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

Are we in a recession? Elon Musk says the pile of failed banks proves it.

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Good morning, team. I'm Phil Rosen. If you missed it Monday, regulators seized First Republic Bank and JPMorgan took over the majority of its assets. 

Robinhood mistakenly told its users that AMC had filed for bankruptcy

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AMC AP
Robinhood falsely told its users that AMC had filed for bankruptcy.

AP

US stocks close lower after First Republic falls and ahead of the Fed's 2-day policy meeting

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A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz
Traders work on the floor at the New York Stock Exchange (NYSE) in New York

Reuters

Most investors think Warren Buffett's Berkshire Hathaway will outperform the S&P 500 in the next 5 years, survey says

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Warren Buffett
Warren Buffett.

CNBC/YouTube

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

'The market is getting impatient': Here's what investors are looking for at the Fed's upcoming policy meeting

Tech Insider : Economy
Federal Reserve Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023.

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Here's what Jerome Powell's critics and defenders have been saying as the Fed gets ready to possibly raise rates for the last time in the current cycle

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Jerome Powell
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.

Joshua Roberts/Reuters

The US will suffer a recession – and don't expect the Fed to rescue stocks when that happens, top Macquarie economist says

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Market crash 2008
Investors shouldn't expect the Federal Reserve to bail out stocks when the US economy suffers a recession, according to Macquarie's head of economics David Doyle.

Lucas Jackson/Reuters

Warren Buffett eats McDonald's for breakfast, drinks 5 Cokes a day, and devours cookies and ice cream. Here are the investor's 11 best quotes about his iconic diet.

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warren buffett
Warren Buffett.

REUTERS/Rick Wilking

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