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A bipartisan pair of lawmakers just launched an effort to crack down on the Fed following Silicon Valley Bank's collapse

Wed, 03/22/2023 - 12:16

Tech Insider : Economy, Politics

From left, Energy Secretary Rick Perry Sens. Rick Scott, R-Fla., and Elizabeth Warren, D-Mass, talk before Senate Armed Committee confirmation hearing titled — From left, Energy Secretary Rick Perry Sens.

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Silicon Valley Bank insiders borrowed a record $219 million from the lender as its troubles built

Wed, 03/22/2023 - 11:49

Tech Insider

SVB — Silicon Valley Bank
Nikolas Liepins/Anadolu Agency via Getty Images

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US stocks slip ahead of Fed's decision on interest rates following bank crisis

Wed, 03/22/2023 - 09:40

Tech Insider

traders nyse — Traders work on the floor of the NYSE in New York.
Brendan McDermid/Reuters

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Top economist David Rosenberg said the Fed should put bigger rate hikes back on the table after bouts of 'speculative lunacy'

Wed, 03/22/2023 - 07:54

Tech Insider

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Nobel economist Paul Krugman sounds the recession alarm as banking fears mount - but shrugs off 'apocalyptic warnings' and fears of another financial crisis

Wed, 03/22/2023 - 06:54

Tech Insider

Paul Krugman Joe Scarborough debate — Paul Krugman.
AP

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The Fed is about to deliver a momentous policy decision. It'll be a choice between keeping the focus on inflation or stemming the banking chaos.

Wed, 03/22/2023 - 06:10

Tech Insider

There is a crucial Fed decision looming today. It's the next big input for markets after weeks of turmoil that saw three US banks fail and a large European bank taken over in an emergency deal brokered by the government and regulators. All that while inflation is hovering at 6% on an annual basis here at home.

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Central banks' obsession with holding down wages has led to banks becoming 'collateral damage in a class war,' says GFC veteran economist

Wed, 03/22/2023 - 05:45

Tech Insider : Economy

Economist Ann Pettifor — Central banks' obsession with holding down wages has led to banks becoming 'collateral damage in a class war,' warns GFC veteran economist.
Simone Padovani/Awakening/Getty Images

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Expectations for the Fed's next rate hike this month have posted the biggest swings since the start of the pandemic

Tue, 03/21/2023 - 16:39

Tech Insider

Silicon Valley Bank, Fed Chair Jerome Powell
John Brecher for The Washington Post via Getty Image, Anna Moneymaker/Getty Images

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Billionaire investor Nelson Peltz says money flying out of banks is dangerous. Here's his idea for the Fed that he says will stop more bank runs

Tue, 03/21/2023 - 14:03

Tech Insider

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Warren Buffett's company is set to bag almost $4 billion in interest income this year thanks to surging rates

Tue, 03/21/2023 - 13:02

Tech Insider

Berkshire Hathaway CEO Warren Buffett Dairy Queen Ice Cream — Warren Buffett.
REUTERS/Rick Wilking

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