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☆ 8 of the biggest stock market crashes in history — and how they changed our financial lives
▼ + stars: | 2024-07-19 | by ( Rebecca Reisner | Richard Richtmyer | ) www.businessinsider.com time to read: +20 min

While the triggers for stock market crashes vary, the ultimate outcome is always the same: the market recovers. Here's a summary of eight of the most notable stock market crashes in history, their causes, and their fallout. Stock market crash FAQWhat happens when a stock market crashes? Numerous things can cause a stock market to crash, including:PanicNatural or man-made disastersEconomic crisesSpeculationCan a stock market crash be prevented? Unlike a bear market, stock market corrections are often short and usually work themselves out.

Persons: It's, Terry Marsh, Here's, Stocks, Carola Frydman, J.P, Morgan, —, Blair Hull, Alan Greenspan, Marc Chandler, Marsh, weren't, Tyler Muir, Thai bhat, Paula Bronstein, Stringer, Chandler, chipmaker, WebVan.com, Muir, The, Lehman Brothers, NICHOLAS ROBERTS, homebuyers, Bear, Lehman, Fannie Mae, Freddie Mac, Dodd, Frank Wall, Europe —, Italy — Organizations: Federal Reserve System, SEC, FDIC, Haas School of Business, University of California, Federal Reserve, United Copper Company, UCC, Kellogg School of Management, Northwestern University, Federal, System, Dow Jones, Gross, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Dow, Nasdaq, Chicago, Black, Bannockburn Global Forex, UCLA Anderson School of Management, Getty, Asia, International Monetary Fund, chipmaker Qualcomm, The Sarbanes, Oxley, Investors, Financial, Bear Stearns, Lehman Brothers, Nikkei, US, Asset, Frank Wall Street Reform, Consumer, Consumer Financial, Dow Jones Industrial, Center, Budget, Stock, Corrections Locations: University of California Berkeley, AFP, Iran, Bannockburn, Japan, Thai, Asia, Thailand, Malaysia, Indonesia, South Korea, COVID, China, Europe, Italy, Chevron

☆ A part-time trader who gained 127% in 5 months this year shares how he finds stocks and an 'immediate' buy signal for an imminent breakout
▼ + stars: | 2024-07-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Read previewJohn Rodrigues works a full-time 9-to-5 job as an associate manager in operations at PGIM, Prudential's investment management arm. And vice versa, if the index is high, it signals high volatility and fearful investors, indicating that the market may be reaching a low. Here, he can see different metrics for stocks, allowing him to watch for signals he likes to trade on. He also looks at the stock's day's volume; if it rises above 25% of its 50-day volume, it's another likely trade. But perhaps one of the best signals that a breakout is about to really outperform the market is those with very high volume relative to the past two years.

Persons: —, John Rodrigues, doesn't, Bob Brinker, Brinker, Rodrigues, Norman Zadeh, " Rodrigues Organizations: Service, New York Stock Exchange, Business, Companies, Nasdaq, Investors Intelligence, IBD, Micro Locations: PGIM, Chicago

☆ Corn hits 3-month high; soy, wheat climb on global crop weather woes
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: +2 min

Wheat futures hit a one-week high on renewed concerns over dry weather in Russia, the world's biggest wheat supplier. In Argentina, corn stunt disease spread by leaf-cutter insects and adverse weather prompted the Buenos Aires grains exchange to slash its estimate for Argentina's 2023/24 corn harvest by 3 millions metric tons to 46.5 tons. In wheat, Russia's IKAR agricultural consultancy cut its forecast for the country's crop to 91 million metric tons from 93 million tons and its wheat exports to 50.5 million metric tons from 52 million tons. Wheat futures jumped as weather forecasts showed the region getting virtually no rain in the coming two weeks. Managed money funds held a net short position in CBOT wheat futures at the beginning of 2024 because of a strong dollar and slow U.S. demand, Zuzolo said.

