Premium Markets 2023-03-22T09:30:00Z
Stock Trader

Here are 3 important reasons why stocks shouldn't be rallying in the wake of bank bailouts, and why bond investors are right to be bearish, according to Morgan Stanley

Morgan Stanley CIO Mike Wilson warns investors not to get bullish on stocks just because a string of bank runs has been prevented.
Markets 2023-03-22T09:28:48Z
Gamestop.

Meme stock GameStop surges 40% after it posted a surprise profit for the first time in 2 years

GameStop reported a profit of $48.2 million in the fourth quarter of 2022 — reversing a $147.5 million loss in the same period a year ago.
Real Estate 2023-03-22T09:02:00Z
Airbnb illustration

The battle over Airbnb has hit a breaking point

The "Airbnbust" proves the Wild West days of short-term online rentals are over. That's great news for your next vacation.
Premium Markets 2023-03-22T08:00:00Z
News 2023-03-22T05:10:44Z

The Swiss government has put a stop to some Credit Suisse banker bonuses after public backlash over the state-engineered rescue plan

UBS is buying Credit Suisse for $3.25 billion, but the Swiss government and its central bank are providing up to $226 billion in support.
Markets 2023-03-21T20:54:08Z
A rear view of a cargo ship stacked with containers alongside a wharf at Port of Antwerp-Bruges in Antwerp, Belgium, Oct. 27, 2022

The world's top metals trader is stuck in another nickel-shipment snafu after getting bags of stones from a Dutch warehouse

Markets 2023-03-21T20:39:44Z
Silicon Valley Bank, Fed Chair Jerome Powell

Expectations for the Fed's next rate hike this month have posted the biggest swings since the start of the pandemic

Pricing in Fed fund futures went "on a wild ride" before the Fed's March meeting, said Bespoke Investment Group.
Markets 2023-03-21T20:06:47Z
Jeremy Grantham

Nouriel Roubini and Jeremy Grantham sound the alarm for stocks in a new documentary. Here are the bearish market pros' best quotes.

"We lived in a bubble, in a dream, and this dream in a bubble is bursting and is turning into an economic and a financial nightmare," Roubini said.
Markets 2023-03-21T20:05:53Z
nyse svb first republic trading floor

US stocks jump as investors prepare for interest rate decision from the Fed

The Fed is expected to address the banking turmoil and inflation when delivering its interest rate decision on Wednesday.
Markets 2023-03-21T18:35:39Z
A sign in posted in front of Meta headquarters on February 02, 2022 in Menlo Park, California.

Meta stock could surge 25% as TikTok rival Reels and engagement show improvement, Morgan Stanley says

Morgan Stanley upgraded Meta stock to overweight and raised its price target to $250 from $190.
Markets 2023-03-21T18:03:54Z
Nelson Peltz

Billionaire investor Nelson Peltz says money flying out of banks is dangerous. Here's his idea for the Fed that he says will stop more bank runs

"You will have money flooding in here from all over the world," Peltz told CNBC about his idea to expand the deposit insurance program at US banks.
Markets 2023-03-21T17:33:11Z
Home prices

Home prices in February posted their first annual decline in a decade

February data shows home prices broke a 131-month streak of year-over-year gains, according to the National Association of Realtors.
Markets 2023-03-21T17:02:09Z
Berkshire Hathaway CEO Warren Buffett Dairy Queen Ice Cream

Warren Buffett's company is set to bag almost $4 billion in interest income this year thanks to surging rates

Buffett's Berkshire Hathaway stands to make $3.7 billion from Treasuries and similar bets this year, up from about $600 million in 2021, analyst says.
Markets 2023-03-21T16:59:09Z
Cathie Wood Ark

Cathie Wood catches up with the ChatGPT craze as Ark's internet fund snaps up Microsoft stock for the 1st time

Microsoft has been closely tied to ChatGPT after it invested $10 billion into the chatbot's creator, Open AI, in January.
Markets 2023-03-21T16:25:04Z
Ron DeSantis

Florida Governor Ron DeSantis proposes banning a digital currency from the Fed, arguing it will stifle innovation and promote surveillance

"The Biden administration's efforts to inject a centralized bank digital currency is about surveillance and control," Governor Ron DeSantis said.
Markets 2023-03-21T16:14:13Z
A man rides a bicycle past the First Republic Bank branch in Santa Monica, California.

First Republic and other regional bank stocks surge as Yellen sees crisis 'stabilizing' and big lenders eye more support

First Republic shares jumped nearly 50% in Tuesday's action on ebbing fears surrounding a crisis for regional banks.
Markets 2023-03-21T15:46:12Z
Credit Suisse logo

Credit Suisse's rescue had a sting in its tail for the banking crisis. Here's what you need to know about AT1 bonds.

