Ubs and Other Bank Stocks Fall after Credit Suisse S Firesale
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UBS makes Ermotti best-paid European bank boss
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit SuisseFinancial Times - Business -
UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.The Wall Street Journal - World -
Wells Fargo’s rally sparks KBW downgrade after it outpaces other bank stocks
Investors have been bidding up the stock partly on speculation that its asset cap imposed by the Federal Reserve may be lifted in the next year or so.MarketWatch - Business -
Robinhood’s stock jumps after company launches first credit card
The Robinhood Gold Card is aimed at Robinhood Gold members — a subscription product offering premium services for a fee — and has no annual fee or transaction fees, but comes with a 3% cash back on all categories.MarketWatch - Business -
Coinbase’s stock falls after request to dismiss the SEC’s suit was denied
Coinbase’s stock fell Wednesday, after the cryptocurrency exchange said its request to dismiss the U.S. Securities and Exchange Commission’s lawsuit was denied by federal court.MarketWatch - Business -
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.The Wall Street Journal - World -
Bank of America downgraded after hot stock run, while U.S. Bancorp and PNC get boost
New analysis from HSBC says that Bank of America’s stock is reaching its target price — but there are still buying opportunities in other banking sectors.MarketWatch - Business -
Wall Street revamps 2024 S&P 500 targets after record-setting stock-market rally
Wall Street analysts are playing catchup with the 2024 stock-market rally.MarketWatch - Business -
Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World -
S&P Global Cuts Paramount Credit Rating Into Junk Territory
The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.The Wall Street Journal - World -
UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.CNBC - Business -
Stocks Finish Lower, Led by Nasdaq
U.S. stocks finished lower, with the S&P 500 creeping further from its recent record highs.The Wall Street Journal - World -
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.The Wall Street Journal - World -
UBS sends a wake-up call to take profits on an outperforming stock. We're heeding it
We had not taken profits in this outperforming stock since last summer. A Wall Street downgrade Wednesday served as a wake-up call to do so.CNBC - Business -
Amazon writes its largest venture cheque yet for AI start-up Anthropic
$2.75bn deal is the latest sign of Big Tech’s race to capitalise on the booming sectorFinancial Times - Business - Amazon -
Fisker’s stock tumbles further as talks with carmaker fall through
The EV company had been in talks with a big carmaker about a potential transaction, but that company has terminated negotiations.MarketWatch - Business -
AMC shares fall 13% as movie theater chain announces stock sale
Movie theater chain and original meme stock AMC wants to boost liquidity “in light of the low first quarter box office”MarketWatch - Business -
S&P issues negative outlook on five U.S. regional banks due to risky office space exposure
Higher office space vacancies trigger rise in criticized and modified loans, as a maturity wall loomsMarketWatch - Business -
Tributes paid to Gogglebox star after fall death
'Charming' star George Gilbey, 40, who also appeared on Celebrity Big Brother, has died in a fall.BBC News - Top stories -
Why the ‘Magnificent Seven’ and other momentum stocks may be hitting a wall
Riding a wave is exciting as long as it lasts — but watch out when it crashes.MarketWatch - Business -
Major U.S. stock indexes declined, with the S&P 500, Nasdaq and Dow industrials retreating 0.3%, 0.4% and 0.1%, respectively.
Major U.S. stock indexes declined, with the S&P 500, Nasdaq and Dow industrials retreating 0.3%, 0.4% and 0.1%, respectively.The Wall Street Journal - World -
Momentum stocks are outperforming S&P 500 by widest margin since 2008. Investors should be concerned.
Momentum stocks are coming off their best stretch of outperformance in years — since just before the financial crisis, in fact. That’s making some investors nervous.MarketWatch - Business -
U.S. stocks rose, with the S&P 500 adding 0.9% to close at a record and the Dow and Nasdaq gaining 1.2% and 0.5%, respectively.
U.S. stocks rose, with the S&P 500 adding 0.9% to close at a record and the Dow and Nasdaq gaining 1.2% and 0.5%, respectively.The Wall Street Journal - World -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Three dead after Israeli army operation and clashes in the West Bank
Yahoo News - World - Israel -
Stock up, stock down for USMNT players, England, Brazil and other teams during the international break
Welcome to Wednesday's edition of the Golazo XI newsletterCBS Sports - Sports -
PS5's Game Help Feature Expands Expands With Auto-Recorded Clips To Help Others
Sony is expanding the PlayStation Game Help program that launched in 2020 and aims to help players get the help they need when trying to complete a game.. Launching later this year is "Community Game Help," which expands the library of game hints ...GameSpot - Tech -
Shares in Martin Sorrell’s S4 Capital fall 15% after revenues warning
Advertising group suffers earnings hit as clients remain cautious on outlookFinancial Times - Business -
UBS to sell $8bn of loans to Apollo
Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit SuisseFinancial Times - Business -
Truth Social’s stock rally has made Trump billions, and many others millions
Trump Media & Technology Group’s stock soared Tuesday, as investors rushed to buy the stock with the new ticker symbol that bears the initials of the former president.MarketWatch - Business - Donald Trump -
Krispy Kreme Stock Jumps After Expanding Partnership With McDonald's
Shares of Krispy Kreme surged after the donut maker said it has reached a deal to sell its donuts at McDonald’s restaurants across the U.S.The Wall Street Journal - World -
Krispy Kreme Stock Jumps After Expanding Partnership With McDonald's
The fast-food chain said it will start rolling out the doughnuts in the second half of this year.The Wall Street Journal - Business -
Trump Media stock jumps as much as 50% after DJT ticker debut
Donald Trump last used the DJT stock ticker for a casino and hotel operator. He is hoping his social media company does better than the last firm did.CNBC - Business - Donald Trump -
Novocure’s stock surges after positive results in brain-cancer trial
Novocure Ltd.’s stock soared 15% Wednesday after the company announced positive results from a late-stage trial of a medtech device to treat patients with lung cancer that has spread to their brains.MarketWatch - Business -
Search resumes Sunday for 6-year-old who fell into Chester Creek
Delaware County officials said the search for 6-year-old Lin'Ajah Brooker is still "aggressive," and rescue crews are using every resource at their disposal, including boats, drones and helicopters.CBS News - Top stories -
March Madness 2024: Clemson makes Sweet 16, upsets Baylor after Bears' wild rally attempt falls short
The No. 6 seed Tigers' 15-point lead with seven minutes left was cut to two before they held on vs. the No. 3 BearsCBS Sports - Sports -
Another U.S.-Mexico match marred by discriminatory chant, another toothless response by Concacaf
Concacaf's anti-discrimination protocols feel toothless at this point.Yahoo Sports - Sports -
Two people die after falling into the Atlantic along Spain’s north coast during high wind warnings
Yahoo News - World -
Four people die in Spain in separate incidents after falling into sea along coast amid high winds
Emergency services in Spain say that four people have died in three separate incidents on Spain’s Atlantic and Mediterranean coastlines after falling into the seaABC News - Top stories -
Zelensky says Russia always blames others after Putin points finger
Yahoo News - World - Russia