Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry

Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as

Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview

Finance mogul Warren Buffett, one of the most successful investors in history, discussed bitcoin during an interview on CNBCs Squawk Box on April 12. As he has done in previous interviews, the business magnate likened bitcoin to a gambling scheme and

‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023

Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 y $85 por unidad, Goldman Sachs analysts

Mientras que los mercados globales se asustan por Covid y una Fed Hawkish, Las acciones y las criptomonedas se recuperan después de que Musk compra Twitter

Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and Chinas recent Covid-19 outbreak. As equities floundered on

Reporte: Préstamos de recompra secretos de la Fed a megabancos en 2020 eclipsado 2008 rescates, Espectáculos de volcado de datos $48 Billones en financiación sigilosa

Tras los controvertidos rescates bancarios y el Programa de Alivio de Activos en Problemas (LONA) en 2008, los informes muestran tarde 2019 y 2020, los Estados Unidos. La Reserva Federal participó en la provisión de billones de dólares en préstamos de recompra secretos a megabancos. A finales de marzo,…

Geopolitical Risk and Ukraine Worries Shake Equities, Cryptocurrencies — Gold Soars Higher

El miércoles, global markets have been volatile as Ukraine officials declared a state of emergency amid fears of a Russian invasion. mundo financiero’s top indexes shuddered during the days trading sessions, and cryptocurrency markets slipped more than 4% during the 24

Fed’s Minutes Report ‘Bludgeons’ Global Markets — Stocks, Cripto, Precious Metals Slip in Value

Minutes from the U.S. Reserva Federal’s policy meeting on December 14-15 show that the central bank is being persistent about unwinding quantitive easing (QE) tactics and that it views ultra-low interest rates as no longer necessary. Global markets immediately dropped after

Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume

The first bitcoin exchange-traded fund (fondo cotizado en bolsa) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely