Новости за 20.03.2023

The Federal Reserve will either pause interest rates or hike rates by 25 basis points at its meeting Wednesday. Here are the pros and cons of each move.

‘He is opposed to marriage because he understandably doesn’t want to lose half of his wealth for a second time.’

Ferrari NV RACE said late Monday that its Italian subsidiary was victim of a “ransom demand” related to client contact details. The company contacted authorities and engaged a “leading” cybersecurity firm to start an investigation, it said. Clients were informed of the potential data exposure, the legendary car maker said. “We have worked with third-party experts to further reinforce our systems and are confident in their resilience,” it said. “We can also confirm the breach has had no impact... Читать дальше...

Crane Holdings Co. CR said late Monday the financing part of its goal to split into two publicly traded companies has been secured. The credit agreements will provide an aggregate principal amount of $1.65 billion in new syndicated revolving credit and loan facilities for Crane Co. and the Crane Holdings Co., which will be renamed Crane NXT Co. The split is expected to be completed in early April. The new financing will ensure that the two companies “will each have strong and flexible balance sheets... Читать дальше...

Silvergate Capital Corp. SI on Monday said it had received a letter from the New York Stock Exchange notifying the company that it had breached the exchange’s listing standards after the bank failed to file its 2022 annual report in a timely manner. The company, the parent of the crypto-friendly Silvergate Bank, said it received the letter on March 17, not long after it said it intended to wind down operations and liquidate the bank. The company on Monday said it needed more time to complete tasks related to filing the report — a 10-K form. Читать дальше...

Why the S&P 500 can be expected to bottom in April or May and post a double-digit gain by March 2024.

Sam Altman, chief executive of OpenAI, the company that created ChatGPT, sounded some alarms in a recent interview with ABC News.

Insiders at B. Riley have signaled confidence in their investment bank in the wake of the SVB crisis, scooping up more than $2.6 million in stock in aggregate.

Fed-funds futures traders are boosting the odds of a quarter-point rate hike in May, following an anticipated move of a similar size in two days.

SLR Investment Corp. SLRC late Monday said that, following a “thorough review,” the failures of Silicon Valley Bank and Signature Bank won’t impact the company’s operations. “We have concluded that these bank issues should not have a material adverse effect on the financial performance, portfolio credit quality, or liquidity position of the company.” Shares of SLR Investment rose 2% in the extended session Monday after ending the regular trading day up 0.4%.

Stanley Black & Decker Inc. SWK on Monday announced moves to consolidate or discontinue facility operations in some parts of the country, potentially affecting more than 300 employees in one way or another. The moves by the tool maker, part of an effort to save money, include transferring its Cheraw, S.C., operations to its facilities in Jackson and Gallatin, Tenn., and discontinuing operations in Fort Worth, Texas. “These actions will impact 175 employees at the Texas facility and 182 employees in South Carolina... Читать дальше...

While buyers have a lot less competition to deal with today than during the pandemic, there simply aren’t that many options.

Florida Gov. Ron DeSantis is seen as a likely candidate for the 2024 GOP presidential nomination and would have to square off against Trump in a primary.

First Republic Bank's stock continued its slide as U.S. banks rose. Credit Suisse weighed on banks after deal, while sales of Signature and SVB moved ahead.

U.S. stocks end higher as Credit Suisse deal eases fears ahead of Fed meeting

U.S. stocks ended higher Monday, kicking the week off with gains led by the blue-chip gauge Dow Jones Industrial Average ahead of the Federal Reserve’s meeting this week. The Dow Jones Industrial Average DJIA rose more than 350 points to close 1.2% higher, while the S&P 500 SPX gained 0.9% and the technology-heavy Nasdaq Composite COMP climbed 0.4%, according to preliminary data from FactSet. The Fed’s two-day policy meeting begins Tuesday, with many investors expecting the central bank to... Читать дальше...

The Biden White House expressed confidence on Monday in how Federal Reserve Chairman Jerome Powell is helping to handle the banking crisis. When asked if President Joe Biden thinks that Powell’s stewardship of recent events puts the Fed chief at risk of losing his position, White House press secretary Karine Jean-Pierre said: “No, not at all. The president has confidence in Jerome Powell.”

All three major U.S. stock indexes were off their session highs, though still trading higher in the final hour of Monday’s session as investors focused on the positive aspects of UBS’s agreement to buy troubled rival Credit Suisse. Dow industrials were up more 300 points, or 1%, while the S&P 500 gained 0.7% and the Nasdaq Composite was 0.2% higher. The Dow had finished Friday’s session with its second straight week of losses, down by 47.66 points or almost 0.2% for last week.

Oil prices gave up early Monday losses to finish higher, recouping part of last week’s sharp losses. U.S. oil prices had broken down out of the 2023 trading range to reach multi-year lows last week, with “contagion fears stemming from the first bank failures since the Great Financial Crisis triggered massive volatility and significant risk-off money flows early last week,” said Tyler Richey, co-editor at Sevens Report Research. However, there is technical support for West Texas Intermediate crude... Читать дальше...

First Citizens Bancshares FCNCA on Sunday offered to buy all of Silicon Valley Bank, Bloomberg reported. The bank, which has acquired 20 failed banks since 2009, may also participate in auctions taking place this week for parts of the bank by the Federal Deposit Insurance Corp. (FDIC), said the report, which cited people familiar with the situation. A First Citizens spokesperson declined to comment to Bloomberg and did not immediately reply to an email from MarketWatch. First Citizens stock is... Читать дальше...

S&P Global Ratings revised its outlook on UBS UBS to negative on Monday, and said it expects the integration of large parts of Credit Suisse’s CS investment banking activities to carry material execution risk. The rating agency affirmed UBS’ A- issuer credit rating. The move comes after UBS agreed to take over Credit Suisse on Sunday in a move brokered by the Swiss government and central bank. “We believe that UBS’ management will prudently execute the CS integration and, due to the very... Читать дальше...

Jason Sudeikis, who plays the title character in the Apple TV+ AAPL comedy “Ted Lasso,” emphasized the importance of mental health during a White House press briefing on Monday. “I truly believe that we should all do our best to help take care of each other. That’s my own personal belief,” Sudeikis said. President Joe Biden and first lady Jill Biden are welcoming Sudeikis and other “Ted Lasso” cast members to discuss mental health, according to the White House.

Shares of NRG Energy Inc. NRG shot up 6.0% in afternoon trading Monday, enough to pace the S&P 500’s SPX advancers after BofA Securities turned bullish on the fossil and nuclear fuel production company, citing valuation in the wake of the closing of the Vivint Smart Home Inc. acquisition and improvement in retail fundamentals. BofA analysts Julien Dumoulin-Smith and Paul Zimbardo raised their rating on NRG to buy from neutral, and lifted the stock price target to $39 from $35. After the $5.2 billion Vivint deal closed on March 10... Читать дальше...

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Gold futures climbed on Monday to settle at their highest in about 11 months, with the precious metal getting a boost as a haven investment on growing concerns surrounding the banking crisis. Gold has been rallying “in part because of heightened uncertainty over the traditional banking system over the past couple of weeks or so, as well as safe haven demand boosting the appeal of precious metals,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. Gold for April delivery GCJ23 rose $9.30... Читать дальше...