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Bank stocks fell Monday on worries abou
stanley cup t what may be next to topple following thesecond- and third-largest bank failuresin U.S. history. But much of the rest of the market rose on hopes the bloodletting will force the Federal Reserve to take it easier on its economy-rattling hikes to interest rates.The SP 500 dipped 6 points, or 0.2%, after whipsaw trading, where it careened from an early loss of 1.4% to a midday gain of nearly that much. The Dow Jones Industrial Average fell 90 points, or 0.3%, while the Nasdaq composite rose 0.4%.Fallout from Silicon Valley Bank collapse ripples across the industryFirst Republic Bank shares plummet as banking fears spreadThe sharpest drops were again coming from banks and other financial companies. Investors are worried
stanley cup that a relentless rise in interest rates meant to get inflation under control are approaching a tipping point and may be cracking the banking system. The broader market was holding up better as expectations built that the all the chaos means the Fed would have to take it easier on its economy-rattling hikes to interest rates. President Biden hints at new banking regulation after Silicon Valley Bank collapse 07:09
stanley cup Government responseThe U.S. government announced a plan late Sunday meant to shore up the ba Kjvm How to use AirTags and other tracking devices to find lost luggage
EL CAJON,Calif. -- Angry protests flared for the third straight night Thursday after afamily attorney charged that an unarmed black man was unjustly killed by ElCajon police, and that officials were trying to sway public opinion by only releasing a single, favorable frame fromvideo of the shooting.Demonstrators contend that the officer wasunduly quick to open fire and that the decision was at least in part raciallymotivated, notes CBS San Diego affiliate KFMB-TV. These senseless killings have to stop -- notjust in El Cajon but in the entire country,rsquo;rsquo; community activist Estela De L
airmax osRios remarked to the station.CBS News 8 - San Diego, CA News Station - KFMB Channel 8Earlier in theday, Alfred Olangorsquo family gathered with lawyers and religious leaders and urged people to continue demonstrating butimplored them to do it peacefully to honor his memory. Olangorsquo anguishedmother said her son was a good, joyful man who suffered a mentalbreakdown over the recent death of his best friend and needed compassionwhen police encou
adidas samba ntered him. PamelaBenge said her family had escaped strife-torn Uganda to come to the U.S. forsafety and she asked why police didnrsquo;t just shock her son with a stun gun orshoot him in the leg.ld
nike dunk quo;He neededsomeone who was going to calm him down and then take care of thesituation, she said, her voice thick with emotion and dark glassescovering her eyes. Not to
