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delta air lines stock looked set to move higher for a second day friday after being upgraded by cowen analysts the airline the first major carrier to report this earnings season missed third quarter estimates thursday but provided upbeat guidance for the final three months of the year on improving corporate travel demand

seoul jan 21 reuters south koreas exports for the first 20 days of january fell 27 from a year earlier but the pace of drop was slower than that recorded in december customs data showed on saturday in december south korean exports fell 90 onyear during the first 20 days and declined 96 for the full month as global demand cooled after a wave of aggressive policy tightening to contain inflation for the first 20 days of january exports to china fell 244 whereas shipments to the united states rose 181 the korea customs service data showed imports over jan 120 rose by 93 onyear bringing south koreas trade deficit to 1026 billion over the period for december the trade deficit was 469 billion south koreas government expects overseas sales in 2023 to fall 45 after a 61 gain in 2022 but the trade ministry has vowed to do all it can to achieve growth in exports

royal philips on monday raised its guidance for 2023 after reporting a rise in secondquarter group sales but analysts believe the guidance upgrade was somewhat conservative the dutch healthtechnology company was expected to report a beat and a guidance raise however the guidance raise to within consensus seems prudent given its secondquarter performance citi analysts veronika dubajova and giang h nguyen said in a note the company expects midsingledigit organic sales growth for the year compared with lowsingledigit growth previously this compares with consensus of 54 and citis estimate of 65 the analysts said royal philips also expects its adjusted ebitda margin to be at the upper end of prior guidance in the highsingledigit range compared with consensus at 96 and citis estimate of 105 we continue to see the updated guidance as conservative with some upgrades to consensus expectations as likely in spite of the fact that the updated guidance captures consensus the analysts said the company said its order book continued to grow on year but comparable order intake fell following a high order intake in the second quarter of 2022 sales in the second quarter rose to 447 billion euros 497 billion compared with eur418 billion for the same period last year adjusted earnings before interest taxes depreciation and amortization rose to eur681 million from eur461 million the year before mostly driven by increased sales royalty income and productivity measures but partly offset by cost inflation income from operations rose to eur221 million compared with eur11 million in the yearprior period the outlook excludes the impact of the ongoing discussion on a proposed consent decree beyond current assumptions as well as ongoing litigation and the investigation by the us department of justice related to the respironics field action it said shares at 0835 gmt were down eur142 or 68 at eur1941

shares of manulife financial corp mfc shed 049 to c2257 tuesday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 069 to 1897268 manulife financial corp closed c552 short of its 52week high c2809 which the company achieved on february 10th trading volume of 67 m shares remained below its 50day average volume of 96 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 paypal holdings inc pypl slid 004 to 7526 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 058 to 410060 and dow jones industrial average djia falling 059 to 3340238 this was the stocks second consecutive day of losses paypal holdings inc closed 4766 below its 52week high 12292 which the company achieved on april 5th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as apple inc aapl fell 032 to 16563 alphabet inc cl c goog rose 020 to 10512 and alphabet inc cl a googl rose 034 to 10472 trading volume 89 m remained 43 million below its 50day average volume of 131 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

automatic data processing inc adp said wednesday it was increasing its quarterly dividend by 202 to 125 a share from 104 a share the human resources outsourcing company new dividend will be payable jan 1 to shareholders of record on dec 9 based on tuesdays stock closing price of 24504 the new annual dividend rate of 500 a share implies a dividend yield of 204 which compares with the implied yield for the sp 500 spx of 175 adps stock which is still inactive in premarket trading has slipped 06 year to date while the sp 500 has shed 197

gary gensler is presidentelect joe biden’s likely pick to lead the securities and exchange commission according to two people familiar with the matter a move that would put a former regulator who is known for sparring with financial executives atop wall street’s main overseer gensler 63 ran the commodity futures trading commission during the obama administration a post where he was the driving force behind the government’s new oversight regime of the massive overthecounter swaps market the role put him in frequent combat with banks which resisted his push to bring transparency and guardrails to a corner of finance that helped ignite the 2008 credit crunch

shares of union pacific corp unp slid 070 to 21341 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 024 to 435065 and dow jones industrial average djia falling 034 to 3437834 this was the stocks second consecutive day of losses union pacific corp closed 1785 below its 52week high 23126 which the company reached on may 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as canadian national railway co cni fell 021 to 11615 csx corp csx fell 114 to 3213 and norfolk southern corp nsc fell 127 to 26107 trading volume 20 m remained 11 million below its 50day average volume of 31 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 lamb weston holdings inc climbed 11 to an alltime high of 9684 in early trading thursday after the company raised its sales and earnings outlook for the fiscal year the idaho potatoproducts company said before the market open on thursday that it now expects to post a profit of between 580 million and 620 million for fiscal 2023 up from its prior forecast of between 485 million and 535 million adjusted earnings which strip out onetime items are now expected to be between 375 and 4 a share for the year compared with previous guidance of between 245 and 285 a share lamb weston is also projecting net sales to be between 48 billion and 49 billion after previously forecasting between 47 billion and 48 billion in net sales the guidance revisions come after the companys profit and sales soared and adjusted earnings swept past analyst expectations in the fiscal second quarter which ended nov 27 shares which started trading in the fall of 2016 are up more than 52 over the past 12 months

shares of nov inc nov advanced 438 to 1835 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 022 to 412873 and dow jones industrial average djia falling 047 to 3290959 nov inc closed 571 below its 52week high 2406 which the company achieved on march 8th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as schlumberger ltd slb rose 661 to 3936 baker hughes co bkr rose 328 to 2610 and drilquip inc drq rose 134 to 2424 trading volume 32 m remained 885422 below its 50day average volume of 41 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 fortis inc fts dropped 022 to c5543 wednesday in what proved to be an allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 153 to 2021821 fortis inc closed c657 below its 52week high c6200 which the company achieved on may 11th trading volume of 19 m shares eclipsed its 50day average volume of 14 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

with a recession now upon us you can bet there’ll be a massive increase in late and unpaid invoices whether you’re a consultant digital agency owner home contractor event planner or a freelancer working in the gig economy if you run a service based business you’re probably dealing with late payments and unpaid invoices already or statistically you will be at some point the numbers are staggering on average each small business has 84000 in unpaid invoices shinar a recently published report discovered late paying customers owe 50000 or more to nearly 60 of freelance workers pickard in a 2019 survey of 503 home contractors 74 didn’t receive payment on a project and had to file a mechanics lien within the last year wolfe lance kohl owner of psp compass solutions a marketing agency in denver colorado says that “1 out of 10 invoices i send out don’t get paid we’re constantly spending a great deal of our time chasing after customers to get paid the longer an invoice goes unpaid the less likely it is that we will receive payment at all” lexi dudley and her father joel dudley owners of jl roofing and contracting in canon city colorado revealed that in 2020 alone they were stiffed on over 30 roof replacements totalling over 150k in revenue not received “we spent months trying to get the homeowners to pay us and in the end we had to spend even more time and money with the courts placing liens on all those homes” said the dudley’s what makes these numbers even more worrisome is that half of small businesses survive on a monthtomonth basis the average small business retains less than a month of cash reserves farrell and wheat in fact 25 of small businesses operate with only 13 days of cash reserves freelancers typically are at an even greater risk a recent survey found that 59 of freelancers in the us work paycheck to paycheck boskamp with so many service business owners and gig workers living on the edge already it’s easy to see why 82 fail because of poor cash flow management shinar as the recession continues these problems will be exacerbated unfortunately late and unpaid invoices reduce a business’ cash flow forcing business owners to reduce future investments in their business delay hiring new employees and cut staff hours so what solutions are out there for massive cash flow problems that already exist and how can you protect your business during this recession there are a myriad of invoicing and payment platforms out there like xero and quickbooks many of them offer automated email systems that will automatically email customers reminding them when their bill due date is approaching and past due take the time to make sure these features are active in recent years companies like fundbox launched invoice financing services to small businesses needing to smooth cash flow when invoice payments are late typically a small business can finance up to 90 of an invoice so they may pay their staff and bills unfortunately as with any loan interest will accumulate for instance fundbox fees are 466 for 12 week terms and 899 for 24 week terms many seasoned service business owners and gig workers are wise to require payment of at least 50 of a project’s cost upfront this strategy will protect you in the short term and make it more likely you’ll get paid infull ultimately since the customer has already committed in a recession monthtomonth cash flow will become even more unpredictable so it’s important to gain commitments from customers ahead of time booking out partially or fully committed customers weeks or months in advance will help you manage your cash flow more efficiently lawyers commonly use retainers and advances to protect their cash flow why should your business or gig work be any different on a recent visit to rural cañon city colorado i discovered a company that can help trustio just like most invoicing platforms trustio allows you to invoice and receive payments from your customers at any point using direct payments however what makes this platform awesome is trustio’s protected payment feature with protected payments your customer pays for their project upfront those funds then get placed in an escrowlike account where they’re safely held between parties once tasks within the project are complete the payment is released immediately and sent directly to the service provider’s bank account the protected payment option allows a contractor to build a pipeline of committed customers by providing safety to the customer and eliminating your risk of being paid late or not at all best of all trustio doesn’t charge your business for payment processing your client simply pays a 1 processing fee for either direct or protected payments trustio cofounder and ceo brock predovich is no stranger to the pain of delayed and unpaid invoices having founded several service based businesses predovich has felt firsthand the harmful effects that late and unpaid invoices can have on cash flow “success for any service business or gig worker is about managing cashflow managing cashflow ultimately comes down to trust” remarked predovich “you need to find good customers that you can trust will pay you on time for your hard work to find good customers they need to trust you too they need to know their money is safe and the job gets done with the recession in full swing its more important than ever to reevaluate the systems you use to manage your cash flow and make sure you get paid late and unpaid invoices are estimated to be a 825b problem in the us alone shinar if the economy continues as it has been things could get a lot worse for contractors and small business owners implementing the five strategies above won’t guarantee your success but can at least help you take steps to protect your business during the recession not implementing them could lead to your next fulltime return to corporate america

