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CNBC Financial News

'Stress like 1987': Evercore's Julian Emanuel warns Silicon Valley Bank fallout could force new market low

Mon, 03/13/2023 - 17:51
The 2-year Treasury yield to doing something that hasn't happened since 1987 due to the Silicon Valley Bank meltdown, according to Evercore ISI.

Stocks making the biggest moves after hours: Gitlab, United Airlines, First Republic Bank and more

Mon, 03/13/2023 - 14:22
These are the stocks posting the largest moves in extended trading.

Regulators may still try to find a buyer for Silicon Valley Bank, source says

Mon, 03/13/2023 - 13:57
There's still an opportunity to sell Silicon Valley Bank according to the official, saying that's not off the table.

Here's how 'duration risk' came back to bite Silicon Valley Bank and led to its rapid collapse

Mon, 03/13/2023 - 13:16
We usually don't get into the weeds about bond market moves, but they're important to understanding the second-biggest bank collapse in U.S. history.

Jeffrey Gundlach says Fed will hike funds rate next week to save credibility — but shouldn't

Mon, 03/13/2023 - 13:02
While Gundlach sees more tightening ahead, he doesn't think that's the appropriate response right now as regulators' rescue programs are inflationary in nature.

Something broke, but the Fed is still expected to go through with rate hikes

Mon, 03/13/2023 - 12:57
Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.

Why regulators seized Signature Bank in third-biggest bank failure in U.S. history

Mon, 03/13/2023 - 10:04
The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.

Stocks making the biggest moves midday: First Republic Bank, Moderna, Newmont, Illumina and more

Mon, 03/13/2023 - 09:56
These are the stocks posting the largest moves midday.

Charles Schwab shares drop 11%, but rally off lows as firm defends financial position

Mon, 03/13/2023 - 09:32
Schwab defended its financial position, reiterating that it has plenty of access to liquidity and a low loan-to-deposit ratio.

Investors rush into bonds, gold in flight to safety after SVB rescue

Mon, 03/13/2023 - 06:39
Investors flocked to safe-haven assets amid an emergency plan to backstop the banking system and limit the impact from the collapse of Silicon Valley Bank.

Silicon Valley's 'greed and avarice' have 'finally come home to roost' in SVB collapse, trader says

Mon, 03/13/2023 - 05:54
"Banking should be boring, a lot like watching paint dry — and any time it's not, you've got a problem," one investor told CNBC.

'A huge relief': Startups react to Silicon Valley Bank UK's HSBC rescue deal

Mon, 03/13/2023 - 05:48
"We can look our teams in the eye ... and say, not only will we be able to make next payroll but we can continue business as usual," said one startup founder.

Stocks making the biggest moves premarket: Illumina, First Republic, Seagen and more

Mon, 03/13/2023 - 05:14
Bank lenders saw major losses in early morning trading, stinging from the closure of Silicon Valley Bank and Signature Bank.

Stablecoin USDC nearly regains $1 peg after Circle says $3.3 billion held with SVB will be available

Mon, 03/13/2023 - 04:11
Circle, which issues USD Coin (USDC), said that the $3.3 billion it held with the now-collapsed SVB will be "fully available" on Monday when U.S. banks open.

Silicon Valley Bank collapse hits startups as far away as China

Mon, 03/13/2023 - 03:53
The Silicon Valley Bank fallout has ripple effects on Chinese startups.

Bitcoin jumps 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors

Mon, 03/13/2023 - 01:14
Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the bank's U.K. arm.

Bill Ackman says U.S. did the 'right thing' in protecting SVB depositors. Not everyone agrees

Mon, 03/13/2023 - 01:02
Billionaire investor and Pershing Square CEO Bill Ackman said the U.S. government's intervention to protect depositors after the implosion of SVB is "not a bailout."

In his first address, China's new premier says 'high quality' growth is a priority

Mon, 03/13/2023 - 00:44
China's new premier Li Qiang said China's focus was shifting to what it calls high-quality development, such as building up tech and so-called green industries.

UK's taxes are at a 70-year high. But its finance minister won't splash the cash at upcoming Budget

Sun, 03/12/2023 - 23:43
British Finance Minister Jeremy Hunt will deliver the government's Budget commitments on Wednesday against a better-than-expected economic backdrop.

Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system

Sun, 03/12/2023 - 21:14
Goldman Sachs no longer sees a case for the Federal Reserve to deliver a rate hike at the FOMC's March meeting, economist Jan Hatzius said.