Stocks

First Republic’s stock cratered on Friday, and is now down 98% from its 52-week high.

“Meta’s challenges were largely temporary,” says one analyst as shares of the Facebook parent mint a 92% rally this year.

Spoiler alert: shareholders are losing their shirts. Blame a series of unusual gaffes, snafus and miscommunications.

The Facebook parent had its largest daily stock gain in a decade the day after its last earnings report.

“First Republic is still in the danger zone,” one analyst warned Tuesday.

Emma Fisher, Portfolio Manager and Head of Research at Airlie Funds Management, talks to Forbes Australia about the changing credit market, the debt cycle and the lessons we have learned from previous economic downturns. She says that, first and foremost, we have been here before. Now it’s time for companies to hold on tight and ride out the cycle.

Elon Musk’s SpaceX Starship—which plans to one day take passengers to the moon and Mars—attempted to launch into space Thursday but experienced “a rapid unscheduled disassembly,” exploding before the rocket could make it to space, just days after its first highly anticipated launch was scrapped due to a pressurization problem.

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What are the signals from the latest earnings season and the opportunities for growth equities?

Swiss investment bank UBS is set to acquire rival bank Credit Suisse in a $3.25 billion deal in an “emergency rescue”.