U.S. stocks moved higher Tuesday following U.S. and European efforts to stabilize the banking system. The S&P 500 (^GSPC) climbed 1.3%, while the Dow Jones Industrial Average (^DJI) gained nearly…
Category: Breaking News
First Republic Rebounds From Record Low With Aid Plan in Focus
(Bloomberg) — First Republic Bank shares rallied in US premarket trading after falling to a record low Monday, as investors ponder what’s next for the struggling midsize lender following an…
Tesla Finally Exits Junk-Rated World After Moody’s Upgrade
(Bloomberg) — Elon Musk-loving stock traders are famously bullish on Tesla Inc., the eighth most-valued company in the world. Now credit-rating providers, playing catch-up, are giving heft to the automaker’s…
First Republic, Credit Suisse, UBS, New York Community, Bed Bath, and More Movers
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FTSE 100 and oil tumble after Credit Suisse takeover by UBS
Banking giant UBS is buying troubled rival Credit Suisse for almost £2.7bn – MICHAEL BUHOLZER/EPA-EFE/Shutterstock Banking stocks on the FTSE 100 and oil prices have tumbled after the historic state-backed…
US Futures Climb, Dollar Slips as Sentiment Turns: Markets Wrap
(Bloomberg) — A frenetic weekend in finance was met with comparatively small but mostly positive moves in markets Monday, with U.S. equity futures rising and a dollar gauge weakening slightly.…
Why Is Credit Suisse in Trouble? The Banking Turmoil Explained
Stress in the U.S. banking system has jumped across the Atlantic, sparking turmoil for embattled Swiss bank Credit Suisse. The European lender has long been dogged by issues. But on…
Silicon Valley Bank collapse concerns founders of color
In the hours after some of Silicon Valley Bank’s biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of color ballooned to more…
Fed to Consider a Pause as Fallout From SVB Roils Markets
(Bloomberg) — Federal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid…
7 things you may have missed amid this week’s banking crisis
Today’s newsletter is by Brian Sozzi, executive editor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with the…