Ready to do more on inflation if needed
Share: “British central bank was prepared to do more to get inflation back to target,” said Bank of England (BoE) Chief Economist Huw Pill on Monday per Reuters. The news also states that the BoE suggested last week that interest rates were approaching their peak. Key comments I do have a high degree […]
Ryan Cohen’s stake helps AMC rally
Ryan Cohen has reportedly taken a large stake in the company. AMC stock is up 3% against a declining NASDAQ. US Dollar strength caused by a hot NFP figure is hurting equities. JWN stock has traded up as much as 35% in Friday’s premarket. As if there was not enough news this week, meme stock […]
INTC down nearly 11% in premarket as poor guidance spreads worries
Intel stock has lost nearly 11% in the premarket INTC dropped on account of Thursday’s evening’s quarterly release. Intel missed earnings expectations by half and revenue consensus by $500 million. CEO Pat Gelsinger said current quarter’s revenue would be $3 billion below expectations. Well, that did not go as planned. Intel (INTC) launched the semiconductors […]
BoJ deploys funds-supply tool again as JGB yields creep up
Bank of Japan (BoJ) marked another show of the Yield Curve Control (YCC) on early Friday as it extends five-year loans against collateral to financial Source link
Businesses see lower odds US in or entering recession
Early Monday morning in Europe, the National Association of Business Economics (NABE) released details of its January 4-11 survey on the US business conditions while pushing back the recession woes in the world’s largest economy. “The likelihood that the United States is already in recession or will fall into one this year has dropped over […]
GOOG jumps on layoffs affecting 6% of search giant’s workforce
Alphabet will lay off about 12,000 employees. GOOG stock has benefited from the news on Friday. Alphabet will focus on AI technolgy. $102 is the next price target for GOOG bulls. Alphabet (GOOG) stock advanced 3.7% to $97.40 on Friday after the paid search and online advertising behemoth announced 12,000 job cuts. Recent data suggests Alphabet, […]
JPMorgan, Bank of America beat on top and bottom lines, Bank of New York Mellon misses on revenue
Banks started the earnings season off on solid footing. JPMorgan beat on top and bottom lines for Q4. Bank of America beat EPS consenus by about 10%. Bank of New York Mellon stock fell on a revenue miss. A flurry of banks fired the starter pistol of earnings season early on Friday. JPMorgan (JPM) and Bank […]
GME backtracks after Thursday’s 8% gain
GameStop stock has shed value on Friday alonside broad market. Tesla cutting its prices in the United States has hurt its share price. Bed Bath & Beyond stock has lost more than 5%. Bank earnings results in the premarket were robust, but JPMorgan still expects a recession. GameStop (GME) stock has given back 0.6% on Friday […]
China growth to be back on track soon
“The world’s second-largest economy is expected to quickly rebound because of the country’s optimized Covid-19 response and after its economic policies continue to take effect,” Bloomberg quotes an interview from Guo Shuqing, party secretary of the People’s Bank of China (PBOC), to People’s Daily published on Sunday. Additional comments As China’s government gives households and […]