AirAsia celebrated its 21st anniversary with the formation of an airline in Cambodia. Danielle Keeton-Olsen for Forbes Asia AirAsia Aviation Group—controlled by Malaysian tycoons Tony Fernandes and Ka...
Tag: Markets
Stocks Climb as Inflation Data Take Center Stage: Markets Wrap
(Bloomberg) — Stocks climbed on Friday while the dollar and bond yields fell as investors looked to inflation readings for clues on the path of interest rate hikes. Most Read from Bloomberg Euro...
Financial markets are flashing a warning that a recession is imminent: here’s what it means for stocks
Across markets, familiar trading patterns for stocks, bonds and commodities that have held for months are starting to unravel as financial markets grapple with expectations that the U.S. economy will ...
Costco Misses Earnings and Revenue Expectations
Costco Wholesale got a sluggish start to its new fiscal year, missing earnings and revenue expectations and sending the stock lower in after-hours trading on Thursday. Investors had been wary headed i...
Costco reports mixed quarter, but positive catalysts on the horizon
Costco Wholesale (COST) reported mixed fiscal first-quarter results after the closing bell Thursday, amid weaker consumer demand. But the Club continues to see the fundamentals of the business as soli...
Jim Cramer says he likes these 2 Covid-era winners that are making a comeback
CNBC’s Jim Cramer on Thursday offered investors a list of his favorite e-commerce stocks that have made a comeback since peaking during the height of the pandemic. “Most of the Covid stock...
Jim Cramer says the economy is stabilizing and can avoid a recession
CNBC’s Jim Cramer on Thursday said that the economy could be on pace for a soft landing, despite what Wall Street bears might believe. “It doesn’t have to be a recession. The economy...
Stocks making the biggest moves after hours: Lululemon, Costco and more
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making he...
‘Wolf of Wall Street’ Jordan Belfort Expects Bitcoin and Ethereum to Be ‘Substantially Higher’ Despite FTX Collapse – Markets and Prices Bitcoin News
Jordan Belfort, aka the Wolf of Wall Street, expects bitcoin and ethereum to be “a lot higher” than they are now. Noting that the collapsed crypto exchange FTX is a scam, he stressed that its implosio...
Analysis of Signature Bank’s Comments at Goldman Sachs US Financial Services Conference
December 8, 2022, 1:33PM EST • 2 min read Quick Take December 6, 2022 Signature Bank gave remarks regarding their crypto strategy and FTX at Goldman Sach’s Conference Signature reducing digital asset...
AT&T Stock Is Now a Buy, This Analyst Says. Growth Potential Is Why.
AT&T has had a strong year, and it’s now on pace for “sustainable long-term growth,” according to Argus Research. Analyst Joseph Bonner upgraded shares of AT&T (ticker: T) to Buy from Hold and...
Jim Cramer’s Investing Club meeting Thursday: Disney, Salesforce
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. DIS buying opportunity CR...
Grayscale’s GBTC discount to NAV hits all-time low of 47%
The price of Grayscale Bitcoin Trust (GBTC) versus the bitcoin it actually holds hit an all time low on Wednesday, with the discount ratio reaching 47.3%, according to data from The Block. The G...
California offshore wind auction surpasses $757 million in bids
Offshore wind farm. davee hughes uk | Moment | Getty Images The Biden administration on Wednesday announced more than $757 million in winning bids for its auction of offshore wind development rights i...
Is The Housing Market Slowing Down: Redfin 2023 Predictions
Getty Images Key takeaways As mortgage rates rise and inflation remains stubborn, there are signs that the housing market is slowing down Real estate brokerage Redfin predicts that housing sales will ...
2022 – Crypto Markets: A Year in Review
By the end of the summer, crypto markets were showing signs of stabilizing. The leverage in the ecosystem had apparently been purged from the markets and investor confidence began to return to crypto....
Ciena, GameStop, Rent The Runway and others
Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. C...
Bloomberg Analyst Says Ethereum (ETH) and Rest of Crypto Markets To Rise Again in 2023
Bloomberg commodity strategist Mike McGlone thinks crypto will return to outperforming traditional assets next year. In a new analysis, McGlone notes that the value of the crypto market was slashed by...
ETH Price to Fall to $922 by December 10, Coincodex Predicts – Markets and Prices Bitcoin News
The U.S. dollar price of ether, which presently hovers around $1,200, is expected to fall to $922.66 by Dec. 10, a Coincodex prediction chart has shown. Ethereum is nonetheless projected to close the ...
Oil Markets Are Bearish But Downside Is Limited
WTI and Brent crude oil prices fell for a third straight session on Tuesday, with the U.S. benchmark now at its lowest level in a year. Front-month Nymex crude for January delivery closed the day -3.5...
C3.ai Completes Switch to New Business Model, as Sales Meet Street Estimates
C3.ai stock is little changed after the enterprise artificial intelligence software company posted financial results for its fiscal second quarter ended Oct. 31 that were largely in line with guidance...
Mad Money’s Jim Cramer Advises Investors to Get out of Crypto — Says ‘It’s Never Too Late to Sell’ – Markets and Prices Bitcoin News
The host of Mad Money, Jim Cramer, has advised investors to sell their crypto, emphasizing that “it’s never too late to sell an awful position.” Regarding FTX, Cramer predicted that the collapsed trad...
Canada’s Biggest Pension fund CPPI dropped crypto investment plan amid unstable markets
Canadian pension fund CPP Investments which manages $388 billion for roughly 20 million Canadians, has given up its crypto investment plan after a year-long study of crypto investment opportunities, a...
Rich Chinese keep spending while others cut back: McKinsey survey
Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — Wealthier Chinese were ...
Cardano Founder Explains Why Project Hasn’t Penetrated Indian Markets Much
IOHK CEO Charles Hoskinson took to Twitter to explain why, despite the potential, Cardano has not penetrated the Indian markets much. India has been strongly anti-crypto, with numerous government atte...
Vietnamese Tesla Rival Announces Plans to Go Public
VinFast, the Vietnam-based electric-vehicle maker, is shifting into high gear. The company on Dec. 7 said it had filed for an initial public offering with the U.S. Securities and Exchange Commission. ...
Verizon stock has had a tough year. Is a ‘drastic’ shakeup in order?
At a time when AT&T Inc. is winning praise for disentangling itself from recent deals, is it time for rival Verizon Communications Inc. to actually think about a merger of its own? LightShed Partn...