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  • Reuters

    BlackRock Investment Institute says not chasing post-Powell rally

    BlackRock Investment Institute's (BII) global chief investment strategist said on Thursday the asset manager was not "chasing" the rally in shares seen after Federal Reserve chief Jerome Powell's latest comments. Stock markets have been cheered by comments from Powell on Wednesday that signalled this year's frantic pace of U.S. interest rate hikes could be about to slow. But Wei Li, speaking at a media briefing on the 2023 outlook by BlackRock Investment Institute, said Powell's comments also suggested that rates would stay at elevated level for a while.

  • GlobeNewswire

    Global Potato Processing Market to Reach $42.2 Billion by 2027

    In the changed post COVID-19 business landscape, the global market for Potato Processing estimated at US$29. 2 Billion in the year 2020, is projected to reach a revised size of US$42. 2 Billion by 2027, growing at a CAGR of 5.New York, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Potato Processing Industry" - https://www.reportlinker.com/p06032614/?utm_source=GNW 4% over the analysis period 2020-2027. Frozen, one of the segments analyzed in the r

  • MarketWatch

    Snowflake stock shrugs off guidance miss amid debate on whether growth inspires ‘confidence’ or concern

    Snowflake Inc. remains a controversial story coming out of earnings. Snowflake (SNOW) beat revenue expectations in its latest quarter but saw growth slow, and it fell short of expectations with its forecast for the current quarter but signaled that its outlook was conservative. “While the smaller upside in Q3/Q4 may drive stock lower, we expect some recovery as investors should have more confidence in combination of best-in-class growth levered to resilient data/analytics projects and now a de-risked FY24 guide with even faster rapidly improving margins,” Citi Research analyst Tyler Radke wrote in a note to clients late Wednesday, while maintaining a buy rating and $210 price target on the shares.