Stock Market Today

Global Stocks Paused After A Recent Run Of Gains

Minutes from the Federal Reserve’s January meeting released Wednesday showed unanimous agreement among officials to hold off on future interest-rate rises until a clearer picture on the state of the U.S. economy could be seen, though some members acknowledged the economic outlook was more uncertain since their previous meeting.

Major Global Powers Ordered To Stop Trading Oil And Gold Assets With The Venezuela

In a statement published Monday, 11 of the 14 members of the Lima Group called for a “peaceful transition through political and diplomatic means without the use of force.”

The group also underscored the need for an urgent delivery of humanitarian aid and insisted international governments “take measures to prevent the Maduro regime … from doing business in oil, gold and other assets.”

Alphabet Inc. revenue grew 22% year over year to $39.3 billion, beating Wall Street’s forecasts. But, as is often the case, what Google spends sometimes overshadows what it makes

Alphabet Inc., parent company of the Internet search giant, reported mostly strong fourth-quarter results Monday afternoon. Revenue grew 22% year over year to $39.3 billion, beating Wall Street’s forecasts. That was driven by yet another quarter of 20% growth for the company’s colossal advertising business, which now generates more than $116 billion in revenue annually.

Venezuela Has 20 Tons of Gold Ready to Ship. On Monday, a plane belonging to Nordwind Airlines, a company based in Moscow, landed at the international airport near Caracas

Venezuela has been trying for years to increase its gold reserves by encouraging mining, putting the military in charge of vast territories that yield the precious metal.

With strongman President Nicolas Maduro losing control of the country’s already-scant finances and reserves thanks to U.S. sanctions, who can put his hands on the nation’s estimated 200 tons of gold at home and abroad has become a key question.

The Government Shutdown Cost The Economy $11 Billion

The federal government shutdown cost the economy $11 billion, according to a new analysis from the nonpartisan Congressional Budget Office.
Although most of the damage to the economy will be reversed as the government re-opens and workers return to their jobs, the CBO estimated $3 billion in economic activity is permanently lost.

Vodafone Group, which is based in London, said it would temporarily stop buying Huawei equipment for core parts of its next-generation wireless networks, known as 5G.

Europe has become a key battleground for Huawei, the world’s largest supplier of telecommunications equipment. The region is the company’s second-largest market after China, largely because of lucrative partnerships with carriers that, in addition to Vodafone, include BT Group, Deutsche Telekom and Telefonica.

Chief Executive Officer Mark Zuckerberg is planning to unify the underlying messaging infrastructure of its WhatsApp, Instagram and Facebook Messenger services

In a statement, Facebook said it wanted to “build the best messaging experiences we can; and people want messaging to be fast, simple, reliable and private.” It added: “We’re working on making more of our messaging products end-to-end encrypted and considering ways to make it easier to reach friends and family across networks.”

Walt Disney’s outlook is bright, according to analysts at Morgan Stanley who have a higher-than-average overweight rating on the stock, compared to an in-line rating for the rest of the industry

“2019 is likely a transformational year for Disney. Stepping back from the complexity, it will exit the year in a different place than it begins. Significant investments in content, theme parks, and M&A weigh on near-term earnings, but should set up the business for long-term growth,” Morgan Stanley analyst Benjamin Swinburne wrote Thursday.