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Search resuls for: "Karen Friar"


6 mentions found


☆ Credit Suisse shares slide 10% as the shine of its rescue package wears off
  + stars: | 2023-03-17 | by ( Karen Friar | ) www.businessinsider.com   time to read: +2 min
Credit Suisse stock slid almost 10% Friday, pulling back after it jumped as much as 20% the previous day. The declines came even after the SNB agreed to loan $54 billion to the Swiss banking giant. DBRS Morningstar cut Credit Suisse's credit score Thursday, amid concerns it may default on its debt. Credit Suisse is facing a pile of financial troubles, and investors are concerned it may default on its debt. DBRS Morningstar cut Credit Suisse's credit score to BBB on Thursday.
☆ First Republic shares slide 8% even after Wall Street's white knights promise a $30 billion rescue
  + stars: | 2023-03-17 | by ( Karen Friar | ) www.businessinsider.com   time to read: +3 min
First Republic stock fell in Friday's premarket trading despite a $30 billion Wall Street rescue package. The banks, led by JPMorgan, Bank of America, Citigroup, and Wells Fargo, said Thursday they would deposit a collective $30 billion into First Republic. But shares of First Republic swung lower in Friday premarket trading, sliding 7.7% to $31.64. First Republic also said its cash position was around $34 billion, excluding the Wall Street $30 billion. First Republic shares have dropped 58% over the past five trading sessions, and they are down about 70% year to date, as of Thursday's close.
☆ How to get ahead in 2023
  + stars: | 2023-01-16 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
We've got top tips for stocks (and serving prison time), a path to financial freedom, and what to expect for the rest of 2023. If you want to start investing in real estate this year, Harr says don't be deterred by uncertainty or high-interest rates. US stocks got off to a choppy start in the first week of 2023, however, Goldman Sachs still sees attractive investing opportunities. According to Grant Sabatier, 2023 will be the year of the "the creator millionaire" — here's how he plans to take advantage of it. As one expert said: "2023 is going to be the survival of the fittest."
☆ A Twitter user poll voted Elon Musk out. Here's how the chaos impacts Tesla
  + stars: | 2022-12-19 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
But first, Elon Musk staked his Twitter leadership on a poll and it closed just minutes ago. Elon Musk topped off a turbulent week by launching a poll asking Twitter users whether he should quit as CEO. After SEC filings showed Musk sold about $3.6 billion of Tesla stock, its share price tumbled more than 15% amid a growing view that Twitter is becoming a distraction. This is a developing story and Tesla stock is currently up almost 5% in premarket trading. ICYMI: Phil Rosen, your usual host of this newsletter, discussed the "stunning" state of America's oil industry with Citi's Ed Morse.
☆ The pound rises after UK's new finance minister speeds up announcement of tax and spending plans to Monday
  + stars: | 2022-10-17 | by ( Huileng Tan | Karen Friar | ) www.businessinsider.com   time to read: +4 min
The UK's finance minister Jeremy Hunt will lay out details of some of the government's tax plans Monday. The policy details come two weeks early, after abrupt tax U-turns and the sacking of Hunt's predecessor. The pound rose Monday, after weeks where the tax plans roiled markets as investors fretted about stability. The turmoil prompted Nobel laureate Paul Krugman to say the UK markets were "behaving like those of a developing country." That and political pressure on Prime Minister Liz Truss has led to a series of U-turns on the tax plans in recent days.
☆ The pound rallies from a 2-week low after the Bank of England reportedly signals it's ready to keep buying bonds
  + stars: | 2022-10-12 | by ( Karen Friar | ) www.businessinsider.com   time to read: +3 min
The pound is rising after a FT report the Bank of England said it may extend its emergency bond buying. The UK currency fell after the BoE chief told pension funds they had three days to sort out their investments. The bond buying aims to calm markets spooked by fears of a UK financial crisis and a hit to pension funds. On Wednesday, the Financial Times reported the Bank of England had signaled privately to several bankers that it could extend its bond buying past the deadline. Analysts said Bailey's giving pension funds just days to sort out their liquidity positions had sent new jitters through the market.
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