Datasets:

judy93536

/

perigon-150k

like 0

shares of raymond james financial inc rjf were unchanged monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 004 to 446118 and dow jones industrial average djia falling 058 to 3455299 raymond james financial inc closed 1159 below its 52week high 11737 which the company reached on february 10th the stock outperformed some of its competitors monday as charles schwab corp schw fell 110 to 8901 trading volume 731133 remained 623165 below 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

cc may contain inaccuracies why didnt you try try what do you think the most value is in this market take your pick across assets yes so while im an equity strategist so i definitely look at the sectors i look at say that in terms of sectors would definitely prefer the internet sector and its food and beverage sector and the internet sector in particular is when we like where we see the companies reporting decent earnings we are seeing a resurgence and these companies do benefit from more online consumption and in the second quarter results even though there was a channel i locked down some of the companies were actually seeing earnings upgrades and decent earnings reports and we are also seeing a any improvement in the competitive dynamics in the sector and it seems like we are at the tail end of the regulatory cycle for the internet sector and also we see a bit of good news on the adr twitter beverage war is more on the commodity declining front these companies do have good pricing power many of them have started raising prices in the first half of this year some of them we are seeing hp increases and so we do expect for some of them a margin expansion in the second half which underpin their earnings growth in the second half so food and beverage james james hello help us take a look at earnings so far i mean do you think that weve seen the worst of these kind of covid lockdowns and the impact it could have on earnings whats your take yes so id say that so currently consensus forecasting run about 8 percent earnings growth of msci china with 5 percent so we do see a little bit more earnings downside for the market and thats sad i think one thing to highlight is we look at the second quarter results many companies have actually seen earnings cuts weve seen earnings cuts run about 3 to 4 percent for companies that reported and yet share price really havent responded so well so that suggests to me that while the sell side is come downgrade on the buy side is ahead of the sell side by side probably a bit more pessimistic compared to cac consensus right and i would imagine you know the buy side also has to contend with not just fundamentally whats happening in china with whats happening in the right environment outside so how do i sort of reconcile the two that it is not an environment that is conducive really to taking a lot of equity exposure at this point james yes id say so in terms of our view on the equity market yes in the short term id say that we are generally a bit cautious given the resurgence we also see a bit of deterioration the us trying to relations and thats generally not good for china markets and were also come up downgrades on a lot of the companies that said over a 12 month period we can still see that the fiscal and monetary policies are quite supportive in china but very divergent trend compared to the rest of the world and valuations also and the many if you look at msci china is trading up once then deviation below historical average and we also have like a lot of the investors that we may see some normalization relaxation the kind of policies in a 12 month period and that presents significant earnings upsides to the market that others might other markets might not have so thats why we still have over twelve months yeah right yeah but james i could have made the same exact argument twelve months ago those same exact things and look where we are yes its its a difficult one right now so id say and thats why i think the next two to three months i think the market is going to tread water until they see a clearer sight particularly on a cold front i think covid is probably the major detractor too to the market right now so i think just wait until post the 20th party congress and see whether theres any change to the policy i think thats what the markets probably waiting for what are you looking for specifically at a party beyond just the covid 0 if we in fact signify a loosening and restrictions there is there anything that that really is a game changer for you that could maybe change your strategy in any way james yeah id say that first of all if we look at the vaccination rates for the elderly thats still a particularly those of 18 were talking about 40 percent that have had three jobs so right now its probably not enough for a normalization nikkei policy id say another one is maybe a change the way that the government deals with that kind of resurgence you know encouraging more people to vaccinate rather than just testing so these two are probably the signs that wed be looking for

“ “i think we will see a long period of time with very very low returns” ” that was the head of norges bank investment management which operates norways’ 13 trillion sovereign wealth fund warning investors to brace for what could be another difficult year ahead fallout from 2022 the worst year for the sp 500 index spx since 2008 is still to come said nicoali tangen speaking to the ft on the sidelines of the world economic forum in davos switzerland “we have not seen the secondary effects of the 30 trillion in wealth destruction we saw last year” said the head of one of the world’s biggest funds “we haven’t seen it popping up anywhere we haven’t seen any japanese insurance companies going bust” a recent survey from etoro showed that many retail investors are ready to put money back to work in the stock market despite last year’s pain the sp 500 has gained just over 2 to start the new year but the latest week has delivered worrying data on the economic front and investors worry the federal reserve’s inflation fight could lead to recession the index is down about 17 so far this week tangen cautioned that the reopening of china’s economy after covid restrictions were lifted in december could repressure us inflation and that another round of interest rate increases from the federal reserve is “not that unlikely” the mammoth norway fund ended 2022 down 14 said tangen who added that a focus on energy stocks and away from initial public offerings helped it avoid the 20 loss seen in global stocks last year “we thought back in 2021 that the quality of initial public offerings was very very poor” tangen “when times are really frothy you get a lot of crap coming to market” he also said investors failed to heed warnings from market excesses in the crypto space last year saying the “froth” was there for all to see”when you see digital artworks changing hands for 69 million that sends a flashing light that money is too easy and there’s something strange going on you have to wake up and see what’s going on” bitcoin got off to a stronger start in 2023 but that move has been fading as of late after the collapse of bitcoin values in 2022 and the bankruptcy of crypto exchange ftx investors may be dealing with more strife as crypto lender genesis reportedly plans to file for bankruptcy as early as this week tangen didn’t provide much guidance on where the fund plans to put money to work in 2023 but said the country’s finance ministry is looking at whether private equity would be viable and it might work in the coming years he said one advantage of the asset class is that it could see valuations resetting lower such as what’s been seen in public markets with writedowns to be expected

shares of ch robinson worldwide inc chrw shed 136 to 9979 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 200 to 399734 and dow jones industrial average djia falling 206 to 3312959 this was the stocks third consecutive day of losses ch robinson worldwide inc closed 2144 short of its 52week high 12123 which the company reached on august 25th despite its losses the stock outperformed some of its competitors tuesday as old dominion freight line inc odfl fell 342 to 34270 expeditors international of washington inc expd fell 557 to 10520 and jb hunt transport services inc jbht fell 231 to 18400true trading volume 12 m remained 392906 below its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

feb 25 reuters british realestate portal rightmove rmvl said on friday it expects transaction levels to return to prepandemic levels this year dispelling concerns about a slowdown driven by rising inflation and a higher cost of living the ftse100 firm which runs the countrys largest property website said operating profit for the year ended dec 31 was 2261 million pounds 30325 million compared with 1351 million pounds a year earlier reporting by aby jose koilparambil in bengaluru editing by devika syamnath

instead of snapping selfies at the white house some tourists to the us capital got a taste of real washington political drama thursday former president donald trumps court hearing attracted protesters security officials news media and visitors whose summer vacations suddenly included a piece of historyinthemaking the scene outside the e barrett prettyman judicial building was kind of a spectacle said tom kerr visiting from massachusetts the 78yearold and his wife gayl kerr had planned their trip before the indictment against trump was unsealed earlier this week and decided to take advantage of the timing to sneak a peek we were walking around looking at the buildings and knew that we were close by so we thought well well walk to this corner and just see whats happening gayl 76 told afp its a national event whether you like it or not she added but the couple did not plan to stick around the police tape and tv broadcast vans for long trying to catch a ride to visit the citys riverfront instead several other tourists were also squeezing in a quick view of the courthouse between other attractions including dave werner who had brought his 12yearold son liam along on a business trip were doing touristy stuff the 52yearold from houston texas explained adding that the duo had just come from the national archives and were on their way to the supreme court but young news junkie liam insisted they add the court to their itinerary hoping to perhaps catch a glimpse of trumps motorcade ive dragged my dad back to this courthouse three times already he told afp adding that hed be focused on the proceedings all day we wanted to see it its a little bit of being part of history dave said also worrying about how the case could get politicized i wish the whole thing had never happened i wish trump had not taken the actions he did that would cause the government to take these actions he said but we have to go through it now thursdays hearing is the 77yearold trumps first appearance on four felony counts in special counsel jack smiths efforts to prove he tried to fraudulently hang on to power even after losing the white house to president joe biden the case is only one arm of the multiple legal troubles threatening the former real estate mogul political science student camille decont and her father francois paolini 50 said they have watched the whole story unfold from their native france the trump case is a worldwide issue paolini said especially because what happens in the united states can have international implications its quite impressive decont 19 said of the scene only blocks from the capitol where a mob of trump supporters violently interrupted proceedings to certify the 2020 election on january 6 2021 seeing where it happens makes it really real she added

