Beat the street: Fed allays rate hike worries; Apple; Qualcomm; Moderna; Peloton
Investors heave a sigh of relief after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes. Qualcomm issues an upbeat Q3 outlook.
Moderna’s quarterly revenue beat the street, but it was lower than the same period last year. Peloton cut jobs; CEO exits. Plus, brace for Apple earnings.
(AI Video Summary)
USD, EUR and JPY movements
In the episode of "Beat the street," Angeline Ong discusses key financial topics, including the Fed's rate decisions in response to inflation and its impact on borrowing costs, Apple's anticipated earnings amidst a decline in sales and potential AI benefits, and Qualcomm's improved outlook due to increased chip demand from China. Ong also delves into currency movements, notably the US dollar strength against the euro and Japanese yen, and the anticipation around other central banks' rate decisions.
Earnings reports
Corporate earnings highlights include eBay's revenue expectations, Apple’s upcoming report, QUALCOMM's strong performance, and Peloton's CEO change and job cuts. Additionally, it touches on Moderna's earnings amid declining covid vaccine demand and oil market dynamics after recent geopolitical tensions. The episode concludes with a look at market indicators and the importance of upcoming job data.
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