Credit rating Suisse shares are a ‘steal,’ say new Saudi backers right after having 9.9% stake

Essential Points

Saudi Nationwide Lender, the kingdom’s most significant financial institution and greater part-owned by the Saudi govt, introduced Wednesday that it was investing up to $1.5 billion in Credit history Suisse — symbolizing a stake of up to 9.9%.
The Swiss loan company posted a third-quarter net loss of 4.034 billion Swiss francs ($4.09 billion) past week, significantly worse than analyst estimates, and introduced a significant strategic overhaul.
Shares are down close to 55% this yr following numerous scandals, management adjustments and weak earnings releases.

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Finance

Stocks making the biggest moves premarket: Amazon, Apple, GE Aerospace, UnitedHealth & more

April 21, 2026

Check out the companies making headlines before the bell: UnitedHealth — Shares popped more than 6% after UnitedHealth reported first-quarter earnings and revenue that beat analyst expectations. The company earned $7.23 per share, adjusted, on revenue of $11.72 billion. Analysts expected a profit of $6.57 per share on revenue of $109.57 billion. UnitedHealth also hiked […]

Finance

Volkswagen announces voice AI in its Chinese cars from later this year

April 21, 2026

Key Points German automaker announced it would incorporate AI agents that allow humans to control car features with voice commands into its cars in China. CTO Thomas Ulbrich told CNBC that the in-car AI agent would draw on tech from Tencent, Alibaba and Baidu. Volkswagen has invested heavily in China in recent years, with stakes […]

Finance

Here’s what to expect from Fed chair nominee Kevin Warsh’s Senate hearing Tuesday

April 21, 2026

Key Points Fed chair nominee Kevin Warsh travels to Capitol Hill on Tuesday to convince lawmakers he can carry out a presidential push for lower interest rates while remaining free of political constraints. Political independence has been a key question surrounding the search for a successor to current Chair Jerome Powell. In remarks he’s scheduled […]