The dramatic drop in regional bank stocks is a key entry point for investors, according to analyst Christopher Marinac. Marinac, who serves as Director of Research at Janney Montgomery Scott, believes...
Tag: Wall Street
Regulators may still try to find a buyer for Silicon Valley Bank, source says
Customers wait in line outside of a Silicon Valley Bank branch in Wellesley, Massachusetts, US, on Monday, March 13, 2023. Sophie Park | Bloomberg | Getty Images Regulators could make a second attemp...
Gundlach says Fed will hike rate next week to save face, but shouldn’t
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes that the Federal Reserve will still pull the tr...
Charles Schwab shares drop 8%, but rally off lows as firm defends financial position
Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Charles Schwab shares cut steep losses on Monday as the financial ...
Investors rush into bonds, gold in flight to safety after SVB rescue
A trader works on the floor during morning trading at the New York Stock Exchange (NYSE) on March 10, 2023 in New York City. Spencer Platt | Getty Images Investors flocked to safe-haven assets such a...
Bill Ackman says U.S. did right thing in protecting SVB depositors
A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Billionaire investor Bill Ackman said the U.S. government’s actio...
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
WASHINGTON — Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature Bank will rely on Wall Street and large financial institutions — n...
PNC decides not to bid on Silicon Valley Bank as regulators struggle to find rescue buyers, source says
A PNC Bank branch in New York, on Wednesday, Jan. 18, 2023. Bing Guan | Bloomberg | Getty Images PNC Financial Group has decided against bidding on Silicon Valley Bank as regulators struggled to find ...
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...
Two bond ETF strategies that may help investors profit from rate hikes
Interest rate jitters are meaningfully pushing investors to the shorter end of the yield curve, according to Joanna Gallegos, co-founder of fixed-income ETF issuer BondBloxx. Gallegos, former head of ...
Silvergate, Etsy, SVB Financial, Uber and more
Pavlo Gonchar | Lightrocket | Getty Images Check out the companies making headlines before the opening bell: Etsy — Shares fell more than 6% in premarket after Jefferies double-downgraded the online ...
Jamie Fiore Higgins account of her life on Wall Street
Jamie Fiore Higgins interviewed on TV on Wednesday, August 31, 2022. Her book, Bully Market, exposed shocking behavior by some Goldman Sachs employees. Nbc | Nbcuniversal | Getty Images Jamie Fiore Hi...
No exit ramp for Fed’s Powell until he creates a recession, economist says
Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Ca...
Warren Buffett’s Berkshire Hathaway buys more Occidental Petroleum shares
Warren Buffett Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions, a regulatory filing revealed Tuesday...
European companies showing ‘surprise resilience’ — and better value than the U.S.
A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters LONDON — Eur...
ETF strategies may be the solution for Treasury trading challenges
As short maturity Treasury bond ETFs see big inflows, more investors are taking on single-bond strategies as a solution to macroeconomic challenges. Buying Treasury bonds typically involves opening a...
Griffin’s Citadel hedge fund is up again in 2023 after a record year
Ken Griffin, the founder and CEO of Citadel, in 2014. E. Jason Wambsgans | Tribune News Service | Getty Images Billionaire investor Ken Griffin’s flagship hedge fund matched the broader market&#...
Stocks moving big after hours: SI, CRM, SNOW, OKTA
Pedestrians near Salesforce Tower in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesfor...
David Einhorn says investors should be ‘bearish on stocks and bullish on inflation’
Greenlight Capital’s David Einhorn said Wednesday he’s keeping his negative stance on the stock market as inflation and interest rates could shoot higher. “I think we should be beari...
We Just Need To Invest In Them
The next superstar can come from anywhere. By investing in music as we do with any form of infrastructure, communities can have a stake in their success. 2022 was a positive year for the business of m...
Credit Suisse ‘seriously breached’ obligations in Greensill case
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse “seriously breached its supervisory obligations” in the ...
Stocks moving big after hours: ZM, OXY, WDAY
Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victo...
ETF fund manager bets on the robot boom
Artificial intelligence isn’t just a hot topic in Hollywood. While horror robot movie “M3gan” racks up millions at the winter box office, the ETF industry is seeing opportunities fro...
Warren Buffett annual letter Berkshire Hathaway: stock buybacks
An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S...
Read Warren Buffett’s annual letter to Berkshire Hathaway shareholders
Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022. CNBC Warren Buffett published his highly anticipated annual letter to Berkshire Hathaway shar...
Buffett’s must-read annual letter lands Saturday. What to expect
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Warren Buffett’s loyal following of value investors is about to hear from the legend himself, at a crucial time when intere...
Black families’ net worth has grown since Covid, but wealth gap remains wide
Black families saw their wealth grow more than that of non-Black households during the pandemic, but the racial wealth gap is still vast, a new study showed. The average net worth among Black househol...
Jim Bianco warns stocks face serious competition
Traditional savings accounts are going up against stocks. And, the winner may be your neighborhood bank for the first time in years, according to Wall Street forecaster Jim Bianco. He contends rising ...
Stocks moving big after hours: PANW, COIN, TOL
Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after...
Popular ETF strategy shift may benefit investors
With Wall Street jitters increasing over the number of interest rate hikes ahead, VettaFi’s Todd Rosenbluth sees signs of a comeback in managed fixed-income exchange-traded funds. “It̵...
Charlie Munger says BYD is far ahead of Tesla in China
Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever. “I have never helped do anything at Berkshire [H...