Bank execs blame panicked depositors for Silicon Valley, Signature failures, but senators blame them
May 16, 2023 GMTNEW YORK (AP) — Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday, instead using their time to assign blame to events they said were largely out of their control.
OMAHA, Neb. (AP) — Investor Warren Buffett's company bought another $127 million worth of Occidental Petroleum stock over the past week to give Berkshire Hathaway 213.9 million shares of the oil producer.
How major US stock indexes fared Wednesday 4/5/2023
April 5, 2023 GMTStocks closed lower on Wall Street Wednesday and Treasury yields fell following the latest signals that the U.S. economy is slowing.
The S&P 500 slid 0.2% and the Nasdaq lost 1.1%.
Reports on both services industries and the jobs market came in weaker than expected.
Stocks rally to cap a winning month, quarter for Wall Street
March 31, 2023 GMTNEW YORK (AP) — Stocks rallied Friday to close out a winning March and first quarter of the year, feats that looked questionable just a couple weeks ago when Wall Street was tumbling in turmoil.
The S&P 500 rose 1.4% to cap a 3.5% gain for the month.
Asian shares mostly rise on relief over US bank strength
March 28, 2023 GMTTOKYO (AP) — Asian shares were mostly higher on Tuesday as investors got some relief from worries over troubled U.S. banks with a planned takeover of failed Silicon Valley Bank.
Japan's benchmark Nikkei 225 lost 0.1% to 27,456.98.
Asian shares fall on banking turmoil, recession worries
March 24, 2023 GMTBANGKOK (AP) — Shares fell Friday in Asia as worries over turmoil in the banking sector and recession risks overshadowed gains on Wall Street.
Benchmarks declined in most major markets, while U.S.
GameStop leads meme stock rally in pandemic trade comeback
March 22, 2023 GMTMeme stocks jumped Wednesday after GameStop, one of the most heavily traded off-brand stocks during the pandemic, posted a surprise profit for the fourth quarter, its first quarterly profit in two years.
After last year’s stunning failure, bonds show up for safety
March 17, 2023 GMTNEW YORK (AP) — Suddenly, bonds are again living up to their reputation as the safe part of an investor’s portfolio.
As stocks sank worldwide over the last week on worries about the banking system following the second- and third-largest U.S.
La-Z-Boy, Wingstop rise; CoStar Group, ZipRecruiter fall
February 22, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Palo Alto Networks Inc., up $20.86 to $187.75.
The security software maker reported strong fiscal second-quarter financial results.
Ford, Starbucks fall; Clorox, Gilead Sciences rise
February 3, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Ford Motor Co., down $1.09 to $13.12.
The automaker reported disappointing fourth-quarter earnings and said its costs are too high.
Discover, Allstate fall; Comerica, InterDigital rise
January 19, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:
Discover Financial Services Inc., down 44 cents to $101.90.
The credit card issuer and lender expects an increase in net charge-offs in 2023.
Big Tech’s drop means more balance for S&P 500, 401(k)s
January 12, 2023 GMTNEW YORK (AP) — The biggest companies have less of a stranglehold on the stock market — and likely on your 401(k).
The 10 most valuable U.S. stocks now account for less than a quarter of the S&P 500, 24.4%.
S&P 500 closes out dismal year with worst loss since 2008
December 31, 2022 GMTWall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008.
The benchmark index finished with a loss of 19.4% for 2022, or 18.1%, including dividends.
Asian shares extend losses after Wall Street decline
December 29, 2022 GMTBANGKOK (AP) — Shares slipped in Asia on Thursday after benchmarks fell more than 1% on Wall Street in the middle of a mostly quiet and holiday-shortened week.
How major US stock indexes fared Wednesday 12/28/2022
December 28, 2022 GMTStocks are closing lower on Wall Street as investors count down to the end of the worst year for the S&P 500 since 2008.
The benchmark S&P 500 fell 1.2% Wednesday. The Dow Jones Industrial Average and the technology heavy Nasdaq composite also lost ground.
How major US stock indexes fared Tuesday 12/27/2022
December 27, 2022 GMTStocks closed lower Tuesday afternoon after the long holiday weekend, adding to the market’s recent losses as Wall Street counts down its final days of a painful year for investors.
A slide in technology companies, automakers and airlines weighed on the market, offsetting gains in energy stocks and other sectors.