Micron Technology headquarters in Boise, Idaho on March 28, 2021. Jeremy Erickson | Bloomberg | Getty Images Check out the companies making headlines on Tuesday at noon. PagSeguro – Shares jumped 5.3% after Citi upgraded Brazilian payment stock to buy from neutral. The company called the company’s fourth quarter results unsurprising and said it was … Read more
The surge in deposits moving from small banks to large institutions, including JPMorgan Chase and Wells Fargo, has slowed to a trickle in recent days, CNBC has learned. Deposit flight, which has rocked global markets and forced regulators to intervene to protect bank customers, began to improve around March 16, people with knowledge of the … Read more
It’s not just regional bank stocks that have been hit by the recent banking crisis – large-cap bank stocks have also fallen. But some analysts believe the drop is overdone and retail investors flocked to buy the drop in the biggest traditional US banks last week. Still, there may be more room to run. JPMorgan … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 16, 2023. Brendan McDermid | Reuters Here are the most important information investors need to start their trading day: It looks like the major stock averages could come out on top this week, on pace with a winning week … Read more
Having multiple credit cards and playing the rewards game can save you hundreds of dollars every year – if you’re smart about how you use the cards. “The big fork in the road is whether or not you have a balance,” said Ted Rossman, principal analyst at Bankrate.com and Creditcards.com. “I think you should use … Read more
The launch of ChatGPT started a wave of tech companies looking to integrate generative AI into their products and apps. Salesforce is rolling out a new product that uses OpenAI’s advanced AI models to help salespeople, customer service workers, developers and others remove mundane tasks from their workday. According to Clara Shih, CEO of Salesforce … Read more
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 9, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Check out the companies making the biggest moves at midday: Rivian Automotive – Shares fell 12% after the electric vehicle maker announced it would sell $1.3 billion … Read more
