The death spiral of the Terra ecosystem served as a catalyst to the 2022 bear market — causing losses in the billions, damaging investor sentiment and intensifying the regulatory spotlight over cryptocurrencies. However, the recent depegging of Circle’s USD Coin (USDC) led Binance CEO Changpeng “CZ” Zhao to believe that traditional banks are a risk to
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is set to crash following the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and
Top Stories This Week Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs Silicon Valley Bank (SVB) was shut down by California’s financial watchdog on March 10 after announcing a significant sale of assets and stocks aimed at raising additional capital. The California watchdog appointed the Federal Deposit
The Cosmos community has approved a vote to add “replicated security (RS)” to its chain, with 99.99% of votes in favor of the motion. The much-awaited upgrade is set to go live on March 15, 2023, with the v9-Lamba upgrade. RS is the first version of Cosmos’s Interchain Security (ICS) feature, allowing blockchains in the
UK chancellor Jeremy Hunt was on Saturday locked in talks over how to stop the collapse of Silicon Valley Bank from dealing a heavy blow to Britain’s tech sector. More than 200 UK-based tech company executives have urged Downing Street to step in, warning that many companies faced an “existential threat” because they banked with
The phrase “house of Gucci” may bring the book or film to mind, but in the exclusive residential heart of Rome there literally is a house constructed and still owned by Gucci family heirs. Intrigued? It’s for sale. In the late 1940s, fashion magnate and one-time CEO Aldo Gucci, the eldest son of the iconic
In this video, we will go over an iron condor options strategy on Apple. If you want to protect yourself since the stock has run up so much, I will show you a construction that you can do so that way your capital is not overexposed to a pull back with this Iron Condor. Iron
Ingredion Inc: https://www.zacks.com/stock/quote/INGR?cid=CS-YOUTUBE-FT-VID Nutri/System: https://www.zacks.com/stock/quote/NTRI?cid=CS-YOUTUBE-FT-VID Tracey Ryniec uncovers two top stocks that are flying under the radar. Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Today’s video is all about how to choose your first investment. It might feel like a daunting task, but it doesn’t need to be. We’ll cover ‘Paralysis Analysis’ and how it can be avoided, talk about goal setting and delve into risk, amongst other things. 0:00 – Intro 0:46 – Narrow down the choice 3:47
Silicon Valley Bank was shuttered by US regulators on Friday after customers raced to withdraw $42bn — a quarter of its total deposits — in one day and a failed effort to raise new capital called into question the future of the tech-focused lender. With about $209bn in assets, SVB has become the second-largest bank
Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception. It’s a level that held for 48 days before collapsing on March 9. After a 16-hour negative 8.6% price movement, the indicator fell to $914 billion, its lowest level since Jan.13. Concerns about the stability
Municipals were firmer to end the week, outperforming a U.S. Treasury rally after the employment report revealed more jobs than expected were added in February. Equities sold off. Triple-A benchmark yields were bumped five to 10 basis points, depending on the curve, while U.S. Treasury yields fell 20 to 31 basis points, pushing the five-,
Underwriters completed pricing Thursday of a $3.52 billion Texas securitization deal for natural gas providers, but the bonds may stay in investors’ hands only for a short time. The Texas Senate Finance Committee advanced a supplemental appropriations bill Wednesday that includes money to pay off the bonds and possibly debt incurred by other utilities as
The private partner in a prominent Maryland public-private partnership dropped out Thursday, citing environmental delays, lawsuits, and disagreements with the state, in a move that leaves the fate of the country’s largest P3 in doubt. Australia-based toll road operator Transurban, the lead partner in a consortium known as Accelerate Maryland Partners, said it had submitted
President Biden’s proposed budget unveiled Thursday includes the lowering of the private activity bond threshold for Low Income Housing Tax Credits to 25% from 50% and muni lobbyists, though skeptical about the prospects of the budget passing as is, say they will work hard to include the provision in any final budget. “While the President’s
Fitch Ratings upgraded Orlando, Florida’s $166.925 million of Series 2017A senior tourist development tax revenue bonds to BBB from BBB-minus. The outlook on the bonds is stable. The bonds are a limited obligation of the city backed by a senior lien on 50% of the “6th-cent TDT,” which is a one-cent tax on hotel room
A project to repair a berth at the Port of Camden in New Jersey will receive a boost of support from this fiscal year’s federal omnibus spending bill. U.S. Rep. Donald Norcross, a Democrat whose district includes Camden, recently announced an additional $750,000 in federal funds to support work on long-neglected portions of the South
In this article SI SBNY Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange stands in lower Manhattan after global stocks fell as concerns mount that rising inflation will prompt central banks to tighten monetary policy on May 11, 2021 in New York City. By mid afternoon the tech-heavy Nasdaq Composite had lost
In this article ENPH GPS CAT FRC WAL PACW SBNY DOCU SCHW ORCL BIRD Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of Oracle headquarters on June 13, 2022 in Redwood Shores, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading Friday. Allbirds — Shares
Homes at Rivo Alto Island in Miami Beach, Florida, US, on Wednesday, Feb. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images The U.S. housing market is taking a hard hit from higher mortgage rates, and luxury home sales are seeing the worst of it. Sales of luxury homes dropped 45% during the three
In this article SBNY SIVB DOCU Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Thursday, March 9, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in early morning trading. SVB Financial — Shares of the company known as