Breaking News: Markets
Asia-Pacific markets set for mixed open after Fed casts doubt on another rate cut in December
A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set for a mixed open Thursday, after U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut in December was far from a “foregone […]
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Trump’s rare earth deals target China’s dominance — here’s why change won’t come soon
Chen Kerong, director of production at Neo Material Technologies Inc.’s Magnequench Tianjin Co. factory, opens a barrel of annealed neodymium iron boron magnets prior to being crushed into powder in Tianjin, China. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump’s push to secure rare earth supply deals across Asia will ultimately weaken China’s […]
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Fund managers reveal their bubble recipes and what to watch for as AI stocks soar
AI is tipped to transform the economy and eventually evolve into a $4.8 trillion market, but the question on everyone’s lips right now is: is the market in a bubble? Everyone from tech CEOs to asset managers and central bankers is worried the promise of AI could quickly turn sour if it doesn’t live up […]
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Stocks making the biggest moves after hours: Alphabet, Meta, Starbucks, Microsoft and more
Check out the companies making headlines in after-hours trading. Alphabet — Shares of the Google parent jumped nearly 5% on the back of strong results , which included better-than-expected Google Cloud revenue and YouTube advertising revenue. Alphabet earned $3.10 per share, on an adusted basis, topping the $2.33 per share estimate from LSEG. The search […]
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Chipotle cuts same-store sales forecast for third straight quarter as diner visits drop again
A customer carries a Chipotle bag in San Francisco, California, US, on Friday, Jan. 31, 2025. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly revenue that fell short of expectations and cut its same-store sales forecast for the third straight quarter. Chipotle is expecting its full-year same-store sales […]
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Market moves after the Fed rate cut — plus, two price target hikes on big-name stocks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 flipped between positive and negative Wednesday afternoon after Federal Reserve Chairman Jerome Powell said a December interest rate cut was […]
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Starbucks is about to report earnings. Here’s what to expect
The American multinational chain Starbucks Coffee store and logo seen displayed. Sopa Images | Lightrocket | Getty Images Starbucks is expected to report its quarterly earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report for its fiscal fourth quarter: Earnings per share: 56 cents […]
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Fed cuts rates for the second time this year, will end balance sheet run-off in December
The Federal Reserve on Wednesday approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw doubt on whether another reduction is coming in December. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. In addition to […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in September. Text removed from the September statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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