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Steve Forbes says the Fed's stubborn rate hikes are trashing the US economy

Fri, 03/24/2023 - 08:14

Tech Insider : Economy

Steve Forbes — Chairman and Editor-in-Chief of Forbes Media Steve Forbes speaks during the Forbes' 2015 Philanthropy Summit Awards Dinner on June 3, 2015 in New York City.
Dimitrios Kambouris/Getty Images

Markets, MI Exclusive, Steve Forbes, US Economy and Markets, Inflation, Fed, economy

Dow tumbles over 300 points as Deutsche Bank jitters reignite Europe's banking concerns

Fri, 03/24/2023 - 08:11

Traders — (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

Markets, MI Exclusive, Stocks, Stock markets, stock market news, NASDAQ, S&P500

The current banking crisis is a 'worldwide phenomenon' that started long before SVB failed, Harvard professor and former IMF economist says

Thu, 03/23/2023 - 16:06

SVB bank — SVB Financial's share price collapse is weighing on top bank stocks including JPMorgan and Bank of America.
Dado Ruvic/Reuters

Markets, MI Exclusive, Banks, Silicon Valley Bank, SVB, Banking Crisis, Inflation

The banking crisis risks severe spillover across the financial sector and beyond, Moody's says

Thu, 03/23/2023 - 13:48

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

Markets, MI Exclusive, bank crisis, SVB, Silicon Valley Bank, Fed, Federal Reserve

Bill Ackman warns the US economy is heading for a 'train wreck' as the Fed hikes interest rates again

Thu, 03/23/2023 - 07:45

Bill Ackman — Bill Ackman.
Reuters/ Eduardo Munoz

Markets, MI Exclusive, Bill Ackman, Banking Crisis, US banking system, us banking crisis, SVB

Former Treasury Secretary Larry Summers says more rate hikes may be needed to kill inflation despite a banking crisis

Thu, 03/23/2023 - 06:16

larry summers — Harvard University President Emeritus Larry Summers.
REUTERS/Jonathan Ernst

Markets, MI Exclusive, Larry Summers, Inflation, Fed, fed inflation, fed decision

The banking crisis is not over and more pain is coming for the stock market, CEO of the largest publicly-traded hedge fund says

Wed, 03/22/2023 - 15:00

Luke Ellis — Luke Ellis
Heidi Gutman via Getty Images

Markets, MI Exclusive, Man Group, man group ceo, Luke Ellis, Stock Market, Stocks

Former Goldman Sachs CEO Lloyd Blankfein says the latest crisis not like 2008 as the banking system is in much better shape

Wed, 03/22/2023 - 13:15

Lloyd Blankfein — Former Goldman Sachs CEO, Lloyd Blankfein
Brendan McDermid/Reuters

Markets, MI Exclusive, Lloyd Blankfein, Goldman Sachs, Silicon Valley Bank, SVB, 2008 Financial Crisis

The Fed 'can hit the pause button' on interest rates as it's done enough to fight inflation, JPMorgan Asset Management's fixed-income chief says

Wed, 03/22/2023 - 12:40

Tech Insider : Economy

Wall Street — Henny Ray Abrams/AP

Markets, MI Exclusive, Federal Reserve, Interest Rates, Monetary Policy, Yields, JPMorgan Asset Management

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.

economy, politics, Policy, SVB, SVB collapse, Silicon Valley Bank, Silicon Valley Bank collapse

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