Nasdaq 100 futures rise after Meta beat quarterly sales

Nasdaq 100 futures rise after Meta beat quarterly sales

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

Asia-Pacific markets are rising especially as investors process the Fed’s smaller quarter-point increase

Asia-Pacific markets are rising especially as investors process the Fed’s smaller quarter-point increase

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

Bitcoin Price Rise With Other Risk Assets. Thanks the Fed.

Bitcoin Price Rise With Other Risk Assets.  Thanks the Fed.

font size Bitcoin has rallied higher to start the year, but there is reason to believe that the gains could be unsustainable. Dream time Bitcoin and other cryptocurrencies rose along with other risky assets on Wednesday after the Federal Reserve hiked interest rates by a quarter point. It’s another rate hike, but a marked slowdown … Read more

OPEC+ committee recommends no change to oil output policy during virtual meeting

OPEC+ committee recommends no change to oil output policy during virtual meeting

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

Demand for gold rose to an 11-year high after “colossal” central bank purchases

Demand for gold rose to an 11-year high after “colossal” central bank purchases

Ingots of 99.99 percent pure gold are placed in a workspace at the Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand surged to an 11-year high in 2022 on the back of “colossal central bank buying, aided by strong retail buying,” according to … Read more

How the richest man in Asia lost his crown in a matter of days

How the richest man in Asia lost his crown in a matter of days

Gautam Adani, billionaire and chairman of Adani Group, at an event at the Port of Haifa in Haifa, Israel, on Tuesday, January 31, 2023. Adani, the Indian billionaire whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said that his company will invest more in Israel. Bloomberg | Bloomberg | … Read more

Britain is drafting plans to regulate the crypto industry in the wake of FTX’s collapse

Britain is drafting plans to regulate the crypto industry in the wake of FTX’s collapse

British Prime Minister Rishi Sunak speaks at a Q&A at Teesside University on January 30, 2023. Oli Scarf | Wpa Pool | Getty Images NewsS The UK has formally laid out plans to regulate the cryptocurrency industry, with the government looking to curb some of the reckless trading practices that have emerged over the past … Read more

Central banks will signal a rate slide in a crucial week

Central banks will signal a rate slide in a crucial week

A screen shows the Fed 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 … Read more

Equity futures are ticking lower as traders await the Federal Reserve’s final decision on rate hikes

Equity futures are ticking lower as traders await the Federal Reserve’s final decision on rate hikes

Traders on the floor of the NYSE Source: NYSE Stock futures fell Tuesday evening as investors looked ahead to the Federal Reserve’s Wednesday meeting. Futures linked to the Dow Jones Industrial Average lost 48 points, or 0.14%. S&P 500 futures and Nasdaq Composite futures fell 0.20% and 0.37% respectively. The moves come after shares surged … Read more

The stock market had a great January. Now it’s all the Fed.

The stock market had a great January.  Now it’s all the Fed.

Font size A scene from the floor of the New York Stock Exchange last week. Michael M. Santiago/Getty Images The stock market just ended a positive January. After last year’s bear market, and in combination with other recent movements, this is a very positive signal. The S&P 500 closed January with a gain of just … Read more