CNBC’s Jim Cramer said Friday that the initial market sell-off prompted by the Fed rate hike may point to a reversal in the coming months, based on past data.Story Published at: March 25, 2023 at 12:34AM
The market’s initial reaction to a Fed rate hike is ‘almost always a head fake,’ Jim Cramer says
Nearly $100 billion in deposits pulled from banks; officials call system ‘sound and resilient’
Regulators again assured the public that the system is safe, which came as data showed customers pulled nearly $100 billion in deposits.Story Published at: March 24, 2023 at 08:56PM
Watch live: Joe Biden, Justin Trudeau hold press conference in Canada
President Joe Biden addressed Canada’s Parliament, then will hold a joint press conference with Canadian Prime Minister Justin Trudeau. Story Published at: March 24, 2023 at 08:04PM
Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads
Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe’s banks.Story Published at: March 24, 2023 at 03:24PM
Europe’s leaders battle banking crisis as market rout hangs over Brussels summit
Shares of Deutsche Bank traded more than 14% lower at one point Friday after a Thursday evening surge for its credit default swaps.Story Published at: March 24, 2023 at 02:36PM
Deutsche Bank shares slide 9% after sudden spike in the cost of insuring against its default
Deutsche Bank shares fell 9% in early trade on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe’s banks persisted.Story Published at: March 24, 2023 at 09:27AM
TikTok wants to distance itself from China — but Beijing is getting involved
China said that it would “strongly oppose” a forced sale of TikTok from its parent ByteDance, as the app faced intense scrutiny and a potential ban in U.S.Story Published at: March 24, 2023 at 07:44AM
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing Credit Suisse to the brink.Story Published at: March 24, 2023 at 06:10AM
A ‘greenwashing’ crackdown in Europe hasn’t gone down well. Here’s what you need to know
The EU says it is hoping to provide more clarity to consumers so that when a product is sold as green, they can trust that it is environmentally friendly. Story Published at: March 24, 2023 at 06:13AM
China is a ‘relative safe haven’ in the face of global banking stress, Citi economists say
The turmoil in the banking sector seen in the U.S. and Europe has highlighted China as a “relative safe haven” this year, Citi said in a note.Story Published at: March 24, 2023 at 05:24AM