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Marc Andreessen says student loan forgiveness is a 'bailout.' Ben Horowitz thinks college is mostly 'a scam.'

Mon, 01/15/2024 - 21:16

Andreessen Horowitz — Phillip Faraone/Getty; Steve Jennings/Getty

Tech, andreesseen-horowitz, marc-andreessen, ben-horowitz, student-loans, student-loan-forgiveness, biden-administration

The S&P 500 could crash nearly 50% as a brutal recession takes hold, veteran technical analyst warns

Mon, 09/11/2023 - 07:01

Milton Berg — Milton Berg.
Forward Guidance/YouTube

Markets, mi-exclusive, Markets, Stocks, stock-market-outlook, milton-berg, sp-500

US banks hoard $3.3 trillion in cash amid fears of an economic slump

Wed, 09/06/2023 - 13:53

Tech Insider : Economy, Economy

SVB bank — SVB Financial's share price collapse is weighing on top bank stocks including JPMorgan and Bank of America.
Dado Ruvic/Reuters

economy, economy, Markets, Credit, Banks, SVB, Cash

NBA star Giannis Antetokounmpo spread his money across half a dozen bank accounts as a rookie because of the FDIC's $250,000 limit. Billionaire team owner Marc Lasry told him to invest instead.

Mon, 09/04/2023 - 11:46

Giannis Antetokounmpo — Giannis Antetokounmpo.
Aaron Gash/AP

Markets, mi-exclusive, Markets, Stocks, marc-lasry, avenue-capital-group, giannis-antetokounmpo

The US government's been selling SVB and First Republic's wine collections. Past bank failures have put far weirder assets in federal hands.

Fri, 09/01/2023 - 07:31

svb silicon valley bank building cop — Silicon Valley Bank collapsed this spring and was taken over by the FDIC.
Justin Sullivan/Getty Images

Markets, mi-exclusive, Markets, Stocks, silicon-valley-bank, first-republic, banking-crisis

Ex-Goldman CEO Lloyd Blankfein phoned his successor to complain after taking a $50 million hit on the bank's stock - and even offered to rejoin the firm, report says

Fri, 08/11/2023 - 10:45

Lloyd Blankfein — Ex-Goldman Sachs CEO Lloyd Blankfein.
REUTERS/Wolfgang Rattay

Markets, MI Exclusive, Stocks, Goldman Sachs, Lloyd Blankfein, David Solomon, New York Times

The US bond market is on the verge of a major breakdown - and that will send mortgage rates to levels unseen since 2000 and fuel more banking trouble, economist says

Fri, 07/28/2023 - 09:39

US economy dollars — Many analysts think the US is heading for a recession in 2023.
Juanmonino/Getty Images

Markets, MI Exclusive, Bond Market, Bonds, Treasuries, US Treasuries, Stocks

'Bond King' Bill Gross says he's dumping 80% of his regional bank holdings after making 'mucho bucks' in just three months

Thu, 07/27/2023 - 05:51

Bill Gross — PIMCO co-founder Bill Gross.
Lucy Nicholson/Reuters

Markets, MI Exclusive, Bill Gross, PacWest Bank, Banc of California, banking turmoil, SVB

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

Fri, 05/12/2023 - 07:55

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

Markets, MI Exclusive, First Citizens Bank, SVB, Silicon Valley Bank, Silicon Valley Bank collapse, silicon valley bank crisis

Banking turmoil is far from over. Bill Ackman, Jeffrey Gundlach, and Mohamed El-Erian have renewed their warnings about unresolved risks.

Sat, 05/06/2023 - 10:55

Bill Ackman — Bill Ackman.
Reuters

Markets, MI Exclusive, Banks, Banking Crisis, banking crisis 2023, Stocks, PacWest

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