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☆ Investors are buying energy stocks in record amounts after a dip in oil prices
▼ + stars: | 2023-03-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Investors have been scooping up energy names amid a recent drop in oil prices, according to Bank of America. The energy sector of the S & P 500 is down more than 3% for the month, while the Energy Select Sector SPDR Fund (XLE) is off about 4% in March. Targa Resources , which provides midstream natural gas and natural gas liquids services, has buy ratings from about 86% of the analysts who cover it. The name has the highest upside potential on our list, based on its average target price of 59.4%. Diamondback Energy is on the list with buy ratings from three quarters of its analysts and potential upside of about 38%.

☆ Bitcoin, ether build on recent gains as investors await Fed rate hike decision
▼ + stars: | 2023-03-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrency prices were slightly higher Tuesday as investors braced for the conclusion of the Federal Reserve's two-day policy meeting on Wednesday. Bitcoin was trading back above the $28,000 level, after slipping below this threshold the previous day. Investors are looking forward to the latest policy decision to come out of the Fed's March meeting, which will conclude Wednesday afternoon. As of Tuesday afternoon, there is about a 83% chance of a quarter-point increase by the Fed, according to CME Group's FedWatch tool. While some investors have chalked up the recent crypto rally to dwindling confidence in centralized institutions like Credit Suisse and Silicon Valley Bank, many others maintain that inflation and Fed policy remain the biggest catalysts for the price of bitcoin.

☆ Stock futures are flat as investors await key Fed policy decision: Live updates
▼ + stars: | 2023-03-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures were little changed Tuesday evening as investors braced for the Federal Reserve's next move in its inflation-fighting rate hiking plan. S&P 500 futures added 0.01% and Nasdaq 100 futures hovered at the flat line. The moves came as fears over the ongoing banking crisis showed signs of easing, with investors "heartened by the increasing likelihood that the end of Fed policy tightening is near," said Brian Levitt, global market strategist for Invesco. "Fed tightening cycles typically end with a crisis, and those crises tend to end with policy responses. Investors are looking forward to the latest update from the Fed, at the conclusion of its two-day policy meeting on Wednesday.

☆ Stocks making the biggest moves premarket: First Republic, UBS, Enphase Energy
▼ + stars: | 2023-03-20 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

First Republic — The bank tumbled about 19% premarket after Standard & Poor's cut its credit rating again, to B+ from BB+, on Sunday. S&P first lowered First Republic's credit rating to junk status last week. UBS , Credit Suisse — Shares of UBS fell about 5% before the U.S. open, while Credit Suisse shares plunged 58%. Some analysts said UBS's forced Credit Suisse merger over the weekend could boost investor sentiment toward U.S. regionals. Zions Bancorp.

☆ Bitcoin is up 60% so far this year as investors rediscover appeal as alternative banking system
▼ + stars: | 2023-03-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Cryptocurrencies stood out this week as bank shares tumbled and the global liquidity crisis rocked the stock market. Bitcoin versus the banks The price of bitcoin twice rose above the key $25,200 level to more than $26,000, according to Coin Metrics. BTC.CM= 1Y mountain Bitcoin, 1-year Bitcoin's outperformance amid a crisis in the traditional banking system had some wondering if the price rallied on a potential narrative shift. Though bitcoin was initially designed to be digital cash and an alternative financial system, it spent much of last year trading like a speculative asset. "In practice, bitcoin isn't isolated from the traditional banking system.

☆ Stocks making the biggest moves midday: FRC, FDX, NVDA, BMBL & more
▼ + stars: | 2023-03-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Investors breathed a sigh of relief after the Swiss National Bank said it would provide a liquidity backstop for Credit Suisse. First Republic — The regional bank shares shed over 20% even after the company is set to receive aid from other financial institutions. Credit Suisse — U.S.-listed shares of the Swiss bank fell nearly 11% on Friday, a day after soaring on news the bank will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. Warner Bros Discovery — The media company gained 2% after Wells Fargo upgraded the stock to overweight from equal weight. FedEx — The shipping company saw its stock jump over 8% after the company's fiscal third-quarter earnings topped analysts expectations.

