Wage growth is cooling — but workers still have bargaining power, economists say
The Federal Reserve is trying to rein in historically high wage growth to tame inflation. Overall, the job market remains hot for workers, economists said.
Crypto bank Signature slides on Friday amid troubles at Silicon Valley Bank, Silvergate
Signature Bank shares dropped as much as 32% on Friday and were halted amid a sell-off in bank stocks that continued for a second day.
Fintech startup Brex got billions of dollars in Silicon Valley Bank deposits Thursday, source says
Companies including JPMorgan Chase, Morgan Stanley and First Republic have also seen heightened inflows Thursday as SVB’s stock tanked.
Just like that: Market pricing swings back to quarter-point Fed rate hike
One bank implosion and a cooperative jobs report later, and the market has changed its mind.
First Republic, other regional bank stocks sink after failure of Silicon Valley Bank
The declines on Friday were building on large sell-off from Thursday.
Two-year Treasury yield posts its biggest 2-day drop since 2008 as financial crisis raged
Treasury yields fell sharply Friday as worries as the shutdown of Silicon Valley Bank sparked a flight to safer assets such as government bonds.
Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis
The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.
31% of new cars sold for above sticker price last month. These 10 models have the biggest premiums
Even though new car buyers are paying less of a premium than a year ago, the average sale is 8.8% above the manufacturer’s suggested retail price, or MSRP.
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.
Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed, sources say
SVB is a major bank for venture-back companies, and cited cash burn from clients as one reason it was looking to raise additional capital.
