The largest banks in the United States have moved to shore up First Republic Bank in an effort to ease fears that the regional lender could be the next domino to fall after the second-largest […]
Daily Standup Top Stories Biden’s 30% Crypto Electricity Tax May Be Too Blunt A Solution CRYPTO March 15, 2023 In his latest budget for Fiscal Year 2024, President Biden has proposed a new tax on electricity use […]
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. The stock market rally attempt had another wild session, with the major indexes initially tumbling but coming well off […]
Stock market indexes headed sharply lower in the first half of Wednesday’s session, sending bottom-fishers back to their caves after Tuesday’s short-covering rally. Big Tech outperformed in a “not a bank” bid, leading a late […]
Front-month gas futures for April delivery dropped for a second-straight session, slipping 14.5 cents, or 5.6%, to $2.428 per million British thermal units at 10:42 am EDT (1442 GMT). “Concerns about the banking sector and […]
The United States government launched emergency measures at the weekend to shore up confidence in the banking system after the failure of Silicon Valley Bank (SVB), the largest bank collapse since the 2008 financial crisis. […]
Instead of spending taxpayer dollars to nationalize Silicon Valley Bank, a private buyer favored by the Treasury and the Federal Reserve had emerged, only to be nixed by FDIC Chairman Martin Gruenberg, according to the […]
Stock market indexes fought back from session lows and closed mixed Monday, as investors tried to figure out if some good will come out of the stock market’s nervous moment. The Nasdaq and S&P 500 […]
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 […]
Silver prices surged on Monday as its safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank. The metal advanced 6.3% to $21.81 per ounce during the morning session. “A lot […]
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