Snap is up 50% and Pinterest is rallying too. Are the lows in? Let’s look. Social media stocks were destroyed on Thursday in the wake of Meta’s (MVRS) – Get Meta Report disappointing quarterly results. The Read more…
Meanwhile, only three companies with at least $50 million of liabilities filed for bankruptcy in January. U.S. corporate bankruptcies dropped to their lowest level last year since 2006. That information came from the Wall Street Read more…
The mythical prancing horse brand on June 16 will unveil its EV electric vehicle strategy, but its CEO has already warned that its priority is to give customers what they want. Ferrari (RACE) – Get Read more…
The other three stocks CNBC notes are German logistics company Deutsche Post, French utility Engie and French oil company TotalEnergies. Heineken (HEINY) , the Dutch beer titan, and U.K. oil company BP (BP) – Get Read more…
Ford stock is falling after disappointing earnings. Here’s where the potential support is. The market on Friday is mixed, with the Nasdaq a touch higher. But Ford (F) – Get Ford Motor Company Report stock is missing out, Read more…
The Ark Venture Fund would invest in private companies and limit withdrawals. Its minimum investment: $1,000. Star investor Cathie Wood’s Ark Investment Management has filed for a new fund that would include private companies and Read more…
The skidding US dollar will be looking to the January inflation readings out of the United States to reverse its decline as financial markets enter a somewhat quieter week. UK GDP growth numbers will be Read more…
German yields rose and EUR gained three figures against the USD this week to 1.14, as markets priced in an increasingly hawkish ECB. After the ECB Governing Council meeting on Thursday, we changed our call Read more…
Markets This morning, US and European interest rate markets continued yesterday’s ‘unusual’ disconnect. European markets still reacted to yesterday’s ‘implicit’ U-turn of Chair Lagarde. She backtracked on the ‘temporary inflation’ narrative and didn’t repeat the Read more…
Profit in Amazon’s Web Services cloud computing division clocked in at nearly $18 billion last quarter. Web3 proponents are doubling down to take a piece of the pie. Double-digit growth, record profit, a finger, toe Read more…