Charles Schwab saw a $16.5 billion inflow of new assets last week amid the banking crisis. “Charles Schwab remains a safe port in a storm,” the brokerage said in a statement. Last week, CEO Walter Bettinger said clients poured $4 billion into the firm on March 10 alone. Loading Something is loading. Thanks for signing… Continue reading Charles Schwab clients poured in $17 billion last week as the spiraling bank crisis sent money to a ‘safe port in a storm’
Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears
Goldman Sachs slashed its oil price forecast because the ongoing banking crisis is boosting fears of a recession.Analysts now expect oil to trade at $94 per barrel by the end of the year, down from a prior forecast of $100.Oil prices have plunged 15% since Silicon Valley Bank collapsed earlier this month. Loading Something is… Continue reading Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears
Elon Musk sees ‘serious risk’ of another Great Depression if the Fed doesn’t stem the collapse of regional banks after SVB failure
Elon Musk sees danger ahead for the US economy if the Fed doesn’t contain the regional banking crisis. Financial blog Zero Hedge said on Twitter that unchecked pain among smaller banks could lead to a great depression. “This is a serious risk,” Musk tweeted in response. Loading Something is loading. Thanks for signing up!… Continue reading Elon Musk sees ‘serious risk’ of another Great Depression if the Fed doesn’t stem the collapse of regional banks after SVB failure
It’s too early to call a bottom for the stock market because there’s more pain coming for regional banks, BlackRock strategist says
The banking crisis hasn’t fully played out so it’s too soon to call a market bottom, a BlackRock strategist said. In particular, there’s “more pain” headed towards smaller banks, Gargi Chaudhuri told Bloomberg TV. She added that looming regulatory changes for the banking system would likely impact stock prices. Loading Something is loading. Thanks for… Continue reading It’s too early to call a bottom for the stock market because there’s more pain coming for regional banks, BlackRock strategist says
The Fed is about to release its first policy decision since 3 banks collapsed. Here’s what high-profile commentators and analysts say it will do.
The Fed meeting this week will be the first since a flurry of bank failures threw markets into chaos. Market heavyweights such as Jeff Gundlach and Steve Eisman have been discussing what they see is next for rates. Odds are tilting toward a rate hike of 25 basis points at the March 22 meeting. Loading… Continue reading The Fed is about to release its first policy decision since 3 banks collapsed. Here’s what high-profile commentators and analysts say it will do.
Here’s why the Silicon Valley Bank crash has made a recession much more likely in 2023
The Silicon Valley Bank implosion has raised the odds for a US recession. That’s because fears of a bank crisis could distract the Fed from its goal of lowering inflation. “I don’t really see a pass through the next 12 months without getting a recession,” a source told Insider. Loading Something is loading. Thanks for… Continue reading Here’s why the Silicon Valley Bank crash has made a recession much more likely in 2023
The most accurate sign of a coming recession is not what you think it is – and it’s on the verge of flashing
The inverted yield curve is a closely followed recession indicator, but it isn’t the only one to watch.Prior inversions have preceded a recession by as much as two years, making it difficult to use as an accurate gauge.It’s the re-steepening of the yield curve, or de-inversion, that’s more closely followed by a recession. Loading Something… Continue reading The most accurate sign of a coming recession is not what you think it is – and it’s on the verge of flashing
Warren Buffett has weighed in on bank runs, bailouts and the dangers of insuring deposits. Here are 9 quotes that shed light on today’s banking crisis.
Three banks folded last week, stoking fears of a banking crisis and a financial firestorm. Warren Buffett has weighed in on bank runs, bailouts, and deposit insurance over the years. Here are nine of Buffett’s most relevant and insightful quotes about banks. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Warren Buffett has weighed in on bank runs, bailouts and the dangers of insuring deposits. Here are 9 quotes that shed light on today’s banking crisis.
Recent Post
