Month: January 2018

Check out the companies making headlines after the bell Wednesday: Facebook stock fell more than 2 percent after the bell. The social media giant reported fourth quarter earnings and revenue that crushed Wall Street expectations. The company also reported making more money per user than anticipated, as well as a 14 percent increase in usership
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In Janet Yellen‘s final meeting as Fed chair, the central bank decided Wednesday against increasing its benchmark interest rate but indicated it expects inflation pressures to heat up as the year moves on. The policymaking Federal Open Market Committee said current conditions indicate that the overnight funds rate should remain anchored at 1.25 to 1.5
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DoubleLine CEO Jeffrey Gundlach said Tuesday he expects commodities to run higher versus stocks. “While stocks have been doing great, commodities have been doing well, too,” Gundlach said on a webcast. There’s “quite a lot of high octane [gas] in the commodities vs. stocks tank.” Gundlach said in mid-December on CNBC’s “Halftime Report” that his
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In the November crackdown, the Saudi government arrested and detained several hundred businessmen, senior officials and Saudi royals like Alwaleed, many within the Ritz-Carlton hotel. Multiple reports, citing anonymous sources, have suggested that detainees handed over assets in order to buy their freedom. Alwaleed, the billionaire owner of international investment company Kingdom Holding, told Reuters
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Alibaba: The Chinese e-commerce giant will deliver its earnings report on Thursday, and Cramer expects a “total blowout, because they’re the masters of under-promise and over-deliver.” The “Mad Money” host recommended that investors either buy the stock before the quarter drops, or wait for the typical “down leg” in the stock post-earnings. Alphabet: Cramer hoped
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