5 things to know before the stock market opens Thursday
Publishing timestamp: 2023-03-16 07:39:09
Summary
Credit Suisse borrows up to $54 billion from Swiss National Bank, while concerns over the banking crisis have some investors questioning whether the Federal Reserve will raise rates at its upcoming meeting. Shares of Credit Suisse rise after the announcement. Snap and Facebook see gains in off-hours trading following reports that the Biden administration has told TikTok's Chinese owner to sell its stake or face a ban in the US. The US releases a video showing a Russian fighter jet colliding with an American drone, intensifying tensions between the two countries. Virgin Orbit pauses operations and furloughs employees as it seeks funding, sending its stock down over 40%.
Sentiment: MIXED
Tickers: CS, CSG.N-CH, META, VORB, SNAP,
Keywords: business news, investment strategy, markets, credit suisse group ag, snap inc, virgin orbit, business, meta platforms inc, economy,