Category: Market Summary
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Market News: SVP Crisis, FirstGroup Raises Profit Guidance, BP CEO’s Pay Doubles, Disney+ to Raise Prices
SVB Financial Group Seeks Fresh Capital SVB Financial Group has seen shares drop 44% to $58.91 in premarket trading on Friday as it rushes to raise fresh capital. The sell-off comes after the company revealed it would book a $1.8 billion after-tax loss on sales of investments and seek to raise $2.25 billion by selling…
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Economic News: Wall Street Futures Up, Bond Market Gains
Wall Street Futures Up Wall Street is expected to see a positive start to the day’s trading as the US employment market reports stronger-than-anticipated growth, and wage growth slows down, boosting the Federal Bank’s confidence in raising interest rates by only 0.25% this month. The yield on American government bonds continues to fall, while…