Without Amazon, This Is What S&P 500 Earnings Would Look Like

Amazon is the largest contributor to earnings growth for the entire S&P 500 for the first quarter and 2023. Read More...

Bloomberg

First Republic’s Jumbo Mortgages Brought On Bank’s Failure

(Bloomberg) — The seeds of First Republic Bank’s downfall were sown in the jumbo mortgages of Silicon Valley, where a unique strategy to loan wealthy individuals extraordinary sums of money blew up in spectacular fashion.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureIBM to Pause Hiring for Jobs That AI Could DoBuffett Will Beat the Market as Recession Looms, Investors SayMorgan Stanley Plans 3,000 More