Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown
Silvergate Capital said on Wednesday that it will wind down operations and liquidate its bank, which served the crypto industry.
An $18 million Ferrari leads record classic-car auction at Amelia Island. See all 10 top sellers
Total sales at the Amelia Island classic-car auction reached $178.4 million — a record for the event, according to Hagerty.
Merrill financial advisor survey shows they love cash and bonds, but hate stocks
Advisors are near-term cautious on stocks but bullish over the next 12 months.
How an ETF with an 11% yield shows a growing use case for active strategies
The JPMorgan Premium Equity ETF is one of the most popular funds on the market, even though it is actively managed.
Three under-the-radar ways to play the global electric vehicle boom from Jefferies
There’s more than one way to tap into the global electric vehicle boom, including looking into welding equipment makers.
U.S. investigates Tesla for steering wheels that can fall off
U.S. auto safety regulators opened an investigation into Tesla’s Model Y SUV after two complaints that the steering wheels can come off while being driven.
Elon Musk apologizes after calling disabled Twitter employee who was laid off ‘the worst’
Elon Musk on Tuesday apologized after questioning the work performance of a disabled Twitter employee who was laid off by the company.
China says it’s ‘puzzled’ after report Germany might ban Huawei from parts of 5G mobile network
Reuters reported, citing a government source, that Germany is considering banning certain components from Chinese firms, including Huawei, in its 5G mobile networks.
No exit ramp for Fed’s Powell until he creates a recession, economist says
The U.S. Federal Reserve is likely to hike interest rates to at least 6.5% if the economy does not enter a mid-year recession, according to TS Lombard Chief U.S. Economist Steven Blitz.
I have always worked twice as hard as men to be equal, IMF chief says
IMF Managing Director Kristalina Georgieva says she had to work “twice as hard” to be equal to her male colleagues.
