Snap stock (NYSE: SNAP) stock rose over 3% yesterday and has outperformed the markets over the last couple of weeks. Growing scrutiny of TikTok in the US and Snap’s new AR enterprise solution has been driving the stock higher. Yesterday,...
The US Fed raised its policy rates by 25 basis points yesterday. US stocks whipsawed but eventually major indices closed with losses of over 1.5%. After the 25-basis point rate hike, the Fed raised interest rates to 4.75-5.0%. At the...
US government bond prices rallied on Wednesday after the Federal Reserve signalled it was close to the end of its cycle of interest rate increases.The US central bank on Wednesday lifted its benchmark interest rate by 0.25 percentage points to...
Meme stock darling GameStop (NYSE: GME) is trading sharply higher in US premarket price action today after reporting a surprise profit for the fourth quarter of the fiscal year 2022. Is a short squeeze coming? GameStop reported revenues of $2.23...
UBS has agreed to buy Credit Suisse for $3.2 billion in a deal that had the blessings of Swiss regulators. Amid the banking crisis, agencies have been scrambling to instill confidence in the banking system. Over the weekend there were...
An explosion of volatility in US Treasuries following the collapse of Silicon Valley Bank has provided the sternest test of a market that underpins much of the global financial system since a dramatic meltdown in the early stages of the...
On Monday this week, the most important market in the world went, to use the technical term, completely bananas. Government bonds have a habit of rallying when the going gets tough, which it indisputably did when Silicon Valley Bank imploded....
Investors have funnelled cash to US money market funds over the past week amid concerns over the safety of some bank deposits after the collapse of two large lenders.The funds had more than $120bn of net inflows in the week...
The market volatility triggered by the failure of three banks in the past week has spooked traders in economically vital US mortgage-backed securities, leaving other lenders, usually important buyers, on the sidelines. The $11tn market for bundles of US home...
The next Fed meeting is scheduled for March 21-22. While on multiple occasions the US central bank has said that it is “data dependent” it might also factor in the troubles in the banking sector during the rate hike decision....
