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Bankruptcy

Dow Jones Falls As Banking Crisis Escalates. Apple Earnings Beat With April Jobs Report Next.

May 4, 2023 Mariel Alumit

The Dow Jones Industrial Average led the stock market lower Thursday, as the banking crisis escalated with sell-offs in regional banks PacWest (PACW) and Western Alliance (WAL). Apple (AAPL) climbed on strong earnings after the […]

Bankruptcy

US regional banks plunge as investors worry crisis not over

May 4, 2023 Mariel Alumit

Uncertainty continued to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon that the worst of the recent crisis is over and the health of the banking system remains […]

Bankruptcy

First Republic rescue fails to calm market turmoil

May 3, 2023 Mariel Alumit

EconomyBanks The rescue of First Republic has failed to calm market fears about the integrity of the United States banking system, with regional bank shares plummeting for a second straight day. US regional banks on […]

Aljazeera International

First Republic collapse sparks regional bank shares sell-off

May 1, 2023 Mariel Alumit

Shares of several regional lenders have fallen on Monday after the collapse of First Republic Bank, the third major casualty of the biggest crisis to hit the banking sector in the United States since 2008. […]

Price
Bankruptcy

Market Rally Shakeout May Be Bullish Signal; JPMorgan Eyes First Republic After FDIC Takeover

April 30, 2023 Mariel Alumit

The stock market rally fell sharply during the past week, but rebounded to close with solid gains, a shakeout that could set the stage for a stronger advance. JPMorgan Chase and PNC Financial are vying […]

Price
Bankruptcy

Dow Jones Futures: First Republic Bank Crashes 20% On ‘Unprecedented’ Deposit Flight

April 25, 2023 Mariel Alumit

Dow Jones futures were little changed ahead of Tuesday’s open, with a busy week of earnings results ahead that includes tech titans Google-parent Alphabet (GOOGL), Amazon (AMZN), Facebook-owner Meta Platforms (META) and Microsoft (MSFT). Late […]

Bankruptcy

US Debt: Visualizing The $31.4 Trillion Owed In 2023

April 22, 2023 Mariel Alumit

Can you picture what $31.4 trillion looks like? The enormity of U.S. government debt is hard for the average person to wrap their head around. For instance, compared to the median U.S. mortgage, the current […]

Bankruptcy

Fiscal Insanity: The Government Borrows $6 Billion A Day, And We’re Stuck With The Bill

April 13, 2023 Mariel Alumit

Authored by John & Nisha Whitehead via The Rutherford Institute, We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government–and that […]

Price
Bankruptcy

10 Banks’ Profit Is About To Completely Fall Apart, Analysts Warn

April 11, 2023 Mariel Alumit

Just when you thought the banking crisis was over — you’d better brace for an onslaught of big drops in bank profit. Hopefully you aren’t caught flat-footed. Analysts are predicting massive 30% or greater declines […]

More Bank Failures If Congress & Biden Can’t Cut A Debt Deal.
Bankruptcy

More Bank Failures If Congress & Biden Can’t Cut A Debt Deal.

April 8, 2023 Mariel Alumit

Silicon Valley Bank customers listen as FDIC representatives, left, speak with them before the … [+] opening of a branch SVBs headquarters in Santa Clara, California, on March 13, 2023. (Photo by NOAH BERGER / AFP) (Photo […]

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