The Latest Breaking News from Janet Yellen

Wall Street falls as bank contagion fears flare up

US stocks have opened on the slide with fears of a liquidity crisis in the banking sector weighing heavily on investors' minds.

The New Daily · Mar 24, 2023

S&P Futures Plunge As Banking Sector Concerns Weigh On Sentiment

June S&P 500 futures (ESM23) are trending down -0.71% this morning after three major U.S. benchmark indices closed higher in a volatile trading session on Thursday as market participants weighed the future path of interest rates and digested U.S. Treasury Secretary Janet Yellen’s remarks on banks.

Barchart · Mar 24, 2023

Commentary: The Fed just raised interest rates. Does that mean there is no banking crisis?

Do we have a banking crisis in the United States or don’t we?

Los Angeles Times · Mar 24, 2023

ASX closes lower after Afterpay owner Block sheds 18pc in Friday trade, Swiss National Bank says Credit Suisse crisis 'put to a halt'

The ASX finished trading lower on Friday, with Afterpay owner Block Inc dropping 18 per cent in the wake of a scathing report by short-seller Hindenburg that alleged the company "misled" investors. Look back at the day's market's and business news as it happened.

ABC News · Mar 23, 2023

Stock Market Today: Stocks Close Higher in Volatile Session

The major indexes spent most of Thursday in rally mode, but selling pressure emerged in afternoon trading.

Kiplinger · Mar 23, 2023

European bank shares fall as crisis leaves mark

Banking shares have slipped in Europe as investors adjust to more challenging economic and lending conditions ahead.

The New Daily · Mar 23, 2023

Bill Ackman says U.S. economy risks heading into a 'train wreck'

Bill Ackman said he would be “would be surprised if deposit outflows don’t accelerate effective immediately.”

Fortune · Mar 23, 2023

US raises interest rates despite troubles in banking industry

Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.

France 24 · Mar 23, 2023

Powell stresses commitment to cooling prices as Fed hikes rates

The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis.

Tribune News Service · Mar 22, 2023

Why everybody's talking about deposit insurance

Regulators are setting a precedent with potentially long-lasting consequences and thin legal authority.

Axios · Mar 22, 2023