The Air Jordans are expected to be the most expensive pair of sneakers ever to appear at auction, estimated to sell for between $2 million and $4 million.
Category: Finance News
Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis.
Ron Baron bought Charles Schwab shares during Monday’s double-digit sell-off
The 79-year-old investor said he “modestly increased” his position in the financial name, seeing Monday’s pullback as a buying opportunity.
Stocks making the biggest moves premarket: First Republic, Western Alliance, Uber, Lyft and more
First Republic led a rebound in regional bank stocks. Uber and Lyft got a boost from a court ruling.
First Republic shares jump 20% as regional banks try to rebound from Monday’s sell-off
The stock traded 20% higher in the premarket and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which was up 5%.
Credit Suisse finds ‘material weaknesses’ in financial reporting, says outflows ‘not yet reversed’
Credit Suisse said its net asset outflows had “not yet reversed,” and that “material weaknesses” were identified in its financial reporting processes.
As global stocks fall, Asia-Pacific’s benchmark index erases all of its gains for 2023
Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.
SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say
Industry experts are optimistic that fundraising for Southeast Asian tech startups will keep flowing and won’t be impacted by the collapse of SVB.
Regional bank stock plunge creating key entry point for investors, top analyst says
“We have definitely slipped on a banana peel as it pertains to this deposit worry and scare,” bank Christopher Marinac told CNBC’s “Fast Money” on Monday.
‘Stress like 1987’: Evercore’s Julian Emanuel warns Silicon Valley Bank fallout could force new market low
The 2-year Treasury yield to doing something that hasn’t happened since 1987 due to the Silicon Valley Bank meltdown, according to Evercore ISI.