The 10-year U.S. Treasury yield topped 4% on Friday after a surprisingly strong jobs report that showed continued strength in the economy, but raised questions on when the Federal Reserve can cut interest rates. The yield on the 10-year Treasury shot up by 16 basis points to 4.02%. The 2-year Treasury yield climbed 17.4 basis … Read more
The U.S. labor market continues to surprise economists and Wall Street with its resilience, as broad job gains in January led to employment growth of 353,000. The hiring was led by health care and social assistance, which added more than 100,000 jobs. If you include private education in that category, as some economists do, that … Read more
Sopa Images | Lightrocket | Getty Images Shares of Facebook parent company Meta surged Friday, after the firm reported a threefold jump in fourth-quarter profit and issued its first-ever dividend. As of around 6 a.m. ET, the stock price of Meta was up roughly 17% in U.S. premarket trading. Revenue jumped 25% in the fourth … Read more
Information about Facebook stock shares is displayed on a monitor as traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the closing bell, November 19, 2018 in New York City. Drew Angerer | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC … Read more
Pictured here is a real estate project under construction in Huai’an, China, on Jan. 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country’s overall growth. That’s according … Read more
Amazon shares jumped after-hours Thursday, following the e-commerce and cloud computing giant’s strong fourth quarter. Results like this happen when Amazon shifts its mindset from an “investing” cycle to a “harvesting” phase, which usually leads to big profit numbers like what we saw in the quarterly print and what was forecasted in the future. Revenue … Read more
Club name Apple (AAPL) on Thursday delivered an earnings beat for the December quarter. But shares of the consumer tech giant fell in the after market, thanks to a bit of top-line weakness in its services business and what appears to be a miss on guidance. Those sellers are overlooking a couple important updates. Revenue … Read more
Meta Platforms delivered a home-run earnings report after the closing bell Thursday — beating on sales and earnings while declaring its first-ever dividend and boosting its buyback. The bullish combination sent shares soaring in extended trading and fortified our belief in one of our largest positions. Revenue in the three months ended Dec. 31 rose … Read more
The share price of Facebook stock is seen at the Nasdaq stock market in New York. Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can … Read more
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta announced on Thursday that it will pay a quarterly dividend for the first time, and said it authorized an expanded $50 billion share buyback … Read more
