UBS (UBS), the bank that bought Credit Suisse for about $3 billion, fell 0.9% after being downgraded to Hold from Buy by Jefferies analysts. Activision Blizzard (ATVI) rose 5.9% after the UK Competition and Markets Authority said it no longer feared Microsoft (MSFT) would use its $68.7 billion deal to video game maker hooks Call … Read more
Last updated: March 24, 2023 at 5:39 a.m. ET First published: March 24, 2023 at 5:10 a.m. ET Shares of Deutsche Bank tumbled on Friday, putting the health of another global systemically important bank in the spotlight ahead of the weekend. Shares of German lender XE:DBK fell 8% in Frankfurt trade and the Euro Stoxx … Read more
Nvidia Corp. is in a unique position to benefit from what is being called an artificial intelligence revolution, analysts say, as the chipmaker’s stock hit its best winning streak since 2007 on Wednesday. At Nvidia NVDA annual GTC developer conference, the gaming chip specialist has rolled out a slew of hardware and software products designed … Read more
Shares of GameStop Corp. jumped 48% in Tuesday’s extended session after the specialty retailer reported a surprise quarterly profit and sales above Wall Street expectations. The retailer is “aggressively focused on improving year-over-year profitability while pursuing pragmatic long-term growth,” Chief Executive Matt Furlong said on the company’s call after the results. GameStop EMG earned $48.2 … Read more
First Republic Bank worked overtime on Sunday to reassure customers it was safe to operate after the collapse of Silicon Valley Bank last week sparked fears of contagion in the banking sector. But its stock plunged nearly 50% ahead of Monday’s open despite attempts to reassure customers of the strength of its business. Early Sunday … Read more