Persons: Jim Niewold, Susan Stroud, Mike Zuzolo, Nature, Zuzolo Organizations: Chicago Board of Trade, Global, Analytics Locations: Loda , Illinois, Brazil, Russia, Brazil's Rio Grande do Sul, Argentina, Buenos Aires, South America

☆ From Wall Street to Chicago, why stock exchanges ring bells
▼ + stars: | 2024-03-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +9 min

New York CNN —The New York Stock Exchange opens every workday morning at 9:30 am ET with the fast-paced bang-clang of a gleaming brass bell. The stock exchange, the largest in the world by market capitalization, has opened with sonic fanfare for more than 150 years. From Wall Street to the Nasdaq Exchange in Times Square to the Chicago Board Options Exchange, loud, ringing bells bookend each trading session. Stock exchanges say that the bell ringing remains both a critical guide and a ceremony that celebrates the market’s resilience through devastating lows and exuberant highs. The stock exchange had been closed since two hijacked commercial airliners were deliberately crashed into the World Trade Center's twin towers on September 11.

Persons: there’s, ”, Peter Asch, Reagan, Ronald Reagan, Serena Williams, Nelson Mandela, Richard Grasso, Henny Ray Abrams, David Howson, Scott Olson, Howson, Mark McCooey, Morgan Stanley, ” McCooey, Karen Snow, Brendan McDermid, Barbie, Barbie ”, “, Chris Hondros, Trudi Wagner, Wagner, Ronald Moser, Wagner That’s, Goldman Sachs, ” Wagner Organizations: New, New York CNN, The New York Stock Exchange, Nasdaq Exchange, Exchange, New York Stock Exchange, Jersey Shore, NYSE, Former South African, Getty, Cboe, yanks, Nasdaq, Microsoft, UN, United Nations, Bell, Warner Bros, Warner Bros ., World Trade Center, Trade Center, United, New York Stock, Trade, Dow Jones Locations: New York, Chicago, Jersey, Asch, AFP, York, Chicago , Illinois, New York City, America, United States, New Jersey, Manhattan, Charleston , South Carolina

☆ 2024 will be a perilous year for the world economy as geopolitical tensions ramp up, top economists warn
▼ + stars: | 2024-01-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Top economists are fretting about geopolitical tensions, according to a World Economic Forum survey. AdvertisementThe year 2024 will likely be a stormy one for the global economy as growth slows and geopolitical tensions ramp up around the world, according to a World Economic Forum survey. More than half the respondents said the world economy will get weaker this year, and 70% predicted looser financial conditions – implying that they believe central banks, including the US Federal Reserve, will start lowering interest rates at some point in 2024. Advertisement"Amid accelerating divergence, the resilience of the global economy will continue to be tested in the year ahead," WEF managing director Saadia Zahidi said. "Though global inflation is easing, growth is stalling, financial conditions remain tight, global tensions are deepening and inequalities are rising."

Persons: they're, Ray Dalio, Jamie Dimon, —, Saadia Zahidi, JPMorgan Chase, aren't Organizations: Service, US Federal Reserve, JPMorgan, Sunday Times, Bridgewater Associates Locations: Swiss, Davos, Ukraine, China, Chicago

☆ Cboe tops Q3 profit estimates on strong trading volumes
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

Chicago Board Options Exchange (CBOE) Global Markets sign hangs at its headquarters building in Chicago, Illinois, U.S., September 19, 2018. REUTERS/Michael Hirtzer Acquire Licensing RightsNov 3 (Reuters) - Exchange operator Cboe Global Markets Inc (CBOE.Z), on Friday sailed past analysts' estimates for third-quarter profit as transaction volumes surged amid spiraling volatility in the global markets across asset classes. Revenue from its options segment surged 14%, while total revenue rose 9% to $480.5 million. On an adjusted basis, Cboe posted a profit of $2.06 per share, compared to analysts' average estimate of $1.86, according to LSEG data. Cboe expects organic net revenue growth to be at the high end of its target of 7% to 9% in 2023.

Persons: Michael Hirtzer, Cboe, Sri Hari, Sriraj Organizations: Exchange, REUTERS, Cboe, Markets Inc, Revenue, Nasdaq, Intercontinental Exchange, Sri, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ Morgan Stanley says buy 'top’ stocks like Apple to fight the growing market malaise
▼ + stars: | 2023-08-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Investors may be feeling some market indigestion in August, but Morgan Stanley said there are still top stocks to buy settle down portfolios. CNBC Pro combed through recent Morgan Stanley research to find the well positioned stocks for August. In particular, Morgan Stanley said it's impressed by Keurig's commitment to improve coffee fundamentals. Morgan Stanley gave several reasons in its earnings reaction note as to why CBOE is well-positioned as a top pick. Howmet Aerospace Meanwhile, shares of Howmet Aerospace are up over 25% this year, but the stock has plenty more room to run, according to Morgan Stanley.

