Market reaction to Fed rate hike ‘almost always fake’

CNBC’s Jim Cramer said Friday that this week was the latest example of the market going crazy after a Federal Reserve meeting. But based on previous market reactions to the central bank’s previous rate hikes, this week’s activity may not prove to be very meaningful in the long run. The initial reaction to the Fed’s … Read more

Spire, Momentus face delisting warnings

Spire and Momentus received delisting warnings on Friday, according to the securities filings, as share prices of both companies traded below $1 per share. The companies have 180 days, or about six months, to get their share price back above $1 per share. Both companies noted the possibility of conducting a reverse stock split to … Read more

SQ, DB, GME, ATVI and more

Jack Dorsey, chief executive officer of Square Inc., second right, gives a tour of the floor of the New York Stock Exchange (NYSE) in New York, USA, on Thursday, November 19, 2015. Jana Paskova | Bloomberg | Getty Images Check out the companies making headlines during midday trading. Block — Shares lost nearly 3%, after … Read more

Illumina’s directors were given additional insurance to close the Grail deal

Carl Icahn speaks at Delivering Alpha in New York on September 13, 2016. David A Grogan | CNBC Carl Icahn claimed on Friday that Illumina’s directors were demanding additional personal liability insurance before the biotech company signed a $7.1 billion acquisition of cancer test developer Grail in 2021. The claim is the latest development in … Read more

Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads

UBS’ bailout of Credit Suisse, in the wake of the collapse of US-based Silicon Valley Bank, has sparked contagion concerns among investors. This was reinforced by further monetary policy tightening by the US Federal Reserve on Wednesday. Deutsche Bank underwent a multibillion-euro restructuring in recent years to reduce costs and improve profitability. Deutsche Bank achieved … Read more

BofA’s Hartnett sees commercial real estate as the ‘next shoe to drop’

According to Bank of America, commercial real estate could be the next dangerous spot in America’s shaky financial sector. A warning sign: Spreads for commercial mortgage-backed securities are widest since May 2020 compared to government bonds, according to investment strategist Michael Hartnett. “CRE is widely seen as the next shoe to drop as lending standards … Read more

Europe’s leaders are battling the banking crisis amid market losses

German Chancellor Olaf Scholz told reporters at an EU summit that Deutsche Bank is a profitable company with no cause for concern. French President Emmanuel Macron also told reporters in Brussels that the banking system is sound. Christine Lagarde, President of the European Central Bank, said the euro area is resilient because it has strong … Read more

Bitcoin Surges $30,000 in Sight. The weekend can bring some wild moves.

Bitcoin and other cryptocurrencies gained on Friday after a volatile but exuberant week. However, Saturday and Sunday lie ahead as a challenge for crypto traders, with a lack of liquidity in the markets likely to exacerbate price swings. Bitcoin’s price is up 1.5% in the last 24 hours to $28,100, bringing it back close to … Read more

Shares of Deutsche Bank are down 9% after a sudden spike in default insurance costs

Shares of the German lender retreated for a third straight day and have lost more than a fifth of their value so far this month. A logo can be seen above Deutsche Bank AG’s headquarters in the Aurora Business Park in Moscow, Russia. Andrei Rudakov | Bloomberg | Getty Images Shares of Deutsche Bank fell … Read more

Asian markets are largely down as investors weigh Yellen’s comments about banks

HKEX relaxes listing rules for ‘specialty technology’ companies Exchanges and clearing in Hong Kong announced relaxed listing rules for so-called “specialized technology companies”, including a lower requirement for research and development spending. The required minimum market capitalization for such companies will be 6 billion Hong Kong dollars ($764.4 million) – lower than the consultation proposal … Read more