In 2022, the fintech world took a beating, with some of the world’s most richly valued companies seeing their valuations slashed. But innovation is still happening — with a vengeance. Oscar Wong | Moment | Getty Images CNBC and independent research firm Statista are working together to identify the world’s top fintech companies, to be … Read more
Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse’s implosion. Sven Hoppe | Picture Alliance | Getty Images Gold prices have more room to run as global banks struggle and the U.S. Federal Reserve renders another interest rate decision, potentially … Read more
Key Points “We believe it is time to turn overweight on Growth stocks in Asia/EM again,” Morgan Stanley strategists said in a note. Morgan Stanley forecasts Hong Kong’s Hang Seng Index to gain another 28% from current levels by the end of this year and China’s CSI 300 to gain another 14% Morgan Stanley strategists … Read more
Some traders are using the recent pullback in financial stocks to scoop up shares of what they call quality names at bargain prices. That includes Charles Schwab , down 23% this month, as turmoil rocks the broader financial sector, especially hitting regional banks. But Hightower Advisors’ chief investment strategist and portfolio manager Stephanie Link is … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Markets moving higher Emerson Electric gets an upgrade Morgan Stanley endorses Meta 1. Markets moving higher Stocks moved higher Tuesday morning after Treasury Secretary Janet Yellen said the government is … Read more
As investors start preparing for the end of the bear market, Morgan Stanley has identified a number of stocks it expects to outperform once the next bull market begins. The Wall Street investment bank is anticipating a stronger earnings picture in 2024. It also sees several potential cyclical and secular catalysts of the next bull … Read more
In the aftermath of Credit Suisse‘s takeover by UBS, many investors lost out. But one group felt particularly left behind after their investments: AT1 bond holders, who saw their 16 billion Swiss francs ($17 billion) worth of assets wiped out. AT1 bonds would be written to zero as part of the deal between Credit Suisse … Read more
A sign of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. Fabrice Coffrini | AFP | Getty Images A number of Credit Suisse bondholders said Tuesday that they were considering legal action after $17 billion of the bank’s additional tier-one (AT1) bonds were wiped out as part of its … Read more
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen was scheduled to speak Tuesday morning to the American Bankers Association conference in Washington, D.C. related investing news Top analyst Betsy Graseck says get defensive with … Read more
An employee gets into his car after arriving to work to a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images The collapse of Silicon Valley Bank was a “Lehman moment” for the technology industry, according to a top Goldman Sachs … Read more