The Latest Breaking News from US Federal Reserve

Investors are concerned that a relentless rise in interest rates meant to curb inflation are approaching a tipping point and may be cracking the banking system

For decades, the dominant mantra of Silicon Valley's powerful has been that government is just a drag on their innovative spirit. Get regulators off our backs, they've argued, and we'll improve people's lives to an indescribable degree.

The housing market is on the fritz – again.

Bill Ackman calls on the federal government to step in to solve the failed bank as Elon Musk is open to buying the bank

Despite the Fed’s hawkish stance, the long-term prospects of the software industry look bright, thanks to rapid digitalization and growing dependency on cloud-based solutions. Therefore, to capitalize on the industry’s tailwinds, it could be wise to scoop up the shares of fundamentally strong software stocks Oracle (ORCL), GoDaddy (GDDY), and…

In the US, the Federal Reserve has stepped in to guarantee deposits. The tech sector should realise it can’t go it alone, says James Ball, of The Bureau of Investigative Journalism

Biden's comments about SVB added to scrutiny of a 2018 law that eased banking requirements, but it's not clear that's what cause the failure

Despite the Fed’s continued interest rate hikes, job growth remains robust. As market uncertainties and risks obscure hopes and optimism, it could be wise to invest in fundamentally sound stocks, Salesforce (CRM), Progress Software (PRGS), Photronics (PLAB), and Forrester Research (FORR), for the long term. Continue reading….

The economist also said that the Fed will likely now “retreat” on interest rate hikes.