[#item_full_content]The annual inflation rate continues to cool gradually, according to the February inflation report issued Tuesday.…
Category: Finance
Financial Health, Fintech, Investment, Payments
Credit Suisse shares sink as ‘material weaknesses’ found in financial reporting
[#item_full_content]Credit Suisse said its net asset outflows had “not yet reversed,” and that “material weaknesses” were…
Stocks making the biggest moves midday: BuzzFeed, First Republic, Meta and more
[#item_full_content]Regional bank stocks rebounded sharply on Tuesday after being hit hard on Friday and Monday.
SEC and Justice Department reportedly investigating SVB’s collapse, including insider stock sales
[#item_full_content]The probes are looking into the stock sales that SVB executives’ conducted ahead of the tech-focused…
First Republic shares jump 50% as regional banks rebound sharply from Monday’s sell-off
[#item_full_content]Regional bank stocks rebounded on Tuesday as investors digested the fall-out from the collapse of Silicon…
Here’s the inflation breakdown for February — in one chart
[#item_full_content]The annual inflation rate continues to cool gradually, according to the February inflation report issued Tuesday.…
Upduo Secures $4 Million in Seed to Help Teams Leverage Peer-to-peer Learning
[#item_full_content]SAN FRANCISCO–(BUSINESS WIRE)–Upduo secures $4 million in seed funding to help teams leverage peer-to-peer learning.
Ron Baron bought Charles Schwab shares during Monday’s double-digit sell-off
[#item_full_content]The 79-year-old investor said he “modestly increased” his position in the financial name, seeing Monday’s pullback…
Stocks making the biggest moves premarket: First Republic, Western Alliance, Uber, Lyft and more
[#item_full_content]First Republic led a rebound in regional bank stocks. Uber and Lyft got a boost from…
Credit Suisse shares sink 5% as ‘material weaknesses’ found in financial reporting
[#item_full_content]Credit Suisse said its net asset outflows had “not yet reversed,” and that “material weaknesses” were…
First Republic shares jump 20% as regional banks try to rebound from Monday’s sell-off
[#item_full_content]The stock traded 20% higher in the premarket and was one of the best-performing names in…
As global stocks fall, Asia-Pacific’s benchmark index erases all of its gains for 2023
[#item_full_content]Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks…
SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say
[#item_full_content]Industry experts are optimistic that fundraising for Southeast Asian tech startups will keep flowing and won’t…
Silicon Valley Bank collapse hits startups as far away as China
[#item_full_content]The Silicon Valley Bank fallout has ripple effects on Chinese startups.
Regional bank stock plunge creating key entry point for investors, top analyst says
[#item_full_content]”We have definitely slipped on a banana peel as it pertains to this deposit worry and…
‘Stress like 1987’: Evercore’s Julian Emanuel warns Silicon Valley Bank fallout could force new market low
[#item_full_content]The 2-year Treasury yield to doing something that hasn’t happened since 1987 due to the Silicon…
Charles Schwab shares drop 12% even as the firm defends financial position
[#item_full_content]Schwab defended its financial position, reiterating that it has plenty of access to liquidity and a…
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
[#item_full_content]The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.
Something broke, but the Fed is still expected to go through with rate hikes
[#item_full_content]Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that…
Jeffrey Gundlach says Fed will hike funds rate next week to save credibility — but shouldn’t
[#item_full_content]While Gundlach sees more tightening ahead, he doesn’t think that’s the appropriate response right now as…