Story Published at: March 14, 2023 at 12:42PM
Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
First Republic shares jump 20% as regional banks try to rebound from Monday’s sell-off
The stock traded 20% higher in the premarket and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which was up 5%. Story Published at: March 14, 2023 at 11:19AM
Credit Suisse finds ‘material weaknesses’ in financial reporting, says outflows ‘not yet reversed’
Credit Suisse said its net asset outflows had “not yet reversed,” and that “material weaknesses” were identified in its financial reporting processes.Story Published at: March 14, 2023 at 08:42AM
As global stocks fall, Asia-Pacific’s benchmark index erases all of its gains for 2023
Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.Story Published at: March 14, 2023 at 07:40AM
SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say
Industry experts are optimistic that fundraising for Southeast Asian tech startups will keep flowing and won’t be impacted by the collapse of SVB.Story Published at: March 14, 2023 at 06:42AM
Volkswagen announces five-year $193 billion investment plan as electrification gathers pace
Story Published at: March 14, 2023 at 06:42AM
CNBC Daily Open: Banks got hammered by SVB’s collapse. But the Fed might still raise rates
Bank stocks had a very rough Monday in the aftermath of Silicon Valley Bank’s implosion. The 2-year Treasury yield plummeted. Story Published at: March 14, 2023 at 06:22AM
CNBC Daily Open: The bank rout continues. The Fed might still raise rates anyway
Bank stocks had a very rough Monday in the aftermath of Silicon Valley Bank’s implosion. The 2-year Treasury yield plummeted. Story Published at: March 13, 2023 at 11:27PM
Consumer inflation may have cooled in February but only slightly
Consumer inflation may have cooled off a little in February, but economists expect it is still running at a high pace.Story Published at: March 13, 2023 at 10:32PM
Regulators may still try to find a buyer for Silicon Valley Bank, source says
There’s still an opportunity to sell Silicon Valley Bank according to the official, saying that’s not off the table. Story Published at: March 13, 2023 at 08:57PM