Shares of regional banks in the US fell after downbeat interest income forecasts were released, signaling further declines in net interest income as higher rates continue to take a toll on the banks. Deutsche Bank downgraded three solar stocks as industry demand weakened in the US and Europe, causing solar stocks to tumble to a 3-year low. Federal Reserve Chair Jerome Powell signaled that the Fed will extend its interest-rate pause amid rising long-term bond yields and a slowing economy. Former Treasury Secretary Larry Summers warned that the Fed will have to weigh in on the US government's growing debt and its implications for rates. The Federal Reserve also flagged concerns about persistent inflation, potential losses in the US office market, and funding pressures on some banks. These developments highlight the challenges faced by regional banks and the solar industry, as well as the role of the Federal Reserve in managing the economy.
Federal Reserve warns of growing geopolitical risks to global financial system via @FT @colbyLsmith https://t.co/xLsAVsbMTB
A Federal Reserve report flagged concerns about the risks of persistent inflation, the potential for large losses in the US office market and funding pressures on some banks https://t.co/RE4dn0G2Mi
Former Treasury Secretary Larry Summers said the Fed will at some point have to weigh in on the US government’s growing mountain of debt because of its implications for rates https://t.co/n4EeO8lsfZ
SolarEdge raised the alarm for the rooftop solar industry when it unexpectedly reported that its third-quarter revenue will be well below its previous guidance and warned of slowing installations https://t.co/PnE1m9IYQi
Former Treasury Secretary Larry Summers says the Fed will at some point have to weigh in on the US government’s growing mountain of debt because of its implications for rates https://t.co/7GqQIEV0Lr
Analysts bail on solar stocks after SolarEdge warning of weak earnings https://t.co/PGonc7ueix
Regions Financial slumped as much as 16% after warning it expects further declines in net interest income as higher rates continue to take a toll on the bank https://t.co/liSfleCDYh
Mid-sized US banks' shares slump after downbeat interest income forecasts https://t.co/I3bIQwz0eD https://t.co/nrkA1H7xrK
Regional bank shares slump as lenders warn of more pain from higher interest rates https://t.co/dXCtudUjyh
NEW: 🇺🇸 FED Chair Jerome Powell says interest rates might not change next month, amid rising long-term bond yields slowing economy, acting as a rate hike. 👀 https://t.co/JJl52Dt6YP
〽️ Mid-sized US banks' shares slump after downbeat interest income forecasts Full Story → https://t.co/0PCEvXVgSD -Shares of mid-sized U.S. banks fell on Friday after a string of earnings reports heightened investor concerns that the boost from the Federal Reserve's rate… https://t.co/zSw93Xqzz5 https://t.co/r0qmkpxe3y
Regions Financial slumped as much as 16% after warning it expects further declines in net interest income as higher rates continue to take a toll on the bank https://t.co/MJSZ8iPEgQ
JEROME POWELL SIGNALS FED WILL EXTEND INTEREST-RATE PAUSE (WSJ) Recent economic figures show ‘ongoing progress’ toward goals, U.S. central bank chair says https://t.co/ABRnYFPcl7
Solar stocks tumble to 3-year low as Solaredge drops 25% on demand warning https://t.co/jFl2aKSMfa
🇺🇸 Fed's Bostic: possible Fed could lower rates in late 2024 - Reuters https://t.co/4IpefN5Sbg
Deutsche Bank downgrades three solar stocks as industry demand weakens in the U.S. and Europe https://t.co/L6VeesDhRE
Russian banks' profits drop in Sept as consumer lending slows - central bank https://t.co/ophul7p0zE https://t.co/G4S34R1hau