truist analyst youssef squali lowered his price targets and revenue estimates on some internet giants saying they aren’t immune to the negative effects of a surging us dollar and slowing economy squali said that while he believes amazoncom inc amzn and googleparent alphabet inc googl goog are positioned well to withstand the current macroeconomic turbulence and “emerge stronger from it” their results will still likely be pressured in the short term he trimmed amazon’s stock price target to 170 from 180 and lowered his target on alphabet’s stock to 136 from 145 squali also lowered his thirdquarter revenue estimates for amazon to 1250 billion from 1267 billion and for alphabet to 701 billion from 712 billion “we’ve updated our estimates to reflect growing headwinds from fx along with greater probability of a mild recession in 2023” squali wrote in a note to clients fx refers to foreign exchange or currency translation also read ‘we are in deep trouble’ billionaire investors druckenmiller believes fed’s monetary tightening will push the economy into recession in 2023 meanwhile he reiterated the buy ratings he’s had on amazon and alphabet for at least the past three years saying that with valuations at 10year lows the market has already discounted much of the lowered outlooks amazon’s stock has tumbled 299 year to date and alphabet shares have shed 315 while the sp 500 index spx has declined 224 a rising dollar can hurt results of multinational companies because it reduces the value of revenue and profit earned overseas and the ice us dollar index dxy which tracks the dollar against a basket of currencies of its largest trading partners has run up 180 year to date which already puts it on track for a record calendaryear gain it closed at a 20year high on tuesday read more a surging us dollar is creating an ‘untenable situation’ for the stock market warns morgan stanley’s wilson amazon recorded 3072 billion in international sales during the quarter ended june 30 or 272 of total revenue while alphabet recorded 3368 billion or 544 of its revenue outside of the us squali also cut his stockprice targets for meta platforms inc meta to 240 from 260 and lowered his thirdquarter revenue estimate to 268 billion from 276 billion but kept the buy rating he’s had on the socialmedia giant for at least the past three years for snap inc snap he kept his rating at hold and his price target at 12 but raised his thirdquarter revenue estimate to 114 billion from 108 billion to reflect “improving trends in digital ad demand” for the platform meta derived 603 of its revenue for the quarter to june 30 from outside of the us while snap revenue from outside the us was 324 of the total meta’s stock has plunged 585 this year while snap shares have plummeted 774

powell says the fed is very aware of problem in commercial real estate stocks gave up a little ground with the sp 500 and dow jones industrial average flipping into negative territory for the day after federal reserve chairman jerome powell said the central bank was monitoring the growing pressure the commercial real estate sector has come under its really which banks have concentrations high concentrations of real estate and that is not seen in the large banks its seen in some of the smaller banks powell said in a response to a lawmakers question powell added that the fed was working with banks it had identified as being potentially at risk because of their exposure to commercial real estate were very aware and were focused on the problem he said

shares of waste connections inc wcn dropped 203 to c15994 monday in what proved to be an allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 307 to 1999969 this was the stocks seventh consecutive day of losses waste connections inc closed c2361 short of its 52week high c18355 which the company achieved on april 8th trading volume of 411528 shares eclipsed its 50day average volume of 371213 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

spains inflation rate eased more than expected in march reaching its lowest level in 20 months as energy prices sank from a year earlier when russias invasion of ukraine sent them surging the consumer price indexwhich measures what consumers pay for goods and servicesincreased 31 in march on year measured by european unionharmonized standards down sharply from the 6 onyear rise registered in february preliminary data from the spanish statistics office ine showed thursday this marks the lowest inflation rate since july 2021 and came in below the 42 expected by economists in a poll from the wall street journal the consumer price index rose 33 in march by national standards easing from the 6 increase seen in february the marked decrease in annual inflation was mainly driven by lower energy prices than a year before when the war in ukraine began electricity and fuel prices fell in march while they increased the same month a year earlier ine said core inflationwhich exclude the more volatile categories of food and energyslowed slightly to 75 in march from 76 in february compared with the previous month consumer prices rose 04 by national standards and increased 11 by euharmonized standards ine said spanish inflation is expected to average 37 in 2023 down from 49 previously anticipated according to projections from the bank of spain however core inflation is expected to ease at a slower pace than headline inflation according to the banks march economic bulletin

a lack of homes for sale in the us is dragging the housing market according to a new report from realtorcom though the number of homes for sale rose new listings remained scarce in march according to the company’s march report the increase in the number of homes for sale is “a reflection of more time spent on the market” the company said rather than new sellers joining the fray aside from high mortgage rates which push up the cost of homeownership for wouldbe buyers a lack of homes will likely affect home sales as buyers are left with few options the supply of active listings for sale rose nearly 60 this march compared to last year but it’s still nearly 50 below prepandemic levels newlylisted homes for instance continued to fall in march by 20 compared to this time last year last month that number only fell by 159 listings are growing the most in the south by 127 and within the 50 biggest us metro areas the most growth was noted in austin texas where active inventory grew by 312 followed by raleigh nc where inventory grew by 274 only three markets in the top 50 had inventory declines on a yearoveryear basis including milwaukee wis hartford conn and new york ny realtorcom also found that more buyers are back in the market but not at the same levels as a year before “signs show that buyers are active in the spring housing market even if they aren’t as numerous as they were during the pandemic” danielle hale chief economist for realtorcom said in a statement “amid fewer new choices on the market and still rising home prices home shoppers have shown that they are very rate sensitive only jumping back in the market when rates dip and so what happens with rates this spring will likely play a strong role in determining whether the housing market bumps along or picks up speed this year” she added in march a typical home spent 54 days on the market that’s 18 days longer than the same time last year but prepandemic such as between 2017 and 2019 homes spent even longer on the market on average realtorcom is operated by news corp subsidiary move inc and marketwatch is a unit of dow jones also a subsidiary of news corp

sydneylink administration shares fell sharply early friday after the company announced it had lost a pension fund client shares in australian recordkeeping technology and informationsolutions company fell 76 to 179 australian dollars us118 in morning trade making it the sessions worst performer on the asx200 so far link on friday said that australian pension fund hesta would not be renewing its fund administration contract and planned to transition out by 2q of fy 2025 hesta accounts for around 4 of links fy 2023 estimated group revenue it said still link reaffirmed its fy 2023 guidance provided in february and said it now expected operating earnings before interest and taxes growth to be slightly above the upper end of the 1012 guidance range link last month said it had entered into a contract with another australian pension fund named rest link shares are down 92 so far this year

shares of monster beverage corp mnst inched 082 higher to 10215 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 075 to 385297 and the dow jones industrial average djia rising 040 to 3326977 the stocks rise snapped a twoday losing streak monster beverage corp closed 250 short of its 52week high 10465 which the company reached on december 2nd trading volume 17 m remained 470913 below its 50day average volume of 22 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

