Tag: Investment strategy
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Ed Yardeni says the S&P 500 could rise double digits to finish the year at 4,600
Market veteran Ed Yardeni believes the S&P 500 can still post double-digit gains this year despite the banking crisis and fears of a hard landing. “This banking crisis is going to be very well controlled by both the Fed and the FDIC. And at the same time, I think it’s going to keep the Fed […]
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5 things you need to know before the stock market opens on Wednesday, March 29
The run on Silicon Valley Bank could have been worse. The FBI accused Sam Bankman-Fried of bribing at least one Chinese official. Starbucks Senator Bernie Sanders and Howard Schultz face each other at a Senate hearing. Here are the most important news items investors need to start their trading day: The market is in a […]
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Jamie Dimon is impeached over JPMorgan Chase’s role in Epstein lawsuits
Jamie Dimon, the veteran CEO and chairman of JPMorgan Chase, will be ousted over his bank’s ties to disgraced former financier Jeffrey Epstein, according to a person with knowledge of the matter. Dimon agreed to be interviewed under oath, at an undetermined date in the future, for two civil trials related to convicted sex offender […]
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First Republic rallies 25% Monday to lead regional banks’ comeback
Bloomberg News reported Saturday that US officials are considering expanding federal programs that provide banks with liquidity, in part to help First Republic search for a buyer. CNBC reported on Saturday that the inflow of deposits into major banks from the smaller regions has slowed significantly. Regional bank stocks have been under a lot of […]
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Deposit outflow from small banks to JPM, WFC, C delayed
The wave of deposits moving from smaller banks to big institutions like JPMorgan Chase and Wells Fargo has slowed to a trickle in recent days, CNBC has learned. Deposit outflows, which rocked markets worldwide and forced regulators to step in to protect bank customers, began to improve around March 16, people with knowledge of inflows […]
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Market reaction to Fed rate hike ‘almost always fake’
CNBC’s Jim Cramer said Friday that this week was the latest example of the market going crazy after a Federal Reserve meeting. But based on previous market reactions to the central bank’s previous rate hikes, this week’s activity may not prove to be very meaningful in the long run. The initial reaction to the Fed’s […]
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Banks make more use of new Fed facility created during crisis
Institutions borrowed $53.7 billion from the Bank Term Funding Program as of Wednesday, a sharp increase from $11.9 billion last week. Another category of loans, mainly granted to closed banks to meet depositor obligations and other expenses, also increased. These loans rose from $142.8 billion last week to $179.8 billion. The new bank financing program […]