Datasets:

judy93536

/

perigon-150k

like 0

shares of illinois tool works inc itw slumped 016 to 21199 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 004 to 446118 and dow jones industrial average djia falling 058 to 3455299 the stocks fall snapped a fiveday winning streak illinois tool works inc closed 3782 below its 52week high 24981 which the company achieved on january 5th the stock demonstrated a mixed performance when compared to some of its competitors monday as 3m co mmm rose 018 to 14858 parker hannifin corp ph fell 064 to 28853 and stanley black decker inc swk fell 196 to 14823 trading volume 11 m remained 111460 below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of amazoncom inc amzn climbed 19 toward a 9 12month high in afternoon trading friday putting them on track to produce a fourmonth winning streak the stock has rallied 81 in june as investors gird for the ecommerce giant’s annual prime day sales event in midjuly the stock has soared 383 over the past four months compared with a 123 rise in the sp 500 spx over the same period that would be the longest monthly win streak for amazon’s stock since the fourmonth stretch that ended january 2020 which was before the covid19 pandemic it would also be the stock’s best fourmonth performance since it shot up 395 in august 2020 boosted by the covidinduced explosion in online shopping jp morgan analyst doug anmuth reiterated overweight rating in a recent note to clients saying he projects amazon to get about a 5 billion revenue boost from next month’s prime day or about 13 more than last year “importantly 2023 is tracking toward the fastest prime delivery speeds ever which we believe helps drive higher customer consideration and purchase frequency” anmuth wrote

signs of economic weakness are piling up but many economists and strategists are holding fast to their softlanding predictions a new inflation target may be the only way they can be right—and it would come at an underacknowledged price data over the past week included a worsethananticipated drop in pending home sales to the lowest level since 2014 and signaling more pain because they lead existinghome sales households saved at the slowest rate since 2008 purchasing manager indexes showed biggerthanexpected slowdowns

shares of laboratory corp of america holdings lh inched 021 higher to 24439 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 150 to 390262 and the dow jones industrial average djia rising 112 to 3138455 this was the stocks second consecutive day of gains laboratory corp of america holdings closed 7278 short of its 52week high 31717 which the company reached on december 31st the stock demonstrated a mixed performance when compared to some of its competitors thursday as idexx laboratories inc idxx rose 195 to 38252 quest diagnostics inc dgx fell 013 to 13576 and qiagen nv qgen rose 140 to 4908 trading volume 631761 remained 291262 below its 50day average volume of 923023 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of att inc t dropped 036 to 1956 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 034 to 439745 and dow jones industrial average djia falling 026 to 3422036 the stocks fall snapped a twoday winning streak att inc closed 601 short of its 52week high 2557 which the company reached on may 17th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as verizon communications inc vz fell 043 to 5367 walt disney co dis rose 015 to 13084 and comcast corp cl a cmcsa fell 076 to 4725 trading volume 1043 m eclipsed its 50day average volume of 480 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

cryptocurrency exchange coinbase global inc coin has been accused of misleading investors regarding its public listing as per a new shareholder derivative lawsuit what happened coinbase and nine of its executives allegedly breached fiduciary duties violated the securities act and issued false and misleading statements concerning its direct listing according to a shareholder complaint filed on aug 4 see also coinbase stock dives after q2 earnings while claiming theyre an all weather company for crypto prices cycles the executives names in the lawsuit include ceo brian armstrong cfo alesia haas and board member and a16z cofounder marc andreessen the complaint alleges that coinbase “negligently prepared” its registration statement which contained untrue statements of material fact as a result of particular issue to the plaintiff was coinbase’s “flywheel” growth strategy described by the company as one where liquidity from its growing user base would provide for the listing of new assets which would in turn attract more users the plaintiff said this flywheel strategy was ruptured by several service disruptions and delays in adding new crypto assets still the complaint only names five “unanticipated system disruptions” that took place in q1 2021 before coinbase went public with other disruptions having allegedly taken place in 2019 and 2020 the complaint also points to dogecoin’s dogeusd absence from the platform despite the “wild popularity and demand” for it as one of the reasons for its ruptured growth strategy coinbase has lost out on a considerable amount of trading volume to other exchanges following a decline in cryptocurrency prices mizuho analyst dan dolev cut the stock’s price target last month after seeing a decline in market share of trading volume from 53 in q1 to 29 in july the exchange is also facing an sec probe regarding an alleged “unregistered securities offering” price action coinbase shares were trading 545 lower afterhours bitcoin btcusd was trading at 23126 at press time down 29 over 24 hours and ethereum ethusd was trading at 1700 down 426 over the same period according to data from benzinga pro

shares of mgm resorts international mgm slid 223 to 3419 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 075 to 410123 and dow jones industrial average djia falling 054 to 3281323 the stocks fall snapped a fourday winning streak mgm resorts international closed 1698 below its 52week high 5117 which the company reached on november 8th the stock underperformed when compared to some of its competitors wednesday as las vegas sands corp lvs fell 085 to 3516 wynn resorts ltd wynn fell 147 to 6513 and melco resorts entertainment ltd adr mlco fell 195 to 553 trading volume 56 m eclipsed its 50day average volume of 54 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of gartner inc it rose 134 to 34399 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 062 to 429393 and the dow jones industrial average djia rising 050 to 3383361 this was the stocks second consecutive day of gains gartner inc closed 1426 short of its 52week high 35825 which the company reached on december 13th the stock outperformed some of its competitors thursday as trade desk inc cl a ttd rose 119 to 7454 iqvia holdings inc iqv fell 114 to 20619 and omnicom group inc omc rose 038 to 9446 trading volume 417560 remained 118393 below its 50day average volume of 535953 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of att inc t rose 848 to 1459 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 024 to 456572 and the dow jones industrial average djia rising 031 to 3506121 att inc closed 694 short of its 52week high 2153 which the company reached on january 24th the stock outperformed some of its competitors wednesday as netflix inc nflx rose 059 to 47759 walt disney co dis rose 127 to 8704 and comcast corp cl a cmcsa rose 064 to 4271 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

indias annual inflation rate rose for the first time in five months in june after food prices accelerated consumer prices rose 481 in june compared with the same month a year earlier up from an upwardly revised 431 onyear increase recorded in may according to government preliminary data published wednesday the reading was above a consensus forecast of economists polled by factset which predicted the rate to tick down to 42 mays inflation rate was a 25month low however the rate still meets indias central bank target of 2 to 6 food and beverages priceswhich make up the bulk of the consumer price indexincreased 463 in june higher than the 329 recorded in may clothingandfootwear inflation was 619 in june while for fuel and light it was 392 both cooling from mays measures according to the data the news suggests indias central bank will continue to pause any cuts to interest rates after it kept its benchmark interest rate at 650 last month

shares of best buy co inc bby shed 270 to 7074 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 064 to 410990 and dow jones industrial average djia falling 101 to 3301214 best buy co inc closed 2258 short of its 52week high 9332 which the company achieved on february 2nd the stock underperformed when compared to some of its competitors tuesday as apple inc aapl remained unchanged amazoncom inc amzn rose 198 to 11340 and home depot inc hd fell 215 to 28233 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

soaring prices of goods such as new cars gas groceries and home furnishings drove us inflation to a 40year high now rising wages could make it harder for the federal reserve to unwind the runup in inflation for the past year high inflation was largely fueled by too much demand for goods and too little supply businesses couldn’t get enough materials to produce all the goods customers wanted because of pandemicrelated shortages and goods were in particularly high demand because people were afraid to go out hence the surge in prices the rate of inflation jumped to as high as 85 from less than 2 just 16 months ago the worst might be over the shipping delays and shortages are slowly starting to ease up for example and more progress through the rest of the year could partly undo the main source of inflation it already seems to be happening the rate of inflation in socalled core goods for example has slowed two months in a row to 97 in april from a pandemic peak of 123 two months ago the core rate strips out food and energy and is viewed as a more reliable barometer of underlying inflation trends but now a new problem has emerged rising labor costs workers are taking advantage of the tightest labor market in decades by switching jobs for better pay and surging inflation is also pushing them to seek out higher wages manufacturers the producers of goods can absorb the higher price of labor more readily because it represents a smaller portion of their total costs not so for service companies that now dominate the us economy about six of every seven american workers is employed by one and the cost of labor is a bigger burden for them as the pandemic fades consumers are gradually shifting their spending from goods to services getting a haircut dining out going to a game or theater traveling and so forth as a result serviceoriented companies need even more workers and the only way they are going to attract them is by offering higher pay the impact of rising wages is becoming more evident over the past year the cost of services excluding energy has climbed to a 21year high of 49 from as low as 13 at the start of 2021 early in the pandemic the cost of most services rose relatively slowly because of weak demand higher rent has been a big factor in the recent surge in service costs but virtually every service company has to shell out more now in wages and benefits that is even if they can find enough labor there’s only two ways to slow rising pay and its small but but growing contribution to inflation economists say boost the supply of labor or slow the economy right now there are a record two job openings for every unemployed person the highest level on record dating to 2001 the 1960s were probably the last time the labor market was as tight yet increasing the supply of labor is highly unlikely economists say immigration levels have declined baby boomers are steadily retiring birth rates have fallen and the nativeborn us population is growing at the slowest pace ever the us adult population is forecast to increase by only 35000 as month in the next two years economist at jefferies llc say down from 80000 before the pandemic and 200000 in the late 1990s “population growth will not be a solution the current labor shortage” said chief economist aneta markowska of jefferies “in fact it is part of the problem” the only other solution appears to be slowing the economy and thus risking the chance of recession an increasing number of economists including former senior officials at the fed think a recession in unavoidable in the next year or two the senior chairman of goldman sachs one of the nation’s largest banks also said the odds of recession are rising in an interview with cbs news there’s “a very very high risk factor” lloyd blankfein warned on sunday

