GE Earnings Beat Expectations. Why the Stock Dropped.

font size GE’s free cash flow guidance looks strong, while its earnings forecast look light. Sebastien Buzon/AFP via Getty Images General Electric Shares fell after the company reported better-than-expected fourth-quarter earnings and cash flow, while sales missed expectations. The administration’s financial guidance for 2022 has been mixed. GE (Ticker: GE) stock is down 6% on … Read more

Bitcoin Price Has Lost Half Its Value—Again

Bitcoin extended its slide on Monday and is now down by half from its record high. The cryptocurrency has fallen for six of the past seven days, down 10% on Monday, compared to its 5pm level on Friday. It fell below $33,000, its lowest level since July, before trading around $34,200, according to data from … Read more

Bitcoin, Coinbase, Peloton, Kohl’s: What to Watch in the Stock Market Today

Updated Jan 24, 2022 at 9:33AM ET Stock indexes on Wall Street fell in morning trading as investors prepared for the Federal Reserve meeting and earnings of major technology companies. Cryptocurrencies were broadly lower, with bitcoin down 8.3% from Friday’s level at 5pm ET, and cryptocurrency stocks dropping along with it, including crypto exchange Coinbase … Read more

Stock Futures Edge Higher After Bruising Week

US stocks were on the verge of reclaiming some of their gains as investors prepare for the meeting of the Federal Reserve and the earnings of major tech companies. S&P 500 futures rose 0.3% on Monday, after the benchmark index endured its third consecutive weekly decline and the largest since March 2020. Contracts for the … Read more

The Market’s Priced in a Rate Rise. Now the Fed Has Lots of Other Issues to Decide.

Watch what they say, not what they do, at next week’s FOMC meeting. Reversing famous advice from Richard Nixon’s attorney general, John Mitchell, is what economists and market participants will do on Wednesday, when the committee is likely to make policy plans, but is unlikely to take any immediate action. Sure enough, the stock and … Read more

Bitcoin Price Falls Below $40,000 in Tandem With Tech Selloff

It’s becoming more and more common: when stocks go down, so does bitcoin. Bitcoin, the world’s largest cryptocurrency by market capitalization, slipped 6.5% from its level late Thursday afternoon in New York to $38705.70 on Friday. The drop marks the lowest bitcoin dollar value since August 2021, according to CoinDesk, and is now more than … Read more

Stocks Open Higher, While Bond Yields Edge Down

US government stock and bond prices regained some losses on Tuesday, as investors prepare for central banks globally to raise interest rates. The S&P 500 rose 0.4% in early trading on Wednesday. The benchmark index lost 1.8% on Tuesday, its second decline in three trading days. The tech-heavy Nasdaq Composite added 0.5% and the Dow … Read more

Bond Yields Rise; Stock Futures Edge Up

US stocks were poised to recover some of Tuesday’s losses, while government bond yields extended their advance, as investors prepared for central banks globally to raise interest rates. S&P 500 futures rose 0.3% on Wednesday. The benchmark index lost 1.8% on Tuesday, its second decline in three trading days. The high-tech Nasdaq 100 futures rose … Read more

Goldman Pays Up for Talent, Sending Profits Down

It’s time to pay the bill due to the pesky Wall Street pandemic. Investment banking units across the industry have had huge results in the pandemic, first from nervous companies that wanted to increase debt and then from confident executives who wanted to expand their empires. The tumultuous markets have pushed trading returns skyrocketing. Companies … Read more

Credit Suisse’s António Horta-Osório Lost Board Support Over Covid-19 Rules Breach

He came to fix the Credit Suisse group AG’s shattered culture. Then it became part of the problem. Antonio Horta Osorio was hoping for a slap in the wrist on Sunday from Credit Suisse CS 0.38% Council for breaching coronavirus quarantine rules on trips to events, according to people familiar with his departure. Instead, he … Read more