“I now believe it would be reckless if Powell goes much beyond 5%,” Cramer said.
Warren unveils bill to repeal Trump-era bank deregulation she says led to SVB, Signature collapses
The bill would lower the asset threshold for banks to qualify for added oversight, which was raised to $250 billion in a 2018 Republican deregulation bill.
‘Fast Money’ trader Tim Seymour sees potential in Home Depot, despite weakness in the shares
Home Depot is down for the year. Tim Seymour, chief investment officer of Seymour Asset Management, sees some resilience in the name.
Dow closes more than 250 points lower Wednesday as bank crisis spreads to Europe: Live updates
The Dow Jones Industrial Average fell Wednesday as concern over a banking crisis spreading to Europe pressured the broader market.
Chuck Schumer gives campaign donations from Silicon Valley Bank’s ex-CEO, PAC to charity
The Senate Majority Leader Schumer received campaign donations from both the CEO and political action committee of shuttered Silicon Valley Bank.
FDA authorizes Pfizer’s Covid omicron booster as fourth shot for kids under 5
The FDA authorized Pfizer’s omicron booster shot for kids younger than five who were previously vaccinated with three doses of the company’s original shot.
Cathay’s CEO wants to turn the airline back to profitability, but faces manpower constraints
Cathay Pacific hopes to be profitable again in 2023, but returning to its pre-pandemic capacity is going to be a challenge, its CEO told CNBC.
Oakmark’s Bill Nygren sees an opportunity in bank stocks amid sector turmoil
The portfolio manager said “the consistent message we hear is that customers are behaving as they normally would. It’s business as usual.”
Ex-fugitive in $100 million New Jersey deli case leaves Thailand for U.S. court hearing
Three men are charged with alleged stock manipulation of Hometown International, which owned just a money-losing New Jersey deli.
Stocks making the biggest moves after hours: Lennar, First Republic, Western Alliance and more
See which stocks are posting big moves after the bell.