pound and us dollar banknotes are seen in this illustration taken january 6 2020 reutersdado ruvicillustrationfile photo new york jan 3 reuters the dollar eased against most major currencies on thursday as support from the federal reserves hawkish messaging subsided a day before hotly anticipated us jobs data even as pessimism about a protracted recession ebbed the bank of england on thursday raised interest rates by the most since 1995 but the british pound weakened as the central bank warned that a long recession was on its way with inflation seeing toping 13 read more the dollar index fell 0338 at 106110 with the euro up 035 to 102 it slightly extended early slippage on data showing of the number of americans filing new claims for unemployment benefits increased last week while the us trade deficit narrowed sharply in june as exports surged to a record high a trend that could see trade continuing to contribute to gross domestic product in the third quarter the japanese yen strengthened 040 versus the greenback at 13332 per dollar while sterling was last trading at 12116 down 022 on the day there is a mentality now across markets that we know what’s coming in terms of monetary tightening said juan perez director of trading at monex usa in washington investors are taking a view that whatever downturn were facing in the next few months will be shortlived investors will get a key snapshot of how the us economy is faring on friday when the labor department reports employment data for july signs that the us job market continues to be robust will likely bolster expectations for more monetary policy tightening from the fed fed officials have continued to push back against the perception that us interest rates were close to peaking san francisco fed president mary daly and minneapolis fed president neel kashkari voiced their determination overnight to rein in high inflation read more but the impact of fed rhetoric on the dollar appeared to be fading yesterday we had some hawkish comments but maybe thats not enough and investors will be looking for confirmation from data especially tomorrows payrolls number said ing currency strategist francesco pesole referring to us jobs data the effect on the dollar is fading today risk sentiment is also more upbeat and it doesnt look like markets are too worried about the taiwan situation a visit by us house of representatives speaker nancy pelosi to the selfruled island led to increased tensions between washington and beijing which regards taiwan as its sovereign territory read more the dollars strength has yet to peak a reuters poll released on thursday showed of those polled 70 thought the dollar had some room to rise further in this cycle even after its index hit its highest level in two decades in july read more money markets price in a 50 basispoint hike at the feds september meeting and a roughly 44 chance of another massive 75 bps increase the fed hiked rates by 75 basis points at its meeting in june and july fedwatch britains pound fell after the boe meeting and was last down almost 05 at 12090 no surprise in the headline decision to hike the interest rate by a 050 increment said sam cooper vice president market risk solutions at silicon valley bank however the bleak outlook for gdp and rising inflation forecasts included in the meeting minutes have dampened market confidence and this has translated into a weaker sterling

it was a strong week for all three major stock indices with the market bolstered friday by strong jobs data and a deal in washington to raise the us debt ceiling nonfarm payrolls grew by 339000 last month the us labor department reported friday allaying investor concerns the economy is spiraling towards a recession meanwhile congress passed a bipartisan bill to raise the us debt ceiling and avoid a catastrophic default at the start of this month president biden is set to sign the legislation into law as early as friday investors also focused on a final slate of firstquarter earnings reports this week ninetyninepercent of the s p 500 has now reported quarterly results for the season threequarters of which beat on revenue expectations and 79 of which beat on earningspershare the s p 500 the nasdaq and the dow jones industrial average all finished the week roughly 2 higher while fridays rally broadened out beyond just the usual tech stocks the nasdaq ended friday at its highest level since april 2022 looking ahead the organization of petroleum exporting countries and its oilproducing allies collectively known as opec are set to convene this sunday in vienna to determine their next coordinated move on production the meeting comes as oil prices have come under pressure in recent weeks amid fresh fears of a slowdown in the global economy and weakerthananticipated demand from china monday will offer additional insight into the state of the us economy with monthly factoryorder numbers along with data on the manufacturing and services sectors also on monday club holding apple aapl is expected to unveil its highly anticipated mixedreality headset the companys first new major product line since 2014 even though the financials of the product wont prove meaningful in the near term investor expectations are still heightened apple stock is trading near alltime highs at around 180 a share going into the event given the iphone maker is the largest component of the s p 500 any developments could certainly be marketmoving well be looking to better understand apples longerterm vision for the device particularly around use cases and target audiences from there we can gain a better sense of the opportunity and how it will fit into the apple devicesandservices ecosystem the most important part of our investment thesis all club holdings have now reported earnings and weve compiled a rundown of how we rank each quarterly report this is the key data to look out for in the week ahead monday june 5 915 am et markit pmi 10 am et factory orders 10 am et ism services pmi before the bell science applications saic after the bell joann joan tuesday june 6 before the bell ferguson ferg thor industries tho jm smucker sjm abm industries abm core main cnm academy sports aso ciena corp cien cracker barrel cbrl after the bell caseys general store casy stitch fix sfix dave busters play wednesday june 7 before the bell united natural foods unfi campbell soup cpb ollies bargain outlet olli after the bell greif gef gamestop gme tripcom tcom thursday june 8 830 am et weekly jobless claims 10 am et wholesale inventories before the bell signet jewelers sig toro company ttc designer brands dbi rev group revg after the bell vail resorts mtn docusign docu friday june 9 before the bell nio nio looking back the past week was full of important macroeconomic updates including a positive job openings and labor turnover report on wednesday and a very strong adp employment report on thursday at the same time initial jobless claims for the week ended may 27 increased by 2000 to 232000 slightly below the 235000 expected we also got an update on the state of the manufacturing industry with the ism manufacturing report pointing to a continued contraction in may though the headline print of the nonfarm payrolls report friday was much hotter than expected there was actually an uptick in the unemployment rate and easing of wage inflation those are two important metrics that are moving slowly in the direction the federal reserve wants to see in order to be able to let up on interestrate hikes as of fridays settle the us dollar index held at around the 104 level gold advanced to around 1970 per ounce west texas intermediate crude prices are hovering in the low70sperbarrel region the yield on the 10year treasury pulled back to around 37 see here for a full list of the stocks in jim cramers charitable trust as a subscriber to the cnbc investing club with jim cramer you will receive a trade alert before jim makes a trade jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trusts portfolio if jim has talked about a stock on cnbc tv he waits 72 hours after issuing the trade alert before executing the trade the above investing club information is subject to our terms and conditions and privacy policy together with our disclaimer no fiduciary obligation or duty exists or is created by virtue of your receipt of any information provided in connection with the investing club no specific outcome or profit is guaranteed

shares of sealed air corp see shed 043 to 4208 tuesday on what proved to be an allaround grim 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 this was the stocks second consecutive day of losses sealed air corp closed 2199 short of its 52week high 6407 which the company achieved on june 7th trading volume 641315 remained 533677 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 quest diagnostics inc dgx inched 018 higher to 14755 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 020 to 399097 and dow jones industrial average djia falling 114 to 3391085 this was the stocks third consecutive day of losses quest diagnostics inc closed 1079 below its 52week high 15834 which the company achieved on december 29th the stock outperformed some of its competitors tuesday as unitedhealth group inc unh fell 092 to 48508 iqvia holdings inc iqv fell 027 to 22154 and centene corp cnc fell 039 to 7674 trading volume 13 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

bitcoin btcusd traded lower with the cryptocurrency prices falling below the key 28000 level on thursday ethereum ethusd also moved lower trading below the 1800 mark this morning the federal reserve increased interest rates by a quarter of a percentage point to 4755 at its march fomc meeting during the press conference fed chair jerome powell said the fomc considered a pause at this meeting but the hike was supported by a strong consensus litecoin ltcusd was the top gainer over the prior 24 hours while conflux cfxusd turned out to be the biggest loser at the time of writing the global crypto market cap fell to 116 trillion recording a 24hour decline of 17 btc was trading lower by 23 at 27624 while eth fell by around 25 to 1757 on thursday here are the top ten crypto gainers and losers over the past 24 hours read this next disney coinbase global and 2 other stocks insiders are selling

shares of walt disney co dis shed 100 to 17511 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 035 to 468525 and dow jones industrial average djia falling 031 to 3631998 the stocks fall snapped a fourday winning streak walt disney co closed 2791 short of its 52week high 20302 which the company reached on march 8th the stock underperformed when compared to some of its competitors tuesday as comcast corp cl a cmcsa rose 049 to 5375 trading volume 72 m remained 14 million below its 50day average volume of 86 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 aes corp aes rose 201 to 2491 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 071 to 3516079 and the sp 500 index spx falling 006 to 445945 this was the stocks second consecutive day of gains aes corp closed 395 short of its 52week high 2886 which the company reached on april 22nd the stock outperformed some of its competitors wednesday as dominion energy inc d rose 002 to 8699 duke energy corp duk rose 084 to 11543 and american electric power co inc aep rose 039 to 10283 trading volume 75 m eclipsed its 50day average volume of 61 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

it’s been a terrible year for financial markets and perhaps even more so when you weigh 2022 against more than two centuries of data global bonds are now in their first bear market in 76 years after having dropped 20 from their peaks according to deutsche bank research dating back to 1786 the last time global bonds fared so poorly was in 1946 the year that the first session of the united nations was held in london after the end of world war ii read a historic global bondmarket crash threatens liquidation of the world’s most crowded trades says bofa driving much of the brutal selloff in global bonds which has sent yields soaring across developed markets is expectations for much higher interest rates as central banks try to combat the highest inflation spell in 40 years as financialmarket players rush to factor in much higher rates they’ve aggressively sold off government bonds pushing yields to multiyear highs particularly in the us global government bonds have seen a decade’s worth of positive nominal returns wiped out so far based on a rolling 10year return basis “by the end of september 2022 this may be the worst rolling 10year period for us bonds in history” deutsche bank researchers said “what makes this current period even worse historically is that we are now seeing deep losses in nominal terms which for many countries has never previously happened over a sustained period outside of wars or defaults” said deutsche bank researchers jim reid henry allen luke templeman and adrian cox on monday investors and traders continued to sell off treasurys lifting the policysensitive 2year yield tmubmusd02y further above its highest levels of almost 15 years meanwhile the rate on 2year gilts tmbmkgb02y the uk counterpart to treasurys soared above 45 as bank of england gov andrew bailey said policy makers will not “hesitate to change interest rates as necessary” to bring inflation down to 2

an interior view shows the headquarters of moscow exchange in moscow russia april 27 2021 reutersmaxim shemetov march 21 reuters the moscow exchange will again open for trading in ofz government bonds on tuesday after the trade resumed on monday but the stock market will remain closed russias central bank said short selling of ofz bonds will remain unavailable it said stocks last traded on the moscow exchange on feb 25 the central bank then curbed trading as western sanctions over events in ukraine threw markets into turmoil read more

