Moody’s on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.
Category: Finance News
Italian bank shares slide after government surprises with windfall tax
Italian banking shares took a beating on Tuesday after Italy’s cabinet surprised with a 40% windfall tax on lenders’ “excess” profits in 2023.
Champagne sales are booming. But its taste could soon change forever — thanks to climate change
Europe’s soaring temperatures and increasingly volatile weather are sparking fears that France’s Champagne region could become unsuitable for its production.
China releases plans to restrict facial recognition technology
China is planning to restrict businesses’ use of facial recognition technology in favor of non-biometric methods, according to the Cyberspace Administration.
Stocks making the biggest moves after hours: Chegg, Beyond Meat, Paramount Global, Celanese and more
These are the stocks posting the largest moves in extended trading.
Apple extends its post-earnings decline. Here’s what the pros are saying
Pros on CNBC discussed Apple as the stock continued to fall following its worst week of 2023.
The Mega Millions jackpot hits $1.55 billion. What’s the best payout option? Experts weigh lump sum vs. annuity
The Mega Millions jackpot is up to $1.55 billion. Here’s how to decide between the lump sum or annuity payout option.
Stocks making the biggest moves midday: Tesla, Berkshire Hathaway, PayPal, Cinemark and more
These are the stocks posting the largest moves in midday trading.
Berkshire Hathaway rises as investors cheer strong earnings and Buffett’s near-record cash stockpile
Berkshire’s solid performance in insurance helped offset the softness in railroad due to lower volumes.
Stocks making the biggest moves premarket: Sovos Brands, BioNTech, Tyson Foods and more
Shares of Rao’s parent Sovos Brands’ popped 25% in premarket trading on news that Campbell Soup will acquire the pasta sauce maker for $2.33 billion.