MILAN (Reuters) -Shares in Credit Suisse tumbled to another lifetime low below 3 Swiss francs on Tuesday as investors dumped rights to subscribe to new shares in the loss-making lender. The rights offering, which is part of a broader capital raise worth 4 billion francs, is intended to help fund the bank's turnaround plan, an attempt to recover from the biggest crisis in its 166-year history. The offering, which is guaranteed by a group of banks, will raise as much as 2.24 billion Swiss francs ($2.3 billion) and follows a 1.76 billion-franc share placement where Saudi National Bank took a 9.9% shareholding in Credit Suisse.
Financial experts break down what you need to earn to afford a median-priced home in the United States.
Investors looking for a guiding hand to steer them safely through the current hazardous stock market landscape could do worse than listen to what billionaire Ken Fisher has to say. The Fisher Investments founder famously started his independent money management firm with $250 in 1979, a company that is now a $197-plus billion going concern, while Fisher’s own net worth stands north of $5 billion. So, for those getting restless from 2022’s unrelenting bear, Fisher has some very simple advice: "Th
What happened Shares of Anavex Life Sciences (NASDAQ: AVXL), a clinical-stage biotech that specializes in therapies to treat neurodegenerative and neurodevelopmental diseases, fell by 23.5% on Monday.
Shares of Israeli container shipping company ZIM Integrated Shipping Services (NYSE: ZIM) tumbled 3.4% through 11:05 a.m. EST Monday -- and it's no huge secret why. Across the shipping world, stocks including ZIM, Costamere, and Danaos Corporation are all sliding today. As multiple media outlets have reported, protests against a government "zero-Covid" policy are spreading across China, threatening both the ruling regime's stability, the country's economy, and its ability to produce products that would need container shipping services to reach foreign markets.
With a yield of 9.62%, the recently expired Series I bond was understandably popular. With interest rates rising, bond funds are down this year and banks continue to offer miserly rates on deposit accounts. So it's no wonder that a … Continue reading → The post It Pays to Procrastinate: The New 6.89% I bonds Will Beat the Old 9.62% Bonds in Just 4 Years appeared first on SmartAsset Blog.
Energy is everywhere, in everything we do; we can’t avoid it. The sheer ubiquity of the sector is one major factor drawing investors to it. After all, energy companies will always be able to find customers for their products, and will never lack for sales. Energy companies have also been seen as a hedge against inflation. The energy sector has been riding high this year, with the S&P 500 energy index up 61% year-to-date. So the question for investors is, do energy stocks have more room to run? A
Eisai plans to share additional data about the Alzheimer’s disease treatment it's developing with Biogen this week.
Some investors are focusing on the fact that the EV stock is at the lowest level in more than two years.
Shares of leading semiconductor companies Taiwan Semiconductor Manufacturing (NYSE: TSM), Intel (NASDAQ: INTC), and Qualcomm (NASDAQ: QCOM) all fell today, declining 2.9%, 2.6%, and 3.6%, respectively, as of 3:37 p.m. ET. First, widespread protests in China over COVID-19 restrictions erupted this past weekend, putting pressure on any stock with exposure to China or products made there. Second, a report from a leading tech industry research company predicted a bigger decline in overall semiconductor revenue next year than it had forecast just four months ago.
In this article, we will be taking a look at 10 Robinhood stocks to buy that are too cheap to ignore. To skip our detailed analysis of these stocks, you can go directly to see the 5 Robinhood Stocks To Buy That Are Too Cheap To Ignore. Robinhood, a commission-free stock trading and investing company, has […]
On the morning of November 8, Sam Bankman-Fried, founder and CEO of FTX and Alameda Research, a hedge fund that also trades in cryptocurrencies, was a billionaire. The 30-year-old former trader was the institutional face of the crypto space, nicknamed "SBF" by his initials. Bankman-Fried was a god in the crypto sphere.
Financial services are one of the world's largest industries, worth trillions of dollars. Financial technology companies like SoFi Technologies (NASDAQ: SOFI) are trying to do things differently and, as a result, are nipping at the heels of traditional banks. Here is why SoFi's stock could shine like a diamond in 2023.
(Bloomberg) -- The inversion of the US Treasury yield curve is flashing that long-term interest rates have peaked, stocks have bottomed out and the Federal Reserve’s policy tightening is approaching its limit, according to Ed Yardeni of Yardeni Research Inc.Most Read from BloombergApple to Lose 6 Million iPhone Pros From Tumult at China PlantNext Covid-19 Strain May be More Dangerous, Lab Study ShowsThere’s a Job-Market Riddle at the Heart of the Next RecessionStocks Hit by Fedspeak as China Woe
Deutsche Bank researchers are the latest analysts to put a 25% decline in equities on the map, and they expect the U.S. to go into a recession by mid-2023.
Canoo (NASDAQ: GOEV) has been one of the market's worst-performing electric vehicle stocks. Lastly, Canoo continued to burn cash as its liquidity dried up. Walmart also gained a warrant that gave it the option to buy more than a fifth of Canoo's outstanding shares at $2.15 per share.
In this article, we will discuss the best dividend stocks according to hedge funds with over 5% yield. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 5 Best 5% Dividend Stocks To Buy According To Hedge Funds. The current stock market situation has […]
In this article, we discuss the top 10 stock picks from Louis Navellier. If you want to see more stocks in this selection, check out Louis Navellier’s Top 5 Stock Picks for Q4 2022. Louis Navellier, the author of a BusinessWeek best-seller, “The Little Book That Makes You Rich”, is the founder and chairman of […]
Dow Jones futures were higher ahead of Tuesday's open after the Dow Jones Industrial Average sold off nearly 500 points Monday.
The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space. The fall, in a few days, of a company valued at $32 billion in February, ended up casting suspicion on the entire young industry of financial services, based on the Blockchain technology. Retail investors have fled, while institutional investors, linked to FTX and its sister company Alameda Research, are still determining their losses from their exposure to Sam Bankman-Fried's empire.