Persons: Morgan Stanley, Dr Pepper, Dara Mohsenian, Mohsenian, it's, Keurig's, Michael Cyprys, Cyprys, Kristine Liwag, Howmet, Liwag, Pepper Organizations: CNBC, CBOE, Chicago, Howmet, Howmet Aerospace, Airbus, Boeing, Commercial Locations: Europe, 2H23

☆ Black Sea wheat war is sideshow for grain deal
▼ + stars: | 2023-08-09 | by ( Pierre Briancon | ) www.reuters.com time to read: +4 min

LONDON, Aug 9 (Reuters Breakingviews) - A fast-escalating wheat war in the Black Sea may have a silver lining. The Turkey-brokered accord had allowed Kyiv, the world’s fifth largest wheat producer, to export food via Odesa across the Black Sea. As a result, global wheat prices on the Chicago Board of Trade declined by nearly 40% between October and May. Reuters GraphicsNervousness around the unravelling of last year’s grain deal triggered short-lived spikes of 17% to 20% in wheat prices. Both Moscow and Kyiv know by now that protecting their vital grain exports is in both countries’ interest.

Persons: Vladimir Putin, Putin, Antony Blinken, ” Blinken, Tayyip Erdogan, Russia ”, Lisa Jucca, Oliver Taslic Organizations: Reuters, Agriculture, U.S . Department of Agriculture, Chicago Board of Trade, NATO, SWIFT, Russia’s Defence, Security, Thomson Locations: Novorossiysk, Ukraine, Izmail, The Turkey, Kyiv, Russia, Romania, Moscow, United States, Europe, Russian, Ukrainian

☆ Exchange operator Cboe's profit rises on swelled up trading volumes
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

People walk by the Chicago Board Options Exchange (CBOE) Global Markets headquarters building in Chicago, Illinois, U.S., September 19, 2018. REUTERS/Michael Hirtzer/File PhotoAug 4 (Reuters) - Exchange operator Cboe Global Markets (CBOE.Z), on Friday reported a rise in its quarterly profit, driven by swelled up trading volumes as markets continue to rebound from last year. The Chicago-based group, which provides trading platforms for equities, foreign exchange and derivative products across markets in different regions, saw its net revenue rise 10% to $467.1 million. Cboe's results wrap up a strong quarter for exchange operators. Its peer, New York Stock Exchange-parent Intercontinental Exchange (ICE.N), also reported upbeat results on Thursday.

Persons: Michael Hirtzer, Investors, Cboe, Jaiveer Singh, Milla Nissi Organizations: Chicago, Exchange, REUTERS, Cboe, New York Stock Exchange, Intercontinental Exchange, Thomson Locations: Chicago , Illinois, U.S, Chicago, Bengaluru

☆ Even Pope Francis is calling on Russia to rejoin the Black Sea grain initiative as wheat prices spike
▼ + stars: | 2023-07-31 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Pope Francis called on Russia to restore the Black Sea grain deal Sunday. “I appeal to my brothers, the authorities of the Russian Federation, so that the Black Sea initiative may be resumed and grain may be transported safely,” Francis said. "I appeal to my brothers, the authorities of the Russian Federation, so that the Black Sea initiative may be resumed and grain may be transported safely," Francis said during his weekly Angelus message, delivered to Roman Catholics worldwide. Benchmark wheat prices had their biggest one-day jump in over a decade the week Russia pulled out of the Black Sea grain deal, a United Nations-brokered agreement that had allowed Ukraine to export grains and oilseeds through a safe shipping corridor for the past year. As well as Pope Francis, top policymakers from the UN and European Union have warned that Russia's latest economic assault on the West will make it much more expensive for poorer countries to import grain.

Persons: Pope Francis, Moscow, ” Francis, Francis, Angelus, Pope, António Guterres, Josep Borrell Organizations: UN, Russian Federation, Service, United Nations, Chicago Board of Trade, Kremlin, European Union Locations: Russia, Wall, Silicon, Ukraine, Moscow

☆ CNBC Daily Open: Tech stocks were battered
▼ + stars: | 2023-07-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Elon Musk, CEO, CTO, founderElon Musk is CEO of Tesla and SpaceX; CTO of Twitter; founder of Neuralink, The Boring Company and now xAI. Tesla may have reported record revenue for its second quarter and beaten Wall Street's expectations for both profit and revenue. But Wall Street isn't completely cheering the electric vehicle maker because of its shrinking margins.

