The Fed is 'tone deaf' if it hikes interest rates when a debt default and banking crisis are looming, top economist David Rosenberg says

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David Rosenberg
David Rosenberg.

Gluskin Sheff

The Fed pursuing 2% inflation is an 'absolute trap' for the economy, 40-year market veteran says

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A man walks past shop signs showing offers. It's an indicator of the rising cost of living.
US inflation rose to 8.3% in the 12 months to April 2022.

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Warren Buffett's business partner warns of a credit crunch in commercial real estate - and says it's a tough time to be an investor

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Warren Buffet Charlie Munger Berkshire Hathaway
Warren Buffett (left) and Charlie Munger.

JOHANNES EISELE/Getty Images

Mohamed El-Erian warns of 'collateral damage' from the JPMorgan-First Republic deal, and points to 4 unintended consequences

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Mohamed el-erian
Mohamed El Erian.

Photo by Rob Kim/Getty Images

First Republic's rescue by JPMorgan means the worst of the banking uncertainty is over, Citi CEO says

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Citi's Jane Fraser
JPMorgan's rescue of First Republic means the worst of the banking crisis is over, according to Citigroup CEO Jane Fraser.

Patrick T. Fallon/AFP via Getty Images

Billionaire Apollo co-founder Marc Rowan sees the 2nd wave of bank stress coming as commercial real estate concerns mount

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Marc Rowan
Marc Rowan, Apollo co-founder.

Reuters

First Republic's takeover worsens the 'too big to fail' bank problem, and taxpayers will be on the hook, Elizabeth Warren says

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Sen. Elizabeth Warren
Sen. Elizabeth Warren.

Tom Williams/CQ-Roll Call, Inc via Getty Images

US stocks mixed as traders mull impact of First Republic failure and brace for big Fed meeting

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Traders on the floor of the New York Stock Exchange (NYSE)
Traders on the floor of the New York Stock Exchange (NYSE)

Spencer Platt/Getty Images

JPMorgan is buying First Republic Bank after it was taken over by regulators

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First Republic Bank
First Republic Bank branch on Park Avenue in New York City.

Michael Brochstein/SOPA Images/LightRocket via Getty Images

First Republic Bank shares tank 43% after report says the struggling lender is likely to be taken over by the government

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A pedestrian walks by a First Republic bank on April 26, 2023 in San Francisco, California.
First Republic stock has plummeted after Silicon Valley Bank's failure.

Justin Sullivan/Getty Images

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