Silicon Valley Bank wasn’t well positioned for rising interest rates. Other banks show similar red flags.
Crypto: Sam Bankman-Fried’s lawyers say their need to gather evidence may delay FTX founder’s October trial
Sam Bankman-Fried’s lawyers say October trial may need to be delayed as they gather evidence.
: Signature Bank says its financial position is ‘strong’ but stock falls anyway
S&P component says it holds $4.5 bln in cash and $89 bln in deposits and it’s winding down its crypto exposure, but stock falls on Silvergate weakness.
The Ratings Game: MongoDB stock drops as Street hopes ‘derisked’ forecast allows better focus on sales strategy
MongoDB Inc. stock falls as Wall Street hopes the company focuses on selling the products it has rather than developing new ones.
The Fed: Want to know the precise number of jobs that would push the Fed to hike by 50 basis points? There isn’t one.
Don’t ask economists for a precise payroll number that would guarantee a 50-basis-point hike this month. It will be the total picture of the data that counts.
Earnings Results: BJ’s Wholesale Club’s stock gains after fourth-quarter earnings crush consensus estimates
BJ’s Wholesale Club Inc.’s stock rose 3.3% in premarket trading Thursday, after the company posted better-than-expected fourth-quarter earnings.
: Mortgage rates rise for fifth week in a row as economy remains strong
The 30-year mortgage rate is averaging 6.73%, Freddie Mac said in its latest weekly survey on Thursday.
The Margin: TikTok trend: University issues warning about ‘borg’ drinking as ambulance calls mount
At least 28 ambulances were recently called in response to student intoxication at the University of Massachusetts.
Commodities Corner: Platinum is on track for a supply deficit for the first time in 3 years. Here’s why.
The platinum market is expected to tighten this year as supply challenges and a pickup in demand lead to a supply deficit for the first time in 3 years.
: SVB Financial’s stock suffers record plunge as rising client cash burn leads to actions to bolster finances
Silicon Valley Bank parent SVB Financial’s stock plummeted 60% after announcing securities sales and equity offering to bolster finances.
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