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Stock Market News
BusinessBarrons.comThese Stocks Are Moving the Most Today: Alibaba, Lyft, Coinbase, Occidental, Virgin Orbit, and More
Chinese tech giant Alibaba plans to split itself into six units, and Lyft names a new chief executive.
- BusinessReuters
GLOBAL MARKETS-Stocks rise after bank sale fuels investor risk appetite
Global stocks rose and the dollar eased on Tuesday, after a deal backed by the U.S. regulator for First Citizens BancShares to buy up Silicon Valley Bank soothed some of the recent concern about the health of the banking sector. U.S. banking regulators said on Monday they planned to tell Congress that the overall financial system remains on a solid footing after recent bank failures, but will comprehensively review their policies in a bid to prevent future collapses. With a little more stability returning to the banking sector, investors felt confident enough to ditch some of their recent safe-haven purchases, meaning the price of bonds and gold edged lower, as did the dollar.
BusinessBarrons.comAlibaba Stock Is Soaring. Brace for an Unprecedented Shakeup—and Spinoffs.
Alibaba will split itself into six units in a bid to unlock shareholder value—the biggest overhaul in the history of one of China's most important companies.
