banking crisis

Read the latest news on U.S. stocks, banking-sector stability, economy, consumer sentiment, Credit Suisse, UBS, and Federal Reserve meeting.

U.S. stocks closed mostly lower amid contagion risk concerns, despite efforts to protect the banking system. Interest rates and inflation outlook were reassessed after the collapse of Silicon Valley Bank and Signature Bank. Gold prices rose as the dollar index declined. Asia-Pacific markets tumbled on Tuesday due to concerns over failed banks in the U.S. Nifty fell for the third consecutive session.

Federal Reserve officials will receive key employment and wage data on Friday, providing insight into the US job market and potential impact on inflation.

Despite mixed Asian markets, Indian markets are poised to open higher following a positive US market trend on Friday.

In the wake of the Silicon Valley Bank collapse, Union Minister Rajeev Chandrasekhar assures support to startups and investors facing difficulties in recovering their deposits and transferring funds. The article discusses potential solutions suggested by the minister and the startup community.

Read about the fourth consecutive day of decline for Indian equity indices due to investor fears over the SVB collapse and nervousness ahead of US inflation data, along with updates on global markets, oil prices, and the rupee.