that JPMorgan chief Jamie Dimon was leading talks among banks to provide more financial aid to stabilize the struggling lender.
Morgan Stanley's top equity strategist, Mike Wilson, said the fallout in the banking sector marks what's likely to be the start of a"vicious" and painful end to the bear market for equities. "This is exactly how bear markets end — an unforeseen catalyst that is obvious in hindsight forces market participants to acknowledge what has been right in front of them the entire time," Wilson wrote in a note to clients.
Federal Reserve officials on Tuesday will gather for the two-day policy meeting. Views are split on if the Fed will deliver another interest rate hike or pause to avoid adding to the pain already being heaped on the financial sector by the ongoing bank crisis.
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Majority of Colorado hospital systems lost money in 2022 as costs surged, stock market tankedColorado hospitals as a whole remained financially healthy through the first two years of the pandemic, but their profit margins were slashed in half in 2022 as costs swelled, pushing the majority of the state’s hospital systems into the red by the fall. No sympathy. Why in the rocky mountain fuck should hospitals turn a profit? Healthcare must be a legal right for every American, and profit shouldn't enter into the equation. Medicare for all is the only civilized solution to this barbarity.
La source: denverpost - 🏆 13. / 72 Lire la suite »
U.S. stock-market futures edge higher after historic deal to rescue Credit SuisseU.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse as... Until the next “rescue.” CS was a mess before this, but they are not the last bank with serious issues Thanks Yellen, keep on pumping that money in….and consolidating the banks on the backs of taxpayers guaranteeing their bad behavior.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »