Amazon.com Inc just reported its least profitable fourth quarter since 2014. Shares are trading down in extended hours. The stock is taking a hit also on weak guidance. In its current financial quarter, Amazon expects to bring in $121 billion to $126 billion of revenue on $4.0 billion in operating profit at the top end […]Read More

“Real estate” is a great pick for investors wanting to somewhat insulate from the macroeconomic volatility, says Uma Moriarity – Senior Investment Strategist at CenterSquare. Moriarity makes a case for REITs Last night, Fed Chair Powell reiterated that the central bank wasn’t yet done raising rates, keeping fears of a recession in play (find out […]Read More

Shares of FedEx Corp (NYSE: FDX) are trading up this morning after a Citi analyst turned bullish on the multinational package delivery company. FedEx is cutting jobs to minimise costs Christian Wetherbee has had a change of heart just a day after FedEx Corp said it will lay off over 10% of its officers and […]Read More

A US judge has dismissed a lawsuit that alleged the crypto exchange Coinbase Global Inc (NASDAQ: COIN) sold unregistered securities, Reuters reported. The class action lawsuit, filed in 2021, also claimed that Coinbase had not registered as a broker-dealer with the US Securities and Exchange Commission (SEC). The suit stated that the US-based crypto platform […]Read More

S&P 500, on Thursday, is building on its gains from last night that realised after the U.S. Federal Reserve switched to a narrower 25 basis points increase in interest rates. Dalio picks cash over stocks and bonds Still, billionaire investor Ray Dalio recommends moving with “caution” since the upside may just prove to be short […]Read More

With the CME FedWatch Tool showing a likelihood of over 99% of a 25-bps hike in the first meeting of the year, the FOMC delivered exactly as expected, raising the federal funds rate to 4.50% – 4.75%. This move places rates at their highest levels in over 15 years, following accelerated tightening including four consecutive […]Read More

The much-awaited Federal Reserve (Fed) monetary policy decision triggered volatility in financial markets. While the outcome was widely expected (i.e., Fed hiking the funds rate by 25bp), the press conference turned out to be more important for markets than the actual hike. It makes sense, given the forward-looking nature of markets. With yesterday’s hike, the […]Read More

Shares of Meta Platforms Inc (NASDAQ: META) surged nearly 20% in extended hours after the tech behemoth issued upbeat sales guidance and increased its share repurchase authorisation by $40 billion. Meta stock up on number of users Also a positive was the number of users on Facebook that, for the first time, hit the $2.0 […]Read More