Fed rate hike decision March 2023:
WASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end.…
Stocks moving big premarket: NVDA, FDX, FRC
Nvidia’s A100 GPU, used to train ChatGPT and other generative AI, is shown at the demo center of Nvidia’s headquarters in Santa Clara, CA, on February 9, 2023. Katie Tarasov…
This week’s top gainers include two chip stocks along with Microsoft
Wall Street is wrapping up a volatile week — but certain stocks managed to outperform the rest. The S & P 500 ended the week with a 1.43% gain, while…
First Republic shares fall despite deposit infusion, dragging down other regional banks
People are seen inside the First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar Mike Segar | Reuters Shares of…
First Republic, Signet Jewelers, Snap and more
A customer walks past an ATM outside of a First Republic Bank branch in Manhattan Beach, California, on March 13, 2023. Patrick T. Fallon | AFP | Getty Images Check…
Here’s how we navigated SVB-sparked chaos and Tuesday’s bounce
Wall Street mounted a relief rally Tuesday, following three straight sessions dominated by the woes of now-collapsed Silicon Valley Bank. Confronted with the ensuing spike in market volatility, we sought…
Third-biggest bank failure in U.S. history
The Signature Bank headquarters at 565 Fifth Avenue in New York, US, on Sunday, March 12, 2023. Lokman Vural Elibol | Anadolu Agency | Getty Images On Friday, Signature Bank…
Stocks moving big after hours: GTLB, UAL, FRC
GitLab Sopa Images | Lightrocket | Getty Images Check out the companies making headlines after hours. Gitlab — Shares tumbled 36% after Gitlab issued a softer-than-expected outlook. It posted fiscal-year…
FRC tells CNBC the bank isn’t seeing that many depositors leave, JPM funding working
First Republic Bank has been able to meet withdrawal demands on Monday with the help of additional funding from JPMorgan Chase, the bank’s executive chairman told CNBC’s Jim Cramer. Jim…
SVB’s tech failings preceded the historic bank run, critics say
Nikolas Kokovlis | Nurphoto | Getty Images Silicon Valley Bank’s historic meltdown last week was largely attributed to deteriorating business conditions in the firm’s concentrated customer base and an ill-timed…