The former Pimco CEO is watching this week’s earnings reports for further potential cost-cutting measures in mega-cap tech companies.
Social media raises bank run risk, fueled Silicon Valley Bank’s collapse, paper says
A new academic paper examines the risk of social media on “distress in banks” and how Twitter conversations amplified the bank run risk ahead of SVB’s collapse.
Crypto winter is over — and bitcoin could hit $100,000 by the end of 2024, Standard Chartered says
The U.S. banking sector crisis has solidified the case for bitcoin as a “decentralised, trustless and scarce digital asset,” Standard Chartered said in a note.
Stocks making the biggest premarket moves: Coca-Cola, First Solar, C3.ai and more
These are the stocks posting the largest moves in the premarket.
Europe is the place to invest so far in 2023. Here’s why
All the major European ETFs are up 15%-20% for the year and were at new highs last week.
Luxury goods giant LVMH becomes the first European company to surpass $500 billion in market value
Luxury goods giant LVMH on Monday became the first European company to surpass $500 billion in market value.
Hollywood backers Ryan Reynolds and Rob McElhenney help springboard a Welsh soccer club back into the big leagues
Wrexham, the Welsh soccer club owned by Hollywood A-listers Ryan Reynolds and Rob McElhenney, secured promotion to the English Football League (EFL).
Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapse
The stricken Swiss lender posted a one-off 12.43 billion Swiss franc profit for the first quarter of 2023, due to the controversial write-off of 15 billion Swiss francs of AT1 bonds by the Swiss regulator as part of its emergency takeover by domestic rival UBS.
New reports say business travel isn’t going back to normal — ever
High travel costs, tighter corporate budgets and virtual meetings have permanently changed business travel, according to new corporate travel reports.
Are gas-powered or electric vehicles a better deal? EVs may win out in long run, experts say
Electric vehicles tend to cost more upfront than gasoline-powered cars. But EVs may be a better financial deal for consumers over the long haul.