new delhi feb 18 reuters asias naphtha crack logged a weekly loss of more than 5 on friday after prices cooled off due to a decline in crude oil benchmarks the refining profit margin for naphtha slipped to 15555 a tonne down 295 from the last session but the downside remained limited as european inventories shrank stocks held in independent storage in the amsterdamrotterdamantwerp ara refining and storage area dropped by 177000 tonnes in the week to feb 17 from 238000 tonnes in the prior week data from dutch consultancy insights global showed gasoline stocks also declined to 1198 million tonnes from 1217 million tonnes last week indias mrpl offered a 35000 tonnes of latemarch loading cargo of the higher 95octane grade gasoline indias crude oil imports in january slipped from oneyear highs hit in the previous month though fuel demand is expected to recover as several states ease coronavirus restrictions after a decline in cases

shares of news corp cl a nwsa slipped 134 to 1988 thursday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 047 to 3522518 and the sp 500 index spx falling 068 to 453487 this was the stocks second consecutive day of losses news corp cl a closed 181 short of its 52week high 2169 which the company achieved on february 2nd despite its losses the stock outperformed some of its competitors thursday as alphabet inc cl c goog fell 265 to 11953 alphabet inc cl a googl fell 232 to 11920 and amazoncom inc amzn fell 399 to 12996 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 whirlpool corp whr rose 177 to 23003 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 095 to 471202 and the dow jones industrial average djia rising 060 to 3597099 the stocks rise snapped a twoday losing streak whirlpool corp closed 2765 short of its 52week high 25768 which the company achieved on may 10th the stock outperformed some of its competitors friday as general electric co ge fell 090 to 9695 trading volume 553490 remained 86732 below its 50day average volume of 640222 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

this week in economics was marked by insightful comments strategic moves and a few concerns from warren buffett’s resurfaced solution for the us deficit to paul krugman’s question about june inflation the economic landscape continues to evolve let’s delve into the details as the us debt balloons to record levels warren buffett’s 5minute fix for the us deficit has resurfaced the billionaire investor’s solution has sparked a debate about the best ways to manage the country’s growing debt read the full article here nobel laureate paul krugman has raised a question about the june inflation print he wonders if it’s just another head fake or a real concern stating that history makes him nervous his comments have added to the ongoing discussions about inflation read the full article here while many are worried about a potential recession jamie dimon is concerned about bigger threats like nuclear blackmail the ceo of jpmorgan chase jpm has a unique perspective on the economic challenges facing the world read the full article here major us banks including goldman sachs gs jp morgan jpm and wells fargo wfc have reportedly written off 5bn in loans this move has significant implications for the banking sector and the broader economy read the full article here speculation about a rate hike has cooled as us producer inflation softens economists are predicting a slower pace of tightening by the federal reserve which could have a significant impact on the economy read the full article here you can read more on benzingas economic coverage by following this link

shares of eog resources inc eog took a 11 dive 1080 to 11794 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 320 to 399124 and dow jones industrial average djia falling 199 to 3224570 eog resources inc closed 1441 below its 52week high 13235 which the company reached on may 6th the stock demonstrated a mixed performance when compared to some of its competitors monday as conocophillips cop fell 974 to 9720 pioneer natural resources co pxd fell 955 to 24439 and occidental petroleum corp oxy fell 1093 to 5784 trading volume 70 m eclipsed its 50day average volume of 46 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 kraft heinz co khc rallied 289 to 3661 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 245 to 376479 and the dow jones industrial average djia rising 215 to 3053025 the stocks rise snapped a twoday losing streak kraft heinz co closed 826 below its 52week high 4487 which the company reached on may 10th the stock outperformed some of its competitors tuesday as pepsico inc pep rose 232 to 16071 mondelez international inc cl a mdlz rose 173 to 5982 and general mills inc gis rose 245 to 6785 trading volume 71 m remained 18 million below its 50day average volume of 89 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 hartford financial services group inc hig slid 017 to 7784 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 031 to 398224 and the dow jones industrial average djia rising 022 to 3288909 the stocks fall snapped a twoday winning streak hartford financial services group inc closed 160 short of its 52week high 7944 which the company achieved on january 6th the stock underperformed when compared to some of its competitors monday as blackrock inc blk fell 005 to 68306 t rowe price group inc trow rose 126 to 11155 and american international group inc aig rose 080 to 6065 trading volume 13 m remained 362491 below its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

singapore shares in japan looked set for a positive monday start as investors in asia react to chinas trade data released over the weekend futures pointed to a higher open for japanese stocks the nikkei futures contract in chicago was at 29750 while its counterpart in osaka was at 29680 that compared against the nikkei 225s last close at 2961157 australian stocks dipped in morning trade with the spasx 200 shedding about 01 official data released over the weekend showed chinas exports surging 271 in october as compared with a year ago that was higher than the 245 growth forecast by analysts in a reuters poll the us dollar index which tracks the greenback against a basket of its peers was at 94242 after recently declining from levels above 945 the japanese yen traded at 11352 per dollar stronger than levels above 114 seen against the greenback last week the australian dollar changed hands at 07397 after last weeks drop from above 075

shares of western union co wu slipped 248 to 1376 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 249 to 389575 and dow jones industrial average djia falling 225 to 3320222 this was the stocks second consecutive day of losses western union co closed 664 short of its 52week high 2040 which the company reached on february 16th

saudi arabia’s stocks offer some of the best buying opportunities in emerging markets if investors look beyond oil according to a topperforming fund manager the kingdom’s initiatives to reduce its economic reliance on crude will boost the market even as the global backdrop may be challenging says fiera capital’s dominic bokoringram who has doubled his fund’s exposure to saudi stocks to 20 his em fund has beaten 99 of peers this year according to data compiled by bloomberg while the middle eastern nation’s stock fortunes have long moved in sync with crude prices shares of healthcare tech and insurance firms are surging in the tadawul all share index this year the benchmark itself has rallied 12 outperforming emergingmarket gauges “the cultural economic and social reforms that are happening are almost unprecedented certainly in my career and this is leading to huge growth in the nonoil sectors of the saudi economy” bokoringram who manages 11 billion in developingnation equities said by phone fiera capital overall has 122 billion under management the fiera oaks em select fund formed in 2021 has returned about 29 this year roughly three times that of the msci emerging markets index crown prince mohammed bin salman’s plan to transform the oildependent gulf kingdom is a key support to the saudi stock market with companies benefiting from government contracts for mega projects investments by local companies and a push to take more firms public saudi arabia was the fastestgrowing among the group of 20 economies in 2022 helped in part by strong expansion of its nonoil sector in the final quarter “these are growth rates that you don’t find in any country pretty much anywhere in the world that’s investible and that you haven’t really found in an emerging market since china in the 1990s” said londonbased bokoringram the growth is set to slow this year with the international monetary fund downgrading saudi arabia’s forecast by the most among major economies citing oil production cuts announced earlier this year that shouldn’t deter investors betting on the longerterm structural shift in the saudi economy according to bokoringram who held senior positions at goldman sachs group inc and morgan stanley before joining fiera capital in 2013 the imf forecast is “not useful when looking at the growth driver of the saudi economy which is more and more the nonoil sector” he said “it is this part of the economy that we are invested in and where we see very significant growth regardless of recent moves in the oil price” supporting the bull case for gulf stocks is investors’ underexposure to the region equities in the middle east and north africa could see 50 billion of inflows over the medium term if emergingmarket investors move to market weight from underweight goldman sachs analysts wrote in early july bokoringram declined to name individual investments but favors sectors like outdoor advertising that stand to benefit the most from transformation plans while such businesses were previously challenged by restrictions on social life they are now supported by an expansion in cinema complexes amusement parks entertainment and sports venues he notes as of endjune his fund’s top holdings included arabian contracting services co the outdooradvertising firm known as alarabia as well as utility alkhorayef water power technologies co read more saudi arabia looks to invest billions in media and entertainment beyond saudi arabia fiera capital’s biggest emergingmarket bet is vietnam citing strong economic growth prospects and undervalued stocks it also has investments in other gulf nations including kuwait qatar and the united arab emirates

