A recap of Wednesday’s best stock picks on CNBC.
Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results
Growth in Adobe’s digital media business is driving higher profit expectations.
Stocks making the biggest moves after hours: Credit Suisse, Adobe, UiPath and more
These are the stocks posting the largest moves in after hours trading.
Long-awaited Fed digital payment system to launch in July
FedNow creates “a leading-edge payments system that is resilient, adaptive, and accessible,” said Richmond Fed President Tom Barkin.
The Club’s recession-resistant retail stocks won’t be hurt by a ‘more reluctant’ U.S. consumer
American shoppers dramatically reined in spending in February compared with the start of the year, amid persistently high inflation.
Swiss National Bank says it will provide Credit Suisse with liquidity if necessary
The SNB said Wednesday that Credit Suisse is currently well capitalized but that the central bank will provide additional liquidity if necessary.
An odd benefit of the Silvergate fallout is the outlook for stablecoins has just gotten rosier
Stablecoins have been touted as one of the biggest beneficiaries the recent bank closures. Congress may be friendlier to them than other crypto assets.
Trump extends lead over DeSantis in new poll of possible GOP primary field
DeSantis, who has not yet announced his widely expected presidential campaign, has recently come under fire from Trump and other presidential contenders.
In client call, SVB’s new CEO urges clients to bring funds back to the bank
Silicon Valley Bank’s new CEO Tim Mayopoulos pitched venture and startup clients hard to help keep the bank alive in a 30-minute call.
A new CFPB report reveals the credit habits of ‘buy now, pay later’ users—here’s what you need to know
“Buy now, pay later” can be a powerful tool, but you have to treat it with care.