Many investors are bracing for the economic fallout of the deadline for the U.S. to raise the debt ceiling or default on its obligations. Here’s what to expect.
Category: Finance News
UBS announces Credit Suisse CEO Koerner to join board after emergency rescue
UBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of the stricken bank completes.
A.I. trade is leaving investors vulnerable to painful losses: Evercore
Evercore ISI’s Julian Emanuel warns Big Tech concentration in the S&P 500 is at extreme levels.
Stocks making the biggest moves after hours: Lucid, Palantir, PayPal and more
These are the stocks posting the largest moves in extended trading.
Zscaler shares surge on better-than-expected guidance. Here’s how to play it
Pros on CNBC discuss Zscaler’s better-than-expected guidance.
Worries linger about financial stability following bank rescue, Fed report shows
The Fed last published its Financial Stability Report in November 2022, before the implosion of several prominent mid-sized banks.
Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows
The Senior Loan Officer Opinion survey said requirements got tougher for commercial and industrial loans as well as for many household-debt instruments.
Activist investor Peltz tells Cramer he’s not pursuing Club name Estee Lauder
The activist has no intention of pursuing a shakeup at Club holding Estee Lauder (EL), in part because of the prestige beauty firm’s dual-class structure.
Stocks making the biggest moves midday: Berkshire Hathaway, Catalent, Tyson Foods, Zscaler and more
These are the stocks posting the largest moves in midday trading.
The most important thing Warren Buffett said Saturday, and it isn’t good news for the economy
Warren Buffett, whose conglomerate is viewed as a barometer for the U.S. economic health, didn’t sound so cheery about the near future.