Stocks fell Monday as investors traded cautiously ahead of the Federal Reserve’s decision on interest rates this week and earnings from some of the world’s largest technology companies. Carvana (CVNA) stock surged 30% Monday after jumping nearly 20% on Friday. A report from Bloomberg said the volume of call contracts Monday on Carvana was above volume of the past 20 days.
The Fed and other central banks want to bring down inflation at all costs. Is it worth it?
The stock market could easily take another hit soon. The stock market has recovered from the depths of its bear market, defined as a 20% or greater drop from a previous high, which it hit in early 2022. To be sure, banks and bank-held assets have been getting bought up since the Silicon Valley Bank failure, adding liquidity—and stabilization—to the banking system.
Bank runs and extreme market volatility – are the shades of 1929 upon us? Probably not, the current situation, while dangerous, is unlikely to trigger an economy-wide depression. The real test, at least according to David Kelly, JPMorgan’s chief global strategist for asset management, will come on Wednesday, at the Federal Reserve’s next interest rate policy meeting. The central bank will have to determine which risk is more urgent, persistent high inflation or a bank crisis, and adjust its rece
Saudi Crown Prince Mohammed bin Salman last year directed government-backed Saudi National Bank to make a $1.5 billion investment in Credit Suisse that his financial advisers harbored doubts about.
Apple stock is trying for a massive breakout, which could -- could -- trigger a yet larger rally. Here's the level to watch now.
Airfare prices move up and down based on two major things -- passenger demand and the cost of actually flying the plane. Domestic air travel traffic for 2022 rose 10.9% compared to the prior year. The nation's air traffic in 2022 was at 79.6% of the full-year 2019 level.
UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse's investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.
(Bloomberg) -- Nio Inc. is “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong. Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldSVB’s Loans to Insiders Tripled to $219 Million Before It FailedUS Studies Ways to Insure All Bank Deposits If Crisis GrowsBiden Stunts Growth in China for Chipmakers Getting US Fund
The sale of First Republic's assets could take awhile despite an 11-banks rescue effort with $30 billion in deposits last week.
Before this sale, ARK Invest owned 9.9 million shares of the crypto exchange worth $575 million.
Reuters Credit Suisse Bondholders Enraged As $17B Of AT1 Debt To Be Written Down To Zero: What It Means Credit Suisse Group AG (NYSE: CS) said 16 billion Swiss francs ($17.24 billion) of its additional tier 1 (AT1) debt, a type of bond, will be written down to zero on the orders of the Swiss regulator FINMA as part of its rescue merger with UBS Group AG (NYSE: UBS). The decision by the Swiss regulator would mean AT1 bondholders may be left with nothing while shareholders, who sit below bonds in
It's the second scandal involving fake nickel in as many months.
Palo Alto Networks and Salesforce lead this list of 16 top-rated growth stocks eyeing 50% to 439% EPS growth this year.
When Amazon announced it was eliminating 9,000 jobs March 20, CEO Andy Jassy wrote a message that was posted to an Amazon blog. The new layoffs were to affect Amazon Web Services (AWS), People Experience and Technology Solutions (PXT Solutions), advertising and the video live streaming service Twitch.
(Bloomberg) -- Signature Bank’s partial takeover by a competitor is notable for what it doesn’t include: $11 billion of loans against a class of New York City apartments whose values have tumbled in recent years.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldUS Studies Ways to Insure All Bank Deposits If Crisis GrowsJPMorgan Owned the LME ‘Nickel’ That Was Actually Bags of StonesSwiss Are On the Hook for $13,500 Each on Credit Suisse BailoutSVB’s Loans to
There's a much bigger cost to it than you might think.
The warehouse club shared some insight that might be useful for members and people who are considering joining the warehouse club.
Is the Fed's next rate hike decision going to be "poorly perceived" by the markets and bring the U.S. economy closer to recession? Experts Mike Lee and Kathryn Rooney Vera weigh in.
Approximately 80% of all Americans aged 60 and older are homeowners, and housing wealth accounts for about 48% of the median wealth of that group. As retirees near large cities, and strong housing markets, start retiring, they realize they can … Continue reading → The post Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This appeared first on SmartAsset Blog.
Yahoo Finance 
Yahoo Finance Plus