First Citizens BancShares Inc. has signed an agreement to assume all deposits and loans of the failed Silicon Valley Bridge Bank from the Federal Deposit Insurance Corp. (FDIC), the regulator announced Monday. Starting Monday, the 17 former branches of Silicon Valley Bridge Bank, National Association, will open as First Citizens FCNCA, -1.11%, the FDIC said. … Read more
Rising interest rates and stock market volatility over the past year have added extra appeal to high-yield savings accounts and certificates of deposit offered by banks. Then came the stunning failure of Silicon Valley Bank, the closing of Signature Bank and the series of regional banks under pressure, all in a matter of days. Depositors … Read more
Parradee Kietsirikul/iStock via Getty Images Since late 2022, our message has been consistent: Survive the first quarter. Unfortunately, we will barely survive. WTI fell below the critical support range of $69-71 today, putting it within striking distance of the next support level of $61-63. The reality is this the macro situation at the moment with … Read more
Bond yields fell on Friday ahead of key jobs data that could determine the size of the Federal Reserve’s interest rate hike in two weeks. What is happening The 2-year Treasury yield TMUBMUSD02Y, 4.822% it was 4.85%, down 2.9 basis points. Yields move in the opposite direction to prices. The 10-year Treasury yield TMUBMUSD10Y, 3.852% … Read more
Dear MarketWatch, Thank you for putting my sad situation in your column. I have somehow failed, not taking care of myself. I have spent my money on helping my family and have never been able to save anything. The two episodes of cancers depressed me quite a bit. I am 74 years old and I … Read more
Over the decades, perhaps you’ve been very good at saving your money and investing it for long-term growth. But when the time comes for you to stop working or to step back to a part-time job, you might need to shift your focus. It is time to think about income. When you were decades away … Read more
By Ronnie Harui Hong Kong’s economy is expected to grow by 3.5% to 5.5% this year as pressure on the city’s exports is expected to ease due to the accelerating growth of the Chinese economy and the lifting of restrictions on cross-border truck movements, Finance Secretary Paul Chan said in his budget. Wednesday speech As … Read more
An earlier version of this story misstated the state of which Nikki Haley was governor. It has been corrected. Nikki Haley is in hot water. The former South Carolina governor and Republican presidential candidate is under fire for comments he made a while ago to Neil Cavuto on Fox Business, where he spoke harshly about … Read more
I am a budding futures/options trader with my own sole proprietorship investment business. Going into 2022, I received a huge cash infusion of $500,000 from friends and family under the guise of a promise I made to issue a 10% return on their money. This promise was made through a signed promissory note, and the … Read more
““It’s been such a ride. I just EGOT!’ “ It was performance legend Viola Davis who accepted her first Grammy Award on Sunday (in the category of audiobook, narrative and short story recording) for narrating the audio versions of her 2022 memoir “Finding Me”. This Grammy was the last award Davis, 57, needed to achieve … Read more