Wednesday, May 3, 2023
Evening
- PacWest falls more than 50% after hours on report bank is weighing sale
- Stocks Drop as Powell Signals No Fed Cuts For Now: Markets Wrap
- Wall Street ends down on nagging uncertainty about Fed rate path
- Fed Can’t Protect US Economy From Debt Default, Powell Says
- Regional banks a focus for investors as Fed raises rates again
- The market is looking for the next ‘domino’ to fall, keeping banks under pressure
- Home prices rose more than previously thought in the first three months of 2023
- Ukraine Latest: Zelenskiy Denies Russian Claim of Kremlin Attack
- Federal Reserve implements quarter-point rate rise and signals potential pause
- Russia and Ukraine step up air strikes ahead of expected counter-offensive
Afternoon
- Stocks slide after Fed announces 0.25% rate hike: Stock market news today
- Stocks Fluctuate as Traders Weigh Powell’s Remarks: Markets Wrap
- Oil Plunges Below $69 as Pledged OPEC+ Cuts Fail to Dent Supply
- Fed increases rates a quarter point and signals a potential end to hikes
- Federal Reserve pushes interest rates above 5% for first time since 2007
- Fed expected to raise key interest rate amid banking turmoil
- US Service Industry Expands at a Modest Pace as Activity Cools
- Busted Banks Wipe Out $54 Billion of Stocks, Bonds During Turmoil
- How a US debt crisis standoff could cause a recession - a bad one
- Treasury Flags Bigger Sales as Soon as August, Buybacks in 2024
- Column: Quadruple whammy whips June Fed rate hike off the table
- Russia says Ukraine tried to kill Putin with night-time drone attack on Kremlin
- Big Hedge Funds Face New 72-Hour Deadline to Report Losses
- Icahn's investment firm sinks further, down 40% since Hindenburg attack
- Texas Power Demand Seen Shattering Summer Record in Test to Grid
- Argentina Reserves Slump to 7-Year Low as Crisis Deepens: Chart
- US Turns to Familiar Name to Clean Up $114 Billion Banking Mess: BlackRock
General
- Stocks climb out of the red as traders wait on the Fed
- US Regional Banks Slump as Rout Deepens on First Republic Flop
- Oil Sinks Below $70, US Regional Bank Rout Deepens: Markets Wrap
- Economic risks buoy gold above $2,000 as Fed verdict nears
- Private payrolls surged by 296,000 in April, much higher than expected, ADP says
- Mortgage demand drops as bank failures hit jumbo loan rates
- Rising turmoil is making Fed’s rate decisions more perilous
- Fed likely to hike rates, hint at pause in tightening cycle
- PNC promises up to $15 bln in short-term debt to provide additional liquidity
- Bank Pain Is Just Getting Started, Ex-Fed President Kaplan Says
- Top US CEO pay rose 7.7% last year, outpacing inflation, study finds
- China Isn’t Going to Save the World This Time, Macquarie Says
- Copper Mine Flashes Warning of ‘Huge Crisis’ for World Supply
- Ukraine Grain Deal Talks Set as Russia Threatens to Exit Pact
- Iran seizes second oil tanker in a week in Gulf -U.S. Navy
- China, Russia Fall Further Down World Press Freedom Index
- What to Watch at the Fed’s May Meeting
- Federal Reserve poised to implement another quarter-point rate rise
- Three failed US banks had one thing in common: KPMG
- Washington signals support for South Korean chipmakers in US battle with China
- US investor interest in China cools as political tensions grow