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Bitcoin plunges under $20,000 to its lowest point in 2 months as Silvergate blow-up and bank fears rattle risk assets

Fri, 03/10/2023 - 11:22

Tech Insider : Crypto

A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File — Bitcoin dropped below $20,000 for the first time since January.
Reuters

Markets, MI Exclusive, Bitcoin, crypto, Cryptocurrencies, digital assets, Stocks

The Silicon Valley Bank crisis will force the Fed to slash rates by 100 basis points to prevent contagion, market guru says

Fri, 03/10/2023 - 11:18

Tech Insider

jerome powell testimony march 2023 — Anna Moneymaker/Getty Images

Markets, MI Exclusive, Silicon Valley Bank, Bank Run, Federal Reserve, Interest Rate Cut

SVB extends 2-day plunge to 86% on report it will seek a sale after failing to raise capital

Fri, 03/10/2023 - 10:56

Tech Insider

NYSE trader worried — Lucas Jackson/Reuters

Markets, MI Exclusive, Stock Market, Silicon Valley Bank, Movers, Peter Thiel, SVB Financial Group

A $15 billion VC firm warned its startups of Silicon Valley Bank's red flags months ago and they withdrew $1 billion ahead of the turmoil

Fri, 03/10/2023 - 10:29

Tech Insider

SVB — UKRAINE - 2021/04/09: In this photo illustration the Silicon Valley Bank (SVB) logo is seen on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Markets, MI Exclusive, Silicon Valley Bank, SVB, Stock Market, SVB stock, Stock Market Outlook

Legendary investor Jeremy Grantham says the stock bubble is still deflating and the market will bottom in 2024 amid the Fed's 'horror show'

Fri, 03/10/2023 - 10:21

Tech Insider

Jeremy Grantham — Matthew Lloyd/Getty Images for ReSource 2012

Markets, MI Exclusive, Jeremy Grantham, Stock market bubble, Stock Market Crash, stock market bottom, stock market outlook 2023

US stocks fall as investors weigh hotter-than-expected hiring against slower wage growth in February

Fri, 03/10/2023 - 09:40

Tech Insider : Economy

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., October 27, 2017. REUTERS/Brendan McDermid — Traders work on the floor of the NYSE in New York.
Thomson Reuters

Markets, MI Exclusive, Stocks, S&P 500, Equities, Dow Jones Industrial Average, Nasdaq Composite

Cratering Silicon Valley Bank's troubles could be the first sign of a new financial crisis. Here's what Burry, Ackman and El-Erian have to say.

Fri, 03/10/2023 - 08:57

Tech Insider

Silicon Valley Bank — Silicon Valley Bank.
Rafael Henrique/SOPA Images/LightRocket via Getty Images

Markets, MI Exclusive, SVB Financial Group, Silicon Valley Bank, Bill Ackman, Michael Burry, Mohamed El-Erian

Wall Street's 4 top banks just had $55 billion wiped off their market value in a single day

Fri, 03/10/2023 - 07:11

Tech Insider

jp morgan — People walk inside JP Morgan headquarters in New York, October 25, 2013.
REUTERS/Eduardo Munoz

Markets, MI Exclusive, JPMorgan, JP Morgan, Citigroup stock, Bank of America, Wells Fargo

'Big Short' investor Michael Burry issues a grave warning after Silicon Valley Bank's stock rout: 'It is possible today we found our Enron'

Fri, 03/10/2023 - 05:55

Tech Insider

Dr. Michael Burry — 'Big Short' investing legend Michael Burry.
Astrid Stawiarz/Getty Images

Markets, MI Exclusive, Stocks, Michael Burry, Michael Burry forecast, Michael Burry tweets, The Big Short

Marc Benioff praises Elon Musk's vision, bemoans not buying Twitter, and rings the recession alarm in a new interview. Here are the Salesforce CEO's 9 best quotes.

Fri, 03/10/2023 - 05:00

Tech Insider

Marc Benioff — Marc Benioff.
Photo by Kimberly White/Getty Images for Fortune

Markets, MI Exclusive, Stocks, Marc Benioff, salesforce, Elon Musk, tesla

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