New Jersey Gov. Phil Murphy talks Silicon Valley Bank collapse on Face The Nation
Murphy says he is concerned, but not panicked about the collapse.
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Business InsiderBrace for the S&P 500 to plunge 50% and a painful recession to strike as the 'everything bubble' bursts, elite investor Jeremy Grantham warns
Jeremy Grantham expects the historic bubble in stocks, bonds, and house prices to end with an epic crash and an economic catastrophe.
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Used car dealership that closed suddenly files for bankruptcy
A used car dealership that recently closed suddenly has now filed for bankruptcy.
- Motley Fool
Rivian Could Be on the Brink of a Huge Rally: Why It's a Buy Now
While still losing loads of money, this year's planned production scale-up will solve much of that problem.
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Here’s How Much Money Experts Say You Should Have in Your Savings Account If You’re in Your 50s
Much has been written about decade-based retirement savings targets. T. Rowe Price, for example, recommends having three to six times your annual salary socked away for retirement by the time you turn...
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George Soros and Steve Cohen Have One Thing in Common: They Both Bet on These 2 Stocks
In this uncertain market environment, the educated investor would do well to seek out some signal that can cut through the noise and indicate the sound stock purchase choices. Following the legendary investors, the traders who build multi-billion dollar fortunes on the stock market trading scene, is a popular strategy – and when two of those investing legends agree… well, there’s a stock that should definitely get a second look. George Soros and Steve Cohen have both built fortunes, for themselv
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GE Is Splitting in Two. Here’s What the Parts Are Worth.
Wolfe Research analyst Nigel Coe took a look at what GE Aerospace and GE Vernova will be worth on a stand-alone basis. GE Vernova, GE's power generation businesses, are due to be spun out in early 2024.
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Are My Medicare Premiums Tax Deductible?
If you're nearing the age for Medicare eligibility, there are some things you should know about Medicare. One of those things is whether Medicare premiums are tax-deductible. You want to ensure you file your taxes correctly, but you also want … Continue reading → The post Are Medicare Premiums Tax Deductible? appeared first on SmartAsset Blog.
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Stimulus Checks: Mark These Dates on Your Calendar Now
Americans across the board are feeling the adverse side effects of inflation, with many of them slumping deeper into debt as a result. To help see taxpayers through these tough times, some states are...
- Fox Business
Fed rate hikes will trigger a downturn of greater 'speed and magnitude' than the Great Recession: Economist
The market's bubble has now "burst," and will impact "everything everywhere all at once" in the U.S. economy, economists Stephanie Pomboy and Art Laffer argue.
- TheStreet.com
'Big Short' Michael Burry Sounds the Alarm on U.S. Banks
The legendary investor published a chart which quantifies the uninsured clients and unrealized capital losses for major regional banks.
- The Telegraph
Inflation jumps unexpectedly as food shortages bite
Britain’s vegetable shortage caused inflation to rise unexpectedly last month, increasing pressure on the Bank of England to raise interest rates this week.
- Reuters
First Republic shares fall as Yellen says not considering 'blanket insurance' on bank deposits
A "bull case" scenario for the shares of beleaguered First Republic Bank as it considers its options became more difficult on Wednesday after Treasury Secretary Janet Yellen said there is no discussion on insurance for all bank deposits without approval from the U.S. Congress. First Republic, whose shares have lost much of their value since the banking crisis started in the U.S. on March 8, is among banks speaking to peers and investment firms about potential deals in the wake of U.S. regulators' taking over Silicon Valley Bank and Signature Bank following bank runs. Morgan Stanley analyst Manan Gosalia, in a report earlier this week, set a target price of $54 for First Republic shares in a best-case scenario.
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UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT
UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse's investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
The iconic money manager with a penchant for aggressive growth is beating the market in 2023. She could be ready to party like it's 2020 again.
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Here's the Number Medical Properties Trust Investors Should Watch Like a Hawk
Here's another number that Medical Properties Trust investors should watch like a hawk. As of Feb. 28, 2023, nearly 26.2% of Medical Properties Trust's stock float was sold short. Mainly because it could set the stage for a short squeeze.
- Motley Fool
This Stock Could Soar by 173%, According to Wall Street
It's been a bumpy and volatile ride for the cannabis industry over the past couple of years, and even many of the leaders in the market haven't escaped the bloodbath. Trulieve Cannabis' gross margin came in at 55% for the year, which, although still very respectable, is lower than the 61% it had in 2021.
- TheStreet.com
Billionaire Richard Branson's Space Business Just Found a Game-Changer
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- USA TODAY
Close to 190 banks could face Silicon Valley Bank's fate, according to a new study
The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
- Motley Fool
$10,000 Invested In These Growth Stocks Could Make You a Fortune Over the Next 10 Years
Now is a great time to start building a portfolio of growth stocks to simply hold on to for the next decade. Three industry-leading companies that I think will continue their growth trends are Spotify (NYSE: SPOT), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Topgolf Callaway (NYSE: MODG). No company has been more critical in the recovery of the music business than Spotify.