Silicon Valley Bank shares plunge, Ackman advises government bailout
Silicon Valley Bank is fighting for survival as investors jump ship threatening the future of one of venture capital's most prominent financial firms.
SVB sinks wiping $61B in market value off bank stocks
Silicon Valley Bank lost over half its value after investors bailed on the shares following plans for a large capital raise.
Bitcoin slides on Silvergate fallout
The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.
GM offers buyouts as part of cost reduction plan
Automaker GM will offer buyouts for most of its salaried employees and global executives but said the actions are not job cuts.
Stock trading ban on Congress' radar once again
A renewed bipartisan effort is underway on Capitol Hill to ban lawmaker stock trading after stalling out last year.
Silvergate Capital winding down business; will voluntarily liquidate
Silvergate Bank will be wound-down and liquidated, the California-based Silvergate Capital said Wednesday. Speculation about its status had arisen last week.
Burger King owner, others sell shares rapidly in hopeful sign for IPOs
Burger King’s parent is among the companies that benefited from rising share prices. A move towards cash positions hints at an interest in the return ofIPOs.
Tesla under investigation; steering wheels falling off
Tesla is under investigation by the National Highway Traffic Safety Administration after complaints steering wheels for the Model Y vehicle have fallen off.
Stock market will crash in 60 days, best-selling author on Lehman collapse warns
Market risk indicators are signaling one of the highest probabilities of a crash in the next 60 days. The Bear Traps report founder Larry McDonald advises on how to allocate your capital.
WeWork shares rise as company holds talks to restructure debt
WeWork, the workplace rental company is reportedly in talks with Yardi Systems to restructure debt.
Buffett's Berkshire stocks up on more Occidental Petroleum shares
Warren Buffett's Berkshire Hathaway now owns 200.2 million shares in Occidental Petroleum following the latest $355 million investment.
Adidas to slash dividend after Kanye West split
Adidas is slashing its dividend as the company deals with fallout from ending its partnership with Kanye West.
Raging Bull customers see $2.4M in refunds after FTC dings online stock trading site
A couple million dollars' worth of refunds have started being distributed to customers of the online stock trading website Raging Bull, the FTC announced Monday.
Sweetgreen salad chain that thought it was a tech firm looks wilted
Sweetgreen has faced sharply rising cash expenses for food, leases and labor. Wall Street was all to eager to pile in amidst Sweetgreen's marketing as a tech company.
Why Apple stock can rise over 30%: Goldman Sachs initiates first Buy since 2017
For the first time since 2017, Goldman Sachs has initiated first Buy on Apple since 2017 after saying shares could climb as high as 36% in 2023.
Altria buying vape maker NJOY for $2.75B
Altria will buy vape-maker NJOY and absorb the company’s NJOY ACE production as the only e-vapor product with market authorizations from the U.S. Food and Drug Administration (FDA).
Boeing CEO gets pay package, loses $7M bonus
Boeing CEO Dave Calhoun received a pay package of $22.5 million, but was denied a $7 million incentive bonus due to delivery delays.
Adani shares surge after $1.87B GQG investment; more road shows lined up
After falling $130 billion in market value, Gautam Adani's conglomerate, Adani, is beginning to rally after a $1.87 billion investment by GQG Partners in Florida.
Dell shares slide on forecast miss, CFO to retire
Dell shares declined after the company forecast a profit and revenue forecast for the current quarter and full-year that disappointed.
Nordstrom leaving Canada, cutting 2,500 jobs
Nordstrom announced it is shutting down operations in Canada, closing 13 stores and cutting 2,500 jobs.


















