How the Fed managed to spark a stock market rally while sticking to tough talk on interest rates
Fed Chairman Jerome Powell talked tough Wednesday, promising more rate hikes, but he also let slip a few dovish comments that sent stocks sharply higher.
Here are JPMorgan’s top stock picks heading into February
The firm published its monthly U.S. Analyst Focus List on Wednesday, which highlights some of its analysts’ favored stock ideas.
CNBC Pro Talks: Top investor Karen Firestone sees value in these ‘in therapy’ stocks making their way out of the doghouse
2023 started off with a bang for the markets as investors piled into stocks that took a beating last year. Now earnings are coming into focus, and some are wondering if they bought too much too fast. Aureus Asset Management CEO Karen Firestone has been…
The Federal Reserve raised rates. Chair Powell says it’s ‘premature’ to declare victory against inflation
The Federal Reserve raised rates by 25 basis points, or 0.25 percentage point, as was widely expected.
Adani abandons $2.5 billion share sale in big blow to Indian tycoon
Gautam Adani’s flagship firm called off its $2.5 billion share sale in a dramatic reversal as a rout sparked by a U.S. short-seller wiped billions more off the stocks.
Samsung launches new Galaxy S23 smartphone lineup with improved camera, gaming capabilities
Samsung launched its new Galaxy S23 smartphone lineup Wednesday. The S23 will go head-to-head with Apple’s iPhone 14.
European stocks close lower as markets await Fed’s latest rate decision
European markets closed lower Wednesday, with investors keeping a close eye on the U.S. Federal Reserve’s next monetary policy decision.
Meta shares soar almost 20% on fourth-quarter revenue beat
Facebook-parent Meta reported revenue for the fourth quarter that topped estimates and gave a forecast suggesting that sales could rise in the first quarter.
Early retiree says breaking these 6 ‘society rules’ helped him save $1 million: ‘I wasn’t born rich’
Early retiree Steve Adcock saved $1 million by working 9-to-5 jobs, investing well, and breaking society rules. Here’s his best advice for achieving a successful life.
Latvia threatens Olympic boycott if Russians compete
The Latvian Olympic Committee is the first national Olympic body other than Ukraine which has threatened to boycott rather than compete against Russia.
