‘Chaos creates opportunities’: Strategist says to look beyond the SVB fallout — and names his top picks
Worried about Silicon Valley Bank contagion? Strategist Kenny Polcari says there are some “very good” stocks out there getting slammed for no reason.
As markets turn rocky, these global stocks look resilient and are expected to rally
CNBC Pro screened for stocks that look well positioned to withstand market volatility and are expected to rally.
Asia-Pacific markets rise after Wall Street sees bank stocks rebound
Asian markets rose after Wall Street’s bank stocks rebounded on optimism of contagion risk from Silicon Valley Bank is being contained.
Dow closes more than 250 points lower Wednesday as bank crisis spreads to Europe: Live updates
The Dow Jones Industrial Average fell Wednesday as concern over a banking crisis spreading to Europe pressured the broader market.
CNBC Daily Open: Regional banks rise, and everyone takes a breath
Regional banks rebounded, pointing to resilience in the banking sector. Annual inflation in February was 6%, in line with estimates.
Cathay’s CEO wants to turn the airline back to profitability, but faces manpower constraints
Cathay Pacific hopes to be profitable again in 2023, but returning to its pre-pandemic capacity is going to be a challenge, its CEO told CNBC.
Oakmark’s Bill Nygren sees an opportunity in bank stocks amid sector turmoil
The portfolio manager said “the consistent message we hear is that customers are behaving as they normally would. It’s business as usual.”
SVB execs sold $84 million in stock over the past 2 years, stoking outrage over insider trading plans
Altogether, Silicon Valley Bank executives and directors cashed out of $84 million worth of stock over the past two years, according to Smart Insider.
Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans
Private equity firms Apollo Global Management and KKR are among the parties reviewing a book of loans held by Silicon Valley Bank, CNBC has learned.
Carl Icahn says our economy is breaking because of inflation and poor corporate leadership
Famed activist and raider Carl Icahn believes the U.S. economy is in trouble because of poor corporate leadership and stubbornly high inflation.