shares of capital one financial corp cof advanced 565 to 12041 tuesday on what proved to be an allaround positive 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 capital one financial corp closed 5754 below its 52week high 17795 which the company reached on august 13th the stock outperformed some of its competitors tuesday as discover financial services dfs rose 481 to 10795 standard chartered plc scbff rose 290 to 744 and bankunited inc bku rose 518 to 4023 trading volume 29 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 bank of new york mellon corp bk slipped 076 to 4434 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 the stocks fall snapped a threeday winning streak bank of new york mellon corp closed 2029 short of its 52week high 6463 which the company reached on february 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as jpmorgan chase co jpm rose 141 to 12636 citigroup inc c fell 017 to 5268 and wells fargo co wfc fell 121 to 4329 trading volume 45 m remained 11 million below its 50day average volume of 55 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 salesforce inc crm rose 345 to 14459 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 096 to 380680 and the dow jones industrial average djia rising 131 to 3282700 the stocks rise snapped a fiveday losing streak salesforce inc closed 16716 below its 52week high 31175 which the company achieved on november 9th the stock demonstrated a mixed performance when compared to some of its competitors monday as microsoft corp msft rose 293 to 22787 adobe inc adbe rose 483 to 29954 and sap se adr sap rose 161 to 9757 trading volume 72 m remained 30746 below 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

shares of microchip technology inc mchp rose 209 to 8433 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 114 to 413729 and the dow jones industrial average djia rising 111 to 3424593 microchip technology inc closed 343 below its 52week high 8776 which the company achieved on february 3rd trading volume 44 m remained 268207 below its 50day average volume of 47 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

brazilians are struggling to pay their debts on time with four out every ten adults facing default as central bankers keep monetary policy tight in an effort to bring inflation back to their target overdue debts grew 1842 in april from a year ago according to data from the national confederation of shopkeepers reported by news site poder360 the number of brazilians facing default also grew around 8 with most battling debts with local banks the confederation said household debt in brazil has lingered around alltime highs for months according to data from the central bank policymakers led by roberto campos neto have pinned the benchmark selic rate at 1375 after a dozen rapidfire hikes trying to ease price pressures nine months into the strategy headline inflation slid to around 4 by midmay from last year’s peak of 12 read more lula lashes out and sends warning to central bankers everywhere indebtedness is also growing among the elderly default rates among brazilians above 60 years old grew almost 35 in april from the same period in 2019 according to data by corporatedata analysis firm serasa experian published by newspaper estado de sao paulo in comparison overdue debts among brazilians from all ages grew around 13 on average high costs of borrowing are also hurting businesses that struggle to finance loans amid rising corporate bankruptcies signs of a credit squeeze have emerged with costlier local debt markets and new issuance in both domestic and international capital markets plunging traders are increasing their bets for an easing cycle beginning in august after central bank chief campos neto said there are “positive signs ahead” on the inflation outlook global activity is cooling off with falling commodity and energy prices he said on top of that core measures stripping out energy and food prices “came in better” than expected in midmay still analysts see consumer price increases picking up again by december and above the monetary authority’s 3 goal all through 2025 most bet the benchmark rate won’t fall below 10 until 2025

shares of mosaic co mos rose 115 to 5375 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 075 to 387198 and dow jones industrial average djia falling 039 to 3273295 mosaic co closed 2553 below its 52week high 7928 which the company reached on april 18th the stock demonstrated a mixed performance when compared to some of its competitors monday as intrepid potash inc ipi fell 002 to 4525 cf industries holdings inc cf rose 055 to 10626 and bunge ltd bg rose 200 to 9870 trading volume 40 m remained 913887 below its 50day average volume of 49 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 citigroup inc c sank 099 to 5003 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 043 to 450021 and the dow jones industrial average djia rising 025 to 3458357 this was the stocks third consecutive day of losses citigroup inc closed 3026 short of its 52week high 8029 which the company reached on june 2nd the stock underperformed when compared to some of its competitors thursday as jpmorgan chase co jpm fell 030 to 13109 bank of america corp bac fell 078 to 3939 and wells fargo co wfc fell 031 to 4774 trading volume 286 m eclipsed its 50day average volume of 284 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 lowes cos low rallied 204 to 20884 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 087 to 399173 and the dow jones industrial average djia rising 017 to 3359292 lowes cos closed 5447 below its 52week high 26331 which the company reached on december 13th the stock outperformed some of its competitors tuesday as home depot inc hd rose 163 to 31193 and kingfisher plc adr kgfhy fell 069 to 576 trading volume 51 m eclipsed 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

sixtytwo exchangetraded funds etfs with a total aum of approximately 7 trillion have ceased activity thus far in 2023 amidst increased market volatility and uncertainty regarding fed rate hikes bloomberg reported on monday april 17 the rate of failures in the first four and a half months of the year has been more than double that of the same time in 2022 when just 26 had ceased by midapril nate geraci president of the etf store an advisory firm stated a number of the closed etfs were victims of poor market timing as they were launched toward the tail end of the postcovid19 pandemic rally the nftfocused defiance digital revolution etf nftz the generation z etf zgen axs despac etf dspc and the thematic fear of missing out fund axs fomo etf fomo are among the funds being phased out two crypto and bitcoin mining etfs the volt crypto industry revolution and tech etf btcr and the viridi bitcoin miners etf rigz have also vanished read also vaneck gold miners etf gdx skyrockets to 11month highs a stunning 25 ytd surge as precious metals dazzle top five etf by inflows in 2023 the top 10 etfs by inflows in 2023 according to etfdbcom include three equityrelated etfs and two treasury etfs investors have thus far favored a defensive approach by investing in etfs that monitor highquality equities low volatility the broad equity market and mediumtolong duration treasury the ishares msci usa quality factor etf qual had the biggest net inflows in 2023 with 82 billion as of midapril blackrock inc blk manages the fund which tracks an index that selects large and midcap us companies based on quality metrics such as stable earnings growth and low debttoequity the jpmorgan equity premium income etf jepi had the secondbiggest net flows in 2023 with 64 billion as of midapril jepi is an actively managed fund that seeks returns by selling options on us largecap stocks by choosing companies characterized by lowvolatility and value metrics the vanguard 500 index fund etf voo which tracks the sp 500 index is third yeartodate by inflows the ishares 20 year treasury bond etf tlt had the biggest inflows among bond etfs and ranked fourth in the overall ranking the fund invests in us treasury securities with more than 20 years of remaining maturity

shares of marathon oil corp mro shed 116 to 2291 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 115 to 392105 and dow jones industrial average djia falling 071 to 3176154 marathon oil corp closed 1033 short of its 52week high 3324 which the company reached on may 31st the stock underperformed when compared to some of its competitors tuesday as exxon mobil corp xom fell 039 to 8963 and chevron corp cvx fell 078 to 14732 trading volume 116 m remained 91 million below its 50day average volume of 206 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

jerusalem feb 20 reuters the bank of israel on monday raised its benchmark interest rate ilinreci by another half a percentage point the eighth straight meeting it has increased rates to try to rein in inflation that remains above 5 the central bank lifted its key rate to 425 its highest level since late 2008 from 375 in april policymakers began raising the rate from 01 and have been aggressive during a frontloading process but most analysts believe the tightening cycle is close to over despite the rate hikes israels annual inflation rate rose to a 14year high of 54 in january from 53 in december well above the governments 13 annual target range and fuelling public anger at spiking living costs at the same time israels economy grew a faster than expected 65 in 2022 although growth is expected to slow to below 3 this year amid the steep rate hikes a reuters poll had found that nine of 15 economists had expected a 25 basis points move while six others foresaw a 50 basis point hike

shares of molson coors beverage co cl b tap slid 153 to 4376 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 047 to 456648 and the dow jones industrial average djia rising 018 to 3574115 this was the stocks third consecutive day of losses molson coors beverage co cl b closed 1772 below its 52week high 6148 which the company achieved on june 10th the stock demonstrated a mixed performance when compared to some of its competitors monday as anheuserbusch inbev sa adr bud rose 009 to 5626 constellation brands inc cl b stzb rose 094 to 21703 and kirin holdings co ltd adr knbwy fell 158 to 1742 trading volume 19 m eclipsed its 50day average volume of 14 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

bm european value retail sa bme shares inched down 018 to £563 friday on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 023 to 766373 bm european value retail sa closed 2920 pence short of its 52week high £593 which the company achieved on june 28 trading volume 16 m remained 32 million below its 50day average volume of 48 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

cowen inc cown rose 58 on friday after the investment bank and brokerage company said its firstquarter net income fell to 333 million or 105 a share from 1458 million or 434 a share in the yearago quarter adjusted profit totaled 135 a share in the latest quarter firstquarter revenue dropped to 3641 million from 6899 million the company surpassed the analysts forecast of 81 cents a share in profit and revenue of 319 million according to a survey by factset we are confident that the strategic decisions and focused investments we have made over the last several years will enable us to continue generating consistent profitability throughout the economic cycle ceo jeffrey m solomon said shares of cowen are now down 334 in 2022 compared to a drop of 184 by the nasdaq comp and a dip of 143 by the kbw bank index bkx

shares of loblaw cos ltd l slid 110 to c9204 tuesday in what proved to be an otherwise allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 048 to 2108699 the stocks fall snapped a twoday winning streak loblaw cos ltd closed c135 short of its 52week high c9339 which the company reached on october 18th trading volume of 346168 shares remained below its 50day average volume of 539385 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 ametek inc ame dropped 012 to 14009 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 000 to 468280 and dow jones industrial average djia falling 004 to 3608745 ametek inc closed 313 below its 52week high 14322 which the company reached on november 5th despite its losses the stock outperformed some of its competitors monday as danaher corp dhr fell 154 to 29968 general electric co ge fell 086 to 10667 and roper technologies inc rop fell 043 to 48563true trading volume 700314 remained 373947 below 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

