Chaos in the US banking system is actually a good thing for stocks because investors are pricing in Fed cash injections into the economy, Unlimited Funds' Bob Elliott said.
Bitcoin has emerged as the clear winner from the banking crisis, surging nearly 40% since SVB's collapse. Here's why the top cryptocurrency is shining amid financial market stress.
US President Joe Biden sought to reassure investors on Friday, saying banks are "in pretty good shape" after recent turmoil in the financial sector that dragged down stocks.
During the meeting, the Union Finance Minister said that the PSBs must “look at business models closely to identify stress points, including concentration risks and adverse exposures”.