Category Archives: Market News (New)

During the final quarter of last year, Mastercard (MA.US) exceeded forecasts, recording a 20% growth in adjusted earnings per share, reaching $3.18, while revenue also experienced a boost of 12.5%, amounting to $6.55 billion. This solid growth for the company is a repetition of the previous quarter. The consistent consumer spending, robust cross-border volumes, a […]

In the January meeting, the Federal Reserve (FED) opted to maintain Fed funds rate at 5.25%-5.5%, holding steady at its 23-year high for the fourth consecutive meeting, aligning with expectations. Policymakers conveyed that they are hesitant to lower rates until they are more confident in inflation sustainably approaching 2%.   During the press conference, Fed […]

Exceeding expectations, Microsoft (MSFT.US) unveiled robust second-quarter financials on Tuesday, January 30, anchored by cloud computing strength. Earnings outpaced forecasts at $2.93 per share (adjusted), on sales of $62 billion that similarly surpassed estimates.  Propelling top-line outperformance, pivotal cloud revenues expanded to $33.7 billion versus $32.2 billion projected. Azure cloud platform momentum persisted within the […]

U.S. Core PCE Prices Dip: Implications for Rate Cuts In December 2023, the core PCE prices in the United States, which do not take into account food and energy, saw an increase of 0.2% compared to the previous month, marching in step with projected market predictions. This was a small uptick from November’s increase of […]

Crude oil prices: The Red Sea attack WTI oil price on Monday. Crude oil prices rose more than 1% on Monday after Houthi movement launched an attack on a fuel tanker in the Red Sea. Commodities trader Trafigura released a statement on risk assessment on Saturday, noting possible oil supply disruption following the attack last […]

Understanding IBM’s Fourth Quarter Performance IBM (IBM.US) stands tall with its recent surge in stock value propelled by soaring demand for artificial intelligence (AI) solutions. The company’s robust financial results for the fourth quarter of 2023 reflect an impressive trajectory. IBM’s stock rallied by over 9% following the release of its quarterly earnings report, showcasing […]

Netflix Revenue and Subscriber Growth Analysis In the wake of Netflix’s (NFLX.US) fourth-quarter financial report, the streaming giant has demonstrated remarkable growth, spurring a surge in its shares and underscoring its position as a dominant force in the entertainment industry. Fourth Quarter Revenue Beat Netflix’s fourth-quarter revenue soared to $8.8 billion, marking a 12.5% increase […]

Johnson & Johnson Exceeds Quarterly Sales Expectations, Maintains Outlook Johnson & Johnson (JNJ.US), a leading pharmaceutical and medical devices company, recently reported its fourth-quarter results, showcasing robust performance that surpassed analyst expectations. The company’s quarterly sales surged to $21.40 billion, accompanied by a net income of $4.13 billion. On a per-share basis, net earnings reached […]

Understanding PBOC’s Decision to Hold Lending Rates Steady The People’s Bank of China (PBoC) recently announced its decision to maintain lending rates stable, surprising market observers and triggering widespread market downturns. This move, which came amid expectations of further easing, reflects the central bank’s cautious approach towards monetary policy adjustments. Stability in Lending Rates The […]

Bleak Retail Sales Figures Drive Sharpest FTSE Decline in Three Months In the final month of 2023, the United Kingdom witnessed a significant downturn in retail sales, with a staggering 3.2% drop compared to November. This unexpected decline, far exceeding the anticipated 0.5% decrease, marked the most substantial monthly fall since the beginning of the […]