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Tech stocks rally during the banking turmoil
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The banking turmoil in the U.S. spread to Europe on Wednesday in the form of Credit Suisse. But tech stocks aren't influenced by what's happening in the banking system.
The stock market rally attempt had a strong session, reversing higher from earlier lows. The Nasdaq led the way, fueled by big caps such as $Apple(AAPL.US)$ , $Microsoft(MSFT.US)$ , $Advanced Micro Devices(AMD.US)$ and $NVIDIA(NVDA.US)$ . Some of them have seen five consecutive daily green candles.
Can these tech giants be insulated from the problems of the banking chaos
The stock market rally attempt had a strong session, reversing higher from earlier lows. The Nasdaq led the way, fueled by big caps such as $Apple(AAPL.US)$ , $Microsoft(MSFT.US)$ , $Advanced Micro Devices(AMD.US)$ and $NVIDIA(NVDA.US)$ . Some of them have seen five consecutive daily green candles.
Can these tech giants be insulated from the problems of the banking chaos
The banking turmoil in the U.S. spread to Europe on Wednesday in the form of Credit Suisse. But tech stocks aren't influenced by what's happening in the banking system.
The stock market rally attempt had a strong session, reversing higher from earlier lows. The Nasdaq led the way, fueled by big caps such as $Apple(AAPL.US)$ , $Microsoft(MSFT.US)$ , $Advanced Micro Devices(AMD.US)$ and $NVIDIA(NVDA.US)$ . Some of them have seen five consecutive daily green candles.
Can these tech giants be insulated from the problems of the banking chaos
The stock market rally attempt had a strong session, reversing higher from earlier lows. The Nasdaq led the way, fueled by big caps such as $Apple(AAPL.US)$ , $Microsoft(MSFT.US)$ , $Advanced Micro Devices(AMD.US)$ and $NVIDIA(NVDA.US)$ . Some of them have seen five consecutive daily green candles.
Can these tech giants be insulated from the problems of the banking chaos
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Big-name tech stocks are 'safety blanket' amid banking industry woes
With concerns about the banking markets multiplying by the day, it should be no surprise that investors are looking for areas of stability in the stock market. And for some, that stability could be in areas of the tech sector.
According to Wedbush analyst Dan Ives, technology stocks can currently provide a "safety blanket" for investors as "a game of musical chairs" continues to be played in the banking industry, and nerves acro...
According to Wedbush analyst Dan Ives, technology stocks can currently provide a "safety blanket" for investors as "a game of musical chairs" continues to be played in the banking industry, and nerves acro...
Amazon is laying off an additional 9,000 employees, adding to cuts that were already the largest round of firings in the company’s history.
Chief Executive Officer Andy Jassy announced the cuts internally Monday, saying they would occur in the coming weeks and primarily affect Amazon Web Services, human resources, advertising and the Twitch livestreaming service groups.
Recently, the company has completed nearly 18,000 layoffs, mainly in Amazon's recruiting and human resources teams, its sprawli...
Chief Executive Officer Andy Jassy announced the cuts internally Monday, saying they would occur in the coming weeks and primarily affect Amazon Web Services, human resources, advertising and the Twitch livestreaming service groups.
Recently, the company has completed nearly 18,000 layoffs, mainly in Amazon's recruiting and human resources teams, its sprawli...
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Amazon to lay off 9,000 more workers in addition to earlier cuts
$Amazon(AMZN.US$ Amazon will lay off 9,000 more employees in the coming weeks.
The cuts are on top of the 18,000 impacted from November to January. CEO Andy Jassi said it would impact AWS, HR, Advertising, and Twitch.
For context, 9,000 is < 1% of Amazon's workforce.
Amazon is undergoing the largest layoffs in company history after it went on a hiring spree during the Covid pandemic. The company's global workforce swelled to mo...
The cuts are on top of the 18,000 impacted from November to January. CEO Andy Jassi said it would impact AWS, HR, Advertising, and Twitch.
For context, 9,000 is < 1% of Amazon's workforce.
Amazon is undergoing the largest layoffs in company history after it went on a hiring spree during the Covid pandemic. The company's global workforce swelled to mo...
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FINMA: GOVERNMENT SUPPORT TO TRIGGER CS AT1 SHARES WRITE-DOWN
This will likely cause some mayhem.
You will start to see COCO and AT1 $Credit Suisse(CS.US$ bonds being talked about on Fintwit, but why are they important?
COCO and AT1 bonds:
Both bonds have the same idea in mind, they are designed to provide a buffer of loss-absorbing capital to banks and are meant to convert into equity or be written down if the bank's capital levels fall below a certain threshold.
•In general, bondholders ar...
This will likely cause some mayhem.
You will start to see COCO and AT1 $Credit Suisse(CS.US$ bonds being talked about on Fintwit, but why are they important?
COCO and AT1 bonds:
Both bonds have the same idea in mind, they are designed to provide a buffer of loss-absorbing capital to banks and are meant to convert into equity or be written down if the bank's capital levels fall below a certain threshold.
•In general, bondholders ar...
3
Could this be Warren Buffetts chance for a second big bank trade?
The last bank trade was a massive double digit billions trade!
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*BIDEN OFFICIALS TALKED WITH BUFFETT IN RECENT DAYS: SOURCES
*SENIOR BIDEN OFFICIALS IN TOUCH WITH BUFFETT ON BANKS
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THE BANKING TRADE
Buffett already had a massive trade within the banking industry.
In 2011 Berkshire invested $5 billion in Bank of America $Bank of America(BAC.US$ .
Bank of America was struggling with numerous legal issues in the wake of the subprime ...
—
*BIDEN OFFICIALS TALKED WITH BUFFETT IN RECENT DAYS: SOURCES
*SENIOR BIDEN OFFICIALS IN TOUCH WITH BUFFETT ON BANKS
—
THE BANKING TRADE
Buffett already had a massive trade within the banking industry.
In 2011 Berkshire invested $5 billion in Bank of America $Bank of America(BAC.US$ .
Bank of America was struggling with numerous legal issues in the wake of the subprime ...
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1
March 2008: Bear Stearns trades for $100 a share. Days later, it's bought for $2 a share.
March 2023: Credit Suisse trades for $3 a share. Says later, it's bought for $0.54 a share.
History doesn't repeat itself, but it does rhyme.
$Credit Suisse(CS.US$$S&P 500 index(.SPX.US$$SPDR S&P 500 ETF(SPY.US$
March 2023: Credit Suisse trades for $3 a share. Says later, it's bought for $0.54 a share.
History doesn't repeat itself, but it does rhyme.
$Credit Suisse(CS.US$$S&P 500 index(.SPX.US$$SPDR S&P 500 ETF(SPY.US$
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