Traders on the floor of the NYSE Source: NYSE Stock Chart IconStock chart icon First Republic’s stock fell in volatile trading on Friday. The declines on Friday were building on large sell-off from Thursday. The S&P Regional Bank ETF is down about 15% for the week, which would be its …

The New York Stock Exchange stands in lower Manhattan after global stocks fell as concerns mount that rising inflation will prompt central banks to tighten monetary policy on May 11, 2021 in New York City. By mid afternoon the tech-heavy Nasdaq Composite had lost 0.6% after falling 2.2% at its …

If you’re in the market for a new car, be prepared for the possibility of paying more than sticker price. The average new-car price in February was $45,296, compared with the average manufacturer’s suggested retail price, or MSRP, of $41,637, according to new research from iSeeCars.com. An estimated 31% of …

SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself, sources told CNBC’s David Faber. Attempts by the bank to raise capital have failed, the sources said, and the bank has hired advisors to explore a potential sale. Large financial institutions are taking a look at a …

Admiral Linda Fagan, 59, did not plan on a lifelong career in the military. She knew she’d join the Coast Guard as a teenager, but “my long-term plan was graduate, be an officer,” she says. “That was it.” Forty years later she’s leading the organization, having made history in June …

Job creation decelerated in February but was still stronger than expected despite Federal Reserve efforts to slow the economy and bring down inflation. Nonfarm payrolls rose by 311,000 for the month, the Labor Department reported Friday. That was above the 225,000 Dow Jones estimate and a sign that the employment …

Signage outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Thursday, March 9, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in early morning trading. SVB Financial — Shares of the company known as Silicon Valley Bank extended their big slide, …

Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the entire banking sector again on concern that more banks would incur heavy losses on their bond portfolios. SVB’s CEO Greg Becker held a call with clients Thursday afternoon to calm …

Bitcoin is under pressure as the Federal Reserve has indicated that rates could go higher than expected and after a major crypto-focused lender, Silvergate Capital, collapsed. Jonathan Raa | Nurphoto | Getty Images Bitcoin fell below $20,000 on Friday, hitting a near-two-month low, after a stock market sell-off in the …

European banking stocks sold off sharply in early trade Friday as jitters surrounding U.S. bank SVB Financial — which plunged 60% Thursday — spread around the world. It followed an announcement by the tech-focused lender of a capital raise to help offset bond sale losses. The Euro Stoxx Banks index …