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 […]
JUNEAU, Alaska (AP) — The Biden administration is approving a major oil project on Alaska’s petroleum-rich North Slope that supporters say represents an economic lifeline for Indigenous communities in the region but environmentalists say is […]
Gold prices surged on Monday as the metal’s safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the US Federal Reserve would have to […]
The United States government has announced it will guarantee deposits at failed Silicon Valley Bank (SVB), as financial regulators rush to alleviate fears the tech-focused lender’s collapse could set off a broader financial crisis. In […]
Earlier we said that the Fed/Treasury’s new alphabet soup bailout facility, the BTFP, stands for Buy The Fucking Pivot as it confirms what we have been saying for months: it’s just a matter of time […]
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