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Is Charles Schwab in Trouble? Bank Failures – Bank Bailouts

As bank failures mount due to a Silicon Valley Bank contagion inspired bank run, worries are spreading about a Charles Schwab bank collapse. Is Charles Schwab in trouble? After the Silicon Valley Bank crash and Signature Bank collapse, bank stocks sold off despite bank bailouts being announced Sunday night, including both the SVB bank bailout […]

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Powell Testimony Today – “We Have to Bring Inflation Down”

Federal Reserve Chairman Jerome Powell testified to the US Senate on Tuesday. During the Senate Budget Committee’s Powell Testimony today, Powell acknowledged that the USA would have to enter a recession in order to get inflation down. Powell reiterated that his number one job is getting inflation down, even if means the unemployment rate doubles

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