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The Latest Breaking News from US Federal Reserve

Stocks Move Higher Before the Open as Investors Weigh Economic Outlook, U.S. JOLTs Report in Focus

June S&P 500 futures (ESM23) are up +0.15%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.29% this morning after three major U.S. benchmark indices finished the regular session mixed as weaker-than-expected U.S. factory activity data tempered inflation concerns caused by OPEC+’s surprise plan to cut oil production.

Barchart

Balancing act: Why central banks are cautious after bank crisis

Central banks are seen treading carefully following the sudden collapses of Silicon Valley Bank and Credit Suisse.

Al Jazeera

Reserve Bank flags 'further tightening' to tame inflation after leaving interest rates on hold at 3.6pc, ASX closes higher

The Reserve Bank has left interest rates on hold at 3.6 per cent, but says some further tightening of monetary policy may be needed, while the Australian share market hit a fresh three-week high.

ABC News

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Bank failures likely to ‘exacerbate the existing liquidity crunch’ within the commercial real estate market

Experts in the commercial real estate space didn't mince words when speaking with Fortune: Buckle up, they say, for more CRE defaults.

Fortune

Bitcoin's best quarter in 2 years beats all major indexes in Q1

The cryptocurrency jumped more than 70% in the first three months of the year.

Fortune

4 Stocks to AVOID Right Now

It could be potentially stormy this earnings season, given a tense economic backdrop due to the high inflation, rate hikes, and the banking crisis. So, it could be wise to avoid fundamentally weak stocks DLocal (DLO), Kura Sushi (KRUS), Kirkland (KIRK), and Freeline Therapeutics (FRLN), which are gearing up to…

StockNews.com

1 'Buy Now' Stock to Watch, and 2 to Get Rid Of

The Fed’s continued rate hikes and the recent turmoil in the banking system have renewed recession fears lately. Despite growing recessionary pressures, investors shouldn’t shy away from adding fundamentally sound stock Science Applications (SAIC) to their watchlist. On the contrary, eliminating struggling stocks OncoCyte (OCX) and Flora Growth (FLGC) could…

StockNews.com

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Stocks Set to Open Mostly Lower as Inflation Worries Return after OPEC+ Surprise

June S&P 500 futures (ESM23) are down -0.10%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.61% this morning after three major U.S. benchmark indices rallied on Friday as signs of cooling inflation bolstered hopes that the Fed may be close to ending its rate-hiking cycle.

Barchart

Credit card debt is rising rapidly. Here's how to manage it

Have you felt increasingly overwhelmed by the growing numbers on your monthly credit card bills? Switching to your debit card and paying the minimum payment may not be enough to quickly eliminate the debt.

The Philadelphia Inquirer

Are the banks really in trouble?

'Let’s remember the USA isn’t Europe. They have a two-tier banking system and SVB is just a regional bank.'

Birmingham Post

Oil prices soar on producer output cuts; Asian shares mixed

Oil prices have soared more than 5% after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year

The Independent UK

Rebalance your portfolio

Investors have been keeping an eye on assets offering a decent return this year amid global market volatility and an economic slowdown.

Bangkok Post

Jobs, PMI and Other Key Things to Watch this Week

This upcoming week has plenty of things to look forward to though as we enter the busy part of the monthly News cycle. More inflation data is due, as well as many of the March monthly numbers such as Non-farm payrolls and JOLTS, and ADP.

Barchart

When Will the Stock Market Balloon Pop Again?

There is a time honored theory that the stock market (SPY) is quite like a helium balloon. Discover what that means for what stocks are doing now and in the months ahead. Read on below for the full story….

StockNews.com

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Los Angeles Times

Michael Hiltzik: How Trump's frenzy of deregulation killed Silicon Valley Bank

Late in 2018, two Trump-appointed banking regulators, Federal Reserve Vice Chair Randal Quarles and FDIC Chair Jelena McWilliams, went on a nationwide tour to meet with regional bank examiners.

Barchart

Stocks Add to this Week’s Rally on Friendly Inflation News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.44%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.68%. Stock indexes Friday added to this week’s gains, with...

Kiplinger

Stock Market Today: Inflation Data Fuels End-of-Quarter Pop in Stocks

A solid showing for tech and communication services stocks pushed the Nasdaq to its best quarter since 2020.

Barchart

Dollar Gains on Month and Quarter-End Buying

The dollar index (DXY00 ) on Friday rose by +0.38%. The dollar Friday rose moderately on some month-end and quarter-end buying. However, dollar gains were limited after Friday’s economic news showed U.S. price pressures receding after the Feb core PCE deflator rose less than expected, which is dovish for Fed...

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Fortune

Harvard economist Jason Furman says the Fed shouldn’t flinch in its inflation fight—unless the ‘turmoil spreads within the financial system’

We haven’t learned anything “particularly reassuring in the last three and a half weeks” about inflation even amid the banking crisis, Furman told CNBC.

Barchart

Tighter Global Oil Supplies and Chinese Economic Strength Boosts Crude Prices

May WTI crude oil (CLK23 ) on Friday closed up +1.30 (+1.75%), and May RBOB gasoline (RBJ23 ) closed up +4.32 (+1.64%). Crude oil and gasoline prices Friday posted moderate gains, with crude climbing to a 2-1/2 week high. Tighter global crude supplies are underpinning prices as 400,000 bpd of...

StockNews.com

FedEx or UPS: Which Stock Delivers the Best Results?

Macroeconomic challenges have put pressure on the volumes of logistics companies, leading to a decline in the revenue and earnings for United Parcel Service (UPS) and FedEx (FDX). However, as volumes start improving, which of these two stocks is the better buy now? Let’s find out….

Miami Herald

The Week Ahead: What difference will a month with two bank failures make for jobs?

Thirty days ago, few Americans knew what Silicon Valley Bank was or worried about their own bank accounts. Thirty days ago, the Federal Reserve had one fight on its hands: inflation. Thirty days ago, investors were buoyed by decent economic data — but not too strong — supporting confidence the…

Fortune

‘Dr. Doom’ Nouriel Roubini warns economic ‘trilemma’ is making a financial crash inevitable

Troubled regional lenders will starve indebted businesses and households of credit, trigger a hard landing and turn a liquidity crisis into a balance sheet crisis, warns the noted economist.

Barchart

Crude Prices Gain on Strength in China's Economy and Reduced Iraqi Exports

May WTI crude oil (CLK23 ) this morning is up +0.79 (+1.06%), and May RBOB gasoline (RBJ23 ) is up +3.74 (+1.42%). May Nymex natural gas (NGK23 ) is up +0.100 (+4.75%). Crude oil and gasoline prices this morning are moderately higher. Crude prices have support on reduced global oil...

Axios

Why banks hate the Fed's repo facility

A market lifeline in times of turmoil is making banks angry, as they see it as a major factor in their loss of deposits.

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