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
The SVB crisis has opened up a window to buy ‘great banks at a severe discount’ after a panic-induced sell-off, CFRA says
The recent bank chaos has opened the door to buying solid bank stocks at a discount, CFRA said. East West Bancorp and Citizens Financial made its list of stocks investors should look at. Regional banks with strong deposit balances and have high percentages of insured deposits are solid bets. Loading Something is loading. Thanks for… Continue reading The SVB crisis has opened up a window to buy ‘great banks at a severe discount’ after a panic-induced sell-off, CFRA says
US stocks climb as investors shake off bank concerns ahead of new economic data
Matthew Fox Drew Angerer/Getty Images US stocks surged on Wednesday as fears of systemic risk in the US banking system receded.The tech sector led stocks higher as interest rates remained relatively subdued.Investors are awaiting a new set of economic data with jobless claims on Thursday and PCE on Friday. Loading Something is loading. Thanks for… Continue reading US stocks climb as investors shake off bank concerns ahead of new economic data
Tesla has seen $200 billion added to its market cap in 2023, marking the strongest start to the year in its history
Tesla has gained over $200 billion in market value during in the first three months of the year. The EV company’s stock enjoyed its best weekly performance in history in January. Tesla’s strong quarter started on a rally in the tech sector and the company’s cost-saving efforts. Loading Something is loading. Thanks for signing up!… Continue reading Tesla has seen $200 billion added to its market cap in 2023, marking the strongest start to the year in its history
ChatGPT could revolutionize portfolio management but is more of a ‘copilot’ than a ‘prophet’ for investors, study says
ChatGPT can be a helpful assistant in the investment process, a study has found. This means AI could be used as a “copilot” for investors, researchers in South Korea said. However, ChatGPT is not a market predictor and should not be used like a “prophet.” Loading Something is loading. Thanks for signing up! Access your… Continue reading ChatGPT could revolutionize portfolio management but is more of a ‘copilot’ than a ‘prophet’ for investors, study says
Silicon Valley Bank stock just reopened for trading and it’s seeing some wild swings after plunging to as low as a penny
After being halted for more than two weeks, shares of Silicon Valley Bank reopened for trading.The stock fell to as low as a penny on Tuesday, and has since rallied more than 9,000% to nearly a dollar.Silicon Valley Bank trades under the ticker symbol “SIVBQ” and is in the process of being acquired. Loading Something… Continue reading Silicon Valley Bank stock just reopened for trading and it’s seeing some wild swings after plunging to as low as a penny
US stocks fall as rising bond yields pressure tech amid easing banking sector fears
US stocks fall Tuesday, leaving the S&P 500 lower after three days of gains. The 2-year Treasury yield pushed back above 4%, pressuring tech stocks. “I anticipate the need to strengthen capital and liquidity standards for firms over $100 billion,” a top Fed official told senators at a hearing about SVB. Loading Something is loading.… Continue reading US stocks fall as rising bond yields pressure tech amid easing banking sector fears
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