News

Ad mogul sees Meta rebounding ‘extremely strongly,’ Amazon ad revenue hitting $100 billion

Advertising titan Martin Sorrell believes Meta will rebound “extremely strongly this year” and sees a promising outlook for U.S. tech giants, despite a bruising 2022 and mass layoffs.  

European Central Bank member says market is mispricing rate hikes, expects more to come

The European Central Bank will not stop with one single 50 basis point hike at its next rate-setting meetings, a board member told CNBC Thursday.  

Ukraine war live updates: Wagner mercenaries claim capture of village outside Bakhmut; Russia suspects U.S.

Zelenskyy said a helicopter crash that killed his colleagues was a consequence of the war. Russia says it has initiated a criminal case against a U.S. citizen.  

The UK is fiscally unstable, says North Sea oil CEO

The U.K. is fiscally unstable and its government is indulging in “short-termism” by slapping oil majors with windfall taxes, according to Amjad Bseisu, CEO of EnQuest.  

Morgan Stanley downgrades Roblox, says it’s time to sell the video game stock

The firm downgraded shares of the video gaming company to underweight from equal weight, saying upside is limited from here.  

Hertz is bringing thousands of EVs and chargers to the city of Denver in a

Hertz will add more than 5,000 electric vehicles to its Denver rental fleet, will install public EV chargers and will offer training in and around the city.  

Jamie Dimon says bitcoin itself is a ‘hyped-up fraud’

The JPMorgan Chase CEO said that cryptocurrencies have been a “waste of time.”  

Greta Thunberg says Davos elite are prioritizing greed and short-term profits over people and the

Thunberg said it was “absurd” that the world seems to be listening to Davos delegates rather than those on the frontlines of the climate emergency.  

Jamie Dimon says rates will rise above 5% because there is still ‘a lot of

Jamie Dimon believes that interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly high.  

Dow futures fall more than 200 points as Wall Street gets set for another down

Stock futures traded lower Thursday, building on the losses from the previous session, as rate and recession fears dented market sentiment.