Forget Big Banks. It pays to be smaller

Banks are in a bind. Rising interest rates should be good news for financial firms because they boost profitability for loans.

News: What you need to know about the markets     Forget Big Banks. It pays to be smaller Banks are in a bind. Rising interest rates should be good news for financial firms because they boost profitability for loans. Read more »   The risk of an accidental recession is rising, Goldman Sachs says Goldman Sachs is urging the Federal Reserve to be patient in its quest to squash inflation. Read more »   Hong Kong stocks plunge 6% as fears about Xi's third term trump China GDP data Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a major political gathering. Read more »   Kraft Heinz CEO: Inflation and supply shortages are here to stay for a while Kraft Heinz CEO Miguel Patricio says higher inflation and supply issues are coursing through the food industry, forcing companies to adopt new strategies for everything from production to promotion to packaging. Read more »   Tesla's stock sinks after cutting prices on cars in China Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world's largest auto market. Read more »   The economy may be in better shape than you think — for now The housing market is rapidly losing steam. Interest rates continue to rise. The stock market remains volatile. And inflation continues to be a major problem for people trying to pay their bills. Read more »

Dow Nasdaq S&P +417.06   +92.90   +44.59 31,499.62   10,952.61   3,797.34 +1.34%   +0.86%   +1.19% YTD -13.32%   YTD -29.99%   YTD -20.33%

Biggest Winners HCA Healthcare Inc +6.97%   Regions Financial Corp +5.28%   Genuine Parts Co +5.05%   KeyCorp +4.91% Biggest Losers Las Vegas Sands Corp -10.29%   Bath & Body Works Inc -3.77%   Jacobs Solutions Inc -3.63%   Linde PLC -3.54%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $84.88 -0.17 / -0.20% Gold $1,654.10 -2.20 / -0.13% 10-yr 4.23% +0.02 Euro $0.99 +0.00 / +0.12%

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