It’s not just regional bank stocks that have been hit by the recent banking crisis – large-cap bank stocks have also fallen. But some analysts believe the drop is overdone and retail investors flocked to buy the drop in the biggest traditional US banks last week. Still, there may be more room to run. JPMorgan … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
The launch of ChatGPT started a wave of tech companies looking to integrate generative AI into their products and apps. Salesforce is rolling out a new product that uses OpenAI’s advanced AI models to help salespeople, customer service workers, developers and others remove mundane tasks from their workday. According to Clara Shih, CEO of Salesforce … Read more
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 9, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Check out the companies making the biggest moves at midday: Rivian Automotive – Shares fell 12% after the electric vehicle maker announced it would sell $1.3 billion … Read more
