Stocks moving big midday: FRC, MRNA, NEM, PRVB

People are seen inside the First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar Mike Segar | Reuters Check out the companies making the ...

Third-biggest bank failure in U.S. history

The Signature Bank headquarters at 565 Fifth Avenue in New York, US, on Sunday, March 12, 2023. Lokman Vural Elibol | Anadolu Agency | Getty Images On Friday, Signature Bank customers spooked by the s...

ILMN, FRC, SGEN & More

Offices of Illumina, in San Diego, California. Mike Blake | Reuters Check out the companies making headlines before the bell. First Republic — Shares of First Republic cratered more than 64% before th...

We’re looking for stocks to buy after regulators saved SVB depositors

Phew, that was close. Too close. There was so much fear engendered by the events of the last 72 hours since Silicon Valley Bank collapsed that we’ll have investors who want to sell no matter wha...

You have an elegant fix for the Silicon Valley Bank crisis

“CNBC Special: America’s Banking Crisis” airs Sunday at 7 p.m. ET, where Jim and other experts will discuss the ramifications of Silicon Valley Bank’s demise on the economy and...

Auction process is reportedly underway to find a buyer for Silicon Valley Bank

A sign is posted in front of the Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Federal regulators are conducting an auction for Si...

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...

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 customers scramble to meet payroll, pay bills

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.  Justin Sullivan | Getty Images The sudden collapse of Silicon Valley Bank...

Fintech Brex got billions of dollars in Silicon Valley Bank deposits Thursday

Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned. The company, itself a high-flying startup, has benefited after venture c...

Silicon Valley Bank drops for a second day, weighing on the bank sector again

In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background.  Igor Golovniov | Lightrocke...

JPMorgan Chase sues former senior banker with ties to Jeffrey Epstein

Jes Staley, CEO of Barclays Justin Solomon | CNBC JPMorgan Chase sued its former investment banking chief Jes Staley over his ties to disgraced former financier Jeffrey Epstein, alleging that Staley i...

CRM, BBY, M and more

A worker enters the SalesForce Tower in San Francisco, California, U.S., on Monday, March 14, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bel...

UNP, FSR, TSLA, Z and more

A Union Pacific locomotive crosses Highway 118 in Somis, California. Stephen Osman | Los Angeles Times | Getty Images Check out the companies making headlines in midday trading. Union Pacific – Union ...

Why Goldman’s Marcus project failed and what it means for CEO Solomon

David Solomon, chief executive officer of Goldman Sachs Group Inc., during an event on the sidelines on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. S...

Jamie Dimon says the Federal Reserve has ‘lost a little bit of control of inflation’

JPMorgan Chase CEO Jamie Dimon said Thursday that the Federal Reserve has lost some control of inflation, but noted the U.S. economy continues to show signs of strength. “I have all the respect ...

Wells Fargo lays off mortgage bankers days after rewarding some with California retreat

Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...

United Airlines helps launch sustainable aviation fuel fund

A United Airlines passenger plane takes off from Frankfurt Airport. The airport, which is operated by fraport, is one of the most important hubs in Europe. Jana Glose | Picture Alliance | Getty Images...

U.S. stocks don’t seem bothered by inflation

People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is fro...

U.S. stocks don’t seem concerned about inflation

People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC...

Goldman Sachs scraps idea for direct-to-consumer credit card

David Solomon, Goldman Sachs, at Marcus event Goldman Sachs has dropped plans to develop a Goldman-branded credit card for retail customers, another casualty of the firm’s strategic pivot, CNBC ...

Sandwich chain Subway explores sale

In this photo illustration, a Subway sandwich is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Sandwich giant Subway confirmed Tuesday it is ...

Ukraine plots post-war rebuilding effort with JPMorgan Chase as economic advisor

A closer shot of Ukraine President Volodymyr Zelenskyy and the Ministry of Economy (MoE) meeting with senior members of J.P. Morgan. Coutesy: JP Morgan Summit Ukraine’s government signed an agre...

Wall Street’s frozen market is thawing after stock rally

Traders work on the floor of the New York Stock Exchange on Wall Street in New York City. Angela Weiss | Afp | Getty Images Wall Street just pulled off its biggest IPO in four months, giving bankers h...

Solar tech company Nextracker expected to price at upper end of range in good sign for IPO market

choja | E+ | Getty Images The solar technology company Nextracker is expected to price its initial public offering at the high end of its stated $20 to $23 per share range, people with knowledge of th...

‘Phishing-as-a-service’ kits drive uptick in theft: One business owner’s story

Cody Mullenaux and his family. Mullenaux was the victim of a sophisticated wire fraud scheme that has resulted in $120,000 being stolen Courtesy: Cody Mullenaux Banks have spent enormous amounts on cy...

How Zelle is different from Venmo, PayPal and CashApp

More than half of smartphone users in the U.S. are sending money via some sort of peer-to-peer payment service to send money to friends, family and businesses. Stocks of payment services like PayPal, ...

Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million

David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023.  Adam Galica | CNBC Goldman Sachs CEO David Solomon will get a $25 milli...

Bank earnings are in. Wells Fargo, Morgan Stanley still our favorites

With all the major investment and money center banks having now reported fiscal fourth-quarter earnings, we compiled the results to compare how our Club holdings, Wells Fargo (WFC) and Morgan Stanley ...

Jim Cramer picks his standout stocks in 4 bull market industries

CNBC’s Jim Cramer on Wednesday offered investors a list of bull markets he’s identified as companies report quarterly financial results. “Now that we are already one-fifth of the way...

Bank of America, JPMorgan and other banks reportedly team up on digital wallet to rival Apple Pay

Brendan McDermid | Reuters Several banks are reportedly working on a digital wallet that links with debit and credit cards to compete with Apple Pay and PayPal. According to the Wall Street Journal, t...

Shoppers Are Under Pressure. A Recession Could Be Next.

After two years of working overtime on delivering record-breaking holiday seasons, Santa Claus has had enough. If 2022’s holiday retail sales are anything to go by, the head of the North Pole has hopp...