☆ Bitcoin bounces back
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin bounces backTanaya Macheel joins 'Squawk on the Street' to report on Bitcoin's bounce back.

☆ Crypto rallies into weekend, bitcoin heads for its best week since early 2021
▼ + stars: | 2023-03-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

It's headed for its best week since January 2021, which was right before the first bull run that year. Ether rose 3.5% to $1,744.24 and is on pace for its best week since August 2021. The bank's fate continued to weigh on investors even after the embattled lender said it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. Investors have welcomed resilient crypto prices amid the banking crisis this week. The week kicked off with the closures of Silicon Valley Bank and Signature Bank late Sunday but attention was on First Republic Bank throughout the week.

☆ Stocks making the biggest premarket moves: Credit Suisse, Snap, Adobe, PagerDuty & more
▼ + stars: | 2023-03-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves in premarket trading:Credit Suisse — U.S.-listed shares of Credit Suisse gained nearly 6% after the Swiss bank said it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. Occidental Petroleum — Shares rose nearly 1% after Warren Buffett's Berkshire Hathaway bought another 7.9 million shares, totaling $466.7 million. Baidu — U.S. listed shares of Baidu sank nearly 6% after the Chinese tech company unveiled its ChatGPT alternative, Ernie bot. PagerDuty — Shares rallied nearly 6% after the digital operations management platform's earnings and revenue topped estimates for the fourth quarter. Adjusted earnings per share came in at 8 cents per share, versus the 2 cents expected, per Refinitiv.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin nears $25,000, and new FTX management says the firm moved billions to SBF: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andrew Thurman, head of content at the blockchain analytics firm Nansen, breaks down the impact of the recent bank shutdowns.

☆ Sell any bounce in the banks, warns BCA Research
▼ + stars: | 2023-03-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

With unprecedented volatility in the market this week, thanks to the recent U.S. bank closures and fear of contagion spreading across Europe, the BCA Research team is doubtful banks can stay profitable in the foreseeable future. The KBW Regional Banking Index is higher by just 0.2% Thursday. There also could be an opportunity for investors to use potential bounces to underweight the industry, she added. KBWR 1D mountain KBWR Regional Bank index "We believe that this remains the most prudent course of action, selling banking exposure into a potential bounce," she wrote. "To capture the best exit point, we are putting banks on a downgrade watch from current neutral position."

☆ Stocks making the biggest moves midday: First Republic, Signet Jewelers, Snap and more
▼ + stars: | 2023-03-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

A customer walks past an ATM outside of a First Republic Bank branch in Manhattan Beach, California, on March 13, 2023. First Republic Bank — Shares of First Republic erased earlier losses and were last up about 22%. UiPath — The stock surged 17.5% after the automation software company reported fourth-quarter adjusted earnings per share of 15 cents, beating the StreetAccount estimate of 6 cents per share. Adobe — The software maker saw its stock jump nearly 5% after the company reported fiscal first-quarter results that topped Wall Street estimates. The Wall Street firm said the stock has fallen to levels that are attractive.

☆ Bitcoin gains amid growing investor concern over global banking crisis
▼ + stars: | 2023-03-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

A pile of Bitcoins are shown here after Software engineer Mike Caldwell minted them in his shop in Sandy, Utah. Bitcoin added about 1.5% to $24,763.60, according to Coin Metrics, while Ether added more than 1% to trade at $1,667.56. Earlier Thursday, bitcoin briefly touched $25,000, which has been a key level watched by chart analysts. Global markets were further rocked this week after Credit Suisse revealed "material weaknesses" in its finances and the Saudi National Bank said it wouldn't invest additional capital to shore up the beleaguered Swiss lender. Late Wednesday, the Swiss National Bank stepped in, allowing Credit Suisse to borrow up to about $54 billion, easing immediate concerns over Credit Suisse's liquidity.

