The sharp selloff in regional banks sparked by the March failure of Silicon Valley Bank resumed Tuesday, catching Wall Street analysts and investors off guard.
Stocks could be in for big gains ahead if this is the Fed’s last rate hike, history shows
Wall Street could see a bright year if the central bank decides to pause rate hikes on Wednesday, as the S&P typically soars following an end to tightening.
A.I. enthusiasm is responsible for the bulk of the stock market’s gain this year
Artificial intelligence tailwinds have made a hefty contribution to the S&P 500’s 7.3% gain this year.
A looming El Niño could prompt a spike in global temperatures, UN agency warns
The United Nations agency said it cannot yet forecast the strength or duration of the El Niño later this year.
Jenny Craig tells employees it will shut its doors
Employees received an email from the company last night indicating their jobs would be terminated by the end of the week or sooner for some.
New grads are already worried about being overworked in their first jobs out of college
The top concern soon-to-be-grads have about entering the current job market has nothing to do with money.
Former top execs of SVB and Signature Bank will testify at Senate hearing this month
The hearing will mark the first time the ex-SVB and Signature officials speak in public about the bank failures that regulators feared could set off a crisis.
‘Self-fulfilling prophecy is a risk’ in regional bank crisis, Evercore ISI says
The latest slide for bank stocks has come about even though First Republic looked like the last one to see massive deposit outflows in the first quarter.
The 10 fastest-growing jobs over the next 5 years—some pay over $100,000
The rise of generative AI and other smart technologies as well as the drive to “go green” will cause some jobs to soar in demand and others to shrink.
FTC Chair Lina Khan says she’s on alert for abusive A.I. use
Khan compared the current AI inflection point to the era in tech when Facebook and Google came to change communications, but with substantial privacy risks.