SVB's Parent Company Declares Bankruptcy While Tech Investors Return to the Failed Bank

Gizmodo : Economy

The entity that once owned the poor, beleaguered Silicon Valley Bank, the main banking house for numerous tech-focused firms and venture capitalists, is officially holding up a white flag as it suddenly declared bankruptcy.

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BlackRock's Larry Fink says the US banking system may face 'more seizures and shutdowns' after Silicon Valley Bank's collapse

Tech Insider
BlackRock CEO Larry Fink, pictured in November 2022, gesturing while sitting in front of a blue background.
BlackRock CEO Larry Fink.

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BlackRock says there's a good chance the Fed will have to hike interest rates to 6%, the highest level in 20 years

Tech Insider
Rick Rieder
Rick Rieder, CIO of fixed income at BlackRock.

Steve Marcus/Reuters

The 'everything' bull market is over now that inflation has gone from no problem to a big problem, BlackRock strategist says

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Bull bear light box
The bull market is over, BlackRock strategist Ben Powell said.

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Investors should pile into short-term bonds as markets wake up to the reality that the Fed is going to stay aggressive, BlackRock says

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traders
Traders work on the floor of the New York Stock Exchange February 4, 2014.

REUTERS/Brendan McDermid

Rich Jerk Runs For President Because 'Woke Capitalism' Is Bad

Gizmodo : Environment, Economy

Those of you who who sit up at night fretting about how American financial institutions are getting too damn woke, don’t worry: Your champion has arrived, and he’s gunning for the 2024 GOP presidential nomination.

America's 'Big Three' passive funds now own more of Tesla than CEO Elon Musk does, report says

Tech Insider
Elon Musk holding microphone in front of red sign with Tesla logo
Elon Musk.

Nora Tam/South China Morning Post via Getty Images

Investors should 'judiciously' embrace risk and split between growth and value, says a BlackRock fund manager

Tech Insider
Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange

Spencer Platt/Getty Images

Stop chasing the rally in tech stocks because high interest rates and weak earnings are coming to bite, says a top BlackRock iShares strategist

Tech Insider
Traders
A trader works during the opening bell at the New York Stock Exchange.

(Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

Despite 'extraordinary' 2023 rally, stocks are just OK, BlackRock's bond chief says

Tech Insider
Stock traders on the exchange trading floor.
Stock traders

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