shares in chinese food delivery firm meituan 3690 slipped almost 7 on thursday after the financial times reported that partial owner tencent could sell some of its 24 billion stake in the company meituan’s hong konglisted stock fell 67 in afternoon trading following the report while tencent’s shares declines almost 1 the ft report said chinese internet multiconglomerate tencent 700 tcehy is looking to sell around 100 billion yuan 145 billion of its 88 billion listed equity portfolio the ft which cited two unnamed sources familiar with the matter said partial disposals in meituan could be on the cards as it could help ease pressure from antimonopoly regulators tencent has previously refuted reports of selling either all of part of its stake earlier last month since late 2020 tech industry leaders like tencent and alibaba group holding 9988 baba have come under antitrust scrutiny from regulators in beijing which have cracked down on the two companies’ influence over much of the chinese internet sector another ft source claimed investors have been pressuring tencent to divest from underperforming assets in january tencent sold over 3 billion of shares in singaporean firm sea se and last year it divested 164 billion in ecommerce giant jdcom jd via dividends tencent said in a statement to the ft that the 100 billion number referred to its sustainable development initiative not a divestment figure “we have repeatedly made clear publicly that our rmb 100 billion commitment towards our sustainable development initiative is a multiyear initiative that is separate from our investment decisions” they said “we don’t have any target amounts for divestments we have always invested with the goal of generating strong returns for our company and shareholders not according to any arbitrary timeline or target nor have we received any external pressure regarding our investment portfolio” they added

shares of universal health services inc cl b uhs inched 042 higher to 14975 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 052 to 436569 and dow jones industrial average djia falling 030 to 3395152 this was the stocks sixth consecutive day of gains universal health services inc cl b closed 490 short of its 52week high 15465 which the company reached on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors wednesday as select medical holdings corp sem rose 164 to 3030 community health systems inc cyh fell 192 to 408 and pediatrix medical group inc md rose 058 to 1392 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

you think that the market has very much a sort of glass half full attitude towards what to expect in 2023 and youd think some of the optimism is misplaced yeah look i think theres a as i call it an impossible trifecta in markets that i think that generally equity markets are rallying on the idea that theres going to be such a slowdown in inflation in the economy the fed will cut rates aggressively remember if inflation just came down towards target thered be no reason for the fed to cut rates so this idea of the fed cutting rates aggressively later on this year not just pausing not just not hike is what they promise but actually cutting is based on the idea that youre going to have a very sharp slowdown so its the yields are trading the idea has made a very sharp slowdown and yet in the flip side weve got this idea that equities are staying big because hey weve got this immaculate disinflation this goldilocks scenario and the economy wont slow too much to to kind of weigh on stocks i dont think that works and i think that ultimately the pressure is more likely to be stocks i think that if the fed remains committed to fighting inflation as i believe and doesnt cut it quickly then we will get a painful recession and that will be very painful for stocks it is certainly not priced in earnings nor in multiples on the flip side there is this idea that the economy stays very resilient the consumer has been very strong and that might continue to the case if that is the case then the fed wont be cutting rates so itll in fact be yields that will go higher and that might make it a tougher environment for stocks to not saying stocks yet terribly in that scenario but it just means its not this wonderful happy scenario were trading at the moment ok i suppose it doesnt depend then how why do you see that that said that narrow landing strip as being that thats a goldilocks scenario that gap between these two extremes that you point out if you see that middle ground as as in any way visible then maybe you have higher expectations for stocks this year but you clearly dont i think thats like a reasonable scenario so well talk about it i just dont think that people are really thinking about it theyve not thought through the idea of like ok so why are the fed going to be cutting rates aggressively unless you think cpi is way below target and disinflation lets imagine some very optimistic world where inflation numbers continue to come down rapidly remember weve were still seeing wage inflation theyre all very happy about more than double target lets assume it starts coming down towards target lets assume inflation is on a wonderful 3 percent handle by the summer it is still 50 percent above the feds target so thered be no reason for the fed to cut unless theres a severe economic slowdown theyre worried about and theyre worried about a real deflationary problem afterwards so youre not going to get fed cuts just on slower inflation youre only going to get fed cuts aggressive fed cuts if theyre worried about the economy and with that in mind whats at stake when we wait for your own panel to speak late weve had from day impulse taken and continue to tread that sort of hawkish line the general consensus most economists out there is that powell will avoid saying anything about rates markets in the us he might push back on the idea of the loosening of financial conditions theres a slight risk of hawkishness there and maybe if he doesnt deliver that people will be very happy i think however that more of the rhetoric the aggressive hawkish rhetoric is likely to come from the ecb over the next couple of weeks they have made very clear theyve got to look to the short term numbers and i think thats the message theyre going to stick to in the weeks ahead yeah christine lagarde certainly starting the year with those kind of messages thanks mark its also found remember you can get all the up to date analysis and insight into whats going on in markets the markets like blog is available on the terminal emily chang eco is the functions use

shares of las vegas sands corp lvs shed 085 to 3516 wednesday on what proved to be an allaround grim 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 las vegas sands corp closed 2443 short of its 52week high 5959 which the company reached on june 2nd the stock demonstrated a mixed performance when compared to some of its competitors wednesday as sands china ltd adr schyy fell 193 to 1879 mgm resorts international mgm fell 223 to 3419 and wynn macau ltd adr wynmy fell 035 to 575 trading volume 61 m remained 175999 below its 50day average volume of 62 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 sherwinwilliams co shw rallied 243 to 22763 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 119 to 415877 and the dow jones industrial average djia rising 124 to 3342077 sherwinwilliams co closed 5068 short of its 52week high 27831 which the company achieved on june 7th the stock underperformed when compared to some of its competitors wednesday as home depot inc hd rose 356 to 29239 lowes cos low rose 401 to 20720 and target corp tgt rose 258 to 16096 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

the biontech se adr bntx shed 158 to 27432 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 018 to 461367 and the dow jones industrial average djia rising 026 to 3591384 this was the adrs second consecutive day of losses biontech se adr closed 18968 short of its 52week high 46400 which the company achieved on august 10th the adr underperformed when compared to some of its competitors monday as abbvie inc abbv rose 012 to 11481 and amgen inc amgn rose 136 to 20979 trading volume 18 m remained 11 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

shares of national bank of canada na slid 014 to c10142 monday in what proved to be an otherwise allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 021 to 2058515 national bank of canada closed c341 below its 52week high c10483 which the company achieved on march 1st trading volume of 578133 shares remained below its 50day average volume of 21 m

shares of alexandria real estate equities inc are dropped 098 to 13537 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 038 to 373548 and dow jones industrial average djia falling 050 to 3036483 this was the stocks fifth consecutive day of losses alexandria real estate equities inc closed 8958 short of its 52week high 22495 which the company reached on december 31st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as vornado realty trust vno fell 096 to 2896 physicians realty trust doc fell 161 to 1655 and retail opportunity investment corp roic fell 096 to 1544 trading volume 21 m eclipsed its 50day average volume of 954136 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

the dow jones industrial average is declining monday morning with shares of walt disney and amgen inc delivering the stiffest headwinds for the index shares of walt disney dis and amgen inc amgn are contributing to the bluechip gauges intraday decline as the dow djia was most recently trading 132 points 04 lower walt disneys shares have declined 478 or 27 while those of amgen inc have dropped 431 21 combining for an approximately 60point drag on the dow walgreens boots wba procter gamble pg and dow inc dow are also contributing significantly to the decline a 1 move in any one of the 30 components of the dow equates to a 658point 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

shares of restaurant brands international inc qsr slid 060 to c9114 wednesday in what proved to be an allaround down trading session for the canadian market with the sptsx composite index gsptse falling 029 to 2019333 restaurant brands international inc closed c151 short of its 52week high c9265 which the company reached on december 13th trading volume of 828100 shares remained below its 50day average volume of 839030 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

franconevada was the largest company by market cap to set a new 52week low addex therapeutics was the smallest in terms of market cap to set a new 52week low high tide s stock fell the most as it traded down 2277 to reach a new 52week low vistagen therapeutics s stock showed potential to rebound rebounding up 005 after reaching a new 52week low stocks that set new 52week lows on tuesday are as follows franconevada stock hit 12289 on tuesday morning setting a new 52week low for a change of down 158 hasbro stock set a new 52week low of 7715 on tuesday moving up 191 mondaycom shares made a new 52week low of 8575 on tuesday the stock was down 172 for the day workiva stock hit a yearly low of 5943 the stock was up 073 for the day innovative ind props shares fell to 8842 on tuesday setting a new 52week low with a shift of down 191 pagaya technologies stock hit 242 on tuesday morning setting a new 52week low for a change of up 474 gorilla technology gr stock achieved a new 52week low on tuesday morning hitting 1607 and moving down 1606 trimas shares hit a yearly low of 2385 the stock was up 321 on the session sumo logic stock set a new 52week low of 673 on tuesday moving up 065 ivanhoe electric shares hit a yearly low of 762 the stock was up 007 on the session ati physical therapy shares made a new 52week low of 120 on tuesday the stock was up 148 for the day digimarc shares reached a new 52week low of 1303 on tuesday morning moving up 222 swvl hldgs stock hit a new 52week low of 178 the stock was down 1153 on the session inventiva stock hit 500 on tuesday morning setting a new 52week low for a change of down 642 vistagen therapeutics stock hit a new 52week low of 077 the stock was up 005 on the session cf financial stock hit a new 52week low of 4366 the stock was up 098 on the session meihua international stock dropped to a yearly low on tuesday of 503 shares traded up 02 standard biotools stock hit a new 52week low of 146 the stock was up 068 on the session american outdoor brands stock drifted up 036 on tuesday morning to hit a new 52week low of 800 high tide shares hit a yearly low of 162 the stock was down 2277 on the session china index holdings shares were down 051 for the day having made a 52week low of 061 fingermotion shares were down 571 for the day having made a 52week low of 115 im cannabis shares made a new 52week low of 061 on tuesday the stock was down 057 for the day agrify stock broke to a new 52week low of 143 on tuesday shares of the company traded up 135 biomerica stock broke to a new 52week low of 261 on tuesday shares of the company traded down 295 humanigen shares set a new 52week low of 046 the stock traded down 166 angion biomedica shares moved down 385 on tuesday to hit a new 52week low of 100 drifting down 385 tuesday morning stock hit a new 52week low of 030 the stock was down 672 on the session code chain new continent stock hit a new 52week low of 043 the stock was up 101 on the session ontrak shares hit a yearly low of 098 the stock was down 216 on the session reliance global group shares were down 331 for the day having made a 52week low of 112 assure hldgs stock drifted down 618 on tuesday morning to hit a new 52week low of 128 addex therapeutics stock drifted down 342 on tuesday morning to hit a new 52week low of 086 be sure to monitor benzinga for the news traders need and for even more uptodate info on 52week lows and highs check out benzinga pro this cuttingedge market research platform alerts traders of which stocks are trading near their 52week highs and lows each morning and delivers lots of other actionable data learn more here

