Higher for longer interest rates will be headwind for regional banks: Analyst

David Chiaverini, Wedbush Securities Managing Director of Equity Research, joins Yahoo Finance Live to talk about the Fed's interest rate policy and customer deposits impact on the banking environment, especially for regional banks.

Tesla now dominates just half of the market, down from the 62% it held in the first quarter, despite a price war started by the Elon Musk-led company to solidify its foothold in the competitive EV arena. However, the company could reverse the downward trend with the launch of its Cybertruck electric pickup truck, which is set to be delivered to customers in the current quarter, the market research firm said.

CALGARY — Exxon Mobil Corp.'s acquisition of Pioneer Natural Resources in a US$59.5 billion mega-deal is being seen by some as a massive vote of confidence in fossil fuels that also bodes well for the Canadian oilpatch. Dan Tsubouchi, principal and chief market strategist with SAF Group, says Exxon is clearly confident that global demand for oil will remain strong in the immediate future.

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