Hugh Son Rohan Goswami Jonathan Vanian CNBC March 10, 2023 The company’s downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet. “This was a hysteria-induced bank run caused by VCs,” Ryan Falvey, a fintech investor of Restive Ventures, told CNBC.
Augusta Saraiva BloombergMarch 14, 2023 Underlying gauge rose 0.5% in February, most in five months Shelter accounted for more than 70% of overall monthly gain Underlying US consumer prices rose in February by the most in five months, forcing a tough choice for Federal Reserve officials weighing still-rapid inflation against banking turmoil in their next
Rich Miller BloombergMarch 15, 2023 Fed faulted for not heading off troubles at the bank Former Fed Governor Tarullo calls it a ‘supervisory failure’ The collapse of Silicon Valley Bank threatens to further besmirch the reputation of Federal Reserve Chair Jerome Powell, on top of the blemish he’s suffered for being slow to recognize the risk of
Scott Schnipper CNBCFebruary 2, 2023 Stocks can rally 10% to 15% in 2023 as investors react more to the prospect of lower interest rates in the second half of 2023 than to a relatively small decline in corporate profits this year, Wharton School of Business professor emeritus Jeremy Siegel said on CNBC’s “Squawk Box” Thursday.
Hakyung Kim CNBCJanuary 31, 2023 Employees inspect facilities at the Qingdong-5 offshore oil production platform, an artificial island, of Sinopec Shengli Oilfield on Jan. 16, 2023 in Dongying, China. CFRA chief investment strategist Sam Stovall calls energy stocks a continued smart play in what he thinks will also prove a bullish year for the broader
Augusta Saraiva BloombergJanuary 24, 2023 S&P Global composite measure at 46.6 in January after 45 Composite prices paid gauge firms for first time since May US business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures. The S&P
Bob Pisani CNBCDecember 14, 2022 Once again, the direction for trading for the rest of the year is boiling down to what Fed Chair Jerome Powell says at his press conference Wednesday afternoon. Bears think Powell and Co. will hike rates by 50 basis points (half a percentage point), as expected, but then will reveal that
Sagarika Jaisinghani, Jan-Patrick Barnert, Ksenia Galouchko BloombergDecember 9, 2022 Some of the world's biggest investors predict that stocks will see low double-digit gains next year, which would bring relief after global equities suffered their worst loss since 2008. Amid recent optimism that inflation has peaked — and that the Federal Reserve could soon start to change its tone— 71%