Amazon (NASDAQ: AMZN) stock popped 10% on initial earnings results after the closing bell Thursday. Many cloud stocks were rallying on the news. The video below breaks down Amazon's recent earnings and explains why the stock reversed from green to red after hours. Read More...
The Wall Street Journal
Why No Buyer Has Emerged for First Republic
If another bank bought First Republic Bank for a single dollar, it could still end up costing that buyer tens of billions. For many years, First Republic had a sterling reputation as a fast-growth lender focused on a very desirable clientele—the affluent. Its assets are also seemingly mostly solid ones, like government securities and mortgages extended to those well-off clients.