Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS also missed.

Amazon Stock Falls on Mixed Earnings Report and Weak Forecast.  AWS also missed.

font size Investors are looking for evidence that Amazon.com is making progress in its cost containment efforts. David Ryder/Bloomberg Amazon . com shares fell in late trading Thursday after the company posted mixed fourth-quarter results, with better-than-expected revenue growth but weaker-than-expected earnings, largely due to a loss to the company’s stake in the electric power … Read more

Jim Cramer’s top 10 things to watch in the stock market Thursday: META

Jim Cramer’s top 10 things to watch in the stock market Thursday: META

My top 10 things to watch Thursday, February 2, 2023 1. The Federal Reserve says exactly what it should say, allowing all people to dream what they want to dream. It vowed to continue fighting inflation on Wednesday and raised interest rates by 25 basis points. But the market appeared to be recovering from Chairman … Read more

Wall Street analysts are bullish on META, NVDA and FSLR

Wall Street analysts are bullish on META, NVDA and FSLR

Here are Thursday’s biggest calls on Wall Street: JMP Downgrades Peloton on Outperform Market Performance JMP downgraded the stock primarily on valuation. “We are downgrading our rating for shares of Peloton from Market Outperform to Market Perform as Peloton met our previous price target of $16, while leaving our estimates for FY2024 largely unchanged following … Read more

Asia-Pacific markets are rising especially as investors process the Fed’s smaller quarter-point increase

Asia-Pacific markets are rising especially as investors process the Fed’s smaller quarter-point increase

Signs of ‘sequential acceleration’ in Hong Kong despite economic contraction in 2022: UBP Hong Kong’s economy is “in a position to return to expansion” this year, UBP told CNBC’s “Squawk Box Asia” on Thursday. “We’re seeing signs of a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s senior economist for … Read more

Nasdaq 100 futures up, driven by Meta stocks

Nasdaq 100 futures up, driven by Meta stocks

S&P 500 futures advanced Wednesday evening as investors looked beyond the latest rate hike and Federal Reserve commentary. Futures linked to the broad index added 0.5%. Nasdaq 100 futures gained 1.1% helped by Meta stocks. Futures linked to the Dow Jones Industrial Average fell 10 points and traded almost flat. Meta was up more than … Read more

Bitcoin Price Rise With Other Risk Assets. Thanks the Fed.

Bitcoin Price Rise With Other Risk Assets.  Thanks the Fed.

font size Bitcoin has rallied higher to start the year, but there is reason to believe that the gains could be unsustainable. Dream time Bitcoin and other cryptocurrencies rose along with other risky assets on Wednesday after the Federal Reserve hiked interest rates by a quarter point. It’s another rate hike, but a marked slowdown … Read more

OPEC+ committee recommends no change to oil output policy during virtual meeting

OPEC+ committee recommends no change to oil output policy during virtual meeting

The OPEC logo will be displayed at OPEC headquarters on October 4, 2022. Joe Klamar | Afp | Getty Images A technical committee of the influential OPEC+ coalition of oil producers made no recommendation at its last meeting to change the group’s existing production policies, according to three delegates. The OPEC+ Joint Ministerial Monitoring Committee, … Read more

How the richest man in Asia lost his crown in a matter of days

How the richest man in Asia lost his crown in a matter of days

Gautam Adani, billionaire and chairman of Adani Group, at an event at the Port of Haifa in Haifa, Israel, on Tuesday, January 31, 2023. Adani, the Indian billionaire whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said that his company will invest more in Israel. Bloomberg | Bloomberg | … Read more

Demand for gold rose to an 11-year high after “colossal” central bank purchases

Demand for gold rose to an 11-year high after “colossal” central bank purchases

Ingots of 99.99 percent pure gold are placed in a workspace at the Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand surged to an 11-year high in 2022 on the back of “colossal central bank buying, aided by strong retail buying,” according to … Read more

Britain is drafting plans to regulate the crypto industry in the wake of FTX’s collapse

Britain is drafting plans to regulate the crypto industry in the wake of FTX’s collapse

British Prime Minister Rishi Sunak speaks at a Q&A at Teesside University on January 30, 2023. Oli Scarf | Wpa Pool | Getty Images NewsS The UK has formally laid out plans to regulate the cryptocurrency industry, with the government looking to curb some of the reckless trading practices that have emerged over the past … Read more