Tag: Investment strategy
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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 […]
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Yellen’s comments shocked the market, not the Fed’s rate hike
CNBC’s Jim Cramer said Wednesday that the market was distracted by Janet Yellen’s comments about bank failures instead of focusing on the stability reflected in the Fed’s rate hike. During the press conference of Fed Chairman Jerome Powell, Cramer said the market went haywire before falling in response to Yellen’s comments. CNBC’s Jim Cramer said […]
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Insiders say BTC could test new highs in 2023
Bitcoin is up nearly 70% so far this year — and industry insiders who spoke to CNBC remain optimistic, with one saying the world’s largest cryptocurrency could reach new heights. Marshall Beard, chief strategy officer at US-based cryptocurrency exchange Gemini, said $100,000 could be an opportunity for bitcoin. Part of the industry’s positive view of […]
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Financial instability as the biggest market risk: Wells Fargo
A major Wall Street firm ranks financial instability over inflation as the biggest economic risk for the next three months. In an interview following the Federal Reserve’s quarter-point rate hike, Michael Schumacher of Wells Fargo Securities suggested that policymakers are underestimating how quickly tightening credit conditions could hurt the economy. “The Fed doesn’t give enough […]
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5 things you need to know before the stock market opens on Wednesday, March 22
The Fed is expected to raise its benchmark rate. Google releases its AI product Bard for testing. Nike sees momentum in China after Covid-induced slump. Here are the most important news items investors need to start their trading day: The decision day has arrived. Will the Federal Reserve raise its reference rate by another quarter […]
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Investors and ‘longer view’ to survive the volatile market
CNBC’s Jim Cramer said Tuesday that despite the scary events of the past few weeks, investors shouldn’t make decisions based on everyday fears. He explained that history often proves that owning shares of high-quality companies is the recipe for navigating a volatile market. CNBC’s Jim Cramer said Tuesday that investors are operating too much out […]