Last week’s market swings pushed the major averages below key levels, made macro calls outdated within a few hours and rattled some of most resilient stocks.
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Wall Street just had one of its wildest weeks in years. What happened and what could come next
World
CNBC Daily Open: Bad loans by regional banks should concern us all
Western Alliance Bank signage is displayed on the company’s Headquarters in downtown Phoenix, Arizona, on April 27, 2023. Patrick T. Fallon | AFP | Getty Images When you can’t repay a bank loan, that’s distressing — but probably not for the bank. But when tens of thousands of people, who had good credit ratings, can’t, […]
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World
In 2016, she made gut-healthy drinks in her kitchen. 9 years on, she sold her soda brand to PepsiCo for $2 billion
Allison Ellsworth is the co-founder of Poppi. Courtesy of Allison Ellsworth In 2015, Allison Ellsworth was in her kitchen experimenting with different gut-healthy drink recipes, trying to make apple cider vinegar taste good. Little did she know that the concoctions she was mixing would eventually become a billion dollar business. Today, the 38-year-old is the […]
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World
Asia-Pacific markets set for lower open as banking and trade fears take hold on Wall Street
Activity on Elizabeth Street (at the intersection of Bourke St Mall), Melbourne on a cloudy day. Charlie Rogers | Moment | Getty Images Asia-Pacific markets were set for a weaker open Friday, tracking losses on Wall Street as fears over the banking sector and trade tensions intensified. Shares of regional banks and investment bank Jefferies tumbled on […]
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