BlackRock CEO Larry Fink said the banking crisis brought on by the collapse of Silicon Valley Bank could spread and worsen.
Stocks making the biggest moves premarket: Credit Suisse, Lennar, PacWest & more
Shares of Credit Suisse and several other European banks were halted from trading as prices plummeted.
Retail egg prices fell in February — but the price drop may not last long
The average retail price of eggs fell in February for the first time in months but may rise again as Easter approaches, experts said.
Credit Suisse shares slide 21%, trading halted after Saudi backer rules out further assistance
Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day as the bank’s biggest backer says it can’t provide more financial help.
Credit Suisse chairman says Silicon Valley Bank crisis looks ‘local and contained’
On Friday, SVB was taken over by regulators after massive withdrawals a day earlier effectively created a bank run.
Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
The Federal Reserve will likely not raise interest rates at its March meeting as there is still a “boatload of uncertainty” said Mark Zandi of Moody’s Analytics.
Moody’s retains ‘negative’ outlook on China’s banks amid challenges of emerging from Covid-zero
Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector due to a drawn out recovery from Covid controls.
Chinese tourists are traveling again — but not the way they used to
In China, as elsewhere, the pandemic has sparked a shift in tourist behaviors, namely a preference for outdoor destinations and domestic travel.
SVB’s failure will have a ripple effect across technology ‘for years to come’
Silicon Valley Bank’s collapse is likely to be felt across the technology landscape globally over the coming years.
‘Big Short’ trader Danny Moses warns Silicon Valley Bank collapse will expose more trouble
Investor Danny Moses believes the Silicon Valley Bank collapse is exacerbating the economic slowdown despite the government’s actions to mitigate the impact.