Regional Bank Stocks Rebound as Jobs Report Beats Forecasts
A government jobs report has provided some positive economic news amid the banking crisis, causing regional bank stocks to rebound sharply.
Economy
Federal Reserve Hikes Interest Rates to Highest Levels since 2008 Crash
The U.S. Federal Reserve has just announced fresh hikes to take interest rates to the highest levels seen since the eve of the 2008 financial crash.
Ex-Fed President Kaplan Warns Banking Crisis Is ‘More Serious’ Than Public Knows
Former Federal Reserve Bank of Dallas President Robert Kaplan has warned that the mounting banking crisis is “more serious” than the American public realizes.
Pfizer Reports Massive Drop in Revenue as Covid Vaccine Sales Crash
Pharmaceutical giant Pfizer has just revealed that its revenue dropped dramatically in the first quarter of 2023.
JPMorgan Buys First Republic Bank after Regulators Seize Control
JPMorgan Chase is buying First Republic Bank after the beleaguered institution was seized by the Federal Deposit Insurance Corporation (FDIC).
First Republic Bank Collapses as Regulators Take Control
First Republic Bank has collapsed, marking the third significant implosion in under two months.
Wall St Experts Issue Warning after Biden’s Economic Gaslighting: ‘Economy Is Unwell’
Wall Street experts have issued a grim warning after Democrat President Joe Biden attempted to gaslight the American people over the gloomy economic outlook.
One of America’s Largest Banks Is on Verge of Collapsing
First Republic Bank has seen its share prices plunge to new lows this week, taking the institution to the verge of collapsing.
US Regulators Warn AI Firms to Comply with Laws, Say They Already Have Power to Crack Down on Misuse
U.S. federal government regulators have issued a warning to artificial intelligence (AI) companies about potential misuse of the rapidly advancing technology.
BRICS De-Dollarization Push Gathers Momentum
The push for de-dollarization led by the BRICS group is continuing to gather momentum as Indonesia moves to shift away from the U.S. dollar for trade and financial transactions.