Here are the most important news items that investors need to start their trading day.
, stoking fears of a bank run. Shares of the firm tanked 60% Thursday, and they're down another 40%-plus in high-volume off-hours trading Friday morning. The bank has been around for four decades, providing support for tech startups even as the industry has gone through ups and downs. This time looks different, though. SVB sent investors running for the hills this week after it sold off $21 billion in holdings at a loss of about $1.8 billion.
Venture activity had already declined, the IPO market has largely dried up, and now the Fed's rate hikes are putting an even bigger squeeze on the high-risk world of tech finance. Client funds are dwindling rapidly, too. "Psychologically, it's a blow because everyone realizes how fragile things can be," Scott Orn, operating chief at Kruze Consulting, told CNBC.
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U.S. stock futures dip as attention turns to Friday's jobs reportWall St. to open in the red as concerns that higher interest rates to combat inflation will cause an economic contraction continued to damp risk appetite.
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Rain, snow could fall Friday after windy week in central Pa.Twenty to 30 mph winds are possible Wednesday and Thursday.
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NFL Black Friday game on Prime Video won’t be under paywallPrime Video will give an early Christmas gift to football fans for the coming season: Amazon announced Tuesday that the Black Friday game on Nov. 24 will be available for all fans to stream for free.
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More snow expected Friday night into Saturday for part of N.J.Some areas will get rain, while other parts of New Jersey could get multiple inches of snow.
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Chicago weather: Winter storm forecast for Friday could bring up to 6 inches of snowThe Chicago weather forecast calls for the possibility of a snow storm on Friday that could bring up to 6 inches of snowfall for parts of our area.
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Atmospheric river timeline: Here's what to expect for Level 3 storm Thursday and FridayThe Bay Area will be under a Flood Watch and Wind Advisory as a Level 3 storm and atmospheric river hit Thursday evening into Friday. Here's when the highest impact will be.
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