S&P 500 jumps 1% as regional banks rebound: Live updates
Investors pushed up some bank stocks while watching the latest inflation data.
Consumer inflation may have cooled in February but only slightly
Consumer inflation may have cooled off a little in February, but economists expect it is still running at a high pace.
Regulators may still try to find a buyer for Silicon Valley Bank, source says
There’s still an opportunity to sell Silicon Valley Bank according to the official, saying that’s not off the table.
Jeffrey Gundlach says Fed will hike funds rate next week to save credibility — but shouldn’t
While Gundlach sees more tightening ahead, he doesn’t think that’s the appropriate response right now as regulators’ rescue programs are inflationary in nature.
Crypto just lost both of its main banks. Here’s what it means for the industry going forward
The two biggest banking institutions serving cryptocurrency businesses in the U.S. have shut down in the last four days.
The bond market’s recession warning has gotten more urgent
The bond market is sending a more urgent recession warning and also signaling that the Fed may have to pause raising interest rates.
Something broke, but the Fed is still expected to go through with rate hikes
Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
Pfizer CEO says it will be able to deliver Seagen’s cancer therapy at a scale not seen before with $43 billion deal
Pfizer CEO Albert Bourla said it will deliver Seagen’s cancer therapy to the world at a scale that hasn’t been seen before with its $43 billion acquisition.
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.
Charles Schwab shares drop 12% even as the firm defends financial position
Schwab defended its financial position, reiterating that it has plenty of access to liquidity and a low loan-to-deposit ratio.
