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Western Alliance shares plummet 80% as bank stocks take a beating after SVB's failure

Mon, 03/13/2023 - 09:24

Tech Insider

Western Alliance — Western Alliance Bank.
(Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Markets, MI Exclusive, Stocks, Silicon Valley Bank, Silicon Valley Bank collapse, Banks, US banks

Silicon Valley Bank's issues were hiding in plain sight, and its collapse damages the Fed's reputation as a regulator, DataTrek says

Mon, 03/13/2023 - 09:03

Tech Insider

jerome powell — Federal Reserve Board Chairman Jerome Powell.
Yuri Gripas/Reuters

Markets, MI Exclusive, Jerome Powell, Federal Reserve, Treasurys, FDIC, Regulators

The Fed will be forced to surrender on rate hikes after SVB's failure, says top economist Mohamed El-Erian

Mon, 03/13/2023 - 08:32

Tech Insider

mohamed el-erian — Mohamed El-Erian.
REUTERS/Jason Reed

Markets, MI Exclusive, Bonds, Bond Yields, Mohamed El-Erian, Inflation, Mohamed El-Erian inflation

Stocks on Wall Street battle for direction as SVB's failure ignites fears for banks

Mon, 03/13/2023 - 08:05

Tech Insider

SVB — US stock futures jumped Monday after the Biden administration said it would backstop Silicon Valley Bank's customers.
Getty Images

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Bitcoin rises and crypto market tops $1 trillion again after US regulators bail out SVB customers

Mon, 03/13/2023 - 07:44

Tech Insider : Crypto

bitcoin — Bitcoin illustration
Yuichiro Chino/Getty Images

Markets, MI Exclusive, crypto, Bitcoin, Ether, Silicon Valley Bank, Silicon Valley Bank collapse

'Big Short' investor Michael Burry blames SVB's collapse on greed and recklessness - and draws parallels with the dot-com and housing crashes

Mon, 03/13/2023 - 05:31

Tech Insider

Michael Burry Getty — Michael Burry.
Kevin Mazur/WireImage

Markets, MI Exclusive, Stocks, Michael Burry, The Big Short, Scion Asset Management, Silicon Valley Bank

Adidas stock price faces these 6 threats with Yeezy split set to wipe out $1.3 billion in earnings

Sun, 03/12/2023 - 13:54

Tech Insider

Kanye West and Adidas CMO Eric Liedtke — Adidas ended a six-year partnership with Ye last year after the rapper repeatedly made anti-Semitic comments on Twitter.
Jonathan Leibson/Getty Images for ADIDAS

Markets, MI Exclusive, Stocks, Adidas, Adidas stock price, Yeezy, Kanye West

The rally in tech is set to fade after a red-hot start to 2023, but analysts say one area will keep thriving

Sun, 03/12/2023 - 10:36

Tech Insider

Artificial intelligence AI — Guillaume/Getty Images

Markets, MI Exclusive, Stocks, Nasdaq Composite, S&P 500, S&P 500 Information Technology sector, Tech stocks

SVB's collapse is what happens when an 'everything bubble' finally bursts

Sun, 03/12/2023 - 08:15

Tech Insider

Jerome Powell — Tom Williams/CQ-Roll Call, Inc via Getty Images; iStock; Rebecca Zisser/Insider

Markets, MI Exclusive, Silicon Valley Bank, Stock market bubble, Everything Bubble, Stock Market Crash, fed interest rates

Silicon Valley Bank imploded in a single day. It could be just the tip of the iceberg.

Sat, 03/11/2023 - 13:31

Tech Insider

Iceberg — A boat steers slowly through floating ice, and around icebergs, all shed from the Greenland ice sheet, outside Ilulissat, Greenland.
AP/Brennan Linsley

Markets, MI Exclusive, Stock Market, Silicon Valley Bank, SVB Financial Group, Trading, finance

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