Here's everything you need to know about Credit Suisse's AT1 bonds as they raise the risk of more uncertainty in financial markets.
Markets 2023-03-21T15:14:13Z
Steve Eisman

'Big Short' investor Steve Eisman says today's bank turmoil is nowhere close to a repeat of the 2008 financial crisis

"JPMorgan goes down, Planet Earth burns," Eisman said. "When First Republic, if it were to go down, it's a problem, but it's a handle-able problem."
Markets 2023-03-21T14:50:55Z
trader nyse point

A recession could be postponed for years, and the stock market is poised for a big bounce after it gets through recent turmoil, Fundstrat says

The S&P 500 could finish the year 13% higher as interest rates fall and postpone a downturn, according to Fundstrat.
Markets 2023-03-21T14:40:56Z
Wall Street sign

Investors think a systemic credit event has replaced high inflation as the number one risk to the stock market

"Investor sentiment is close to levels of pessimism seen at lows of past 20 years," Bank of America's Michael Hartnett said.
Markets 2023-03-21T13:45:07Z
jeremy grantham

Brace for the S&P 500 to plunge 50% and a painful recession to strike as the 'everything bubble' bursts, elite investor Jeremy Grantham warns

Jeremy Grantham expects the historic bubble in stocks, bonds, and house prices to end with an epic crash and an economic catastrophe.
Markets 2023-03-21T13:44:06Z
NYSE Trader

US stocks climb as banking fears ease and investors focus on key Fed meeting

Regional bank stocks continued to recover after Treasury Secretary Janet Yellen said the government could protect customer deposits at smaller banks.
Markets 2023-03-21T13:42:49Z
Treasury Sec. Janet Yellen

Treasury Secretary Janet Yellen says the US banking crisis is 'stabilizing' and the government could provide more backing for deposits

Officials were looking into how to temporarily expand FDIC coverage to all deposits if the banking crisis were to expand, Bloomberg reported.
Finance 2023-03-21T13:18:23Z

Insider is seeking nominations for its 2023 rising stars of equity research list. Here's how to apply.

We're looking to highlight talented Wall Street analysts that are giving clients top-notch insights and making a name for themselves in the process.
Markets 2023-03-21T12:11:53Z
An abandoned cargo vessel lies

Russia is using decades-old oil tankers on icy waters to duck sanctions and prop up its struggling energy exports

The aged vessels are vulnerable to faults like engine failures and pose safety risks to crews and the environment, according to the Washington Post.
Markets 2023-03-21T12:09:14Z
wall street

The US economy is headed for a hard landing as the banking crisis makes a recession more likely - and traders should avoid risk, JPM's quant guru says

"A soft landing now looks unlikely, with the airplane in a tailspin (lack of market confidence) and engines about to turn off (bank lending)," JPMorgan said.
Markets 2023-03-21T10:52:21Z
Elon Musk

Elon Musk urges the Fed to reverse course in its inflation fight, as he fears the banking crisis is hitting the US economy

The Tesla CEO wants the Fed to cut interest rates this week, after hiking them rapidly over the past year in a bid to crush inflation.
Markets 2023-03-21T10:47:43Z
elon musk

Tesla debt is no longer junk-rated by Moody's after it upgrades Elon Musk's carmaker

"Tesla will maintain its position as one of the leading manufacturers of battery electric vehicles," Moody's said.
Markets 2023-03-21T10:21:41Z
Bill Ackman

Bill Ackman urges the Fed to pause interest-rate increases because the banking crisis is not yet over

The billionaire investor called for a temporary pause in interest-rate increases given the threat to financial stability from the ongoing banking turmoil.
Markets 2023-03-21T10:10:00Z

Everything you need to know about UBS's historic $3 billion deal to rescue rival bank Credit Suisse

Insider's George Glover gives you the rundown on the banking crisis' latest twist: UBS rescuing its old foe Credit Suisse.
Real Estate 2023-03-21T10:01:00Z

Get ready: Gen Z is coming for the housing market

Unlike millennials before them, Gen Z has grown up during a home price boom. Now they're using tech to claim their share of the real-estate profits.
Premium Markets 2023-03-21T10:00:00Z

BMO: Buy these 20 stocks to profit from a simple 2-part investing strategy that's consistently outperformed during volatile markets — like the one we're in right now

BMO shared a simple, historically successful strategy that investors can use to beat the market in 2023 — and 20 top stocks to buy during volatility.
Premium Markets 2023-03-21T10:00:00Z

As the Fed meets on Wednesday after bank runs, a market analyst shares 4 key questions investors desperately need answered — and his prediction for how stocks will react

Despite extensive attempts from regulators to ease depositors' fears, the stock market is reacting negatively, says Giles Coghlan.
News 2023-03-21T09:50:20Z

JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before.

