The Commission took issue with Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Images | Lightrocket | GettyImages Check out the companies making headlines in midday trading. Meta — The tech giant’s shares jumped 25% by the middle of the trading day, on track for its strongest day in …
Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Ford’s Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nick Antaya | GettyImages DETROIT – Ford Motor is set to report its fourth-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to Refinitiv …
Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton to market perform from outperform JMP downgraded the stock mainly on valuation. “We are downgrading our rating on shares of Peloton from Market Outperform to Market Perform as Peloton reached our prior $16 price target while we leave our FY2024 estimates largely unchanged following …
Wall Street analysts are bullish on META, NVDA & FSLR Read More »
Christine Lagarde, president of the European Central Bank, speaks at an event. Bloomberg | Bloomberg | GettyImages The European Central Bank on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%. In a statement, he pledged to “stay the course in raising interest rates significantly at a …
European Central Bank raises rates by 50 basis points, pledges further hike in March Read More »
A passageway near the Bank of England (BOE) in the City of London, UK, on Thursday, March 18, 2021. Hollie Adams | Bloomberg | GettyImages LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points and dialed back some of its previous bleak economic forecasts. The Monetary Policy Committee voted …
Signs of ‘sequential acceleration’ in Hong Kong despite economy 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 are seeing signs that there’s been a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s …
Asia-Pacific markets mostly rise as investors digest Fed’s smaller quarter-point hike Read More »
S&P 500 futures advanced Wednesday night as investors looked beyond the latest interest rate hike and commentary from the Federal Reserve. Futures tied to the broad index added 0.4%. Nasdaq 100 futures gained 1%, helped by Meta shares. Futures connected to the Dow Jones Industrial Average ticked down 9 points, near flat. Meta surged more …
Nasdaq 100 futures rise, propelled by Meta shares Read More »
Rafael Henrique | Sopa Images | Lightrocket | GettyImages Check out the companies making headlines in after-hour trading. Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts’ estimates for fourth-quarter revenue, according to Refinitiv. Meta also said it lost $13.7 billion …
A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | GettyImages Check out the companies making headlines on midday trading Wednesday. Foot Locker — Shares gained 2.6% after Credit Suisse upgraded the stock to outperform from neutral. The retailer could see upside to expected …
Traders on the floor of the NYSE Source: NYSE Stock futures slipped Tuesday evening as investors looked ahead to the Federal Reserve’s Wednesday meeting. Futures tied to the Dow Jones Industrial Average shed 48 points, or 0.14%. S&P 500 futures and Nasdaq Composite futures were down 0.20% and 0.37%, respectively. The moves come after stocks …