in the current market session moodys inc nysemco is trading at 38508 after a 01 drop however over the past month the stock spiked by 131 and in the past year by 3361 shareholders might be interested in knowing whether the stock is overvalued even if the company is not performing up to par in the current session assuming that all other factors are held constant this could present itself as an opportunity for shareholders trying to capitalize on the higher share price the stock is currently under from its 52 week high by 096 the pe ratio measures the current share price to the companys eps it is used by longterm investors to analyze the companys current performance against its past earnings historical data and aggregate market data for the industry or the indices such as sp 500 a higher pe indicates that investors expect the company to perform better in the future and the stock is probably overvalued but not necessarily it also shows that investors are willing to pay a higher share price currently because they expect the company to perform better in the upcoming quarters this leads investors to also remain optimistic about rising dividends in the future depending on the particular phase of a business cycle some industries will perform better than others moodys inc has a lower pe than the aggregate pe of 4736 of the capital markets industry ideally one might believe that the stock might perform worse than its peers but its also probable that the stock is undervalued pe ratio is not always a great indicator of the companys performance depending on the earnings makeup of a company investors can become unable to attain key insights from trailing earnings

president joe biden on friday celebrated the prior days court rulings that favored his plan to forgive a big tranche of student loans along with the number of people who have applied for relief theyve been fighting us in the courts but just yesterday a state court and the supreme court said no were on bidens side the president said in a speech at delaware state university the application that borrowers can use to apply for studentdebt relief went live this week and biden said nearly 22 million people have signed up for cancellation biden also criticized republicans who have said the relief is for slackers or only helps the elite few who in the hell do they think they are he said

geneva july 3 reuters the heads of the world bank and the world trade organization on monday called for countries to boost efforts to make trade in global services more transparent and predictable saying this could help developing countries reduce poverty services such as tourism and telecommunications generate more than twothirds of global gdp but barriers for services trade are higher than for goods the joint report by the two institutions entitled trade in services for development said the wto has a mandate to liberalise services but its member states have not collectively improved market access since 1997 when deals were struck on telecommunications it said there is a need to reignite international cooperation in the services sector said world bank president ajay banga and wto directorgeneral ngozi okonjoiweala in the reports foreword such efforts need to expand trade and investment reduce trade costs bring about greater transparency and predictability on trade policy regimes and ultimately increase the participation of developing economies it said the report did not give prescriptive solutions saying its aim was to recall the benefits of advancing the negotiating agenda on trade in services and the opportunity costs of doing nothing the two bodies stand ready to help governments it said banga began as world bank president last month and asked staff to double down on development and climate efforts to accelerate the banks evolution to tackle global problems

mumbai nov 26 reuters indias central bank has accepted a majority of recommendations made by an internal working group on the ownership and corporate structure of private sector banks but said it was still examining other proposals including one regarding industrial ownership the reserve bank of indias working group last november recommended that banking regulations be amended to allow large industrial houses to act as socalled bank promoters meaning they could take a significant stake in a lender something the central bank has strongly resisted in the past on friday the rbi said it was accepting 21 of 33 recommendations made by the working group and had made some partial modifications where it considered it to be necessary the remaining recommendations are under examination the rbi said reporting by swati bhat and nupur anand editing by kirsten donovan

the nio inc adr nio rallied 212 to 770 friday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 219 to 1297569 and the dow jones industrial average djia rising 100 to 3309334 nio inc adr closed 1673 below its 52week high 2443 which the company achieved on june 27th trading volume 429 m remained 110907 below its 50day average volume of 430 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

gold and silver futures edged higher wednesday after fitch ratings downgraded the us government’s credit rating tuesday evening following its warning it may do so earlier this year in the wake of the debt ceiling fight in congress gold futures for december delivery gc00 gcz23 rose by 990 or 05 to 1988 per ounce on comex silver futures for september delivery si00 siu23 gained 24 cents or 1 to 2457 per ounce palladium futures for september pa00 pau23 rose by 190 or 02 to 1239 per ounce while platinum futures for october pl00 plv23 delivery fell by 390 or 04 to 936 per ounce copper futures hg00 hgu23 declined by 3 cents or 07 to 388 per pound not long after us markets closed on tuesday fitch ratings announced it had cut the us government’s credit rating to aa from aaa citing expected fiscal deterioration over the next few years and “the erosion of governance” exemplified by the standoff over raising the debt ceiling see 25 trillion treasury market is in the spotlight as us loses its aaa rating for a second time fitch had warned earlier this year that it was considering a downgrade following this decision only one of the three major ratings houses rates the us government’s debt as toptier moody’s investors service standard poor’s dropped its aaa rating for the us back in 2011 the decision had a modest impact across global financial markets sinking stocks and us stock futures while leaving the us dollar and treasury yields little changed but boosting the price of gold and silver “just when it looked like gold might be entering a more challenging macroeconomic environment fitch ratings’ surprise cut to the us credit rating has given the mprecious metal a fresh boost as investors seek out its safe haven qualities” rupert rowling market analyst at kinesis money the ice us dollar index dxy was marginally lower at 10228 while the yield on the 10year treasury note bxtmubmusd10y was off by 2 basis points at 4021

bezant resources plc said tuesday that initial results from a trenching and soil sampling study on its kanye manganese project in botswana have provided it greater confidence the project may have a large manganese deposit the londonlisted mining company said soil sampling on its 100owned site confirmed a strong continuous soil anomaly covering an area of more than two kilometers in lateral extent and up to 750 meters wide we are very pleased with these initial results which have provided us with increased confidence that there is potential within the project area for a large manganese deposit executive chairman colin bird said the company said that when laboratory assay results for the trench channel samples are received expected in four to six weeks it will begin a drilling program to define the continuity and extent of the zone

prospex energy plc said tuesday that the operator of the selva malvezzi production concessionwhere it has a 37 interesthas signed a gas sales agreement or gsa with bp gas marketing ltd a subsidiary of bp international ltd the londonlisted energy investment company said that under the agreement bp gas marketing will purchase the forecast gas production from the soontobecompeted podere maiar1 production facility in italy the 18month gsa will start on april 1 and has the potential to be extended the company said prospex expects an estimated 37 million standard cubic meters of natural gas to be supplied under the contract it said first gas is still on track for early in the second quarter of 2023 on schedule and on budget chief executive mark routh said

shares of progressive corp pgr advanced 113 to 12981 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 039 to 394994 and dow jones industrial average djia falling 013 to 3370028 this was the stocks fifth consecutive day of gains progressive corp closed 119 below its 52week high 13100 which the company achieved on november 11th the stock demonstrated a mixed performance when compared to some of its competitors monday as travelers cos inc trv rose 054 to 18555 allstate corp all rose 115 to 13426 and selective insurance group inc sigi fell 058 to 9247 trading volume 15 m remained 12 million below its 50day average volume of 27 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

fresnillo plc on tuesday reported an 11 rise in 2021 pretax profit on revenue that was boosted by higher preciousmetals prices the mexican preciousmetals mining companywhich has already said the pandemic and the new labor overhaul in mexico are hampering its operationssaid its longerterm growth pipeline remains strong fresnillo made a pretax profit for the year ended dec 31 of 6115 million compared with 5513 million in 2020 earnings before interest taxes depreciation and amortization were 121 billion compared with 117 billion a year prior it said the board has declared a final dividend of 24 cents a share taking the total payout for the year to 339 cents a share up from 258 cents in 2020 and in line with policy in january fresnillo said that it expects to produce between 600000 and 650000 ounces of gold and 505 million to 565 million ounces of silver in 2022 this compares with gold production of 751203 ounces and silver production of 531 million ounces in 2021

behind losses for shares of salesforce inc and microsoft the dow jones industrial average is falling wednesday afternoon the dow djia was most recently trading 167 points 05 lower as shares of salesforce inc crm and microsoft msft are contributing to the bluechip gauges intraday decline salesforce incs shares have fallen 963 or 46 while those of microsoft have fallen 1155 37 combining for an approximately 140point drag on the dow other components contributing significantly to the decline include nike nke dow inc dow and walt disney dis a 1 move in any of the dows 30 components equates to a 659point swing editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

