Wall Street starts off with losses as investors process new job data

New York Investors on Wall Street start the new stock market week cautiously. The leading indices Dow Jones and S&P 500 lose 0.3 and 0.7 percent respectively in early trading on Easter Monday. The losses in the technology-heavy Nasdaq index are even greater – minus 1.2 percent. Heavyweights like Alphabet, Apple and Tesla are showing … Read more

UBS buys Credit Suisse for CHF 2 billion

Zurich, Frankfurt The struggle for the future of Credit Suisse is over: UBS takes over the second largest Swiss bank. The Swiss National Bank (SNB) is supporting the emergency merger with liquidity assistance amounting to CHF 100 billion, as the government, financial regulator and the two banks announced in a joint press conference. UBS pays … Read more

Short sellers make $15 billion betting against the stock

Düsseldorf The fall in the price TeslaShare is one of the biggest stories of fiscal 2022: Since the beginning of the year, shares in the electric car maker have lost almost two-thirds of their value, just before Christmas they reached their lowest level since September 2020 at $121.02. Tesla shares also fell again in early … Read more

US stock exchanges close slightly in the black – Tesla shares lose value again

Düsseldorf According to new economic data, the US stock exchanges closed slightly higher on the last trading day before Christmas. The Dow Jones index of standard values ​​closed 0.5 percent higher at 33,203 points on Friday. The tech-heavy Nasdaq advanced 0.2 percent to 10,497 points. The broad one S&P 500 increased 0.6 percent to 3844 … Read more

Wall Street closes sharply in the red – hopes of rate cuts dampened

Frankfurt Muted hopes of an end to US interest rate hikes continued to weigh on Wall Street. The Dow Jones lost 2.3 percent to 33,202 points. The tech-heavy Nasdaq fell 3.2 percent to 10,810 and the broader S&P 500 fell 2.5 percent to 3,895. Fed Chair Jerome Powell raised fears of a prolonged cycle of … Read more

Florida, Missouri and Louisiana siphon billions from BlackRock over ESG strategy

Blackrock The wealth manager is under pressure to focus more on ESG criteria. (Photo: Archyde.com) New York In the dispute over the ESG criteria of wealth managers, Florida has announced as another US state that it will withdraw funds from BlackRock. The chief financial officer responsible, Jimmy Patronis, justified the move on Thursday by saying … Read more

Fed Chair Powell unleashes price fireworks on Wall Street

New York It was the confirmation that many investors had hoped for: The US Federal Reserve (Fed) wants to slow down the pace of interest rate hikes, announced Fed Chairman Jerome Powell on Wednesday in a speech to the think tank Brookings. That could be appropriate as early as the upcoming mid-December meeting, Powell said. … Read more

Despite bankruptcy, Sam Bankman-Fried is looking for new investors

Sam Bankman-Fried The co-founder and CEO of the crypto exchange FTX is threatened with investigations by the public prosecutor. (Foto: Bloomberg/Getty Images) New York It would be a desperate maneuver: According to US media reports, the founder of the failed cryptocurrency exchange FTX, Sam Bankman-Fried, still believes he can raise enough money to compensate his users. … Read more