Crypto just lost 3 of its most important banking partners in a week. Here’s what experts say the impact will be on the industry.

Insider asked crypto execs and experts where the industry will go after critical partners failed.  Markets are at risk of more volatility and less liquidity in the near term, one cofounder said.  Others see a bull case for decentralized finance and parking assets in non-custodial wallets. Loading Something is loading. Thanks for signing up! Access… Continue reading Crypto just lost 3 of its most important banking partners in a week. Here’s what experts say the impact will be on the industry.

Sell any rally in the stock market as fallout from Silicon Valley Bank’s failure isn’t over after government intervention, Morgan Stanley’s chief stock strategist says

Sell bounces in the stock market as the impact of SVB’s failure plays out, said Morgan Stanley.  The government’s assurance to depositors eases contagion fears, but earnings are under pressure.  “We suggest selling any bounces  … until we make new bear market lows, at a minimum,” said CIO Mike Wilson.  Loading Something is loading. Thanks… Continue reading Sell any rally in the stock market as fallout from Silicon Valley Bank’s failure isn’t over after government intervention, Morgan Stanley’s chief stock strategist says

‘Our profit doesn’t go to me’: Loblaw’s Galen Weston faces his critics during surreal visit to Parliament Hill

Loblaw, Empire and Metro defend themselves against allegations of profiteering in the grocery business Published Mar 08, 2023  •  Last updated 3 days ago  •  7 minute read 94 Comments Chairman and president of Loblaw Cos. Ltd. Galen Weston Jr., right, and president and chief executive of Empire Co. Ltd. Michael Medline appear before a committee… Continue reading ‘Our profit doesn’t go to me’: Loblaw’s Galen Weston faces his critics during surreal visit to Parliament Hill

Adidas stock price faces these 6 threats with Yeezy split set to wipe out $1.3 billion in earnings

Adidas’ share price could be under threat after the sportswear giant ended its Yeezy partnership. The company warned last month that it faces a $1.3 billion earnings wipeout after cutting ties with Ye. It’s also been battered by declining sales in China and Nike’s recent surge. Loading Something is loading. Thanks for signing up! Access… Continue reading Adidas stock price faces these 6 threats with Yeezy split set to wipe out $1.3 billion in earnings

The rally in tech is set to fade after a red-hot start to 2023, but investors should keep an eye on one key industry, analysts say

The tech sector after last year’s bear-market plunge is the best performing in the S&P 500 this year.  Analysts tell Insider the broader sector is too expensive even with pullbacks, as the market faces more rate hikes.  But for investors still eager to get exposure to the sector, look at software, analysts say.  Loading Something… Continue reading The rally in tech is set to fade after a red-hot start to 2023, but investors should keep an eye on one key industry, analysts say

SVB’s collapse is what happens when an ‘everything bubble’ finally bursts

The collapse of Silicon Valley Bank is a result of a massive market bubble finally popping.  Wall Street commentators agree the Fed has had a hand in the chaos via its aggressive rate hikes.  “It is not a stretch to say that this episode is emblematic of the higher-for-longer rate regime,” Deutsche Bank analysts said.… Continue reading SVB’s collapse is what happens when an ‘everything bubble’ finally bursts

GOLDMAN SACHS: Here are the 12 best growth stocks among financials as the turmoil surrounding Silicon Valley Bank and Silvergate rocks the sector

Investors are fleeing bank stocks after the quick failure of Silicon Valley lender SVB Financial. So far, experts say its faults shouldn’t harm the rest of the US financial system. Goldman Sachs is pointing traders to the highest-growth stocks in the new-look financial sector. US financial stocks were walloped this week after the back-to-back failures… Continue reading GOLDMAN SACHS: Here are the 12 best growth stocks among financials as the turmoil surrounding Silicon Valley Bank and Silvergate rocks the sector

Silicon Valley Bank imploded in a single day. It could be just the tip of the iceberg.

The Federal Reserve’s prolonged period of low interest rates created many financial dislocations that are now flaring up.Case in point: Silicon Valley Bank imploded in a single day after surging interest rates caused it to sell a bond portfolio at a huge loss.The situation is an example of how low-interest-rate risk-taking can backfire as financial… Continue reading Silicon Valley Bank imploded in a single day. It could be just the tip of the iceberg.