Stock market optimism rises as banking crisis fears ease.

1 min read
Source: CNBC
Stock market optimism rises as banking crisis fears ease.
Photo: CNBC
TL;DR Summary

The stock market is in a transitional period, with rising Treasury yields potentially indicating an upcoming recession. The Federal Reserve's vice chair of supervision revealed that Silicon Valley Bank's collapse could have been worse, with nearly all of the bank's deposits at risk. Fallen crypto king Sam Bankman-Fried faces another charge of bribery in his upcoming trial. JPMorgan Chase CEO Jamie Dimon will sit for a deposition in lawsuits regarding Jeffrey Epstein. Senator Bernie Sanders and former Starbucks CEO Howard Schultz will face off in a Senate hearing on labor practices.

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