☆ Fact Check-CNBC did not publish article linking U.S. movie theatre group AMC to Silicon Valley Bank collapse
▼ + stars: | 2023-03-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Social media users are sharing a screenshot of a purported CNBC report that links U.S. movie theater chain AMC Entertainment Holdings Inc to the Silicon Valley Bank (SVB) collapse, but the CNBC report is fabricated. There is no record of the alleged article on the CNBC website and a spokesperson for CNBC told Reuters that it had never published such a report. Differences between the alleged article shared on social media and a real article by Macheel can be seen in this comparison, with the fake article on the left and the authentic one on the right (imgur.com/a/QYUbddc). There is no record of the fabricated article on the CNBC website and a CNBC spokesperson outlet told Reuters that it had never published such a report. Read more about our work to fact-check social media posts (here).

☆ Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and more
▼ + stars: | 2023-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Credit Suisse — Shares of Credit Suisse plunged 25% after its biggest backer, Saudi National Bank, said it won't provide the Swiss bank with further financial help. First Republic Bank — The regional bank stock tumbled 23%, giving back some of Tuesday's gains as turmoil at Credit Suisse rattled the broader sector and S&P Global Ratings downgraded its debt rating to BB+ from A-. U.S. banks — Major U.S. banks tumbled on Wednesday as unease over the latest crisis at Credit Suisse spooked some investors. Energy stocks — Major energy stocks took a hit as oil stooped to its lowest level in more than a year. New York Community Bancorp — The regional bank stock jumped more than 5%, bucking the broader sell-off trend in banking names.

☆ An odd benefit of the Silvergate fallout is the outlook for stablecoins has just gotten rosier
▼ + stars: | 2023-03-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Stablecoins have been touted as one of the biggest beneficiaries of the end of Silvergate and Signature . The problem is, though, that stablecoin issuers still need access to a crypto bank, so the risk is now further concentrated." The legislation — the Pennsylvania Republican's second effort that year — would have required stablecoins to be fully backed by reserves. De-risked from the banking system Some stablecoins may offer an on-ramp into crypto, but they won't take the place of bank accounts . Some in crypto have been pointing out that although Silvergate and Signature were the biggest crypto banks, they weren't the only ones.

☆ Crypto rallies following SVB collapse
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto rallies following SVB collapseCNBC's Tanaya Macheel joins 'Closing Bell: Overtime' to report on what's behind the crypto bounce after the collapse of Silicon Valley Bank.

☆ Stocks making the biggest moves midday: BuzzFeed, First Republic, Meta and more
▼ + stars: | 2023-03-14 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

(Photo by Justin Sullivan/Getty Images)BuzzFeed — Share of the internet media company lost about 10% on a weak first-quarter revenue outlook. Buzzfeed expects first-quarter revenue of $61-$67 million, compared to expectations of $83.6 million, according to FactSet. Meta Platforms — Meta shares gained 6% after CEO Mark Zuckerberg said Tuesday the social media company plans to cut 10,000 employees. First Republic , PacWest Bancorp, Western Alliance Bancorp , Comerica — Regional banks rallied sharply Tuesday after being hit hard last Friday and Monday. Shares of San Francisco-based First Republic rose about 50%, while PacWest jumped more than 60% and Western Alliance Bancorp gained more than 40%.

☆ 'Fast Money' trader Tim Seymour sees potential in Home Depot, despite weakness in the shares
▼ + stars: | 2023-03-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Home Depot is down for the year, but Tim Seymour still likes the home improvement name. The founder and chief investment officer of Seymour Asset Management also said it's cheaper than competitor Lowe's , on CNBC's " Fast Money " Tuesday night. Home Depot posted its quarterly results in February, falling short of analysts' expectations on revenue , according to Refinitiv. Fellow "Fast Money" panelist Karen Finerman, founder and CEO of Metropolitan Capital Advisors, said she's invested in both stocks. The comments came after homebuilder Lennar reported its latest quarterly financial results , beating analysts' estimates for earnings and revenue, according to Refinitiv.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin nears $26,000, and Binance halts UK customer deposits and withdrawals: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sid Powell, CEO and co-founder of Maple, breaks down what's next for institutions following the demise of the two main banks for the crypto industry.

