Asia-Pacific markets mostly rise as investors digest Fed’s smaller quarter-point hike

Signs of ‘sequential acceleration’ in Hong Kong despite economy contraction in 2022: UBP Hong Kong’s economy is “in a position to return to expansion,” this year, UBP told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing signs that there’s been a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s … Read more

Fed rate hike in February 2023

Powell says Fed hasn’t hit a ‘sufficiently restrictive policy stance’ just yet Despite the Federal Reserve’s aggressive rate hiking campaign, the central bank has more work to do, according to Fed Chair Jerome Powell. “I would say that our focus is not on short term moves but on sustained changes to broader financial conditions,” he … Read more

Samsung Galaxy S23 smartphone lineup to take on Apple’s iPhone 14

Samsung announced its flagship Galaxy S23 smartphone lineup on Wednesday. Samsung Samsung on Wednesday launched its latest lineup of flagship Galaxy smartphones, touting a better camera and enhanced gaming features as the South Korean tech giant tries to tempt people to upgrade amid weak macroeconomic conditions and waning consumer demand. The Galaxy S23 smartphone lineup … Read more

How Asia’s richest man lost his crown in just a few days

Gautam Adani, billionaire and chairman of Adani Group, during an event at the Port of Haifa in Haifa, Israel, on Tuesday, Jan. 31, 2023. Adani, the Indian billionaire whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said his company will make more investments in Israel. Bloomberg | Bloomberg | … Read more

AMD delivers a Q4 beat amid industry headwinds

Advanced Micro Devices (AMD) reported a fourth-quarter earnings beat Tuesday, despite ongoing weakness in the PC market, demonstrating the semiconductor firm has the wherewithal to continue to grow and nab market share. Revenue jumped 16% year-over-year, to $5.599 billion, beating analysts’ expectations for $5.5 billion, according to estimates compiled by Refinitiv. Adjusted earnings-per-share (EPS) fell … Read more

Cramer’s 10 things to watch in the market Tuesday: Dow, iPhones, JNJ

My top 10 things to watch Tuesday, Jan. 31 1. Will the outperformance of speculative stocks continue? The market’s worst performers of 2022 — including crypto, SPACs and cloud software stocks — are some of the biggest winners in this year’s rally. Stay away. As I wrote Sunday, I see this as a moment to … Read more

A Japan Shock Could Soon Hit Global Markets

Text size Commuters in front of the Bank of Japan headquarters in Tokyo, Japan. Kiyoshi Ota/Bloomberg About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was a deputy director in the International Monetary Fund’s Policy Development and Review Department and the chief emerging market economic strategist at Salomon Smith … Read more

What to watch for when 9 Club holdings report earnings on Thursday

Earnings season for the Club will hit a fever pitch Thursday, when nine — yes, nine — companies in Jim Cramer’s Charitable Trust report quarterly results. The jam-packed earnings day features the likes of industrial conglomerate Honeywell International (HON) and tech giants Apple (AAPL) and Alphabet (GOOGL). Stocks have gotten off to a strong year, … Read more

FANG-obsession over; earnings, Fed, jobs

My top 10 things to watch Monday, Jan. 30 1. Big week ahead. Big run so far in 2023. The Dow, the S & P 500 and the Nasdaq, despite looking at a down open, have ripped higher this year as a new, broader bull market emerges. I wrote a eulogy to FANG in my … Read more

Cramer sees this year’s budding rally signaling a different kind of bull market

This nascent bull market started with the peak in interest rates and the dollar back in the fall and then broadened to include bank and semiconductor stocks in 2023. Is it fragile? Is it alchemy? Is it real? We’ll know after we see the quarterly earnings this week from the likes of Club holdings Apple … Read more