Deutsche Bank shares fell 9% in early trade on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe’s banks persisted.
S&P cut its credit rating to B+ from BB+ on Sunday after first lowering it to junk status just last week.
Investors were weighing the latest financial woes at Silvergate and what a potential bankruptcy at the crypto bank could mean for the broader crypto industry.
Thursday’s late-day market selloff on hawkish Fed talk extends into Friday.
CDC officials said disruptions to schools and health-care during the Covid pandemic is largely responsible for the decline in vaccination rates.
Brazilian stocks are expected to plunge on Monday after supporters of right-wing former president Jair Bolsonaro stormed government buildings on Sunday in protest against his election loss.
DeFi crypto Solana has struggled in 2022, between outages and exposure to FTX, but will 2023 hold more of the same, or be a boon for the Ethereum competitor?
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