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.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
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.
Källa: Investingcom - 🏆 450. / 53 Läs mer »