The number of Americans who applied for unemployment benefits last week slipped to a three-week low of 191,000 — no sign of erosion in U.S. labor market.
: Bank of England warned the Fed about risks to Silicon Valley Bank’s U.K. operations before collapse
The BoE warned U.S. regulators about “concentration risk” at Silicon Valley Bank’s U.K. operations before the tech-focused lender failed
The Ratings Game: Coinbase stock gets crunched as SEC notice deemed an ‘ominous sign’
There are still many unknowns about the warning notice Coinbase recently received from the SEC, but at least one analyst deems the notice an “ominous” sign.
: Social Security is facing big trouble. You can try to fix it from your couch.
It’s all hands on deck when it comes to fixing Social Security
: Rick Scott and Elizabeth Warren team up to call for independent inspector for Fed, citing ‘gross mismanagement’
Republican Sen. Rick Scott and Democratic Sen. Elizabeth Warren roll out a bill that would provide the Fed with an inspector general.
Brett Arends’s ROI: One Social Security fix that should be on the table
If politicians are serious about wanting to rescue Social Security, they should put a wealth tax on the table.
The Ratings Game: Hovde initiates coverage of Western Alliance at bargain price level
Western Alliance Bancorp drew praise Thursday for its discounted price and “strong earnings engine” as financial advisor Hovde Group initiated coverage of the beaten-down bank stock with an outperform rating.
Futures Movers: Oil futures end lower on recession worries
Oil futures finish lower on Thursday after a three-session run higher, as traders weigh the prospects for an economic recession.
Outside the Box: Shotgun bank weddings like UBS and Credit Suisse are supposed to protect the financial system, but these rescues come with unseen risks
In this bank panic of 2023, strong banks are being asked to save the day, but giving them failed banks only adds uncertainty.
Mark Hulbert: GameStop investors are playing by rules you’ll find in a casino more than a stock portfolio
Lottery-type stocks like GameStop, AMC Entertainment and Bed Bath & Beyond have delivered speculative gains but typically underperform the market.
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