The Commission objected to Meta’s linking of Facebook Marketplace to his personal social network. Budrul Chukrut | SOPA Images | Rocket | Getty Images Check out the companies making headlines during midday trading. meta — Shares of the tech giant were up 25% midway through the trading day, heading for its strongest day in nearly … Read more
Ford CEO Jim Farley removes his mask at the Ford Built for America event at Ford’s Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford engine will report its fourth-quarter results Thursday after the bell. Here’s what Wall Street expects, according to consensus estimates from Refinitiv: … Read more
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
Christine Lagarde, President of the European Central Bank speaks at an event. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday confirmed its expectation of a rate hike of 50 basis points, bringing the policy rate to 2.5%. In a statement, it pledged to “stay on track in significantly raising interest rates … Read more
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
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 0.4%. Nasdaq 100 futures gained 1% helped by Meta stocks. Futures linked to the Dow Jones Industrial Average fell 9 points, almost flat. Meta rose more than 19% in extended … Read more
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
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
A screen shows the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to raise interest rates again this week as they make their first policy … Read more
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 business practices that have emerged over the past … Read more
