All US regional banks will be under threat unless regulators move to insure all deposits, according to Bill Ackman. “The FDIC’s failure to update and expand its insurance regime has hammered more nails in the coffin,” he said Wednesday. Both Silicon Valley Bank and First Republic failed after customers yanked their money from the struggling… Continue reading Billionaire investor Bill Ackman warns more banks will fail unless the FDIC insures all deposits
The banking crisis will only end once the Fed starts slashing interest rates, Jeff Gundlach warns
Regional banks will be under threat until the Federal Reserve cuts interest rates, according to Jeff Gundlach. “Deposits are going to keep drifting out” until that happens, the billionaire bond investor said Wednesday. Gundlach’s comments came as California lender PacWest’s share price plunged 50% on news it’s exploring a sale. Loading Something is loading. Thanks… Continue reading The banking crisis will only end once the Fed starts slashing interest rates, Jeff Gundlach warns
US stocks fall after Fed raises rates but points to possible pause on further increases
US stocks fell on Wednesday as markets digested the latest Fed rate hike of 25 basis points. Chairman Jerome Powell reiterated that inflation is still high, and said the economy may dodge a recession. That relatively optimistic view may have dampened hopes for a Fed pivot to rate cuts later. Loading Something is loading. Thanks… Continue reading US stocks fall after Fed raises rates but points to possible pause on further increases
The Fed’s nod to the end of its rate hiking cycle could mean ‘last call’ for savers
The Federal Reserve raised its fed funds rate for the 10th time on Wednesday, to a range of 5%-5.25%. Savers looking for a return from CDs should move quickly, Bankrate said. “This could be ‘last call’ for savers,” as CD yields on maturities of 1-year and longer have peaked, it said. Loading Something is loading.… Continue reading The Fed’s nod to the end of its rate hiking cycle could mean ‘last call’ for savers
‘Solid iPhone demand to offset Mac weakness’: Here’s what Wall Street expects from Apple’s hotly anticipated earnings report
Apple stock is set to report its second-quarter earnings results after the market close on Thursday.From solid iPhone demand to the launch of a massive stock buyback, a lot is expected from the largest company in the world.Here’s what three Wall Street analysts expect to hear from Apple’s upcoming earnings results. Loading Something is loading.… Continue reading ‘Solid iPhone demand to offset Mac weakness’: Here’s what Wall Street expects from Apple’s hotly anticipated earnings report
The Fed’s war on inflation might still not be over despite its year of rapid tightening, Bridgewater co-CIO says
The Federal Reserve’s war on soaring prices might not be over yet, according to Bridgewater’s co-CIO. It’s possible that “inflation is a lot stickier than we’d like and the Fed is going to have to tighten more,” Karen Karniol-Tambour said. The central bank is widely expected to raise interest rates for a 10th time in… Continue reading The Fed’s war on inflation might still not be over despite its year of rapid tightening, Bridgewater co-CIO says
AOC and Matt Gaetz introduce a bipartisan bill to ban Congress members from trading individual stocks
A bipartisan group of lawmakers introduced a bill that would ban Congress members from trading individual stocks.Democrat Alexandria Ocasio-Cortez and Republican Matt Gaetz co-sponsored the bill, which would also limit spouses of congressional members from trading.Nancy Pelosi’s husband Paul Pelosi has long been scrutinized for his extensive history of trading stocks. Loading Something is loading.… Continue reading AOC and Matt Gaetz introduce a bipartisan bill to ban Congress members from trading individual stocks
US stocks fall as investors prepare for another interest rate hike from the Fed
US stocks fell about 1% on Tuesday as investors prepare for another interest rate hike despite an ongoing banking crisis.The Federal Reserve is expected to hike interest rates by 25 basis points at its Wednesday FOMC meeting.Regional bank stocks were crushed on Tuesday just one day after JPMorgan acquired First Republic Bank. Loading Something is… Continue reading US stocks fall as investors prepare for another interest rate hike from the Fed
Recent Post
