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Monthly Archives: January 2023

Euro zone GDP Q4 2022

The latest euro zone growth numbers are out as the ECB considers what to do next. Nurphoto | Nurphoto | Getty Images The euro zone beat expectations on Tuesday by posting positive growth in the final quarter of 2022 and reducing fears of a potential regional recession. Preliminary Eurostat data …

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Asia’s chipmakers fall as Samsung sees worst quarterly profit in 8 years

Attendees wait in line beneath a large LED display of smart connected home products to enter the Samsung Electronics booth, during the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 6, 2023. Patrick T. Fallon | AFP | Getty Images Shares of semiconductors in Asia fell as South …

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After supposed Russian exodus, most major companies have yet to withdraw

The logo of German consumer chemicals giant Henkel can be seen at the company’s plant in Duesseldorf, western Germany, on January 18, 2016.  PATRIK STOLLARZ | AFP | Getty Images After Russian troops invaded Ukraine in February 2022, companies across the G-7 major economies and the European Union announced plans …

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UBS earnings Q4 and FY 2022

UBS reported fourth quarter and full-year earnings. Fabrice Coffrini | Afp | Getty Images UBS beat market expectations with its latest results on the back of lower expenses and higher interest rates. The bank reported $1.7 billion of net income for the fourth quarter of last year, bringing its total …

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McDonald’s (MCD) Q4 2022 earnings

A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell Tuesday. Here’s what analysts surveyed by Refinitiv are expecting the company to report: related investing news …

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Charts suggest the S&P 500 is nearing a ‘decisive’ moment, Cramer says

CNBC’s Jim Cramer on Monday said the benchmark S&P 500 could be at a pivotal moment this week. “The charts, as interpreted by Mark Sebastian, suggest that we’re approaching a decisive moment here. If the S&P 500 can avoid a major decline this week, he’s feeling optimistic about the future …

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China stocks near bull market after return from Lunar New Year holidays

Tourists walk under colorful lanterns at Beijing Nangong Tourist Resort during the Spring Festival holiday on January 23, 2023 in Beijing, China. The Chinese Lunar New Year, or Spring Festival, falls on January 22. Vcg | Visual China Group | Getty Images China’s onshore A-shares were hovering close to bull …

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Biden plans to end public health emergency on May 11

U.S. President Joe Biden delivers remarks on the coronavirus disease (COVID-19) before receiving a second COVID-19 booster vaccination in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., March 30, 2022. Kevin Lamarque | Reuters The Biden administration plans to end the Covid public …

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Investors dangerously ignoring bear market impact on earnings

Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previous peak earnings,” the Chanos & Co. founder told CNBC’s “Fast Money” on Monday. His latest …

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IMF hikes global growth forecast as inflation cools

The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity. In its …

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