Investing

Stocks opened lower Monday as investors caught up on this weekend’s onslaught of concerning headlines.  After closing down Silicon Valley Bank – a regional lender owned by SVB Financial Group (SIVB (opens in new tab)) – Friday, regulators over the weekend pulled the plug on Signature Bank (SBNY (opens in new tab)), a New York-based… Continue reading Stock Market Today: Nasdaq Gains as Treasury Yields Collapse

The banking sector remained in focus Monday after regulators swooped in over the weekend to avert a contagion crisis following Friday’s news that Silicon Valley Bank, which services many large technology companies, start-ups and venture capitalists, collapsed. The regional bank owned by SVB Financial Group (SIVB (opens in new tab)) was closed last week by… Continue reading Silicon Valley Bank, Signature Bank Failures Send Bank Stocks Reeling

Stocks spent the early part of Friday morning chopping between positive and negative territory as investors dissected the February jobs report. However, chaos erupted on Wall Street after regulators shut down Silicon Valley Bank, a regional financial firm that services many of the largest tech companies. What resulted were big losses for the major indexes… Continue reading Stock Market Today: Silicon Valley Bank Failure Sinks Stocks

Shares of SVB Financial Group (SIVB (opens in new tab)) were halted earlier after the financial firm’s subsidiary, Silicon Valley Bank, was closed today by the California Department of Financial Protection and Innovation.   The regulatory agency named the Federal Deposit Insurance Corporation (FDIC) as the receiver of the regional bank, which services many of… Continue reading Silicon Valley Bank Failure Sparks Selloff in Bank Stocks

An Oklahoma recreational weed bill failed to pass in the Sooner State this week, as Republican lawmakers in Oklahoma continue spreading Drug War-era rhetoric.  Since 2018, when Oklahoma voted in the legalization of medical cannabis, the state has amassed over 2,800 dispensaries, and roughly 10% of the state’s adult population currently holds a medical license… Continue reading Oklahoma Recreational Weed Bill Fails: This Week in Cannabis Investing

Stocks opened higher Thursday after data from the Labor Department showed that weekly jobless claims rose last week. Earlier this week, Federal Reserve Chair Jerome Powell warned that the central bank is prepared to issue more rate hikes should economic data continue to come in strong.  But the enthusiasm was short-lived, with the major benchmarks… Continue reading Stock Market Today: Stocks Sink Ahead of February Jobs Report

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

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