Persons: Dow, Tesla, Elon Musk, Timothy Ash Organizations: CNBC, Dow outperforms, Netflix, Nasdaq, Dow Jones, SpaceX, Twitter, The Boring Company, Chicago Board of Trade, Initiative, Agriculture, BlueBay Asset Management, Tesla Locations: Dow outperforms U.S

☆ Wheat prices soar for a third day as Russia-Ukraine tensions stoke fears of major food crisis
▼ + stars: | 2023-07-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Known as the world's "bread basket," Ukraine grows far more wheat than it consumes and it's exports contribute to global food security, especially in African countries, which now fear food shortages. Wheat prices rose on Thursday after Russia threatened to treat ships heading for Ukrainian ports as military cargo carriers, deepening fears of a global food security crisis. It follows a jump of 8.5% in the previous session, the biggest daily gain in more than a year, on mounting geopolitical tensions. Wheat prices remain well below the peak levels of 1,177.5 cents per bushel reached in May of last year, however. European Union foreign policy chief Josep Borrell said Thursday that Russia's decision to pull out of the pact would imperil global food security.

Persons: António Guterres, Josep Borrell, Borrell Organizations: Chicago Board of Trade, Initiative, Union Locations: Ukraine, Russia, EU

☆ How the Black Sea grain deal collapse could impact global food prices and hunger
▼ + stars: | 2023-07-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

London CNN —Wheat and corn prices on global commodities markets jumped Monday after Russia pulled out of a crucial deal allowing the export of grain from Ukraine. The collapse of the pact threatens to push up food prices for consumers worldwide and tip millions into hunger. The White House said the deal had been “critical” to bringing down food prices around the globe, which spiked after Russia invaded Ukraine in February last year. Food pricesThe global food price index complied by the UN’s Food and Agriculture Organization hit an all-time high in March 2022, but has fallen steadily since then. “A renewed rise in agricultural commodity prices would obviously push up retail food prices but perhaps not by as much as you think, particularly in developed economies,” she said.

Persons: “, ” Adam Hodge, —, Vladimir Putin, General Antonio Guterres, Shashwat, ” Saraf, Richer, Caroline Bain, ”, Rob Picheta, Hanna Ziady, Mick Krever, Anna Chernova, Priscilla Alvarez Organizations: London CNN —, US National Security Council, Chicago Board of Trade, United Nations, Organisation for Economic Co, Development, Gro Intelligence, Food Security Information Network, European Union, Rescue, East, Agriculture Organization, Capital Economics, CNN Locations: Russia, Ukraine, Turkey, Istanbul, Kyiv, Moscow, United States, Sevastopol, Russian, Crimea, East Africa, East, Africa

☆ Chicago business executive and philanthropist Jim Crown killed in Colorado racetrack crash
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: +4 min

Crown, a grandson of industrialist Henry Crown and the chief executive of Henry Crown & Co., was involved in a single-vehicle accident at the Aspen Motorsports Park in Woody Creek, the Pitkin County coroner's office said in a news release. Crown's father, financier Lester Crown, said his son "was driving a race car, and it hit a wall going around a curve," the Chicago Sun-Times reported. "There never was a finer human being in every way," Lester Crown said. Crown's family business, Henry Crown & Co., invests in public and private securities, real estate, and operating companies. "The Crown family is deeply saddened by the sudden passing of Jim Crown in an accident earlier (Sunday)," his family said.

Persons: James, Jim Crown, Henry Crown, Lester Crown, Jim, Barack Obama, Michelle Obama, Brandon Johnson, Obama, Salomon, Lester, Renée Organizations: James Crown, University of Chicago, Chicago . Crown, Co, Aspen Motorsports, Chicago Sun, Times, Commercial Club of Chicago, Sun -, Chicago, Aspen Skiing Co, General Dynamics, JPMorgan Chase, The Aspen Institute, Museum of Science, Industry, President's Intelligence, Hampshire College, Stanford Law School, Salomon Brothers Inc, Capital Markets Service Locations: Chicago ., Chicago, Colorado, Woody Creek, Pitkin County, It's, Amherst , Massachusetts, New York

The fallout is a rare chink in Lopez Obrador's formidable popularity, steadily above 60% throughout his term. The pricing issue is urgent as northern corn farmers are harvesting now, many with nowhere to sell without taking a loss. It is not the first time that tensions have heated up between this administration and the agriculture sector. Valdez estimated that commercial agriculture producers represent about 10 million votes. Farmers argue Lopez Obrador's government has eliminated important sector benefits, including loans at beneficial interest rates, which his administration says too often fell into arrears.

