Tag: exposure

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Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure

Logo of Silicon Valley Bank is at a location in San Francisco, California, U.S. March 10, 2023.Staff | ReutersThe U.S. cryptocurrency firm Circle's...

Wells Fargo downgrades Qualcomm, says exposure to smartphone industry will hurt chip stock

Qualcomm will be among the chip stocks struggling in the new year due to its exposure to smartphone sales, Wells Fargo warned Monday....