as industries continue to lose employees in large amounts amidst the great resignation companies are willing to do whatever it takes to hire new talent and potential employees and interns have the upper hand when it comes to negotiating things like compensation and benefits packages wall street in particular has responded to this unique job economy by increasing intern compensation significantly recent data from wall street oasis an online investment banking and finance community shows that if summer analyst interns worked year round at their monthly salary theyd have made 85000 in salary and bonuses last year summer associate interns even more making an equivalent of 147000 in salary and bonuses now according to bloomberg interns at top investment firms are earning 372 more for this internship season while interns at other large banks make 369 more bloomberg also reports that jane street a proprietary trading firm is paying interns a whopping 16356 on average this year patrick curtis the founder of wall street oasis says this is only a glimpse of whats to come and its extremely competitive the super high salaries are really for people who are exceptional and in the quantitative field curtis tells cnbc make it these firms need really technical brilliant people and theyre willing to spend that money to give them a taste of what they could potentially have post graduation and try to recruit and its for those specific chosen few who are coming from the mits of the world and the best engineering schools curtis also says for some firms the pay increase is directly related to the covid19 pandemic for the other investment banks there has been a sudden surge in pay and thats from interns all the way through like analysts and thats mostly because of covid and because of the outrage of what this job becomes when youre forced to be at home alone curtis explains that in many cases the most redeeming qualities of the job are the friendships and relationships made in the office however many companies are still working via remote or hybrid models recognizing how challenging this may be investment banks have now upped the ante but theyre not the only ones tech companies have also shown a significant increase in intern pay this year roblox offers the highest paying internship this year with interns making almost 10000 in median monthly pay out of the top ten highest paying internships as recently ranked by glassdoor nine of them are in tech this has made it harder for wall street investment banks and firms to stand out its tough for wall street because they are traditionally a little bit more conservative says curtis theyre not going to have the ping pong tables and the free snacks theyre financeoriented people by nature they think about profit much more than tech or just growth so i think its hard for wall street to compete… i think they are trying to compete on the pay front the 10 highestpaying us internships of 2022 according to glassdoor—some pay nearly 10000 a month serena williams just accomplished a longtime goal—a building named after her on nikes campus the 5 factors every successful dei policy should have according to an expert sign up now get smarter about your money and career with our weekly newsletter

shares of fortune brands home security inc fbhs slipped 230 to 9091 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 204 to 435263 and dow jones industrial average djia falling 163 to 3429999 fortune brands home security inc closed 2310 below its 52week high 11401 which the company achieved on may 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as masco corp mas fell 189 to 5505 armstrong world industries inc awi fell 339 to 9845 and american woodmark corp amwd fell 282 to 6628 trading volume 12 m eclipsed its 50day average volume of 676849 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of virgin galactic holdings inc spce advanced 368 to 479 tuesday on what proved to be an allaround rough trading session for the stock market with the nasdaq composite index comp falling 089 to 1089085 and dow jones industrial average djia falling 024 to 3265320 virgin galactic holdings inc closed 1689 short of its 52week high 2168 which the company achieved on november 9th the stock outperformed some of its competitors tuesday as southwest airlines co luv rose 162 to 3694 delta air lines inc dal fell 088 to 3363 and ryanair holdings plc adr ryaay rose 015 to 6899 trading volume 51 m remained 700273 below its 50day average volume of 58 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of american express co axp inched 001 higher to 16276 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 030 to 394872 and the dow jones industrial average djia rising 023 to 3210525 american express co closed 3124 below its 52week high 19400 which the company achieved on march 29th the stock demonstrated a mixed performance when compared to some of its competitors thursday as jpmorgan chase co jpm fell 027 to 12684 visa inc cl a v rose 116 to 22259 and bank of america corp bac fell 242 to 2697 trading volume 37 m remained 51783 below its 50day average volume of 38 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of itc ltd 500875 inched down 013 to 45290 indian rupees tuesday on what proved to be an allaround great trading session for the stock market with the sp bse sensex index 1 rising 025 to 6332770 itc ltd closed 300 rupees below its 52week high 45590 rupees which the company achieved on june 19 trading volume 109339 remained 314960 below its 50day average volume of 424299 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

morgan stanley says this beatup tech stock can rally more than 40

shares of thermo fisher scientific inc tmo shed 112 to 50846 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 061 to 417983 and dow jones industrial average djia falling 041 to 3290827 this was the stocks second consecutive day of losses

despite everything going on many of wall street’s businesses are actually doing pretty well but a dearth of debt underwriting is holding firms back for the time being this was illustrated by results at jefferies financial group for its fourth quarter running through november reported on monday evening fixedincome trading was up a whopping 71 from a year prior as interestrate volatility propelled a surge of activity advisory revenues from working with companies doing deals were also quite solid only tepid in comparison to the big flourish in the latter part of 2021 the quarter’s advisory revenue was still nearly double what it was in the firm’s last quarter of 2019 as a benchmark that is a big leap for the firm overall fiscal year 2022 investmentbanking revenues were the firm’s secondbest ever behind only 2021

shares of coty inc cl a coty dropped 064 to 780 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 072 to 427404 and dow jones industrial average djia falling 050 to 3398032 the stocks fall snapped a threeday winning streak coty inc cl a closed 332 below its 52week high 1112 which the company reached on november 17th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as procter gamble co pg fell 046 to 14924 estee lauder cos cl a el rose 015 to 27652 and inter parfums inc ipar fell 116 to 8430 trading volume 31 m remained 37 million below its 50day average volume of 69 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

russia will expand limited trading to all shares listed on the moscow exchange in another shortened session on monday the moscow exchange will trade russian shares in addition to corporate and municipal bonds in a shortened fourhour session according to the russian central bank’s website statement the ban on short selling these securities will apply it said

shares of activision blizzard inc atvi inched 054 higher to 8125 thursday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 058 to 447000 and dow jones industrial average djia falling 054 to 3521312 the stocks rise snapped a fourday losing streak activision blizzard inc closed 2328 below its 52week high 10453 which the company achieved on february 16th the stock outperformed some of its competitors thursday as microsoft corp msft fell 097 to 29909 trading volume 74 m eclipsed its 50day average volume of 73 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

seaworld entertainment inc seas stock rose 17 in premarket trades after the company beat analyst estimates for fourthquarter profit and revenue seaworld said its fourthquarter profit fell to 4901 million or 76 cents a share from 7134 million or 92 cents a share in the yearago quarter the company’s latest quarter beat the wall street estimate of 71 cents a share according to analyst estimates compiled by factset fourthquarter revenue rose 5 to 39052 million from 37082 million and ahead of the analyst forecast of 3881 million

frc is set to give its latest quarterly earnings report on wednesday 20211013 heres what investors need to know before the announcement analysts estimate that first republic bank will likely report an earnings per share eps of 184 first republic bank bulls will hope to hear the company to announce theyve not only beaten that estimate but also to provide positive guidance or forecasted growth for the next quarter new investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock but the guidance or forecast last quarter the company beat on eps by 1272 which was followed by a 01 increase in the share price the next day heres a look at first republic banks past performance and the resulting price change shares of first republic bank were trading at 20193 as of october 11 over the last 52week period shares are up 662 given that these returns are generally positive longterm shareholders are likely bullish going into this earnings release if you want to track all upcoming earnings announcements check out our earnings calendar here

the internal revenue service has way too many unprocessed tax returns from last year and far too few job applications for workers who will help the agency dig out of the backlog though the irs is seeking to fill 5000 positions at several campuses across the country only 179 positions have been filled so far according to erin collins national taxpayer advocate at the irs at same time the irs is facing a backlog that as of late december included 6 million unprocessed 2021 tax returns and another 23 million amended returns the pay for the clerical jobs wading through the paperwork isn’t exactly enticing collins said in congressional testimony tuesday many of the roles connected to submissionprocessing start at a federalworker pay grade that’s just under 25000 a year she said at a time when employers are raising wages to draw in and keep workers during a labor shortage “it is not surprising that the irs is having difficulty finding enough suitable job applicants” she wrote in testimony to a house of representatives ways and means oversight subcommittee “it is a challenge we have in the market” collins told lawmakers at the hearing noting the jobs at the irs facilities require workers to be physically present to handle the documents austin texas is the spot for one irs campus but rep lloyd doggett a democrat said the low starting pay for the jobs will not work for his constituents “here in austin that’s not a living wage” he said more pay bonuses hazard pay and other compensation perks are necessary steps collins said but she still doesn’t think “we are going to be able to hire enough people to get us out of this hole” last week the irs said it was temporarily reassigning 1200 staffers as part of a “surge team” to help with the backlog that’s “a good first step” collins said tuesday still she added “we are going to need more than the 1200” the irs had almost 82000 workers including more than 10500 seasonal workers in fiscal year 2021 agency statistics show the backlog is an outcome of temporary irs office closures early in the pandemic juggled against the agency’s duties distributing three rounds of stimulus checks child tax credit payments and various taxlaw changes for years the irs workload has been increasing as its headcount has been contracting the agency said with the 2022 taxfiling season underway irs commissioner charles rettig says he’s all too aware of the 2021 backlog and is taking “aggressive actions” to reduce it with the resources he has that includes the “surge team” and mandatory overtime in a letter to lawmakers on monday rettig wrote “we must continue pursuing innovative strategies while supporting the hard work and dedication of our employees to fulfill our commitment to return inventories to a healthy level before entering the 2023 filing season”

tegna inc tgna announced tuesday an agreement to be acquired by privately held standard general lp in a deal with an equity value of about 54 billion shares of the media company which has 64 tv stations and owns networks including true crime network were currently halted for news under terms of the deal standard general will pay 24 in cash for each tegna share outstanding which represents a 146 premium to fridays closing price of 2095 and a price the stock hasnt traded at since september 2007 after the deal closes which is expected to occur in the second half of 2022 tegna stations in austin dallas and houston are expected to be acquired by cox media group from standard general after evaluating this opportunity against tegnas standalone prospects and other strategic alternatives our board concluded that this transaction maximizes value for tegna shareholders said tegna chairman howard elias tegnas stock which was up 57 preamrket prior to the trading halt has slipped 11 over the past three months through friday while the sp 500 spx has declined 71

