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Elon Musk Confirms He’s Been Roleplaying as a Toddler for Years

Tue, 04/09/2024 - 14:20

A 108-page deposition of Elon Musk went public on Monday, as first reported on by HuffPo

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JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco

Mon, 08/07/2023 - 07:05

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. — Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Justin Sullivan/Getty Images

Markets, MI Exclusive, Silicon Valley Bank, Signature Bank, banking turmoil, bank crisis, FDIC

JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco

Mon, 08/07/2023 - 07:05

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. — Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Justin Sullivan/Getty Images

Markets, MI Exclusive, Silicon Valley Bank, Signature Bank, banking turmoil, bank crisis, FDIC

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

Fri, 05/12/2023 - 10:49

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

Markets, MI Exclusive, FDIC, FDIC insurance, Federal Deposit Insurance Corporation, Bank failures, Banking Crisis

Mohamed El-Erian says the US is in the second stage of the banking turmoil – and lists 4 ways to avoid a 'significantly damaging' third phase.

Wed, 05/10/2023 - 10:57

FILE PHOTO - Mohamed El-Erian speaks during the — File photo of Mohamed El-Erian speaking at the 2009 Milken Institute Global Conference in Beverly Hills.
Thomson Reuters

Markets, MI Exclusive, Mohamed El-Erian, Banking Crisis, us banking crisis, Silicon Valley Bank, Silicon Valley Bank collapse

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

First Republic Bank shares tank 43% after report says the struggling lender is likely to be taken over by the government

Fri, 04/28/2023 - 16:21

A pedestrian walks by a First Republic bank on April 26, 2023 in San Francisco, California. — First Republic stock has plummeted after Silicon Valley Bank's failure.
Justin Sullivan/Getty Images

Markets, MI Exclusive, Stocks, S&P 500, first republic bank, FRC stock price, Banking Crisis

First Republic just revealed how SVB's failure rattled its business - and shared plans that may fuel fears of a credit crunch

Tue, 04/25/2023 - 08:13

office space bobs — First Republic's bosses expect to lay off 20% to 25% of the bank's employees this quarter.
YouTube / Office Space

Markets, MI Exclusive, Stocks, First Republic, Banking Crisis, Bank failures, Silicon Valley Bank

Jeremy Grantham warns US house prices will drop, the S&P 500 could plunge 52%, and more banking problems may lie ahead

Fri, 04/21/2023 - 11:54

jeremy grantham — Jeremy Grantham.
REUTERS/Nicholas Roberts

Markets, MI Exclusive, Stocks, Real Estate, Jeremy Grantham, GMO, Housing Bubble

Money-market funds' assets fall for the first time since the banking turmoil started, snapping a trend of record inflows

Fri, 04/21/2023 - 08:02

Dollar bills cash — Getty Images

Markets, MI Exclusive, money market funds, money markets, Taxes, tax filing, Taxpayers

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