Stockmarket News - LeadStory

VIEWEDNOW PLAYINGGLOBAL

UBS posts first quarterly loss in six years

UBS posted its first quarterly loss in almost six years, as the ongoing absorption of Credit Suisse drags on the Swiss lender's performance. The Zurich-based bank said it had a net loss of $785 million for the three months to September, ...

Bloomberg

VIEWEDNOW PLAYING

WeWork prepares to file for Chapter 11 bankruptcy

WeWork Inc. is preparing to file for bankruptcy as soon as next week, according to people with knowledge of the matter.

Bloomberg

VIEWEDNOW PLAYING

Tesla valuation falls $145 billion on low demand

Tesla Inc. shares have dropped roughly 20% since the company reported third-quarter results less than two weeks ago, amid growing concerns that demand for electric cars is starting to weaken.

Bloomberg

VIEWEDNOW PLAYINGGLOBAL

Tech giants expected to deliver huge growth numbers

With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech. Names including Amazon, Google and Microsoft all repo...

Bloomberg

VIEWEDNOW PLAYING

Novo Nordisk halts successful Ozempic trial

Novo Nordisk is halting a study which looked at the impact of its blockbuster Ozempic drug on kidney failure after it showed effectiveness surprisingly early.

Bloomberg

VIEWEDNOW PLAYING

Tesla misses third quarter delivery expectations

Tesla shipped 435,059 cars globally in the third quarter, as factory downtime led to its first delivery decline in more than a year. The results, posted Monday, missed expectations, causing the stock to dip 2%.

Bloomberg

VIEWEDNOW PLAYING

Sunak losing would be best for UK, investors say

A Labour-led government after the next UK election would be the best result for stocks and the pound, according to a new Bloomberg survey that shows the ruling Conservatives have failed to win back the faith of global investors a year af...

Bloomberg

VIEWEDNOW PLAYING

Instacart shares surge 43% on IPO

Online grocery delivery business Instacart jumped as much as 43% in its trading debut, adding momentum to a rebound for initial public offerings. Shares opened for trading at $42 each after selling for $30 at the top of the range. Bloomb...

Bloomberg

VIEWEDNOW PLAYING

How generative AI could change Wall Street

Jan Szilagyi, co-founder and chief executive officer of Toggle AI, a generative artificial intelligence fintech startup that uses machine learning to turn institutional-grade data into insights for investors, discusses what generative an...

Bloomberg

VIEWEDNOW PLAYINGBREAKING

Musk warns of more blows to Tesla's profitability

Tesla's CEO warned warned of more hits to the carmaker's already-shrinking profitability, and that it will have to keep lowering the prices of its EVs if interest rates continue to rise. Defiance ETFs CIO Sylvia Jablonski joins Caroline ...

Bloomberg

VIEWEDNOW PLAYING

BlackRock bets big on artificial intelligence

BlackRock International Global Chief Investment Strategist Wei Li discusses the firm's midyear report and bullish call for artificial intelligence related assets on "Bloomberg Surveillance."

Bloomberg

VIEWEDNOW PLAYING

Impact of AI on the economy

Nigel Vaz, CEO of Publicis Sapient, a leading digital consultancy that helps JPMorgan, Walmart, McDonald's and Marriott transform digitally, joins Caroline Hyde and Ed Ludlow to discuss the impact of generative AI on the economy, and how...

Bloomberg

VIEWEDNOW PLAYINGBREAKINGGLOBAL

Apple shares hit all-time high

Apple Inc. set a fresh all-time high on Monday ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks.

Bloomberg

VIEWEDNOW PLAYINGBREAKING

Ailing First Republic Bank acquired by JP Morgan

JP Morgan Chase & Co. has won the bidding war for First Republic Bank, acquiring the ailing business after rescue efforts failed to undo the damage from wrong-way investments.

Bloomberg

VIEWEDNOW PLAYINGBREAKING

Federal Reserve expected to hike rates yet again

The Fed is expected to raise rates again this week by 25 basis points. That would be the 10the straight increase since March of last year. Bloomberg's Mike McKee reports on what Wall Street is expecting.