thursday marks the last chance for investors to receive the next dividend payout from cross timbers royalty crt the company announced on friday that it would pay shareholders a monthly dividend of 1936 cents per share on friday cross timbers royalty will go exdividend meaning the stock will trade lower to reflect that payout in other words the stock will likely open 1936 cents lower than it would have opened on any other day in order to be eligible to receive a companys dividend shareholders must own the stock prior to the exdividend date—in this case friday shareholders who own crt as of the end of thursdays session are eligible to receive the 1936 cents dividend payout for every share that they own according to the company this dividend will be paid out to shareholders on august 14 2023 investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way to keep track of which companies are distributing dividends click here to visit our dividends calendar

hong kong stocks barely moved at the open of trade friday as traders struggled to track a strong rally on wall street with tech firms in the spotlight after apple and amazon reported belowforecast earnings the hang seng index inched down 477 points to 2027140 the shanghai composite index rose 036 percent or 1058 points to 298606 while the shenzhen composite index on chinas second exchange added 080 percent or 1444 points to 182291

diversified energy co said thursday that its adjusted earnings increased 22 on year in the third quarter as production reached a record high the ftse 250 gas producer reported hedgedadjusted earnings before interest taxes depreciation and amortization of 92 million up from 73 million in the second quarter and 75 million in the third quarter of 2020 net production averaged 128000 barrels of oil equivalent a day 18 higher than in the second quarter and 20 higher than a year earlier diversified declared a quarterly dividend of 425 cents a share up from 375 cents a year ago shares at 0957 gmt were down 12 at 1158 pence

shares of kinder morgan inc kmi inched 066 higher to 1826 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 011 to 3324156 and the sp 500 index spx falling 040 to 382925 this was the stocks second consecutive day of gains kinder morgan inc closed 194 short of its 52week high 2020 which the company reached on june 8th trading volume 82 m remained 86 million below its 50day average volume of 169 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 fleetcor technologies inc flt rose 269 to 24567 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 115 to 437841 and the dow jones industrial average djia rising 063 to 3392674 this was the stocks second consecutive day of gains fleetcor technologies inc closed 128 below its 52week high 24695 which the company reached on june 16th the stock outperformed some of its competitors tuesday as paypal holdings inc pypl fell 032 to 6623 fidelity national information services inc fis fell 049 to 5242 and fiserv inc fi rose 186 to 12240 trading volume 371211 remained 170597 below its 50day average volume of 541808 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 sun life financial inc slf inched 095 higher to c6695 friday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 074 to 1992031 sun life financial inc closed c214 short of its 52week high c6909 which the company achieved on february 17th trading volume of 60 m shares eclipsed its 50day average volume of 20 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

são pauloez tec empreendimentos e participaçoess shares fell 63 after the brazilian real estate developer reported earnings for the first quarter that missed expectations shares reached 1509 reais 306 and are up 20 from the end of last year through thursdays close brazils benchmark ibovespa stocks index was up 01 in early afternoon trading ez tec said thursday after the close that revenue fell 13 from a year earlier and net income dropped 60 in the same period both figures undershot estimates by credit suisse said analyst pedro hajnal in a research note ez tecs numbers were pressured again by one of its projects known as parque da cidade but the company has the knowhow to deliver stronger results mr hajnal said

it was blockbuster earnings season for retailers that reported in august while some firms that benefited from stayathome demand like lowe’s ticker low succeeded it was department stores like macy’s m and apparel retailers like gap gps that really crushed analysts’ estimates in several cases barron’s recently spoke with longtime retail analyst dana telsey who is chief executive officer and chief research officer of telsey advisory group to get her thoughts on the latest trends here is a condensed edited version of the conversation barron’s so much has been going on in retail that i’m sure you’re staying busy dana telsey our world is super busy it’s probably more exciting than it’s been in years and so i’m very excited about everything that’s changing and frankly the combination of the customer having more dollars in their wallet innovation that’s coming whether it’s coming from product whether it’s coming from process whether it’s coming from how the pandemic supercharged change in the acceleration and basically removing some of the headwinds that we had in the past so now companies are accelerating all their initiatives you mentioned some of the innovations we’re hearing a lot about the shopwithinashop concept what are your thoughts on that everyone’s looking to grab the customer at all different demographic spectrums and that’s what these are doing it also gives consumers a reason to go into the store again and it allows you to enhance your digital marketing presence by showcasing what’s new and these new instore partnerships are translating into digital engagement because they’re shown digitally too so i think we’re only going to see more of these there was a belief for years that the rise of ecommerce would bring the end of bricks and mortar stores has that been proven wrong when you think about all the headwinds that retail was faced with over the past few years what the pandemic did was give permission to brands and retailers to accelerate eliminating what was a cost center and focusing what can be a sales and profit driver the narrative was ‘ amazon is going to take over’ nope didn’t happen you’re seeing retailers not only survive but thrive we’re seeing the physical footprint not only be a nicetohave but be a must have you’re seeing the ability to get closer to the customer with seamless options—whether it’s buy online pick up in store whether it is virtual appointments whether it’s shipped from store—the physical footprint is more essential than it’s ever been and it also gives retailers and brands data on their customers to be able to assort and merchandise smarter i think that innovation speed and data have only become more relevant macy’s earnings contained some good news for a mall retailer there was always that fear about indoor malls where do they and other mall retailers stand the best malls will continue to be important and essential because of the occupancy in those malls the investment that stores are making in those centers and the investment that the landlords are making in those centers so i think you’re going to continue to have your best malls continue to survive and they will thrive i think open air has taken on new engagement and it’s become more productive lately whether it’s groceryanchored or whether it’s lifestyleoriented and you’re seeing concepts being able to adjust their footprints both for in the mall and outside of the mall and you’re seeing the ability to have more multichannel spending leading to a more productive consumer both for the retailer and also it helps the landlord when you think about macy’s —their backstage storewithinastore locations open for more than one year showed a 28 percentage point increase that’s very productive you’re seeing them expand their category assortment to target the under40yearold customer and that frankly is enhanced with the toys’r’us partnership we’re hearing a lot about supply chain and labor issues how are executives navigating such concerns i think the mood it’s top of mind of chief concern they are focused on being able to have the goods they need for the upcoming holiday season and while it’s leading to more fullprice sales and higher margins with lower markdowns the normalization of when you can get to more and more normalized inventory levels it keeps being extended bringing in goods earlier being able to drop ship being able to air freight in some goods and placing orders earlier are on top of mind in navigating through these challenges you mentioned the holiday season what are your expectations for the period this year i think the feel of holiday is that it’ll be a strong holiday season i think it’s going to continue to be less promotional and what we’re really seeing is a flood of newness in products out there that’s driving excitement we’re seeing newness emerge in all areas of consumer spending lately given the current catalysts and where the stocks are trading do any stock picks stand out to you i think there’s a lot of interesting things out there because of what companies are doing what levi strauss levi is doing certainly with the new product what estee lauder el is doing with product innovation is so impressive certainly with this backtoschool season take a look at the pickup the children’s place plce has seen that certainly is meaningful when they talked about a 41 increase in august same store sales that’s encouraging to hear about when we think about some of the existing business models where they’ve also enhanced you take a look at deckers deck and you think about new business models like thredup tdup or you take a look what at what urban outfitters urbn is doing i think that where there is newness there is interest and i think the runway was stronger balance sheets and putting in place these gross margin accelerants that will only fuel the bottom line for a lot of consumer companies

shares of booking holdings inc bkng slid 360 to 234837 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 022 to 409046 and the dow jones industrial average djia rising 050 to 3386927 booking holdings inc closed 36729 below its 52week high 271566 which the company achieved on february 16th 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 best buy inc bby rose 14 in premarket trading tuesday after the consumer electronics retailer reported fiscal secondquarter profit and revenue that fell less than forecast helped by increasing online sales net income for the quarter to july 30 dropped to 306 million or 135 a share from 734 million or 290 a share in the yearago period excluding nonrecurring items adjusted earnings per share of 154 beat the factset consensus of 127 revenue fell 128 to 1033 billion but was above the factset consensus of 1227 billion as samestore sales declined 121 to beat expectations of a 129 fall online sales penetration was 31 of total domestic sales or almost double that of prepandemic q2 of fiscal 2020 as we entered the year we expected the consumer electronics industry to be softer than last year following two years of elevated growth driven by unusually strong demand for technology products and services and fueled partly by stimulus dollars said chief executive corie barry the macro environment has been more challenged due to several factors and that has put additional pressure on our industry the company expects fiscal thirdquarter samestore sales to be down slightly more than 121 while the factset consensus is for a 126 decline best buys stock has dropped 123 over the past three months through monday while the sp 500 spx has slipped 31

shares of southern co so inched 037 higher to 6768 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 146 to 407660 and the dow jones industrial average djia rising 109 to 3408604 southern co closed 1289 below its 52week high 8057 which the company achieved on august 19th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as nextera energy inc nee fell 056 to 7463 dominion energy

a canadian dollar coin commonly known as the loonie is pictured in this illustration picture taken in toronto january 23 2015 reutersmark blinchfile photo toronto may 30 reuters the canadian dollar rose to its highest level in more than fiveweeks against the greenback on monday as data showed canadas current account surplus turning positive and ahead of an expected interest rate hike this week by the bank of canada canadas current account surplus was c50 billion in the first quarter swinging from a revised c137 million deficit in the fourth quarter it was the widest surplus since the second quarter of 2008 we expect the ongoing strength in commodities to support the current account in q2 second quarter though offset by a deeper services deficit as travel recovers more fully said shelly kaushik an economist at bmo capital markets canadas gdp data due on tuesday could help guide expectations for the bank of canada policy outlook money markets expect the central bank to raise its benchmark rate by half a percentage point for a second straight time at a policy decision on wednesday the canadian dollar was trading 05 higher at 12657 to the greenback or 7901 us cents after touching its strongest since april 22 at 12651 gains for the loonie came as world share markets world rose and the us dollar dxy lost ground against a basket of major currencies with investors betting on a possible slowdown in us monetary tightening read more the price of oil one of canadas major exports was up 18 at 11717 a barrel as traders waited to see whether a european union meeting would reach an agreement on banning russian oil imports read more us crude oil futures rose 06 to 11717 a barrel as china eased covid19 restrictions and traders priced in expectations that the european union will eventually reach an agreement to ban russian oil imports read more canadian government bond yields were higher across the curve with the 10year up 35 basis points at 2825 reporting by fergal smith editing by barbara lewis and diane craft

