Just when you thought things were starting to calm down with recent news of bailouts and bidders to support the 2nd largest bank failure in history, this happened yesterday morning: To you, this may seem like yet another reason to give up on ever trying to get a handle on…
Newell Brands Inc.’s NWL, -1.01% credit rating was downgraded to “junk” status by S&P Global Ratings, which cited deteriorating credit metrics coupled with weaker demand for its products, and the company’s prioritizing of shareholder returns over debt reduction. Shares of the consumer brands company, with brands including Sharpie, Paper Mate…
Gold futures climbed on Monday to settle at their highest in about 11 months, with the precious metal getting a boost as a haven investment on growing concerns surrounding the banking crisis. Gold has been rallying “in part because of heightened uncertainty over the traditional banking system over the past…
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No. 16 seed Fairleigh Dickinson University shocked the world when it beat no. 1 seed Purdue last week in March Madness. It was just the second time in tournament history that a No. 16 seed beat a top seed. One gambler seemed to see the upset coming and made nearly…
Here are some of the biggest movers on Monday with banks again in focus, after Swiss authorities forced the takeover of Swiss bank Credit Suisse by its peer UBS. Stock gainers: New York Community Bancorp Inc. seems to have got a good deal in buying the assets of failed Signature…
CHAPEL HILL. N.C. (MarketWatch) — When it comes to dividends, more isn’t always better: A company isn’t necessarily more attractive just because it pays a higher dividend.That is the clear lesson I draw from the dividend-oriented newsletter with the best long-term record among the 200 services in the Hulbert Financial…
CHAPEL HILL, N.C. (MarketWatch) — Nothing so well illustrates Wall Street’s dangerously exuberant state of mind as its triple-digit rally in the wake of Larry Summers withdrawing from consideration to be the next Federal Reserve chairman. Do you really believe the outlook for corporate earnings suddenly became much brighter just…
“ ‘Our world needs climate action on all fronts — everything, everywhere, all at once.’” — U.N. Secretary-General Antonio Guterres That’s the plea in the latest science-driven update on global warming from the United Nations, as the organization’s secretary-general, Antonio Guterres, connected the scope of the issue and the billions…
U.S. stocks resumed their rally in Monday afternoon trading as investors looked favorably upon the latest efforts to stave off a global banking crisis ahead of this week’s Federal Reserve interest-rate decision.What’s happening The Dow Jones Industrial Average DJIA, +1.02% rose 366 points, or 1.2%, to 32,228. The S&P 500…