Major retailers were in the red on Wednesday morning after UBS downgraded the stocks to sell from neutral.
Schlagwort-Archiv: Financial
‚Call of duty‘: With Sergio Ermotti, Switzerland gets a cost-cutting local to restore its reputation
New UBS CEO Sergio Ermotti on Wednesday said his return to the helm was „a call of duty,“ as the Swiss veteran takes on the task of restoring order to the country’s bruised financial system.
Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns
Bitcoin surged 5% in the past 24 hours to as high as $28,474, retaking the $28,000 level after dipping below it on Monday.
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
The suits allege that New York-based JPMorgan Chase ignored red flags about Jeffrey Epstein.
SVB customers tried to withdraw nearly all the bank’s deposits over two days, Fed’s Barr testifies
The run on Silicon Valley Bank’s deposits this month went far deeper than was initially known.
Lululemon shares jump as holiday-quarter sales surge
Lululemon’s quarterly results beat Wall Street’s expectations, sending shares higher.
Walgreens revenue rises despite sharp decline in demand for Covid tests, vaccines
Walgreens‘ quarterly results topped Wall Street’s expectations, even as profit declined from a year earlier.
Stocks making the biggest moves before the bell: Alibaba, Lyft, Walgreens and more
Alibaba shares jumped after the e-commerce giant said it would split its company into six separate business groups.
‚Be very vigilant‘: Bank of England chief says the market is testing banks to identify weakness
Bank of England Governor Andrew Bailey on Tuesday vowed to be „very vigilant“ amid ongoing volatility.
This is not another banking crisis, analysts say — it’s ’sentiment contagion‘ instead
Friday’s plunge in Deutsche Bank’s share price — despite relatively strong capital and liquidity positions — left many market watchers confounded.