Customers yanked more than $100 billion of deposits out of First Republic Bank in the first quarter of the year, the bank revealed in an earnings report on Monday, forcing the California lender to slash jobs and restructure after it got caught in the Silicon Valley Bank-inspired meltdown last month. First Republic shares sank 18% in after-hours trading after the bank revealed the deposit run....
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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