Wells Fargo upgrades JPMorgan Chase, says ‘Goliath is winning’ as uncertainty grows around banking
Wells Fargo upgraded JPMorgan to overweight from equal weight, saying that the banking giant is a source of stability amidst uncertainty in the sector.
Wolfe Research downgrades Tesla, says SVB failure adds to automaker’s macro pressures
Analyst Rod Lache downgraded Tesla shares to peer perform from outperform. Lache maintained his price target of $185.
Auction process is reportedly underway to find a buyer for Silicon Valley Bank
Federal regulators are exploring selling Silicon Valley Bank to another financial institution after the tech-focused bank was taken over on Friday.
Where Paul Wick, seasoned tech stock investor, is raising his bets now
The veteran investor has navigated both the shoals and deep water of the tech industry for more than 30 years.
Etsy warns sellers of delay in processing payments due to Silicon Valley Bank collapse
One affected Etsy seller told NBC News the deposits delay would have a “catastrophic” effect on his business.
Investors implore the government to step in after Silicon Valley Bank failure
Voices from tech and finance are increasingly calling for the federal government to push another bank to take over the failed Silicon Valley Bank.
Amazon’s drone business can’t get off the ground as regulations, weak demand stymie progress
Amazon’s drone delivery business has been bleeding cash as it tries to meet regulatory hurdles and incentivizes early customers to submit orders.
Inflation isn’t dampening people’s desire to travel — but travel companies may be missing a trick
Inflation and higher living costs may be weighing on consumers’ wallets, but there’s one area many are unwilling to cut back on: their desire to travel.
Ford recalling 18 electric F-150 Lightning pickup trucks after battery fire
Ford is recalling 18 F-150 Lightning pickups that have been identified as potentially having a battery cell defect that caused a truck to catch fire last month.
