Markets News page: 1

Bitcoin Edges Below $28K as Investors Weigh Deutsche Bank Contagion Fears

CoinDesk | 2023-03-24, 22:14

But the largest cryptocurrency by market capitalization is still up about 16% in March. Ether dropped below $1,800. ...

Jack Daniel’s returns to its roots with longer-aged whiskeys

Market Watch | 2023-03-24, 22:07

The bottles Jack Daniel’s 12-Year-Old Tennessee Whiskey, $80.00; Jack Daniel’s 10-Year-Old Tennessee Whiskey Batch 2, $70.00The back story Jack Daniel’s, the great name in American whiskey, has been in the news of late for something most bizarre — a Supreme

National feeder and stocker cattle report

no EC Capital Press | 2023-03-24, 22:05

NATIONAL FEEDER AND STOCKER CATTLE (Federal-State Market News) St. Joseph, Mo. March 20 RECEIPTS This Week Last Week Last Year 284,200 259,500 236,300 Compared to last week, feeder steers and heifers under 700 lbs sold very uneven form steady to 5.00 higher to

Wool and sheep price report

no EC Capital Press | 2023-03-24, 22:05

National Wool Review March 24 Domestic wool trading on a clean basis had no confirmed trades reported this week. National Sheep Summary March 10 Compared to last week: No update provided by USDA. Heavy slaughter lambs 7.00-9.00 higher, instances 15.00-20.00

Western U.S. milk and cream report

no EC Capital Press | 2023-03-24, 22:05

Fluid Milk and CreamWestern U.S. March 23 In California, farm level milk output is strong to steady in some parts of the state. In areas facing the regional challenges of flooding and overflowing rivers, farm level milk output is steady to lighter. Industry

Boss of embattled John Lewis makes it clear she is open to new investment as ...

The Daily Mail | 2023-03-24, 22:03

'Open to investment': Dame Sharon White The boss of embattled John Lewis has made it clear she is open to new investment as the partnership faces an existential crisis in a struggle for cash. Reports this week suggested John Lewis Partnership (JLP) was

Savers who pile money into crypto currencies should be prepared to lose everything, watchdogs warn

The Daily Mail | 2023-03-24, 22:03

Risky: Bitcoin is up around 70 per cent Savers who pile money into crypto currencies should be prepared to lose everything, watchdogs warned. City regulator the Financial Conduct Authority (FCA) said demand for digital coins such as bitcoin has

GlaxoSmithKline suffers blow after US judge rules against it in lawsuit relating to its heartburn ...

The Daily Mail | 2023-03-24, 22:03

GlaxoSmithKline suffered a blow after a US judge ruled against it in a lawsuit relating to its heartburn drug Zantac. The FTSE 100 pharmaceuticals group and several rivals, including Pfizer and Sanofi, have been at the centre of a legal storm concerning the

Mega-merger between Microsoft and Call Of Duty maker Activision likely to be waved through after ...

The Daily Mail | 2023-03-24, 22:03

The mega-merger between Microsoft and Call Of Duty maker Activision Blizzard looks likely to be waved through after regulators softened their concerns around the

Deutsche in eye of storm as banking shares dive: Major banks across Europe tumble as ...

The Daily Mail | 2023-03-24, 22:03

Major banks across Europe tumbled yesterday as another wave of panic hit the global financial sector. In the eye of the storm was German lender Deutsche Bank, which sank as much as 15 per cent after the cost of insuring its debt against default soared to a

MARKET REPORT: Wetherspoons provides a ray of light amid a sea of red on the ...

The Daily Mail | 2023-03-24, 22:03

Wetherspoons provided a ray of light amid a sea of red on the London stock market after it issued an upbeat trading statement. Outspoken boss Tim Martin warned 'ferocious' inflation has hit its pubs up and down the country. But Wetherspoons swung back into a

US stocks close higher as markets assess fresh bank woes and recession fears

Business Insider | 2023-03-24, 21:58

TIMOTHY A. CLARY / Getty US stocks ended higher Friday, capping off a week of Fed moves and more bank fears. The 2-year and 10-year Treasury yields both notched their lowest levels in six months. Deutsche Bank stock plunged as a new round of bank jitters hit

Markets Tell Fed to Cut Rates Before Bank Crisis Triggers U.S. Recession

no EC Marietta Daily Journal | 2023-03-24, 21:58

Regional lenders are crucial for U.S. economic growth and markets want Fed support before the bank crisis triggers a near-term recession. ...

