Amazon didn’t make any money for a decade, but those losses weren’t even close to what startups and their investors face today.

The bankruptcy of Silicon Valley Bank SIVB, , the nation 16e largest bank, has shaken global markets. SVB used short-term deposits to fund investments in long-term bonds, stocks and mortgages – a bet that interest rates would not rise. Once the Federal Reserve began aggressively raising interest rates to curb inflation about a year ago,…

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Billionaire investor Leon Cooperman sees a ‘self-induced’ crisis and a market of stock pickers.  Here is what he buys.

Billionaire investor Leon Cooperman sees a ‘self-induced’ crisis and a market of stock pickers. Here is what he buys.

““We have a self-induced crisis of irresponsible fiscal monetary policy over the past decade.”” —Leon Cooperman, President of the Omega Family Office This was billionaire hedge fund manager Leon Cooperman commenting on the current banking crisis which has seen the closure of SVB Financial Groups SIVB, Silicon Valley Bank and crypto-friendly lenders Signature Bank and…

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