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Saturday 3 June 2023 Dublin: 14°C

# Stock Market

This year
2023
# Financial Fears
London stock markets fall amid Credit Suisse takeover and heavy uncertainty in banking sector
Swiss authorities announced yesterday that UBS would acquire its smaller rival Credit Suisse.
All time
# Stocks
Not quite Game Over for GameStop? Stock value almost quadrupled last night
GameStop’s chief financial officer Jim Bell announced this week that he would resign on 26 March.
# Coronavirus
Covid-19: Stock markets plummet in worst week since 2008 financial crash
China has now recorded almost 80,000 cases of Covid-19.
# On the up
Elon Musk sends Tesla stock price soaring with a tweet
The controversial CEO says he’s considering taking the company private.
# Stock Market
'Full panic mode': Asian markets take fresh beating as global slump continues
Tokyo, Hong Kong and Shanghai were the biggest hit.
# hold on to your hats
Wall Street, we have a correction: The Dow Jones is plummeting again
The market has fallen 10% since its all-time high two weeks ago.
# Borussia Dortmund
Alleged Champions League bus bomber could face 28 counts of attempted murder
German prosecutors are preparing charges against the man named only as “Sergej W.”.
# float on
The government confirms it sold around 28.75% of AIB for €3.4 billion
Paschal Donohoe did not rule out returning to Cabinet to receive backing to sell further stakes in AIB if the opportunity arises.
# disappearing messages
Snapchat seeking $3 billion as it plans to sell shares on stock market
The fast-growing social network boasts 158 million daily users.
# Finland
Irish company raises half a million euro to go exploring for diamonds
Karelian Diamond is hoping to develop its first commercial diamond mine in Finland.
# Fighter Planes
Market value of US military contractor drops by €1.8bn after Trump tweet
The President-elect said he will cut “billions” in costs for military purchases.
# great fall of china
The Chinese stock market is in deep, deep trouble, and it's bad news for everyone
Chinese manufacturing has slowed to a crawl in recent times with instability in the Middle East further weighing on the nation’s stock market.
# reassurance
Tim Cook says Apple is fine despite China's market problems
Its stock fell by more than 20% amid fears that China’s slowdown could hurt Apple’s growth there.
# Stocks
China could be slipping into a crisis 'far bigger than anything in Greece'
More than half of companies have suspended trading on the stock market.
# Switching Jersey
Eircom is planning a Jersey debt swap
The telco, which is considering a stock market floatation, could move its assets and liabilities to the island.
# like like like
Facebook is raking it in as earnings soar to $2.9 billion
More users, more mobile apps, more ads = lots more money.
# High Flyer
So GoPro's first day on the stock market got off to the best possible start
The company raised $427 million after it sold 17.8 million shares in its first day of trading.
# crushing the market
This is how much the company behind Candy Crush Saga is worth after going public
The company raised just under $500 million in an IPO which saw shares priced at $22.50 each.
# Twitter
Back down to earth: Twitter shares fall after its sizzling Wall Street debut
“A bit like an IPO hangover” is how one analyst described it.
# Twitter
Twitter hikes IPO amount to $1.61 billion
The company said it would sell 70 million shares in a price range between $17 and $20 a share.
# Stock Market
European stocks steady after dive amid Spain, Italy fears
Yesterday European stock markets slumped with banking shares suffering some of the heaviest losses.
# Markets
European stocks rise after festive break
Europe’s main stock markets rise as traders focus on whether the United States will avert the 2013 “fiscal cliff”.
# Netflix
Netflix faces US penalty for CEO Facebook comments
Hastings posted a comments that said customers were spending around a billion hours per month watching Netflix
# the markets
Shares fall amid protests against austerity in Athens and Madrid
Protests on the streets of Spain and Greece have spooked the markets.
# Apple
Apple takes Microsoft's record as most valuable company ever*
The technology giant is now worth $623 billion – more than Microsoft was worth in 1999. Ish.
# Facebook
Facebook shares hit an all-time low
The social networking giant’s stock traded as low as $20 before bouncing back slightly yesterday.
# the markets
Good while it lasted: US stocks sink after Spain inspired rally fizzles
Spain’s tough fiscal challenges and the upcoming elections in Greece have added to concerns about the eurozone.
# Daily Fix
The Daily Fix: Wednesday
Your essential evening round-up of the day’s biggest news…
# Facebook
Facebook hikes price of its shares, raising value to over $100bn
Facebook had previously planned on selling shares at between $28-$35, but is now going for a price between $34 and $38.
# Facebook
Facebook co-founder renounces US citizenship days ahead of flotation
The move will result in Eduardo Saverin avoiding taxes of about $600 million when he collects his share of the site’s stock offering.
# Explainer
Want to own a piece of Facebook? Here's how to do it
Sometime this month, 337 million shares will be up for grabs when the world’s biggest social network floats on the stock market. But be warned: it may be hard to get a hold of them.
# Facebook facts
10 things we've learned from Facebook's IPO
Why did Mark Zuckerberg spend $800,000 on planes last year?
# Week in Photos
The week in photos
This is the week that was, in pictures
# Big Deals
The 11 biggest companies on the Irish stock exchange
Some names you’ll probably know, and some you mightn’t – but, in terms of sheer value, here are the big boys.
# Euro
Euro hits six-week low against dollar following Strauss-Kahn arrest
The single currency fell briefly before trading up by mid-morning on the London Stock Exchange.
# Japan Earthquake
Stock and oil prices react to Japan's earthquake and tsunami disasters
Stocks rose but oil prices fell in response to the terrible events in the Pacific.
# Facebook
Is Facebook really worth €26.6 billion?
The price of shares sold privately would make the site worth $33.7bn – more than most NASDAQ companies.
# Intel
Intel to buy security firm McAfee in €6bn cash deal
Chip manufacturer buys anti-virus giant in a huge cash-only agreement.
# AIB
AIB shares dive on the back of record losses