if history is any guide there may be trouble ahead for shares of rogers communicationsnyserci a socalled death cross has formed on its chart and not surprisingly this could be bearish for the stock what to know many traders use moving average crossover systems to make their decisions when a shorterterm average price crosses above a longerterm average price it could mean the stock is trending higher if the shortterm average price crosses below the longterm average price it means the trend is lower why its important the 50day and the 200day simple moving averages are commonly used the death cross occurs when the 50day moves below the 200day this could mean the longterm trend is changing that just happened with rogers communications which is trading around 47075 at publication time instead they use it as a signal to start looking for short positions based on other factors like price levels and company fundamentals events for seasoned investors this is just a sign that it might be time to start considering possible short positions with that in mind take a look at rogers communicationss past and upcoming earnings expectations do you use the death cross signal in your trading or investing share this article with a friend if you found it helpful

shares of biogen inc biib slid 421 to 20391 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 432 to 393269 and dow jones industrial average djia falling 394 to 3110497 the stocks fall snapped a fourday winning streak biogen inc closed 10030 short of its 52week high 30421 which the company reached on september 21st the stock underperformed when compared to some of its competitors tuesday as johnson johnson jnj fell 260 to 16133 pfizer inc pfe fell 329 to 4619 and abbvie inc abbv fell 261 to 13853 trading volume 11 m eclipsed its 50day average volume of 843459 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

us stocks traded lower wednesday led by technology stocks as traders absorbed news of deflation in china and looked ahead to the us july consumer price index data due thursday on tuesday the dow fell 159 points or 045 to 35314 the sp 500 declined 19 points or 042 to 4499 and the nasdaq dropped 110 points or 079 to 13884 it was the five drop in six sessions for the sp 500 investors are waiting for the july consumer price index data due thursday and producer prices due friday to get more clues on whether the federal reserve is done with its interest rate hikes economists polled by the wall street journal forecasted the consumer price index to rise 02 in july at the same pace from the prior month they also expected the annual rate of inflation to accelerate to 33 from 3 in the prior month the socalled core cpi which excludes food and energy prices is expected to grow 02 in july the rate of core inflation over the past 12 months is expected to slow to 47 in july from 48 in the prior month i dont think it the cpi data is going to be a big market mover tomorrow kathryn rooney vera chief market strategist at stonex said in an interview i think what the market is focused on is soft landing being if the fed is able to get the economy to decelerate in terms of inflation pressures towards the 2 target without eliciting any form of economic contraction said rooney vera weighing on the sentiment is that news of falling consumer prices in china which fell 03 for the year to july dovetails with the countrys weak trade data released this week and raises concerns that growth is faltering in the worlds second biggest economy china is now witnessing the actual cost of goods both in stores and at the factory gate falling it is indicative of a significant slowdown in the chinese economy which is beset by high levels of indebtedness said steve clayton head of equity funds hargreaves lansdown however traders also note that deflationary pressures emanating from china may help further reduce goods inflation in the us and elsewhere thereby helping central banks to soon stop raising borrowing costs markets dont appear too adventurous ahead of the us cpi instead traders are reverting the riskoff trade from overnight markets after yet another august storm front passed but much of the move is likely preus cpi housekeeping given that stocks bonds and currency markets react wildly to cpi beats and misses said stephen innes managing partner at spi asset management whats more the second quarter corporate earnings season continues with roblox rblx penn entertainment penn wynn resorts wynn and walt disney dis presenting their numbers penn entertainment stock surged after agreeing on a sportsbet partnership with disneys espn there are no major us economic data due on wednesday this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal

shares of micron technology inc mu advanced 611 to 6464 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 030 to 413628 and the dow jones industrial average djia rising 014 to 3334860 micron technology inc closed 1077 below its 52week high 7541 which the company achieved on june 2nd editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of canadian apartment properties real estate investment trust un carut rallied 142 to c4491 wednesday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 080 to 1924144 canadian apartment properties real estate investment trust un closed c1786 short of its 52week high c6277 which the company achieved on september 9th trading volume of 605103 shares eclipsed its 50day average volume of 404865 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of wells fargo co wfc inched 007 higher to 4090 thursday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 088 to 415128 and the dow jones industrial average djia falling 011 to 3276465 wells fargo co closed 794 short of its 52week high 4884 which the company reached on february 14th the stock demonstrated a mixed performance when compared to some of its competitors thursday as us bancorp usb fell 097 to 3051 us bancorp dep pfd rep 11000th noncum perp pfd series k usbprp fell 070 to 2281 and us bancorp dep pfd rep 11000th perp 375 pfd series l usbprq rose 018 to 1620 trading volume 177 m remained 87 million below its 50day average volume of 264 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of therapeuticsmd inc txmd plummeted 3555 to 533 wednesday on what proved to be an allaround rough trading session for the stock market with the nasdaq composite index comp falling 015 to 1124758 and dow jones industrial average djia falling 067 to 3077279 therapeuticsmd inc closed 4867 short of its 52week high 5400 which the company reached on july 22nd the stock underperformed when compared to some of its competitors wednesday as johnson johnson jnj fell 023 to 17544 merck co inc mrk rose 018 to 9377 and novartis ag adr nvs fell 111 to 8301 trading volume 38 m eclipsed its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

bonds yields are rising as investors brace for steeper rate increases by the federal reserve it’s a bad sign for both bonds and stocks the 10year treasury yield was at 407 on thursday up around seven basis points a basis point is a hundredth of a percent the yield touched 4 on wednesday for the first time since last november and is up sharply from its yeartodate low of around 337 in midjanuary

shares of ibio inc ibio rose 495 to 212 tuesday on what proved to be an allaround great trading session for the stock market with the nasdaq composite index comp rising 225 to 1119912 and the dow jones industrial average djia rising 107 to 3183674 ibio inc closed 2253 below its 52week high 2465 which the company reached on november 4th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as novanta inc novt rose 644 to 13610 diebold nixdorf inc dbd fell 459 to 208 and gopro inc gpro rose 037 to 549 trading volume 445355 eclipsed its 50day average volume of 127703 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

never miss a trade again with the fastest news alerts in the world this headline only article is a sample of realtime intelligence benzinga pro traders use to win in the markets everyday want the fastest most accurate stock market intelligence want exclusive stories originated by benzinga reporters join 10000 serious traders in the benzinga pro community

construction of new homes in the us decreased in april for the second straight month driven by a decline in singlefamily units data from the us commerce department showed wednesday here are the main takeaways from the report housing starts a measure of us homebuilding fell 02 in april on month to a seasonally adjusted annual rate of 1724 million economists polled by the wall street journal expected housing starts to fall 24 housing starts are 146 above the same month a year earlier in march housing starts were downwardly revised to 1728 million from an earlier estimate of 1793 million monthly housing starts data are volatile and aprils data came with a margin of error of 87 percentage points residential permits which can be a bellwether for future home construction decreased 32 in april on month to a seasonally adjusted annual rate of 1819 million housing demand is robust amid low inventories but sentiment is deteriorating due to material shortages high costs and rising mortgage rates an indicator compiled by the national association of home builders released tuesday showed that confidence in the singlefamily housing market fell sharply in may to the lowest level in nearly two years

blankcheck company cetus capital acquisition corp on thursday filed for a 60 million initial public offering with the us securities and exchange commission the company said it planned to focus its search for a target business industrials information technology and internetofthings industries with an intention to initially prioritize taiwan the company also said we will not consider or undertake a business combination with an entity or business that is based in or has its principal business operations in the peoples republic of china including hong kong and macau cetus capital acquisition said it applied to list its units on the nasdaq global market under the symbol cetsu ef hutton is listed as the offerings underwriter

shares of unitedhealth group inc unh rallied 311 to 49438 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 163 to 470985 and the dow jones industrial average djia rising 108 to 3592743 this was the stocks second consecutive day of gains unitedhealth group inc hit a new 52week high surpassing its previous peak of 48304 which the company reached on december 14th the stock outperformed some of its competitors wednesday as anthem inc antm rose 222 to 44356 humana inc hum fell 001 to 46180 and centene corp cnc rose 181 to 8333 trading volume 41 m eclipsed its 50day average volume of 29 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of lkq corp lkq sank 073 to 4893 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 015 to 3192862 and the sp 500 index spx falling 081 to 394148 lkq corp closed 1150 short of its 52week high 6043 which the company reached on january 3rd the stock demonstrated a mixed performance when compared to some of its competitors tuesday as oreilly automotive inc orly rose 502 to 60818 copart inc cprt fell 212 to 10815 and genuine parts co gpc rose 100 to 13093 trading volume 17 m remained 145308 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of schlumberger ltd slb inched 067 higher to 5736 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 024 to 456572 and the dow jones industrial average djia rising 031 to 3506121 this was the stocks second consecutive day of gains schlumberger ltd closed 209 below its 52week high 5945 which the company reached on january 18th the stock outperformed some of its competitors wednesday as baker hughes co bkr rose 046 to 3520 halliburton co hal fell 289 to 3701 and nov inc nov fell 107 to 1845 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

