People leave Spotify’s lower Manhattan headquarters on January 23, 2023 in New York City. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Spotify shares rose as much as 9% early Tuesday after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue and showed strong user growth. Here’s how the … Read more
The latest eurozone growth figures are out as the ECB considers what to do next. Nurphoto | Nurphoto | Getty Images The eurozone beat expectations on Tuesday by showing positive growth in the last quarter of 2022 and easing fears of a potential regional recession. Preliminary figures from Eurostat released on Tuesday showed that the … Read more
CNBC Pro: What a technology fund manager expects from Apple and Alphabet’s earnings this week Microsoft gave a disappointing sales forecast last week, but inventory has since increased. What does that mean for the other Big Tech companies that are going to report earnings? Tech fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 … Read more
UBS reported fourth-quarter and full-year earnings. Fabrice Cofrini | Afp | Getty Images UBS exceeded market expectations with its latest results thanks to lower costs and higher interest rates. The bank reported $1.7 billion in net income for the fourth quarter of last year, bringing its total full-year profit to $7.6 billion through 2022. related … Read more
Tourists walk under colorful lanterns at the Beijing Nangong Tourist Resort during the spring festival holiday on January 23, 2023 in Beijing, China. The Chinese Lunar New Year or Spring Festival falls on January 22. Vcg | Visual China Group | Getty Images China’s onshore A-shares hovered near bull market territory on Monday, the first … Read more
Famed shortseller Jim Chanos sees an alarming trend in the market. “I’ve been on the street [since] 1980 [and] no bear market has ever traded more than nine times to 14 times previous peak earnings,” Chanos & Co.’s founder said. Monday on CNBC’s “Fast Money.” His latest warning comes in the midst of earnings season, … Read more
CNBC’s Jim Cramer said Monday that the benchmark S&P 500 could be at a critical juncture this week. “The charts, as interpreted by Mark Sebastian, suggest that we are approaching a decisive moment here. If the S&P 500 can avoid a major drop this week, it is optimistic about the future – on the other … Read more
In this photo illustration, the Paramount+ (Paramount Plus) logo is seen on a smartphone against the website in the background. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Paramount Global further joins its streaming and cable television businesses by combining its Showtime TV network and Paramount+ streaming service. The company said Monday it … Read more
An employee stands next to a Whirlpool washing machine in a home appliances showroom in New Delhi. Anindito Mukherjee | Reuters Check out the companies making headlines after the bell: NXP Semiconductors — Shares of NXP Semiconductors fell 3% in extended trading after first-quarter revenue guidance fell short of analyst expectations, according to FactSet. The … Read more
Here’s the transcript for Monday’s “Homestretch”: >>> HELLO, IT’S JIM CRAMER WITH THE HOME STRETCH. TODAY IS NOT A GOOD DAY. IT’S NOT A GOOD DAY I THINK, BECAUSE OF PROFIT TAKING. I THINK THERE IS AN ACCEPTANCE HAVE GONE TOO MUCH TOO FAST. I DO NOT BELIEVE THAT ACCORDINGLY, BUT THAT’S THE COMMON THING, … Read more
