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CNBC’s Jim Cramer on Thursday said the Federal Reserve no longer needs action to tame inflation — and it’s because of the banking crisis. Cramer… Read More »Jim Cramer says the banking crisis is fighting inflation for Powell and the Fed

U.S. Treasury Secretary Janet Yellen sits to testify before a Senate Finance Committee hearing on U.S. President Joe Biden’s proposed budget request for fiscal year… Read More »China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says

Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its… Read More »Virgin Orbit pauses operations for a week, furloughs nearly entire staff as it seeks funding

Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images… Read More »Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results

Liu Guanguan | China News Service | Getty Images In a harsh blow to an already-reeling sector, Moody’s Investors Service cut its view on the… Read More »Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’

Famed investor Carl Icahn believes the U.S. economy is in trouble because of poor corporate leadership and stubbornly high inflation. “The system is breaking down, and… Read More »Carl Icahn says our economy is breaking because of inflation and poor corporate leadership

Shoppers look at items displayed at a grocery store in Washington, D.C., on Feb. 15, 2023. Stefani Reynolds | AFP | Getty Images Consumer inflation… Read More »Consumer inflation may have cooled in February but only slightly

Financial stocks under pressure The declines came despite Sunday’s news that the Federal Reserve created a new Bank Term Funding Program that will offer loans… Read More »First Republic drops 60%, leads decline in bank stocks despite government’s backstop of SVB

A man walks by the headquarters of Silicon Valley Bank on March 10, 2023 in Santa Clara, California. Liu Guanguan | Getty Images Banking regulators… Read More »U.S. government steps in and says people with funds deposited at SVB will be able to access their money

A man entering Signature Bank in New York City on March 12, 2023. Reuters U.S. regulators on Sunday shut down New York-based Signature Bank in… Read More »Regulators close New York’s Signature Bank, citing systemic risk