oil futures on friday looked to post their first gain in five sessions but held onto a nearly 7 loss for the week driven by worries over the economic outlook oil prices have climbed in the wake of the us jobs report released friday which revealed a strong increase of 253000 new jobs in april according to government data the unemployment rate fell to 34 from 35 oil has been sold heavily by recession fears throughout the past trading week yet the jobs report along with relatively upbeat comments from central bank officials and statements throughout the week suggests that there is some hope a recession can be avoided this year said jameel ahmad chief analyst at comparebrokerio in emailed commentary wti crude ended thursday at its lowest since march 20 with crude continuing to feel pressure from fears aggressive tightening by the federal reserve and other major central banks will spark a steep global downturn undercutting demand for crude continued weakness in shares of us regional banks was seen adding to a riskaverse mood among investors that weighed on oil futures which have more than erased an early april rally sparked by an unexpected round of production cuts by members of the organization of the petroleum exporting countries and their allies known collectively as opec the steep drop however was also seen leaving crude futures technically oversold and due for a bounce concerns about demand are the key factor here though we doubt that they are justified to such an extent said barbara lambrecht commodity analyst at commerzbank in a note pessimism around demand from china following its dropping of covid19 curbs appears particularly excessive given the countrys substantial pentup demand lambrecht wrote if chinese crude oil imports which nearly reached their june 2020 record level in march surprise to the upside in april too this could put the market in a more optimistic mood naturalgas futures on friday climbed along with oil but were poised for a hefty loss on the week they posted a decline thursday after the energy information administration reported that domestic naturalgas supplies rose by 54 billion cubic feet for the week ended april 28 that nearly matched the average increase of 52 billion cubic feet forecast by analysts surveyed by sp global commodity insights read natural gas hysteria cools just as demand is expected to heat up this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal

treasury yields continued to push higher wednesday as investors penciled in a more aggressive than previously expected round of rate increases from the federal reserve a sharp treasury selloff to begin the new year has pushed yields to prepandemic levels as investors look for the fed to begin lifting interest rates in march with some penciling in a potential halfpoint tightening at that time the federal reserve is seen using its meeting later this month to prepare ground for lifting rates at its following policy gathering in march read fed to use upcoming policy meeting to get ducks in a row for march liftoff the sharp rise in yields has been blamed for unsettling equity markets triggering selling pressure for tech and other growth stocks whose valuations are based on expectations for cash flow far into the future when treasury yields rise the value of that future cash is discounted after a tuesday selloff the techheavy nasdaq composite comp was down more than 7 so far in the new year while the sp 500 spx declined 4 over the same period and the dow jones industrial average was off 27 stockindex futures pointed to a slightly higher start on wednesday the economic calendar is light featuring data on december building permits and housing starts at 830 am eastern what are analysts saying “the reason for the sharp increase in bond yields is the market’s growing expectation that the federal reserve will raise interest rates for the first time in the pandemic era in march and follow this up with multiple hikes during the remainder of 2022” said matthew ryan senior market analyst at ebury in emailed comments “while it is too soon for the fed to raise rates at its january meeting we now see a very good chance that policy makers will indicate a hike is on the way when the qe program draws to a close in two months time” he said

shares of british land co plc blnd inched up 071 to £455 wednesday on what proved to be an allaround favorable trading session for the stock market with the ftse 100 index ukx rising 026 to 788517 british land co plc closed 9770 pence below its 52week high £553 which the company achieved on february 10 trading volume 14 m remained 15 million below its 50day average volume of 29 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

us highyield bond sales reached an annual record of 4324 billion on tuesday as companies rush to lock in low coupons while they still can cheap funding costs have unleashed a prolonged pileon of debt issuance and borrowers have been hurrying to take advantage of the opportunity before the federal reserve eventually raises interest rates that could come sooner than expected amid inflation pressures though federal reserve chair jerome powell is still preaching patience as of last week

the us securities and exchange commission filed a lawsuit against oppenheimer co inc and settled similar cases with three other firms for allegedly failing to comply with disclosure requirements for municipalbond offerings the firstoftheirkind actions separately accuse oppenheimer bny mellon capital markets llc td securities usa llc and jefferies llc of failing to meet the legal requirements that would expect them from obtaining disclosures for investors in certain municipalbond offerings the sec said that at different times since 2017 the firms purported to rely on the socalled limited offering exemption to avoid making certain disclosures but did not take the steps necessary to obtain that exemption without admitting or denying the secs allegations bny mellon has agreed to pay a 300000 fine and more than 650000 in disgorgement and interest while td securities and jefferies would each pay a 100000 fine and smaller disgorgement and interest sums the secs suit against oppenheimer will play out in a manhattan federal court

shares of applied materials inc amat slid 022 to 15159 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 015 to 458896 and the dow jones industrial average djia rising 028 to 3555953 applied materials inc closed 169 short of its 52week high 15328 which the company reached on july 28th the stock underperformed when compared to some of its competitors monday as broadcom inc avgo fell 013 to 89865 qualcomm inc qcom rose 208 to 13217 and advanced micro devices inc amd rose 127 to 11440 trading volume 42 m remained 23 million below its 50day average volume of 64 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of carmax inc kmx slipped 055 to 7181 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 099 to 422102 and the dow jones industrial average djia rising 047 to 3306157 this was the stocks second consecutive day of losses

us stock index futures rose on wednesday after largely inline consumer prices data eased some concerns about fasterthanexpected interest rate hikes with big technology stocks leading the gains after a bruising selloff at the start of the year at 903 am et dow eminis were up 032 at 36244 sp 500 eminis were up 043 at 4725 while nasdaq 100 eminis were up 075 at 1594925 citigroup inc cn up 03 premarket buzzgains for 4th day on fresh revamp strategies ally financial inc allyn up 28 premarket buzzup nearly 1 on 2 billion share buyback dividend hike biogen inc biibo down 97 premarket buzzfalls as us medicare plans to cover alzheimers drug only for trial patients tesla inc tslao up 10 premarket buzzcalifornia reviews teslas full self driving test program report didi global inc didin up 55 premarket buzzgains as reports say hong kong listing likely in q2 apple inc aaplo up 07 premarket buzziphone lead times suggest supply has mostly met demand goldman sachs virgin orbit holdings inc vorbo down 54 premarket buzzfalls after pushing first satellite launch date bed bath beyond inc bbbyo up 43 premarket buzzfirms after filings show insiders bought shares alcoa corporation aan up 22 premarket buzzalcoa to benefit from high aluminum prices ev transition jefferies taketwo interactive software inc ttwoo up 14 premarket buzztaketwo rises after bmo upgrades to outperform novavax inc nvaxo up 05 premarket buzzup on covid19 vaccine authorization in south korea hyzon motors inc hyzno down 128 premarket buzzfalls on flagging margin hit sec subpoena paypal holdings inc pyplo down 14 premarket buzzslips as jefferies cuts to hold slashes pt ally financial inc allyn up 28 premarket buzzgains after stock buyback dividend boost jefferies financial group inc jefn down 52 premarket buzzfalls after q4 results miss estimates ocugen inc ocgno up 106 premarket buzzgains as covid19 vaccine booster effective against omicron delta in study nexgel inc nxglo up 123 premarket buzzset for best day on launching hydrogel patch to treat foot blisters immuron limited up 611 premarket buzzset for 3month high on research contract with us military

curtis banks group plc on thursday posted a swing to pretax loss in 2022 on a goodwill charge and sees profit improving in 2023 the uk financialservices company posted a pretax loss of 37 million pounds 46 million due to a gbp115 million goodwill impairment charge linked to its dunstan thomas segment against a pretax profit of gbp93 million the prior year on an adjusted basis pretax profit rose 10 to gbp154 million revenue rose to gbp681 million from gbp633 million it said its assets under administration fell 4 to gbp358 billion on external movements the londonlisted group added the board said it decided not to propose a final dividend given it is being acquired by nucleus financial platforms ltd we expect revenue and profit margins to continue to improve in 2023 as interest on deposit balances benefit from a higher yield curve alongside improvement in our fintech segment which has been a key focus over h2 2022 and underlying stability in our pension administration fees said the group

warsaw nov 7 reuters polands central bank is expected to raise its main interest rate by 25 basis points to 700 on wednesday a reuters poll showed as analysts bet that forecasts of rising inflation will outweigh fears over slowing growth the national bank of poland nbp surprised markets in october by leaving its main rate on hold at 675 but governor adam glapinski said the decision did not mark the end of the tightening cycle and that further decisions would depend on data ratesetters will see the nbps latest economic forecasts at their meeting on wednesday we still have growth in inflation it is not slowing down there are broad price pressures and that is the main argument for raising rates said jakub szczepaniec an economist at alior bank which is forecasting a 25basispoint hike inflation in poland was 179 in october according to a flash estimate from the statistics office szczepaniec also pointed to the weak zloty currency and policy tightening by major central banks as factors making an increase in rates likely of 21 analysts polled by reuters 11 expected the main rate to rise by 25 basis points eight expected no change and two expected a fiftybasispoint hike those expecting rates to stay on hold point to the risks of a dramatic slowdown in growth next year fears that were fuelled by an interview with nbp deputy head marta kightley who said that the banks november projections for growth would be lower than in the last set of forecasts its a very close call said marta petkazagajewska head of macro research team at pko bank polski however taking into account the recent comments pointing at a high probability of a significant downward revision in gdp growth we assume that the mpc will be hesitant to continue with tightening

