Futures linked to the Nasdaq 100 were higher Wednesday night. Nasdaq 100 futures gained 1.4% helped by Meta stocks. S&P 500 futures rose 0.5%. Futures tied to the Dow Jones Industrial Average fell 45 points, or 0.13%. Meta was up more than 19% in expanded trading after reporting a fourth-quarter revenue increase and announcing a … Read more
Shell said last month that windfall taxes imposed by the European Union and the UK following the surge in profits would cost the group about $2 billion. Paul Ellis | Afp | Getty Images British oil giant Shell posted its highest annual profit on Thursday, buoyed by rising fossil fuel prices and strong demand since … Read more
Forget about growth stocks like technology. Analysts recommend that investors choose companies with a lot of cash. The market rallied in January, including the tech-heavy Nasdaq Composite, which rose nearly 10.7% last month for its best monthly performance since July. But analysts say companies with pricing power are a safer bet than technology, given that … Read more
US President Joe Biden and European Commission President Ursula von der Leyen. Bloomberg | Bloomberg | Getty Images The European Union is working against the clock to build a program to rival President Joe Biden’s unprecedented climate subsidies. But it will run into two major problems in the process. The EU has long been asking … Read more
Canadian Tammy Cecco was not a fan of cruising. “The thought of being on a ship with thousands of other people and not being able to get out,” she said, “I wanted to avoid.” That didn’t change when Cecco, a travel magazine publisher, boarded a surprise cruise her husband had booked to renew their vows … Read more
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
Chinese stocks have bounced back in recent months as the country reopened – and that’s got investors excited about technology. No Chinese technology stock has generated as much excitement as Alibaba, one of the most recognizable names in the Chinese internet sector. The stock is a hot favorite among Wall Street analysts, with the likes … Read more
A signage of the Adani group is pictured outside Chatrapati Shivaji Mumbai International Airport in Mumbai on July 28, 2021. (Photo by Indranil MUKHERJEE/AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee Afp | Getty Images On Wednesday, Gautam Adani announced that he is halting the $2.5 billion share sale of his company. He … Read more
Fed Chairman Jerome Powell spoke harshly on Wednesday, promising more rate hikes in the relentless battle against inflation, but he also released a few remarks mild enough to send the stock market up sharply. As expected, the Federal Reserve raised interest rates by a quarter point on Wednesday afternoon and also said in its statement … Read more
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
