Streaming platform Roku Inc. ROKU, -0.88% on Friday said it “does not know” to what extent it would be able to recover the cash it has deposited with the recently-failed Silicon Valley Bank. Roku said...
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Shareholders Side With Apple on Contentious Votes, Analyst Eyes $230 Per Share
Apple (AAPL) won support for all of its voting proposals at its annual shareholders’ meeting on Friday, despite some controversy and disagreements. Key Takeaways • Apple secures a ‘clean s...
SVB’s Balance-Sheet Time Bomb Was ‘Sitting in Plain Sight,’ Short Seller Says
(Bloomberg) — The problems that triggered SVB Financial Group Inc.’s death spiral were hiding in plain sight in the firm’s earnings reports. Most Read from Bloomberg That’s according to short se...
Silicon Valley Bank Panic Crashes 10 Bank Stocks — Is Yours OK?
The halt to trading of Silicon Valley Bank (SIVB) shares is setting off a cascade of selling throughout the financial sector. Is your bank or brokerage one of them? X Shares of 10 stocks in the financ...
Bond Yields Plunge Most Since 2008 as Traders Rethink Fed Path
(Bloomberg) — Government-bond yields fell the most since since 2008 after a US bank failure spurred traders to reassess the outlook for additional Federal Reserve rate hikes. Most Read from Bloo...
Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy
(Bloomberg) — SVB Financial Group’s record plunge on Thursday minted short sellers roughly half a billion dollars in paper profits. But they now face a challenge: how to close their positions. M...
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance – Exchanges Bitcoin News
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of ...
Bank Stocks Take a Beating. Why Charles Schwab Also Is Getting Slammed.
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...
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...
Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure
Ad California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. Silicon Valley Bank closed by regu...
1inch Network Price Prediction: Bears Are Pulling 1INCH Down
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Who Failed Silicon Valley Bank Depositors?
Yes, SVB was tech-forward and, while not necessarily “crypto-friendly,” it did bank crypto hedge funds and VCs like Blockchain Capital, Castle Island Ventures, Dragonfly and Pantera (oh, and even Coin...
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...
Bitcoin Retests Realized Price, Will Rally Be Saved?
On-chain data shows the Bitcoin price is now making a retest of its realized price, can this help push the asset’s value back up and restart the rally? Bitcoin Is Now Retesting Its Realized Price Of A...
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...
Silicon Valley Bank CEO Reassuring Clients After 60% Slump
Silicon Valley Bank operating as SVB Financial Group is seeing the worst of its days with its share price plunging by 23.52% in the Pre-Market, following a massive slump of 60.41% on Thursday. Conside...
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...
Silicon Valley Bank collapse: What should you do if your bank closes down?
Silicon Valley Bank, which helps fund technology startups backed by venture-capital firms, has closed its doors. The California Department of Financial Protection and Innovation made the decision to c...