Shares of Deutsche Bank are slumping on the latest sign of banking concerns

Last updated: March 24, 2023 at 5:39 am ET First published: March 24, 2023 at 5:10 a.m. ET Shares of Deutsche Bank slumped on Friday, throwing the spotlight on the health of another globally systemically important bank heading into the weekend. Shares of German lender XE:DBK fell 8% in Frankfurt trading and the Euro Stoxx … Read more

Regional banks are getting the attention, but the concerns are greater, says former top supervisor

Regional banks should not be the only source of concern for potential fallout from the fast pace of rate hikes by the Federal Reserve over the past year, a former banking supervisor said. “I don’t see regional banks having a specific problem,” said Sheila Bair, who ran the Federal Deposit Insurance Corp. from 2006 to … Read more

Crypto will be ‘over’ in the US if Coinbase loses battle with SEC. This is why

Hello! Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto exchange Coinbase MINT said Wednesday it received a notice from Wells from the Securities and Exchange Commission that could lead to formal charges. The SEC’s Wells notice covered an unspecified portion of the exchange’s publicly traded digital assets, the staking … Read more

Nvidia stock hits best winning streak since 2007 as AI advantage called ‘insurmountable’

Nvidia Corp. is in a unique position to take advantage of what has been dubbed an artificial intelligence revolution, analysts claim. At Nvidia NVDA annual GTC developer conference, the gaming chip specialist rolled out a slew of hardware and software products ready to be the picks and spades of the current AI gold rush, forming … Read more

Here’s one for the battered bulls: The second-largest sector in the S&P 500 is coming to life, says this strategist.

“It’s the first time in a long time that the FOMC has had to make a real decision,” said JonesTrading chief strategist Michael O’Rourke, one of a handful of people urging the Fed to pause. “Remember, this banking crisis is the result of banks not properly preparing for a rate hike cycle. Another increase in … Read more

GameStop stock up nearly 50% on surprise quarterly profit, higher sales

The share of GameStop Corp. rose 48% in the extended session on Tuesday after the specialty retailer reported surprising quarterly earnings and sales that beat Wall Street’s expectations. The retailer is “aggressively focused on improving profitability year-over-year while still pursuing pragmatic long-term growth,” Chief Executive Matt Furlong said during the post-results talk with the company. … Read more

Bill Gates says AI is only the second revolutionary technological advancement in his life

Published: March 21, 2023 at 4:43 p.m. ET For the second time in his 67 years, Bill Gates, co-founder of Microsoft Corp., said he was truly impressed by technology. The first time was in 1980, when he was introduced to the graphical user interface, which became the rock on which he built Microsoft’s MSFT Windows … Read more

Amazon’s stock fell nearly 2% as another 9,000 layoffs were announced

Published: March 20, 2023 at 10:54 a.m. ET Inc. will cut another 9,000 jobs, the company announced Monday morning. The retailer’s stock is down nearly 2% in late morning trading. In a memo to staff, Andy Jassy, ​​Chief Executive of Amazon AMZN, said the cuts will take place in the coming weeks and will … Read more

Study: These foods increase risk of dementia — a lot

Butter. Hamburgers. Sausages. Pastries, cakes and biscuits from the shop. Oh, and soda – sugary or diet. They are all bad and they all significantly increase our risk of getting dementia. That reports one of the largest and scariest studies ever, involving about 60,000 people in their 40s, 50s and 60s. The study, which involved … Read more

Can I evict tenants who have lived in a house I inherited for years without a lease?

I inherited a house in San Francisco from my aunt. My aunt had rented her basement (probably illegally) to an elderly couple for a few years at a price below market price. I don’t believe there was a lease, and it’s probably against the building code to have tenants in the basement. The couple’s family … Read more