News Updates

News Updates

US involvement in Ukraine emerging as key issue in 2024 election

Continued funding for Ukraine’s defense against the Russian invasion is shaping up to be a key issue ahead of the 2024 presidential election. While Democrats have remained steadfast in their support of continued aid for Kyiv, Republicans are increasingly divided over the role Washington should play in the ongoing conflict.

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U.S. Federal Reserve to review its oversight of Silicon Valley Bank

Fallout continues from the run on and collapse of Silicon Valley Bank. The Federal Reserve is launching an internal review of its supervision and regulation of the bank. Fed Chair Jerome Powell said the bank’s failure demands a “thorough, transparent, and swift review.” Fed Vice Chairman for Supervision Michael Barr

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Bitcoin rises to highest level since June 2022

Top cryptocurrency bitcoin hit a nine-month high of $26,533 on Tuesday, in its fourth consecutive day of gains, as it appeared to benefit from chaos in global markets following last week’s collapse of Silicon Valley Bank. Bitcoin rose to $26,533, up around 10% on the day at its highest since

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No bailout for SVB, but government will back deposits

U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank (SVB) and protect depositors, but a major bailout was not being considered. Yellen told the CBS News “Face the Nation” show that she had been working with regulators to

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Changing your plan may require you to select new sectors for certain stocks

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