Why China Is Suddenly Releasing News About Its Gold Purchases: World Gold Chair
We are seeing increasing investments on silver’s side, it continues to grow year after year… The fundamentals are just stronger for silver,” Smallwood asserts. “We saw the U.S. dollar weaponized so a lot of central banks around the world made a big swap toward the gold space,” he continues… Source link
David Einhorn says investors should be ‘bearish on stocks and bullish on inflation’
Greenlight Capital’s David Einhorn said Wednesday he’s keeping his negative stance on the stock market as inflation and interest rates could shoot higher.”I think we should be bearish on stocks and bullish on inflation,” Einhorn said on CNBC’s “Halftime Report.” “I think we’re in a policy now, which is probably pretty good for Main Street, […]
Stocks moving big after hours: PINS, CHGG, TTWO
Andrew Harrer | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell: Pinterest — The social media stock shed more than 7% after revenue for the recent quarter fell short of analysts’ expectations. Pinterest also shared guidance for the first quarter that was lighter than expected and said it expects sales to increase […]
January jobs seen slowing slightly, but impact of big layoffs unclear
Economists expect slightly slower, but still strong job growth in January, while the impact of corporate layoff announcements is unclear.According to Dow Jones, the consensus forecast calls for 187,000 new nonfarm jobs in January, down from 223,000 that were created in December. The employment report will be released at 8:30 a.m. ET Friday.The unemployment rate […]
The Federal Reserve is likely to hike rates by a quarter point
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Evelyn Hockstein | ReutersThe Federal Reserve is expected to raise interest rates by just a quarter point but also likely […]
Whirlpool, NXP Semiconductors, UnitedHealth and more
An employee stands next to a Whirlpool washing machine inside a home appliances showroom in New Delhi.Anindito Mukherjee | ReutersCheck out the companies making headlines after the bell: NXP Semiconductors — Shares of NXP Semiconductors dropped 3% in extended trading after its revenue outlook for the first quarter fell short of analysts’ expectations, according to FactSet. […]
Fourth-quarter 2022 GDP: What economists are expecting
Economic growth is expected to have slowed slightly in the fourth quarter but was still solid, driven by a strong consumer.Economists will be studying Thursday’s report on U.S. gross domestic product carefully for signs of how strong or weak the consumer actually was at the end of 2022. Retail sales suggest spending fell off sharply […]
Microsoft, Texas Instruments, Capital One & more
A building with offices belonging to Microsoft is seen in Chevy Chase, Maryland, January 18, 2023.Saul Loeb | AFP | Getty ImagesCheck out the companies making headlines after the bell: Microsoft — The tech giant saw shares rise 4% in extended trading after the company reported fiscal second-quarter results that exceeded analysts’ estimates, driven by the strong […]
NYSE says trading issue that led to dozens of stocks being halted has been resolved
Trading in dozens of stocks on the New York Stock Exchange was briefly halted shortly after the market opened Tuesday due to an apparent technical issue.The major stocks impacted included Morgan Stanley, Verizon, AT&T, Nike and McDonald’s, according to the NYSE’s website. Many stocks were shown to have abnormally large moves when the market opened, […]
Dimon says Congress shouldn’t play games with U.S. creditworthiness
Jamie Dimon, President, CEO & Chairman of JP Morgan Chase, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 19th, 2023. Adam Galica | CNBCJPMorgan Chase CEO Jamie Dimon said Thursday that politicians should be serious about the debt ceiling as Congress remains locked in a political fight to increase the U.S. borrowing limit.”We should […]