shares of union pacific corp unp dropped 020 to 19630 monday on what proved to be an allaround positive 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 fall snapped a twoday winning streak union pacific corp closed 8264 below its 52week high 27894 which the company achieved on march 31st the stock underperformed when compared to some of its competitors monday as canadian national railway co cni rose 076 to 12015 csx corp csx rose 111 to 2996 and norfolk southern corp nsc rose 078 to 23563 trading volume 38 m eclipsed its 50day average volume of 32 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 hormel foods corp hrl shed 059 to 5040 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 071 to 457552 and the dow jones industrial average djia rising 027 to 3495589 the stocks fall snapped a threeday winning streak hormel foods corp closed 279 short of its 52week high 5319 which the company reached on march 7th the stock underperformed when compared to some of its competitors monday as tyson foods inc cl a tsn fell 018 to 8677 conagra brands inc cag fell 018 to 3283 and jbs sa adr jbsay rose 133 to 1520 trading volume 19 m remained 338431 below its 50day average volume of 22 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

sign up for our middle east newsletter and follow us middleeast for news on the region saudi tadawul group surged on its trading debut in riyadh after the stock exchange raised 1 billion from an initial public offering

the number of people filing for unemployment benefits hovered around lowest levels in five decades last week as firms struggle to remain fullystaffed amid a resurgent pandemic initial jobless claims a proxy for layoffs totaled a seasonallyadjusted 207000 for the week that ended jan 1 the labor department said thursday the fourweek average for claims which smooths out volatility was 204500 that was a slight increase from last months level which was the lowest since 1969

shares of cms energy corp cms shed 046 to 5863 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 112 to 414558 and dow jones industrial average djia falling 069 to 3305551 cms energy corp closed 1334 short of its 52week high 7197 which the company reached on june 7th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as duke energy corp duk fell 133 to 9075 southern co so rose 028 to 7115 and exelon corp exc rose 080 to 4044 trading volume 16 m remained 589571 below its 50day average volume of 22 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

big lots inc shares s big rose 26 premarket tuesday after the wholesaler posted a narrowerthanexpected secondquarter loss and sales that edged ahead of consensus the columbus ohiobased company had a net loss of 842 million or 291 a share for the quarter to july 30 after earnings of 377 million or 109 a share in the yearearlier period excluding an aftertax charge relating to store asset impairment charges the companys adjusted loss was 228 a share narrower than the 247 loss per share factset consensus sales fell 76 to 135 billion from 146 billion just ahead of the 134 billion factset consensus samestore sales fell 92 while factset was expecting a decline of 98 we remain laser focused on helping our customers navigate these challenging times by delivering outstanding value across our assortment chief executive bruce thorn said in a statement the company brought down inventories materially versus the first quarter and is on track to rightsize inventory by the fourth quarter he said looking to the third quarter the company is expecting samestore sales to be down in the low doubledigit range it expect net net stores to add about 140 basis points of growth compared with 2021 it also expects continued significant promotional activity resulting in a gross margin rate into the mid03s and that sga dollars will grow in the low single digits shares have fallen 52 in the year to date while the sp 500 spx has fallen 15

shares of adobe inc adbe inched 012 higher to 33692 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 040 to 382414 and dow jones industrial average djia falling 003 to 3313637 adobe inc closed 22738 short of its 52week high 56430 which the company achieved on january 4th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as apple inc aapl fell 374 to 12507 microsoft corp msft fell 010 to 23958 and alphabet inc cl c goog rose 109 to 8970 trading volume 22 m remained 11 million below its 50day average volume of 33 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 eog resources inc eog inched 071 higher to 12257 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 085 to 451004 and the dow jones industrial average djia rising 014 to 3439514 this was the stocks third consecutive day of gains eog resources inc closed 2831 below its 52week high 15088 which the company reached on november 4th the stock outperformed some of its competitors thursday as pioneer natural resources co pxd fell 033 to 21520 devon energy corp dvn rose 004 to 5111 and occidental petroleum corp oxy rose 020 to 6144 trading volume 28 m remained 728510 below 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

shares of keycorp key advanced 254 to 1048 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 069 to 436901 and the dow jones industrial average djia rising 043 to 3421212 keycorp closed 982 short of its 52week high 2030 which the company reached on february 2nd the stock outperformed some of its competitors tuesday as bank of america corp bac rose 093 to 2940 wells fargo co wfc rose 196 to 4265 and citigroup inc c rose 050 to 4869 trading volume 193 m remained 51 million below its 50day average volume of 244 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 western union co wu inched 082 higher to 1225 monday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 005 to 413812 and the dow jones industrial average djia falling 017 to 3361869 this was the stocks fourth consecutive day of gains

bed bath beyond stock is falling again on tuesday with the retailer’s rollercoaster ride hitting new lows amid renewed bankruptcy fears—and another analyst price target cut that begs the question—why bother jefferies analyst jonathan matuszewski who has a hold rating on bed bath beyond shares ticker bbby cut his target to 50 cents from 3 on tuesday to account for the company’s fourthquarter outlook an update that sent the shares below 1 last week shares are down 4 cents to 35 cents in tuesday morning trading

the us is forecast to add 150000 new jobs in january according to economists polled by the wall street journal yet many investors are bracing for potentially the first decline in employment in 13 months after millions of workers in january got sick from omicron the unemployment rate is expected to remain flat at 39 the report comes out at 830 am eastern

shares of edison international eix slid 003 to 5863 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 034 to 452003 and dow jones industrial average djia falling 076 to 3510000 this was the stocks second consecutive day of losses edison international closed 805 short of its 52week high 6668 which the company achieved on november 18th despite its losses the stock outperformed some of its competitors tuesday as american electric power co inc aep fell 166 to 8891 xcel energy inc xel fell 272 to 6790 and sempra sre fell 090 to 13221true trading volume 14 m remained 388377 below its 50day average volume of 18 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of nike inc cl b nke sank 017 to 14514 monday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 000 to 3509113 and the sp 500 index spx falling 037 to 448387 nike inc cl b closed 3396 below its 52week high 17910 which the company reached on november 5th the stock demonstrated a mixed performance when compared to some of its competitors monday as adidas ag adr addyy fell 085 to 13752 deckers outdoor corp deck fell 250 to 29617 and skechers usa inc cl a skx rose 119 to 4496 trading volume 39 m remained 22 million below 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

do you think the market action the price action make more sense on wednesday or on thursday of course its easy to say that yesterday made most sense i suppose given its the most recent action but coming back after a couple of days with a bit of a bit of distance i suppose what do you make of the price action of the last few days its a great question its always very easy for me to commentate because i wasnt here yesterday i wonder what it was said yesterday morning but to me thursdays price action made much more sense i didnt get how powell ruling out 75 basis points in the face of the biggest inflation wave in 40 years was any anyway good news hes basically tying one hand behind his back to counteract the main problem he has to counteract to me that power meeting wasnt big news it was no real shot 50 basis points is expected thats what price did no real surprise but if i take anything away it was a little bit of a negative and then stocks rallied it did not seem to make any sense so i thought thursdays price action made much more sense and overall the net the two days the net price action makes a lot of sense there are seeing longer and yields go a little bit higher because power is being a little bit more dovish the front end a little bit negative for stocks overall slightly more positive for dollar a little bit more risk aversion and again the bigger backdrop is were in a bear market for us stocks im interested to see what our guests have to say throughout the day really about commodities and where we are on the commodity story because yes those in the markets had to often have told us over recent months that you know the fundamentals still add up to a tight market and its easy to see that with war in ukraine but then there are real growth concerns not just in china also in the uk and for summit the ecb in europe as well look im really curious note a guess as well because i find this dynamic very hard to know commodities in the short to medium term its all about supply demand i mean overall periods over supply demand but supply and demand dont just react to the micro elements of an individual commodity industry to react to the macro elements and thats really about the global growth picture the liquidity picture and we know liquidity is tightening because of higher yields we know the global demand picture is turning more negative so both those issues supply and demand are making it harder for commodities on a longer term macro picture now that the micro fundamentals of each commodity market at the moment remain very bullish as you say how do those two things play out i think at some point youve got to be looking for this amazing commodity rally of the last two years to run out of steam when exactly i dont know i dont even ask you on the markets life blog the question of the day around nonfarm payrolls we get the jobs report later on today whether there is anything that can be contained within that report there will reignite risk appetite i wonder what what your thoughts are i dont agree i dont think theres anything today that we can take away as good news you know we like some short term volatility might get some short term bounce but it doesnt change the narrative we have an inflation problem financial conditions need to get significantly tighter over the rest this year and thats going to be bad news for stocks so i think that next week people are going to be focused still on powell on the right story theyre not going to be paying attention to the details the jobs data out of later on today ok so well focus on that jobs data as we make our way through friday remember you can get up to date analysis and insight from marc and the rest of the marcus live team lots of detail there on the gains we saw on wednesday the sell off yesterday and the runup to the jobs report emily chang go that is the firm since he is on the town of

