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Why First Republic Shares Are Plunging Premarket Monday
Monday, March 20, 2023 - 7:20am | 259First Republic Bank (NYSE: FRC) shares were seen extending their losses on Monday. What Happened: In pre-market trading, the stock of the troubled regional bank plunged 21.58% to $18.06, according to Benzinga Pro data. The stock shed a whopping 32.80% on Friday despite private banks, led by...
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Can The Economy Weather Inflation, A Winter Storm, Elon Musk?
Friday, December 23, 2022 - 4:58pm | 629The S&P 500 traded lower for the third consecutive week on concerns inflation may be more stubborn than anticipated. On Friday, the Bureau of Economic Analysis reported the personal consumption expenditures price index increased by 5.5% year-over-year in the month of November, down from 6.1% in...
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Twitter Tagged At 'Junk' Status By Standard & Poor's
Thursday, November 13, 2014 - 4:50pm | 223Twitter Inc (NYSE: TWTR) shares fell more than 5 percent Thursday after a major ratings agency tagged its debt at junk status. Twitter traded recently at $40.32, down 5.2 percent. Standard & Poor's said its rating indicates "major ongoing uncertainties" regarding potentially...
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S&P Downgrades EU Credit Rating
Monday, December 23, 2013 - 8:15am | 286The euro traded steadily on Monday after losing some ground to the dollar last week after the US Federal Reserve decided to decrease its monthly asset purchases to $75 billion each month. The common currency traded at $1.368 on Monday morning at 5:49 GMT The Wall Street Journal reported that S...
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#PreMarket Primer: Friday, November 8: Investors Tweet A Sigh Of Relief
Friday, November 8, 2013 - 7:48am | 979Twitter’s shares rose 73 percent on the company’s first day on the market on Thursday. The highly anticipated IPO drove Twitter’s value up to $25 billion dollars and proved that many believe the social networking site is an indispensable part of the internet despite disappointing losses last...
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Stocks Chris Christie Would Pick
Friday, August 31, 2012 - 10:23am | 737Editor's note: This is the first in a series of articles that will be appearing on Benzinga.com over the next few months. Governor of New Jersey Chris Christie is famous for many things, among them being the first Republican in 12 years to win a statewide election for governorship in 2009 (...
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Why Ron Paul's Proposed Military Cuts Could Ruin the Economy
Wednesday, January 11, 2012 - 1:23pm | 1572Perhaps the most intriguing development in the Republican US presidential nomination race has been the ascendancy of Ron Paul. Although it seems unlikely that he can win the nomination, he’s managed to carve out a dedicated support base of voters. The key to his appeal has been his back to basics...
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S&P Announces Changes to Small Cap 600 Index
Wednesday, August 24, 2011 - 6:08pm | 76Oritani Financial (NASDAQ: ORIT) will replace optionsXpress Holdings (NASDAQ: OXPS) in the S&P SmallCap 600 index after the close of trading on Wednesday, August 31, 2011. optionsXpress Holdings is being acquired by S&P 500 constituent Charles Schwab (NYSE: SCHW) in a deal expected to be...
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Countries with Credit Ratings Higher than the US
Sunday, August 21, 2011 - 1:44am | 176After Standard & Poor's downgraded the United States debt from AAA to AA+, investors have been looking to the countries with AAA ratings. Here are the countries with ratings of AAA according to Standard & Poor's. Australia Austria Canada Denmark Finland France Germany Guernsey Hong...
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S&P Cuts US Growth For Next Three Years
Wednesday, August 17, 2011 - 1:30pm | 466When Standard & Poor cut the US rating, the reaction of the country was akin to that of Mike Tyson after he was knocked out by Evander Holyfield. The stunned silence and feeling of “that should not happen to us” was tangible. However, S&P has just turned up the dial. In its latest report,...
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Financials and Oil Stocks Lead Market Plunge
Monday, August 8, 2011 - 12:52pm | 605Another day, another freefall. All U.S. Indexes are currently undergoing massive selloff, as traders and investors weigh the negative implications of Standard & Poor's downgrade of U.S. debt. The S&P 500 (SPX) has lost 44.8 points (3.74%) thus far in today's session, currently trading...
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S&P Does Not Believe U.S. will Default
Wednesday, July 27, 2011 - 1:02pm | 53Standard & Poor's President, Deven Sharma, told a House Financial Services subcommittee Wednesday he does not expect the U.S. will default on its obligations and that the agency is waiting to see a final plan about deficit reduction. He repeated the company's view that there has to be a "...
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S&P Says 50-50 Chance of U.S. Downgrade
Thursday, July 21, 2011 - 10:43am | 45Standard & Poor's reiterated on Thursday it sees a real risk that future U.S. government deficits may meaningfully miss discussed targets and that there is a 50-50 chance the U.S. AAA credit rating could be cut within three months, perhaps as soon as August.
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News Summary for May 23, 2011
Monday, May 23, 2011 - 9:04am | 260U.S. stock index futures look weak this morning while investors' digest all the bad news from the euro zone crisis. Political and fiscal troubles plague the European Union with debt in peripheral economies highlighting the biggest struggle. Highly watched Greece was downgraded by Fitch Ratings to B...
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Low Durable Goods Orders Not Affecting US Stock Futures
Friday, September 24, 2010 - 9:52am | 155U.S. stock futures rose this morning (9/24) despite a bigger-than-expected drop in U.S. durable-goods orders as euro zone concerns eased up following an unexpected spike in German business sentiment, according to The Wall Street Journal. Dow Jones Industrial Average futures were +115 points at...