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Berita Valas
Swiss Market Ends On Weak Note; Credit Suisse Tumbles 8%
Despite opening on a positive note, the Switzerland stock market ended notably lower on Friday as worries about a potential banking crisis continued to hurt sentiment, prompting investors to lighten commitments.
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870 days ago
European Markets Close Lower On Concerns Over Potential Banking Crisis
Despite some troubled U.S. and European banks securing some lifelines, European stocks closed lower on Friday as worries about a potential banking crisis rendered the mood quite bearish.
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870 days ago
U.S. Consumer Sentiment Unexpectedly Drops In March, Inflation Expectations Dip
Consumer sentiment in the U.S. fell for the first time in four months in March, according to a preliminary report released by the University of Michigan on Friday. The report said the consumer sentiment index slid to 63.4 in March from 67.0 in February. Economists had expected the index to be unchanged.
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870 days ago
U.S. Leading Economic Index Falls For Eleventh Straight Month In February
The Conference Board released a report on Friday showing its reading on leading U.S. economic indicators declined for the eleventh consecutive month in February. The report said the leading economic index fell by 0.3 percent in February, matching the decrease seen in January. Economists had expected the index to dip by 0.2 percent.
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870 days ago
U.S. Industrial Production Unexpectedly Unchanged In February
A report released by the Federal Reserve on Friday showed U.S. industrial production was unexpectedly unchanged in the month of February. The Fed said industrial production was unchanged in February following a revised 0.3 percent increase in January.
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870 days ago
Pear Therapeutics Exploring Strategic Alternatives To Maximize Shareholder Value
Pear Therapeutics, Inc. (PEAR) announced Friday it is engaged in a process to explore strategic alternatives to maximize shareholder value. The Company has engaged MTS Health Partners, L.P. to act as the Company's exclusive financial advisor to assist in evaluating potential alternatives.
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870 days ago
China Central Bank Cuts RRR By 25 Bps To Support Economic Recovery
The People's Bank of China cut the reserve requirement ratio for banks by 25 basis points on Friday for the first time this year to support the nascent economic recovery and to ensure reasonable and sufficient liquidity in the banking system. The RRR represents the amount of cash that banks must hold as reserves.
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870 days ago
more news
Eurozone Record High Core Inflation Confirmed; Labor Costs Rise Faster
Eurozone harmonized prices logged a slower increase in February, while core inflation accelerated to a record as estimated initially. The underlying inflation is likely to remain sticky with wage growth gaining strength towards the end of 2022. The harmonized index of consumer prices, or HICP, increased 8.5 percent on a yearly basis. That was slightly slower than the 8.6 percent gain in January
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870 days ago
OneNeck IT Promotes Theodore Wiessing To Succeed Terry Swanson As President And CEO
OneNeck IT Solutions, a wholly owned subsidiary of Telephone & Data Systems, Inc. (TDI), announced Friday the appointment of Theodore Wiessing as its new President and Chief Executive Officer (CEO), effective today.
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870 days ago
Bay Street Likely To Open With Positive Bias
Higher commodity prices point to a slightly positive start for the Canadian market on Friday.
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871 days ago
First Republic Bank Secures $30 Bln Rescue Fund From Major US Banks
First Republic Bank, the latest casualty in the ongoing banking turmoil, said it has secured around $30 billion funding from America's 11 largest banks as a lifeline, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Following the news, the bank's stock, which has been sinking since last week, gained around 10% on Thursday from the previous day's close.
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871 days ago
Sensex, Nifty End Notably Higher On Firm Global Cues
Indian shares rose notably on Friday to extend gains from the previous session, as worries about a crisis in the U.S. and European banking sector eased and investors looked forward to a smaller rate hike from the Federal Reserve next week.
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871 days ago
U.S. Dollar Falls As Bank Worries Recede
The U.S. dollar declined against its major counterparts in the early European session on Friday amid risk appetite, as concerns over a global banking crisis eased following multi-billion-dollar lifelines for troubled U.S. and European banks.
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871 days ago
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