NancyZhang
NancyZhang
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avatarNancyZhang
2023-03-15

Credit Suisse hits record low, biggest backer says can't put up more money

$Credit Suisse Group AG(CS)$ shares slid on Wednesday, dropping by as much as 10.5% to a new record low, as its largest investor said it could not provide the Swiss bank with more financial assistance."We cannot because we would go above 10%. It’s a regulatory issue," said Saudi National Bank(1180.SE)chairman Ammar Al Khudairy saidon Wednesday.The Saudi lender acquired a stake of almost 10% last year after it took part in Credit Suisse's capital raising and committed to investing up to 1.5 billion Swiss francs ($1.5 billion).Credit Suisse on Tuesday published its annual report for 2022 saying the bank had identified "material weaknesses" in controls over financial reporting and not yet stemmed customer outflows.Switzerland's second-b
Credit Suisse hits record low, biggest backer says can't put up more money
avatarNancyZhang
2022-12-08

Apple, AMD confirm they’re among TSMC’s first Arizona customers

$Apple(AAPL)$ Chief Executive Tim Cook confirmed at an event Tuesday that the tech giant will be one of $Taiwan Semiconductor Manufacturing(TSM)$ ’s first Arizona fab customers, while Intel Corp. hopes to join TSMC on the cutting edge of chip making by the end of 2023.Cook said Apple will buy chips fabricated at TSMC’s new U.S. manufacturing plant. On Tuesday, the White House announced, ahead of a visit from President Joe Biden, that TSMC will boost its investment in Arizona to $40 billion from $12 billion and will build a second silicon-wafer fabrication plant, or fab, in Phoenix. TSMC later confirmed that news.Apple shares finished the day down 2.5%, while the
Apple, AMD confirm they’re among TSMC’s first Arizona customers
avatarNancyZhang
2021-09-22
$Tesla Motors(TSLA)$ Weak market close. Should be interesting tomorrow. $TSLA
avatarNancyZhang
2021-09-18
$GameStop(GME)$ $AMC Entertainment(AMC)$ video out!-AMC Adam Aron announced huge catalyst-Evergrande's situation gets worse-Chinese government doesn't think Evergrande is too big to fail.-Technical analysis and much moreEnjoy! #AMC #GME

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