The Latest Breaking News from US Federal Reserve

The billionaire investor says interest rate hikes are undermining the economy and could lead to more bank turmoil.

“Dodd-Frank is still on the books, but its...as good as dead. What good does it do to have a massive set of regulations...if they aren't enforced?” Adam Levitin, a Georgetown University law professor wrote Thursday.

The Fed’s hawkish stance, coupled with the recent banking-system tumult, will likely keep the stock market under some pressure. Given this backdrop, it would be wise if quality penny stocks Nokia Oyj (NOK), Rimini Street (RMNI), Rave Restaurant Group (RAVE), and Data Storage Corporation (DTST) could be added to your…

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.55%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.53%. U.S. stock indexes this morning are moderately lower on...

First came the spectacularly quick bank failure. Then came the fears of a financial contagion. Now get ready for the congressional hearings.

The recent financial-sector turmoil, the Fed’s hawkish tilt, and growing recession worries paint a gloomy picture for the stock market. Despite the headwinds, investors shouldn’t shy away from buying top-notch growth stocks Salesforce (CRM), AGCO (AGCO), and Cars.com (CARS), with solid fundamentals and the ability to deliver market-beating returns this…

Gold prices have surged at an exceptional pace in the last month and the yellow metal is trading near all-time highs in March 2023. Will gold prices breach record levels in the next 12 months?

The worst banking crisis since 2008 could not stop the Fed from raising the benchmark interest rate. The possibility of further policy tightening and strict lending standards for banks might push the economy into a recession this year. Therefore, investing in large-cap pharma stocks Johnson & Johnson (JNJ), Merck &…

History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them.