Economy

Credit Suisse Chair Quits Over Covid Breach by First American News

Credit Suisse Chairman António Horta-Osório Quits Over Covid Breach. The Stock Is Down.

First American News LLC: Raleigh, NC:  Credit Suisse Chairman António Horta-Osório has resigned just nine months into the role after breaching Covid-19 quarantine rules. His abrupt departure follows an internal investigation commissioned by the board, Credit Suisse said Monday in a statement. It named board member Axel Lehmann, a former UBS (ticker: UBS) executive, as …

Credit Suisse Chairman António Horta-Osório Quits Over Covid Breach. The Stock Is Down. Read More »

warren buffet by first american news

Warren Buffett missed out on $10 billion in gains by dumping Wells Fargo stock — but he probably doesn’t regret cashing out

First American News LLC: Raleigh, NC:  Warren Buffett’s Berkshire Hathaway missed out on about $10 billion of gains by dumping its Wells Fargo stock in 2020 and early 2021. The famed investor’s company-owned 346 million Wells Fargo shares at the end of 2019, giving it an 8.4% stake in the bank. Berkshire virtually eliminated that …

Warren Buffett missed out on $10 billion in gains by dumping Wells Fargo stock — but he probably doesn’t regret cashing out Read More »

Hong-Kong-suspends-transit-flights-BY-FIRST-AMERICAN-NEWS

Hong Kong suspends transit flights for a month from most of the world due to Covid-19

First American News LLC, Raleigh, NC: Hong Kong will suspend transit flights for a month from around 150 countries and territories considered high risk because of the coronavirus, deepening the global financial hub’s isolation. The move comes as the city has seen around 50 cases of the fast-spreading Omicron variant since the end of last …

Hong Kong suspends transit flights for a month from most of the world due to Covid-19 Read More »

Barrons-subs-by-first-american-news

Tech Stocks Slipped as Bond Yields Spiked, Bitcoin Dipped—and What Else Happened in the Stock Market Today

First American News LLC, Raleigh, NC: Technology stocks sold off again as bond yields spiked Friday, after the release of the December jobs report. Markets remain confident that the Federal Reserve will act rather quickly to lift interest rates. The Dow Jones Industrial Average was essentially flat and closed down just 5 points, after the …

Tech Stocks Slipped as Bond Yields Spiked, Bitcoin Dipped—and What Else Happened in the Stock Market Today Read More »

job applicants by first american news llc

U.S. Jobs Report Shows Gains Slowed to 199,000 in December

First American News LLC, Raleigh, NC: Hiring slowed in December in a sign the economic recovery was moderating ahead of disruptions from the Omicron variant of Covid-19, though declining unemployment and robust wage growth indicate employers are poised to steadily add jobs this year. More: Sign up today for WSJ and Barrons combo package for …

U.S. Jobs Report Shows Gains Slowed to 199,000 in December Read More »

stocks kicked 2022 off at records by First American News

Stocks Started The Year Strong – Pfizer and Nikola Back In News

First American News LLC: Raleigh, NC: Pfizer and Nikola are back again in the news reporting positive numbers. Pfizer (PFE) – The drug maker’s shares gained 1.5% in the premarket following a Bank of America upgrade to “buy” from “neutral”. The upgrade is based on factors that include the rollout of the oral Covid-19 pill …

Stocks Started The Year Strong – Pfizer and Nikola Back In News Read More »

tesla 2022 strong start by first american news

Tesla Has Started The Year Strong With Record Deliveries of Tesla Cars

First American News LLC: Raleigh, NC: Strong Start. Tesla is off to a strong start to the new year. The electric-car maker smashed its quarterly record for deliveries in what one analyst called a “trophy-case” performance. The company’s shares surged on Monday, adding $144 billion in market value, in their biggest gain since March and …

Tesla Has Started The Year Strong With Record Deliveries of Tesla Cars Read More »

Shopping Cart