Stocks moving high noon: META, ALGN, COIN

Stocks moving high noon: META, ALGN, COIN

The Commission challenged Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Pictures | Light flare | Getty Images Find out which companies are making headlines in the midday business. Meta – Shares of the tech giant jumped 25% midway through the trading day, on track for its strongest day … Read more

Wall Street analysts bullish on META, NVDA and FSLR

Wall Street analysts bullish on META, NVDA and FSLR

Here are Thursday’s most important calls on Wall Street: JMP downgrades Peloton to market performance from outperformance JMP downgraded the stock primarily on valuation. “We are downgrading our rating on Peloton shares from Market Outperform to Market Perform as Peloton hit our previous price target of $16 while we leave our estimates for fiscal 2024 … Read more

European Central Bank raises rates by 50 basis points, promises another hike in March

European Central Bank raises rates by 50 basis points, promises another hike in March

Christine Lagarde, President of the European Central Bank speaks at an event. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday confirmed expectations of an interest rate hike of 50 basis points, taking its key rate to 2.5%. In a statement, he pledged to “stay the course by raising interest rates significantly … Read more

Nasdaq 100 futures rise after Meta beats quarterly earnings

Nasdaq 100 futures rise after Meta beats quarterly earnings

Nasdaq 100 futures were higher overnight Wednesday. Nasdaq 100 futures gained 1.4%, helped by Meta stocks. S&P 500 futures jumped 0.5%. Futures contracts linked to the Dow Jones Industrial Average fell 45 points, or 0.13%. Meta jumped more than 19% in extended trading after reporting a pace of fourth-quarter revenue growth and announcing a $40 … Read more

Asia-Pacific markets rise mostly as investors digest Fed’s smallest quarter-point hike

Asia-Pacific markets rise mostly as investors digest Fed’s smallest quarter-point hike

Signs of ‘sequential acceleration’ in Hong Kong despite economic contraction in 2022: UBP Hong Kong’s economy is “positioned to return to expansion” this year, UBP told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing signs that there was a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s senior economist … Read more

OPEC+ committee recommends no change to oil production policy in virtual meeting

OPEC+ committee recommends no change to oil production policy in virtual meeting

The OPEC logo is pictured at OPEC headquarters on October 4, 2022. Joe Clamar | AFP | Getty Images A technical committee of the influential coalition of oil producers OPEC+ made no recommendations to change the group’s existing production policy at its last meeting, according to three delegates. The OPEC+ Joint Ministerial Monitoring Committee, which … Read more

Bitcoin pauses as crypto traders await Fed decision. Prepare for volatility.

Bitcoin pauses as crypto traders await Fed decision.  Prepare for volatility.

Text size Bitcoin rose to start the year, but there are reasons to believe the gains may be unsustainable. The time of dreams Bitcoin and other cryptocurrencies were paused on Wednesday as traders awaited a key interest rate decision from the Federal Reserve. After the best January for Bitcoin in a decade, bad news from … Read more

Gold demand hits 11-year high on ‘colossal’ central bank buying

Gold demand hits 11-year high on ‘colossal’ central bank buying

Bars of 99.99% pure gold are placed in a work room at the Krastsvetmet precious metals factory in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand hit an 11-year high in 2022 thanks to “colossal central bank buying, aided by vigorous buying by retail investors,” according to the … Read more

Britain Outlines Plans To Regulate Crypto Industry Following FTX Collapse

Britain Outlines Plans To Regulate Crypto Industry Following FTX Collapse

Britain’s Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University on January 30, 2023. Oli Scarf | Swimming pool Wpa | Getty Images The UK has officially laid out plans to regulate the cryptocurrency industry, with the government seeking to curb some of the reckless business practices that have emerged … Read more

Central banks set to signal path of sliding interest rates in crucial week

Central banks set to signal path of sliding interest rates in crucial week

A screen displays the Fed’s 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