Treasury yields fell Friday as worries over regional bank SVB Financial’s sparked a flight to safer assets such as government bonds. Story Published at: March 10, 2023 at 03:40PM
Treasury yields post big decline as investors make a flight to safety of bonds
Venture capitalists urge startups to withdraw funds from crisis-laden Silicon Valley Bank
VC firms are urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, fueling fears of a run on the tech-focused bank.Story Published at: March 10, 2023 at 02:45PM
Payrolls rose 311,000 in February, more than expected, as jobs growth stays hot
Nonfarm payrolls were expected to increase by 225,000 in February, while the unemployment rate was projected to hold at 3.4%, according to Dow Jones.Story Published at: March 10, 2023 at 01:46PM
Silicon Valley Bank drops another 60%, weighing on the bank sector again
Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.Story Published at: March 10, 2023 at 01:05PM
When it comes to passing wealth on to kids, women have very different ideas to men
Men and women have different approaches to wealth, and that affects how they plan to pass their money on to future generations, a new UBS report says. Story Published at: March 10, 2023 at 10:22AM
More than $70 billion wiped off crypto market in 24 hours as bitcoin drops 8% below $20,000
A number of issues are weighing on cryptocurrency markets including a sell-off in U.S. stocks and issues at Silicon Valley Bank. Bitcoin fell below $20,000.Story Published at: March 10, 2023 at 10:13AM
Many of Europe’s ‘golden visa’ programs are closing — but demand is up in this Mediterranean hotspot
Greece has seen a surge in the number of people applying for its residency by investment program while other European countries call time on such programs. Story Published at: March 10, 2023 at 09:47AM
European bank stocks sink as Silicon Valley Bank contagion spreads
European banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%.Story Published at: March 10, 2023 at 09:06AM
Consumer spending in China isn’t surging back yet, companies say
China has yet to see a strong rebound in consumer spending, according to major companies.Story Published at: March 10, 2023 at 08:16AM
A 50% rent increase? Record property demand in Dubai is creating a nightmare for some residents
“Believe me, there are people willing to pay the price,” one real estate professional told CNBC.Story Published at: March 10, 2023 at 07:30AM