Credit Suisse Saudi Backer Sheds $7 Billion Over Stake Deal
Investors wiped about $7 billion off Saudi National Bank’s market value amid growing concern over lender’s plans to purchase stake in Credit Suisse.
Investors wiped about $7 billion off Saudi National Bank’s market value amid growing concern over lender’s plans to purchase stake in Credit Suisse.
Key indicator of US stocks is close to flashing a “buy” signal, supporting bulls who have pushed equities higher in the run-up to Fed meeting.
Major US tech and internet stocks have tumbled. It hasn’t deterred retail investors from scooping up beaten-down shares, according to Vanda Research.
S&P 500 reversed 1% gain in violent session right before Fed Reserve meeting, turbulence fed a trading frenzy in options that expire within 24 hours.
Why the world-renowned Wharton professor remains optimistic about today’s stock market.
Central banks bought a record amount of gold last quarter as they diversified foreign-currency reserves, with a large chunk of the purchases.
Billions of dollars in arbitrage capital is looking for a new home after Elon Musk finally closed his $44 billion deal to buy Twitter Inc.