Bloomberg

VIEWEDNOW PLAYINGBREAKING

Another U.S bank 'on the brink'

US bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank a move that may curb the troubled firm's access to Federal Reserve lending facilities.

Bloomberg

VIEWEDNOW PLAYINGBREAKING

Google 'panic' over Samsung search defection

Samsung's reported decision to switch its default device search engine to Microsoft's Bing has sparked 'panic' at Google, as the tech giant grapples with a growing loss of market share. Shares in its parent company Alphabet plummeted aft...

CNBC

VIEWEDNOW PLAYING

Cramer on First Citizens buying SVB

CNBC's Jim Cramer discusses the fallout from the Silicon Valley Bank implosion and how to trade shares of First Citizens after it stepped forward to buy the collapsed bank.

CNBC

VIEWEDNOW PLAYING

First Citizens deal sparks bank rally

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade. Shares of regional banks rallied on the news.

Bloomberg

VIEWEDNOW PLAYINGGLOBAL

Deutsche Bank & Credit Suisse: The difference

Deutsche Bank AG became the latest focus of the banking turmoil in Europe as ongoing concern about the industry amid a slowing economy sent its shares plunging. Bloomberg's Steven Arons explains the differences between Deutsche Bank and ...

Bloomberg

VIEWEDNOW PLAYINGBREAKINGGLOBAL

Fears Deutsche Bank is the next to fall

Silicon Valley Bank, Credit Suisse, First Republic. After weeks of turmoil, the biggest enemy facing banks right now could be fear itself. On Friday, shares of Germany's biggest bank started falling in a way most analysts said was irrati...

Bloomberg

VIEWEDNOW PLAYINGGLOBAL

Global central banks band together to prevent crisis

Global central banks have banded together to reassure world markets and prevent the spread of the banking crisis that started with the collapse of two regional U.S. banks earlier this month from spreading.

CBC News

VIEWEDNOW PLAYING

First Republic Bank shares hit all-time low

Even though most regional bank shares rallied Monday, First Republic Bank is having trouble. Shares hit an all-time intraday low. Herman Chan of Bloomberg Intelligence explains.

Bloomberg

VIEWEDNOW PLAYING

Central Banks pour money into nervous market

Central banks in Europe and the UK have injected significant capital into the market to avert a repeat of the crisis seen in the United States, where a series of banks have collapsed. The deal serves as a buffer to ease tensions in globa...

EuroNews

VIEWEDNOW PLAYINGBREAKING

UBS to acquire rival bank Credit Suisse

Switzerland’s government has fast-tracked approval for the country’s largest bank, UBS, to take over its ailing rival Credit Suisse to prevent a banking crisis. Experts say it’s a reflection of tough financial times.

CBC News

VIEWEDNOW PLAYINGGLOBAL

What Does the UBS-CS Deal Mean for the Bond Market?

Bob Michele, chief investment officer of fixed income at J.P. Morgan Asset Management, discusses UBS Group AG's agreement to buy Credit Suisse Group AG, the implications for bond markets and the banking industry.

Bloomberg

VIEWEDNOW PLAYINGGLOBAL

UBS in talks to buy Credit Suisse

A merger of UBS Group AG with Credit Suisse Group AG is "plan A" for Swiss regulators seeking to shore up confidence in the nation's banking system, the Financial Times reported.

Bloomberg

VIEWEDNOW PLAYING

Market fears more banking turmoil

A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled U.S lender's shares showed investors were still worried about cracks in the sector.

France 24

VIEWEDNOW PLAYINGGLOBAL

UBS, Credit Suisse Don't Want to Merge

UBS Group AG and Credit Suisse Group AG are opposed to a forced combination, even as scenario planning for a government-orchestrated tie-up continues, according to people with knowledge of the matter.

Bloomberg

VIEWEDNOW PLAYINGGLOBAL

Credit Suisse Looks for Stability as Bonds Sink

Credit Suisse Group AG's woes deepened on Thursday, with the cost to insure the bank's debt against default rising as its bonds fell deeper into distress.

Bloomberg