CNBC Daily Open: Powell flipped the script
The Federal Reserve hiked interest rates by a quarter point, as markets had expected. They didn’t expect Powell’s warnings on the economy.
Yellen’s comments rattled the market, not the Fed rate hike, Jim Cramer says
The Federal Reserve’s quarter-point rate hike “seems just right,” said CNBC’s Jim Cramer.
Coinbase warned by SEC of potential securities charges
The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.
Stocks close higher Thursday following a volatile trading session: Live updates
Stocks ended higher on Thursday in what was a turbulent trading session as traders bet that the Fed may be nearing the end of its rate hiking cycle.
Markets saw a dovish Fed hike but Powell’s warning on credit conditions spooked investors
Fed Chairman Jerome Powell said financial conditions could be tighter than they seem, indicating to some market pros that rate hikes could be coming to an end.
Insiders in the banking sector scoop up shares during spreading crisis
Stephens Bank said about 40% of banks in its coverage have disclosed insider purchases since March 6.
Financial conditions are tightening after SVB’s collapse and could slow the economy, Powell says
The regional banking crisis could slow the U.S. economy even as deposits stabilize, the Fed chair said.
SEC charges Tron founder Justin Sun, celebrities Lindsay Lohan, Jake Paul with crypto violations
The SEC unveiled charges against diplomat Justin Sun for fraud and securities violations, while charging celebrity backers including Jake Paul and Lindsay Lohan.
Top banking analyst Mike Mayo just made two regional banks his prime picks to buy
The longtime analyst expects the two stocks could each rally more than 50% over the next year.
Don’t chase meme stock GameStop here, says Jefferies
Meme-stock darling GameStop’s recent quarterly earnings strength isn’t enough to ignore core business headwinds, according to a Tuesday note from Jefferies.
