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The Latest Breaking News from Jerome Powell

Editorial: Lessons From the Collapse of Silicon Valley Bank

By taking every crisis suffered by others seriously, we can minimize our own crises

Caixin Global

Bank failures and rescue test Yellen's decades of experience

Treasury Secretary Janet Yellen worked against the clock with other regulators, lawmakers and business leaders to come up with a plan that would prevent a full blown banking crisis

The Independent UK

Billionaire investor Barry Sternlicht says the Fed's rate hikes are like using a 'steamroller' to 'kill a small fly' and warns the economy is about to 'hit the wall'

The billionaire investor says interest rate hikes are undermining the economy and could lead to more bank turmoil.

Fortune

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Stock Market Split As Fed Hikes Rates, Banks Keep Tumbling; Nvidia, On Holding In Focus: Weekly Review

The stock market showed volatile, divergent action as a handful of megacaps propped up the Nasdaq while banks kept tumbling.

Investors Business Daily

Markets Tell Fed to Cut Rates Before Bank Crisis Triggers U.S. Recession

Regional lenders are crucial for U.S. economic growth and markets want Fed support before the bank crisis triggers a near-term recession.

The Street

Volcker slayed inflation. Bernanke saved the banks. Can Powell do both?

History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them.

Tribune News Service

Fed risks throwing millions out of work

"The Fed is playing with fire," warns former Labor Secretary Robert Reich

Salon

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SET upbeat after Fed hikes rates

The Thai stock market traded higher on Thursday, bucking overnight drops on Wall Street as most regional bourses were sanguine following Federal Reserve hints that further tightening is possible, while Treasury Secretary Janet Yellen said there is no plan for "blanket" deposit insurance.

Bangkok Post

Why Jim Cramer Isn't Fazed by the Fed Rate Hike

Cramer suggests a different reason why the market dropped after the Fed decision.

The Street

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

Elon Musk Scolds President Joe Biden

The president has drawn up a glowing assessment of his environmental action. The CEO of Tesla says Biden has his priorities wrong.

The Street

Fed's unwanted ally in bid to tame inflation: Credit crunch

The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: A cutback in bank lending

The Independent UK

Elon Musk says Jerome Powell is so bad at his job that GPT-4 would be a better Fed chair: ‘This foolish rate hike will worsen depositor flight’

Elon Musk disagreed with the Fed describing the banking system as “sound and resilient,” tweeting, “banks are melting.”

Fortune

Stocks Leap As Markets Take Bullish Signals From Fed Rate Outlook, Banking Crisis Cooling

The S&P 500 is back to the levels it traded at before the SVB collapse on March 10, thanks to a dovish Fed rate hike and a sharp pullback in Treasury bond yields.

The Street

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Investors Business Daily

Big Tech Powers Stock Market After Fed-Treasury Cross; Bitcoin Rocks While Coinbase Rolls

Coinbase trimmed losses after receiving a SEC "Wells Notice," warning of a pending enforcement action.

The Street

Elon Musk Questions Joe Biden's Focus

The president has drawn up a glowing assessment of his environmental action. The CEO of Tesla says Biden has his priorities wrong.

AFP

Stocks mixed after more interest rate hikes

New York (AFP) - Wall Street bounced but European markets wobbled Thursday as investors weighed fresh interest rate hikes by central banks and signs of a possible pause in US monetary tightening following turmoil in the banking sector.

StockNews.com

3 High-Quality Stocks to Add to Your Watchlist Now

Despite the bank failures, the Fed will likely keep raising interest rates to bring inflation down. This is expected to keep the stock market under pressure. Amid this backdrop, it could be wise for investors to add high-quality stocks Visa (V), Amgen (AMGN), and Box (BOX) to their watchlist. Keep…

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StockNews.com

3 Stocks Bargain Hunters Might Want to Hold off on Right Now

US stocks fell after Federal Reserve Chairman Jerome Powell dismissed speculations of rate cuts by policymakers this year. Hence, amid uncertainties, bargain hunters should avoid Mullen Automotive (MULN), Bed Bath & Beyond (BBBY), and Vinco Ventures (BBIG), which are trading at unreasonable prices. Read on.

The New Daily

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.

AFP

European stocks drop after rate hikes

London (AFP) - European stocks sank Thursday after the US Federal Reserve and other central banks in Europe hiked interest rates despite turmoil in the banking sector.

The Street

Stocks Nudge Higher, Yellen 'Blanket', Coinbase On Notice, Swiss Hike, Boeing Deal

Stock futures nudge higher as Fed hints at rate hike pause; Yellen says no plan for 'blanket' bank deposit insurance' from Treasury; Coinbase shares tumble after crypto exchange gets SEC Wells Notice; Swiss National Bank hikes rates, says bank crisis 'halted and Boeing confirms $2.5 billion 737 Max deal with…

AFP

Asian markets rise as dollar falls on Fed rate hopes

Hong Kong (AFP) - Asian markets mostly rose Thursday and the dollar retreated, brushing off a Wall Street fall on hopes the Federal Reserve's latest interest rate hike would be one of its last.

The Independent UK

Asian shares mixed after Fed hints rate hikes may end soon

Asian shares are mixed after the Federal Reserve raised a key interest rate, while noting the end may be near for its economy-crunching rate hikes

Chicago Sun-Times

Federal Reserve raises key rate by quarter-point despite banking industry turmoil

Fed Chairman Jerome Powell seeks to reassure Americans that their money was safe after the failure of Silicon Valley Bank, Signature Bank as the Fed continues to fight inflation.

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