shares of canadian national railway co cnr slid 023 to c15501 thursday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 026 to 2043687 canadian national railway co closed c2038 below its 52week high c17539 which the company reached on december 13th trading volume of 742107 shares remained below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of clorox co clx inched 027 higher to 14512 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 067 to 403061 and dow jones industrial average djia falling 057 to 3209899 the stocks rise snapped a fourday losing streak clorox co closed 4174 short of its 52week high 18686 which the company achieved on january 14th the stock demonstrated a mixed performance when compared to some of its competitors monday as reckitt benckiser group plc rbgpf fell 140 to 7489 henkel ag co kgaa pfd adr henoy rose 070 to 1645 and beiersdorf ag adr bdrfy rose 068 to 2065 trading volume 546098 remained 699034 below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of bed bath beyond jumped sharply in early trading wednesday as news of an accelerated share buyback plan and tieup with kroger reignited the interest of retail investors in the heavily shorted stock fred katayama reports

imagine it is march 2021 and you’re leading a funding round where you’ve raised 350 million at a 3billion valuation now it’s july 2021 and you’re to raise 500 million at an almost 5 billion valuation now imagine it is june 2022 and you’ve taken a 250million credit line because you’re teetering on insolvency just days later you’re looking at selling the company for just 25 million to the same people who extended your credit line a term sheet is almost completed and expected to be signed by the end of the week that will see the secondlargest crypto firm ftx acquire embattled crypto lending platform blockfi for a paltry 25 million cnbc reported thursday citing sources familiar with the situation a shocking 995 less than its near 5billion valuation what happened to blockfi blockfi ceo zac prince attributes the poetic fallout to a “dramatic shift in macroeconomic conditions” and the fact that the company’s growth strategy was unsustainable it grew from 150 employees at the end of 2020 to more than 850 employees before cutting 20 of its staff all of this occurred in under a month triggered by the terraluna collapse that entangled every crypto fund with exposure cnbc quoted a source as saying such an acquisition could take months to complete and the price could change between now and friday the battle for blockfi the reason the price tag may change between now and friday is that morgan creek digital’s cofounder anthony pompliano known as pomp to the crypto community is trying to raise 250 million to counter ftx’s revolving credit facility by purchasing a majority stake in the peter thielbacked crypto exchange in a call leaked on june 26 mark yusko managing partner of morgan creek said that ftx would eliminate management employees with stock options and all equity investors in the companys prior venture rounds if the buyout went through according to a source who spoke to cnbc blockfis equity investors have been wiped out and are writing off the value of their losses since there was no shop clause in the term sheet the individual said multiple offers were being considered echoes of bear stearns we’ve seen this before in traditional finance during the great financial collapse of 2008 jpmorgan chase co jpm bought bear stearns for 14 billion around 93 lower than its market capitalization in early 2007 bankmanfried’s ftx intends to follow suit by buying blockfi for a 995 discount from its 48billion series e valuation in july 2021 this comes after bankmanfried’s quantitative research firm alameda research extended a 500million term loan to voyager digital related link morgan creek is trying to bailout blockfi to counter ftx heres how

shares of cbre group inc cl a cbre shed 133 to 6845 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 016 to 397127 and dow jones industrial average djia falling 012 to 3239425 cbre group inc cl a closed 2576 below its 52week high 9421 which the company achieved on march 30th

shares of invesco ltd ivz slid 304 to 1852 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 108 to 411577 and dow jones industrial average djia falling 081 to 3291090 the stocks fall snapped a twoday winning streak invesco ltd closed 1096 short of its 52week high 2948 which the company achieved on june 10th the stock underperformed when compared to some of its competitors wednesday as blackrock inc blk fell 253 to 66241 carlyle group inc cg fell 233 to 3858 and lazard ltd laz fell 233 to 3562 trading volume 35 m remained 470576 below its 50day average volume of 40 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of hyliion holdings on wednesday rose a day after the manufacturer of hybrid and electric powertrains for trucks reported earnings with a narrowerthanexpected loss per share as it cuts spending levels the stock was up 92 to 190 at 150 pm et on volume that was more than double the 52 week average the shares

a view shows the crude oil terminal kozmino on the shore of nakhodka bay near the port city of nakhodka russia august 12 2022 reuterstatiana meel singapore sept 14 reuters oil prices inched higher in early trade on monday as opec stuck to forecasts for robust global fuel demand growth offsetting concerns of another us federal reserve interest rate hike next week after consumer prices unexpectedly rose in august brent crude futures rose 3 cents to 9320 a barrel by 0116 gmt after settling 09 lower on tuesday us west texas intermediate crude was at 8741 a barrel up 10 cents or 01 the organization of the petroleum exporting countries opec on tuesday reiterated forecasts for growth in global oil demand in 2022 and 2023 citing signs that major economies were faring better than expected despite headwinds such as surging inflation oil demand will increase by 31 million barrels per day bpd in 2022 and by 27 million bpd in 2023 opec said in a monthly report leaving its forecasts unchanged from last month read more the resilient moves in oil prices suggest that undersupply is still a primary issue in the physical markets especially after opec kept its positive demand outlook on tuesday said tina teng an analyst at cmc markets oil prices were also supported by reports that the us biden administration was considering refilling its strategic oil reserve as well as lower market expectations for a revival of the wests 2015 nuclear deal with iran said anz research analysts in a note weighing on oil and financial markets however was a hotterthanexpected us inflation report on tuesday that dashed hopes that the fed could scale back its rate policy tightening in the coming months read more fed officials are set to meet next tuesday and wednesday with inflation remaining way above the us central banks 2 target in china tough ongoing covid19 curbs are squeezing fuel demand at the worlds largest oil importer read more chinas zerocovid policy remains intact and that will keep any rebounds that emerge over the coming weeks capped said edward moya a senior market analyst at oanda in a note the us is the big wildcard and if that demand outlook weakens oil could resume its downward trajectory that has been in place since the start of the summer on the supply side us crude stocks rose by about 6 million barrels for the week ended sept 9 according to market sources citing american petroleum institute figures on wednesday the us government will release inventory data at 1030 am edt 1430 gmt on wednesday

naturalgas futures down more than 2 for the week oil prices headed lower on friday but looked to post their longest consecutive streak of weekly gains since april as production cuts and a weaker us dollar have pushed prices higher crudeoil futures were lower on friday but remained higher for the week and was on track to rise for a second straight month in july signs that us inflation is waning more quickly than economists had expected undermined bond yields and the dollar fell sharply in the past week helping to boost prices of many dollardenominated commodities including oil the narrative that the federal reserve is winning the fight against inflation got a boost as both cpi and ppi came in weaker than expected this week leading to a fresh rally for stocks oil bonds and foreign currencies said fawad razaqzada market analyst at city index and forexcom the fact that the dollar fell this has helped to boost the prices of all buckdenominated assets including crude oil gold silver and copper he said the ice us dollar index a gauge of the us dollars strength compared with its main rivals rose 02 to 99925 in friday dealings but the index hit its lowest level in more than a year a day earlier and trades more than 2 lower for the week still stephen innes managing partner at spi asset management told marketwatch that he was very surprised that the oil markets have moved higher for the week even as us government data revealed a weekly rise in crude inventories when a decline or small build was expected i think the market was in soft economic landing mode and that probably still is the case currently he said questions surround whether the oil market is actually seeing tighter supplies following production cuts by major oil producers are we seeing the cuts or are there still lots of barrels on the water courtesy of russia and the numerous dark fleets said innes meanwhile oil prices may find support from supply disruptions amid reports that major oil fields in libya have been shut down he said production at libyas el feel sharara and 108 oilfields was shut on thursday in protest against the abduction of a former finance minister reuters reported thursday afternoon citing comments from a tribal leader this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal

shares of kimco realty corp kim sank 044 to 2017 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 020 to 3563068 and the sp 500 index spx falling 027 to 457673 kimco realty corp closed 372 below its 52week high 2389 which the company reached on august 16th the stock underperformed when compared to some of its competitors tuesday as realty income corp o fell 031 to 6078 regency centers corp reg rose 032 to 6574 and federal realty investment trust frt fell 029 to 10123 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of novavax inc rose 15 in early trading friday after a food and drug administration advisory committee said it would meet in june to review the companys experimental covid19 vaccine after ticking up during premarket trading to open at 4595 the shares were trading at 51 by 1032 am et the biotechnology companys proteinbased vaccine has been authorized in the uk and europe but is still under the fdas microscope earlier this month an agency official called the review process for novavaxs clinicaltrial data and manufacturing data incredibly complex the companys stock is down more than 64 this year and has dropped more than 78 over the past 12 months

two energy explorers whose stocks outperformed the broader market in 2022—a monster year for the sector—are slumping this year but insiders at both companies recently bought up shares conocophillips ticker cop and devon energy shares dvn soared 63 and 40 respectively in 2022 trouncing the sp 500 index which dropped 19 the energy select sector spdr exchangetraded fund xle—which includes both conocophillips and devon as components—leapt 58 in 2022

