Good MorningInvestors and market-watchers got a shock on Wednesday when the Federal Reserve Open Market Committee announced its latest interest rate decision. The committee left rates unchanged and indicated it would continue to buy U.S. assets as expected but the outlook dimmed. The FOMC says that economic growth, while robust in the 4th quarter, slowed significantly as COVID-risks emerged.
The S&P 500 and other major indices started the day in negative territory and extended the losses after the FOMC announcement. The S&P 500 fell more than 2.5% by the end of the day and could continue to fall in the coming days. The VIX, the so-called “fear index”, surged more than 30% to a two month in the early stages of a reversal. A reversal in the VIX is ultimately bad for the market and could indicate a deep correction is on the way. Featured: Jeff Bezos’ honeymoon humiliation (Ad) 
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Markets | | | Shares of NextEra Energy Partners (NYSE:NEP) are trading down over 10% after reaching a 52-week high post earnings. The question is why? On January 25, the company reported revenue that fell short of analysts’ expectations but posted a significant beat in earnings Read the Full Story |
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Politics | | | Stocks are mixed in Europe and Asia as markets focus on the Federal Reserve policy meeting that ends Wednesday.
Shares advanced in Paris and Tokyo but fell in London and Hong Kong.
The Fed is expected to keep its extremely supportive policy stance unchanged given the ... Read the Full Story |
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Politics | | | Stocks are mixed in Asia as investors focus on the Federal Reserve policy meeting that ends Wednesday.
Shares rose in Hong Kong and Tokyo but fell in Seoul and Sydney. Shanghai was little changed.
The Fed is expected to keep its extremely supportive policy stance unch... Read the Full Story |
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Politics | | | Asian stocks were mixed on Wednesday after a lackluster session on Wall Street.
Benchmarks logged moderate gains in Hong Kong and Tokyo, but were flat in Sydney and Shanghai. Australian shares declined.
Markets have meandered since last week as investors weighed solid... Read the Full Story |
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Markets | | | Additive manufacturing 3D printing solutions company Desktop Metal (NYSE: DM) stock has recovered back through its reverse merger highs of $24.80 hit on Dec. 10, 2020. The Company reversed merged into special purpose acquisition company (SPAC) Trine Acquisitions to trade under the new symbol DM on D... Read the Full Story |
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Tech | | | We know that semiconductor companies are going to play a key role in 2021 and beyond thanks to the fact that they are so important for developing new technologies. That’s why a company like Marvell Technology (NASDAQ:MRVL) is worth a look. Read the Full Story |
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Politics | | | PARIS — French drug maker Sanofi says it will help manufacture 125 million doses of the coronavirus vaccine developed by rivals Pfizer and BioNTech, while its own vaccine candidate faces delays.
Germany-based BioNTech will initially produce the vaccines at Sanofi facilities in Frankfu... Read the Full Story |
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Markets | | | Walgreens said Tuesday it has tapped Starbucks executive Roz Brewer as its new CEO, which will make her the only Black woman leading a Fortune 500 company.
Starbucks announced Tuesday that Brewer was departing after a little more than three years as its chief operating officer. Walgre... Read the Full Story |
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Stocks | | | U.S. electric vehicle (EV) manufacturer Fisker Inc. (NYSE: FSR) stock went public through reverse merger with Spartan Energy Acquisition Corp. on Oct. 30, 2020. The fervor over special purpose acquisition companies (SPACs) and EVs reached a fever pitch on the rumor of luxury EV makers Lucid Motors p... Read the Full Story |
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Markets | | | Shares of Starbucks (NASDAQ:SBUX) fell hard in the wake of the calendar Q4/fiscal Q1 earnings report. The primary culprit is the guidance. The guidance came in weaker than consensus in market expecting Read the Full Story |
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The Early Bird Stock Of The Day Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. The company also buys and sells natural gas, NGLs, and condensate. It operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas. | | View Today's Stock Pick |
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