☆ Crypto rallies for a second day after latest U.S. inflation data comes in as expected, bitcoin jumps above $26,000
▼ + stars: | 2023-03-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Bitcoin jumped on Tuesday to levels not seen since last summer, extending its Monday rally as investors weighed the latest inflation data. Bitcoin rose more than 7% to $26,110.50, according to Coin Metrics. Bitcoin is now up about 28.5% since Friday, when regulators shut down Silicon Valley Bank, and 59% for 2023. The jump coincided with the latest consumer price index reading, which showed an increase of 0.4% in February from January, matching the consensus estimate of economists polled by Dow Jones. So-called core CPI, which removes volatile food and energy prices, showed a monthly increase slightly above economists' expectations, and a year-over-year change in line with expectations.

☆ Stocks making the biggest moves midday: First Republic Bank, Moderna, Newmont, Illumina and more
▼ + stars: | 2023-03-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

REUTERS/Mike SegarCheck out the companies making the biggest moves midday:Regional banks —Shares of regional banks plummeted following the collapse of Silicon Valley Bank and Signature Bank. Citi , Bank of America , Goldman Sachs — Shares of major banks also saw losses after the closure of the Silicon Valley Bank and Signature Bank. Moderna — The biotechnology company's shares gained nearly 6% after TD Cowen upgraded the stock to outperform from market perform. Spot gold passed the key level of $1,900 as investors bet the Federal Reserve may tone down rate hikes on the heels of Silicon Valley Bank's collapse. Over the weekend, NBC News reported that the e-commerce company warned sellers that the collapse of Silicon Valley Bank is causing delays in processing payments.

☆ Crypto just lost both of its main banks. Here's what it means for the industry going forward
▼ + stars: | 2023-03-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The days before the industry had crypto-forward banks to turn to were some of the darkest for the industry. At the end of February, three major banking regulators issued a joint statement warning banks of the liquidity risks associated with banking crypto companies. "Banks and law firms are getting a clear message from regulators: distance yourselves from crypto companies," said Ric Edelman, founder of the Digital Assets Council of Financial Professionals. "But for the moment, crypto companies are increasingly finding themselves where cannabis companies were a decade ago." Employees work at a Signature Bank branch in Manhattan on March 13, 2023 in New York City.

☆ Cryptocurrencies rally despite shutdown of crypto friendly Signature Bank, bitcoin breaks through $24,000
▼ + stars: | 2023-03-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Since the January rally in risk assets began to fizzle out, chart analysts have been looking for a meaningful break above $25,000. "Bitcoin is one of the most sensitive assets to market liquidity, since its 'risk' profile is unencumbered by earnings or ratings concerns," she said. Signature Bank was another famously crypto-friendly institution and the next biggest one next to Silvergate, which announced its impending liquidation last week. Wall Street analysts Friday had maintained buy ratings on Signature Bank, even as the bad news around Silvergate and SVB unfolded. The end of the Silvergate-Signature duo leaves crypto with few "on-ramps" that allow fiat money to flow into crypto assets.

☆ Stock futures open higher as regulators work to thwart any contagion from SVB's demise: Live updates
▼ + stars: | 2023-03-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Stock futures opened higher Sunday evening as investors awaited details on the next steps in the Silicon Valley Bank crisis. Federal regulators are conducting an auction for Silicon Valley Bank. The major indexes are coming off a losing week after the collapse of SVB sent shockwaves through the stock market. On Friday Silicon Valley Bank was taken over by regulators after massive withdrawals a day earlier created a bank run. "If the market feels that SVB is an isolated event, then the fear and contagion driven selling may abate.

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