Markets

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 …

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Stock futures fall as traders await latest Federal Reserve rate hike decision

Traders on the NYSE floor Source: NYSE Stock futures fell on Wednesday as investors anticipated Wednesday’s Federal Reserve meeting. Futures contracts linked to the Dow Jones Industrial Average lost 140 points or 0.4%. S&P 500 futures and Nasdaq Composite futures fell 0.4% and 0.3%, respectively. The Fed will announce at 2:00 p.m. (ET) how much …

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Stocks moving the most before market: McDonald’s, UPS and more

Nathan Stirk | Getty Images News | Getty Images Find out which companies are making headlines before the bell. McDonald’s — Shares fell more than 1% after McDonald’s released its latest quarterly results. The fast-food giant beat revenue and earnings estimates, saying customers are increasingly visiting its restaurants. Still, McDonald’s CEO Chris Kempczinski said he …

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Asia-Pacific stocks, Fed, earnings, economic data

CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA …

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Most Adani stocks continue to lose; founder loses $28 billion in a month

Gautam Adani, chairman of Indian conglomerate Adani Group, at the World Congress of Accountants in Mumbai on November 2. 19, 2022. Founder Gautam Adani, Asia’s richest man and once second only to Elon Musk, has fallen among the world’s five richest to rank seventh on Bloomberg’s Billionaires Index. Indranil Mukherjee | AFP | Getty Images …

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Stock futures fall ahead of busy earnings week, Fed meeting

Stock futures traded lower on Monday morning as investors braced for a week of key corporate earnings and a possible Federal Reserve interest rate hike. Futures contracts linked to the Dow Jones Industrial Average slipped 178 points, or about 0.52%. S&P 500 futures fell 0.76% and Nasdaq 100 futures fell 1.1%. Wall Street is coming …

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China returns from New Year, CSI 300, New Zealand trade, Fed meeting

Visitors on the central street of Taipa village in Macao, China, on Wednesday January 1. 25, 2023. Tourism and spending are picking up in Macau as the Lunar New Year holiday spurred a surge in visitors after the easing of pandemic travel restrictions between the territory and mainland China. Bloomberg | Bloomberg | Getty Images …

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