Two bond ETF strategies that may help investors profit from rate hikes

Interest rate jitters are meaningfully pushing investors to the shorter end of the yield curve, according to Joanna Gallegos, co-founder of fixed-income ETF issuer BondBloxx. Gallegos, former head of global ETF strategy for JPMorgan, believes it’s a sound approach. “It’s an intuitive trade. This is not 2022. This is not even five years ago. Yields […]

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After a wild, losing week for stocks, investors brace for more market-moving data

Wall Street doesn’t have much time to digest this week’s market-moving news — including Friday’s jobs report and the sudden collapse of Silicon Valley Bank — before it has more economic data on its plate. Most important of the incoming slew of reports is the consumer price index (CPI), which calculates the average change over […]

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Mikaela Shiffrin sets World Cup skiing record with 87th win

US Alpine skier Mikaela Shiffrin. Srdjan Zivulovic | Reuters American skier Mikaela Shiffrin set the outright World Cup record for most career victories with 87 by winning a slalom Saturday. Shiffrin broke a tie with Ingemar Stenmark on the all-time overall winners list between men and women. The Swede competed in the 1970s and 80s. Shiffrin had matched Stenmark’s […]

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Silvergate and Silicon Valley Bank show the risks of banks concentrating in one area

Crypto-focused Silvergate , which announced its plans to liquidate this week, is suffering from woes similar to that of failed Silicon Valley Bank . That is, Silvergate’s distress is linked to rising interest rates – rather than the whims of digital assets. Silvergate had faced several financial challenges since the collapse of crypto exchange FTX […]

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Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley Bank

The Silicon Valley Bank (SVB) logo is seen through a rain-covered window. Justin Sullivan | Getty Images News | Getty Images U.S. cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender Silicon Valley Bank, the company said in a tweet on Friday. The stablecoin company’s announcement […]

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Bank of England seeks to wind up Silicon Valley Bank’s UK arm

Olivier Douliery | AFP | Getty Images The Bank of England said on Friday that it was seeking a court order to place Silicon Valley Bank UK Limited into an insolvency procedure, after U.S. regulators took over its parent company, SVB Financial Group, earlier in the day. “SVB UK has a limited presence in the […]

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