Stock market news today: Stocks soar after First Republic gets $30 billion injection
submitted 5 Days ago in Finance
U.S. stocks rallied on Thursday following a capital injection from 11 of the country's biggest banks into troubled lender First Republic.
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Buy These 2 EV Charging Stocks, Needham Says, Forecasting Over 50% Upside
submitted 5 Days ago in Finance
While electric vehicles (EVs) are currently a small part of the world’s auto fleets, their numbers are growing. EVs are benefitting from a mix of tailwinds, including improved technologies, social approval, and political will, combining to give a strong...
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submitted 5 Days ago in Finance
https://cdn.benzinga.com/files/images/story/2023/03/16/elon_musk_at_a_press_conference.jpg?optimize=medium&dpr=2&auto=webp&crop=1200%2C800 Benzinga Amid Thin Twitter Safety Staff, Elon Musk Frets Over Microsoft Reportedly Axing AI Ethics Team Elon Musk fu...
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How Credit Suisse just unleashed a nightmare decision for the Fed and the ECB
submitted 5 Days ago in Finance
Credit Suisse added more gas on the banking fire, exacerbating an already tough decision for central banks.
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Credit Suisse Needs Capital Raise or Break-Up, Morningstar Says
submitted 6 Days ago in Finance
(Bloomberg) -- Credit Suisse Group AG’s funding costs have become so high it either needs to raise more capital or face a break up, Morningstar analyst Johann Scholtz said in a note on Wednesday. Most Read from BloombergCredit Suisse Reels After Top Sha...
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Oil prices crater as inventories build, fears ripple through global markets
submitted 6 Days ago in Finance
Oil prices have fallen sharply in recent days amid growing inventories and broad stresses following the failure of multiple U.S. banks.
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Bank of America won big from the Silicon Valley Bank collapse
submitted 6 Days ago in Finance
Sources familiar with the matter say former Silicon Valley Bank customers are looking to put their money in the safest institution possible.
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submitted 6 Days ago in Finance
‘Buy the dip’ has not become the ubiquitous phrase it is for no reason. With bank stocks recently falling in unison whether they are in danger of meeting the same fate as SVB and Signature bank or not, there are plenty of ‘buy the dip’ opportuniti...
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Jack Welch's GE legacy ended last week: R.I.P.
submitted 6 Days ago in Finance
Jack Welch, the legendary long-time chief executive of General Electric, died on Mar. 1, 2020, almost two decades after he left the company. His corporate legacy died at GE’s recent Investor Day event: Mar. 9, 2023.
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Stock market news today: Stocks plummet, yields fall amid Credit Suisse turmoil
submitted 6 Days ago in Finance
U.S. stock were sharply lower Wednesday morning as two economic prints showed a slowdown in February, coupled with fresh turmoil at Credit Suisse (CS) that weighed on sentiment.
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submitted 7 Days ago in Finance
'Initial criticality' has been reached.
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submitted 7 Days ago in Finance
The failure of Silicon Valley Bank has had a widespread impact.
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Kevin OLeary Says Avoid Bank Stocks and Buy Energy Instead. Here Are 2 Names to Consider
submitted 7 Days ago in Finance
In the wake of multiple bank collapses over the past week, many banking stocks’ valuations have fallen sharply and are trading at deep discounts right now. One investor, however, that definitely won’t be looking for any bargains amongst the carnage is...
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Silicon Valley Bank committed 'one of the most elementary errors in banking,' Larry Summers says
submitted 1 Week ago in Finance
Former Treasury Secretary Larry Summers said Silicon Valley Bank made an "elementary" mistake in banking that led to its collapse and takeover by federal regulators.
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Bank stocks rally in sharp reversal from previous session
submitted 1 Week ago in Finance
First Republic (FRC) and other regional banks are up sharply, in a stunning reversal from the previous session when the sector was hammered following the collapse of Silicon Valley Bank.
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Inflation: Consumer prices rise 6% over last year in February, slowest since Sept. 2021
submitted 1 Week ago in Finance
Inflation showed signs of cooling in February after prices picked up to start the year, according to the latest data released Tuesday morning.
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US Shouldnt Have Bailed Out SVB Depositors, Say Investors Like Ken Griffin and Carson Block
submitted 1 Week ago in Finance
(Bloomberg) -- The US government’s emergency decision to backstop the financial system after the collapse of Silicon Valley Bank has earned praise from prominent names including Larry Summers and Bill Ackman.Most Read from BloombergCredit Suisse Finds
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Moodys Puts First Republic, Five US Banks on Downgrade Watch
submitted 1 Week ago in Finance
(Bloomberg) -- Moody’s Investors Service placed First Republic Bank and five other US lenders on review for downgrade, the latest sign of concern over the health of regional financial firms following the collapse of Silicon Valley Bank.Most Read from Bl...
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Here are all the banks getting crushed right nowand what to do if your money is there
submitted 1 Week ago in Finance
“Consumers need to separate falling stock prices and volatile trading from their actual deposits in the bank,” explained Mark Neuman, financial advisor and CIO of Constrained Capital.
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submitted 1 Week ago in Finance
In the wake of last week’s bank collapse – the fall of Silicon Valley Bank, and the related collapses of the crypto-centered Silvergate and Signature banks – there’s been a swirl of discussion around fractional reserves and liquidity coverage rati...
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IRA Required Minimum Distribution (RMD) Table for 2023
submitted 1 Week ago in Finance
An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The po...
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Wall Street analysts make big calls on bank stocks in wake of SVB failure
submitted 1 Week ago in Finance
Let the wagers begin.
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submitted 1 Week ago in Finance
The economist also said that the Fed will likely now “retreat” on interest rate hikes.
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Investor who called Lehman collapse predicts the next big US bank failure
submitted 1 Week ago in Finance
Robert Kiyosaki, who originally forecasted the Lehman 2008 crisis, predicts the next bank to collapse in the Silicon Valley Bank contagion will be Credit Suisse.
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Buy the Dip in Bank Stocks, Goldman Sachs Says. Here Are 2 Names to Consider
submitted 1 Week ago in Finance
Last week ended with the worst day for bank stocks since the financial crisis of 2008. The collapse of Silicon Valley Bank, the country’s 16th largest banking firm and the lender of first resort for the start-ups of California’s tech world, has sparke...
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Stocks moving in after-hours: United Airlines, First Republic, Charles Schwab
submitted 1 Week ago in Finance
These are the stocks making moves after the bell.
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Elizabeth Warren knows exactly why Silicon Valley Bank failedand who should pay
submitted 1 Week ago in Finance
SVB CEO Greg Becker himself was one of many voices advocating for Dodd-Frank to be loosened. Oops.
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submitted 1 Week ago in Finance
When billionaires jump on the same trend, it’s important for investors to take notice. The pieces often don’t come together immediately, but these investors have millions of dollars in resources dedicated to getting the most up-to-date information as ...
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Yellen says no federal bailout for Silicon Valley Bank
submitted 1 Week ago in Finance
Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. The Federal Deposit Insurance Corporation insures deposits up to $250,0...
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Silicon Valley Bank exec was Lehman Brothers CFO prior to 2008 collapse
submitted 1 Week ago in Finance
Prior to the Lehman Brothers collapse, Joseph Gentile was its CFO until 2007 when he left and became Silicon Valley Bank's Chief Administrative Officer.
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