How the richest man in Asia lost his crown in a matter of days

How the richest man in Asia lost his crown in a matter of days

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

Britain is drafting plans to regulate the crypto industry in the wake of FTX’s collapse

Britain is drafting plans to regulate the crypto industry in the wake of FTX’s collapse

British Prime Minister Rishi Sunak speaks at a Q&A at Teesside University on January 30, 2023. Oli Scarf | Wpa Pool | Getty Images NewsS The UK has formally laid out plans to regulate the cryptocurrency industry, with the government looking to curb some of the reckless business practices that have emerged over the past … Read more

Equity futures are ticking lower as traders await the Federal Reserve’s final decision on rate hikes

Equity futures are ticking lower as traders await the Federal Reserve’s final decision on rate hikes

Traders on the floor of the NYSE Source: NYSE Stock futures fell Tuesday evening as investors looked ahead to the Federal Reserve’s Wednesday meeting. Futures linked to the Dow Jones Industrial Average lost 48 points, or 0.14%. S&P 500 futures and Nasdaq Composite futures fell 0.20% and 0.37% respectively. The moves come after shares surged … Read more

The stock market had a great January. Now it’s all the Fed.

The stock market had a great January.  Now it’s all the Fed.

Font size A scene from the floor of the New York Stock Exchange last week. Michael M. Santiago/Getty Images The stock market just ended a positive January. After last year’s bear market, and in combination with other recent movements, this is a very positive signal. The S&P 500 closed January with a gain of just … Read more

Stocks making the biggest moves in the afternoon: Pentair, UPS and more

Stocks making the biggest moves in the afternoon: Pentair, UPS and more

General Motors CEO Mary Barra addresses reporters as she awaits the arrival of President Joe Biden at the media day of the North American International Auto Show in Detroit, Michigan, Sept. 14, 2022. Rebecca Cook | Reuters Check out the companies making headlines in Tuesday afternoon trading. General engines — Shares of the automaker rose … Read more

Calls from top Wall Street analysts include Apple & Alphabet

Calls from top Wall Street analysts include Apple & Alphabet

These are Tuesday’s biggest calls on Wall Street: Barclays repeats Apple as equal weight Barclays said it sees a miss when Apple reports earnings on Thursday. “What started as production-driven budget cuts has led to weakness in demand across all product categories. We are also concerned about slowing growth in Services. At a 20% premium … Read more

Equity futures are slightly up as investors evaluate earnings, prepare for the Fed’s decision

Equity futures are slightly up as investors evaluate earnings, prepare for the Fed’s decision

Contradictory indicators in the futures market cause Wolfe Research to turn bullish Contradictory indicators coming out of the futures market make Wolfe Research more positive on equities. Nasdaq 100 futures are down 29% from the peak and now major speculators have turned to their most aggressive short position in more than two years, analyst Rob … Read more

Stocks make the biggest moves premarket: McDonald’s, UPS and more

Stocks make the biggest moves premarket: McDonald’s, UPS and more

Nathan Stik | Getty Images News | Getty Images Check out the companies making headlines before the bell rings. McDonald’s — Shares fell more than 1% after McDonald’s reported its latest quarterly results. The fast food giant topped profit and revenue estimates, saying customers are increasingly frequenting its restaurants. Still, McDonald’s CEO Chris Kempczinski said … Read more

Asia Pacific Stocks, Fed, Earnings, Economic Data

Asia Pacific Stocks, Fed, Earnings, Economic Data

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

Investors are dangerously ignoring the impact of the bear market on earnings

Investors are dangerously ignoring the impact of the bear market on earnings

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