shares of xylem inc xyl rallied 457 to 9537 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 067 to 409119 and dow jones industrial average djia falling 123 to 3239617 xylem inc closed 4341 short of its 52week high 13878 which the company achieved on september 2nd the stock outperformed some of its competitors tuesday as thermo fisher scientific inc tmo fell 060 to 58604 idex corp iex fell 081 to 20662 and graco inc ggg fell 082 to 6645 trading volume 21 m eclipsed its 50day average volume of 10 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 emerson electric co emr slipped 031 to 8935 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 004 to 437686 and dow jones industrial average djia falling 022 to 3385266 emerson electric co closed 1030 short of its 52week high 9965 which the company reached on january 9th despite its losses the stock outperformed some of its competitors wednesday as honeywell international inc hon fell 041 to 20250 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

automaker ford motor co f is reportedly eyeing a new round of layoffs for its us workforce in the coming weeks what happened the layoffs are expected to include us salaried workers from gasengine electric vehicle and software divisions and could be announced as early as next week the wall street journal reported citing people familiar with the matter however the number of layoffs is not known in august last year ford laid off about 3000 staff members including salaried and contract employees from north america and india to concentrate on the ev business in february the company said that it will cut 3800 jobs in europe over the next three years ford did not immediately respond to benzinga’s request for comment why it matters for the fullyear 2022 ford reported a net loss of 2 billion as compared to a profit of 179 billion reported in 2021 however for this year the company sees fullyear adjusted ebit of 9 billion to 11 billion and adjusted free cash flow of around 6 billion it also expects a loss of 3 billion from its ev segment ford model e but despite the expected loss the company expects to touch a global run rate of 600000 electric vehicle units by the end of 2023 and over 2 million by the end of 2026 check out more of benzinga’s future of mobility coverage by following this link read more rivian shows off ‘enhanced trip planning’ a day after acquiring mapping company iternio

shares of imperial brands plc imb inched up 020 to £1739 friday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 080 to 753153 imperial brands plc closed £447 short of its 52week high £2185 which the company reached on november 23 trading volume 14 m remained 10 million below its 50day average volume of 24 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 equifax inc efx rallied 189 to 27226 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 013 to 452268 and dow jones industrial average djia falling 011 to 3536073 this was the stocks third consecutive day of gains equifax inc hit a new 52week high surpassing its previous peak of 26932 which the company achieved on august 27th the stock outperformed some of its competitors tuesday as fidelity national information services inc fis rose 043 to 12777 fiserv inc fisv rose 071 to 11779 and automatic data processing inc adp fell 001 to 20904 trading volume 659653 eclipsed its 50day average volume of 567962 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

novo nordisk dknovob nvo said that it is lowering the prices of several insulin products by up to 75 starting in 2024 the company’s uslisted shares were up about 10 in premarket trading on tuesday the danish drugmaker said it will reduce the price of novolog and novolog mix 7030 by 75 and novolin and levemir by 65 the move follows eli lilly’s announcement that it also plans to lower the prices of some of its insulin products novo’s stock has gained 38 so far this year while the broader sp 500 spx is up 08

shares of kimberlyclark corp kmb slid 022 to 13681 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 075 to 385297 and the dow jones industrial average djia rising 040 to 3326977 kimberlyclark corp closed 898 short of its 52week high 14579 which the company reached on january 10th the stock underperformed when compared to some of its competitors wednesday as johnson johnson jnj rose 109 to 18013 and procter gamble co pg rose 044 to 15223 trading volume 16 m remained 8928 below its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

enel spa said late friday that it has signed a 12 billion euros 1276 billion revolving credit facility with a group of banks to fund the collateral requirements for its energymarket trading activities the italian utility said the credit facilityguaranteed by the italian export credit agency sace spa for up to 70 of its nominal amounthas a term of about 18 months the revolving credit facility is part of a structured course of action to protect italys energy system aimed at providing sector operators with an additional tool for managing the risks associated with the very large size reached by the contracts stipulated to cover industrial positions socalled margining due to the continuing volatility of the energy markets as a result of the crisis it said the company said the deal is in line with the european commissions temporary crisis framework for state aid to support the economy during the russiaukraine war the credit facility doesnt have any effect on its net financial debt enel said the company had around eur247 billion in liquidity at the end of september it said

oil futures finished sharply higher on friday prompting us prices to turn higher for the month of april buoyed by expectations for tighter supplies speculation over a potential rescue for troubled first republic bank also supported prices as banking issues have weighed on the economic outlook and in turn the prospects for energy demand a monthly report from the energy information administration showing that us petroleum demand hit the highest level since november 2022 while production fell to the lowest since december 2022 gave the oil market a boost phil flynn senior market analyst at the price futures group told marketwatch exxons chief executive officer also reportedly said that he expects higher prices and that gasoline demand looks reasonable said flynn so the weak demand mantra isnt holding water on friday the other news was speculation of a bailout for first republic bank which is one of the reasons why oil was so weak flynn said if that happens the odds of the federal reserve raising interest rates goes down a bit and that should support oil also readnatural gas hysteria cools just as demand is expected to heat up this week crude futures this week filled the gap left on the daily price chart early this month after saudi arabia and its opec allies announced 115 million barrels in additional production cuts beginning in may running through yearend with russia pledging to extend a 500000 barreladay cut through the rest of 2023 while 115 million barrelsaday in cuts are set to kick in next week its unlikely to push prices up again immediately said barbara lambrecht commodity analyst at commerzbank in a note after all the high russian oil export figures are raising doubts about whether russia has really reduced its production so far by as much as it had announced and for another thing considerable concerns about demand are likely to remain given that sentiment indicators in neither the us nor china will probably be able to dispel them she wrote naeem aslam chief investment officer at zaye capital markets pointed out that the us gdp data came in weaker than expected and the fed is likely going to increase interest rates further at its meeting next week this means that economic growth will slow even further he told marketwatch even so traders should be very careful if they believe oil prices will decline because opec isnt going to allow another rout said aslam taking a look at the bigger picture oil prices had dropped in march from the low 80s to the low 70s on the banking crisis which raised concerns about global growth said jay hatfield chief executive officer at infrastructure capital management during april oil recovered to the 80 range mostly due to opecs surprise production cut announced in early april he said infrastructure capital management forecasts a trading range of 75 to 95 for oil prices this year as the commodity is supported by the reopening of china strong demand for travel driven by lower prices and continued production restraint from opec said hatfield this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal

the contentdelivery and securitiy software company akamai posted betterthanexpected financial results as it continues to gear up to take on amazoncom microsoft and alphabet in the cloud computing business for the fourth quarter akamai ticker akam reported revenue of 928 million up 2 from a year ago and ahead of both the company’s forecast range of 890 million to 915 million and the wal street consensus call of 903 million on an adjusted basis akamai earned 137 a share likewise above both the forecast range of 123 to 130 a share and the street consensus of 127

