The 79-year-old investor said he „modestly increased“ his position in the financial name, seeing Monday’s pullback as a buying opportunity.
Schlagwort-Archiv: CNBC
Stocks making the biggest moves premarket: First Republic, Western Alliance, Uber, Lyft and more
First Republic led a rebound in regional bank stocks. Uber and Lyft got a boost from a court ruling.
First Republic shares jump 50% as regional banks rebound sharply from Monday’s sell-off
Regional bank stocks rebounded on Tuesday as investors digested the fall-out from the collapse of Silicon Valley Bank and stabilization efforts from regulators.
Credit Suisse shares sink 5% as ‚material weaknesses‘ found in financial reporting
Credit Suisse said its net asset outflows had „not yet reversed,“ and that „material weaknesses“ were identified in its financial reporting processes.
As global stocks fall, Asia-Pacific’s benchmark index erases all of its gains for 2023
Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.
GitLab loses one-third of its value after software company issues weak revenue forecast
GitLab posted 58% revenue growth in the latest quarter, but its guidance for fiscal 2024 missed analysts‘ estimates.
United shares tumble after airline forecasts first-quarter loss
United Airlines forecast a first-quarter loss, citing weaker demand early in the year and higher costs.
‚A huge relief‘: Startups react to Silicon Valley Bank UK’s HSBC rescue deal
„We can look our teams in the eye … and say, not only will we be able to make next payroll but we can continue business as usual,“ said one startup founder.
Investors rush into bonds, gold in flight to safety after SVB rescue
Investors flocked to safe-haven assets amid an emergency plan to backstop the banking system and limit the impact from the collapse of Silicon Valley Bank.
Stocks making the biggest moves premarket: Illumina, First Republic, Seagen and more
Bank lenders saw major losses in early morning trading, stinging from the closure of Silicon Valley Bank and Signature Bank.