economic news

Wall Street analysts bullish on META, NVDA and FSLR

Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton for market performance to outperform JMP downgraded the stock primarily on valuation. “We are downgrading our rating on Peloton shares from Market Outperform to Market Perform as Peloton hit our previous price target of $16 while we leave our FY2024 estimates largely unchanged following …

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Nasdaq 100 futures rise after Meta beats quarterly earnings

Nasdaq 100 futures were higher overnight Wednesday. Nasdaq 100 futures gained 1.4%, helped by Meta shares. S&P 500 futures jumped 0.5%. Futures contracts linked to the Dow Jones Industrial Average fell 45 points, or 0.13%. Meta jumped more than 19% in extended trading after reporting a pace of fourth-quarter revenue growth and announcing a $40 …

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Biden’s IRA left Europe blind. And playing catch-up could lead to 2 big mistakes

US President Joe Biden, front, and Ursula von der Leyen, President of the European Commission. Bloomberg | Bloomberg | Getty Images The European Union is working against time to create a program that can compete with President Joe Biden’s unprecedented climate subsidies. But he will face two key problems in the process. The EU had …

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Gold demand hits 11-year high on ‘colossal’ central bank buying

Bars of 99.99% pure gold are placed in a work room at the Krastsvetmet precious metals factory in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand hit an 11-year high in 2022 thanks to “colossal central bank buying, aided by vigorous buying by retail investors,” according to the …

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Central banks set to signal path of sliding interest rates in crucial week

A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to raise interest rates again this week as they make their first policy …

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