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Category: Finance News

SVB collapse is double-whammy for tech startups already navigating brutal market

Startup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank’s failure this month complicated their situation.

Published 19 March 2023
Categorised as Finance News

UBS offers to buy Credit Suisse for up to $1 billion, the Financial Times reports

The deal, which could be signed as early as this evening, values Credit Suisse at around $7 billion less than its market value at Friday’s close.

Published 19 March 2023
Categorised as Finance News

Bill Gates says Warren Buffett gave the best advice he’s ever received—it’s ‘maybe the most important thing’ he’s learned

The Microsoft co-founder sat down for an interview with U.K. Prime Minister Rishi Sunak last month and the two answered questions generated by an A.I. chatbot.

Published 19 March 2023
Categorised as Finance News

These elite dividend stocks have raised their payments for over 60 consecutive years

S&P’s Howard Silverblatt shares the companies that have been raising their dividends for more than 60 years.

Published 19 March 2023
Categorised as Finance News

‘Be mindful of your risk’: Money manager tackles Silicon Valley Bank fallout on ETFs

There’s speculation bank stress could expose problems lurking in ETFs tied to specific sectors.

Published 18 March 2023
Categorised as Finance News

Fail or sale? What could be next for stricken Credit Suisse

JPMorgan’s Kian Abouhossein described a Credit Suisse takeover by UBS as “the more likely scenario.”

Published 18 March 2023
Categorised as Finance News

Elizabeth Holmes owes over $25 million to Theranos, lawsuit says

According to a lawsuit obtained by CNBC, former Theranos CEO Elizabeth Holmes has missed payments on three promisorry notes and owes Theranos creditors $25 million.

Published 18 March 2023
Categorised as Finance News

Yellen says uninsured deposits may be at risk in future bank failures. Here’s how FDIC coverage works

You may have to rely on FDIC insurance if your bank fails. Here’s how to make sure you money is fully covered.

Published 17 March 2023
Categorised as Finance News

Fed poised to approve quarter-point rate hike next week, despite market turmoil

Chairman Jerome Powell and his fellow central bankers will want to signal that it’s important to continue the fight to bring down inflation.

Published 17 March 2023
Categorised as Finance News

Stocks making the biggest moves midday: First Republic, FedEx, Nvidia, Bumble & more

First Republic tumbled again, while FedEx rose on stronger-than-expected earnings.

Published 17 March 2023
Categorised as Finance News

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