Oil prices recover on short-covering, U.S. debt ceiling fears weighOil markets saw a slight rebound in early Asian trade on Friday, as traders covered their short positions ahead of the weekend; however, ga...
12 May, 2023, 07.52 AM IST
Dow, S&P 500 fall with Disney; PacWest leads regional banks lowerShares of Walt Disney Co fell 8.7% on Thursday after the company reported that total subscribers to its flagship Disney+ service decreased,...
12 May, 2023, 07.48 AM IST
Dow has best day since Jan 6 after Apple rally, jobs dataApple's quarterly results also cheered investors worried about a potential recession. The iPhone maker's shares hit their highest level in ...
06 May, 2023, 08.26 AM IST
Dow jumps over 450 points as investors cheer upbeat Apple earningsApple Inc gained 4.4% on better-than-expected results, helped by strong iPhone sales and notable inroads in India and other newer markets, ...
05 May, 2023, 08.47 PM IST
Gold set for weekly gain on bets of Fed pauseGold prices remained unchanged on Friday, but the precious metal was on track for its biggest weekly gain in two months due to hopes of a h...
05 May, 2023, 08.07 AM IST
Oil heads for third straight weekly loss as economic worries persistOil prices remained steady on Friday, but were preparing for their third consecutive week of losses as fears over a weakening US economy an...
05 May, 2023, 07.58 AM IST
US stock market: S&P 500, Dow end down as PacWest fuels fears of deeper bank crisisShares in regional banks decreased, and fears about the health of US lenders intensified, sending Wall Street lower on 22 April. The KBW Re...
05 May, 2023, 07.57 AM IST
Dalal Street indices climb to 2023 peakThe Sensex ended at a four-and-a-half month high of 61,749.25, up 555.95 points, or 0.91%, from Wednesday's close. The Nifty advanced 165.9...
05 May, 2023, 06.46 AM IST
PacWest, Western Alliance stocks plunge as US regional banking woes worsenFirst Republic's collapse, the third major casualty of the biggest crisis to hit the U.S. banking sector since 2008, rekindled a slide in s...
05 May, 2023, 12.57 AM IST
US stocks open lower as PacWest woes offset Fed optimismThe Dow Jones Industrial Average fell 66.46 points, or 0.20%, at the open to 33,347.78
04 May, 2023, 07.09 PM IST
Asian shares nervous about Fed pivot and banking sectorPacWest Bancorp reported financial difficulties, reminding investors of the precarious health of US regional banks. Although the Fed raised...
04 May, 2023, 07.54 AM IST
PacWest, Western Alliance shares tumble as US regional bank fears persistJPMorgan Chase agreed on Monday to acquire a majority of First Republic's assets in a $10.6 billion deal after regulators seized the lender...
03 May, 2023, 08.11 AM IST
Lessons to learn from Silicon Valley Bank’s Collapse for investorsWhile the contagion risk of SVB’s fallout has been avoided for the time being, there are some lessons we can take away from this episode.
21 Mar, 2023, 06.23 PM IST
First Republic shares tumble again as liquidity worries linger; peers reboundShares of First Republic Bank extended a recent slump on Monday with a 15% drop, after a report the regional bank could raise more money fa...
20 Mar, 2023, 10.01 PM IST
SVB Financial seeks bankruptcy protection for reorganisationThe plan to seek bankruptcy protection comes after the tech lender said on March 13 it was planning to explore strategic alternatives for i...
17 Mar, 2023, 06.22 PM IST
Regional US banks slammed by fear of a broader financial crisisBanks of various sizes in different parts of the USA - from San Francisco-based First Republic Bank to Salt Lake City-based Zions Bank - fo...
14 Mar, 2023, 07.03 AM IST
Regulators urged to find Silicon Valley Bank buyer as industry frets about falloutThe Federal Deposit Insurance Corporation (FDIC), which was appointed receiver, was trying to find another bank over the weekend that was w...
12 Mar, 2023, 11.23 AM IST