Stripe slashes valuation to $50 billion in new $6.5 billion funding round
Payment processor Stripe raised $6.5 billion, largely to provide liquidity to current and former employees, but at a sharply discounted $50 billion valuation.
‘Big Short’ investor Steve Eisman says if the Fed is scared to raise rates, you should be scared, too
Steve Eisman said if the spreading banking crisis stops the Federal Reserve from raising interest rates next week, investors should be fazed by that.
A recession could come sooner on cooling bank lending
Plummeting bond yields, and steep drops in oil and stock prices are all signaling that investors fear a recession is now on the near horizon.
In client call, SVB’s new CEO urges clients to bring funds back to the bank
Silicon Valley Bank’s new CEO Tim Mayopoulos pitched venture and startup clients hard to help keep the bank alive in a 30-minute call.
An odd benefit of the Silvergate fallout is the outlook for stablecoins has just gotten rosier
Stablecoins have been touted as one of the biggest beneficiaries the recent bank closures. Congress may be friendlier to them than other crypto assets.
There’s been one big beneficiary of the banking crisis so far: Cathie Wood
Cathie Wood’s flagship Ark Innovation ETF reeled in $397 million in new money just Tuesday alone, notching the biggest one-day inflow since April 2021.
Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy
Goldman on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks.
Michael Burry compares government’s bank rescue to J.P. Morgan’s stand that reversed Panic of 1907
Michael Burry said regulators’ extraordinary action to rescue regional banks should be enough to resolve the banking crisis and stabilize the financial markets.
A longevity expert shares the exercise she does to live longer and prevent her body from ‘aging fast’
Stress isn’t always bad for you, studies show. In fact, it can slow the aging process, in the right circumstances. Psychiatrist and bestselling author Dr. Elissa Epel shares how short-term stress exercises can help you live longer.
Apple supplier Foxconn expects decline in consumer electronics demand, prioritizes global growth
Foxconn, a major iPhone supplier and Apple vendor, warned that it expected a decline in consumer electronics demand in the coming year.
