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Yahoo Finance Plus General Motors Wins a Big EV Battle
The Detroit giant may not have to lower the price of the Cadillac Lyriq, which now is eligible for the new federal EV tax credit of $7,500.
The Detroit giant may not have to lower the price of the Cadillac Lyriq, which now is eligible for the new federal EV tax credit of $7,500.
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.
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.
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.
The crisis of confidence in banks will soon enter its third quarter. This crisis of defiance, the most serious since the Great Financial Crisis of 2008 caused by subprime mortgages, gives no signs that it will calm down anytime soon. There's Silicon Valley Bank, the bank that started it all.
Apple stock is trying for a massive breakout, which could -- could -- trigger a yet larger rally. Here's the level to watch now.
It's the second scandal involving fake nickel in as many months.
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
(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 StonesUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisJPMorgan Sees Incr
A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a divorce as you're going through one. So if you're … Continue reading → The post Is My Spouse Entitled to My Pension in a Divorce? appeared first on SmartAsset Blog.
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.
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
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.
It’s a huge milestone for Tesla as the EV-maker enters the blue-chip investment world. Moody’s Investor Research upgraded Tesla’s credit rating to Baa3, which is the first rung on its investment grade ladder for corporate debt, with outlook changed to stable. Previously Moody’s classified Tesla as Ba1, which is the agency’s top rating for high yield corporate, or junk, debt.
The Federal Reserve will likely hike its key interest rate, but this might be the last, amid tighter bank credit. The S&P 500 rose.
The warehouse club shared some insight that might be useful for members and people who are considering joining the warehouse club.
The Dow Jones rallied even as the latest Fed meeting, led by Jerome Powell, looms. First Republic stock plunged. A Donald Trump stock surged.
Micron (MU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
GameStop reported a surprise profit in the fiscal fourth quarter, sending the stock soaring in late trading Tuesday. It was the videogame retailer’s first profitable quarter since the one that ended in January 2021. The January quarter includes the holiday season, a key driver of console and software sales.
GameStop blew away Q4 expectations late Tuesday, posting positive earnings for the second time in 12 quarters. GME stock leapt after hours.