Silicon Valley Bank collapsed Friday with financial regulators rushing in to seize control over the tech-focused lender’s assets and liabilities following a frenetic week that saw an unsuccessful attempt to raise capital triggering a depositor exodus.
Stocks extended their decline Monday with the Dow Jones Industrial Averages becoming the last major indexes to officially enter a bear market, the latest milestone in 2022 turmoil as the market deepened its slump amid growing fears of a recession
Stocks sell-off intensified Monday, notching a four-day losing streak with the S&P 500 tumbling into bear market territory as soaring inflation slammed market sentiment over fears recession is looming ahead of this week’s Federal Reserve key FOMC meeting.
Former President Trump launched his harsh attack on cryptocurrency Monday, calling Bitcoin a “scam against the dollar” and urged U.S. regulators to take action to monitor the hype.
White House press secretary Jen Psaki dodged multiple reporters’ questions Thursday about the saga in the stock market involving amateur stock traders collectively taking on some of Wall Street’s most sophisticated hedge fund by fueling GameStop stock.
Robinhood Markets, the online trading platform that has lured millions of amateur retail traders inadvertently unleashed havoc in the stock market Thursday, when they abruptly changed sides by siding with the Wall Street elite over the stock frenzy with GameStop.