[ad_1] © Reuters. FILE PHOTO: The logo of Foxconn is seen outside the company’s building in Taipei, Taiwan, Nov. 10, 2022. REUTERS/Ann Wang TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc (NASDAQ:), said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off … Read more
[ad_1] Treasury yields jumped Friday, erasing what had been weekly declines for 2- and 10-year notes, after a much stronger-than-expected U.S. January jobs report clouded investor expectations for the Federal Reserve to end its interest rate hiking cycle in coming months. What yields did The yield on the 2-year Treasury note TMUBMUSD02Y, 4.303% jumped 20.9 … Read more
[ad_1] Michael M. Santiago/Getty Images News Major market averages opened to the downside after triple-A megacap buzzkills stopped the Big Tech party. Furthering the fuel was the pop in nonfarm payrolls data. Early on and the Nasdaq Composite (COMP.IND) lost 1.1% as it gave back some of the previous session’s big gains after Apple (AAPL), … 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
