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The Latest Breaking News from US Federal Reserve

Elizabeth Warren says Republicans handed Fed chairman ‘flamethrower that he aimed at the banking rules’

The Massachusetts Democrat blames a 2018 law that Donald Trump signed weakening financial regulations

The Independent UK

Lawmakers are split on how to respond to the recent bank failures

Days after the failure of two regional banks shook the financial industry, lawmakers say they want answers but disagree on what role Congress should play right now.

WEKU

Credit Suisse and SVB banking crises are 'not a repeat of 2008'

The sudden collapse of Silicon Valley Bank and renewed crisis at Credit Suisse are raising fears of another global financial crisis, but most experts agree that we shouldn't worry too much … yet.

ABC News

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Elizabeth Warren slams Powell for weak regulation, oversight of SVB

Senator Elizabeth Warren blasted Federal Reserve Chair Jerome Powell for “an astonishing list of failures” that contributed to the collapse of Silicon Valley Bank and Signature Bank in a letter to the Fed chief Wednesday.

Tribune News Service

3 Stocks That Can Help You Make Enough to Retire Early

The recent regional bank collapses, price surges, and fears of an economic slowdown have heightened market volatility. Against this backdrop, fundamentally sound dividend stocks Walmart (WMT), PepsiCo (PEP), and STMicroelectronics (STM) might be solid buys that can make one enough to retire early. Read on….

StockNews.com

How banking turmoil is changing the economic outlook

A handful of large, troubled U.S. regional banks may well accomplish what the mighty Federal Reserve couldn't on its own.

Axios

1 Dividend ETF to Buy Amid Uncertain Market Conditions

Although consumer prices have eased slightly, the job market remains tight. With concerns over the interest rate hikes ahead of the next FOMC meeting and economic uncertainty caused by the bank failures, the Vanguard Dividend Appreciation ETF (VIG) could be a solid buy to generate a steady income stream. Read…

StockNews.com

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Average long-term US mortgage rates come back down to 6.6%

The average long-term U.S. mortgage inched back down this week after five straight weeks of increases, good news for homebuyers as the housing market’s all-important spring buying season gets underway

The Independent UK

Steer Clear of These 4 Auto Stocks in 2023

Although inflation continues to ease, it remains elevated, impacting new vehicle sales. Concerns over aggressive rate hikes and impending recession are expected to keep the auto industry under pressure. Therefore, it could be best to avoid fundamentally weak stocks NIO (NIO), Lucid Group (LCID), Rivian Automotive (RIVN), and Workhorse Group…

StockNews.com

Top GOPer: No need for tougher bank rule

Critics say Mike Crapo's law exempting SVB and others from stricter requirements led to collapse

Salon

3 Best-in-Class Growth Stocks to Buy Now

The Fed will likely go ahead with a smaller interest rate hike next week to stabilize the financial sector. This could give growth stocks some relief from the continued sell-off. Therefore, it could be wise to buy fundamentally strong growth stocks Salesforce (CRM), Extreme Networks (EXTR), and Cars.com (CARS). Read…

StockNews.com

Applications for jobless aid in U.S. fall last week

Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation

The Independent UK

US regulators avoided a banking crisis by swift action following SVB's collapse – but the cracks it exposed continue to weaken the global financial system's foundation

U.S. regulators’ swift reaction to the collapse of Silicon Valley Bank and two other lenders partially restored calm to markets, but concerns remain over the stability of the global financial system.

The Conversation

A Nobel-winning economist dissects SVB's collapse

Douglas Diamond warned in October that the Fed’s policies of raising rates at a virtually unprecedented pace would trigger dangerously big losses in the bond portfolios of companies and banks.

Fortune

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Tribune News Service

Editorial: SVB mess demands a rethink on government bailouts

The demise of Silicon Valley Bank has put the U.S. government into an uncomfortable position, backstopping depositors like never before to prevent a broader and potentially devastating bank run.

Fortune

Nobel Prize-winning economist debunks 3 misconceptions about SVB's collapse—and explains what went wrong

Douglas Diamond says SVB violated the most basic rule of banking.

The Independent UK

Asian stocks fall after Wall St sinks on new bank fears

Asian stock markets have tumbled after Wall Street sank as a plunge in Credit Suisse shares reignited worries about a possible bank crisis following the failure of two U.S. lenders

The Independent UK

Senior Democrats hand back Silicon Valley Bank donations following bank’s collapse

Federal regulators seeking to sell bank

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Fortune

The real victims of SVB aren't the tech elite: Hardworking business owners share their horror stories of the bank's collapse

The Silicon Valley Bank bailout was not about solving a “1% problem.”

Salon

SVB-backed GOPers "want to go further"

"They don't want any kind of oversight whatsoever," watchdog group warns

The New Daily

Alan Kohler: The Fed broke something, so the rate hikes are finished

US rate hikes only ever have a gradual impact on households, while in Australia the effect on the household sector is dramatic and immediate.

Tribune News Service

Fed gets more room to pause rate hikes after drops in producer prices, retail sales

U.S. producer prices and retail sales both declined in February, giving Federal Reserve officials more room to potentially pause interest-rate hikes as they weigh the impact of a banking crisis against inflation risks.

StockNews.com

2 Chip Stocks to Buy in 2023 and 2 to Avoid Completely

Despite the current short-term cyclical downturn, the long-term outlook for the chip industry remains strong thanks to the increasing application of chips in powering critical technological trends. Therefore, quality chip stocks Taiwan Semiconductor Manufacturing (TSM) and Broadcom (AVGO) could be ideal buys this year. However, it could be wise to…

Fortune

BlackRock's Larry Fink sees the possibility of a broader banking crisis on the horizon: 'Are the dominoes starting to fall?'

Larry Fink, chief of the largest asset managers in the world, compared the SVB fallout to a "slow rolling crisis" similar to the Savings and Loan crisis.

StockNews.com

2 Stocks That Could Make Your Wealthier in the Next Decade

The stock market volatility is expected to remain due to consistent high inflation and the Fed's rate hikes. Amid this, investing in stocks with solid fundamentals and excellent dividend history, Coca-Cola (KO), and Cardinal Health (CAH) could ensure a stable source of income. Moreover, these stocks could help increase your…

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