Silvergate Capital (SI (opens in new tab)) tumbled Thursday after the financial firm said it will shut down operations and liquidate assets at its crypto-friendly subsidiary, Silvergate Bank. The decision, which was made voluntarily, was announced on Wednesday, March 8, with SI citing “recent industry and regulatory developments.” The firm added that all deposits will… Continue reading Silvergate Stock Sinks on Liquidation News
5 Stocks to Sell or Avoid Now
Sell calls are pretty rare on Wall Street, so when analysts collectively give any name a thumbs down it’s probably wise to toss it in the stocks to sell – or at least avoid – pile. Fortunately, as noted, such stocks are indeed unusual. To get a sense of just how reluctant industry analysts are… Continue reading 5 Stocks to Sell or Avoid Now
Five Ways to Invest in Water
Now and in the coming years may be a good time to invest in water. About 2 billion people worldwide don’t have safe drinking water, and the United Nations (opens in new tab) expects that number to increase due to population growth and climate change. Lack of water will contribute to other challenges, such as… Continue reading Five Ways to Invest in Water
Dow falls 543 points as US stocks slide ahead of important February jobs report
Jennifer Sor Bryan R Smith/Reuters US stocks sank on Thursday as investors brace for Friday’s key February jobs report. Investors are pricing in higher odds that the Fed dials rate hikes back up to 50 basis points later this month. Financial stocks were battered Friday after implosions at Silicon Valley Bank and Silvergate Capital. Loading… Continue reading Dow falls 543 points as US stocks slide ahead of important February jobs report
Bank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send ‘shock waves’ through the sector
Bank stocks plunged on Thursday as investors assessed the potential fallout from the implosions of Silicon Valley Bank and Silvergate Capital.SVB Financial surprised investors with lowered guidance, a $2.3 billion capital raise, and a massive $1.8 billion loss from its bond portfolio.”This is sending shock waves through the financials with the regional bank ETF lower… Continue reading Bank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send ‘shock waves’ through the sector
Bitcoin and ether slide as industry woes spark liquidation of crypto bank Silvergate
Bitcoin and other crypto assets fell Thursday following a decision by Silvergate Bank’s to liquidate. Bitcoin fell by more than 2% as Silvergate shares plunged by more than 40% at intraday lows. Coinbase, Signature Bank, and Metropolitan Bank Co. shares were also lower. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Bitcoin and ether slide as industry woes spark liquidation of crypto bank Silvergate
Mark Mobius says most of his investments are in Taiwan after complaining he can’t get his money out of China
Mark Mobius is betting big on Taiwan, after warning against putting money into China. “Taiwan is now our largest allocation,” the billionaire investor told Bloomberg TV. Mobius’ focus on Taiwan is spurred by his bullish outlook on the semiconductor industry. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Mark Mobius says most of his investments are in Taiwan after complaining he can’t get his money out of China
Blame Silvergate’s collapse on risky crypto, Elizabeth Warren says – but others slam ‘arsonist and firefighter’ crackdowns. 10 top experts on what pushed the bank to fail.
Mainstream bank Silvergate, once a go-to for big crypto firms, will close down after troubles mounted. Debate is raging over whether a volatile crypto sector or traditional banking risks are to blame. Here’s what Elizabeth Warren, Mike Novogratz, Binance boss CZ and 7 other top voices had to say. Loading Something is loading. Thanks for… Continue reading Blame Silvergate’s collapse on risky crypto, Elizabeth Warren says – but others slam ‘arsonist and firefighter’ crackdowns. 10 top experts on what pushed the bank to fail.
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