Business News: Boeing suffers another setback, Fed awaits
By Jenny McCall
13:22, 26 January 2022
Key Points
Boeing continues to suffer setback after setback. The aerospace firm incurred a $3.5bn charge in the fourth quarter of 2021 due to delays with its 787 Dreamliner.
- The US Federal Reserve policy decision is due to be announced to day at 19:00 GMT.
Top business and economic news
- Pharmaceutical company, Abbott Laboratories (ABT) has reported a 7.2% rise in its quarterly sales due to increased demand for its diagnostic products, including Covid-19 tests.
- Analysts estimate that Apple will surpass revenue growth targets of 6% when it releases its next earnings statement.
Tomorrow is big central bank day with both Bank of Canada + US Federal Reserve reporting. While everyone else is focussed on FED, Canadians are VERY concerned to see a potential wedge into the housing bubble. Get ready. pic.twitter.com/nPcvpZxfvS
— IceCap (@IceCapGlobal) January 25, 2022
Markets today
- Stocks: US stock index futures rose today, driven by Microsoft’s strong results.
- Oil: Brent crude prices rose today as geopolitical tensions in Europe and the Middle East caused further worries.
- Gold: Spot gold was down 0.2% at 11:50 GMT, US Gold Futures fell 0.4%, as investors awaited potential Fed rate hikes.
- Forex: The euro slipped 0.1% after hitting $1.12640 overnight.
- Crypto: Bitcoin rose over 3% and Ethereum was up almost 5% today.
What to watch today
- Technology giant Apple (AAPL) has gained its highest-ever market share in China in the fourth quarter, according to data from Centrepoint research.
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