Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this year. Short sellers "borrow" stock they don't own and immediately sell it, driving the price down. Then they buy
Update (1035ET): As we suspected, a Pentagon spokeserson has confirmed there has been no explosion at The Pentagon this morning.
So as we asked at the bottom: who started it?
Days before PacWest Bancorp tanked from the mid-20s to the mid $2 range in 48 hours, Rep. Dan Goldman (D-NY) - the Levi Strauss heir / Trump impeachment lead counsel-turned-lawmaker, sold his shares in the beleaguered bank.
Shares of Alphabet slid during premarket trading in New York on Monday following a New York Times report on Sunday that revealed South Korean consumer electronics giant Samsung was considering replacing Google with Microsoft's Bing as the default sea
Since the launch of OpenAI's ChatGPT in late 2022, stocks of artificial intelligence firms worldwide have experienced a substantial increase in market capitalization.
Western Alliance Bancorporation (WAL.N) said on Wednesday its first-quarter deposits were 11% lower than at the end of 2022, as customers spooked by the sudden collapse of two U.S. mid-sized lenders pulled out funds.
A credit default swap (CDS) is a financial derivative that allows investors to hedge or speculate on the credit risk of a particular debt instrument, typically a bond or loan.
It's only appropriate that the day after the weekly dose of doom and gloom from Marko Kolanovic and Mike Wilson, that stocks soar to the highest level in almost two weeks.
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