From the sudden collapse of the SVB to the consequences of Credit Suisse: 8 charts show turbulence in the financial markets

A tumultuous week in US financial markets ended on an uncertain note Friday after a massive $30 billion injection of large bank deposits into First Republic Bank failed to appease investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – concerns about weakness in … Read more

Elizabeth Holmes returns to court to avoid prison

SAN JOSE, Calif. (AP) — Disgraced Theranos CEO Elizabeth Holmes appeared Friday in what could be her final trial before she began an 11-year prison sentence unless a judge grants her request to remain free while her lawyers are in custody. appeal against her conviction for the mastermind behind a blood test hoax. The 90-minute … Read more

Apple and other big tech stocks see gains despite bank blowouts Here’s why.

SVB Financial’s troubles may have started the latest round of stock market woes, but despite the lender’s ties to Silicon Valley, the tech sector has remained remarkably resilient during the sell-off. That’s obvious no matter how you slice it. In the past five trading days through Thursday’s close, the S&P 500 has effectively broken even, … Read more

Bitcoin rally in a new bull market. How Crypto Could Beat the S&P 500.

Bitcoin and other cryptocurrencies continued to rise, blowing through key price levels by the end of the week and fueling calls for another bull market amid a macroeconomic backdrop that may favor cryptos over equities. Bitcoin’s price is up 7% in the past 24 hours to above $26,500, surpassing levels reached earlier this week and … Read more

Rescue of the First Republic helps contain the banking crisis

On March 16, 2023 in San Francisco, California, a sign was posted on the outside of a First Republic Bank office. Justin Sullivan | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open brings investors up to speed with everything they … Read more

SpaceX’s Starlink Devices Found at Illegal Mining Sites in the Amazon

Sao Paulo CNN β€” Five Starlink internet devices were found on Tuesday at illegal mining sites in the Amazon region during raids by Brazil’s environmental police, the environmental agency said. Starlink are small, easy-to-use satellite dishes made by Elon Musk’s private rocket company SpaceX. Starlink says its equipment β€œcan provide high-speed, low-latency broadband internet in … Read more

Google raises the price of YouTube TV to $73 because of the cost of content

YouTube TV’s price will increase from $65 a month to $73 a month starting in April, according to an email sent to subscribers on Thursday. “As content costs have increased and we continue to invest in the quality of our service, we are updating our pricing to continue to provide you with the best service … Read more

Southeast Asian VC firms are more affected by SVB outages than startups

While SVB serves tech startups and venture capital firms primarily based in the US or with a presence in the US, some VCs in Southeast Asia – such as Jungle Ventures and Golden Gate Ventures – were also clients of SVB. Many VC firms in Southeast Asia could face challenges in finding another bank that … Read more

Stripe raises $6.5 billion at a heavily discounted valuation of $50 billion

Stripe co-founder John Collison gives a speech in Paris in 2016. Jacques Demarthon | AFP via Getty Images Payment processor Stripe raised $6.5 billion at a $50 billion valuation, the company said Wednesday, a sharp discount from its record $95 billion valuation in 2021. “Stripe does not need this capital to run its business,” the … Read more

In customer conversation, SVB new CEO focuses on venture, startup relationships

Tim Mayopoulos attends the Bilt Rewards Launch Party at Equinox Hotel New York at Hudson Yards on June 22, 2021 in New York City. Sean Zanni | Patrick Macmullan | Getty Images Tim Mayopoulos, three days after taking over as government-appointed CEO of Silicon Valley Bank, has a message for his powerful venture capital and … Read more