Ford (F) Q4 2022 earnings

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

Wall Street analysts are bullish on META, NVDA and FSLR

Here are Thursday’s biggest calls on Wall Street: JMP Downgrades Peloton on Outperform Market Performance JMP downgraded the stock primarily on valuation. “We are downgrading our rating for shares of Peloton from Market Outperform to Market Perform as Peloton met our previous price target of $16, while leaving our estimates for FY2024 largely unchanged following … Read more

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

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

Nasdaq-100 futures soar after Meta reports quarterly sales

Futures linked to the Nasdaq-100 were higher on Thursday, boosted by sharp gains from Meta Platforms, Facebook’s parent company. Nasdaq-100 futures gained 1.3%. S&P 500 futures rose 0.5%. Futures tied to the Dow Jones Industrial Average fell 43 points, or 0.1%. Meta rose more than 19% in premarket trading after reporting a fourth-quarter revenue increase … Read more

Asia-Pacific markets are rising especially as investors process the Fed’s smaller quarter-point increase

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

Bitcoin pauses as crypto traders wait for the Fed decision. Brace yourself for volatility.

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

OPEC+ committee recommends no change to oil output policy during virtual meeting

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

Demand for gold rose to an 11-year high after “colossal” central bank purchases

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

How the richest man in Asia lost his crown in a matter of days

Gautam Adani, billionaire and chairman of Adani Group, at an event at the Port of Haifa in Haifa, Israel, on Tuesday, January 31, 2023. Adani, the Indian billionaire whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said that his company will invest more in Israel. Bloomberg | Bloomberg | … Read more

Central banks will signal a rate slide in a crucial week

A screen shows the Fed 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