Ahead of major tech earnings, Meta results set to illuminate Nasdaq Composite COMP for Thursday. The S&P 500 SPX also points to gains as investors take a half-full view of the Fed meeting. The founder of LaDucTrading.com, Samantha LaDuc. “The market is not expecting a higher terminal rate, slower growth, or recession. One or more … Read more
New Delhi CNN — Indian billionaire Gautam Adani tried to reassure investors on Thursday after suddenly abandoned $2.5 billion stock sale of its flagship company. “For me, the interests of my investors are paramount and everything is secondary,” the 60-year-old businessman said in a registered video address. “Once the market stabilizes, we will review our … Read more
Fed Chairman Jerome Powell spoke tough on Wednesday, promising further rate hikes in the relentless fight against inflation, but he also let slip a few comments dovish enough to send the stock market higher. The Federal Reserve raised interest rates Wednesday afternoon by a quarter point, as expected, and also kept a comment in its … Read more
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. You can listen to an audio version of the newsletter by clicking on the same link. Washington CNN — Investors appear to be gearing up for another match against their favorite sparring partners … Read more
Attendees line up under a large LED display of smart home products to enter the Samsung Electronics booth, during the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2023. Patrick T. Fallon | AFP | Getty Images Semiconductor stocks in Asia fell as South Korean chip giant Samsung Electronics suffered its worst … Read more
TOKYO — Asian stocks mostly fell in muted trading on Tuesday as investors awaited decisions on interest rates and earnings reports from around the world. Traders were waiting for the United States of the Federal Reserve decision on interest rates, expected on Wednesday. They also monitor indicators of the Chinese economy, the main engine of … Read more
A surprisingly good start for the U.S. stock market in 2023 is likely to fade this week as the Federal Reserve is set to announce its eighth straight rate hike following its policy meeting, according to Morgan Stanley’s Michael Wilson. “We believe recent price action is more reflective of the seasonal effect of january and … Read more
New York CNN — Shares were slightly lower on Monday after a strong rally last week. Investors could be jitters ahead of this week’s big event Federal Reserve meetinga deluge of earnings of the best technology companies and the jobs report on Friday. But it’s still been a strong start to the year for the … Read more
Anyone who thinks copper’s 25% rise over the past six months is bullish has a short memory. Last summer copper HG00, -0.21% was stinging with a 25% dip. If copper were a reliable leading indicator, the US economy and stock market would be much lower than they were last summer. Instead, US GDP grew at … Read more
Let’s get ready to rumble. The Federal Reserve and investors appear to be locked in what a veteran market watcher has described as an epic game of “chicken”. What Fed Chairman Jerome Powell said on Wednesday could determine the winner. Here is the conflict. Fed policymakers have consistently insisted that the federal funds rate, currently … Read more