SVB crisis reveals how tough higher rates can be — but these 3 stocks are resilient, strategist says
Firetrail Investments’ Anthony Doyle says it’s time for selective stock picking, naming one “quality, sort of defensive-style” tech giant he likes.
Asia markets tumble led by Japan, South Korea and Hong Kong as investors weigh SVB concerns
Asia markets tumbled in a volatile session, continuing sharp losses seen on Wall Street as investors grapple with the fallout of failed banks in the U.S., including Silicon Valley Bank.
CNBC Daily Open: The bank rout continues. The Fed might still raise rates anyway
Bank stocks had a very rough Monday in the aftermath of Silicon Valley Bank’s implosion. The 2-year Treasury yield plummeted.
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.
