Shares of Ascent Solar Technologies, Inc. (NASDAQ: ASTI) fell sharply during Wednesday’s session after the company announced pricing of a $6 million public offering of shares at $0.14 per share.
Inflation unexpectedly surges, shattering hopes for Fed rate cuts & sending stocks down. Core inflation also exceeded expectations. No sector escapes losses, with real estate hit hardest.
S&P Global downgraded the outlooks of 5 US regional banks due to risks associated with commercial real estate loans. Investors are concerned about banking sector stability.
Commercial real estate industry is experiencing bad loans exceeding reserve losses for banks like JPM, BAC, WFC, C, GS, and MS, raising regulatory concerns.