People wait outside the Silicon Valley Bank headquarters in Santa Clara, California, to withdraw funds after the federal government intervened upon the bank’s collapse, on March 13, 2023. Nikolas Liepins | Anadolu Agency | Getty Images It’s been an unsettling period for consumers and the financial markets as the collapse […]
CNBC News
JPMorgan advising First Republic on strategic alternatives, including a capital raise, sources say
JPMorgan Chase is advising embattled First Republic Bank on strategic alternatives, sources told CNBC’s David Faber. The alternatives may include a capital raise, the sources said, which could dilute current shareholders. A sale of the bank is also a possibility. First Republic shares were last down 30% in a volatile […]
Bitcoin briefly tops $28,000 for the first time in 9 months after bank crisis sparks weekend rally
Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking system and there is also anticipation of a slowdown in interest rate rises, which is helping bitcoin. Filip Radwanski | […]
Trump rape defamation trial postponed, judge rejects E. Jean Carroll cases consolidation
E. Jean Carroll visits ‘Tell Me Everything’ with John Fugelsang in the SiriusXM Studios on July 11, 2019 in New York. Noam Galai | Getty Images A New York federal judge on Monday postponed indefinitely the previously scheduled April trial for the first of two lawsuits accusing former President Donald […]
JPMorgan Chase can be sued by Virgin Islands over Jeffrey Epstein sex trafficking claims
People inside the offices of JP Morgan Chase in New York City. Getty Images A New York federal judge on Monday ruled that the U.S. Virgin Islands and women who accuse the late investor Jeffrey Epstein of sexual abuse can proceed with a lawsuit claiming that JPMorgan Chase knowingly benefited […]
Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more
A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. Mike Segar | Reuters Check out the companies making the biggest moves midday: First Republic — Shares tanked nearly 30% after Standard & Poor’s cut First Republic’s credit […]
Biotech company Illumina pushes back against Carl Icahn’s proxy fight over $7.1 billion Grail deal
Carl Icahn Adam Jeffery | CNBC Biotech company Illumina pushed back Monday against Carl Icahn’s proxy fight over the company’s acquisition of cancer test developer Grail, saying the activist investor’s board nominees “do not add value.” The San Diego-based DNA sequencing company released its latest response to Icahn’s sharp criticism […]
Virgin Orbit scrambles to avoid bankruptcy as deal talks continue
Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Virgin Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as early as this week without a deal, CNBC has learned. The rocket builder paused operations last week and furloughed […]
Big Mac prices are up: Here’s how much you’ll pay for McDonald’s signature sandwich state by state
You might be better off sticking to the Dollar Menu on your next visit to McDonald’s. A recent study shows that price of the fast food chain’s flagship Big Mac sandwich is hitting new highs. CashNetUSA reviewed Big Mac prices in all 50 states to determine where customers pay the […]
Trump seeks to block Georgia election interference criminal charges
Former President Donald Trump in new court filings Monday sought to block him and various allies from potential prosecution for crimes related to his efforts to reverse his loss to President Joe Biden in Georgia’s 2020 election. Trump asked a judge to quash the report of a special grand jury […]