PRESS DIGEST-British Business

MoneyWise
'Invite me to your funeral': Jim Cramer makes a bold call on the Nasdaq — and even billionaire Elon Musk had to respond. Here are 3 ways to bet on that conviction
Mad Money or a mad call?
15h ago
Fortune
An economist who correctly predicted the Great Financial Crisis says the world’s central banks have chosen ‘class war over financial stability’
The Fed and other central banks want to bring down inflation at all costs. Is it worth it?
8h ago
Barrons.com
Stocks Could Be Headed for Another Tumble. It Won’t Look Like the Last One.
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.
12h ago
TheStreet.com
Delta Move Is Bad News For Southwest, United Airlines Passengers
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.
12h ago
TipRanks
JPMorgan Says Buy These 2 High-Yield Dividend Stocks — Including One With a 9% Yield
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
20h ago
The Wall Street Journal
Credit Suisse Collapse Burns Saudi Investors
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.
1d ago
TheStreet.com
Apple Stock Gears Up for Major Breakout
Apple stock is trying for a massive breakout, which could -- could -- trigger a yet larger rally. Here's the level to watch now.
11h ago
Reuters
UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT
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.
10h ago
SmartAsset
Is My Spouse Entitled to My Pension in a Divorce?
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.
16h ago
Benzinga
Credit Suisse's $17B Of AT1 Debt Written Down To Zero, Richard Branson's Virgin Orbit Plans Insolvency, Court Freezes Volkswagen's Russian Assets: Today's Top Stories
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
2d ago
TheStreet.com
First Republic: Finding a Buyer Could Mean a Breakup of Assets
The sale of First Republic's assets could take awhile despite an 11-banks rescue effort with $30 billion in deposits last week.
6h ago
Bloomberg
After Signature Bank Deal, FDIC Is Left With $11 Billion in ‘Toxic Waste’ Loans
(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
16h ago
Fortune
JPMorgan is the unlucky owner of the fake nickel uncovered by the London Metal Exchange—really just bags of rocks
It's the second scandal involving fake nickel in as many months.
17h ago
Investor's Business Daily
16 Top Growth Stocks Expecting A 50% To 439% Rise This Year
Palo Alto Networks and Salesforce lead this list of 16 top-rated growth stocks eyeing 50% to 439% EPS growth this year.
1d ago
SmartAsset
Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This
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.
2d ago
Investor's Business Daily
Dow Jones Rallies As Powell Looms; Donald Trump Stock Surges Amid Legal Drama
The Dow Jones rallied even as the latest Fed meeting, led by Jerome Powell, looms. First Republic stock plunged. A Donald Trump stock surged.
1d ago
Benzinga
Is Silver the Next Gamestop? How Retail Investors Challenged Wall Street Giants Again
In the wake of unprecedented short squeezes involving stocks like GameStop and AMC in early 2021, a group of retail investors from the Reddit forum r/WallStreetBets (and the spinoff called r/WallStreetSilver) set their sights on the silver market, attempting to challenge Wall Street giants with a so-called "silver short squeeze." The silver short squeeze movement was sparked on the r/WallStreetBets forum, where users urged each other to buy silver and silver-related assets to drive up prices and
2d ago
Benzinga
Accelerated Approval For Gene Therapies - US Health Regulator Looks To Improve Process
The FDA seeks to optimize the development of gene therapies to help get accelerated approval of therapies. The US health regulator is looking to encourage using biomarkers, such as pulse and blood pressure, which are characteristics of the body that can be measured. The FDA will support using biomarkers as substitutes for other biological indicators in gene-therapy clinical trials to help clinch "accelerated approval," Reuters reported citing the agency's official Peter Marks. FDA grants acceler
9h ago
Barrons.com
GameStop Stock Is Soaring on a Surprise Profit. The Short Squeeze Begins.
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.
8h ago
Fox Business
Fed could put US economy in 'very dire situation' with rate hike decision, expert warns
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.
13h ago

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PRESS DIGEST-British Business - Feb 6

Recommended Stories

'Invite me to your funeral': Jim Cramer makes a bold call on the Nasdaq — and even billionaire Elon Musk had to respond. Here are 3 ways to bet on that conviction

An economist who correctly predicted the Great Financial Crisis says the world’s central banks have chosen ‘class war over financial stability’

Stocks Could Be Headed for Another Tumble. It Won’t Look Like the Last One.

Delta Move Is Bad News For Southwest, United Airlines Passengers

JPMorgan Says Buy These 2 High-Yield Dividend Stocks — Including One With a 9% Yield

Credit Suisse Collapse Burns Saudi Investors

Apple Stock Gears Up for Major Breakout

UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT

Is My Spouse Entitled to My Pension in a Divorce?

Credit Suisse's $17B Of AT1 Debt Written Down To Zero, Richard Branson's Virgin Orbit Plans Insolvency, Court Freezes Volkswagen's Russian Assets: Today's Top Stories

First Republic: Finding a Buyer Could Mean a Breakup of Assets

After Signature Bank Deal, FDIC Is Left With $11 Billion in ‘Toxic Waste’ Loans

JPMorgan is the unlucky owner of the fake nickel uncovered by the London Metal Exchange—really just bags of rocks

16 Top Growth Stocks Expecting A 50% To 439% Rise This Year

Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This

Dow Jones Rallies As Powell Looms; Donald Trump Stock Surges Amid Legal Drama

Is Silver the Next Gamestop? How Retail Investors Challenged Wall Street Giants Again

Accelerated Approval For Gene Therapies - US Health Regulator Looks To Improve Process

GameStop Stock Is Soaring on a Surprise Profit. The Short Squeeze Begins.

Fed could put US economy in 'very dire situation' with rate hike decision, expert warns