shares of starbucks corp sbux rose 198 to 9721 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 243 to 443185 and the dow jones industrial average djia rising 165 to 3472547 the stocks rise snapped a threeday losing streak starbucks corp closed 2911 short of its 52week high 12632 which the company reached on july 23rd the stock demonstrated a mixed performance when compared to some of its competitors friday as pepsico inc pep rose 195 to 17267 mcdonalds corp mcd rose 295 to 25609 and yum brands inc yum rose 202 to 12224 trading volume 83 m eclipsed its 50day average volume of 80 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of deere co de rose 135 to 36594 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 183 to 397987 and the dow jones industrial average djia rising 140 to 3158128 the stocks rise snapped a fiveday losing streak deere co closed 8082 short of its 52week high 44676 which the company reached on april 20th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as caterpillar inc cat rose 011 to 18086 agco corp agco rose 205 to 10898 and kubota corp adr kubty fell 047 to 7360 trading volume 913086 remained 588000 below its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of colgatepalmolive co cl inched 020 higher to 7441 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 016 to 399105 and dow jones industrial average djia falling 026 to 3304509 colgatepalmolive co closed 940 short of its 52week high 8381 which the company achieved on august 19th the stock underperformed when compared to some of its competitors wednesday as procter gamble co pg rose 042 to 14050 trading volume 36 m remained 623573 below its 50day average volume of 43 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

bengaluru june 1 reuters australias housing market outlook has improved significantly with home prices expected to on average stagnate this year compared to the near doubledigit fall predicted three months ago according to a reuters poll of housing analysts after slumping about 9 from may 2022 to february australian home prices rose for a second straight month in april suggesting the fall in the countrys property prices had bottomed out and the market was now rebounding that turnaround was partly down to expectations the reserve bank of australia is mostly done with its policy tightening enticing cashrich home buyers to go house hunting again the may 1631 reuters poll of 14 property analysts showed average home prices stagnating this calendar year a significant improvement from the just over 9 fall predicted in a march survey they were then forecast to rise 45 in 2024 almost twice the expected rate from the previous poll however major local banks have differing views on the outlook while anz and westpac forecast no growth this year cba expected a 30 rise and nab predicted a 40 decline in prices the recent upturn has come as a surprise to us said adelaide timbrell senior economist at anz who said the sharp rise in interest rates previously had them forecasting a 10 decline this year but said we now think most of the weakness is behind us we did expect that strong household income growth and large savings buffers would provide a cushion for the fall in house prices its possible that these are providing more support than we originally anticipated she added analysts also revised their forecast of the peaktotrough fall to a median of just under 10 from the previous surveys 16 decline that was modest compared to the 20 toptobottom drop predicted in new zealand house prices and only a fraction of the 25 surge during the pandemic alone the shift upwardshas arrived earlier than we anticipated said gareth aird head of australian economics at cba which has the countrys largest mortgage book they had long held a peaktotrough forecast decline of 15 we are almost at the top of the rbas hiking cycle which means the headwind on property prices from rates ratcheting higher has largely run its course the rba has hiked rates by 375 basis points so far and it was a close call in a separate reuters poll as to whether it was now done at 385 or would go for one more 25 basis point lift markets are pricing in an august move to 410 but affordability remains a problem for most firsttime home buyers as prices were still beyond their reach seven of nine analysts who answered an additional question said affordability over the coming year would worsen two said it would improve all measures of housing affordability are poor despite the fall in prices from their highs it takes over 10 years for someone on average fulltime earnings to save for a deposit versus five years 30 years ago said shane oliver chief economist at amp for other stories from the reuters quarterly housing market polls

singaporecredit suisse group ag continues to operate in singapore and hong kong following ubs group ags announced takeover of the swiss bank the central banks of singapore and hong kong said monday credit suisses operations in singapore will continue with no interruptions or restrictions the monetary authority of singapore said in a statement customers of credit suisse will continue to have full access to their accounts and credit suisses contracts with counterparties remain in force the mas said ubss takeover of credit suisse isnt expected to affect the stability of singapores banking system the mas added the mas has been in close touch with the swiss financial market supervisory authority and was briefed by finma earlier monday on the details of the takeover singapores central bank said it will stay in close contact with finma cs and ubs as the takeover is carried out to facilitate an orderly transition including addressing any effects on employment the mas added singapores central bank will continue to closely monitor the domestic financial system and international developments and is ready to offer liquidity via its suite of facilities to ensure that singapores financial system stays stable and financial markets continue to function in an orderly manner the mas said in hong kong credit suisses operations which consist of a branch supervised by the hong kong monetary authority and two licensed corporations supervised by the securities and futures commission will open for business as usual today the hkma said in a statement customers can continue to access their deposits with credit suisses branch and trading services provided by credit suisse for hong kongs stock and derivatives markets the hkma said the exposure of hong kongs banking sector to credit suisse is insignificant and the citys banking sector is resilient with strong capital and liquidity positions the hkma said credit suisses licensed corporations arent among the top 10 active brokers in hong kongs stock and derivatives markets and their overall exposure to the hong kong market isnt significant the hkma said the hkma and the sfc will keep in close touch with the swiss authorities and will monitor the financial markets very closely the central bank said

shares of itc ltd 500875 rallied 177 to 34565 indian rupees friday on what proved to be an allaround poor trading session for the stock market with the sp bse sensex index 1 falling 145 to 5933090 itc ltd closed 1625 rupees short of its 52week high 36190 rupees which the company achieved on november 11 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of vertex pharmaceuticals inc vrtx slid 372 to 24539 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 388 to 374963 and dow jones industrial average djia falling 279 to 3051674 this was the stocks third consecutive day of losses vertex pharmaceuticals inc closed 4736 below its 52week high 29275 which the company reached on april 14th the stock underperformed when compared to some of its competitors monday as johnson johnson jnj fell 101 to 17081 merck co inc mrk fell 250 to 8500 and abbvie inc abbv fell 264 to 13942 trading volume 16 m remained 145396 below its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of akamai technologies inc akam rose 133 to 7605 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 056 to 397099 and the dow jones industrial average djia rising 041 to 3223753 this was the stocks second consecutive day of gains akamai technologies inc closed 4720 below its 52week high 12325 which the company achieved on april 21st the stock outperformed some of its competitors friday as synopsys inc snps fell 075 to 37656 cognizant technology solutions corp ctsh rose 084 to 5865 and arista networks inc anet fell 027 to 16894 trading volume 12 m remained 612230 below its 50day average volume of 18 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

lancashire holdings ltd on friday said its pretax loss for 2022 narrowed as its premiums increased and said it has seen a strong start to 2023 the bermudabased insurer said its pretax loss for the year ended dec 31 was 28 million from a loss of 568 million the previous year its gross premiums underwritten stood at 165 billion from 123 billion it said the uk listed company said its combined ratio stood at 977 at dec 31 from 1073 a year earlier it said its total net investment loss was 35 from unrealized losses compared with the 01 return it had posted for 2021 its catastrophe and weather related losses excluding the impacts of reinstatement premiums but including the impact of hurricane ian were 2184 million it said lancashire recently increased the amount set aside for direct claims from the conflict in ukraine to 658 million it added the group declared a stable final dividend of 010 per share from a capital perspective we held a very strong position throughout the year and we have the necessary headroom to continue to write profitable business and deliver returns during what we expect to be a harder market in 2023 said chief executive alex maloney adding the group began 2023 with strong jan 1 renewals

shares of autodesk inc adsk rose 222 to 33364 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 039 to 470090 and the dow jones industrial average djia rising 015 to 3614222 autodesk inc closed 1075 short of its 52week high 34439 which the company reached on august 24th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as apple inc aapl rose 067 to 15100 adobe inc adbe rose 171 to 67103 and synopsys inc snps rose 223 to 35346 trading volume 11 m eclipsed its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

wall street is bearish on treasuries in 2022 the federal reserve recently pivoted to a more hawkish policy stance and analysts predict the central bank could raise rates as soon as march that bodes poorly for prices which move inversely to yields but global demand for higheryielding treasuries may limit or even prevent losses if treasurymarket investors lose money in the coming year it would be a recordsetting event that’s because treasuries haven’t posted two consecutive calendar years of losses in at least 43 years

shares of paychex inc payx slid 104 to 10885 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 112 to 414558 and dow jones industrial average djia falling 069 to 3305551 paychex inc closed 3062 below its 52week high 13947 which the company reached on august 18th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as oracle corp orcl fell 317 to 9854 intuit inc intu fell 095 to 44980 and automatic data processing inc adp fell 045 to 21555 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of barrick gold corp abx inched 085 higher to c2598 tuesday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 052 to 2092821 the stocks rise snapped a twoday losing streak barrick gold corp closed c752 short of its 52week high c3350 which the company reached on march 8th trading volume of 28 m shares remained below its 50day average volume of 45 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

morgan stanley upgrades under armour to overweight forecasts stock can rebound over 25

shares of vornado realty trust vno advanced 154 to 2245 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 003 to 3374384 and the sp 500 index spx falling 002 to 401622 vornado realty trust closed 2481 short of its 52week high 4726 which the company achieved on march 11th the stock outperformed some of its competitors wednesday as jbg smith properties jbgs rose 068 to 1934 broadstone net lease inc bnl fell

shares of digital realty trust inc dlr inched 019 higher to 12865 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 202 to 408885 and the dow jones industrial average djia rising 134 to 3265459 digital realty trust inc closed 4957 below its 52week high 17822 which the company achieved on december 31st editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

first solar shares were lower monday after an analyst at jp morgan said recent rapid gains in the solarpanel maker’s stock should slow down coming into monday trading the stock ticker fslr had soared 97 in 2022 compared with a 16 loss for the sp 500

