[ad_1] Stocks dropped on Friday, weighed down by a stronger-than-expected jobs report and poorly received earnings reports from Amazon and Alphabet. The robust employment growth raised fears that the Federal Reserve would need to push rates even higher to get inflation under control. Amid the overall slide, Bill.com (BILL) was a standout decliner, as its … Read more
[ad_1] Spain’s CaixaBank SA said Friday that its fourth-quarter profit rose 62% compared with the same period a year earlier, thanks to higher net interest income. The bank CABK, +3.19% reported net profit of 688 million euros ($750.6 million) over October to December, beating analysts’ expectations for net profit of EUR632 million, according to a … Read more
[ad_1] US stocks surged yesterday and look set for fifth consecutive weeks of gains after the Fed slowed down its pace of interest rate hikes and announced a 25 basis point rate hike. In the December meeting, the Fed raised rates by 50-basis points. Prior to that, the US central bank had raised rates by … Read more
