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Market News

Location American Market News for 16 March 2023

Microsoft Can't Afford Turbulence From New Copilot

Wall Street Journal - 16 Mar 2023 20:05
New AI software could revolutionize Office apps, but stakes are much higher.
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Can Your Money Pass a Stress Test? Lessons From SVB's Collapse

Wall Street Journal - 16 Mar 2023 16:00
Financial advisers say it pays to prepare for the worst-case scenario.
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Credit Suisse Will Borrow Up to 50 Billion Swiss Francs

Wall Street Journal - 16 Mar 2023 03:57
Option to raise funds from Swiss central bank aims to strengthen liquidity.
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What's Going on With First Republic Bank?

Wall Street Journal - 16 Mar 2023 21:57
The San Francisco lender is under scrutiny by uninsured depositors across the banking system.
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A rescue of First Republic by big banks wouldn't put to bed emerging questions about the banking system.
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First Republic Bank Insiders Dumped $12 Million In Stock Before 70% Collapse Just one First Republic executive bought the company's stock this year, while insiders such as its CEO and executive chairman sold shares in the two months preceding the stock's collapse.
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First Republic Stock Crashes But Bounces Back As Big Banks Unveil $30 Billion Rescue Plan The influx of uninsured deposits from the U.S.' largest banks may save First Republic from collapsing.
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Why Is Credit Suisse in Trouble?

Wall Street Journal - 16 Mar 2023 21:47
Here's what you need to know about the turmoil at Switzerland's second-largest bank by assets and what might happen next.
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Tiger Global Writes Down Venture Funds' Bets by 33%

Wall Street Journal - 16 Mar 2023 20:39
The markdowns in 2022 erased $23 billion in value from its portfolio of startups.
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How many more interest rate hikes can we expect from the Reserve Bank? It is the latest inflation data that shapes expectations on RBI's rate action
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What's the tax liability for taking out funds from two PF accounts? If the employee changes his job and transfers his EPF account from the old employer to a new one, then the period of previous employment would be included in computing the period of continuous service.
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'Eventually, we want to pivot to a financial marketplace' In an interview with Mint, Chandok spoke about how ICICI Securities has been on the path to widen its product basket and customer base, and reduce the impact from the cyclical nature of equity broking business. Edited ex...
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Credit Suisse Stock Bounces With $54m Lifeline From Swiss National Bank The banking whirlwind hasn't stopped for days, with Credit Suisse stock dropping 24.24% on Wednesday after their biggest shareholder, the Saudi National Bank, announced that they wouldn't be providing any additional cash...
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Mortgage Rates Drop As U.S. Bank Failures Compress Bond Yields Two U.S. bank failures sent Wall Street investors scurrying into bonds this week, providing the real estate industry with an unexpected boon on the brink of its busiest season: the lowest mortgage rates in three weeks.
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Microsoft Stock Rallies As Next Generation ChatGPT-4 Is Released Microsoft is a major equity partner of OpenAI, the company who has created ChatGPT, and their stock price has gained 6.5% so far this week.
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The beleaguered lender is working on various potential options to shore itself up including a capital raise.
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Goldman Sachs 'Loves' Snowflake As It Inks $2.5 Billion AWS Deal Analogous to what Amazon did with AWS, Goldman Sachs is offering its internal financial markets data to clients. This could help boost Snowflake stock.
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Yellen Says Banking System Healthy After SVB Collapse

Wall Street Journal - 16 Mar 2023 16:33
The Treasury secretary told lawmakers that bank regulators' depositor rescue plan has stemmed fallout from the panic.
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First Republic Stock Crashes To All-Time Low: What To Know About The Latest Bank On The Brink The San Francisco-based regional bank's 30% nosedive Thursday sent First Republic stock to its lowest price in its 13-year history.
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Panic Abates at Credit Suisse. Now Comes the Hard Part.

Wall Street Journal - 16 Mar 2023 15:17
The embattled bank's move to tap emergency central-bank funds shows how little room for error there is in Chief Executive Ulrich Koerner's complex turnaround plan.
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There Is a Cost to Moral Hazard

Wall Street Journal - 16 Mar 2023 15:06
The popular view that bank depositors can't police how their banks behave is both right and horribly wrong.
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Caterpillar Stock Appears To Be A Better Pick Over This Pharmaceuticals Giant We compare their current multiples with the historical ones in the sections below Looking at stock returns, LLY stock has fared better, with a 19% rise in the last twelve months, compared to a 4% rise for CAT and an 8% d...
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