Government intervention to backstop Silicon Valley Bank and Signature Bank has shaken up markets and investors are running for cover. The Satori Fund founder Dan Niles says now is the time for caution and is doubling down on his S&P 500 price target of 3,000 that he gave to CNBC in January. In a special Pro Talks, Niles will share his ideas for keeping a diversified portfolio despite the projected downturn.
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.
First Republic tells CNBC the bank isn’t seeing that many depositors leave, JPMorgan funding working
Jim Herbert, First Republic’s executive chairman, told Cramer that the bank was not seeing massive outflows of deposits and was operating as usual.
Neuralink competitor Science launches new platform to accelerate medical device innovation
The biotechnology startup Science on Monday launched a new platform that aims to make it easier for other companies to develop medical devices.
We’re adding to 3 stocks in Monday’s volatile market and putting 4 more on our buy list
In keeping with Jim Cramer’s commentary Sunday evening, the Club is putting some of its cash to work.
GOP presidential contenders cast blame for Silicon Valley Bank collapse
While Trump slammed Biden and Democrats, Florida Gov. Ron DeSantis suggested that diversity, equity and inclusion initiatives were to blame for SVB’s failure.
Silver Lake and CPP Investments to acquire Qualtrics for $12.5 billion
Silver Lake and CPP Investments acquire Qualtrics for $12.5 billion
Oscars 2023: Michelle Yeoh says she ‘kung fu’d’ glass ceiling with historic best actress win
The Malaysian-born Yeoh is only the second woman of color ever to win best actress at the Oscars.
2-year Treasury yield posts biggest 3-day decline since aftermath of 1987 stock crash
U.S Treasury yields declined on Monday as investors assessed the state of the economy after the collapse of Silicon Valley Bank.
Cryptocurrencies rally despite shutdown of crypto friendly Signature Bank, bitcoin breaks through $24,000
Cryptocurrencies rose even after regulators Sunday announced the closure of Signature Bank, the last major crypto bank after Silvergate.