Silicon Valley traders and founders express shock, explain struggles to get funds out of SVB

Essential Factors

As Silicon Valley Lender was shuttered by the FDIC on Friday, traders and companies with funds locked up expressed dismay at how it went down.
Several enterprise capitalists likened collapse is akin to a Twitter-led financial institution operate, centered far more on unjustified anxiety than reality.
Investors ended up urging their portfolio companies to allocate cash to other banking institutions so they could shell out their workers on time.

Source

Finance

Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation

August 28, 2025

Key Points Fed Governor Lisa Cook’s lawsuit against Donald Trump challenges his ability to remove her from office but only briefly addresses the central accusations that she committed mortgage fraud. Cook did call mortgage fraud accusations “unsubstantiated and unproven” without going into detail. In a statement to CNBC, Federal Housing Finance Agency Director Bill Pulte […]

Finance

Stocks making the biggest moves midday: Nvidia, Pure Storage, Snowflake, Hormel and more

August 28, 2025

Check out the companies making headlines in midday trading: Nvidia — The graphics processing unit manufacturer slipped more than 1% after its data center revenue came in below estimates for the second straight quarter. However, Nvidia posted a second-quarter earnings and revenue beat. Hormel — The food company’s stock fell more than 13% to a […]

Finance

Stocks making the biggest moves premarket: Nvidia, Dollar General, Bath & Body Works, Snowflake, and more

August 28, 2025

Check out the companies making headlines before the bell. Nvidia — The graphics processing unit manufacturer slipped nearly 2% after its data center revenue came in below estimates for the second straight quarter. However, Nvidia posted a second-quarter earnings and revenue beat. Other chip stocks such as Taiwan Semiconductor, ASML, Advanced Micro Devices and Microchip […]