Persons: Edgard Garrido, Andres Manuel Lopez, Lopez, Lopez Obrador's, Bosco, la Vega, Lopez Obrador, Claudia Sheinbaum, Marcelo Ebrard, Adan Augusto, Baltazar Valdez, Valdez, Raul Urteaga, Urteaga, spokespeople, Luz Maria Mendoza, Cassandra Garrison, Stephen Eisenhammer, Nick Zieminski Organizations: REUTERS, MEXICO CITY, U.S, Regeneration, Producers, Chicago Board of Trade, CNA, Farmers, North American Free Trade, United Farm Workers, Valdez, Global Agrotrade Advisors, Agriculture, Finance Ministry, FIRA, Thomson Locations: La Constitucion Totoltepec, Toluca , Mexico, MEXICO, Sinaloa, United States, U.S, Chihuahua, Mexico, Canada

"Much of the (Midwest) region did not see appreciable rainfall. As of June 20, 58% of the Midwest was in moderate drought or worse, the broadest area since 2012, the Drought Monitor data showed. 2 soybean producer in moderate drought or worse. In Illinois, the largest soy grower and second-largest corn producer, moderate drought or worse spanned 82% of the state. Conditions worsened across the eastern half of the High Plains, with 34% of the region in moderate drought or worse.

Persons: climatologists, Karl Plume, Matthew Lewis Organizations: U.S . Drought, Drought, U.S . Department of Agriculture, Chicago, of Trade, USDA, Weather, Thomson Locations: North Dakota, Kansas, U.S, Midwest, Iowa, Illinois, Nebraska, Southern Plains, Chicago

MEXICO CITY, June 14 (Reuters) - Dozens of flights at an international airport in the northern Mexican state of Sinaloa were suspended Wednesday as protests by farmers demanding guaranteed prices for grains ramped up a standoff with the government. Producers urge President Andres Manuel Lopez Obrador to guarantee prices for corn, wheat and sorghum, saying government intervention is vital to counter a steep drop in international prices. Saying they had no response, a group of farmers marched to Culiacan airport and blocked the doors in videos shared on social media. In other videos, farmers entered government offices and tipped grain from bags onto the floor. Sinaloa Governor Ruben Rocha asked farmers to instead protest commodities trader Cargill (CARG.UL) and Mexican corn product makers Minsa and Gruma, implying they were responsible for lower prices.

Persons: Andres Manuel Lopez Obrador, Wheat, Ruben Rocha, " Rocha, Minsa, Cassandra Garrison, Lisa Shumaker Organizations: MEXICO CITY, Farmers, Chicago Board, Sinaloa, Cargill, Agriculture Ministry, Thomson Locations: MEXICO, Mexican, Sinaloa, Culiacan, Phoenix , Arizona, Mexico

☆ After Russia-Ukraine grain deal extended, global wheat prices fall
▼ + stars: | 2023-05-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Global wheat prices fell Thursday after Ukraine and Russia agreed to extend a deal allowing grain to be exported from Ukrainian ports in the Black Sea. “These agreements matter for global food security,” António Guterres, secretary general of the United Nations, told journalists Wednesday. “Ukrainian and Russian products feed the world.”The grain deal, first signed in July, was due to expire on Thursday, but Turkish and Ukrainian officials said on Wednesday that it would be extended for another two months. Ukraine and Russia together account for nearly a third of global wheat exports, according to Gro Intelligence, an agricultural data firm. In the days after the invasion, global wheat prices skyrocketed, with the UN’s Food and Agriculture Organization warning that as many as 47 million people could be pushed into “acute food insecurity” because of the war.

