Today is Thursday
Alerts and Headlines
Headlines
S&P 500 Wipes Out Almost 2% Rally as Banks Slump: Markets Wrap
Asian stocks projected relative calm Thursday after Treasury Secretary Janet Yellen rattled US bank shares and the Federal Reserve pushed back against bets for interest rate cuts this year.
Moody’s sees a risk that the U.S. banking ‘turmoil’ can’t be contained
Despite quick action by regulators and policy makers, the risk is rising of spillover from the banking system into other sectors and the economy, Moody's said.
Argentina orders public sector to give up dollar bonds in debt shake-up
Argentina ordered public sector bodies on Thursday to sell or exchange their holdings of 11 sovereign dollar bonds in a bid to reorganize its debt as inflation soared above 100% and its foreign reserves dropped.
Stocks rally after Fed signals rate hikes near end
Stocks moved higher Thursday afternoon as a post-Fed rally was bolstered by hopes from investors interest rate hikes will end sooner than expected as banking pressures end the central bank's aggressive fight against inflation.
Stocks Rise as Major Central Banks Follow Fed’s Lead
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