Text size Tesla’s debt rating has been upgraded to investment grade status by Moody’s. Saul Loeb/AFP via Getty Images Stock futures rose on Tuesday as turmoil in the banking sector stabilized and investors turned their attention to the Federal Reserve’s interest rate decision coming on Wednesday. These stocks were set to move on Tuesday: Bank…
Arrives within a week You’re here was a rotten credit rating at Moody’s, even though Tesla’s financial performance was much better by Moody’s own calculations. That changed Monday night after Moody’s upgraded its rating on the electric vehicle maker. Still, investors might wonder why the rating isn’t even higher. Elon Musk seems to be the…
JPMorgan Chase & Co. Chief Executive Jamie Dimon is working to raise additional capital for First Republic Bank, The Wall Street Journal reported Monday. JPMorgan Chase JPM, +0.43% CEO Dimon is leading the banks in a new drive to shore up First Republic Bank after helping lead a $30 billion placement in deposits with First…
Shares of Bed Bath & Beyond Inc. fell below the $1 level, a 30-year low on Monday, after the struggling home goods retailer said it plans to hold a special meeting at which shareholders would vote on whether to allow the company to complete a stock split, if its board decides to do so. The…
UBS’s purchase of troubled Credit Suisse gave U.S. banks little to no boost on Monday as worries about deposit flight and further bank failures weighed on the sector. US-listed share of Credit Suisse CS, -6.94% plunged 58% in premarket transactions, while UBS Group AG UBS, -5.50% fell 5.8% after UBS said it would pay $3.25…
Text size Shares of Credit Suisse plunged on Monday after the Swiss bank was taken over by arch-rival UBS. Fabrice Coffrini/AFP via Getty Images Equity futures fell on Monday after UBS’s deal to acquire Credit Suisse and central bank moves to improve dollar liquidity failed to bolster investor confidence in the system. global banking. These…
