Bank Stocks Fall on Credit Suisse, Adding to $1 Trillion Wipeout
NNA – Bank stocks slumped on Monday (Mar 20) as investors reeled from the historic takeover of Credit Suisse that will wipe out a class of bondholders, adding to this…
US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.
American flag over US money STILLFX/Getty Images The US government shut down Signature Bank on Sunday. On Friday, regulators closed Silicon Valley Bank, sparking panic among startups and VCs. Both…
Artificial intelligence is on the brink of an ‘iPhone moment’ and can boost the world economy by $15.7 trillion in 7 years, Bank of America says
AI is on the brink of an "iPhone moment," according to Bank of America. imaginima/Getty Images Bank of America strategists predicted artificial intelligence will revolutionize everything as it teeters on…
Retail investors will drive the stock market higher in 2023 as they start to invest their $1.8 trillion cash pile, Fundstrat says
Tom Lee was formerly JPMorgan's chief equity strategist. Brendan McDermid/Reuters Retail investors could power the stock market higher this year after they "rage sold" stocks in 2022, according to Fundstrat."Retail…
Bitcoin, ether slip as crypto rally falters after regaining $1 trillion market cap
Bitcoin and Dogecoin cryptocurrencies. Jakub Porzycki/NurPhoto via Getty Images Bitcoin and other cryptocurrencies lost ground Wednesday following a recent rally. Bitcoin in January has been in recovery mode after tumbling…
Trump is demanding that McConnell and Republican senators who passed a $1.7 trillion spending bill be primary
WhatsNew2Day - Latest News And Breaking Headlines Trump is demanding PRIMARIES be given to Mitch McConnell and Republican senators who passed a $1.7 trillion spending bill to oust them from…
House passes $1.7 trillion spending bill with Ukraine aid
By KEVIN FREKING (Associated Press) WASHINGTON (AP) — A $1.7 trillion bill to fund federal agencies through September and provide more aid to a devastated Ukraine passed the House Friday…
These 20 execs are powering the $1.2 trillion private-credit market
TGIF! It's Dan DeFrancesco checking in from NYC. Today we've got stories on dueling holiday videos from rival investment firms, the tech companies PE firms might be on the hunt for…
Amazon has made history as the first public company ever to lose $1 trillion in market value, as the tech selloff worsens
Amazon's share price has almost halved so far this year. Mike Segar/Reuters Amazon has become the first public company ever to lose $1 trillion in market value, per Bloomberg. Its…
Chinese leader Xi Jinping’s power grab fueled a $6 trillion stock selloff and the yuan’s decline. These 4 charts capture the market meltdown.
President Xi Jinping's successful consolidation of power rattled markets. Tingshu Wang/Reuters China's President Xi Jinping has tightened his grip on power — and that has rocked markets. Investors dumped Chinese…