Tag: RET
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HSBC bails out the British branch of stricken Silicon Valley Bank
US authorities support savers The UK deal puts an end to frenetic weekend talks UK Chancellor of the Exchequer: Deposits safe LONDON, March 13 (Reuters) – HSBC (HSBA.L) on Monday bought the UK branch of stricken Silicon Valley Bank for a token pound, bailing out a major lender to Britain’s technology start-ups and mitigating the […]
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SVB is the largest bank failure since the 2008 financial crisis
California regulator closes SVB, appoints FDIC as trustee SVB focused on lending to start-ups; branches open again on Monday FDIC to Sell Bank Assets; ‘chaos’ reported amid shooting Bank stocks fall in US, Europe, but well from lows Crisis exposes banks’ ‘vulnerabilities’ amid rising interest rates March 10 (Reuters) – Startup-focused lender SVB Financial Group […]
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Wall St falls on bank stocks tumble, jobs report jitters
Investors are looking forward to Friday’s jobs report Bank shares plummet after SVB announces share sale General Electric rises after repeated forecast Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – Wall Street’s three major stock indices closed lower on Thursday, with banking stocks the biggest drag, while investors also worried Friday’s […]
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Wall St climbs as lower Treasury yields push mega-cap stocks higher
Apple surges as GS coverage begins ‘buy’ rating Chinese ADRs fall after Beijing’s modest 5% growth target Crypto Stocks Drop as Silvergate Suspends Payment Network Indexes up: Dow 0.18%, S&P 0.24%, Nasdaq 0.28% March 6 (Reuters) – US stock indices rose on Monday as Treasury bond yields fell further ahead of Federal Reserve Chairman Jerome […]
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Wall Street rally, on course for weekly gains as Treasury yields fall
Indexes set for weekly gains S&P 500 breaks through 50-day moving average Indexes up: Dow 0.85%, S&P 1.29%, Nasdaq 1.66% NEW YORK, March 3 (Reuters) – Wall Street moved ahead on Friday towards the end of an up and down week as US Treasury yields fell and economic data helped investors see past the growing […]
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AI stocks soar as investors bet on growth prospects
March 3 (Reuters) – Shares of artificial intelligence-based (AI) product makers zoomed in on Friday as a strong forecast from retail darling C3.ai Inc (AI.N) reinforced a continued euphoria in the segment driven by the launch of OpenAI’s ChatGPT . C3.a1 forecast better-than-expected revenue and earnings for both the fourth quarter and fiscal year 2023 […]
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Wall Street heads to a weak open as interest rates rise again
Novavax collapses when it detects doubts about continuity Kohl’s slides after gloomy forecast ISM factory activity data at 10am ET Futures Down: Dow 0.19%, S&P 0.19%, Nasdaq 0.13% March 1 (Reuters) – Wall Street’s major indices were expected to come under pressure on Wednesday, with equity futures reversing early gains as higher Treasury yields offset […]
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Nokia changes iconic logo to indicate strategy shift
BARCELONA, Feb. 26 (Reuters) – Nokia (NOKIA.HE) on Sunday announced plans to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker targets aggressive growth. The new logo consists of five different shapes that together form the word NOKIA. The iconic blue color […]
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Warren Buffett remains optimistic and preaches patience in an annual letter
Feb. 25 (Reuters) – Billionaire investor Warren Buffett indicated on Saturday that he has not yet lost his continued faith in the US economy and his company Berkshire Hathaway Inc (BRKa.N). In his annual letter to Berkshire shareholders, the 92-year-old Buffett urged investors to focus on the long-term big picture, rather than higher inflation and […]
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S&P, Dow fall as resilient economic data fuels rate hike fears
Nvidia hits 10-month high with optimistic sales forecast Netflix slips in report on price cuts Weekly jobless claims fall; GDP grows by 2.7% in the fourth quarter Indices: Dow down 0.3%, S&P dip 0.02%, Nasdaq up 0.06% Feb 23 (Reuters) – Wall Street was mostly lower in choppy trading on Thursday, with the S&P 500 […]