UK’s National Cyber Security Centre reviewing TikTok risks, minister says
TikTok has come under increasing focus over fears that user data could end up in the hands of the Chinese government, undermining Western security interests.
First Republic shares rise more than 20% in volatile trading as regional bank stocks try to rebound
Regional bank stocks rebounded on Tuesday as investors digested the fall-out from the collapse of Silicon Valley Bank and stabilization efforts from regulators.
Credit Suisse shares sink 5% as ‘material weaknesses’ found in financial reporting
Credit Suisse said its net asset outflows had “not yet reversed,” and that “material weaknesses” were identified in its financial reporting processes.
As global stocks fall, Asia-Pacific’s benchmark index erases all of its gains for 2023
Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.
SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say
Industry experts are optimistic that fundraising for Southeast Asian tech startups will keep flowing and won’t be impacted by the collapse of SVB.
Volkswagen announces five-year $193 billion investment plan as electrification gathers pace
More than two thirds of Volkswagen’s planned five-year investment will target “electrification and digitalization.”
The U.S. stock market keeps beating Europe in new listings. And it’s no fluke
There are two main reasons why U.S. stock markets are more attractive for new listings, analysts said.
CNBC Daily Open: Banks got hammered by SVB’s collapse. But the Fed might still raise rates
Bank stocks had a very rough Monday in the aftermath of Silicon Valley Bank’s implosion. The 2-year Treasury yield plummeted.
Citi says Europe’s banks are unlikely to face SVB-like issues and names 3 top picks
European banks have less deposit concentration, are seeing healthy deposit flows and remain well capitalized, Citi’s analysts said.
As tech gets hit again, strategists say these stocks present a buying opportunity
Some market pros see the volatility as an opportunity to snap up growth stocks at bargain prices.
