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First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008

Fri, 03/10/2023 - 16:08

Trader at NYSE — A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022.
Michael Nagle/Xinhua via Getty

Markets, MI Exclusive, Stock Market, Silicon Valley Bank, SVB Financial Group, Mover, First Republic

SVB plummets 60% after higher interest rates spark billions in losses on a $21 billion bond portfolio

Thu, 03/09/2023 - 16:12

NYSE trader — Drew Angerer/Getty Images

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

Bank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send 'shock waves' through the sector

Thu, 03/09/2023 - 16:07

Stock Trader — Photo by TIMOTHY A. CLARY/AFP via Getty Images)

Markets, MI Exclusive, Stock Market, Bank stocks, Mover, Silicon Valley Bank, Silvergate Capital

Tesla's plan to slash its use of rare-earth metals in future vehicle production sends semiconductor stocks tumbling

Thu, 03/02/2023 - 13:01

Elon Musk Tesla — Getty Images

Markets, MI Exclusive, tesla, Rare Earth Metals, Elon Musk, Semiconductors, Stock Market

Nvidia adds $79 billion in market value after CEO Jensen Huang says ChatGPT represents an inflection point for artificial intelligence

Thu, 02/23/2023 - 11:09

Jensen Huang — Jensen Huang, CEO of Nvidia, shows the old (R) and new computers for autonomous vehicles at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018.
Rick Wilking/Reuters

Markets, MI Exclusive, Stock Market, nvidia, nvidia earnings, Nvidia stock, Artificial Intelligence

Space exploration company Intuitive Machines soars 259% following SPAC merger as investors revive 2021 playbook

Wed, 02/22/2023 - 15:42

trader, NYSE — Xinhua/Wang Ying/ Getty Images

Markets, MI Exclusive, Intuitive Machines, Stock Market, Trading, Mover, SPAC

Norfolk Southern has erased $5 billion in market value since the Ohio train derailment spilled toxic chemicals into East Palestine

Fri, 02/17/2023 - 11:35

A dark plume of smoke rises from a train derailment in East Palestine, Ohio, that leaked toxic chemicals. — A dark plume of smoke rises from a train derailment in East Palestine, Ohio, that leaked toxic chemicals.
AP

Markets, MI Exclusive, Stock Market, Norfolk Southern, Train Derailment, Ohio train derailment, Mover

Hasbro jumps after earnings reveal Magic: The Gathering has boomed to become $1 billion brand

Thu, 02/16/2023 - 13:32

magic the gathering — Wikimedia

Markets, MI Exclusive, Stock Market, hasbro, Hasbro stock, Hasbro stock price, Magic The Gathering

Lumber falls 24% in 9-day losing streak, but analysts see a bottom forming for the key building commodity

Wed, 02/15/2023 - 12:16

lumber store — A man loads pieces of two-by-four wood onto his cart in the lumber section at a home improvement store on August 16, 2022 in Alhambra, California.
FREDERIC J. BROWN/AFP via Getty Images

Markets, MI Exclusive, Lumber, lumber prices, Commodities, Housing, Mover

Roblox shares soar 27% as gains in users and virtual currency purchases lift quarterly results

Wed, 02/15/2023 - 11:58

Roblox — SOPA Images/Getty Images

Markets, MI Exclusive, roblox, Mover, gaming, virtual currency

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