U.S. markets ended the week in the red as investors are figuring out how the Federal Reserve will act on interest rates moving forward. Cheddar News speaks with Steve Sosnick, chief strategist at Interactive Brokers, who breaks down the markets' action.
Share:
More In Business
Fed Lent $300B in Emergency Funds to Banks in the Past Week
Cash-short banks have borrowed about $300 billion from the Federal Reserve in the past week, the central bank announced Thursday.
Booming Bottled Water Sales Are Bad for the Planet, Says UN Report
The global bottled water industry is booming, and it's coming at a steep environmental cost, according to the United Nations University Institute for Water, Environment and Health.
Sanofi Joins Other Drugmakers in Slashing Price of Insulin
Sanofi has announced that it will lower the list price of its insulin drug, Lantus, by 78 percent and will set a $35 cap on out-of-pocket costs for all patients.
Big Banks Create $30B Rescue Package for First Republic
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.
Morning Alexa Flash Briefings of March 17th
Morning Alexa Flash Briefings
Mobile Sports Bets Booming in Some States as Others Shy Away
A total of 33 states and the District of Columbia now allow at least some form of sports wagering, but the prospects are mixed for expanding sports betting to additional states this year.
EZ Newswire Founders Detail Chaos of SVB Collapse as Banking Concerns Spread
Neel Shah and Caitlin Kelly describe how their company EZ Newswire fared following Silicon Valley Bank's stunning collapse as other banks are feared to be in similar precarious states.
FedEx Shares Jump Afterhours After Beating Estimates
FedEx shares surged afterhours after the company reported earnings that beat estimates.
The Day Ahead: Xpeng Earnings and Consumer Sentiment Index
This photo taken on Feb. 24, 2023 shows a XPeng X2 flying car at the headquarters of XPeng Aeroht in Guangzhou, south China's Guangdong Province. Guangzhou, one of China's major car manufacturing bases, has been striving to attract investment in new energy vehicle NEV industry in recent years.
