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☆ Fed loans, account guarantees helped stabilize 'deposit flows' at regional banks, Treasury official says
▼ + stars: | 2023-03-17 | by ( Christina Wilkie | ) www.cnbc.com time to read: +3 min

Following the collapse of California-based Silicon Valley Bank and New York-based Signature bank last Friday and Sunday, respectively, regulators announced a series of emergency measures to stabilize the nation's banking system. "It will take time for markets to catch up with the actions that have been taken by us and by these banks," Adeyemo said on CNBC's " Squawk on the Street ." The result of the actions was a dramatic turnaround in the fortunes of numerous banks, said Adeyemo. That included banks that had anticipated potential mass withdrawals, and pledged collateral ahead of time expecting to need emergency loans. "Are all uninsured depositors in the U.S. banking system protected right now?"

☆ Hundreds of startups face a crippling cash crunch and an 'extinction-level event' if no one buys Silicon Valley Bank by Monday
▼ + stars: | 2023-03-11 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +5 min

Silicon Valley Bank's collapse has left hundreds of startups facing a cash crunch and payroll crisis. It leaves hundreds of startups that deposited their cash with the bank in turmoil, as they try to continue operating while millions in funds are locked up. Startups scramble for cashThe need for startups to make payroll is one being echoed across the VC ecosystem. In a tweet, founder Nikita Bier said: "The number of growth stage companies that had their cash at SVB is huge. Even startups that didn't bank directly with SVB have been hit by its collapse.

☆ The U.S. has warned on China's support for Russia. Now the EU says 'we need to remain vigilant'
▼ + stars: | 2023-03-03 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

The CIA Director Bill Burns told CBS News last week that he is confident China is considering providing lethal aid to Moscow. China's role in international politics in the wake of Russia's invasion of Ukraine last year has been a particularly sensitive one for western nations. Europe's top diplomat said the West needs to be vigilant when it comes to support for Russia from China, after U.S. officials warned that Beijing could be about to send lethal weapons to Moscow. Blinken had previously told NBC that there is information that China is "strongly considering providing lethal assistance to Russia." "The U.S. has been pouring lethal weapons into the battlefield in Ukraine and heightening tensions, while spreading false and malign accusations against China.

☆ 'The market has gone too far:' Chief global strategist predicts when the Fed will cut rates
▼ + stars: | 2023-02-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Investors should not expect a cut in interest rates until 2024 thanks to a strong U.S. economy and the potential for a delayed recession, according to the chief global strategist at Principal Global Investors. In fact, the Federal Reserve keeping interest rates higher for longer is the "scenario that we're looking at now," Shah told CNBC's Julianna Tatelbaum. The employment picture started 2023 on a stunningly strong note , with nonfarm payrolls posting their biggest gain since July 2022 despite a rapid increase in interest rates last year. 'Absolutely no cuts this year' When asked when investors should expect a cut in interest rates, Shah responded that it wouldn't be until 2024. Goldman Sachs expects interest rates to hit 5.38% by the second quarter, with the first cut to 5.13% expected in the first three months of next year.

☆ 'China cannot be out, China must be in': France says it's diverging with Washington on Beijing ties
▼ + stars: | 2023-01-20 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

DAVOS, Switzerland — The European Union does not see eye-to-eye with the United States when it comes to opposing China, the French finance minister told CNBC Friday. Speaking at a panel at the World Economic Forum in Davos, Switzerland, looking at the economic outlook, France's Bruno Le Maire said: "China cannot be out, China must be in. "We don't want to oppose China, we want to engage with China, we want China to obey by the same rules," he said, "this is our policy." The United States has taken a confrontational approach with China particularly when it comes to the technology sector. The European Union, however, has looked at striking a balance between its political friendship with the U.S. and its economic ties with China.

☆ Scaramucci sees bitcoin at $50,000 to $100,000 in 2-3 years as market hopes for bull run
▼ + stars: | 2023-01-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Bitcoin is expected to trade within a range, be sensitive to the macroeconomic situation such as interest rate rises and continue to be volatile. "I think there's a little bit more downside, but I don't think there's going to be a lot," Bill Tai, a venture capitalist and crypto veteran told CNBC last week. "I don't think there's a lot of forced selling remaining, which is optimistic," Demirors told CNBC Friday. Bitcoin has proved to be closely correlated to risk assets such as stocks, and in particular, the tech-heavy Nasdaq . Last year, the Fed embarked on an aggressive interest rate hike path to try to tame inflation, which hurt risk assets along with bitcoin.

☆ Scaramucci says SkyBridge can buy back FTX stake this year, alleges SBF 'committed fraud’
▼ + stars: | 2023-01-13 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

FTX bought a 30% stake in SkyBridge in September, before the crypto company filed for bankruptcy on Nov. 11. We'll of course have to let the legal system determine all of those things," Scaramucci told CNBC. Bankman-Fried has pleaded not guilty to eight federal charges including fraud and money laundering. Meanwhile, FTX co-founder Gary Wang and Caroline Ellison, the former co-CEO of Alameda Research, have both pleaded guilty to federal charges connected with FTX's collapse and are working with investigators. Alameda Research was the crypto hedge fund started by Bankman-Fried and affiliated to FTX.

