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Joe Rennison
Posts
Hedge Funds That Bet on Credit Suisse Rescue Face Uneven Results
Among the funds to bet on the rescue deal were two that specialize in buying the bonds of companies on the brink of bankruptcy.
Stocks on Wall Street Rally, Even as Worry About Regional Banks Continues
The S&P 500 climbed by midday, but shares of First Republic Bank and other regional lenders continued to slide.
Wall Street rises on relief over banks and inflation.
A rebound in bank stocks provided a pause in the market panic over the health of the financial system.
Regional Bank Stocks Rebound as Panic Appears to Pause
Banking stocks that were hammered in the wake of the collapse of two midsize banks recovered on Tuesday as investor fears seemed to ease.
Stocks Wobble as Smaller Banks Plunge on Fears of Contagion
The volatile conditions led to trading in a dozen banks being halted after triggering so-called circuit breakers, established in part to prevent runaway crashes.
A Bank Run Jolts Markets as Investors Await the Jobs Report
Concerns about a California bank come at a time when investors have been flipping between worrying about the economy and seeing an end to the…
Stocks Sink for Third Straight Week
A turn in the market has eroded the sharp rally at the start of the year, as investors have fretted about recent signals suggesting a…
Stock Market’s Newfound Optimism Faces Test as Fed Meets
Recent stock gains have been driven by hope that a rate-raising cycle is close to ending. If investors decide they were wrong about this, a…
Investors Look to Corporate Reports With Low Expectations
As companies prepare to publish their latest financial results, Wall Street forecasters expect profits to fall for the first time since the early days of…
Markets Rise as Investors Like the Look of Hiring and Wage Trends
Traders are betting that a slowdown in job growth and wage gains could reduce the pressure on prices and make the Federal Reserve less aggressive…