shares of sm energy rose to a twomonth high on wednesday after the company said production has been higher than expected in the current quarter the stock reached 3034 a level last seen on april 17 recently shares were up 84 to 3033 the stock has fallen about 13 this year the denverbased energy company said it had exceeded its guidance in the second quarter because of higher oil and natural gas volumes from south texas wells leading sm energy to raise its quarterly and fullyear forecasts for production sm energy also said it had underspent on capital expenditures due to beneficial cost deflation and reduced facilities expenditures and had repurchased 26 million shares

exchangetraded funds are wildly popular and the main reason why is taxes—they pay a lot less but a key senate democrat wants to change that and big money managers are fighting back senate finance committee chairman ron wyden dore is proposing to close what he describes as a loophole which lets etfs pay redeeming investors with securities instead of cash—what the 68 trillion etf market calls inkind transactions those transactions trigger fewer capitalgain taxes

shutdowns in china have hit nio hard but the electric vehicle maker is ready for a rebound which could come as soon as the next 15 days according to morgan stanley chinas covid lockdowns pummeled the electric automaker in recent months shutting down production suppressing vehicle sales and delaying the launch of new models however the government started relaxing restrictions in shanghai over the weekend two months after the city shut down as it faced one of its biggest covid19 outbreaks since the pandemic started this could lead to big gains in the near term for nio morgan stanley said with gradual reopening in the yangtze river delta region as well as the rmb10k subsidy provided by the shanghai government to consumers to replace old cars with electric cars we believe nio is well positioned to capitalize on such local stimulus programs and resume sales momentum in the upcoming months wrote analyst tim hsiao noting that shanghai accounted for more than 15 of the companys 2021 sales nio has fallen 477 since the start of 2022 but the analyst thinks the stock is likely to rebound the bank has a 34 price target and overweight rating on the stock meaning shares could potentially more than double from fridays close price cnbcs michael bloom contributed reporting

follow bloomberg reporters as they uncover some of the biggest financial crimes of the modern era this documentarystyle series follows investigative journalists as they uncover the truth

dec 3 welcome to the home for realtime coverage of markets brought to you by reuters reporters you can share your thoughts with us at marketsresearchthomsonreuterscom us equity index futures were pointing to a higher open on friday in the wake of a november payrolls report that showed employment increased far less than expected nonfarm payrolls increased by 210000 jobs last month the labor department said well below the 550000 estimate while the unemployment rate dropped to 42 the lowest since february 2020 from 46 in october read more futures initially jumped in the wake of the report possibly as some investors read the headline miss as a reason the federal reserve may delay its plans to begin tapering its bond buying program after chair jerome powell struck a more hawkish tone earlier this week the futures seemed to like it that top line number maybe people are thinking that although powell talked this week about the taper maybe this slows the pace or slows them starting it said jj kinahan chief market strategist at td ameritrade in chicago the rally here may be top line related but when you add that top line with the employment rate it is hard to square the circle so we’ll see if the buying momentum can last off of that below is your premarket snapshot for fridays live markets posts prior to 0830 est1330 gmt click here read more

although us stock futures traded higher this morning on thursday there were a few notable insider trades when insiders purchase shares it indicates their confidence in the companys prospects or that they view the stock as a bargain either way this signals an opportunity to go long on the stock insider purchases should not be taken as the only indicator for making an investment or trading decision at best it can lend conviction to a buying decision below is a look at a few recent notable insider purchases for more check out benzingas insider transactions platform the trade iheartmedia inc 10 owner michael tabor acquired a total of 2826612 shares at at an average price of 1738 to acquire these shares it cost around 4914 million what’s happening the company is scheduled to release quarterly results on may 5 2022 what iheartmedia does iheartmedia inc is a usbased diversified media and entertainment company it operates through the segments of the multiplatform group the digital audio group and the audio media services group the trade affirm holdings inc 10 owner jasmine ventures pte ltd acquired a total of 700000 shares at an average price of 3219 to acquire these shares it cost around 2254 million what’s happening the company’s shares dropped 32 over the past month what affirm holdings does affirm offers a platform for digital and mobilefirst commerce it comprises a pointofsale payment solution for consumers merchant commerce solutions and a consumerfocused app don’t forget to check out our premarket coverage here also check this 4 stocks under 2 insiders are aggressively buying the trade groupon inc shareholder pale fire capital se bought a total of 334845 shares at an average price of 1954 to acquire these shares it cost around 654 million what’s happening groupon last month reported worsethanexpected q4 eps and sales results and issued q1 sales guidance below estimates what groupon does groupon acts as the middleman between consumers and merchants offering a variety of products and services at discounts via its online store

washington nov 15 reuters us producer prices increased less than expected in october further evidence that inflation was starting to subside the producer price index for final demand rose 02 last month the labor department said on tuesday data for september was revised lower to show the ppi rebounding 02 instead of 04 as previously reported in the 12 months through september the ppi increased 80 after climbing 84 in september economists polled by reuters had forecast the ppi rising 04 and advancing 83 yearonyear government data last week showed consumer prices rose less than expected in october pushing the annual increase below 8 for the first time in eight months inflation is slowing as higher interest rates dampen demand and supply chains recover but with spending rotating back to laborintensive services and the jobs market still tight price pressures could remain elevated for a while the fed early this month delivered a fourth consecutive 75basispoint interest rate hike and said its fight to lower inflation to the us central banks 2 target would require borrowing costs to rise further it however signaled it may be nearing an inflection point in what has become the fastest rate hiking cycle since the 1980s excluding the volatile food energy and trade services components producer prices rose 02 in october the socalled core advanced 03 in september in the 12 months through october the core ppi rose 54 after increasing 56 in september

geico offers a discount of up to 5 for bundling your auto and motorcycle insurance coverage together that might not sound like the biggest discount but our team found geico’s auto insurance rates to be about 24 cheaper than the national average when you start with cheap rates any discount makes it better with geico motorcycle insurance and all companies on our list you can get all the standard coverage options including these geico also offers extras such as accessories coverage which can protect things like liberty mutual offers 13 car insurance discounts and advertises three motorcycle insurance discounts though more may be available depending on your situation while you can get a car insurance quote online you’ll have to call liberty mutual for an auto and motorcycle bundling quote liberty mutual’s motorcycle insurance policies come with new bike replacement but you can also upgrade to better bike replacement this gives you more than the cash value of your bike if it’s totaled in an accident and for auto insurance liberty mutual offers optional coverage like original parts replacement roadside assistance and rental car reimbursement nationwide is another reliable car insurance company that offers bundling discounts that apply to motorcycle insurance however you’ll need to get in touch with the company to see what you could save as far as coverage options go nationwide offers plenty for both auto and motorcycle insurance on the auto side accident forgiveness is a helpful upgrade that keeps your rate the same after your first minor violation or atfault accident and for motorcycle insurance nationwide offers custom equipment coverage up to 30000 to protect your bike’s aftermarket addons our last pick for the best auto and motorcycle insurance bundles is american family insurance this provider offers a good range of coverage options for both bikes and cars plus you can get a discount for bundling policies together american family can cover these types of bikes and more american family’s motorcycle coverage includes up to 1000 of safety apparel coverage this policy pays to replace important safety gear like your helmet and jacket after an accident and amfam’s comprehensive and collision insurance automatically cover up to 3000 worth of customized parts with higher limits available when to bundle auto and motorcycle insurance there are two main reasons to bundle auto and motorcycle insurance to save on insurance premiums and to consolidate insurance policies with one provider bundling discounts range from a few percent to 10 or more this can definitely help you save on how much motorcycle insurance costs depending on the company you may get a bigger discount on one policy than another or you may get the same discount on both with motorcycle insurance you have to shop around to see what discounts you can get from different companies the other advantage of bundling is that you only have to pay one company for both your auto and motorcycle policies you can see your premiums on a single bill and deal with the same company whenever you have a question or file a claim how to bundle auto and motorcycle insurance bundling your auto and motorcycle coverage is fairly easy you can compare quotes online or call companies to find the right coverage to find cheap motorcycle insurance we recommend comparing at least three quotes when you shop for coverage keep in mind that motorcycle insurance is more specialized than car insurance so you might have to call an insurance company to get a quote instead of using a simple online form consider the coverage you need once you have a few companies in mind compare the coverage options each one offers from touring bikes to choppers there are many types of motorcycles and even more types of motorcycle owners look for the right coverage for your situation and as we mentioned above avoid bundling if you can’t find the right coverage if you currently have separate coverage on a car and a motorcycle take care when you switch to a new insurance provider overlap coverage on both vehicles for at least a day to avoid a lapse in coverage if your car or bike goes without coverage for any length of time you may end up paying more for insurance policies in the future can i insure a car and a motorcycle on the same policy yes you can bundle car and motorcycle insurance together with many companies including geico progressive and nationwide most insurance companies offer discounts for bundling two or more types of coverage together is progressive or geico better for motorcycle insurance progressive and geico are both great options for motorcycle insurance but our team found geico has better customer reviews and is a bit more affordable on average however progressive offers slightly better coverage options like carried contents and oem parts coverage is it worth getting full coverage on a motorcycle it can be a good idea to get full coverage on your motorcycle if the value of your bike is over 5000 or if it has expensive parts you wouldn’t be able to replace yourself right away fullcoverage motorcycle insurance covers your bike if you cause an accident or if it’s damaged by a collision the environment or vandalism at what age does motorcycle insurance go down motorcycle insurance is most expensive for riders in their teens and early 20s prices decline for motorcycle riders throughout their 20s and level off in their 30s people who are between 30 and 55 years old pay the cheapest rates for insurance on average