Snap, Hasbro and Funko were all downgraded Wednesday, while Foot Locker was upgraded by Credit Suisse.
Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says
Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before.
Stocks making the biggest premarket moves: Peloton, Snap, AMD, Electronic Arts & more
Peloton got a jolt from a better-than-expected quarterly revenue. Foot Locker rose after a Credit Suisse upgrade.
‘Big Short’ investor Michael Burry tweets one word of advice for investors before big Fed meeting
Michael Burry tweeted out a piece of investing advice consisting of just one word, a day before the Federal Reserve’s market-moving interest rate decision.
Peloton shares surge after fitness company posts subscription revenue growth
Peloton beat Wall Street’s revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter.
UBS downgrades Snap after earnings, says rising competition will keep pressure on stock
UBS’ downgrade comes after Snap reported its fourth-quarter results. Earnings came in slightly above estimates, but revenue was lighter than expected.
Mortgage demand took a big step back last week, even after interest rates fell further
Total mortgage application volume fell 9% last week compared with the previous week.
Deadly ice storm rages in Texas, causing travel chaos and outages
The “long-duration” winter storm that has brought dangerous sleet and freezing rain from Texas to Tennessee is expected to continue through early Thursday.
Gold demand surged to an 11-year high in 2022 on ‘colossal’ central bank buying
Gold demand soared to an 11-year high in 2022 on the back of “colossal central bank purchases, aided by vigorous retail investor buying,” according to the World Gold Council.
Euro zone inflation dips for a third straight month as energy prices continue to fall
Inflation in the euro zone dropped for a third consecutive month in January.