Aaronp/bauer-griffin | Gc Images | Getty Images Check out the companies making the biggest moves midday: Netflix — The streaming giant’s stock climbed 8.5% following a report from YipitData that said the company’s gross additions in Canada have improved. YipitData wasn’t immediately available to comment on the report. Block — Shares plunged 14% after short…
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Coinbase — Shares of the cryptocurrency trading app dropped more than 11% in premarket trading after…
Axel Lehmann, chairman of Credit Suisse Group AG, Colm Kelleher, chairman of UBS Group AG, Karin Keller-Sutter, Switzerland’s finance minister, Alain Berset, Switzerland’s president, Thomas Jordan, president of the Swiss National Bank (SNB), Marlene Amstad, chairperson of the Swiss Financial Market Supervisory Authority (FINMA), left to right, during a news conference in Bern, Switzerland, on…
A major Wall Street firm is ranking financial instability over inflation as the biggest economic risk for the next three months. In an interview following the Federal Reserve’s quarter point interest rate hike, Wells Fargo Securities’ Michael Schumacher suggested policymakers are underestimating how quickly tightening credit conditions could hurt the economy. “The Fed is not…
All Coinbase Japan customers will have until Feb. 16 to withdraw their fiat and crypto holdings, the company said in a blog post. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in extended trading. Steelcase — Shares of the office furniture company jumped nearly 6% on Wednesday evening following a strong…
Federal Reserve Chairman Jerome Powell signaled that financial conditions may be tighter than they appear , and market pros took that to mean there could be less rate hiking from the Fed. But it also signaled to markets that the economy could be hit harder by fallout from regional bank worries and tighter financial conditions,…
First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California. Tayfun Coskun | Anadolu Agency | Getty Images Regional bank stocks spiraled lower Wednesday as investors weighed the Federal Reserve’s latest interest rate hike and commentary about the health of U.S. financial institutions. The SPDR S&P Regional Bank ETF (KRE) closed…
United States Federal Reserve building, Washington D.C. Lance Nelson | The Image Bank | Getty Images The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation battle, according to its median forecast released Wednesday. The Fed kept the “terminal rate,” or the rate at which…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Feb. 1. The notable changes include a shift away from “ongoing increases” to the policy rate to “some additional firming,” as well as saying that the “U.S. banking system is sound and resilient.” Text removed from the February…
The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters Check out the companies making headlines in midday trading. Nvidia — Nvidia shares gained nearly 3% midday, building on their recent outperformance. Wall Street analysts lauded the company’s artificial intelligence leadership following its…
