(Bloomberg) — The seeds of First Republic Bank’s downfall were sown in the jumbo mortgages of Silicon Valley, where a unique strategy to loan wealthy… Read More »First Republic’s Jumbo Mortgages Brought On Bank’s Failure
Jamie Dimon stands in front of a door with a JPMorgan sign on it Jamie Dimon, banking’s savior? You can ask why JPMorgan Chase agreed… Read More »Why did JPMorgan Chase buy First Republic out of receivership?
Regulators seized First Republic (FRC) early on Monday and sold the bulk of the bank’s operations to JPMorgan Chase (JPM) in the largest bank failure… Read More »US regulators seize First Republic and sell 'substantially all assets' to JPMorgan in largest bank failure since 2008 crisis
April turned out to be great month for most S&P 500 investors. But it was stupendous for those who picked the best stocks. Continue reading
(Bloomberg) — The relentless erosion in Rivian Automotive Inc.’s share price is revealing an ugly truth: Investors have little faith left in the ability of… Read More »Rivian’s Troubles Don’t End at a 93% Wipeout
Whether you’re a seasoned trader or a novice, the oldest piece of advice in economics still holds true: buy low and sell high. The challenge… Read More »Insiders Pour Millions Into These 2 Beaten-Down Stocks — Here’s Why You Might Want to Ride Their Coattails
Oil platform, Beatrice B (11/30) in the Moray Firth, Scotland – Rob Arnold / Alamy Stock Photo At its peak in the early 2000s, the… Read More »Sunak is pulling the plug on the North Sea – watch UK oil drain away
Wharton professor Jeremy Siegel.Getty Images Top economists see a painful credit squeeze and crash in the commercial real estate market. David Rosenberg predicted the US… Read More »From a painful credit crunch to a meltdown in the commercial real estate market, here's what top economists are predicting for the coming months
Banks are awaiting word from the US government about the fate of First Republic (FRC) after a Sunday deadline to submit bids for the San… Read More »Banks wait on US to decide fate of First Republic
Eventually investors have to face reality: There are downsides to cutting costs and laying off staff. Continue reading
Three years into the return to office battle, an exasperated JPMorgan Chase CEO Jamie Dimon is not mincing words. More from Fortune: 5 side hustles… Read More »Jamie Dimon says he understands workers’ threats to not return to the office, but ‘they can not do it elsewhere’
Big banks including JPMorgan Chase and PNC Financial Services Group are vying to buy First Republic Bank in a deal that would follow a government… Read More »JPMorgan, PNC Bidding for First Republic as Part of FDIC Takeover
The new rate on the Treasury’s popular inflation-indexed savings bonds has been set at 4.3%, down from 6.89%, according to a notice Friday morning on… Read More »Treasury Lowers Rate on Series I Savings Bonds to 4.3%. There’s a Sweetener.
Interest Rate for Series I Savings Bonds Falls to 4.3%. Here’s What it Means Gone are the days of series I savings bonds paying almost… Read More »Interest Rate for Series I Savings Bonds Falls to 4.3%: Here's What it Means
(Bloomberg) — First Republic Bank shares were halted repeatedly after dropping as much as 50% following a report from CNBC that the most likely outcome… Read More »First Republic Sinks 50% Triggering Multiple Trading Halts
The global economy has been sending mixed signals recently. On one hand, the US inflation rate dropped to 5% in March, marking its lowest point… Read More »Seeking at Least 7% Dividend Yield? Barclays Suggests 2 Dividend Stocks to Buy
Caterpillar Inc., the Fortune 500 maker of the familiar yellow heavy-duty construction and industrial equipment, relocated its global headquarters to Irving in 2022, continuing a… Read More »Caterpillar headquarters relocation to Irving landmark tower 'in the best strategic interest of the company,' CEO says
Growth stocks in the S&P 500 are playing right into Cathie Wood’s hands. But even the famed investor can’t outperform a cheap index. Continue reading
Dow Jones futures fell Friday morning after key inflation data. Amazon stock dropped after warning of slowing cloud growth. Continue reading
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double from a year ago… Read More »Exxon delivers a record first-quarter profit on higher output
NEW YORK (Reuters) – U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank’s advisers have yet… Read More »U.S. officials lead urgent rescue talks for First Republic -sources
Amazon (AMZN) reported first quarter earnings on Thursday that beat expectations and initially sent shares surging, but cautious comments regarding a slowdown in its key… Read More »Amazon stock forfeits gains after company warns on 'optimizations' from AWS customers
AbbVie stock crumbled Thursday after the first biosimilar to launch in the U.S. hammered away at Humira’s legendary sales. Continue reading
These are the stocks moving after the market close on Thursday, April 27, 2023. Amazon Amazon (AMZN) jumped 10% after posting better than expected first… Read More »Stocks moving in after-hours: Amazon, Snap, Pinterest, Intel
(Bloomberg) — Amazon.com Inc. warned that growth in its cloud computing division is continuing to cool, dashing hopes that the company’s most profitable division was… Read More »Amazon Raises Investor Fears of Continued Slowing Cloud Growth
Amazon (AMZN) reported first quarter earnings on Thursday that beat expectations and sent shares soaring in after hours trading. Amazon stock popped as much as… Read More »Amazon earnings: Results beat expectations across the board, stock soars
(Bloomberg) — US economic growth slowed in the first quarter by more than expected as tepid business investment and a pullback in inventories tempered a… Read More »US Economic Growth Slows to 1.1% While Inflation Accelerates
Intel (INTC) reported its first quarter earnings after the bell on Thursday, barely beating analysts’ expectations on revenue, while losing less per share than anticipated.… Read More »Intel Q1 earnings: Chip maker beats expectations, revenue plummets 36%
Investors are betting that the US economy is going to suddenly fall into a recession and inflation is going to cool. But what happens if… Read More »Investors are making the wrong bet on a recession — and it's going to cost them big time
350 California Street was worth $300 million four years ago. It might sell for 80% less now, brokers say, in a market where office vacancy… Read More »Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers.