Can you believe it's only Thursday? Phil Rosen here. The sheer volume of financial news this week is enough to fill a very thick book — but if it's okay with you, today we'll keep it to a single newsletter.
One thing I'm thinking about this morning: Elon Musk said he sees similarities between the Silicon Valley Bank collapse and the 1929 Wall Street crash.
Is it Friday yet? Dan DeFrancesco in NYC. What a week it's been already for Wall Street. Fortunately, it seems like things are finally starting to calm down.
It's also good to see the world goes on despite how crazy it might seem in our little bubble. Like this guy who's bringing a lawsuit against Buffalo Wild Wings.
Hey there, buds. I'm Diamond Naga Siu, and I'll be writing to you from San Diego for the foreseeable future. Big thanks to my editor Matt Weinberger and my teammate Paayal Zaveri for filling in while I wrapped up my cross-county move.
Howdy team. Senior reporter Phil Rosen here.
Everyday now we've been talking about Silicon Valley Bank — SVB — and I've had to catch myself several times from saying SBF — Sam Bankman-Fried — the guy behind the other big financial collapse in recent months.
Hey there! Dan DeFrancesco in NYC.
When federal regulators stepped in to guarantee deposits at Silicon Valley Bank and Signature Bank late Sunday (more on that here), the goal was simple: Ease the public concerns and calm the markets.
Not so fast, my friend!
It's Tuesday, readers. I'm Paayal Zaveri, a senior reporter for Insider's tech analysis team, filling in for my colleague Diamond Naga Siu.
Yesterday marked three years since the US government declared a national emergency around the COVID-19 outbreak. To say time flies is an understatement — our lives have changed so much over the last three years.
Take, for example, remote work.
While remote work offers flexibility, it often comes at the cost of maintaining a work-life balance. Don't fret, though. There are solutions underway.
Good morning. I'm senior reporter Phil Rosen.
As regional bank stocks tanked yesterday, contagion remains top of mind, and commentators are warning of more risks to the financial sector.
What a weekend! Dan DeFrancesco in NYC.
What do you think we've got for stories today? It's all about Silicon Valley Bank going down and the knock-on effects.
Phew. Hey there. Senior reporter Phil Rosen here. Before we jump into the newsletter, the Silicon Valley Bank saga is continuing to unfold, so let's quickly break down the latest.
Gooood morning readers! I'm Phil Rosen. On tap today we've got a great interview with a top real estate economist and this week's best markets stories, including updates on the Silicon Valley Bank meltdown.
Before we get to that — who do you think I should speak to next?
