CNBC Daily Open: Janet Yellen changed the mood — again
Publishing timestamp: 2023-03-24 02:26:34
Summary
US Treasury Secretary Janet Yellen stated that the federal government is prepared to take emergency actions to back up regional banks, which reassured investors and led to marginal gains in major indexes. However, concerns about banking turmoil and other potential risks to the economy remain. Meanwhile, TikTok CEO Shou Zi Chew faced questioning from US lawmakers about data sharing with the Chinese Communist Party, and short seller Hindenburg Research targeted Jack Dorsey's Block for alleged fraud and regulatory non-compliance. Bitcoin's price has skyrocketed to levels not seen since June, and analysts believe it reflects market expectations for interest rates.
Sentiment: MIXED
Keywords: japan, janet yellen, united states, markets, banks, world markets, short selling, jack dorsey, bitcoin, business news, technology, block inc, signature bank,
Source: https://www.cnbc.com/2023/03/24/stock-markets-janet-yellen-changed-the-mood-again.html