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

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

The stock market had a great January. Now it’s all the Fed.

The stock market had a great January.  Now it’s all the Fed.

Font size A scene from the floor of the New York Stock Exchange last week. Michael M. Santiago/Getty Images The stock market just ended a positive January. After last year’s bear market, and in combination with other recent movements, this is a very positive signal. The S&P 500 closed January with a gain of just … Read more

Pfizer falls on gloomy guidance as company braces for covid vaccine turnaround

Pfizer falls on gloomy guidance as company braces for covid vaccine turnaround

Font size Pfizer said it expects Covid-19 vaccine sales to fall to $13.5 billion by 2023. Mario Tama/Getty Images Pfizer on Tuesday set guidance for fiscal year 2023 well below consensus figures from Wall Street, dampening investor expectations ahead of what is expected to be a sharp drop in sales of Covid-19 products. Shares fell … Read more

Fed meeting: How high will interest rates go and what else to expect at this week’s meeting.

Fed meeting: How high will interest rates go and what else to expect at this week’s meeting.

Will “ongoing” be outgoing at the Federal Reserve? Or will that keyword remain in the central bank’s policy guideline? Such a seemingly trivial question could affect interest rate developments when the Federal Open Market Committee announces the results of its two-day meeting next Wednesday afternoon. The Fed’s policymaking panel will almost certainly raise the target … Read more