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The Latest Breaking News from US Federal Reserve

Tech industry builds in the ruins again

Silicon Valley's platform leaps always seem to happen in times of economic turmoil.

Axios

Oil Falls More Than $2 on Banking Concerns, Likely Fed Rate Hike

Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline and ahead of a potential hike in US interest rates this week. Brent crude futures for May settlement fell $2.32,…

Asharq Al-Awsat

Asian stocks sink after Credit Suisse takeover

Asian stock markets are lower after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes

The Independent UK

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UK banking system ‘safe and sound’ after Credit Suisse buyout, Bank of England says

Threadneedle Street has days before next interest rates call, as central banks signal more turmoil could follow

The Independent UK

Global central banks announce joint action to combat crisis

Dollar swap lines were also used extensively in 2008 and 2020 to keep dollars flowing.

Axios

Midsize US banks ask FDIC to insure deposits for 2 years

A coalition of midsize U.S. banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.

Tribune News Service

Warren says she favors increasing FDIC’s deposit insurance cap

WASHINGTON — Sen. Elizabeth Warren is calling for more U.S. deposits to be covered by federal insurance and demanding government probes into whether lax regulation fueled this month’s collapse of Silicon Valley Bank and Signature Bank.

Tribune News Service

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Elizabeth Warren says Fed chair ‘failed’ and calls for inquiry into bank collapse

Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banks

The Guardian - US

Warren calls for investigation into the Fed amid banking turmoil

"The fed doesn't just get to do its own investigation," Warren said.

Axios

Silicon Valley Bank’s collapse will not be a one-off – a banking crisis was long overdue

We now know what happens when central banks raise rates and reverse QE

The Guardian - UK

We revisit Fishponds high street two years after we were told it has 'nothing'

There has been a lot of change in a short space of time

Bristol Post

Sanders urges banning bank CEOs on Fed boards in wake of SVB

WASHINGTON — Sen. Bernie Sanders, I-Vt., said he plans to introduce a measure that would prevent big bank executives from serving on the boards of the regional Federal Reserve banks that oversee them.

Tribune News Service

Midsize US banks ask FDIC to insure deposits for two years

A coalition of midsize U.S. banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.

Tribune News Service

Bank failures: Anger in Congress, but division on what to do

Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks

The Independent UK

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Bangkok Post

As in 2008, JPMorgan chief plays key role in bank rescue

NEW YORK: Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008.

StockNews.com

Bank Problems = Bearish Thumb on Stock Market Scale

If you were not bearish already, then perhaps time to reconsider your stock market (SPY) outlook. As you will discover in today’s commentary, even the best case scenario for the recent banking concerns still likely tips the economy into recession which leads to deepening bear market. Read on below for…

Bangkok Post

Volatility may ease but risk remains

The Stock Exchange of Thailand experienced its most volatile week of the year, with gains and losses of more than 40-50 points, as did global bourses as a bank run led to the collapse of Silicon Valley Bank (SVB) and eroded confidence in US lenders.

Salon

SVB collapse reveals regulatory failure

It's a familiar cycle: Boom, bust, then bailout. Now everyone is wondering where the financial regulators were

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news in one place.

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StockNews.com

3 Stocks That Could Deliver Healthy Returns This Year

The stock market will likely stay under pressure this year, with stubborn inflation and elevated interest rates. However, the Fed’s decision could largely be influenced by concerns about the recent banking crisis. Amid such uncertainty, fundamentally sound stocks Johnson & Johnson (JNJ), Abbott Laboratories (ABT), and Humana (HUM) could be…

The Guardian - UK

Credit Suisse shares continue to fall despite efforts to calm nerves

Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns

StockNews.com

Don't Get Trapped Owning These 2 Cruise Line Stocks in 2023

Sticky inflation and recessionary fears have compelled Americans to check their spending habits. Diminishing demand could keep the cruise line industry under significant pressure this year. Against this backdrop, weak cruise line stocks Royal Caribbean Cruises (RCL) and Carnival Corporation (CCL) might be best avoided in 2023. Read on….

StockNews.com

2 Stocks to Buy Without Hesitation in 2023

The stock market has seen intense volatility lately due to high inflation, strong job growth, and the insolvencies of two banks. The market is expected to remain volatile, with the Fed’s next move on the rate hikes unclear. Amid this backdrop, it could be wise for investors to buy fundamentally…

StockNews.com

Banking Turmoil Makes for Turbulent Markets

At the end of last week's issue, I told everyone to buckle up for the boom. I wasn't expecting one of the global systemically important banks (G-SIBs) to wind up on the chopping block. And Friday is a rare market event that is known for its wild price swings. So…

StockNews.com

FuelCell Energy: Is It Time to Buy, Sell or Hold This Penny Stock?

While the industrials sector is poised to witness steady growth this year, not all industry participants are fit enough to capitalize on the sector tailwinds. As the stock market is expected to remain highly volatile in the foreseeable future, let’s find out if it could be wise to invest in…

StockNews.com

3 Stocks That Are Screaming Buys in March

The Fed will likely go ahead with a smaller rate hike next week due to the bank insolvencies. However, the market is expected to remain under pressure as recession possibilities rise. In this scenario, it could be wise for investors to buy Marathon Petroleum (MPC), Centene (CNC), and Boyd Gaming…

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