Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Credit Suisse tumbles as shares face rout

Published

on

The Bank has faced a series of scandals, and large capital outflows

Shares in European lenders tumbled again, dashing hopes that the storm had passed.

Credit Suisse was leading the way lower.

The embattled Swiss bank saw its shares fall over 20%.

It’s faced a long series of scandals, and seen huge outflows of capital.

This week it admitted to finding “material weaknesses” in its past financial reporting.

Its top investor, Saudi National Bank, said it couldn’t put in any more money.

The turmoil for the sector comes after the collapse of tech-focused lender Silicon Valley Bank.

U.S. regulators have tried to assure depositors that any cash held there, or in other banks, remains safe.

There’s now also talk of tighter regulation for lenders.

But contagion fears have pummelled stocks for the whole sector.

They also pose a dilemma for central bankers.

The U.S. Federal Reserve had been expected to hike rates again to tackle stubbornly high inflation.

But some market watchers think those plans may now have to be revised for fear of sparking deeper trouble for banks.

Continue Reading

Money

Why the meme-stock frenzy is unlikely to repeat

Published

on

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Continue Reading

Money

Why are airlines after the Biden Administration?

Published

on

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Continue Reading

Money

The mounting pressure on Government spends

Published

on

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

Continue Reading

Trending Now