Greg Becker, chief executive of SVB, tried to reassure venture capitalists and other clients in the tech sector.Photo: Lauren Justice/Bloomberg News Investors dumped shares of SVB Financial Group and a swath of U.S. banks after the tech-focused lender said it lost nearly $2 billion selling assets
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S&P Futures 3,890.00 -30.00(-0.77%) Dow Futures 32,025.00 -234.00(-0.73%) Nasdaq Futures 11,934.25 -73.00(-0.61%) Russell 2000 Futures 1,810.40 -16.80(-0.92%) Crude Oil 75.09 -0.63(-0.83%) Gold 1,833.10 -1.50(-0.08%) Silver 19.98 -0.19(-0.92%) EUR/USD 1.0599 +0.0012(+0.12%) 10-Yr Bond 3.9250 -0.0510(-1.28%) Vix 22.61 +3.50(+18.32%) GBP/USD 1.1926 +0.0003(+0.03%) USD/JPY 136.6670 +0.5050(+0.37%) Bitcoin USD 19,937.93 -1,811.26(-8.33%) CMC Crypto 200 454.24 -41.01(-8.28%) FTSE 100 7,879.98 -49.94(-0.63%) Nikkei 225 28,171.02 -452.13(-1.58%) Advertisement
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes,” Warren Buffett once wrote wrote in a letter to shareholders. Great
SVB Financial Group SIVB, -60.41% fell more than 22% in the extended session Thursday as reports surfaced that several funds are advising clients to pull
As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions. Below is a screen of banks that are bucking the industry
Sometimes I think it would be nice to be a finance professor. They’re allowed to, even encouraged to, have poor theories about investing. Then, when some piece of data contradicts the theory, they call it an anomaly and no one bats an eye. From a practical perspective, we
In this article CVXOXYHESPXDPBFS Follow your favorite stocksCREATE FREE ACCOUNT While oil production in the U.S. will continue its return towards pre-Covid levels, limits on refining capacity and inventory mean it will not grow as much as some hope, according to Pioneer Natural Resources CEO Scott Sheffield. "We just
Sinem Buber is a labor economist at ZipRecruiter. She's reviewed the data on how lack of affordable care options is affecting the U.S. labor force. She's seen 1.2 million fewer women show up in the workforce data since the pandemic started, in part due to
More consumers are leaning on credit cards to afford increasingly expensive necessities such as food and rent. That helped propel total credit card debt to a record $930.6 billion at the end of 2022, an 18.5% spike from a year earlier, according to the latest quarterly
