Stocks hold up in tumultuous market
The Financial Exchange Show - Podcast autorstwa The Financial Exchange Network
Kategorie:
Chuck Zodda and Mike Armstrong wonder what Jerome Powell will say at the next Fed meeting. UBS "agrees" to buy Credit Suisse for more than $3B. Deal is part of effort to prevent further erosion of banking system. S&P 500 and Nasdaq finished higher last week despite losses in bank shares. Amazon announces 9,000 new layoffs in cost-cutting effort. Before SVB collapsed, the Fed spotted big problems, but didn't do anything. Why are smaller banks are crucial for the economy?
