Amazon Stock hits mixed earnings report and weak forecast. AWS also missed.

Amazon Stock hits mixed earnings report and weak forecast.  AWS also missed.

Text size Investors are looking for evidence that Amazon.com has made progress in its efforts to contain costs. David Ryder/Bloomberg Amazon . com fell late in trading Thursday after the company reported mixed fourth-quarter results, with better-than-expected sales growth but weaker-than-expected earnings, largely due to a loss on the the company’s stake in electric truck … Read more

Stocks moving high noon: META, ALGN, COIN

Stocks moving high noon: META, ALGN, COIN

The Commission challenged Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Pictures | Light flare | Getty Images Find out which companies are making headlines in the midday business. Meta – Shares of the tech giant jumped 25% midway through the trading day, on track for its strongest day … Read more

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

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

My top 10 things to watch Thursday, February 2, 2023 1. The Federal Reserve says exactly what it should say, allowing everyone to dream what they want to dream. It pledged on Wednesday to continue to fight inflation and raised interest rates by 25 basis points. But the market appeared to rebound on Chairman Jerome … Read more

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

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

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

Nasdaq 100 futures rise, propelled by Meta stocks

Nasdaq 100 futures rise, propelled by Meta stocks

S&P 500 futures advanced late Wednesday as investors looked past the latest interest rate hike and comments from the Federal Reserve. Broad index futures added 0.5%. Nasdaq 100 futures gained 1.1%, helped by Meta stocks. Futures linked to the Dow Jones Industrial Average fell 10 points, trading almost flat. Meta jumped more than 19% in … Read more

OPEC+ committee recommends no change to oil production policy in virtual meeting

OPEC+ committee recommends no change to oil production policy in virtual meeting

The OPEC logo is pictured at OPEC headquarters on October 4, 2022. Joe Clamar | AFP | Getty Images A technical committee of the influential coalition of oil producers OPEC+ made no recommendations to change the group’s existing production policy at its last meeting, according to three delegates. The OPEC+ Joint Ministerial Monitoring Committee, which … Read more

Bitcoin pauses as crypto traders await Fed decision. Prepare for volatility.

Bitcoin pauses as crypto traders await Fed decision.  Prepare for volatility.

Text size Bitcoin rose to start the year, but there are reasons to believe the gains may be unsustainable. The time of dreams Bitcoin and other cryptocurrencies were paused on Wednesday as traders awaited a key interest rate decision from the Federal Reserve. After the best January for Bitcoin in a decade, bad news from … Read more

Gold demand hits 11-year high on ‘colossal’ central bank buying

Gold demand hits 11-year high on ‘colossal’ central bank buying

Bars of 99.99% pure gold are placed in a work room at the Krastsvetmet precious metals factory in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand hit an 11-year high in 2022 thanks to “colossal central bank buying, aided by vigorous buying by retail investors,” according to the … Read more

Stock futures fall as traders await latest Federal Reserve rate hike decision

Stock futures fall as traders await latest Federal Reserve rate hike decision

Traders on the NYSE floor Source: NYSE Stock futures fell on Wednesday as investors anticipated Wednesday’s Federal Reserve meeting. Futures contracts linked to the Dow Jones Industrial Average lost 140 points or 0.4%. S&P 500 futures and Nasdaq Composite futures fell 0.4% and 0.3%, respectively. The Fed will announce at 2:00 p.m. (ET) how much … Read more

Central banks set to signal path of sliding interest rates in crucial week

Central banks set to signal path of sliding interest rates in crucial week

A screen displays the Fed’s 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