Stocks News

January’s economy adds 353,000 jobs, unemployment steady at 3.7%, with a 0.6% hike in average hourly earnings showcasing resilience.

Apple’s Q1 sees revenue and EPS exceed estimates, iPhone sales rise, and growth despite global pressures and China challenges.

According to ADP, January’s private sector added only 107,000 jobs with a modest 5.2% wage increase for job-stayers.

Microsoft’s Q2 earnings hit $2.93/share, beating $2.78 estimates with Azure’s 30% revenue surge, showcasing its cloud sector dominance.

FOMC’s upcoming meeting may maintain rates, reflecting the Fed’s focus on balancing inflation control with economic growth and cautious policy.

Grayscale Bitcoin Trust (BTC) outflows slowed on Wednesday and Thursday, supporting a BTC return to $42,000 and cryptos amidst US lawmaker scrutiny.

December’s 0.3% income rise, 0.7% spending surge, and stable 0.2% Core PCE rise signal robust economic growth and confidence.

Intel (INTC) tops forecasts but Q1 2024 outlook and seven-quarter revenue rebound face AI and manufacturing challenges, testing investor confidence.

Q4 2023 GDP surpasses estimates, expanding at 3.3%, exceeding the projected 2.0%.

Germany’s service sector declines with PMI at 47.6 amid costs and tensions, while manufacturing slowly recovers, PMI at 45.4 despite pressures.

Netflix (NFLX) shares jump after hours, revenue hits $8.83B, surpassing estimates despite a slight miss in EPS, showcasing market strength.

BTC and the broader crypto market were in negative territory this week. Profit-taking and easing bets on a March Fed rate hike likely contributed.

While housing starts declined, building permits surprised analysts by rising in December, indicating underlying strength in the housing sector.

NY State business activity plunges to -43.7, lowest since May 2020. New orders, shipments down; employment, workweek dip; input prices rise.

Davos 2024 tackles trust, crypto mainstreaming, and uncertain global forecasts, urging sustainable growth strategies.

BTC-spot ETF-related news left BTC in negative territory going into Saturday. However, XRP was on the rise amidst XRP-spot ETF-related chatter.

U.S. PPI falls 0.1% in December with a diesel plunge and core PPI stability, offset by gasoline and service sector hikes.

December CPI up 0.3%, annual at 3.4%; Core CPI stable with 0.3% rise; Energy costs down 2%, balancing rising food prices.

December CPI crucial for Federal Reserve’s immediate rate decisions with a rise causing market volatility and a drop spurring growth and rate cuts.

U.S. trade deficit narrows in November with lower exports and imports, marking a year-to-date 18.4% decrease.