Fitch Downgrades First Republic Bank’s Rating to ‘B’ on Cash Crunch
First Republic’s rating was downgraded again less than a week after a group of Wall Street lenders agreed to deposit $30 billion with the struggling...
Tag : Wall Street
Wall Street Stocks Slid Sharply, Indices Saw Weekly Gains
Wall Street closed lower on Friday after a turbulent week, mainly as dark clouds gathered about an ongoing crisis in the banking sector and a...
Wall Street Closes Sharply Lower in Biggest Weekly Loss of 2023
Wall Street’s main indexes posted their biggest weekly losses since 2023 after sharp losses on Friday. Investors braced for a more aggressive rate hike by...
S&P 500 Closes Lower as Investors Worry About Interest Rates
On Friday, the S&P 500 ended lower, dragged down by Microsoft and Nvidia, as investors worried that inflation and a strong US economy could prompt...
Wall Street Futures Climb 1% as US Treasury Yields Retreat
On Tuesday, Wall Street futures rose more than 1 per cent as a pullback in US Treasury yields boosted the demand for stocks, with investors...
Wall Street to Fall on Aggressive Rate Hike Worries
On Monday, Wall Street’s main indexes were set for a lower opening, extending declines for a third straight day as investors worried that another massive...
PayPal Boosts Optimism, Nasdaq Closes at Three-Month High
Wall Street closed sharply higher on Wednesday, helping the Nasdaq to its highest level since early May, as strong earnings forecasts from PayPal and CVS...
Sensex Recovers 367 Points After Losing 4000 Points in 6 Days
After a slow start in Tuesday’s session, the local equity recovered some losses due to low-level stock buying but continued to trade in the red....
GameStop Shares Drop 60% as Frenzied Rally Loses Steam
GameStop shares plunged 60 per cent Tuesday in a further reversal of the recent blockbuster gains that grabbed people’s attention far beyond Wall Street. The video...
Retail Darlings Dented as Reddit Group Briefly Shuts Doors
A slugfest between Wall Street and Main Street took an unexpected turn late on Wednesday after moderators of a stock trading forum that has helped...