A vehicle charges a Tesla booster station in Corte Madera, California, U.S., Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest leaps in pre-market commerce: Tesla – The electric vehicle maker rose 2% after Moody’s gave it a Baa3 rating and scrapped its junk rated … Read more
As of 4 p.m. ET, the Dow Jones Industrial Average added about 380 points, or 1.2%, and the S&P 500 rose 0.9%. The technology-focused Nasdaq Composite climbed 0.4%. The indices fell on Friday but have been relatively insulated from the banking crisis so far. Authorities sought to stem a dangerous decline in confidence in the … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
Cryptocurrencies stood out this week as bank stocks tumbled and the global liquidity crunch rocked the stock market. For the week ending March 17, bitcoin finished up 34%, making it the cryptocurrency’s best week since January 2021 – which marked the start of the institution-led bull run this that year. Coin Metrics measures a week … Read more
Investors breathed a sigh of relief after the Swiss National Bank said it would provide a safety net for Credit Suisse. Arnd Wiegmann/Stringer/Getty Images Find out which companies are making headlines in the midday business. First Republic – Shares of the regional bank fell more than 20% even after the company was set to receive … Read more
U.S. stocks could see increasingly wild swings in the coming days as options contracts tied to trillions of dollars worth of securities are due to expire on Friday, removing a buffer that some say helped thwart the index S&P 500 to break out of a tight trading range. . Options contracts worth $2.8 trillion set … Read more
During a live release event on Thursday, Baidu CEO Robin Li pointed out that the company’s product – called Ernie bot – isn’t perfect. Instead, he described how it would improve with the ability of users to give him feedback. Baidu is prioritizing initial access to the Ernie bot for what it calls 650 trading … Read more
The Bank of England announced on Friday that, “in the absence of any other significant information”, it would place Silicon Valley Bank UK in insolvency proceedings. More than 200 companies – depositors with SVB UK – wrote to the UK Treasury on Saturday asking for help. HSBC UK announced at 7am London time on Monday … Read more
After a frantic weekend of regulators to the rescue that sparked a rally for US stock futures on Sunday night, the mood turned more cautious, with the exception of tech futures still celebrating. Is that many banks are in the red before the opening on Monday. Nervous investors may be wary of more shoes dropping … Read more
All eyes are on federal banking regulators as investors sift through the aftermath of the Silicon Valley Bank collapse last week. The name of the game — and the key to a near-term market rebound — could be a deal that makes depositors at Silicon Valley Bank, or SVB, whole, analysts said. And regulators’ efforts … Read more
