Half of the companies in the U.S. devoted to climate change and biotech banked with the now-failed Silicon Valley Bank (SVB), leaving many of those companies looking for financial backers willing to take on the […]
The collapse of Silicon Valley Bank (SVB) and the wider crisis that ensued has once again made clear that banking is a confidence game. Once that confidence is rattled and customers lose faith in a bank or the entire […]
Dow Jones futures were little changed ahead of Tuesday’s open, as JPMorgan Chase (JPM) and other big banks made new efforts to stabilize troubled First Republic Bank (FRC). FRC stock crashed 47% Monday, hitting a […]
Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. Global benchmark Brent also dropped below $71 […]
Gold prices backed off from the key $2,000 level on Monday as investors assess the health of the global banking sector, even as increasing bets of a Federal Reserve rate pause kept bullion near a […]
Dow Jones futures edged higher Monday morning, along with S&P 500 futures and Nasdaq futures. UBS agreed to buy Credit Suisse on Sunday, with the Swiss government offering loss guarantees and hefty liquidity assistance. The […]
By Peter Tchir of Academy Securities If the morning headlines are any indication, it is going to take a lot of coffee to make it through a long day at the end of a long […]
By Eric Peters, CIO of One River Asset Management “What is our total exposure?” I had asked our COO as the Silicon Valley Bank run was intensifying, two Thursdays ago. All our client money is […]
Daily Standup Top Stories How does Norway export its natural gas? But more importantly; to who? March 18, 2023 Allen Santos OSLO, March 17 (Reuters) – Norway exported more than 120 billion cubic metres (bcm) of […]
Dow Jones futures were little changed early Friday, along with S&P 500 futures and Nasdaq futures. FedEx (FDX) reported earnings late Thursday, signaling an FDX stock breakout. The stock market rally attempt had a strong […]
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