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 […]
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 […]
Authored by Michael Hudson, The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse of supporting shelving is […]
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