Facebook parent Meta Platforms Inc. META 22.51% Shares are on pace for their best day in nearly a decade after the company embraced investor-friendly moves including boosting its stock through a $40 billion buyback and cutting expenses in the face of increased competition. Shares of the social-media company jumped 23% to $188.02 in afternoon trading …
Meta Platforms Shares Surge on Cost Cuts, Stock Buyback Read More »
Text size Stock prices took off on Thursday morning. Here, a view from the New York Stock Exchange. Michael M. Santiago/Getty Images The market has had a great 2023 so far, but the rally may be here for a good time, not a long time. That doesn’t mean that investors can’t enjoy the ride. After …
The European Central Bank raised its key interest rate by 0.5 percentage point, diverging from the Federal Reserve, and indicated it would enact a similar increase in March, as resilient economic growth in the eurozone and a rapid reopening of China’s economy are expected to keep inflation. high. The ECB’s move, its fifth large rate …
ECB raises interest rate by Half Percentage Point Read More »
By Cecilia Butini Roche Holding AG reported sales growth in 2022, but said it expects a decrease in sales for 2023 due to a drop in the sale of Covid-19 products. The Swiss pharma major posted sales of 63.28 billion Swiss francs ($69.65 billion) for the full year 2022, up from CHF62.80 billion in 2021 …
The Bitcoin logo on a Coinstar cryptocurrency ATM at a grocery store in Washington, Jan. 19. Photo: stefani reynolds/Agence France-Presse/Getty Images In the US in recent years, privately owned companies have issued thousands of new cryptocurrencies, large and small. These have subsequently become publicly traded without any governmental pre-approval of disclosures. In some cases, a …
By Xavier Fontdegloria The eurozone’s unemployment rate held up at its record low in December, highlighting the strength of the labor market at the end of the year even as the economy lost steam. The eurozone unemployment rate was 6.6% in December, unchanged from November, according to data from the European Union’s statistics agency Eurostat …
Eurozone Unemployment Rate Stabilized in December, Signaling Labor-Market Resilience Read More »
By Anthony O. Goriainoff Restore PLC said Wednesday that its performance in 2022 was in line with market expectations and that it entered 2023 with positive momentum as it continued to see substantial growth potential across its organic and acquisition strategies. The London-listed office-services company said its performance in the year reflected its underlying resilience …
Restore 2022 Performance in Line With Views; 2023 Started With Positive Momentum Read More »
A US weapons maker is offering to sell the Ukraine government two Reaper MQ-9 drones for a dollar in an effort to help the country defend itself as it prepares for an expected Russian offensive. The deal also would require Kyiv to spend about $10 million to prepare and ship the aircraft to Ukraine, and …
US Company Offers Advanced Drones to Ukraine for One Dollar, With Some Costs Read More »
Text size A scene from the floor of the New York Stock Exchange last week. Michael M. Santiago/Getty Images The stock market just closed out a positive January. Coming on the heels of last year’s bear market, and combined with other recent moves, that is a particularly positive signal. The S&P 500 January ended with …
The Stock Market Had a Great January. Now, It’s All the Fed. Read More »
Text size A scene from the floor of the New York Stock Exchange last week. Michael M. Santiago/Getty Images The stock market is closing out a positive January. Coming on the heels of last year’s bear market, and combined with other recent moves, that is a particularly positive signal. Based on its level near midday …
What the Stock Market’s Strong January Means for the Rest of the Year Read More »