growth in texas factory output slowed in october compared with the previous month amid severe supplychain bottlenecks according to data from the federal reserve bank of dallas released monday the production index of the texas manufacturing outlook survey a key measure of state manufacturing conditions decreased to 183 in october from 242 in september the reading signals solid output growth the dallas fed said the index for general business activitywhich assesses broader business conditions in the manufacturing sectorrose to 146 from 46 the prior month the indicator came in above economists forecasts who polled by the wall street journal expected it to be at 65 any level above zero signals growth the industrial sector continues to grow across the us amid strong demand despite that supplychain bottlenecks and labor shortages are constraining output surveys across the country show other measures of manufacturing activity also indicated notable growth although movements compared with the previous month were mixed the dallas fed said the surveys demand indexes rose suggesting demand for goods remains strong the new orders index increased to 149 and the growth rate of orders index climbed to 136 the shipments and capacity utilization indexes slipped slightly to 138 and 201 respectively the data showed supplychain disruptions were widespread according to the survey the delivery time index edged up to 259 while the unfilled orders index rose to 209 we are unable to secure enough raw materials to meet our growth demand from customers a respondent from the chemical manufacturing sector said labor market measures indicated robust employment growth and longer workweeks the employment index increased to 283 a sixmonth high and the hours worked index was largely steady at 185 prices continued to increase at a robust pace the raw materials prices remained near an alltime high but edged down to 763 while the finished goods prices index rose to a new high of 498 expectations regarding future manufacturing activity improved in october the future general business activity index rose to 150 and the future production index increased to 468 the dallas fed said

aug 31 reuters canadian stocks rose on tuesday with the benchmark tsx index on course for its seventh straight month of gains on optimism over a global economic recovery supported by stimulus measures and vaccination at 0930 am et 1330 gmt the toronto stock exchange’s sptsx composite index was up 3141 points or 015 at 2062638 reporting by sruthi shankar in bengaluru

powered by positive momentum for shares of verizon and unitedhealth the dow jones industrial average is trading up tuesday morning shares of verizon vz and unitedhealth unh have contributed to the bluechip gauges intraday rally as the dow djia was most recently trading 119 points or 03 higher verizons shares have risen 112 or 35 while those of unitedhealth have risen 901 19 combining for an approximately 67point boost for the dow walt disney dis goldman sachs gs and amgen amgn are also contributing significantly to the gain a 1 move in any one of the 30 components of the benchmark 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 corbus pharmaceuticals holdings inc crbp slipped 525 to 686 wednesday on what proved to be an allaround poor trading session for the stock market with the nasdaq composite index comp falling 217 to 1397345 and dow jones industrial average djia falling 098 to 3528252 corbus pharmaceuticals holdings inc closed 631 short of its 52week high 1317 which the company achieved on april 19th the stock underperformed when compared to some of its competitors wednesday as vanda pharmaceuticals inc vnda fell 248 to 550 fortress biotech inc fbio rose 313 to 058 and viking therapeutics inc vktx fell 177 to 1391 trading volume 7202 remained 13731 below its 50day average volume of 20933 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

signature bank and silvergate capital two financial companies with exposure to the digital currency universe have seen their share prices fall sharply since cryptocurrency broker ftx blew up nearly one month ago analysts have responded with downgrades of both signature bank sbny and silvergate capital si in recent days neither company directly buys or sells digital currencies which has insulated them from the volatility in crypto prices but the pair provides services to the digital currency world as regulated banks signature bank has been a depositholder for digital currencies but does not lend on digital assets or custody any digital assets it also offers traditional deposit banking including cash and treasury management services to institutional customers silvergate runs the silvergate exchange network which offers realtime us dollar and euro settlement services between counterparties for crypto exchanges such as coinbase global inc coin and bitstamp signature bank and silvergate capital have chalked up doubledigit percentage losses since ftx ran into a cash crunch and filed for bankruptcy on nov 11 see chart this week signature bank disclosed plans to limit its digital currencyrelated deposit exposure to less than 20 of total deposits and run off between 8 billion and 12 billion of deposits in the next several months over time the bank plans to reduce its exposure to under 15 of deposits on wednesday raymond james cut its rating on signature bank to market perform from strong buy after the lender disclosed plans to diversity its business and limit its exposure to digital currencies “while we remain bullish on the bank’s longterm prospects to produce superior loan growth operating efficiency and credit metrics we see nearto intermediateterm headwinds related to its balance sheet initiatives” analyst david j long said in a research note the bank’s plan to diversify its business model will likely result in slower growth and net interest margin compression long said signature bank’s largest lending portfolio capital call lines of credit “will remain stagnant or potentially decline as it focuses on deposit gathering within its fund banking business” long said morgan stanley analyst manan gosalia on monday downgraded silvergate capital to equal weight from overweight amid volatility in the bank’s digital deposit base which makes up about 23 of its total deposit base “as clients withdraw their deposits either to manage their own liquidity or if they move to the sidelines until the volatility plays out silvergate faces pressure on both their net interest margins nim and net interest income nii as they would need to fund deposit outflows with securities sales and more expensive wholesale borrowing” gosalia said to be sure not all analysts are souring on silvergate on tuesday wedbush analyst david chiaverini reiterated its outperform rating on silvergate chiaverini said a letter from the company explaining its dealings with ftx and trading unit alameda research acted in accordance with banking industry practices “the burden of the ftx fraud and ftx’s misappropriation of funds is borne by ftx not silvergate in our view” chiaverini said the letter came after sen elizabeth warren requested information about its ftx relationship

shares of american water works co awk inched 060 higher to 15242 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 158 to 407163 and dow jones industrial average djia falling 102 to 3353083 this was the stocks fifth consecutive day of gains

shares of dexcom inc dxcm sank 071 to 64195 monday on what proved to be an allaround grim 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 the stocks fall snapped a twoday winning streak dexcom inc closed 759 below its 52week high 64954 which the company achieved on november 3rd the stock demonstrated a mixed performance when compared to some of its competitors monday as johnson johnson jnj fell 090 to 16352 abbott laboratories abt rose 077 to 12944 and medtronic plc mdt fell 145 to 11758 trading volume 283330 remained 228049 below its 50day average volume of 511379 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 intel corp intc slipped 195 to 2922 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 064 to 410990 and dow jones industrial average djia falling 101 to 3301214 intel corp closed 1571 short of its 52week high 4493 which the company reached on june 1st the stock underperformed when compared to some of its competitors tuesday as nvidia corp nvda rose 090 to 29213 trading volume 228 m remained 210 million below its 50day average volume of 438 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 eversource energy es sank 035 to 8373 tuesday on what proved to be an allaround rough 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 eversource energy closed 1090 below its 52week high 9463 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as nextera energy inc nee rose 125 to 8574 southern co so fell 038 to 7005 and dominion energy inc d fell 064 to 6252 trading volume 15 m remained 29076 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

live market coverage coanchored from hong kong and new york overnight on wall street is daytime in asia markets never sleep and neither does bloomberg track your investments 24 hours a day around the clock from around the world

