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Silicon Valley Bank fallout likely to hit big tech, strategist says

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#siliconvalleybank #youtube #stockmarket
This segment originally aired on March 14, 2023.
The sudden failure of Silicon Valley Bank not only hit the banking sector but also rattled the tech industry. The now collapsed bank was well known for providing services to venture capital-backed tech companies, driving productivity large and wide in the industry. “Who do these companies spend money on? And who was Silicon Valley Bank and Signature Bank were very intertwined with the movement of that money- where did it go? It went to web hosting. It went to online ads at Facebook (META), and Google (GOOGL), and Apple (AAPL), and Amazon (AMZN). It went to Amazon web services. It went to Microsoft (MSFT) and the other software vendors,” says Bill Smead, Smead Capital Management CIO. With Silicon Valley Bank now wiped off the board, it throws another pain point to an already challenging environment for tech start-ups. “We’re shutting down this huge ecosystem of startups and IPOs, etc., and they’re treating [big tech] companies like there’s not going to be any fallout at their end,“ says SmeadYahoo! Finance’s Julie Hyman and Jared Blikre speak with Bill Smead in a full interview here. Key video moments:0:00:11 – Startup tech companies money spend 0:01:04- SVB fallout for tech
Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes
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The content discusses the impact of the COVID-19 pandemic on small businesses, highlighting the challenges they face such as lack of access to financial resources and reduced consumer demand. Many small businesses have had to close permanently or lay off employees due to the economic downturn. The article also mentions the importance of government support programs in providing relief to struggling businesses. It stresses the need for continued assistance and innovation to help small businesses recover and thrive in the post-pandemic economy. Overall, the content emphasizes the crucial role small businesses play in the economy and the importance of supporting them during this difficult time.

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Trump on trade negotiations with China: ‘I am the chosen one’

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Yahoo Finance’s Adam Shapireo, EMily McCormick and Adam Shapiro discuss President Trump and his comments on US-China trade negotiations.

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The content discusses the importance of sustainability in the fashion industry, highlighting the negative environmental impact of fast fashion and the need for change. It emphasizes the need for brands to adopt more sustainable practices, such as using eco-friendly materials, reducing waste, and promoting ethical labor practices. The article also mentions the growing consumer demand for sustainable fashion, urging companies to listen to these concerns and make changes to their business model. Overall, the focus is on the shift towards sustainability in the fashion industry and the benefits it can bring to both the environment and society.

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Tech workers hit with layoffs and decreasing salaries

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According to data from Layoffs.fyi, more than 20000 employees were fired from their jobs in the tech sector in April. In addition …

The content discusses the importance of cybersecurity measures in protecting personal and sensitive information from increasing cyber threats. It highlights the necessity of using strong passwords, updating software regularly, being cautious of phishing attempts, and utilizing security tools like VPNs. The article also emphasizes the need for businesses to invest in robust cybersecurity protocols to prevent data breaches and maintain customer trust. It stresses the importance of educating employees about best practices in cybersecurity to create a culture of security awareness. Overall, the content underscores the critical role of cybersecurity in safeguarding digital information in today’s interconnected world.

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Federal Reserve leaves interest rates unchanged at 22-year high, signals one more hike in ’23

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Fed Chair Jerome Powell holds news conference after release of U.S. Fed policy decision on interest rates following September’s FOMC meeting.
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The content discusses the benefits of regular exercise, including improved physical health, weight management, reduced risk of chronic diseases, and enhanced mental well-being. It highlights the importance of finding a balance between cardiovascular exercises, strength training, and flexibility exercises to achieve optimal health outcomes. The article also emphasizes the positive impact of exercise on overall quality of life, mood, and energy levels. Additionally, it provides tips for incorporating exercise into a daily routine, such as setting realistic goals, finding activities that are enjoyable, and varying the types of exercises performed. Overall, the message is to prioritize regular physical activity for better health and well-being.

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Powell is likely going to raise interest rates and that will be terrible for tech: Opimas CEO

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#Opimas #Powell #inflation
Octavio Marenzi, Opimas CEO, joins Yahoo Finance’s Kristin Myers and Alexis Christoforous to discuss the market outlook and continued concerns over inflation.

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The content discusses the benefits of using coconut oil for hair care, highlighting its moisturizing and conditioning properties. It mentions that coconut oil can help improve scalp health, promote hair growth, and reduce frizz. The article also provides tips on how to use coconut oil for different hair care routines, such as as a pre-wash treatment, deep conditioner, or styling product. It notes that coconut oil is suitable for all hair types and can help address common issues like dryness and damage. Overall, the content emphasizes the effectiveness of coconut oil as a natural and versatile solution for healthy hair.

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Stocks continue to trend higher following earnings, cooling inflation print

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yahoofinance #stockmarket #earnings #inflation Stocks continue to move higher Friday afternoon as inflation data in the Personal …

The content discusses the benefits of mindfulness meditation in reducing stress and improving mental health. It highlights how regular meditation practice can lead to reduced anxiety, increased focus, and improved emotional regulation. The article also mentions studies that have found mindfulness meditation to be effective in treating depression and PTSD. Additionally, it provides tips on how to incorporate mindfulness meditation into daily routines, such as focusing on the present moment and practicing gratitude. Overall, the content emphasizes the importance of mindfulness meditation in promoting overall well-being and mental clarity.

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