Monthly Archives: February 2022
Stock futures rise slightly after S&P 500 posts best week of the year
(CNBC) U.S. stock index futures turned slightly positive in early morning trading on Monday after the S&P posted its best week of 2022, boosted by quarterly earnings reports and a better-than-expected January employment report. Futures contracts tied to the Dow […]
Fed influence, shaky forecasts, delayed decisions: How the Biden administration misread the inflation threat
(CNBC) When President Joe Biden nominated former Fed Chair Janet Yellen to run the Treasury Department, his rationale was simple: “No one is better prepared to deal with this crisis.” The crisis to which he referred was a “K-shaped” economic […]
Mark Zuckerberg’s net worth just fell almost $30 billion in one day—the second-biggest drop ever
(CNBC) With a current net worth of $84.3 billion, it is the first time the 37-year-old hasn’t been one of the 10 richest people on earth since summer 2015. Zuckerberg’s $29.8 billion loss is the second-largest single-day loss in history, […]
Facebook’s $237.6 billion fall sets record for largest one-day drop in stock market history
(CNBC) Facebook parent Meta lost more than $237 billion in value Thursday. That’s the biggest one-day drop in value in the history of the U.S. stock market. Meta’s plunge, based on a weaker-than-expected revenue forecast, topped the prior record set […]
Amazon shares soar on cloud revenue beat and huge profit gain from Rivian stake
(CNBC) Amazon on Thursday said revenue climbed 9% in the fourth quarter and the company reported a gain of almost $12 billion from its investment in electric vehicle company Rivian. Amazon shares popped as much as 14% in extended trading. Should the […]
Snap shares rocket as much as 62% on first-ever quarterly net profit
(CNBC) Snap reported its first quarterly net profit on Thursday, and beat analyst estimates for the fourth quarter on earnings, revenue and user growth. The report comes a day after Facebook parent Meta delivered disappointing guidance for the first quarter […]
U.S. stock futures rally after earnings reports from Amazon and Snapchat
(CNBC) Stock futures rose in early morning trading Friday as investors digested a slew of corporate earnings reports after the Nasdaq Composite posted its worst day in more than a year. Futures on the Dow Jones Industrial Average gained 205 […]
Macro Hedge Funds Top Peers in January After Years of Struggle
(Bloomberg) Finally, when the going got tough, macro managers showed up in January — emerging as the standout winners in a month beset by turbulence across both Treasury and equity markets. To read this article:
More than $320 million stolen in latest apparent crypto hack
(CNBC) One of the most popular bridges linking the ethereum and solana blockchains lost more than $320 million Wednesday afternoon in an apparent hack. It is DeFi’s second-biggest exploit ever, just after the $600 million Poly Network crypto heist, and […]
Facebook shares plunge more than 20% on weak earnings, big forecast miss
(CNBC) Facebook shares tumbled more than 20% in extended trading on Wednesday after the company reported disappointing earnings, gave weak guidance and said user growth has stagnated. To read this article:
Social media stocks crater after Facebook reports disappointing earnings
(CNBC) Shares of social network operators Pinterest, Snap and Twitter all declined in extended trading on Wednesday after Facebook owner Meta Platforms issued its fourth-quarter earnings statement that sent the stock down 22%. Shares of Snap fell more than 18% […]
January’s payrolls report on Friday could be rough, with as many as 400,000 jobs lost by one estimate
(CNBC) A jobs market that was on fire for most of 2021 looks like it was dealt a cold splash of reality to start the new year. Judging by the opinions of some major Wall Street forecasters and fortified Wednesday […]