☆ The Investing Club's top 5 things to watch in the market Friday: Stocks lower, China Covid cases, Dogs of the Dow
▼ + stars: | 2022-12-30 | by ( Zev Fima | ) www.cnbc.com time to read: +2 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Dan Niles thinks the S&P 500 will hit a ‘new low’ in 2023. Here’s how he is trading it
▼ + stars: | 2022-12-12 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

He believes the S & P 500 will see a Santa Claus rally before hitting a new low in 2023. "Why are we bearish longer-term and believe the S & P will hit a new low in 2023?" Niles said the U.S.-focused long-short equity fund is up this year, beating the S & P 500, which has declined around 17% in the same period. Key to its outperformance is the strategy of pairing short positions with long ones, Niles said. The Satori Fund has short positions in tech stocks with advertising exposure, such as Google parent Alphabet .

☆ Shares of this under-the-radar global miner are set to rally 50%, analyst says
▼ + stars: | 2022-12-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares in Sylvania Platinum , a little-known London-listed miner, are set to rise by 50%, according to Ben Davis, mining analyst at Liberum Capital. The company, which extracts metals such as platinum, palladium, and chrome, also offers an 8% dividend yield. Shares in the company were trading around £1 ($1.21) Friday, but Davis sees them hitting £1.50 in 12 months. Sylvania Platinum is also favored by Neil Shah, director at the investment research group Edison Group. The metals the company extracts are bought by both investors and industrial customers, which means their prices are more resilient than other commodities during economic downturns.

☆ Wall Street's top commentators are torn on what the Federal Reserve will do next. Here's what to know.
▼ + stars: | 2022-12-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Traders are largely expecting policymakers to make a 50-basis-point rate hike, a smaller move than the previous four 75-basis-point increases. But next week's adjustment isn't what's top of mind for Wall Street's top Fed commentators — they're looking ahead to next year. To Bridgewater chief investment officer, Rebecca Patterson, the Fed would be justified in surprising markets by holding rates higher for longer. Sustained elevated rates are going to usher in dramatic changes to the economic landscape — and former Treasury Secretary Larry Summers agrees. The price cap on Russian oil is "immaterial" and won't make a significant difference on market pricing, according to Vanda Insights.

☆ 'Incredibly cheap': Strategist says Chinese tech stocks, like Alibaba, are a clear buy right now
▼ + stars: | 2022-11-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

This year's 30% decline in the value of Chinese Big Tech stocks, such as Alibaba , has made them "incredibly cheap," according to investment bank China Renaissance. "We saw body blow after body blow when it came to that regulatory environment," Maynard told CNBC Friday, speaking from Hong Kong. According to Maynard, major global long-only investors, which dominate the Hong Kong stock exchange, now view large-cap tech stocks such as Alibaba, Meituan , Tencent and JD.com as "very deeply undervalued." Its Hong Kong traded shares ended the day up over 2% Friday, although its New York-listed shares were in the red after rising 7.8% the day before. However, Maynard cautioned that investors who ignore Chinese technology stocks would likely miss out on significant returns in the future.

☆ As the FTX fallout spreads, smaller cryptocurrencies may have to stop be taken off exchanges to protect consumers, Crypto.com CEO says
▼ + stars: | 2022-11-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The CEO of Crypto.com said exchanges may have to delist smaller cryptocurrencies to protect users as FTX-related volatility spreads. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. One consequence of the fallout has been reducing the liquidity in the broader market, and various exchanges are going to have adjust accordingly. "The business generated over a billion dollars last year, and almost generated a billion dollars in revenue this year. Marszalek cautioned that the broader sector could face trouble as confidence erodes in the wake of the lastest crypto chaos.

☆ Tempted to buy the dip on tech stocks? Strategist reveals when to get back in
▼ + stars: | 2022-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Amazon , Meta and Alphabet 's stocks all tanked last week after disappointing earnings, but investors looking to buy tech stocks on the dip should hold off for now, according to strategist Dan Scott. Still, he suggested that wasn't enough for the central bank to move away from its hawkish stance on raising interest rates. Instead, she expects a multiple compression, such as a decline in price-to-earnings ratio, in Big Tech stocks by the end of the year. Markets are expecting interest rates to rise by 75 basis points on Nov. 2, with a similar rise on Dec. 14. The problem is the outlook: 2-8% growth is not what I'm looking for in the tech stocks," he said.

☆ Here's why U.S. fiscal policy is undermining the Fed's aggressive efforts to fight inflation
▼ + stars: | 2022-09-23 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Central bank tightening — under the umbrella of monetary policy — is only one side of the equation when it comes to managing inflation. The other is fiscal policy, which is controlled by lawmakers in Congress. Coordinated fiscal- and monetary policy can have a compounding effect in stamping out inflation. But given that U.S. fiscal policy is not acting in concert with monetary policy, the Fed's efforts to bring down inflation have become all the more complicated. In the years since the 2007-2009 global financial crisis, expansionary fiscal policy — and monetary policy for that matter — has not posed much of a problem due to overall low inflation.

☆ The view from Brussels: EU pushes for Brexit after decisive Boris Johnson win
▼ + stars: | 2019-12-13 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

KENZO TRIBOUILLARD | AFP | Getty ImagesBRUSSELS –European leaders have roundly declared that it's now time to get on with Brexit after U.K leader Boris Johnson secured an emphatic win in the country's general election. He told CNBC: "We are ready, we have decided what are our priorities," adding that it will be "important to keep this close cooperation with the United Kingdom." A new trade agreementJohnson has said that it is his aim to reach a trade deal with the EU within this transition period. However, European leaders told CNBC that it will be possible to reach a deal. "In 11 months you can do a lot of things, if you have the political will," Pedro Sanchez, the Spanish prime minister told CNBC Thursday.

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