Morgan Chittum Traders on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty Images US stocks marched higher on hopes that global banking turmoil has finally settled. The S&P 500 notched gains on Thursday, hitting a three-week high intraday. Investors are looking toward personal consumption expenditures data on Friday for a gauge on… Continue reading US stocks jump as traders put bank crisis behind them and brace for more inflation data
First Citizens Bank, the buyer of SVB’s assets, is run by a billionaire North Carolina family that’s bought over 20 failed banks since 2008
First Citizens Bank, the company that bought the assets of SVB, is run by a family with a wealth of experience buying failed banks. Forbes looked at the billionaire family that’s guided First Citizens’ purchase of more than 20 small banks since 2008. First Citizens will be among the largest 20 banks in the US… Continue reading First Citizens Bank, the buyer of SVB’s assets, is run by a billionaire North Carolina family that’s bought over 20 failed banks since 2008
The bank failures have opened up Pandora’s box, and the huge hole in banks’ balance sheets isn’t going away, strategist says
The recent banking failures have opened up a Pandora’s box, TD strategist Priya Misra warned. The gaping hole in banks’ balance sheets will remain even as volatility fades, she said. That’s putting the US at greater risk for a downturn, which could weigh on equities. Loading Something is loading. Thanks for signing up! Access your… Continue reading The bank failures have opened up Pandora’s box, and the huge hole in banks’ balance sheets isn’t going away, strategist says
Ray Dalio warns everyone is losing money as the market faces a ‘terrible imbalance’
Investors are losing money as assets acquired on borrowed funds have lost value, Ray Dalio said. The collapse of Silicon Valley Bank is indicative of a global problem, he said this week. “And that is a pervasive situation that exists throughout the economy, the world economy, the US economy.” Loading Something is loading. Thanks for… Continue reading Ray Dalio warns everyone is losing money as the market faces a ‘terrible imbalance’
‘Dr. Doom’ economist Nouriel Roubini says the ‘crypto apocalypse is coming’ as SEC chair Gensler asks for more funding to catch bad actors
Nouriel Roubini says a “crypto apocalypse is coming,” rooting for the downfall of the industry again on Thursday. This time the famed economist is hoping the SEC will help crush the market. Roubini cited a report that the SEC chief wants more funding to stop bad actors. Loading Something is loading. Thanks for signing up!… Continue reading ‘Dr. Doom’ economist Nouriel Roubini says the ‘crypto apocalypse is coming’ as SEC chair Gensler asks for more funding to catch bad actors
Most Canadians are financially vulnerable, index finds
Watch: Financial Resilience Institute CEO Eloise Duncan on the financial health of Canadians Published Mar 28, 2023 • Last updated 1 day ago • < 1 minute read Data show most Canadians are financially vulnerable. Photo by Getty Images/iStockphoto Eloise Duncan, chief executive of Financial Resilience Institute, talks with the Financial Post’s Larysa Harapyn about the… Continue reading Most Canadians are financially vulnerable, index finds
PRICE DROP: Get lifetime access to Microsoft Office 2021 for $54.99
Don’t miss this deal on Microsoft Office’s full suite of applications and tools Published Mar 22, 2023 • Last updated 1 week ago • 1 minute read Microsoft Office tools can make real, meaningful differences for your team or in your office. Photo by Getty Images This article was created by StackCommerce. Postmedia may earn an… Continue reading PRICE DROP: Get lifetime access to Microsoft Office 2021 for $54.99
Stock Market Today: Tech, Bank Stocks Lead Markets Higher
Stocks closed higher Wednesday as growth-oriented names outperformed. Micron Technology (MU (opens in new tab)) was one of the day’s biggest gainers after the memory chipmaker reported earnings and its CEO gave an upbeat outlook for the semiconductor market. Bank stocks helped boost markets, too, as Wall Street cheered news of UBS Group’s (UBS (opens… Continue reading Stock Market Today: Tech, Bank Stocks Lead Markets Higher
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