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The Latest Breaking News from Credit Suisse

Downsizing At Twitter After Musk Takeover, Big Pharma Chains To Pay $14B In Opioid Claims, Tesla Shutters 1st Showroom In China: Top Stories Wednesday, Nov. 02

Reuters

Benzinga

Embattled Credit Suisse Sends Strong Message to Speculators

The firm recently unveiled a vast restructuring plan including the elimination of 9,000 jobs by 2025.

The Street

Check Out What Whales Are Doing With AAPL

A whale with a lot of money to spend has taken a noticeably bearish stance on Apple. Looking at options history for Apple (NASDAQ:AAPL) we detected 33 strange trades.

Benzinga

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Tesla Explored Minority Stake In Glencore, TuSimple Fires Its CEO Amid Regulatory Scrutiny, Twitter Could Reportedly Lose A Fourth Of Its Employees After Takeover: Top Stories Monday, Oct. 31

Washington Post

Benzinga

Amazon To $160? These Analysts Cut Price Targets On Amazon After Q3 Results

Amazon.com, Inc. (NASDAQ: AMZN) reported upbeat earnings for its third quarter, while sales missed estimates. The company also issued weak sales forecast for the fourth quarter.

Benzinga

Euro retreats after ECB hike, US stocks mixed

New York (AFP) - The euro retreated Thursday after the ECB again hiked interest rates, while Wall Street indices moved in opposite directions following a mixed bag of US earnings.

AFP

Miners weigh on ASX, US tech giants hit by inflation woes, and ECB raises rates

The ASX ended lower as big miners were sold off; shares in Facebook owner Meta Platforms and Amazon plunge as inflation hits earnings, and the European Central Bank raises interest rates again.

ABC News

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Benzinga's Top Ratings Upgrades, Downgrades For October 27, 2022

Upgrades

Benzinga

Meta Platforms To $200? These Analysts Slash Price Targets On Meta Following Q3 Results

Meta Platforms, Inc. (NASDAQ: META) reported worse-than-expected Q3 EPS and issued Q4 revenue guidance with a midpoint below estimates. The company also guided FY23 expenses of $96 billion to $101 billion. Meta Platforms shares dropped 22.1% to $101.20 on Thursday.

Benzinga

Markets mixed as investors digest ECB hike, US data

London (AFP) - Volatile markets were mostly trading up on Thursday after the ECB announced an expected hike to interest rates in the face of sky-high inflation and the US economy posted positive figures.

AFP

Elon Musk & Philippine Billionaire Come Together For Satellite Internet Service In Southeast Asia, Disney May Track Your Theme Park Preferences, Struggling Credit Suisse Reveals Business Overhaul: Top Stories Thursday, Oct. 27

Benzinga

Struggling Credit Suisse Unveils Emergency Plan

The No. 2 Swiss bank will cut up to 9,000 jobs by 2025 and raise $4 billion in capital, including from Saudi Arabia.

The Street

Euro holds above dollar parity before ECB

London (AFP) - The euro held above parity with the dollar Thursday but eurozone stocks dropped as the European Central Bank prepares to announce another big hike to interest rates in the face of sky-high inflation.

AFP

Credit Suisse to cut 9,000 jobs and seek billions in new investment

Shake-up aims to draw line under series of scandals and new £3.5bn loss at Swiss bank

The Guardian - UK

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Asharq Al-Awsat

Credit Suisse Launches Radical Overhaul to Stabilize Bank

Credit Suisse announced a radical series of measures Thursday aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking unit, 9,000 job layoffs and raising fresh capital. Switzerland's second-biggest bank launched a strategic review aimed at putting an end to a series of…

The Independent UK

Credit Suisse unveils 'radical' strategy as 3Q loss hits $4B

Swiss bank Credit Suisse has unveiled a “radical strategy” meant to overcome recent troubles that have dented its reputation

AFP

Credit Suisse launches radical overhaul to stabilise bank

Zurich (AFP) - Credit Suisse unveiled radical measures Thursday aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking, slashing 9,000 jobs and a capital injection from the Saudi National Bank.

AFP

Credit Suisse chief unveils master plan to fix bank's woes

Zurich (AFP) - New Credit Suisse chief executive Ulrich Koerner is set to unveil his strategic master plan on Thursday, aimed at turning around the beleaguered bank following a string of scandals.

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news in one place.

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Benzinga

Alphabet To $145? These Analysts Cut Price Targets On Alphabet After Downbeat Q3 Results

Alphabet Inc. (NASDAQ: GOOGL) reported weaker-than-expected earnings results for its third quarter after the closing bell on Tuesday.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For October 25, 2022

Upgrades

Benzinga

Apple, Amazon And Other Big Tech Stocks From Benzinga's Most Accurate Analysts

Big tech stocks, including, Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT) an

AFP

Credit Suisse banking on restructure revamp

Zurich (AFP) - New Credit Suisse chief executive Ulrich Koerner, faced with trying to turn around the beleaguered bank following multiple scandals, is set to unveil his strategic road map on Thursday.

AFP

Tough odds for Macau as casinos pray for a pandemic shift

Hong Kong (AFP) - When Pinky Tam lost her job in Macau last year, she found herself among the many thousands cast adrift as the city's casino industry crumbled beneath the twin forces of politics and a pandemic.

The Street

Struggling Credit Suisse Gets Another Chance

The Swiss bank on Oct. 27 is expected to present its plan to restructure and put its scandals behind it.

The Independent UK

Credit Suisse to pay $234M to settle French tax fraud case

French prosecutors say Credit Suisse has agreed to pay 238 million euros to settle tax fraud allegations

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