Category: Market News
Overview of the Fed’s Rate Hike Decision In March 2023, the Federal Reserve raised its benchmark interest rate by 25 basis points, marking the first rate hike in several years. This decision was made in response to increasing inflationary pressures and the need to maintain a stable economic environment. The Economic Context Leading Up to […]
Dive into the complexities behind Deutsche Bank’s share price fluctuations and the impact of the CDS blow-out on the bank’s financial standing, while exploring the possible implications for investors and the global financial market. 1. Introduction: Deutsche Bank’s Share Price Fluctuations The recent volatility of Deutsche Bank’s share prices, particularly in the aftermath of a […]
In a move that has shaken the global financial markets, UBS has agreed to purchase its domestic rival, Credit Suisse, for 3 billion Swiss francs ($3.25 billion). Despite the bold proclamations from Swiss authorities and central banks about a return to stability, the deal does not appear to have laid to rest concerns about systemic […]
Rogers Corp. ROG, -44.30% stock fell 42% to $96.49 in premarket trades on Wednesday after it received a termination notice from DuPont de Nemours Inc. DD, +3.13% for its $5 billion acquisition of the engineered materials company. Rogers said it’s “evaluating all options” to determine its best path forward. DuPont said Tuesday the two companies […]
Casino resort operator MGM Resorts International MGM, -2.31% reported a surprise loss for its third quarter, and shares fell 5% after hours on Wednesday following the results. The company reported a net loss of around $1.06 billion, or $1.45 per share, compared with a $1.34 billion profit, or $2.77 per share, in same the quarter […]
Shares of Fortinet Inc. FTNT, -5.65% were off more than 13% in after-hours trading Wednesday after the cybersecurity company topped expectations with its latest earnings and revenue numbers but delivered a billings forecast for the current period that came up light. The company logged third-quarter net income of $231.6 million, or 29 cents a share, […]
Shares of Sinclair Broadcast Group Inc. SBGI, -2.87% were down 3% in after-hours trading Wednesday after Wells Fargo analyst Steven Cahall double-downgraded the broadcast company’s stock, lowering his rating to underweight from overweight and nearly halving his price target to $16 from a prior $30. The company “faces multiple pressures that we think are greater […]
DuPont de Nemours Inc. DD, +2.62% said late Tuesday it has ended its deal to buy Arizona-based engineered-materials maker Rogers Corp. as the companies could not get “timely clearance” from all the required regulators. DuPont is paying Rogers a termination fee of $162.5 million in accordance with the agreement. The $5.2 billion deal, announced in […]
Shares of Yum China Holdings Inc. YUMC, +4.14% reported third-quarter per-share profit that topped expectations, and said it expected to continue opening stores as planned this year even as COVID-19 restrictions and inflation fears weigh on business. The company — which runs KFC, Pizza Hut and Taco Bell restaurants in China — reported net income […]
The Supreme Court denied a request Tuesday by Republican Sen. Lindsey Graham of South Carolina to block a subpoena seeking his testimony as part of a Georgia probe into efforts by former President Trump to overturn the results of the 2020 election. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as […]
