Ether and Bitcoin are up 38% year to date
| Part of  Network | |
 Presented by  |
US Markets Stock futures were up slightly after a few major companies announced their earnings after hours. - Disney, MGM, Matte, and Affirm all posted Q4 results. Disney gained over 5% after reporting higher revenues than expected.
- MGM's stock rose after the casino and hotel operator reported that revenues from hotel rooms soared 46% and average daily rates increased 30%.
- Wynn saw a 20% increase in room revenues and a 36% surge in entertainment/retail revenues.
- The current 10 Year U.S. Treasury yield is set at 3.65280%
| Dow Jones | 33,949.01 | -0.61% | | S&P 500 | 4,117.86 | -1.11% | | Nasdaq | 11,910.52 | -1.68% | | Russell 2000 | 1,942.60 | -1.52% | *Stock Market data as of the last closing bell. Data received directly from the reference indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.
| |
 A message from SEGMENT Let engineers + product managers focus on product, not tricky integrations. Collect, clean & act on your customer data with $50K Segment credits! Segment is one of our favourite tools. Why do we love it? Segment: - Simplifies tracking. Instead of needing to log every event with 8 different tools, you instead use Segment to do it once. It then sends it to all the tools you use (Mixpanel, Customer.io, Facebook Ads, Google Ads, Looker, etc).
- Empowers the marketing team. Once you have Segment installed, the marketing team can decide to add a new tool without bugging an engineer to install it. Crazy?
- Pumps data from various tools into others. For example, use Segment to pump data from Intercom and Customer.io into Mixpanel where we then analyze our data.
Qualifying companies get $50,000 in Segment credits for up to 2 years! See if you qualify for our startup program. Apply Now 
| |
Canadian Markets A summary of the Bank of Canada's deliberations revealed that policymakers considered not raising interest rates in January. - The summary showed that the Bank was considering leaving rates unchanged but ultimately decided to raise them because the latest data showed that growth was recovering and the labor market was strong.
- Statistics Canada's preliminary indicates that GDP growth in Q4 will likely be higher than expected.
- The unemployment rate was at 5% in December, just above the 4.9% record low reached in the summer.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
| |
European Markets European markets rose on Wednesday as investors reacted to earnings reports and comments from Fed Chairman Jerome Powell a day earlier. - The Stoxx 600 gained 0.3%, led by a 1.6% rise in oil and gas stocks.
- The FTSE 100 hit a new intraday record high after gaining 0.8% but fell later in the day to finish up just under 0.3%.
- Construction stocks dragged down markets with a 1.25% fall.
| Euro STOXX 50 | 4,209.15 | 0.00% | | UK (FTSE 100) | 7,885.17 | 0.26% | | Germany (DAX) | 15,412.05 | 0.60% | | France (CAC 40) | 7,119.83 | -0.18% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
| |
Asian Markets Stocks in Asia are down on Thursday as investors tried to determine the likelihood of more interest rate hikes. - Stocks in Australia fell after the country's top energy producer, AGL Energy, said that its net profit fell by 55% in the second half of 2022.
- AGL shares slumped more than 10% after the results were published.
- Hyundai shares were down following reports that the carmaker is discussing allegations of child labor being used in its supply chain with the U.S. Department of Labor.
| S&P Asia 50 | 4,950.85 | 0.20% | | Japan (Nikkei 225) | 27,463.98 | -0.52% | | South Korea (KOSPI) | 2,472.15 | -0.46% | | China (Hang Seng) | 21,283.52 | -0.07% | | India (SENSEX) | 60,663.79 | 0.63% | *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
| |
Commodities Oil prices rose on Wednesday as markets stabilized following comments from Federal Reserve Chair Jerome Powell on Tuesday. - Brent crude and U.S. West Texas Intermediate crude both gained 1.7%.
- U.S. crude inventories rose by 2.4 million barrels last week, slightly less than the 2.5 million expected.
- Data from the U.S. Energy Information Administration shows that last week the country's oil output was at its highest point since April 2020.
| Oil (NYSEARCA:OIL) | 29.79 | 1.05% | | Gold (NYSEARCA:GLD) | 174.41 | 0.25% | | Silver (NYSEARCA:SLV) | 20.48 | 0.49% | | Corn (NYSEARCA:CORN) | 26.61 | 0.42% | | Lumber (NASDAQ:WOOD) | 76.64 | -1.81% | *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.
| |
Cryptocurrency Ether and Bitcoin are both up 38% year to date, although Bitcoin has fallen in recent days while Ether is on the up. - Robinhood's crypto revenues were down 24% in Q4 2022.
- Coin Cloud has filed for bankruptcy, with liabilities between $100M and $500M.
- Craig Wright has lost his Bitcoin copyright case in the UK.
| Bitcoin | $22,982.40 | 0.96% | | Ethereum | $1,655.21 | -0.91% | | Litecoin | $99.38 | -1.43% | | Bitcoin Cash | $132.49 | 0.63% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
| |
Currency Exchange Rates The U.S. Dollar was flat on Wednesday as the market stabilized after Powell's comments on Tuesday. - Traders expect the ECB to raise rates to 3.5% by the end of the summer, from 2.5% at present.
- The Australian Dollar was down on Wednesday, losing about half of its gains from a day earlier.
- The Japanese Yen lost ground after data showed that wages in the country had increased for the first time in nine months.
| UK(GBP) | £0.83 | -0.33% | | Europe (EURO) | €0.93 | 0.12% | | Canada (Canadian Dollar) | $1.35 | 0.07% | | Japan (Yen) | ¥131.73 | -0.68% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
| |
 |  | Liam Gill is a founder, lawyer and investor.
He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada.
|   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
Segment is an API-first analytics solution that empowers 15,000+ startups to scale their data infrastructure. | |
| 767 Bryant St. #203, San Francisco, CA 94107
Copyright © 2023 Inside.com | |
| |