Softbank to merge with AI robotics company in which it had invested

Market Watch | 2023-03-24, 21:49

SoftBank Group Corp. 9984, +0.24% plans to buy the remaining portion of AI and robotics developer Berkshire Grey Inc. BGRY, -4.20% that it doesn’t already own in a roughly $375 million

Centene Stock Is Way Down. The CEO Moves to Buy Shares of the Health Insurer.

Market Watch | 2023-03-24, 21:49

Health insurer Centene’s stock is down 27% in the past 12 months. CEO Sarah London sees an opportunity. Dreamstime.com With shares of Centene struggling, the health insurer’s chief executive scooped up company stock. Centene (ticker: CNC), trading recently at

Berkshire Grey Shares Rise 16% After Merger Deal With SoftBank Group

Market Watch | 2023-03-24, 21:49

By Stephen Nakrosis Shares of Berkshire Grey, Inc. were trading higher in Friday's after-hours market following news the company it agreed

Biden says he doesn’t see anything ‘about to explode’ in banking sector

Market Watch | 2023-03-24, 21:49

President Joe Biden on Friday called U.S. banks in “pretty good shape,” but said it would take time for things to “calm down” in the industry after the failures of two institutions.

Gwyneth Paltrow takes the stand in trial over 2016 ski collision

Market Watch | 2023-03-24, 21:34

PARK CITY, Utah (AP) — “I didn’t engage in risky behavior. I wouldn’t with my children there or without my children there,” Paltrow said when asked about a 2016 ski collision. Gwyneth Paltrow took the stand on Friday to testify in a trial over a ski crash at a

Health Care Up on Defensive Demand -- Health Care Roundup

Market Watch | 2023-03-24, 21:34

Health-care companies rallied as traders rotated

Iovance Biotherapeutics Up After Hours, Lifileucel Application Submission Completed

Market Watch | 2023-03-24, 21:34

By Stephen Nakrosis Iovance Biotherapeutics, Inc. rose 10.31% to $6.10 in after-hours trading Friday after the company completed its

Industrials Up on Rate-Cut Hopes -- Industrials Roundup

Market Watch | 2023-03-24, 21:34

Shares of industrial and transportation companies rose after mixed factory data, and amid hopes that the Federal Reserve will soon shift rate policy. Durable goods orders fell 1% in February because of reduced demand for cars, planes

Materials Up as Investors Assess Financial-System Risks -- Materials Roundup

Market Watch | 2023-03-24, 21:34

Producers of metals and other raw materials rose, recouping some of their recent losses, as investors assessed the risk of a banking crisis spreading. Cyclical sectors initially

Utilities Rally on Defensive Bias -- Utilities Roundup

Market Watch | 2023-03-24, 21:34

Shares of power producers rallied as traders rotated back into the defensive

Tech Up Slightly on Growth Optimism -- Tech Roundup

Market Watch | 2023-03-24, 21:34

Shares of technology companies ticked up amid optimism about growth in the sector. The appetite for risk has rebounded somewhat

Financials Down Slightly as Deutsche Bank Slips -- Financials Roundup

Market Watch | 2023-03-24, 21:33

Shares of banks and other financial institutions slipped slightly as worries about a wave of bank failures percolated. Banks initially plunged after a spike in the value of Deutsche Bank credit-default swaps, the instruments for insuring investors against

Consumer Cos Down on Retreat from Credit-Sensitive Sectors -- Consumer Roundup

Market Watch | 2023-03-24, 21:33

Retailers and other consumer companies fell as traders retreated from sectors that could be

Charles Schwab Stock Got Hit in the Bank Mess. Be Careful.

Market Watch | 2023-03-24, 21:33

As Silicon Valley Bank imploded and shares of regional banks tumbled earlier this month, investors ramped up their scrutiny of Charles Schwab —and sent shares spiraling downward. Executives, including founder Chuck Schwab, acted quickly to reassure investors.

After the Bank Crisis Clears, Consolidation Looms

Market Watch | 2023-03-24, 21:33

Dreamstime Expect to see more consolidation in the banking industry amid the latest bit of tumult in the sector—just not right away. Already, we’ve seen government-led acquisitions of Credit Suisse by UBS (UBS) as well as much of what was Signature Bank by New


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