Amazon shares rallied in extended trading Thursday after the company posted a big earnings beat for the fourth quarter, helped by a gain on its investment in electric vehicle company Rivian.
Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
Omicron, inflation and a lack of government stimulus have some Venmo users nervous about spending money from their digital wallets. Thats bad news for Venmo owner PayPal — and a potential warning sign for consumer spending in general.
Alphabet beat on the top and bottom lines for the fourth quarter. The stock jumped in extended trading after the report. The company also announced a 20-for-1 stock split.
Sales of real estate in the metaverse topped $500 million last year and could double this year, according to investors and analytics firms.
Citi recently added its asset allocation to Japan and China, said Ken Peng of Citi Private Bank. “These two are our top picks for the region,” he said.
The chief of the Kansas City Federal Reserve on Monday said the U.S. central bank should raise interest rates soon and pursue a big reduction in its nearly $9 trillion stockpile of bonds.
“There are disturbing echoes of the subprime crash” in the cryptocurrency market, Nobel Prize-winning economist Paul Krugman says.
The world’s richest people have seen their net worths take a beating in the first few weeks of 2022 except for Warren Buffett.
The International Monetary Fund has warned markets’ tumultuous sell off could continue further into 2022.
BlackRock’s latest addition to its lineup of ETFs aims to capture a swath of China’s technology firms across multiple sectors.
Brent crude futures, the international oil benchmark, topped $90 on Wednesday for the first time in more than seven years.
The Federal Reserve on Wednesday confirmed what investors already knew: Interest rates will start to rise in March just as the central bank’s emergency bond-buying program fully concludes.
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Its been a rough start to 2022 for the worlds richest person. Hes not too worried, though.