shares of deere co de inched 046 higher to 40955 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 085 to 451004 and the dow jones industrial average djia rising 014 to 3439514 deere co closed 3885 below its 52week high 44840 which the company achieved on november 23rd the stock demonstrated a mixed performance when compared to some of its competitors thursday as caterpillar inc cat rose 089 to 25586 cnh industrial nv cnhi rose 081 to 1497 and toro co ttc fell 087 to 10400 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 bharti airtel ltd 532454 advanced 156 to 76070 indian rupees monday on what proved to be an allaround positive trading session for the stock market with the sp bse sensex index 1 rising 019 to 5910644 bharti airtel ltd closed 11640 rupees below its 52week high 87710 rupees which the company reached on november 25 the stock underperformed when compared to some of its competitors monday as vodafone idea ltd idea rose 603 to 615 rupees trading volume 50560 remained 53821 below its 50day average volume of 104381 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 german share price index dax graph is pictured at the stock exchange in frankfurt germany june 28 2022 reutersstaff july 7 reuters oil stocks and chipmakers drove european shares higher on thursday with the latter getting a lift from upbeat preliminary results by south koreas samsung while investors awaited minutes of the ecbs meeting for clues on rate hikes the continentwide stoxx 600 index stoxx was up 08 by 0718 gmt after closing 17 higher in the previous session as a strike by norways oil and gas workers came to an end semiconductor firms stmicroelectronics be semiconductors besias asm international asmias asml holding asmlas gained between 24 and 33 after samsung electronics co ltd 005930ks posted its best apriljune profit since 2018 underpinned by strong memory chip sales to server customers read more shares of tenaris tenrmi jumped 54 to power the european oil and gas subindex sxep after jefferies raised its price target on the stock all eyes are on minutes by the european central bank due at 1130 gmt they will come ahead of the july meeting where the ecb is widely expected to raise interest rates by 25 basis points in its effort to tackle soaring inflation reporting by devik jain in bengaluru editing by sherry jacobphillips

shares of relx plc rel inched up 086 to £2572 wednesday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 180 to 758820 relx plc closed £163 short of its 52week high £2735 which the company reached on april 24 trading volume 20 m remained 14 million below its 50day average volume of 34 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

on the anniversary of the doddfrank wall street reform and consumer protection act it is important to recognize the transformative changes that have occurred within the banking industry over the past thirteen years while this legislation was originally aimed to mitigate risks following the 20072008 global financial crisis now comes a time where it is crucial to reassess regulations and adapt to the evolving economic landscape outdated regulations can hinder progress and limit banks ability to respond to emerging challenges and opportunities the importance of continuously updating and appropriately enforcing financial regulations to align with the economic and environmental realities businesses face today has been heightened by recent events in the industry adapting the existing regulations to reflect the current economic environment is crucial one area where regulatory adjustments are necessary involves the federal deposit insurance corporation fdic insured deposit amount the current limit of 250000 established thirteen years ago should be adjusted to reflect the equivalent purchasing power in todays economy indexed to inflation in fact considering the inflation rate this figure should be approximately 375000 today consequently a push to raise the limit to 500000 would not only level the playing field for smaller banks to compete but also restore confidence among the american people that their funds are safe regardless of the size of the financial institution they bank with additionally ensuring that all components of our financial plumbing system including noninterestbearing operating accounts for daytoday activity are fully guaranteed is of utmost importance capital ratio requirements should be examined more closely another crucial aspect of modernizing banking regulations is examining capital ratio requirements federal reserve vice chair michael barr has proposed stricter bank capital requirements including new requirements for banks with more than 100 billion in assets since then the associations responded in a letter to fed chairman jerome powell saying that barr’s review considered only the benefits of higher requirements and none of the costs they also noted that regulators have repeatedly stated that the largest us banks are well capitalized and a source of strength differentiating between large and small banks is vital with big banks necessitating more stringent requirements to mitigate systemic risks small banks require tailored regulations considering their role in local economies striking the right balance between maintaining adequate capital reserves and promoting economic growth is essential regulators should consider interconnectedness unique characteristics and advancements in risk measurement to ensure effective and proportional capital ratios that foster a resilient and prosperous banking sector fintechs need oversight too the proliferation of nonbank financial companies nbfcs and fintechs in recent years has presented new challenges in the financial industry these emerging technologies have rapidly developed innovative products and services that in some cases enhance the client experience offered by traditional banks replacing traditional banks without adhering to the same regulations and oversight as banks raises concerns about safety and soundness in the industry if fintechs want to provide financial services similar to or equal to banks they should be subject to the same regulatory framework failure to do so could lead to a loss of trust in these institutions trust in the guarantee and protection of funds is paramount when utilizing fintech services while regulation may pose challenges it is necessary to maintain the integrity and stability of the banking system in the face of technological advancements reforming and updating banking regulations is paramount but it must be approached with caution and a comprehensive understanding of the current economic landscape rather than rushing to create new regulations the focus should be on effectively and appropriately implementing existing regulations by updating regulations to reflect the changing economic environment and addressing regulatory gaps that expose the system to unnecessary risks the banking sector can foster resilience adaptability and sustainable growth it is time for regulators to collaborate closely with industry stakeholders to strike a balance that underpins the needs of the economy businesses and our communities for the years to come only through continuous adaptation and diligent oversight can the banking industry support todays challenging economy

once the richest person in the world tesla inc tsla and twitter ceo elon musk has become the only person in human history to lose 200 billion in net worth his net worth peaked at 340 billion in november 2021 however musk saw his wealth drop to 137 billion as 2022 came to a close driven by tesla shares falling about 65 last year according to bloomberg last week musk sent a memo to its workers and thanked them for their exceptional execution throughout the year however he downplayed the companys dismal stock performance dont be too bothered by stock market craziness as we demonstrate continued excellent performance the market will recognize that musk wrote in the memo in december musk lost his title as the worlds richest person to bernard arnault the french business magnate and cofounder of luxury goods powerhouse lvmh moet hennessy louis vuitton sa lvmuy also read heres the terrible habit elon musk wants to cut from his morning routine during a recent podcast interaction musk warned against the dangers of borrowing money during a volatile market phase i would advise people not to have margin debt in a volatile stock market and you know from a cash standpoint keep the powder dry bloomberg quoted musk saying on the allin podcast released in december you can get some pretty extreme things happening in a down market according to bloombergs billionaires index musk was forced to sell much of his tesla stock in 2022 due to his 44 billion twitter purchase musk currently owns a 448 billion stake in spacex which is about 422 of the company reports bloomberg

rapt therapeutics inc shares were down 11 to 1894 friday after the company said it priced its previously announced underwritten public offering of 41 million common shares at 1850 a share the south san francisco califbased immunology biopharmaceutical company is offering all shares of common stock and proceeds are expected to be 75 million before deducting underwriting discounts and commissions and estimated offering expenses the underwriters have been granted a 30day option to buy up to an additional 608108 shares at the public offering price less underwriting discounts and commissions the offering is expected to close on tuesday the stock is down 28 in the past three months

bond investors are worrying about the possibility that inflation could rebound again given a us labor market that’s showing no signs of breaking thursday’s data reaffirmed this view with firsttime jobless benefit claims dropping to a twomonth low of 228000 last week one through 30year treasury yields rose after the report and traders boosted the chances of a postjuly interest rate hike by the federal reserve before yearend the treasury yield curve often seen as a reliable harbinger of approaching us recessions turned more deeply inverted ongoing strength in the labor market is translating into expectations that the fed might have to keep raising interest rates which in turn could boost the likelihood of a us recession analysts said lawrence gillum the charlotte ncbased chief fixed income strategist at lpl financial said his firm’s basecase view is that the us is likely to be heading into a mild recession toward the end of the year many others in financial markets however have recently been hopeful that the world’s largest economy can avoid a downturn and that inflation can fade without a meaningful uptick in the unemployment rate which stood at 36 as of june as of thursday “the bond market is looking at the strong labor market and the potential for continued inflation pressures” gillum said via phone “the concern is that even though inflation is heading in the right direction it could reverse” as the result of strong wage gains and continued demand with the federal reserve widely expected to raise its policy interest rate again next wednesday by a quarter of a percentage point to 52555 thursday’s data raises the possibility that policy makers could be a “little more hawkish” in their postmeeting statement gillum said the fed’s annual symposium in jackson hole wyo in august also offers fed chairman jerome powell the chance to “reiterate a higherforlonger narrative on rates” until inflation is on a consistent sustainable path to 2 wall street investors have been grappling with how the last mile of inflation could play out inflation based on the latest update to the consumerprice index decelerated to 3 in june on an annual basis from 4 in the prior month that’s down from a 91 peak last summer but it’s taken five full percentage points of rate hikes to get to this point thursday’s jump in yields was led by 3 tmubmusd03y through 7year rates as fed funds traders priced in a 318 chance that the fed could lift its main interestrate target to 55575 by november after factoring in a july rate hike meanwhile the spread between 2 tmubmusd02y and 10year yields tmubmusd10y went wider than minus 100 basis points us stocks djia spx comp were mostly lower in morning trading “jobless claims provide a very timely snapshot of the labor market and what we’ve been waiting for is an adjustment up in claims and for layoffs to start rising” said rubeela farooqi the jersey city new jerseybased chief us economist for high frequency economics “but businesses are not responding and that has big implications for the fed” via phone she said that “the fed is looking for the labor market to soften and doesn’t have much confidence on where inflation is going the risk is that they policy makers may keep hiking rates until we see some very substantial softening in labor markets raising the risk of a recession”

