Investing
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Manchester United takeover drama continues as billionaire Jim Ratcliffe submits revised bid
British billionaire Sir Jim Ratcliffe has submitted a revised bid for Manchester United, his representatives have confirmed to MarketWatch Friday. The soccer world is awaiting news on the rival bids for the famous club, which has been owned by the American Glazer family since 2005. Shares of operator Manchester United Ltd. MANU, +6.19% rose 1% premarket…
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Deutsche Bank shares slump in latest sign of bank worries
Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend. The German lender’s shares DBK, -9.92% fell 10% in Frankfurt trade, and the Euro Stoxx bank index SX7E, -4.22% fell 5%. Deutsche Bank’s 5-year credit-default swaps widened on Thursday, in what Reuters reported…
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‘It feels like a lose-lose’: I have a $10 million net worth. My father-in-law has dementia. Am I responsible for my in-laws if they run out of money?
I’m happily married to my wife of 20 years. I am by no means a financial expert, but I do know more than the average investor. I do, however, worry about my in-laws. Unfortunately, my father-in-law has serious dementia and will probably need care soon. I’ve asked my mother-in-law to let me review their finances. They…
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Who is Alvin Bragg, the Manhattan D.A. who may be set to bring charges against Donald Trump?
Alvin Bragg has been criticized by some for being soft on crime, but he may turn out to be very tough on one person: Donald Trump. The 49-year-old Manhattan district attorney is reportedly ready to shake the national political firmament by bringing criminal charges against the former president as soon as this week for his…
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U.S stocks end modestly higher in choppy trade as investors reassess bank stability, Fed rate path
U.S. stocks finished higher in volatile trading on Thursday, clawing back some of the Wednesday’s selloff as investors attempted to shake off concerns about banking-sector stability and the impact of an expected credit crunch. The Dow fell 530 points on Wednesday as Treasury Secretary Janet Yellen’s remark that her department hadn’t discussed blanket protections for…
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2-year Treasury yield plunges to lowest level of year amid focus on banking fallout
Most yields on U.S. government debt plunged on Thursday as investors and analysts focused on the potential for wider fallout emanating from the banking sector. What happened The yield on the 2-year Treasury TMUBMUSD02Y, 3.783% fell 16.9 basis points to 3.808% from 3.977% on Wednesday. Thursday’s level is the lowest since Sept. 14, based on…
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‘We were in an extremely fragile state.’ Swiss National Bank President says Credit Suisse takeover averted a bigger financial crisis.
““We were in an extremely fragile environment where we had this banking crisis in the United States and enormous nervousness of financial markets in general.” ” — Thomas Jordan That was Swiss National Bank chair Thomas Jordan, defending the decision by the country’s authorities to push for a takeover of Credit Suisse AG CS, -4.71%…
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Gold futures settle at a more than 1-year high as Fed signals only one more rate hike to come
Gold futures settled Thursday at a more than one-year high, after touching a high above $2,000 an ounce, finding support from declines in U.S. Treasury yields and weakness in the dollar. Moves for the market followed the Federal Reserve’s 25 basis-point interest-rate hike announced Wednesday, as the central bank’s Chairman Jerome Powell and his colleagues…
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Former crypto CEO Do Kwon reported arrested in Montenegro says country’s Minister of Interior
Do Kwon, the former CEO of Terraform Labs, which issued a crashed stablecoin, has allegedly been arrested in Montenegro, according to the country’s Minister of Interior, Filip Adzec, who tweeted about it on Thursday morning. “The former “cryptocurrency king”, who is behind losses of more than 40 billion dollars, was detained at the Podgorica airport…
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Block’s stock tumbles after short seller issues report
U.S. short seller Hindenburg Research touted Block Inc. as its latest bearish target Thursday. Shares of the company, which is the parent of Square and the Cash App, were down about 17% shortly after Thursday’s open. Block’s stock SQ, -15.24% was on track for its largest single-day percentage decline since March 16, 2020, when it…