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Federal Reserve

Goldman Sachs just told us the banking crisis makes it more pessimistic about the economy - and other recession signals are blaring too

Fri, 03/17/2023 - 06:15

This week felt like the longest month ever. Phil Rosen here — who knew you could age so precipitously in so few calendar days?

Markets, Newsletter, 10 things, 10 things opening bell, first republic bank, Silicon Valley Bank, bank crisis

Dow jumps 372 points as US stocks surge on rescue plans for struggling banks

Thu, 03/16/2023 - 16:09

traders — (Photo by ANGELA WEISS/AFP via Getty Images)

Markets, MI Exclusive, Stocks, S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Banks

Bank turmoil drags oil prices down to 15-month low

Thu, 03/16/2023 - 09:55

us oil refinery — REUTERS/Donna Carson

Markets, MI Exclusive, oil prices, Brent Crude, WTI, energy, bank crisis

'Big Short' investor Steve Eisman says it'll be bad news for stocks if the banking crisis causes the Fed to pause: 'You should be scared'

Thu, 03/16/2023 - 06:34

Steve Eisman — "Big Short" investor Steve Eisman.
Hector Retamal/AFP via Getty Images

Markets, MI Exclusive, Stocks, Big Short, Steve Eisman, Stock Market Analysis, Stock Market Outlook

Elizabeth Warren scoffs at the idea that banks like SVB can be trusted to do their own stress testing: 'I taught school for many, many years. And I did not let my students do their own testing'

Wed, 03/15/2023 - 13:54

Tech Insider : Economy, Politics

Massachusetts Sen. Elizabeth Warren — U.S. Sen. Elizabeth Warren criticized regulators this week for protecting SVB depositors following the bank's failure.
Win McNamee/Getty Images

economy, politics, Elizabeth Warren, Bernie Sanders, Joe Biden, Federal Reserve, SVB

The US is heading for a credit crunch and now is the time to buy gold and bitcoin, Galaxy CEO Mike Novogratz says

Wed, 03/15/2023 - 13:09

Mike Novogratz — Lucas Jackson/Reuters

Markets, MI Exclusive, Mike Novogratz, Silicon Valley Bank, SVB, Signature Bank, Silvergate Bank

Billionaire David Rubenstein says the Fed will keep hiking in March to show it's still fighting inflation despite SVB collapse

Wed, 03/15/2023 - 12:54

David Rubenstein Davos — Carlyle Group's co-founder and co-CEO David Rubenstein.
Ruben Sprich/Reuters

Markets, MI Exclusive, David Rubenstein, Silicon Valley Bank, Federal Reserve, Monetary Policy, Interest Rates

The Fed should keep up the fight against inflation as SVB collapse is not like the 2008 crisis, Morgan Stanley Wealth Management CIO says

Wed, 03/15/2023 - 12:40

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, March 7, 2023. — Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, March 7, 2023.
AP Photo/Andrew Harnik

Markets, MI Exclusive, Jerome Powell, Inflation, inflation powell, Fed, Federal Reserve

A top real estate economist breaks down how the Silicon Valley Bank failure can push more homebuyers into the housing market as mortgage rates fall faster than expected

Wed, 03/15/2023 - 11:51

home for sale — Justin Sullivan/Getty Images

Markets, MI Exclusive, Homes, SVB, Silicon Valley Bank, housing rebound, housing crash

Credit Suisse was losing the faith of investors long before the SVB debacle. Here's why the situation came to a head this week.

Wed, 03/15/2023 - 11:05

Swiss Switzerland Fan Flag Soccer — Credit Suisse's stock is plunging as investors fear a banking crisis.
AP Photo/Schalk van Zuydam

Markets, MI Exclusive, Stocks, Credit Suisse, Banks, Banking Crisis, Lehman Brothers

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