Swiss trader Mercuria Energy received spray-painted rocks instead of $36 million worth of copper it had ordered.
Premium Markets 2023-03-21T09:30:00Z

Looking to buy a house? Follow these 7 tips to ensure you get the best deal, according to economists at Redfin

If you're in the market for a home right now, here's how to take advantage of the positives in the market and mitigate the negatives.
Premium Markets 2023-03-21T09:30:00Z

Here's the 4-step strategy for investing and profiting during the banking crisis, according to Goldman Sachs

Goldman Sachs US stock chief David Kostin explains how investors can allocate their money effectively as turmoil rocks the financial sector.
Markets 2023-03-20T20:17:28Z
Stock traders on the exchange trading floor.

US stocks jump as traders hope worst of banking crisis has passed

Morgan Stanley's top strategist said the fallout in the banking sector starts what's likely to be the "vicious" end to the bear market in stocks.
Markets 2023-03-20T20:05:59Z
charles schwab

Charles Schwab clients poured in $17 billion last week as the spiraling bank crisis sent money to a 'safe port in a storm'

"Charles Schwab remains a safe port in a storm, driven by its conservative balance sheet, strong liquidity position, and diversified base" of clients.
Markets 2023-03-20T19:32:50Z
Goldman Sachs traders NYSE

Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears

Goldman said slower economic growth could materialize in the aftermath of the Silicon Valley Bank collapse because of tighter lending standards.
Markets 2023-03-20T19:09:49Z
A picture of Elon Musk from the shoulders up. He's wearing a black t-shirt and clasping his left hand to his head with a calm expression on his face.

Elon Musk sees 'serious risk' of another Great Depression if the Fed doesn't stem the collapse of regional banks after SVB failure

Musk again sounded a warning about the impact of the banking sector's troubles on the world's largest economy in the wake of the SVB fiasco.
Markets 2023-03-20T18:56:13Z
stock market investing

It's too early to call a bottom for the stock market because there's more pain coming for regional banks, BlackRock strategist says

BlackRock's Gargi Chaudhuri said it's "just the beginning" for markets facing ramifications from chaos in the global banking sector.
Markets 2023-03-20T17:46:58Z
Leon Cooperman

Billionaire investor Leon Cooperman says the US is going through a 'textbook' financial crisis and the S&P 500 won't hit a new high for a long time

Cooperman previously warned that stocks could plunge 22% in 2023, and predicted dismal returns for years to come.
Markets 2023-03-20T17:45:11Z
Mike Wilson is Morgan Stanley's chief investment officer and chief US equity strategist.

The bear market for stocks is almost over but the last phase may be 'vicious,' Morgan Stanley CIO says

"The bottom line is that we think this is exactly how bear markets end," Morgan Stanley chief investment officer Mike Wilson said in a note.
Markets 2023-03-20T17:23:50Z
nyse svb first republic trading floor

S&P downgrades First Republic further into junk status as the bank's $30 billion rescue may not be enough to solve liquidity problems

A report from the WSJ on Monday said banks were in talks to provide even more aid to First Republic, sending shares down as much as 50%.
Markets 2023-03-20T16:59:09Z
svb silicon valley bank building cop

Investors should watch for these 4 signals to know when the banking crisis is over for the stock market

There are a handful of signs to follow to know how the stock market is dealing with the bank crisis, Fundstrat says. In the meantime, buy tech stocks.
Markets 2023-03-20T16:51:43Z
A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.

First Republic shares crater 50% as banks discuss fresh capital raise after $30 billion rescue

First Republic shares sank Monday on news that big banks were in talks to provide yet another infusion of capital to shore up the regional lender.
Markets 2023-03-20T16:46:14Z
A woman leaves a branch of Signature Bank in New York, Monday, March 13, 2023.

New York Community Bancorp surges 42% after striking a deal to acquire the assets of failed Signature Bank

Wedbush upgraded NY Community Bankcorp stock to outperform, citing expected earnings boost from the "sweetheart" deal.
Markets 2023-03-20T15:56:41Z
SVB

The Fed spotted red flags at Silicon Valley Bank years before it collapsed, report says

Fed officials saw issues in SVB dating back to 2021, when the now-failed bank was found to have "matters requiring immediate attention."
Finance 2023-03-20T15:47:19Z

UBS' dramatic takeover of Credit Suisse was the deal neither bank wanted. Here are some of the passive-aggressive digs from both sides.

UBS acquired Credit Suisse in a rescue takeover this weekend. But neither side seemed to be too happy about the outcome.
Markets 2023-03-20T15:26:33Z
Warren Buffett

Warren Buffett might help rescue the banks again - but he'll probably make less money this time around

Buffett has reportedly spoken to the White House about investing in US regional banks, but he might get worse terms than he did in 2008.
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