US consumer prices rose more than expected in January, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. Investors had been closely watching the print for clues on when the Federal Reserve will begin cutting interest rates. Markets are now pricing in a nearly 80% chance the Fed cuts rates in June, bucking previous expectations that the central bank would begin cutting rates in May. “This was a bad report for those betting the Fed is going to start… Source link
Read More »PayPal sees flat profit in ‘transition year,’ shares fall
By Manya Saini (Reuters) – PayPal’s forecast of flat growth in adjusted profit for the current year overshadowed its market-beating earnings report, sending shares of the payments giant down 7% in extended trading. On a post-earnings call, newly appointed CEO Alex Chriss laid out a strategic plan to turn the company leaner in its pursuit of driving profitable growth and ease pressure on its shares, which was one of the worst performers on the Nasdaq 100 Index in 2023. “We want to be clear eye… Source link
Read More »Shares Fall More on China Data Weakness, Fed Bets: Markets Wrap
(Bloomberg) — A stock selloff deepened in Asia, after fresh data redoubled concerns about China’s economy and as investors curbed wagers on Federal Reserve interest rate cuts. Most Read from Bloomberg Hong Kong shares led the declines, with the Hang Seng Index tanking nearly 4%. The CSI 300 mainland Chinese benchmark also fell 1.6%. The losses came after official figures showed while China reached its 2023 economic goal, the country’s housing slump has worsened and domestic demand… Source link
Read More »US stocks fall at start four-day trading week
US stocks retreated on Tuesday, with investors still focused on the path of interest rates after a lackluster start to earnings season that kicked off with big bank results. Dow Jones Industrial Average (^DJI) dropped 0.4%, while S&P 500 (^GSPC) shed 0.2%. The tech-heavy Nasdaq (^IXIC) was down 0.3% despite flipping into green territory several times during the session as semiconductors Nvidia (NVDA) and AMD (AMD) rose. Goldman Sachs (GS) shares were trading higher on Tuesday after the bank Source link
Read More »Pacers star Tyrese Haliburton carried off after awkward fall, splits in win over Celtics
Pacers star Tyrese Haliburton carried off after awkward fall, splits in win over Celtics Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Source link
Read More »Stock market news today: US futures fall after surprise drop in US unemployment – Yahoo Finance
[unable to retrieve full-text content]Stock market news today: US futures fall after surprise drop in US unemployment Yahoo Finance Source link
Read More »JPMorgan says S&P 500 will fall next year amid 'challenging macro backdrop' – Yahoo Finance
[unable to retrieve full-text content]JPMorgan says S&P 500 will fall next year amid ‘challenging macro backdrop’ Yahoo Finance Source link
Read More »Yandex's Q2 profits fall as costs rise versus 2022 'anomaly' – Reuters
[unable to retrieve full-text content]Yandex’s Q2 profits fall as costs rise versus 2022 ‘anomaly’ Reuters Source link
Read More »Yandex’s Q2 profits fall as costs rise versus 2022 ‘anomaly’
By Alexander Marrow and Gleb Stolyarov (Reuters) -Russian tech giant Yandex reported a 27% fall in second-quarter profits on Thursday as costs rose from a year earlier when the company tightened spending in the immediate aftermath of Russia’s invasion of Ukraine. Often dubbed “Russia’s Google”, Yandex has struggled to balance domestic pressures with the interests of its Western investors since Russia sent troops into Ukraine in February 2022. Yandex’s adjusted net income dropped to 9.6 billion… Source link
Read More »Stocks fall, JPMorgan surges after earnings: Stock market news today – Yahoo Finance
[unable to retrieve full-text content]Stocks fall, JPMorgan surges after earnings: Stock market news today Yahoo Finance Source link
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