kearny financial corp the holding company of kearny bank said it is seeking to cut its operating costs by reducing spending on vendors automating routine activities and realigning its workforce the companywide effort targeting an annualized reduction in operating costs of 5 to 10 comes as economic conditions tighten and interest rates rise the company also said it has sold 1214 million of its loweryielding availableforsale debt securities for an aftertax loss of about 11 million proceeds from the sale were reinvested in debt securities currently yielding on average 440 basis points higher than the securities that were sold kearny financial said additionally the company said it bought about 100 million of debt securities funded by wholesale borrowings which would produce an average spread of 216 basis points shares of kearny financial rose about 1 to 920 a share in premarket trading write to will feuer at willfeuerwsjcom

behind negative returns for shares of verizon and cisco the dow jones industrial average is trading down thursday afternoon shares of verizon vz and cisco csco are contributing to the indexs intraday decline as the dow djia was most recently trading 148 points 04 lower verizons shares have dropped 146 or 38 while those of cisco are off 118 25 combining for an approximately 17point drag on the dow also contributing significantly to the decline are travelers trv american express axp and dow dow 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

shares of icici bank ltd 532174 inched up 054 to 97075 indian rupees friday on what proved to be an allaround favorable trading session for the stock market with the sp bse sensex index 1 rising 074 to 6572125 icici bank ltd closed 3795 rupees short of its 52week high 100870 rupees which the company achieved on july 24 the stock demonstrated a mixed performance when compared to some of its competitors friday as indusind bank ltd indusindbk rose 331 to 140960 rupees and state bank of india sbin fell 291 to 57330 rupees 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 newell brands inc nwl slid 092 to 1292 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 120 to 378322 and dow jones industrial average djia falling 110 to 3287571 the stocks fall snapped a twoday winning streak newell brands inc closed 1353 below its 52week high 2645 which the company reached on february 16th despite its losses the stock outperformed some of its competitors wednesday as procter gamble co pg fell 129 to 15196 trading volume 37 m remained 10 million below its 50day average volume of 47 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

the sony group corp adr sony rallied 164 to 8931 thursday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 073 to 1201347 and the dow jones industrial average djia rising 043 to 3285903 this was the adrs second consecutive day of gains sony group corp adr closed 1574 below its 52week high 10505 which the company achieved on april 4th the adr demonstrated a mixed performance when compared to some of its competitors thursday as sharp corp adr shcay rose 057 to 175 koninklijke philips nv adr phg rose 604 to 1791 and panasonic holdings corp adr pcrfy rose 068 to 888 trading volume 12 m eclipsed its 50day average volume of 762109 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

hexo corp hexo said wednesday it is cutting 180 jobs as part of the canadabased cannabis companys costcutting plan the layoffs represent about 14 of the companys workforce which was about 1277 according to the latest factset data half of the layoffs are result of the previously announced closure of its stellarton facility and the rest are related to the reduction of backoffice positions hexo said the cuts will lead to annual savings of about c15 million 118 million todays announcement was not an easy one to make we are working with all impacted employees to the best of our ability to ensure that they are treated fairly and provided the support necessary to assist with this transition said chief executive scott cooper the uslisted stock rose 68 in afternoon trading to 69 cents in latejanuary the company said it received notice from the nasdaq that it was not in compliance with the minimumbid listing requirement as the stock has closed below 1 since dec 10 the stock has plunged 569 over the past three months while the cannabis etf thcx has slumped 381 and the sp 500 spx has eased 21

the logo of property developer shimao group is seen on the facade of shimao tower in shanghai china january 13 2022 reutersaly song hong kong jan 31 reuters shares of cashstrapped shimao group 0813hk rose on monday after the chinese developer and its chairman sold a shanghai hotel and a stake in a hong kong development respectively for a total of 836 million in their latest efforts to raise funds the disposals come after shimao put up its assets worth 77 billion yuan 1211 billion for sale to raise cash to repay its debts offloading two other assets in the past two weeks for 3 billion yuan the shanghaibased developer said late on friday it sold hyatt on the bund to stateowned shanghai land group co for 45 billion yuan read more its chairman hui wing mau also sold his 40 stake in a hong kong highend residential development to hong kong investors csi properties 0497hk and c c land holdings 1224hk for hk105 billion 13468 million according to separate statements from the buyers late on friday chinese stateowned property firms are expected to acquire more assets from private developers facing tight liquidity analysts said as beijing steps up efforts to stabilise and tighten control over a crisishit sector that accounts for a quarter of its economy read more financial media outlet cailianshe reported over the weekend a stateowned healthcare real estate firm in the northeastern province of shandong may become china aoyuan groups 3883hk controlling shareholder and it has completed the preliminary due diligence shares of shimao gained 48 while aoyuan rose 68 the hang seng mainland properties index hsmpi was up 22

if history is any guide there may be trouble ahead for shares of intercontinental hotels ihg 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 intercontinental hotels which is trading around 6030 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 do you use the death cross signal in your trading or investing share this article with a friend if you found it helpful this article was generated by benzingas automated content engine and reviewed by an editor

shares of dover corp dov inched 019 higher to 14597 monday on what proved to be an allaround favorable 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 dover corp closed 1469 below its 52week high 16066 which the company achieved on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors monday as danaher corp dhr fell 193 to 25506 paccar inc pcar rose 093 to 8613 and ingersoll rand inc ir rose 167 to 6527 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 howmet aerospace inc hwm rallied 320 to 4513 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 145 to 428237 and the dow jones industrial average djia rising 212 to 3376276 this was the stocks second consecutive day of gains howmet aerospace inc closed 057 below its 52week high 4570 which the company achieved on may 2nd the stock outperformed some of its competitors friday as berkshire hathaway inc cl a brka rose 224 to 50300000 berkshire hathaway inc cl b brkb rose 197 to 32948 and transdigm group inc tdg rose 201 to 79382 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 kraft heinz co khc slid 042 to 4314 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 356 to 414687 and dow jones industrial average djia falling 312 to 3299797 the stocks fall snapped a twoday winning streak kraft heinz co closed 181 below its 52week high 4495 which the company reached on may 24th the stock demonstrated a mixed performance when compared to some of its competitors thursday as pepsico inc pep fell 200 to 17039 mondelez international inc cl a mdlz fell 145 to 6523 and general mills inc gis fell 008 to 7075 trading volume 70 m eclipsed its 50day average volume of 68 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

oil futures lost ground friday but remained on track for a weekly rise as fears of a sharp global economic slowdown eased the energy complex was in bounce mode after wti fell more than 9 last week and brent dropped 87 with crude finding a footing after last friday’s strong us jobs report and inflation data this week that showed price pressures moderating that was boosting hopes that the federal reserve wouldn’t need to raise rates as aggressively as feared potentially leaving room for policymakers to rein in still redhot inflation without sending the economy into recession there’s more than a hint of irony in that market narrative however noted alex kuptsikevich senior market analyst at fxpro with a fallback in gasoline prices from record highs the biggest factor in cooling the july consumer price index reading “a sharp slowdown in price growth and a reduction in the fuel component fueled speculation that the fed would slow policy tightening but oil is a risky asset so the rest of the market enjoyed a rise” he said in a note “the implication is that oil rose this week because the economy showed the effects of its decline in the previous two months” the price rally of the past week fits into a “corrective rebound picture” the analyst wrote warning that if bulls “do not find a new fundamental reason to buy at current levels near 94 for wti in the next few days we should expect a bear market recovery”

