Tag: New York Stock Exchange

U.S. stocks fell on Monday following the news that UBS Group AG has closed a deal to purchase the struggling Credit Suisse investment bank. The state-backed takeover is worth over $3 billion. "This acquisition is attractive for UBS shareholders but, let us be clear, as...

Markets recovered slightly on Wednesday after news that Credit Suisse would borrow up to 50 billion francs ($53.7 billion) from the Swiss central bank as a means of stabilizing its financial predicament. Credit Suisse shares fell by 24% on Wednesday following the bank's announcement...

U.S. stocks started the week on a somber note after suffering the aftereffects of the collapse of Silicon Valley Bank. U.S. regulators took control of SVB on Friday in a move to limit the effect of the tech-focused bank's failure. The S&P 500 declined by...

Gap Inc shares declined by over 8% during Thursday's after-market session after the company reported its fourth-quarter fiscal 2022 results. The company incurred a wider loss than expected. Despite inflationary pressures which have curbed demand, Gap decided to lower excess inventory levels and focus on...

U.S. stocks advanced on Friday morning following the release of February's better-than-expected jobs report. Futures on the S&P 500 edged higher by 0.1%, while those tied to the Nasdaq Composite were up 0.4%. Contracts on the Dow Jones Industrial Average remained relatively unchanged. Bond yields...

U.S. stock futures fell on Thursday as investors brace themselves for a spike in interest rates following Fed Chair Jerome Powell's hawkish testimony before congress. With the labor market remaining tight despite the central bank's aggressive rate hikes in recent times, Friday's weekly jobless...