellen said Sunday on Face The Nation, saying the situation is different fr...
Circle Shares an Update on SVB and USDC After SVB Collapse
Circle— a crypto firm, provided a recent update on USDC— a stablecoin, and Silicon Valley Bank (SVB), on March 11th, Saturday. It stated that USDC liquidity operations will resume normally after Monda...
‘Hot IPOs;’ These Newly-Public Stocks Are ‘Strong Buys,’ According to Analysts — Here’s Why and Where They’re Headed
It’s no easy task making sense of the stock market these days. The year began in an optimistic mood, but following a downtrend that began in February, the S&P 500 is almost back to the level it wa...
The World’s Central Banks Are No Match for the Global Economy
Writing in his newsletter last week, the great George Gilder quipped that the world’s central bankers are apparently “demoralized over their inability to drive the world into recession.” Gilder was re...
Diamondbacks, Nationals Begin Long Road Back By Giving Eight-Year Contracts To Blue-Chip Prospects
Corbin Carroll, who retains rookie status, has received an eight-year contract extension from the … [+] rebuilding Arizona Diamondbacks. (Photo by Christian Petersen/Getty Images) Getty Images I...