Storm-battered California is facing another strong Atmospheric River Event as a powerful nor’easter was already disrupting travel early Tuesday in the Northeast, forecasters said.
Wells Fargo says buy this regional bank stock that has been ‘thrown out with the bathwater,’ sees nearly 150% upside
The firm reiterated its overweight rating on the stock, while lowering its price target to $65 from $90. Still, the new price target implies 148.9% upside.
Regional banks are still vulnerable even with Fed on alert, Jim Cramer says
Investors dodged a major bullet with SVB and the regional bank fallout, thanks to timely intervention from federal regulators, CNBC’s Jim Cramer said.
Ukraine war live updates: Russian plane collides with U.S. drone; Poland may send fighter jets to Ukraine
President Volodymyr Zelenskyy insisted his forces must win the battle for Bakhmut as doubts continue over whether Ukraine should continue defending the city.
Credit Suisse shares sink 5% as ‘material weaknesses’ found in financial reporting
Credit Suisse said its net asset outflows had “not yet reversed,” and that “material weaknesses” were identified in its financial reporting processes.
As global stocks fall, Asia-Pacific’s benchmark index erases all of its gains for 2023
Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.
Volkswagen announces five-year $193 billion investment plan as electrification gathers pace
More than two thirds of Volkswagen’s planned five-year investment will target “electrification and digitalization.”
SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say
Industry experts are optimistic that fundraising for Southeast Asian tech startups will keep flowing and won’t be impacted by the collapse of SVB.
The U.S. stock market keeps beating Europe in new listings. And it’s no fluke
There are two main reasons why U.S. stock markets are more attractive for new listings, analysts said.
Citi says Europe’s banks are unlikely to face SVB-like issues and names 3 top picks
European banks have less deposit concentration, are seeing healthy deposit flows and remain well capitalized, Citi’s analysts said.