Tag Archives: Outlook

Transformation ‘well underway’ despite Q1 outlook

Transformation ‘well underway’ despite Q1 outlook

Intel (INTC) shares sink lower Friday morning after releasing less than optimistic first-quarter guidance than Wall Street was hoping for from the chipmaker. Intel topped fourth-quarter earnings estimates, but its wavering confidence in 2024 may be weighing on other semiconductor stocks. Intel CEO Patrick Gelsinger sits down with Yahoo Finance Executive Editor Brian Sozzi to assess investor sentiment over the first-quarter outlook, detailing Intel’s investment in its foundry — or… Source link

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Stocks mixed as Intel outlook chills techs

Stocks mixed as Intel outlook chills techs

Stocks retreated Friday following a gloomy outlook from Intel and as investors parsed a key inflation reading seen as influential in the timing of an interest rate cut. The S&P 500 (^GSPC) rose above the flatline after a winning Thursday saw the benchmark close at another record high. The Dow Jones Industrial Average (^DJI) edged up 0.2% or about 80 points, while the tech-heavy Nasdaq Composite (^IXIC) sank 0.1% Techs led the way lower after Intel’s (INTC) first quarter outlook fell well short… Source link

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European Stocks Slip as Traders Weigh Rate Outlook: Markets Wrap

European Stocks Slip as Traders Weigh Rate Outlook: Markets Wrap

(Bloomberg) — European stocks fell as traders weighed the outlook for monetary policy ahead of a raft of speeches by policy makers at the World Economic Forum in Davos this week. Most Read from Bloomberg The Stoxx Europe 600 index slipped 0.2%, extending a lackluster start to the year after a 13% rise in 2023. Basic resources and carmakers led the decline after Germany’s economy dodged a recession, though the latest data showed it contracted for the first time since the pandemic last year…. Source link

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PwC survey finds ‘bleak CEO outlook’ for 2023

PwC survey finds ‘bleak CEO outlook’ for 2023

CEOs may be less cheery than usual as they sip crisp Davos spring water and eat pricey sustainably-raised fish at this year’s World Economic Forum (WEF). PwC’s global CEO survey, which polled 4,410 CEOs in 105 countries and territories in October and November 2022, found that 73% of CEOs believed global economic growth will decline over the next twelve months. The survey was released as the WEF kicks off. “The bleak CEO outlook is the most pessimistic CEOs have been regarding global economic… Source link

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Stocks sink after Fed hikes, Powell gives hawkish outlook

Stocks sink after Fed hikes, Powell gives hawkish outlook

U.S. stocks fell in volatile trading Wednesday after the Federal Reserve delivered its seventh and final interest rate increase of 2022 and Chair Jerome Powell asserted in hawkish remarks that further tightening is underway. The central bank lifted its key policy rate by half a percentage point, slowing the pace from hikes of 75 basis points across the prior four meetings. The move brings the federal funds rate to a new range of 4.25% to 4.5%, the highest level since December 2007. The S&P 500… Source link

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