economist charles calomiris sets out a scary but plausible scenario for how the budget deficit will translate into grief for savers orried about your deposits or the bank shares in your portfolio you should be trouble lies ahead so says charles calomiris economist and professor at the new university of austin “it’s going to get worse people shouldn’t assume that large banks are not going to be affected” he says this gloomy take on banking is grounded on a theory of government finance that describes a phenomenon called “fiscal dominance” the theory goes like this step one the budget deficit overpowers the federal reserve’s effort to combat inflation inflation goes higher and stays higher step two the government needs that inflation in order to make ends meet it gets in the habit of paying a large part of its expenses by levying an “inflation tax” on currency and bank deposits step three depositors duck the tax by moving as much money as they can out of the banking system on shrunken assets the banks make less money this has happened before during the inflation of the 1970s and calomiris says it will happen again chronic 8 inflation is a distinct possibility just when we arrive at this dire state is not something that this economist can forecast but the day will come he says when investors gag on us treasury bonds unable to finance itself with a rising level of debt to gdp the government will have to do one of three things raise taxes cut entitlements or extract wealth via the inflation tax politics makes the first two of these choices all but impossible that leaves the third which fed chairman jerome powell or his successor can probably implement without any help from congress calomiris 65 has spent most of his career at universities and think tanks and served briefly as the chief economist at the office of the comptroller of the currency which oversees nationally chartered banks he is no perennial sourpuss in the manner of nouriel roubini on the contrary he says at occ he was an optimist about the financial sector even as covid threatened to wreck the economy but now the flight from deposit accounts is hitting banks at the same time they are coping with two other crises they are losing money on their longterm bond holdings and they are at risk of losing another pile on loans for commercial real estate calomiris has some personal understanding of the latter problem he owns commercial property in reston virginia near where he grew up “i’m getting clobbered” he says “the yoga studio went out of business” his real estate lightly leveraged is not at risk of foreclosure but plenty of bankfinanced office buildings and hotels are the inflation tax that calomiris is talking about is now being levied only on currency at 5 about where inflation has been over the past year the 100 you have sitting in your sock drawer becomes worth 5 less every year the government grabs that 5 keeping the supply of currency fixed in real terms it can print 5 of paper money at your expense and use it to pay for social security medicare and whatever calomiris explains “the inflation tax rate is the rate of inflation the tax base is any government borrowing where the government does not have to pay interest” the tax is not being levied at the moment on bank reserves but it could be and that would generate a lot more virtual income for uncle sam banks keep 32 trillion of deposits in the federal reserve system and use that money to facilitate bank wires and check clearing today the fed pays banks 515 interest on these balances but it could choose to pay nothing all the while mandating that banks maintain fed reserves equal to a certain percentage of their deposits in that situation bank deposits become fractionally exposed to the same erosion that now afflicts currency if some of your deposit is spirited away to a nointerest account at the federal reserve your bank won’t be paying you much interest on it suppose the fed implements a stiff 40 reserve requirement commercial bank deposits now total 17 trillion so such a policy would boost the reserve base to 69 trillion add that to the 23 trillion of currency in circulation and the government has a potential inflation tax base of 92 trillion people do not however sit still while their money is being eaten away by inflation they hold less cash in their wallets and they get by with smaller checking accounts a 40 reserve requirement would be extreme “we’ve never done anything like that before” calomiris says but desperate finances call for desperate measures the problem starts with the unwillingness of politicians to touch social security or medicare and would be compounded if china’s belligerence results in a boost to defense spending “if you’re going to spend like a banana republic you’re going to inflate like a banana republic” he says half a century ago as inflation zoomed upward individuals and corporate treasurers discovered the dark art of cash management the 1970s saw the blossoming of moneymarket funds commercial paper and schemes to sweep cash into temporary treasury bill holdings all aimed at delivering yield on formerly dead money there’s no telling how creative people will get this time around making guesses about the size of the inflation tax base and about the hole in the budget that would need to be filled calomiris comes up with that 8 inflation figure the resulting inflation tax would allow the government to meet its obligations without pushing up the debtgdp ratio which is already high see chart when we get to that point depends on some variables that are not knowable in advance the big ones real interest rates historically near 2 but recently lower than that and economic growth which has averaged 19 in this century but is expected by many economists to diminish the real interest rate on federal debt tells you how fast the numerator grows in the debtgdp ratio economic growth determines the denominator if real rates creep above growth the us treasury gets into trouble very quickly working in the other direction the day of reckoning will be delayed by the windfall that the treasury gets from unexpected inflation which drives down the value of bonds already outstanding that’s a onetime gain though because investors can be fooled only once after high inflation sets in bond buyers insist on higher coupons on new debt “it’s hard to nail down the precise moment everything goes kerflooey” calomiris says “we could easily be in a fiscal dominance problem in five or ten years—or a lot sooner” if he’s right there are two lessons for savers one is that longterm treasury bonds now yielding 4 are bad buys the other is that bank shares off 15 so far this year to judge from the spdr sp bank etf are still not cheap enough to go in your portfolio “depositors will try to get out of the banking system” calomiris predicts “there will be financial innovation banks will become less profitable” there’s no official endorsement of calomiris’s radical thinking but an arm of the government is willing to let it see the light of day his paper on fiscal dominance was published this month by the st louis federal reserve bank

airtel africa plc said wednesday that it has signed a 125 million revolving credit facility with citi and that it will use the funds to support operations and investments at four of its subsidiaries the africafocused telecom and mobile moneyservices provider said the facility was in line with its strategy to raise debt in its local operating companies and that it has a tenor up to september 2024 the facility provides potential interest rate savings in exchange for achieving social impact milestones relating to digital inclusion and gender diversity with a focus on rural areas and women the company said

shares of ansys inc anss slipped 409 to 27061 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 281 to 417520 and dow jones industrial average djia falling 238 to 3324018 ansys inc closed 14328 below its 52week high 41389 which the company achieved on november 5th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as autodesk inc adsk fell 291 to 18559 dassault systemes se adr dasty fell 426 to 4132 and general dynamics corp gd fell 094 to 23693 trading volume 711730 eclipsed its 50day average volume of 560725 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 bank of america corp bac shed 126 to 2811 friday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 014 to 419198 and dow jones industrial average djia falling 033 to 3342663 this was the stocks second consecutive day of losses bank of america corp closed 1049 below its 52week high 3860 which the company achieved on november 11th the stock underperformed when compared to some of its competitors friday as jpmorgan chase co jpm fell 023 to 13918 and wells fargo co wfc fell 045 to 4003 trading volume 494 m remained 207 million below its 50day average volume of 701 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

canopy growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations the canadian cannabis company ticker cgc posted a pershare loss of 146 canadian dollars us115 for its fiscal fourth quarter while analysts had expected a loss of 30 canadian cents according to factset net revenue for the three months ended in march was c1118 million below analysts’ expectations of c130 million

shares of tech mahindra ltd 532755 rose 113 to 111970 indian rupees wednesday on what proved to be an allaround favorable trading session for the stock market with the sp bse sensex index 1 rising 031 to 6352315 tech mahindra ltd closed 4605 rupees below its 52week high 116575 rupees which the company reached on september 12 the stock outperformed some of its competitors wednesday as infosys ltd 500209 fell 013 to 130140 rupees and tata consultancy services ltd tcs rose 094 to 325820 rupees trading volume 34652 remained 82781 below its 50day average volume of 117433 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

junee the holding company for the hong kongbased ops interior design consultant has filed for an initial public offering the holding company said in a registration statement on friday that it plans to offer 2 million shares for 4 to 6 apiece the company has reserved the ticker symbol june for the listing of its shares on the nasdaq capital market though nasdaq hasnt yet approved the listing application if the listing isnt approved the offering may not be completed junee said

shares of devon energy corp dvn rallied 195 to 7059 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 038 to 373548 and dow jones industrial average djia falling 050 to 3036483 the stocks rise snapped a fourday losing streak devon energy corp closed 881 short of its 52week high 7940 which the company reached on june 9th the stock outperformed some of its competitors tuesday as bhp group ltd adr bhp fell 138 to 5997 conocophillips cop fell 024 to 11149 and eog resources inc eog rose 025 to 13126 trading volume 110 m remained 41931 below its 50day average volume of 110 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 stryker corp syk inched 010 higher to 23328 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 this was the stocks third consecutive day of gains stryker corp closed 4788 below its 52week high 28116 which the company reached on september 9th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as medtronic plc mdt rose 128 to 10559 boston scientific corp bsx rose 065 to 4015 and edwards lifesciences corp ew fell 165 to 9454 trading volume 771820 remained 738988 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 admiral group plc adm were unchanged wednesday at £2260 on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 026 to 788517 admiral group plc closed £826 below its 52week high £3086 which the company reached on february 10 trading volume 386844 remained 347478 below its 50day average volume of 734322 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 assurant inc aiz inched 009 higher to 12932 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 017 to 413062 and dow jones industrial average djia falling 066 to 3330951 assurant inc closed 5876 short of its 52week high 18808 which the company reached on may 18th the stock demonstrated a mixed performance when compared to some of its competitors thursday as berkshire hathaway inc cl a brka rose 020 to 49300000 berkshire hathaway inc cl b brkb fell 011 to 32264 and chubb ltd cb rose 046 to 20139 trading volume 279165 remained 171258 below its 50day average volume of 450423 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 skechers usa inc skx rose more than 4 in the extended session wednesday after the footwear retailer reported firstquarter earnings and sales above expectations saying its wholesale business was strong skechers said it earned 1212 million or 77 cents a share in the quarter compared with 986 million or 63 cents a share in the yearago period sales rose more than 25 to 182 billion with increases in both domestic and international sales thanks to strength in wholesale sales it said factset consensus called for earnings of 73 cents a share on sales of 169 billion skechers guided for secondquarter sales between 175 billion and 180 billion and diluted eps between 50 cents and 55 cents fiscalyear 2022 sales were seen between 72 billion and 74 billion and eps between 275 and 295 skechers ended the regular trading day down 47

shares of apa corp apa slipped 424 to 4469 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 145 to 382239 and dow jones industrial average djia falling 105 to 3302749 the stocks fall snapped a threeday winning streak apa corp closed 726 below its 52week high 5195 which the company achieved on june 8th the stock underperformed when compared to some of its competitors thursday as eog resources inc eog fell 285 to 12630 pioneer natural resources co pxd fell 240 to 22015 and schlumberger ltd slb fell 360 to 5139 trading volume 53 m remained 16 million below its 50day average volume of 70 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

thousands of officials across the government’s executive branch reported owning or trading stocks that stood to rise or fall with decisions their agencies made a wall street journal investigation has found more than 2600 officials at agencies from the commerce department to the treasury department during both republican and democratic administrations disclosed stock investments in companies while those same companies were lobbying their agencies for favorable policies that amounts to more than one in five senior federal employees across 50 federal agencies reviewed by the journal

the collapse of an elevated section of interstate 95 in philadelphia on sunday that has resulted in the closure of a stretch of the highway has sparked concerns about the effect on supply chains several lanes of i95 a key highway that stretches from miami to maine collapsed after a tanker truck caught fire underneath the overpass a body was recovered from the wreckage on monday officials have warned that it could take months to fix the segment of highway which normally carries some 160000 vehicles per day late monday a spokesperson for fedex corp fdx told marketwatch that the effect on the company’s operations has been minimal “fedex is well versed at implementing operational contingencies to navigate around road closures traffic incidents weather systems and the like” the spokesperson said “we are closely monitoring the situation on i95 and are making adjustments accordingly” related i95 collapse may snarl traffic for months but a media legend was born a spokesperson for united parcel service ups had a similar response “we are using alternate routes around the closed section of i95 and are doing everything possible to keep shipments moving normally” the spokesperson told marketwatch a spokesperson for the american trucking association told local abc affiliate wpvi that approximately 8 to 9 of the vehicles that pass through that section of i95 are commercial trucks a detour of more than 40 miles is mostly on noninterstate highway with more than 60 traffic lights according to the ata spokesperson “this will add significant cost in time fuel and delays so we urge state and federal agencies to target appropriate resources to repairing and replacing this highway as quickly as possible” the spokesperson told wpvi marketwatch has reached out to the ata with a request for comment

