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It's A Bear Market FOMO Bubble In Early Stage Of Collapse, Warns Hedge Fund Manager Who Foresaw 2008 Crisis
Tuesday, June 27, 2023 - 8:58am | 782A bear market rally motivated by the fear of missing out on the continuation of a bubble that is actually in the early stage of collapse is behind the current market advance. It’s what hedge fund manager John P. Hussman, President of Hussman Investment Trust, thinks about the current state of...
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SVB's Collapse Rooted In Treasury Bets During Pandemic: 'Once It Started, There Was No Stopping It'
Sunday, March 12, 2023 - 9:03am | 636Silicon Valley Bank, a unit of SVB Financial Group (NASDAQ: SIVB), was shut down on Friday by the California Department of Financial Protection and Innovation because of "inadequate liquidity and insolvency." The Federal Deposit Insurance Corporation was named as the receiver...
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FDIC To Begin Returning Some Uninsured SVB Deposits As Soon As Monday: Report
Sunday, March 12, 2023 - 8:16am | 550The Federal Deposit Insurance Corporation (FDIC), overseeing the emergency breakup of SVB Financial Group (NASDAQ: SIVB), will sell assets and make a portion of clients' uninsured deposits available as soon as Monday. The initial payout would be made to SVB's distressed...
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Crypto Companies Reveal Exposure To Silicon Valley Bank Following Historic Collapse
Saturday, March 11, 2023 - 1:42pm | 1036Crypto companies and investors are among those impacted by the latest collapse of Silicon Valley Bank (NASDAQ: SIVB), which has sent tech start-ups that once relied on the bank into turmoil. Following news of the bank's demise on Friday, Crypto firm Circle, which has $3.3 billion...
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Larry Summers Says Consequences 'Severe' If Silicon Valley Bank Crisis Isn't Properly Resolved
Saturday, March 11, 2023 - 1:41pm | 639Former Treasury Secretary Larry Summers said that the crisis surrounding Silicon Valley Bank would result in "severe" consequences for the innovation sector of the U.S. economy if regulators don't handle the bank's collapse smoothly. In an interview...
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Cathie Wood Predicts FTX Implosion Will Boost One Crypto Sector Which 'Didn't Skip A Beat'
Saturday, December 10, 2022 - 4:25pm | 377ARK Investment Management founder and CEO Cathie Wood said the recent FTX debacle would benefit one crypto sector. During a recent interview, Wood said that the collapse of FTX would boost the decentralized finance (DeFi) networks. She said that decentralized networks would...
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Bitcoin Breaks Below $20,000: Analyst Says 'Panic Could Be Massive,' Predicts Lower Price Target
Saturday, June 18, 2022 - 6:52am | 524On Saturday, Bitcoin (CRYPTO: BTC) broke below $20,000 for the first time since December 2020. One analyst has been anticipating the breakdown and says things could get worse from here. What Happened: The pseudonymous crypto analyst Capo has been predicting that the overall cryptocurrency...
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Terra's Do Kwon Denies Cashing Out $2.7B, Michaël Van De Poppe Says He Deserves Jail
Sunday, June 12, 2022 - 10:50am | 630Terra (CRYPTO: LUNA) founder Do Kwon has now come on Twitter to refute allegations against him about cashing out funds from the company. On Thursday, TerraForm Labs (TFL) employees said that $80 million of company funds were sent to “secret wallets” every month before the LUNA...
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Binance CEO On $1.6B Loss In Terra Investments; Why He Never Spoke To Do Kwon
Sunday, June 5, 2022 - 9:40am | 493CEO of Binance Changpeng Zhao says that his company initially invested $3 million in the much-hyped Terra (CRYPTO: LUNA) project in 2018. In return, Binance received around 50 million LUNA. But in a recent Twitter post, he indicated that Binance ultimately lost $1.6...
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AnnTaylor Stores Corp. (NYSE:ANN) Shares Close to Collapsing
Friday, January 15, 2010 - 1:24am | 121About the only thing AnnTaylor Stores Corp. (NYSE: ANN) shares have going for them at this point is how anybody who's thinking about shorting the stock, or buying put options on it, has a good chance at making some money. Between the Motley Fool pointing out how unpopular ANN is on their CAPS site...