☆ Debt crisis is a scary white swan for US economy
▼ + stars: | 2023-04-25 | by ( Ben Winck | ) www.reuters.com time to read: +8 min

If Democrats and Republicans can’t agree to lift the government’s borrowing limit, the country could suffer an unprecedented and catastrophic default on its debt. The standoff over the debt ceiling is a white swan, or an entirely predictable, very frequent event that has the potential to be as catastrophic as its darker sibling. That is why, in all past scuffles over government borrowing, Congress ended up raising or suspending the debt ceiling. Uncertainty over the timing of the agreement led to the most volatile week for financial markets since the 2008 financial crisis. Failure to lift the debt ceiling soon can spark a vicious cycle of market anxiety, rising borrowing costs and bank stress.

☆ Bond yields could drop under an idea that would make Treasury trading more like the stock market
▼ + stars: | 2023-04-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Known as "all-to-all" trading, the idea would allow any market participant to interact directly with another, without intermediaries. But in the Treasury market, banks have traditionally acted as dealers for buyers and sellers. Whether it happens or not, some changes to the Treasury market appear likely as it has become less liquid. At the same time, the Treasury market skyrocketed after 2008, as the government injected large quantities of stimulus into the economy that sent debt soaring. But all-to-all trading may also introduce less rational investors into Treasury markets, applying a gambling mentality to some trades.

☆ A top tip for central banks: talk less, smile more
▼ + stars: | 2023-04-11 | by ( Ben Winck | ) www.reuters.com time to read: +8 min

WASHINGTON, April 11 (Reuters Breakingviews) - Investors hang on central bankers’ every word, hoping to gain an edge for their next trade. But with consumer prices rising at the fastest pace in decades, central bankers can’t easily cut borrowing costs, either. Chatty central banks are a relatively new phenomenon. Investors are also more sensitive to central banks today than in years past. Still, being more careful about what’s said, and how it’s said, could help central banks better balance their priorities.

Most international grain traders have stopped new investment in Russia since last year following Moscow's invasion of Ukraine but continued exporting Russian wheat. "As grain export-related challenges continue to mount, Cargill will stop elevating Russian grain for export in July 2023 after the completion of the 2022-2023 season," the company said in an emailed statement. "The cessation of its export activities on the Russian market will not affect the volume of domestic grain shipments abroad. The company's grain export assets will continue to operate regardless of who manages them," the agriculture ministry told Reuters. According to RBC business daily, Cargill will export 2.2 million tonnes of Russian grain in the 2022-23 exporting season, or around 4% of Russia's total grain exports.

The recent losses are far from records by magnitude, though the selling is the most extreme for new-crop beans in March since 2008. Over 28 sessions between April and May 2019, new-crop beans were lower in 22, a 79% losing rate. New-crop beans had been down in both June 2021 and July 2022 by around 13% within a 13-session span. The last comparable time was mid-March 2020, when RSI on new-crop beans remained below 17 for three consecutive sessions. CBOT November soybean futures with RSIKaren Braun is a market analyst for Reuters.

☆ SVB: What the worst bank failure since 2008 means for markets, the financial sector, and interest rates
▼ + stars: | 2023-03-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +8 min

Here's what SVB's sudden demise means for markets, the US banking sector, and interest rates. That capped a turbulent week that saw a botched fundraising attempt by Silicon Valley Bank (SVB) and a $1.8 billion loss on its bond holdings, which ultimately triggered an old-fashioned bank run. Silicon Valley Bank's collapse exposed a serious risk many banks face in their business portfolios – the dependence on uninsured deposits. However, former Treasury chief Larry Summers took a less pessimistic view, saying SVB's collapse was "unlikely to be a broadly systemic problem." But as bad as it is, it's unlikely to trigger a repeat of the 2008 global financial crisis that set the stage for the Great Recession, according to analysts.

☆ Talks underway on Black Sea grain deal extension in Geneva
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

GENEVA, March 13 (Reuters) - Negotiations began on Monday between U.N. officials and Russian Deputy Foreign Minister Sergei Vershinin on a possible extension to a deal allowing the safe export of grain from Ukraine's Black Sea ports, the Russian diplomatic mission in Geneva said. The deal, which was extended for 120 days in November, is up for renewal on March 18. Two sources involved with the talks said they were initially scheduled to last just one day but could be extended as needed. "Wheat and corn markets are weaker today as the talks start about extending the safe shipping agreement for Ukraine’s exports," said Matt Ammermann, StoneX commodity risk manager. "As such a large wheat and corn exporter, Ukraine’s supplies are vital to world markets."

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