A recession and a credit crunch could result in $1 trillion of corporate debt defaults, Bank of America says

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trader worried

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Mega-cap stocks powered the 2023 market rally, but they now face a bigger selloff risk as recession looms, a JPMorgan strategist says

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

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Margin debt used to buy stocks has plunged by $329 billion as investors de-risk their exposure to the market

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Traders NYSE

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Big banks may cover 95% of the cost to refill the $16 billion hole blown in the FDIC's deposit insurance fund by bank failures

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Silicon Valley Bank customers wait in line at SVBs headquarters in Santa Clara, California on March 13, 2023.
Silicon Valley Bank customers in March.

Noah Berger/AFP

Dollar dominance is stronger because of sanctions, not weaker, says former Treasury official

Tech Insider : Economy
dollar inflation federal reserve
The US dollar hit 20-year highs this year.

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The debt ceiling crisis is 'pathetic' as government revenue is near a record high, top economist David Rosenberg says

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david rosenberg
David Rosenberg.

Screenshot via Bloomberg TV

US stocks climb but head for a weekly loss as investors weigh debt-ceiling talks

Tech Insider : Crypto
NYSE traders

Lucas Jackson/Reuters

Tech stocks' superb 2023 is about to be shattered by a recession, Bank of America warns

Tech Insider
nasdaq
Tech stocks' early-2023 rally could soon be 'cracked' by a US recession, according to Bank of America.

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The family behind First Citizens Bank has seen its wealth double to $2.2 billion after buying SVB's assets out of bankruptcy

Tech Insider
A woman walks in front of a First Citizens Bank branch in Raleigh, North Carolina.
A First Citizens Bank branch in Raleigh, North Carolina. First Citizens Bank has acquired assets from Silicon Valley Bank.

Melissa Sue Gerrits/Getty Images

Hindenburg Research steps up its offensive against billionaire Carl Icahn's investment firm by shorting its bonds

Tech Insider
Carl Icahn
Carl Icahn is the founder and majority shareholder of Icahn Enterprises.

CNBC/Getty Images Contributor

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