Top gaining stocks today nse

Key Takeaways U.S. equities jumped, boosted by bank stocks and by comments from Treasury Secretary Janet Yellen that smaller banks that fail could get a government backstop for uninsured deposits. Moody’s raised the rating on Tesla’s ( TSLA ) debt from junk to investment grade, and that sent shares of the electric carmaker up almost 8%. Utility companies were among the biggest decliners in the S&P 500. Falling gold prices drove down shares of Newmont Corporation ( NEM ) and rival gold miners. U.S. equities jumped, boosted by bank stocks on reports of another industry effort to assist struggling First Republic Bank ( FRC ), and by comments from Treasury Secretary Janet Yellen that if needed, smaller banks that fail could get a government backstop for uninsured deposits. All that came a day before the Federal Reserve is set to announce whether it will continue raising interest rates to fight inflation, or hold off because of the turmoil in the banking sector. … [Read more...] about Bank Optimism and Yellen’s Comments Lift Markets

HONG KONG  -Asian and European markets traded higher on Tuesday, as fears of a banking crisis eased thanks to the sale of fallen lender Silicon Valley Bank. News that North Carolina-based First Citizens Bank had agreed to take over most of SVB boosted European stocks and Wall Street on Monday. The gains were led by banking shares, following a rout last week over concerns that the turmoil in the sector could hit other major institutions, such as German giant Deutsche Bank. Hong Kong and Tokyo closed higher, while Sydney, Singapore and Seoul also gained. Shanghai was down, however. European equities were also higher in early trade, with London, Frankfurt and Paris all in positive territory. Ray Attrill, head of FX strategy at National Australia Bank, said Tuesday that the acquisition by First Citizens had “helped set a positive tone” in global markets. SVB deal helps to steady banks amid credit crunch concerns “Together with the absence of new scare stories over … [Read more...] about Asian, European markets rise as banking crisis fears ease

Share to Twitter Share to Linkedin North Carolina’s First Citizens Bank doubled its size with the stroke of a pen in the early hours of Monday morning with its landmark FDIC-assisted acquisition of Silicon Valley Bank , and nobody will reap the rewards more than the family that has orchestrated its growth for the last century. Chairman and CEO Frank Holding Jr. and his four sisters Olivia Holding, Hope Bryant, Carson Brice and Claire Bristow collectively own about 20% of First Citizens’ stock and have close to 50% voting power in the company, according to SEC filings, for a cumulative stake worth $2.7 billion thanks to Monday’s 54% stock gain following the deal. The surge erased all of the stock’s year-to-date losses in the regional bank selloff stemming from SVB’s failure and contagion fears. Raleigh-based First Citizens and the Holding family have kept a low profile for decades, but the family-owned bank has been on a mission to expand nationwide via … [Read more...] about SVB’s New Owners, The Billionaire North Carolina Family Behind First Citizens, Are Quietly Building A Banking Empire

The man who walked over “500 miles” and almost “500 more” and “to be the man who wakes up next to” his love, today arrived at his destination . Suthep “Maew” Prompjit walked 1,200 kilometres to prove true love still exists and met his girlfriend for the first time, after talking on social media for nearly six months. They start a new life together on the most romantic day of the year – Valentine’s Day . The 52 year old man announced on TikTok in November last year that he would walk from his house in the central province of Nakhon Nayok to meet his love for the first time in the southern province of Satun. Maew said he met his girlfriend, 56 year old Thanapa “Yu” Khiao-on, on TikTok just over five months ago. Yu challenged him to travel on foot to her house. He accepted the challenge because he wanted to prove to Yu and others that he was serious about their relationship and that true love could be found on social media. Related news Policeman … [Read more...] about Man walks over ‘500 miles’ and ‘500 more’ to marry his girlfriend on Valentine’s Day