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
My top 10 things to watch Thursday, February 2, 2023 1. The Federal Reserve says exactly what it should say, allowing all people to dream what they want to dream. It vowed to continue fighting inflation on Wednesday and raised interest rates by 25 basis points. But the market appeared to be recovering from Chairman … 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 tied to the Dow Jones Industrial Average fell 9 points, almost flat. Meta was up more than 19% in … Read more
On August 2, 2021 in Chicago, Illinois, a sign hangs over the entrance to a Foot Locker store. Scott Olson | Getty Images Check out the companies making headlines in Wednesday afternoon trading. Foot Locker — Equities rose 2.6% after Credit Suisse upgraded the stock from neutral to outperformance. According to the company, the retailer … Read more
The OPEC logo will be displayed at OPEC headquarters on October 4, 2022. Joe Klamar | Afp | Getty Images A technical committee of the influential OPEC+ coalition of oil producers made no recommendation at its last meeting to change the group’s existing production policies, according to three delegates. The OPEC+ Joint Ministerial Monitoring Committee, … 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 were on hiatus on Wednesday as traders awaited a major decision on Federal Reserve interest rates. After the best January for Bitcoin in a decade, bad news … Read more
Ingots of 99.99 percent pure gold are placed in a workspace at the Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand surged to an 11-year high in 2022 on the back of “colossal central bank buying, aided by strong retail buying,” according to … Read more
Traders on the floor of the NYSE Source: NYSE Stock futures fell on Wednesday as investors looked ahead to the Federal Reserve’s Wednesday meeting. Futures 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 2pm … Read more
