Financial institutions took about $300 billion in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis.
Senators relaunch bill seeking to force Supreme Court to televise sessions
The Supreme Court has resisted calls to televise sessions. A senator cited recent rulings on abortion and gun control in pushing for more transparency.
Astra outlines its plan to avoid Nasdaq delisting, including possible reverse stock split
Astra is seeking a 180-day extension to Nasdaq’s deadline for the company’s stock to return above $1 a share.
One year after the first rate hike, the Fed stands at policy crossroads
The Fed in some ways is both closer and further away from its goals when it first started raising rates.
The investor who famously shorted Silicon Valley Bank in January on what’s to come in the crisis
Short seller William Martin of Raging Capital believes the crisis should be fairly contained as most of the institutions are not as exposed to the interest rate risk as SVB.
The rock-solid balance sheets of Big Tech firms like Meta make them a safe investment in a volatile market
Financial markets have been roiled over the past week by the collapse of Silicon Valley Bank, triggering renewed worries a U.S. recession is on the horizon.
Accounts to buy bonds from the government jumped fivefold as yields boomed
Safety was a key theme for investors in 2022 as they opened more than 3 million accounts at TreasuryDirect.gov.
FDA advisors recommend full approval of Pfizer Covid treatment Paxlovid for adults 50 and over and other high-risk people
Paxlovid is recommended for people over 50 or those with medical conditions such as high blood pressure or diabetes that place them at a greater risk of Covid.
Savers find a silver lining during banks’ tumult — Rates on CDs are going up, Morgan Stanley says
Banks are competing against Treasurys and money market funds for savers’ dollars.
Bitcoin nears $25,000, and new FTX management says the firm moved billions to SBF: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Andrew Thurman, head of content at the blockchain analytics firm Nansen, breaks down the impact of the recent bank shutdowns.