Etsy has announced that the recent payment delays experienced by a portion of the platform’s active sellers following the collapse of the Silicon Valley Bank (SVB) have been resolved. The delays happened because Etsy had been using SVB to issue payments to some sellers, and the bank’s subsequent collapse on March 10 meant those payments…
Phil’s Stock World’s LIVE Weekly Webinar 3-15-2023 Major Topics: 00:00:00 Assessing the market, the 2008 financial crisis and today 00:11:45 Silicon Valley Bank (SVB) and how they may have avoided imploding 00:20:00 2008 Market Collapse 00:26:30 GOLD 00:27:00 SunPower (SPWR), “$13/share makes no sense”00:28:00 Watch list review 00:31:00 SVB, big banks, lack of transparency, interconnections 00:33:00 Disney (DIS) 00:41:00 Homebuilders, homes need…
Donald Trump, left. Michael Cohen, right.Alex Brandon/AP, left. Eduardo Munoz/Reuters, right. Michael Cohen finished his testimony to a grand jury that may decide to charge Donald Trump. Cohen said Trump ordered him to make illegal ‘hush-money’ payments days before the 2016 election. The president’s former “fixer” warned Republicans to “think twice” about supporting Trump. Michael…
As of today, my latest book is available: More Than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More Than You Need. Among people who read personal finance books, many save a high percentage of their income through most of their careers. One thing that eventually happens for some such…
The big financial news over the weekend was the failure of both Silicon Valley Bank and Signature Bank. They failed, the FDIC took over and fulfilled its duties, and then the uninsured business owners convinced the Fed to backstop everything (aka “bail them out”). As a simple individual investor trying to keep his family assets…