All the factories that U.S. toy company Basic Fun works with in China told workers not to return right after the Lunar New Year holiday, said CEO Jay Foreman.
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Stocks making the biggest moves after hours: Disney, Mattel, Wynn Resorts, Affirm and more
These are the stocks posting the largest moves in extended trading.
Solar tech company Nextracker prices above range at $24 a share in good sign for IPO market
The Nextracker initial public offering, which had sought to raise up to $535 million, is the biggest U.S. listing since October.
PepsiCo earnings beat expectations as price hikes boost snack and beverage sales
PepsiCo saw volume fall 2% across its food business as price hikes hurt demand even as they buoyed revenue.
Credit Suisse posts massive annual loss, CEO describes results as ‚completely unacceptable‘
Credit Suisse on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs, as it carried out its strategic overhaul.
Disney beats expectations as streaming subscriber losses aren’t as bad as feared
Disney reported earnings after the bell. Here are the results.
Mattel shares tumble after holiday quarter fails to boost Barbie maker’s sagging sales
Mattel had hoped the holiday quarter would boost sales as high inflation weighs on consumers.
Affirm cuts 19% of workforce; shares tank on earnings miss
Affirm reported second quarter earnings that fell below analyst estimates on both the top and bottom lines.
Japan government to present nominees for new BOJ governor on 14 February – sources
<p style=““ class=“text-align-justify“>That will include the nominees for the deputy governors position as well, which will be presented to parliament. That fits with the earlier report from <a target=“_blank“ href=“https://www.forexlive.com/news/japan-government-plans-to-present-boj-governor-nominees-early-next-week-report-20230209/“ target=“_blank“ rel=“follow“>here</a>. Mark that down in your calendars. This Valentine’s Day is going to be quite an eventful one (US CPI data on the cards as well), not just for dinner dates. 😉</p>
This article was written by Justin Low at www.forexlive.com.
BOE’s Pill: There is a danger of over-steering on rates, given lags in transmission
<ul><li>We have to be prepared to see through policy tightening</li><li>Need to address potential upside risks to inflation</li></ul><p style=““ class=“text-align-justify“>The change in language by the BOE last week reaffirms the headline comment, so there isn’t much of anything new. There will be more rate hikes to follow by the central bank but in all likelihood, we are to see a 25 bps increment next.</p>
This article was written by Justin Low at www.forexlive.com.