Shares of the company known as Silicon Valley Bank extended their big slide from Thursday.
Schlagwort-Archiv: Markets
Silicon Valley Bank drops another 60% and is halted, as pressure mounts on banking sector
Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.
European banking stocks sink as Silicon Valley Bank jitters spread
European banking stocks sold off sharply Friday as jitters surrounding U.S. bank SVB Financial — which plunged 60% Thursday — spread around the world.
Consumer spending in China isn’t surging back yet, companies say
China has yet to see a strong rebound in consumer spending, according to major companies.
Stocks making the biggest moves after hours: SVB Financial, Oracle, Gap and more
These are the stocks posting the largest moves in postmarket trading.
Oracle shares sink nearly 5% after third-quarter revenue miss
Oracle reported fiscal third quarter 2023 revenue that missed analyst expecations.
Gap announces big loss, declining sales and executive shakeup
Gap’s fiscal fourth quarter results fell short of Wall Street’s expectations.
Allbirds admits missteps, unveils new strategy after brutal holiday quarter
Footwear retailer Allbirds had a disappointing holiday quarter and failed to post year-over-year sales growth for the first time in its history.
Ulta posts strong holiday quarter as shoppers squeeze makeup into their budgets
Ulta sales have benefited from the overall resilience of the beauty category as shoppers budget for affordable luxuries like makeup and wellness products.
Want a risk-free 5% return? How to buy a 3-month Treasury
Even the most boring investments are exciting as yields on short-term Treasurys pop.