Markets

Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS Missed Too.

Text size Investors are looking for evidence that Amazon.com is making progress on its push to rein in costs. David Ryder/Bloomberg Amazon . com shares were falling in late trading Thursday after the company posted mixed results for the fourth quarter, with better-than-expected sales growth, but weaker-than-anticipated profits, due largely to a loss on the …

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Eli Lilly stock falls as Mounjaro Sales Disappoint

Text size Eli Lilly reported fourth-quarter earnings well ahead of analysts’ estimates. Daniel Acker/Bloomberg Eli Lilly stock was falling Thursday as sales in the pharmaceutical company’s diabetes drug Mounjaro, which is on track for regulatory approval to treat obesity, came up short. Fourth-quarter earnings, however, did crush estimates. Shares in Eli Lilly (ticker: LLY) fell …

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Disney pressured to replace Michael Froman with Nelson Peltz

Nelson Peltz David A. Grogan | @CNBC The proxy battle between Disney and activist investment firm Trian Management LP is heating up ahead of the company’s annual shareholder meeting. Earlier in January Trian went public with its fight for a seat on the board, taking issue with Disney’s $71 billion acquisition of Fox in 2019, …

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Wall Street analysts are bullish on META, NVDA & FSLR

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 …

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European Central Bank raises rates by 50 basis points, pledges further hike in March

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 …

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Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared

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 …

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Adani losses top $100 billion in wake of Hindenburg Research report

Signage of Adani Group at the company’s gas station in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Bloomberg | Bloomberg | GettyImages India’s Adani conglomerate deepened market losses to exceed $100 billion on Thursday, which has snowballed since a short-seller’s scathing report triggered market turmoil and led the company to walk back its public share …

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Asia-Pacific markets mostly rise as investors digest Fed’s smaller quarter-point hike

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 …

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