Stocks

A study from the Social Science Research Network (SSRN) revealed that 186 banks could collapse if half of their uninsured depositors withdraw their funds.

U.S. stocks plummeted Wednesday morning after bank concerns reached European markets, while investors are warning that the banking situation could worsen after the closures of Silicon Valley Bank and Signature Bank over the weekend.

CNBC analyst Jim Cramer is once again being pilloried on social media after a clip resurfaced showing the “Mad Money” host recommending viewers buy shares of Silicon Valley Bank’s parent company, which owns the tech-driven commercial lender that swiftly collapsed on Friday.

Exchanges halted trading for several bank stocks due to volatility following the failure of Silicon Valley Bank and Signature Bank.

Taxes aimed at corporations could get passed on to consumers.

Rescue crews saved a 10-day-old baby and his mother trapped in the ruins of a building in Turkey on Friday and dug several people out from other sites as President Tayyip Erdogan said authorities should have reacted faster to this week's huge earthquake.

$400 million package also includes eight M88 recovery vehicles.

The bill is titled "Wealth Tax: False Claims Act."

Chairman of the Joint Chiefs of Staff Gen. Mark Milley acknowledged on Friday that it would be difficult for Ukrainian forces to “eject” Russian forces from all of Ukraine this year.

Sheriffs in 80 Illinois counties shared the sentiment.