Tech Stocks Slide as Investors Turn Attention Back to Rates

U.S. stock indexes declined while bond yields rose and investors assessed whether the turmoil that had gripped parts of the global banking sector was abating. 


 
Lawmakers Scold Fed Over Silicon Valley Bank Collapse

Senators rebuked the Federal Reserve for failing to prevent the collapse of Silicon Valley Bank despite identifying risks beforehand, while the central bank's top regulator blamed the firm's executives for not fixing its problems. 


 
Binance Sees $2 Billion in Outflows as Troubles Compound

In a tumultuous few days, the crypto giant raised fees, suffered software issues and faced a regulator lawsuit. 


 
U.S. Audit Watchdog Proposes Move to Get Inspections Started Faster

The PCAOB proposed slashing the period auditors have to assemble final documents on audits to 14 days from 45. That might get material information into investors' hands faster, the group said. 


 
Companies Urged to Take Stock of Their Impact on Nature and Related Risks

A U.N.-funded task force aims to help businesses report and act on a variety of issues, including deforestation and overfarming. 


 
SVB, Signature Depositors Won't Lose Their Money. What Happens if Another Bank Fails?

Regulators' intervention to help depositors at two failed banks has prompted questions about what would happen if another bank collapsed. 


 
Jamie Dimon to Face Questioning in Lawsuit Over JPMorgan's Epstein Ties

The bank had resisted the U.S. Virgin Islands' efforts to force the CEO to submit to a deposition. 


 
Higher Rates Are Coming for U.S. Companies

The burden of interest rates on most companies is still exceedingly low. But over the next year, that will start to change. 


 
Consumer confidence rises on hope of better U.S. economy. Inflation still a big worry

A survey of U.S. consumer confidence rebounded slightly in March, reflecting ongoing strength in the labor market and more hope about the future of the economy. 


 
Higher inventories offset slight rise in trade deficit in goods and could boost U.S. GDP

The U.S. trade deficit in goods rose less than 1% in February while inventories rebounded, potentially adding strength to gross domestic product in the first quarter.


(END) Dow Jones Newswires

03-28-23 2115ET