By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed higher on Friday, marking the end of a tumultuous week as Federal Reserve officials calmed investor fears over a potential liquidity crisi[...]
Read more
March 24, 2023
Strength in megacap stocks masks broader U.S. market woes
By Lewis Krauskopf NEW YORK (Reuters) – Investors are relying on an old strategy to navigate the current tumult in asset prices: buying shares of the massive U.S. companies that led markets high[...]
Read more
Small U.S. banks see record drop in deposits after SVB collapse
(Reuters) -Deposits at small U.S. banks dropped by a record amount following the collapse of Silicon Valley Bank on March 10, data released on Friday by the Federal Reserve showed. Deposits at small b[...]
Read more
US Justice Dept’s Google advertising case gets fast-paced schedule
By Mike Scarcella (Reuters) – A federal judge on Friday set a fast-paced schedule in the U.S. Justice Department’s antitrust lawsuit challenging Google LLC’s digital advertising tech[...]
Read more
Biden says US to likely invest billions in semiconductor packaging in Canada
OTTAWA (Reuters) – The United States will probably be investing billions of dollars in packaging semiconductors in Canada, U.S. President Joe Biden said on Friday during a news conference with C[...]
Read more
World stocks gyrate as bank contagion fears bite
By Koh Gui Qing NEW YORK (Reuters) -Global stock markets swooned on Friday as fears about contagion among banks hobbled shares of lenders such as Deutsche Bank, with the flight from risk shoring up th[...]
Read more
In victory for labor unions, Michigan governor repeals ‘right-to-work’ law
By Dan Whitcomb (Reuters) – Michigan Governor Gretchen Whitmer on Friday signed a package of bills repealing the state’s so-called “right to work” law that allowed workers to o[...]
Read more
SF Fed bank’s Daly not responsible for SVB failure -former SF Fed chair
By Ann Saphir (Reuters) -Responsibility for the Federal Reserve’s oversight of large financial institutions like the failed Silicon Valley Bank rests with staff in Washington and not with any re[...]
Read more
U.S. regulators say banking system ‘sound and resilient’
By David Lawder WASHINGTON (Reuters) -The multi-regulator U.S. Financial Stability Oversight Council agreed on Friday that the U.S. banking system remains “sound and resilient” despite str[...]
Read more