Short seller accuses Jack Dorsey's Block of facilitating fraud
Following a two-year investigation, Hindenburg Research claims Block Inc. has taken advantage of the demographics by overstating its user numbers and understatong its customer acquisition costs.
Coinbase shares extend losses after crypto exchange explains SEC probe
Shares for the crypto exchange platform Coinbase are down on Wall Street despite the company’s explanation of the Securities and Exchange Commission’s (SEC) alleged violations of federal securities laws related to the company’s staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.
PacWest shares sink despite liquidity lift
Shares are down for PacWest after subsidiary Pacific Western Bank said deposits are stable after receiving 1.4 billion from investment firm Atlas SP Partners.
A tick-tock of the US banking crisis
The Federal Reserve’s interest rate hike strategy has inadvertently caused a banking crisis as elevated interest rates slow bank loans.
Gold rush still on for 2023, precious metals outperforming market last 6 months
Amid inflationary pressures and a weakened U.S. dollar, experts predict Wall Street will gravitate towards material wealth in precious metals like gold and silver, sending both to record highs in 2023.
Manchin rips Biden administration's 'radical policy agenda' after 'absolutely infuriating' ESG veto
West Virginia Sen. Joe Manchin condemned President Biden's administration after the president vetoed a resolution that would nullify the Department of Labor's proposed rule on ESG standards.
New York Community Bankcorp shares soar on Signature deal
New York Community Bank shares are up on Monday after the company announced it would purchase financial and strategic complimentary assets from Signature Bridge Bank for roughly $38 billion.
Pennsylvania 6th graders 'given $1M' to 'invest' in stocks
A group of 60 sixth-grade students at Shaler Area Elementary School in Glenshaw, Pennsylvania, are investing $1 million in fictitious money into the stock market for a special project.
Federal Reserve sounded alarm about Silicon Valley Bank's risk management in 2019: report
The Federal Reserve reportedly issued multiple warning about Silicon Valley Bank's risk management starting at least four years before the bank's implosion.
Musk responds to $100B credit line in $2B UBS-Credit Suisse deal: 'Wow'
Twitter CEO Elon Musk responded to the news that UBS would get a $100 billion credit line in the buyout of Credit Suisse for $2 billion, with one word: wow.
UBS closing in on deal to take over struggling Credit Suisse bank: report
The Wall Street Journal reported Saturday that UBS is nearing a deal to acquire Credit Suisse in a deal to save the bank amid a global banking crisis.
ECB backs rate hike despite banking sector chaos
The European Central Bank announced another big spike in interest rates as the global banking sector reels from SVB, Credit Suisse and potential bank collapses.
SVB, Signature Bank donated primarily to Democrats in the past two election cycles before bank collapse
Silicon Valley Bank and Signature Bank donated primarily to Democrat candidates and groups over the past few years leading to their closure.
Food, rent and energy prices remain high in February inflation breakdown
Inflation fell but remained persistently high in February, squeezing Americans in the form of higher prices for basic necessities like groceries and rent.
Silicon Valley Bank collapse would have been 'prevented' if not for Trump deregulation, Senate Democrat says
The leading Democrat on the congressional Joint Economic Committee blamed regulatory rollback under former President Donald Trump for Silicon Valley Bank's collapse.
Silicon Valley Bank committed 'one of the most elementary errors in banking,' Larry Summers says
Former Treasury Secretary Larry Summers said Silicon Valley Bank made an "elementary" mistake in banking that led to its collapse and takeover by federal regulators.
Silicon Valley Bank collapse: Here's who benefited from their executive, PAC donations
Executives at Silicon Valley Bank, which failed on Friday, have primarily donated to Democrat politicians, filings show. Its PAC has also sent thousands to mainly Democrats.
Silicon Valley Bank: Fed says Vice Chair for Supervision to review what led to collapse
The Federal Reserve Board says Vice Chair for Supervision Michael S. Barr will lead a review of the supervision and regulation of Silicon Valley Bank.
Silicon Valley Bank collapse: GOP's Vivek Ramaswamy says more regulation would encourage ‘crony capitalism’
Republican 2024 presidential contender Vivek Ramaswamy believes that more regulation of the financial industry in the wake of the Silicon Valley Bank would encourage crony capitalism.
Signature Bank shut down in connection with Silicon Valley Bank collapse
Federal regulators said Sunday Signature Bank has been shuttered, marking the second massive bank failure after the collapse of Silicon Valley Bank last week.