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shares of eastman chemical co emn slipped 071 to 9520 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 042 to 412247 and dow jones industrial average djia falling 018 to 3277441 the stocks fall snapped a fourday winning streak eastman chemical co closed 3428 below its 52week high 12948 which the company achieved on january 19th the stock underperformed when compared to some of its competitors tuesday as exxon mobil corp xom rose 184 to 9059 3m co mmm fell 043 to 14784 and fmc corp fmc fell 063 to 10735 trading volume 671888 remained 428597 below 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

shares of open text corp otex shed 352 to c5017 tuesday in what proved to be an allaround down trading session for the canadian market with the sptsx composite index gsptse falling 069 to 1897268 this was the stocks third consecutive day of losses open text corp closed c1962 short of its 52week high c6979 which the company reached on august 31st trading volume of 625154 shares eclipsed its 50day average volume of 546937 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

adidas ag said friday that it is in talks with puma chief executive bjorn gulden as a potential successor as the german sportswear company looks to move on from a series of recent travails earlier friday adidass smaller rival puma said mr gulden would leave at the end of the year with germanys manager magazin reporting he was set to move to the larger company adidas ag confirms that it is in talks with bjorn gulden ceo of puma as a potential successor adidas said shares in adidas surged after the news gaining more than 22 to eur11480 as of 1508 gmt conversely puma shares lost 31 to eur4487 current adidas ceo kasper rorsted is set to hand over the reins of the company to a successor at some point in 2023 his planned departure was made public in august after a string of disappointing results and guidance cuts at the company which has suffered from slow recovery in the key china market more recently oneoff costs relating to the groups exit from russia and a painful split with designer kanye west and his successful yeezy label have exacerbated the financial challenges facing the company mr gulden said he had taken the decision not to renew his contract after nine years at pumas helm i felt it was the right time for puma my successor and me to leave now he said adding that he wished to continue his career in an operational role unlike larger rivals adidas and us giant nike inc puma has had a successful year with no cuts to guidance mr guldens departure is bad news for puma rbc capital markets analysts piral dadhania said in the wake of the news mr gulden has had a material impact on the business during his tenure the analyst said in a note adding however that there is no reason the company shouldnt maintain its momentum in the nearterm for adidas the appointment of mr gulden would be a good move given his impressive reputation mr dadhania said even so a turnaround under a new leader wont happen overnight he warned mr guldens successor current chief commercial officer arne freundt will be given a mandate of four years as ceo beginning jan 1 puma said the new ceo who has been with the company for more than 10 years has been a designated candidate and is the ideal choice to continue pumas very successful path and to further accelerate the companys momentum supervisory board chairwoman heloise templeboyer said

the london stock exchange group offices are seen in the city of london britain december 29 2017 reuterstoby melvillefile photo aug 22 reuters the uks exportcentric ftse 100 slid on monday with oil stocks leading losses as a bout of risk aversion hit global markets on concerns over aggressive rate hikes by major central banks the index ftse dropped 03 by 0705 gmt trading below 10week highs hit last week oil majors shell shell and bp bpl fell 11 and 13 respectively as crude prices slumped more than 2 on worries about the weakening global economic outlook and hit to fuel demand cineworld cinel rose 101 after slumping almost 60 to a record low on friday as the worlds secondlargest cinema chain operator said it was considering options including a possible bankruptcy filing in the united states as it struggles with nearterm liquidity read more vodafone plc vodl edged up 05 after it said that it would sell its hungarian business for 715 billion forints 18 billion in cash read more reporting by johann m cherian and sruthi shankar in bengaluru editing by anil dsilva

selinsgrove pennsylvania united states 20210127 a woman walks past the gamestop store inside the susquehanna valley mall an online group sent share prices of gamestop gme and amc entertainment holdings inc amc soaring in an attempt to squeeze short sellers

shares of arthur j gallagher co ajg inched 007 higher to 21378 friday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 037 to 440959 and dow jones industrial average djia falling 032 to 3429912 this was the stocks seventh consecutive day of gains arthur j gallagher co closed 545 short of its 52week high 21923 which the company achieved on may 15th the stock underperformed when compared to some of its competitors friday as marsh mclennan cos mmc rose 034 to 18115 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

big us banks are on track to meet analysts thirdquarter earnings expectations thanks to good loan growth and rising interest rates according to credit suisse with a few weeks remaining in the quarter analysts led by susan roth katzke examined key data points for the group loan balances for the industry are heading for a 26 quarteroverquarter increase which combined with higher rates should support more net interest revenue growth a crucial driver for banks the analysts wrote wednesday in a note at the same time loan losses from credit cards and other products are still low and volatility in markets supports good trading results although investment banking remains moribund they added every incremental data point improves the clarity of the fundamental picture roth katzke wrote bank stocks have been hammered this year on fears that the us is nearing a recession the kbw bank index has fallen about 20 but borrowers have held up relatively well providing a boost to main street lending operations as the federal reserve raised rates four times this year the dynamic provides opportunity to investors so long as a recession doesnt create a punishing wave of defaults the companies which begin reporting thirdquarter results next month are expected to post about 3 revenue growth from the second quarter and per share earnings that jump 7 the biggest risk to these estimates is tied to the health of the markets including markdowns on assets amid market upheaval across asset classes the analysts see about 20 total returns on average across the large cap us banking group if the federal reserve can successfully combat inflation without inducing a recession but the group faces 25 downside to discount a mild recession according to credit suisse the analysts highest conviction recommendations however could return around 30 and include bank of america goldman sachs and jpmorgan chase according to roth katzke cnbcs michael bloom contributed to this story

shares of agnicoeagle mines ltd aem inched 057 higher to c6146 friday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 084 to 2127185 agnicoeagle mines ltd closed c3173 below its 52week high c9319 which the company reached on february 9th trading volume of 591305 shares remained below its 50day average volume of 979884 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

welcome to the subscriberonly odd lots newsletter every week joe weisenthal and tracy alloway bring you their thoughts on the most interesting developments in markets finance and economics here is a postcard from the depths of hedge fund hell it shows the relative performance of morgan stanley’s basket of the most crowded stocks based on hedgefund filings versus the sp 500 as you can see november was simply a terrible month for crowded positions beneath the surface of a relatively stable sp 500 then there was a lot going on stocks whose valuations were based on narratives around future growth as opposed to current earnings are getting the air kicked out of their tires to put it simply momentum has lost momentum a lot of this price action as parallels with the quant crisis of august 2007 which was really a sudden failure of investment models that led to broadbased pain for hedge funds on the one hand talk of that is likely to make a lot of people worry that we’re on the verge of another financial crisis on the other hand it’s worth noting that a lot of things are very different than where we were before 2008 it’s a point that comes up in our upcoming “odd lots” episode with rick bookstaber a serial risk manager and author of “demon of our own design” a classic of the risk management genre as he puts it that’s arguably what we’ve just seen extreme positioning in certain highflying stocks that hit an air pocket as people rushed for the exits as tracy mentioned above our monday guest of the podcast is rick bookstaber who’s work on the complexity of the financial system presaged in some ways the global financial crisis so it’s interesting that his main concerns are not so much about the plumbing but rather simply the risk that “stocks go down” and what that would mean for the broader economy one of my takeaways from the gfc is that the stuff that blows you up in a bad way is the stuff that you have categorized officially or unofficially as “safe” it was the triplea paper that wasn’t really triplea that caused so many problems last time these days we see a lot of exuberance in the market crypto and meme stocks are obviously where the mind goes first but nobody’s thinking of crypto and meme stocks as aaalike assets even the biggest bitcoin diehards fully acknowledge how volatile it is so it’s hard to see systemic issues arising from crypto or meme stocks and honestly it’s hard to see systemic issues from a lot of the highflying stuff of the last couple of years like tesla or the ark family so what is then our equivalent of the fake aaa paper what is the one thing we just sort of take for granted as being safe one possible answer is traditional notions of diversification as we’ve talked about a lot on the podcast the last 40 or so years have been great for the broadly diversified portfolio manager over the long term both treasuries and stocks have gone up but over the shortterm they often go in the opposite direction as such you get longterm gains and shortterm volatility mitigation with some variation on the 6040 allocation people talk about the death of “6040” all the time but there’s not some obvious alternative structure out there usually the new ideas that people have for diversification end up being the “60” part in disguise also nobody in markets really seems that worried about inflation or the fed going full on to fight it people talk about inflation a lot but the anxiety isn’t showing up in most market measures 5yr5yr forward breakevens which might be seen as a proxy for how the market sees inflation playing out after everything we’ve seen these days normalizes are very subdued and right in the middle of their range for the last decade i’m not predicting some kind of huge sustained inflation breakout that the market is not pricing one in and it’s hard to see the fed really doing an aggressive series of rate hikes that breaks diversified portfolios but just like the assumptions that aaa means aaa those are some possible areas today that could turn into real trouble on the podcast this week this week we dived deep into the labor market and explored the extreme moves in the beveridge curve which charts the relationship between job openings and the unemployment rate thomas lubik a senior adviser in the research department at the richmond fed who has been examining this unusual state of the labor market you can find the episode here and the transcript over here we also spoke with matt huang cofounder of paradigm which just announced a massive new 25 billion crypto fund we asked him how he plans to spend the money and how he decides what form crypto investments should actually take even in the decentralized world of crypto it looks like venture funds get the first bite the podcast is here and the transcript here there’s a shortage of santas because of course there is lessons from a half century of us industrial policies someone paid 650000 for a nonexistent yacht in the metaverse quarles people will start to ask why the fed can’t “purchase trillions of dollars of green energy bonds or underwrite the colonization of mars”’

shares of ventas inc vtr shed 265 to 4041 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 021 to 364729 and dow jones industrial average djia falling 043 to 2913499 this was the stocks seventh consecutive day of losses ventas inc closed 2361 below its 52week high 6402 which the company reached on march 29th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as welltower inc well fell 222 to 6431 healthpeak properties inc peak fell 273 to 2280 and duke realty corp dre fell 176 to 4843 trading volume 21 m eclipsed 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

shares of interpublic group of cos ipg sank 024 to 2942 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 013 to 396684 and the dow jones industrial average djia rising 028 to 3199004 interpublic group of cos closed 1056 below its 52week high 3998 which the company achieved on february 9th the stock demonstrated a mixed performance when compared to some of its competitors monday as omnicom group inc omc rose 064 to 6940 and publicis groupe sa adr pubgy fell 035 to 1277 trading volume 39 m eclipsed its 50day average volume of 36 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 stocks opened higher at the opening bell as investor digested an employment report that showed signs of wage growth slowing in a strong labor market the dow jones industrial average djia was up 08 soon after the opening bell while the sp 500 spx gained 07 and the nasdaq composite comp rose 05 according to factset data at last check the us bureau of labor statistics said friday that the us added 223000 jobs in december with the unemployment rate edging down to 35 hourly earnings rose a modest 03 last month slightly below forecast the rise in wages over the past year slowed to 46 from 48 the smallest increase since the summer of 2021