LONDON—European markets rebounded on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender Credit Suisse teed traders up for an European Central Bank interest rate decision later. Credit Suisse’s shares leapt more than 20 percent and the main European indexes and Swiss franc all rose around 1 percent in early trading,…
ECB Rate Hike Expected After Switzerland Backs Credit Suisse
March 16, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
Wall Street Falls on New Bank Fears, Bond Yields Plunge
NEW YORK—Markets shuddered Wednesday on worries about a spreading banking crisis and how badly it will hit the economy, and stocks and bond yields fell on both sides of the Atlantic. The S&P 500 sank as much as 2.1 percent before ending the day with a loss of 0.7 percent, while markets in Europe fell…
H&M Slips Out of Fashion as 1st-Quarter Sales Lag
STOCKHOLM—H&M, the world’s second-biggest fashion retailer, reported on Wednesday a smaller-than-expected increase in sales in the latest sign it is struggling to compete with Zara-owner Inditex. Shares in H&M were down 6 percent in early trade, underperforming the wider Swedish market. The Swedish group said sales measured in local currencies for the period, its fiscal…
Wall Street Opens Lower as Credit Suisse Renews Bank Worries
Wall Street’s main indexes opened lower on Wednesday as turbulence at Credit Suisse renewed fears of a banking crisis, while U.S. economic data kept alive hopes of a less aggressive monetary policy move by the Federal Reserve next week. The Dow Jones Industrial Average fell 395.53 points, or 1.23 percent, at the open to 31,759.87….
Credit Suisse Woes Knock Euro, Sterling, Swiss Franc
LONDON—European currencies fell sharply on Wednesday after Credit Suisse’s tumble to a new low renewed worries about the European banking sector following Silicon Valley Bank’s collapse. Credit Suisse shares fell around 20 percent after its biggest investors said it could not provide more backing. The Swiss lender woes led the wider European banking index to…
Oil Slips as Banking Fears Return, Offsetting China Demand Hopes
March 15, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil extended losses on Wednesday as unease over Credit Suisse spooked world markets, offsetting hopes of a Chinese oil demand recovery. Early signs of a return to calm and stability faded after Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance, sending its shares and broader European stocks…
Credit Suisse Unease Sparks Fresh Selloff in World Stocks
March 15, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—Renewed unease gripped world markets on Wednesday as news that Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance sent its shares and broader European shares sliding once more. Signs of calm and stability in banking stocks, that have tanked in the past week, following the collapse of…
Wall Street Climbs as Some Beaten-Down Bank Stocks Recover
Stocks ended broadly higher on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reversed course. The S&P 500 rose 1.7 percent after a report showed inflation is still high but heading lower. Stocks of smaller and mid-sized banks recovered some of their prior plunges caused by worries that customers…
Tyson Foods to Shut 2 US Chicken Plants With Nearly 1,700 Workers
March 14, 2023
admin
ArkansasBusiness & MarketschickenCompanieseconomyFoodsMarketsplantsRegional & State NewsState NewsstocksTysonUSUS NewsVirginia
0 Comment
CHICAGO—Tyson Foods Inc. will close two U.S. chicken plants with almost 1,700 employees on May 12, the company said on Tuesday. The closures show that the biggest U.S. meat company by sales is still trying to figure out how to improve its chicken segment that has struggled for years. Tyson Foods will shut a plant…
Wall Street Opens Higher as Inflation Data Boosts Smaller Rate-Hike Bets
Wall Street’s main indexes opened higher on Tuesday after consumer prices in the world’s largest economy grew in line with expectations, bolstering bets of a small interest rate hike by the Federal Reserve at its next meeting. The Dow Jones Industrial Average rose 236.15 points, or 0.74 percent, at the open to 32,055.29. The S&P…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`