|

Microsoft (MSFT Stock) and Tesla (TSLA Stock) earnings and the rise of Citadel [Video]

In this episode, we explain what you need to know from the first of the big tech companies to report their corporate earnings this season, Microsoft.

We dive into the numbers and explain what they all mean and why investors are most interested in the performance of their cloud computing division.

Elsewhere, Citadel has leaped past Bridgewater Associates to be crowned the top hedge fund manager in 2022, making an incredible $16bn profit for investors last year! But who is Citadel and how do they make their money?

We finish on why WhatsApp is getting employees at Morgan Stanley in trouble and why the PELOSI Act has Nancy all stressed out!

Author

Anthony Cheung

Anthony has spent over a decade working at the forefront of financial news.

More from Anthony Cheung
Share:

Editor's Picks

AUD/USD turns lower toward 0.7000 after mixed Australian jobs data

AUD/USD is losing ground toward 0.7000 in the Asian session on Thursday, following the release of the Australian August jobs report, which showed that the Unemployment Rate rose to 4.6% versus 4.5% expected, while Employment Change beat estimates, arriving at 39.5K. Traders also remain unnerved ahead of the critical Trump-Xi meeting.

USD/JPY keeps the red near 158.00 as Japanese Yen firms up

USD/JPY retreats from three-week highs and holds losses near 158.00 in the Asian session on Thursday. Surging Japanese bond yields lift the Yen amid looming intervention risks, while the US Dollar preserves overnight gains to a two-month high amid hawkish Fed bets and elevated US bond yields.

Gold braces for two-way risks as Trump-Xi meeting looms

Gold is consolidating the previous decline in Thursday’s Asian trades, at weekly lows below $4,300, awaiting the highly anticipated meeting between US President Donald Trump and his Chinese counterpart Xi Jinping later in the day.

Bitcoin rallies above major cost bases as bulls eye $96K resistance
Bitcoin (BTC) has moved above several cost bases, strengthening the structure of its recent recovery as selling pressure remains relatively subdued. In a report on Wednesday, Glassnode stated that Bitcoin’s latest move is notable because the top crypto has recovered above the True Market Mean at roughly $77,000 and the Short-Term Holder (STH) Cost Basis.
Oil price rise weighs on stocks

Rising oil prices and higher yields have thrown the equity rally off track. After the risk-on start to the week renewed gains for oil prices and yields have weighed on indices.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.