Barstool’s Dave Portnoy sounds off on Silicon Valley Bank rescue: ‘That’s not right’
Barstool Sports founder Dave Portnoy criticizes federal regulators for bailing out "bad businesses," claiming that nobody rescues him when he runs out of money.
Dave Portnoy: 'It really does bother me' to see 'bad businesses' get rescued
Barstool Sports founder Dave Portnoy says banks shouldn't be rescued for doing 'bad business,' and discusses sports industry hot topics.
Certain sectors in commercial real estate are 'vulnerable': Steve Witkoff
Witkoff Group Chairman and CEO Steve Witkoff explains how Signature Bank and Silicon Valley Bank’s collapse will impact commercial real estate on ‘Mornings with Maria.’
Michigan Senate votes to repeal right-to-work law
Michigan's Senate approved legislation on Tuesday to repeal the state's right-to-work law. The senators approved the repeal on a 20-17 vote and sent it back to the House.
Diamond Sports files for bankruptcy with $8B in debt
Sinclair Broadcast Group Inc.'s regional sports business Diamond Sports Group filed for bankruptcy after being unable to service debt. The filing comes three years after a 2019 deal to purchase the business from Walt Disney Co.
SVB venture capitalists ‘shamelessly fearmongered’ to get a bailout: Vivek Ramaswamy
Republican presidential candidate Vivek Ramaswamy joined ‘The Bottom Line’ to analyze the downfall of Silicon Valley Bank and its impact on the economy.
'Shark Tank' star Kevin O'Leary bashes SVB bailout, moves assets out of banks
Celebrity investor Kevin O'Leary claims federal regulators should have let Silicon Valley Bank fail rather than "panic" and change policy for the entire banking system.
Apple will reportedly postpone some bonuses until later in the year
Certain corporate Apple employees will have their upcoming bonuses postponed until later in the year, Bloomberg reported on Tuesday. The tech giant is reportedly curbing some hiring as well.
Biden formally submits Julie Su's nomination for labor secretary to the Senate
President Biden formally sent Julie Su's nomination to be the next secretary of labor to the senate on Tuesday, the White House announced.
Liz Peek: ‘Where were the regulators?’
Fox News contributor Liz Peek unpacks how economic policies under President Biden triggered the Silicon Valley Bank collapse on ‘Kudlow.’
Andy Puzder: The US government should ‘sell the bank as soon as they can’
Former CKE Restaurants CEO Andy Puzder blames Silicon Valley Bank’s collapse on Biden’s economic policy on ‘Kudlow.’
Editor's Note
Editor's Note:
KPMG's Diane Swonk: If Fed pauses, it will be a hawkish pause
KPMG chief economist Diane Swonk and Morgan Stanley SVP Jim Lacamp discuss whether the Silicon Valley Bank collapse changes the calculus of the Fed's interest rate path on 'The Claman Countdown.'
AMC secures shareholder approval to sell more stock
AMC Entertainment shareholders approved a 10-for-1 reverse stock split and a plan to convert APE units into common shares.
Silicon Valley Bank has become the 'poster boy for idiot management': Kevin O'Leary
O'Leary Ventures Chairman Kevin O'Leary raises moral hazards and 'unintended consequences' from regulators' bailout of Silicon Valley Bank.
Tyson to close 2 chicken plants, cutting 1,700 jobs
Tyson Foods is shutting down two poultry processing plants in Van Buren, Ark. and Glen Allen, Va. and laying off 1,700 workers as the largest U.S. chicken producer seeks to improve operations.
Meta to lay off 10,000 employees in latest round of job cuts
Meta CEO Mark Zuckerberg announced that the company will let go of another 10,000 employees as it works to become more efficient in the current economic environment.
US banks should prepare for 'series of major regulations': Dick Bove
Odeon Capital Group chief financial strategist Dick Bove argues the most important regulation coming will be for common equities, similar to the 2008 crisis.
After SVB, regulators should 'get rid of' risk-rated capital system: Thomas Hoenig
Mercatus Center distinguished senior fellow and former FDIC Vice Chair Thomas Hoenig argues Silicon Valley Bank's collapse confirms that 'interest rates matter.'
Investor who called Lehman collapse predicts the next big bank failure
Robert Kiyosaki, who originally forecasted the Lehman 2008 crisis, predicts the next bank to collapse in the Silicon Valley Bank contagion will be Credit Suisse.