B. Riley's stock plummeted nearly 35% on Monday after disclosing unrealized investment losses and receiving a downgrade from S&P Global Ratings. The investment bank marked down the value of its investment in Franchise Group Inc, resulting in a net loss of $75.
8 million in the third quarter. B. Riley's stock has lost nearly 50% of its value since the announcement.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
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Investors Brace for Turmoil as Stock Market Faces Key Economic Data and EarningsInvestors should brace for fresh turmoil next week as the stock market faces several market-moving events, including key economic data as well as earnings from the major U.S. retailers. With investors growing increasingly uncertain over the Fed’s monetary policy plans, a lot will be on the line during the week ahead. The U.S. government will release the October inflation report on Tuesday at 8:30 AM ET and the number could be hotter than September’s 3.7% year-over-year pace. The headline annual inflation rate is seen rising 3.8%, accelerating from a 3.7% annual pace in the previous month.
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