Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility.
Morgan Stanley names its favorite stocks in tech — and gives one nearly 60% upside
CNBC Pro takes a look at three of the bank’s top picks, including one in the semiconductor sector and a big internet name.
Snap stock surges on report that Biden may ban TikTok
Shares in U.S. social media firms Snap and Meta jumped after a report indicated that the Biden Administration could ban TikTok.
As bank crisis spreads, Cramer says the Fed may need to take drastic measures
CNBC’s Jim Cramer on Wednesday said the Federal Reserve may need to take drastic measures, which could be “fantastic” for your portfolio.
Judge appears sympathetic to abortion pill challenge in consequential Texas hearing
Judge Matthew Kacsmaryk said he’d issue his decision “as soon as possible” about a request to ban the drug mifepristone while the trial proceeds.
Google ends enterprise sales of Google Glass, its augmented reality smartglasses
It’s the end of the line for Google Glass, one of the first — and most-recognized — smart glasses products from a big tech company.
Stocks close higher, Dow jumps more than 300 points as banks step in to aid First Republic: Live updates
Bank stocks remained a focus of investors as concerns of a crisis in the sector swirled.
‘Big Short’ investor Steve Eisman says if the Fed is scared to raise rates, you should be scared, too
Steve Eisman said if the spreading banking crisis stops the Federal Reserve from raising interest rates next week, investors should be fazed by that.
Virgin Orbit pauses operations for a week, furloughs nearly entire staff as it seeks funding
Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for a funding lifeline.
Stripe slashes valuation to $50 billion in new $6.5 billion funding round
Payment processor Stripe raised $6.5 billion, largely to provide liquidity to current and former employees, but at a sharply discounted $50 billion valuation.