Binance is being blow-torched from all angles as US regulators close in on the world’s largest crypto exchange. The SEC thinks it’s operating unregistered securities, whilst some reports suggest Binance has engaged in secret fund transfers. Here’s what’s happening with Binance, and where the company is under pressure. Loading Something is loading. Thanks for signing… Continue reading Binance battles ‘FTX redux’ fears as US regulators blow-torch the crypto behemoth – but analysts think it will weather the storm
Investors are still worried about a run on deposits of some ailing banks while massive lifelines buy more time
Shares of First Republic and Credit Suisse continued to sell off despite massive lifelines. While tens of billions of dollars bought some time, there are still doubts that depositors will stay. “Once it’s perceived that there’s an unraveling going on — yeah, people take their money.” Loading Something is loading. Thanks for signing up! Access… Continue reading Investors are still worried about a run on deposits of some ailing banks while massive lifelines buy more time
10 stocks that are gaining market share for their disruptive innovations like AI, according to a portfolio manager
Mobile phones and cloud services make up the infrastructure for disruption, says Jason Tauber. Investing in disruptive technology is like future-proofing your asset allocation, he added. Investors should be ready for volatility and be able to hold for at least three to five years. Artificial intelligence has dominated the conversation when it comes to new… Continue reading 10 stocks that are gaining market share for their disruptive innovations like AI, according to a portfolio manager
Here’s what investors can do to protect themselves as banking turmoil continues to ripple through markets, according to Barclays
After SVB’s collapse, fears of a wider financial crisis stoked a sell-off in regional bank stocks. Barclays said defensive sectors helped mitigate losses and recommended investors stay with cash. “Like many of our clients, we found ourselves sitting on the wrong side of the Banks trade this week.” Loading Something is loading. Thanks for signing… Continue reading Here’s what investors can do to protect themselves as banking turmoil continues to ripple through markets, according to Barclays
Here’s what it was like at the New York Stock Exchange the day Silicon Valley Bank collapsed, according to Wall Street’s most famous trader
Peter Tuchman has been at the New York Stock Exchange for almost 38 years and is the most-photographed trader on Wall Street. Stocks plunged last week on concerns of contagion from the collapse of Silicon Valley Bank. “We’ve never seen the volatility that we’re seeing here. The intraday madness,” Tuchman said. Loading Something is loading.… Continue reading Here’s what it was like at the New York Stock Exchange the day Silicon Valley Bank collapsed, according to Wall Street’s most famous trader
Brace for a ‘crash landing’ as the US economy barrels toward recession, top economist David Rosenberg warns
David Rosenberg has warned the US economy is headed for a “crash landing” or major downturn. The veteran economist cited the Philly Fed’s manufacturing survey, a proven recession indicator. Rosenberg told Insider in February that the S&P 500 could plunge 25% from its current level. Loading Something is loading. Thanks for signing up! Access your… Continue reading Brace for a ‘crash landing’ as the US economy barrels toward recession, top economist David Rosenberg warns
US stocks fall but close mostly higher for the week despite ongoing bank fallout
Matthew Fox Spencer Platt/Getty Images US stocks finished the week mostly higher despite continued fallout from multiple bank failures.Banks borrowed $165 billion from the Federal Reserve’s backstop program to shore up liquidity.But strength in mega-cap tech stocks helped catapult the Nasdaq 100 to its best weekly gain since November. Loading Something is loading. Thanks for… Continue reading US stocks fall but close mostly higher for the week despite ongoing bank fallout
The market is on the verge of a Lehman-style event as the financial world thrashes in the wake of global banking turmoil, veteran trader Art Cashin says
The market may be nearing its Lehman moment yet again, Art Cashin told CNBC. The Wall Street vet said certain investors could use the banking crisis for their own financial gain. Cashin blamed the Fed’s monetary tightening for the fall of a slew of specialist banks. Loading Something is loading. Thanks for signing up! Access… Continue reading The market is on the verge of a Lehman-style event as the financial world thrashes in the wake of global banking turmoil, veteran trader Art Cashin says
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