WEFIRE

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[WEFIRE @CrystalRozz]

BREAKING NEWS🏦 : First Republic jumps more than 20%
#FirstRepublic led a comeback rally in regional bank shares Tuesday, as investors hoped for some sort of strategic action by the troubled bank. It shares soared 22% in Tuesday premarket trading. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS🚗 : Dodge resurrects controversial Challenger SRT Demon
#Dodge is resurrecting its controversial muscle car model, the Challenger SRT Demon, with a final special edition of the vehicle before production ends on the brand’s current V8 engine cars later. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS : Amazon’s post-Bezos experiment hasn’t gone exactly as planned
#Amazon CEO Andy Jassy’s tenure has been marred by slowing growth, a tumbling stock price and multiple rounds of job cuts. Jassy announced an additional 9,000 job cuts on Monday. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS🧓 : Next year’s increase may not be as large
An 8.7% #SocialSecurity cost-of-living adjustment for 2023 means beneficiaries received on average $140 per month more starting in January. But benefits may not increase as much next year. #WEFIRE #retirement

[WEFIRE @CrystalRozz]

BREAKING NEWS☕ : New Starbucks CEO takes over early
#Starbucks on Monday said that Laxman Narasimhan has become CEO, nearly two weeks earlier than expected. He’ll lead the coffee giant’s annual shareholder meeting, marking his first public address as its chief executive. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS : Swiss rollup
#Swiss banking giant #UBS agreed to buy its struggling rival Credit Suisse for about $3.2 billion on Sunday, in what’s become the most dramatic development yet in the banking crisis that started earlier this month. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS🏦 : First Republic hit with credit downgrade
#FirstRepublic shares took a hit Monday morning following another downgrade from Standard & Poor’s, which had already lowered the bank’s credit status to junk. It’s #stock had already fallen about 80% this month. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS : Next up for Signature and SVB
The two bank failures that kicked off the crisis continue to ripple through the U.S. finance. Flagstar Bank would take over large chunks of #SignatureBank. FDIC planned to relaunch an auction process for what’s left of #SVB. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS : #CreditSuisse sheds another 12% as traders digest emergency liquidity
The bank’s stock started sliding earlier in the week after the Saudi National Bank revealed it would not provide the bank with any more cash due to regulatory requirements. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS : FedEx delivers
#FedEx shares shot up in off-hours trading after the company delivered an upbeat full-year earnings forecast and a quarterly report that showed its cost-cutting efforts are bearing fruit.  #WEFIRE

[WEFIRE @CrystalRozz]

BREAKNG NEWS : First Republic’s lifeboat
A group of 11 financial institutions has offered regional bank #FirstRepublic — among the worst hit by the cascading fallout from recent bank failures — a lifeboat in the form of $30 billion in deposits to shore up its holdings. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS🏦 : SVB Financial seeks bankruptcy protection
#SVB Financial Group said it filed for a court-supervised reorganization to seek buyers for its assets, days after its former unit Silicon Valley Bank was taken over by U.S. regulators. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS : Snap stock surges on report that Biden may ban TikTok
#Snap shares surged nearly 8% to $11.15 while #Meta shares rose a little over 3% to $203.49. #TiKTok faces a possible ban in the U.S. if ByteDance fails to comply with the Biden Administration’s proposition.

[WEFIRE @CrystalRozz]

BREAKING NEWS : A #recession could come sooner
#WallStreet has been debating whether the economy is heading into a recession. The rapid moves in markets after regional bank failures in the U.S. has some strategists expecting a contraction in the economy to come sooner. #WEFIRE

[WEFIRE @CrystalRozz]

Where wealthy investors are putting their cash after #SVB collapse❓
Wealthy #investors and family offices are moving more of their money out of bank cash-balances and into treasuries, money markets and other short-term instruments, according to wealth advisors. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS🏦 : Credit Suisse shares soar over 30% on Swiss National Bank loan announcement
#CreditSuisse shares soared over 30% at Thursday’s market open after the bank said it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS💹 : #Dow futures fall 500 points
#Stock futures fell on Wednesday as pressure on the financial sector increased with shares of #CreditSuisse, tumbling more than 20%. Futures tied to the Dow Jones Industrial Average fell 500 points, or 1.6%. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS🚗 : BMW expects higher margin and deliveries in 2023
#BMW AG on Wednesday set out targets to slightly increase margins for its automotive segment and raise deliveries. It anticipates an EBIT margin of between 8-10% for its automotive range in 2023. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS💰 : Bitcoin is already up 50% this year
#Bitcoin is up 50% this year despite the collapse of major crypto-focused banks, beating major stock indexes. On Wednesday, it was hovering around the $25,000 mark, thanks to a rally that began on Sunday. #WEFIRE

[WEFIRE @CrystalRozz]

BREAKING NEWS🏠 : Mortgage demand rises
Total application volume rose 6.5% last week compared with the previous week. Despite rates being higher, #mortgage applications to purchase a home rose 7% for the week, but were still 38% lower than the same week one year ago. #WEFIRE