Posted: March 20, 2023 3:14 PM ET Risky debt issued by several European banks in response to the 2008 global financial crisis was under heavy pressure in New York trading on Monday after regulators orchestrated a sale from Credit Suisse to UBS, triggering a historic writedown in specialty bonds the process. Debt issued by Barclays … Read more
Top 10 things to watch Monday, March 20 1. Wall Street looks stable to start the week and ahead of the Fed’s interest rate decision after Wednesday afternoon’s meeting. The market is putting about a 60% chance on a quarter-point rate hike and 40% on no hike as policymakers watch ongoing banking struggles. Here are … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
The aftershocks of the collapse of three U.S. banks in less than a week could be more painful for stocks in the coming weeks by creating new hurdles for the Federal Reserve in its fight against inflation, strategists from the market. US authorities, including the Fed, Treasury and Federal Deposit Insurance Corp., jointly announced on … Read more
Posted: March 10, 2023 1:34 PM ET Bitcoin saw its losses deepen on Friday, falling below $20,000 for the first time since January, as investors fret over contagion from Silicon Valley Bank, which was shuttered by regulators and taken over by the Federal Deposit Insurance Corp. days after crypto-friendly Silvergate Bank said it would cease … Read more
One of the bond market’s most reliable indicators of impending U.S. recessions dipped further into triple-digit negative territory on Wednesday, as Federal Reserve Chairman Jerome Powell reiterated the need for higher interest rates. high and a possible reacceleration of the rate of increases. The widely followed spread between 2- and 10-year Treasury yields was minus … Read more
There will be no rest for investors this week as they await a landmark report on the state of the US labor market, as well as semi-annual congressional testimony from Federal Reserve Chairman Jerome Powell. To complicate matters further, investors will also be watching the reaction of equities to more attractive risk-free yields in the … Read more
The two major retailers released a cautious outlook for U.S. consumers for 2023 last week. Walmart said consumer spending will start the year strong, but will fade. Home Depot expects revenue to be flat this year, but supported by home equity. The retail sector had its worst week since July 2022, and yet the latest … Read more
CNBC’s Jim Cramer said on Friday that only one of six items on his market stability checklist had happened this week. It was the worst week of 2023 for all major market averages. CNBC’s Jim Cramer said on Friday that his six-point checklist for stabilizing the market wasn’t even close to being finished this week. … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on February 22, 2023 in New York City. Michael M. Santiago | Getty Images Here are the most important information investors need to start their trading day: Investors are watching consumer spending data, due Friday morning, for another piece of evidence … Read more
