Eurozone inflation eased in the last two months of 2022, but the economic indicator is still well above the European Central Bank’s 2% mandate. Jeff Greenberg | Universal Image Group | Getty Images Inflation in the euro zone fell for a third consecutive month in January due to a significant drop in energy costs. Headline …
Eurozone inflation January 2023 print ahead of ECB rate meeting Read More »
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 …
Central banks set to signal path of sliding interest rates in crucial week Read More »
Most dollar bonds issued by the Adani Group of companies gained for a second day on Wednesday after its flagship sold $2.5 billion worth of shares in a fully subscribed follow-on offering.The 2024 ratings of Adani green energy ltd. gained nearly 5 cents on the dollar to 80.9 cents as of 9:35 a.m. in Hong …
Most Adani bonds rebound after group shares sold for $2.5 billion Read More »
A man walks through Google’s offices on January 25, 2023 in New York. Leonard Munoz | Corbis News | Getty Images Google is testing new AI-powered chat products that are likely to influence a future public product launch. They include a new chatbot and a potential way to integrate it into a search engine. The …
Google is testing the ChatGPT-like ‘Apprentice Bard’ chatbot with employees Read More »
Traders on the NYSE floor Source: NYSE Stock futures fell Tuesday night as investors anticipated Wednesday’s Federal Reserve meeting. Futures contracts linked to the Dow Jones Industrial Average lost 48 points or 0.14%. S&P 500 futures and Nasdaq Composite futures were down 0.20% and 0.37%, respectively. The moves come after stocks surged to end January …
Stock futures fall as traders await latest Federal Reserve rate hike decision Read More »
Amazon’s corporate headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon has recommended that all employees in its Seattle office work from home, leaving much of downtown nearly empty of people. John Moore | Getty Images from Amazon More than 18,000 job cuts announced this …
Amazon layoffs hit workers in robotics, grocery, healthcare and AWS units Read More »
The latest eurozone growth figures are out as the ECB ponders what to do next. Nurphoto | Nurphoto | Getty Images The euro zone beat expectations on Tuesday by posting positive growth in the last quarter of 2022 and easing fears of a possible regional recession. Preliminary Eurostat data released on Tuesday showed the euro …
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA …
Asia-Pacific stocks, Fed, earnings, economic data Read More »
UBS has released its fourth quarter and full year results. Fabrice Cofrini | AFP | Getty Images UBS beat market expectations with its latest results amid weaker spending and higher interest rates. The bank reported net profit of $1.7 billion in the fourth quarter of last year, taking its total annual profit to $7.6 billion …
Famous short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the street [since] 1980 [and] no bear market has ever traded above nine times to 14 times previous peak earnings,” the Chanos & Co. founder told CNBC’s “Fast Money” on Monday. His latest warning comes midway through the earnings season, …
Investors dangerously unaware of bear market’s impact on earnings Read More »