the numbers the national association of home builders’ monthly confidence index fell 6 points to 49 in august the trade group said monday the august reading of 49 is the first time since may 2020 that the index fell below a breakeven measure of 50 the decline was the eighth straight month in august economists surveyed by the wall street journal expected the number to be 54 one year ago the index stood at 75 in january this year the index was at 83 key details all three gauges that underpin the overall builderconfidence index fell the gauge that measures current sales conditions fell by 7 points the component that tracks traffic of prospective buyers fell by 5 points and the gauge that assesses sales expectations for the next six months fell by 2 points homebuilders in august reported a drop in prospective buyer traffic to 32 points which is the lowest level the gauge has dropped since april 2014 outside of the pandemic all regions posted a drop in builder confidence the declines were led by the west which saw an 11point decline followed by the northeast with a 9point decline the south with a 7point decline and the midwest with a 3point decline big picture home builders are feeling gloomy as buyer demand is cooling mortgage rates and interest rates are much higher now than a year ago cooling demand and pushing builders to offer more incentives one in five home builders told the nahb that they were reducing prices in the last month to increase sales or limit cancellations what the nahb said “tighter monetary policy from the federal reserve and persistently elevated construction costs have brought on a housing recession” nahb’s chief economist robert dietz said in a statement dietz expects the total volume of singlefamily starts to fall in 2022 “the first such decrease since 2011” market reaction the yield on the 10year treasury note tmubmusd10y fell in early trading to 277 while the spdr sp homebuilders etf xhb traded slightly lower during the morning session the big home builder stocks were mixed dhi dr horton inc and len lennar corp edged higher while tol toll brothers inc and phm pultegroup inc edged lower

segro plc said thursday that contracted rental income fell 23 in the third quarter of 2022 and its vacancy rate slipped slightly but that occupier demand was strong while yeartodate contracted rent rose the uk realestate investment trust said that for the quarter ended sept 30 it contracted 20 million pounds 224 million of new headline rent compared with gbp26 million a year earlier the occupancy rate during the period slipped slightly to 967 from 968 a year prior total contracted headline rent for the nine months to sept 30 however came in at gbp76 million up from gbp64 million the year before segro said occupier demand remains strong across all markets driven by longterm structural trends while supply is still limited which should support high levels of rental growth the company said increases in interest rates and the volatile macroeconomic environment have reduced volumes in the investment markets causing asset prices to soften in the third quarter however we remain focused on the fundamentals of our businessowning managing and developing the highestquality buildings whilst maintaining low leverage and a strong balance sheet thereby supporting the delivery of attractive growth in earnings and dividends for our shareholders chief executive david sleath said

brussels sept 8 reuters byzantine politicised or just plain stupid european union fiscal rules have been called many names and changed many times now the eu is starting another debate to reform them as it faces overlapping crises the rules were not designed to deal with eu finance ministers will kick off the debate on saturday confronted with high debt after two years of bolstering economies during the covid19 pandemic and huge investment needs to prevent the ultimate crisis of climate change to make things worse they also face a costofliving crisis with record high inflation soaring energy costs as russia slashes gas supplies to europe and a looming recession that is already draining hundreds of billions from government coffers in various support measures and more is sure to come read more eu rules conceptually rooted in the economically more stable times known as the great moderation in the 1990s and aimed mainly at safeguarding the value of the euro through curbs on government borrowing have a hard time coping with all that they say public debt must be below 60 of gross domestic product gdp and government deficit below 3 of gdp but the pandemic left many countries with debt well above 100 of gdp with greece at around 185 and italy around 150 and 2021 deficits often twice the eu limit this makes it impossible for many governments to adhere to the eu rule that they should cut debt each year by 120th of the difference between its current level and 60 of gdp position papers of france italy germany spain and the netherlands as well as senior eu officials say the 120th rule will therefore have to go either explicitly or because governments and the commission agree not to apply it but it is not clear what it could be replaced with berlin thinks governments should simply cut their structural deficit every year by at least 05 of gdp until they reach balance that combined with economic growth would take care of debt the most probable outcome is that we will get something very similar to the german position in the end one senior euro zone official involved in the talks said another sticking point is how to deal with the hundreds of billions of public investment needed to attract even more private cash to first halve carbon dioxide emissions in europe by 2030 and then stop them completely by 2050 france italy and poland argue that the rules should also allow them to deduct from deficit calculations money spent on defence or on achieving technological sovereignty because these investments will pay off in the future germany does not want specific sectors excluded from eu deficit statistics but appears open to broadening the existing flexibility for governments which make structural reforms or investments beneficial in the long run the scope and size of such reform or investment needs to be hammered out also under discussion is the choice of yardsticks to measure the fiscal efforts made as governments seek observable indicators they have influence over rather than backward looking calculated ones that are often strongly revised and then there is the controversial problem of enforcement while there are fines envisaged for those who break the rules they have never been used even though countries like italy france spain or portugal blatantly did that talks on the changes are likely to take months possibly into the second quarter of 2023 the rules will stay suspended next year to give governments leeway to shield economies from the energy crisis caused by russias invasion of ukraine read more the european commission will present its proposals on how the framework could be changed in the second half of october officials said aiming to publish well after snap elections in italy on sept 25 to avoid making the debate an election issue in the euro zones third biggest economy reporting by jan strupczewski editing by mark john and emelia sitholematarise

iheartmedia nasdaqihrt is set to give its latest quarterly earnings report on wednesday 20220223 heres what investors need to know before the announcement analysts estimate that iheartmedia will report an earnings per share eps of 049 iheartmedia bulls will hope to hear the company to announce theyve not only beaten that estimate but also to provide positive guidance or forecasted growth for the next quarter new investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock but the guidance or forecast last quarter the company missed eps by 009 which was followed by a 339 increase in the share price the next day heres a look at iheartmedias past performance and the resulting price change shares of iheartmedia were trading at 2082 as of february 21 over the last 52week period shares are up 4163 given that these returns are generally positive longterm shareholders are likely bullish going into this earnings release if you want to track all upcoming earnings announcements check out our earnings calendar here

shares of diamondback energy inc fang slipped 290 to 13933 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 158 to 407163 and dow jones industrial average djia falling 102 to 3353083 diamondback energy inc closed 2962 below its 52week high 16895 which the company achieved on november 15th

private sector job growth likely increased at a solid pace in december but at a slower rate than in the prior month according to economists polled by the wall street journal the adp national employment report is expected to show that 375000 jobs were added in december down from 534000 jobs added in the prior month economists use the adp data as an early read on the labor department’s employment report which will be released friday economists note the adp data has been higher than the government’s estimate in three of the last four months the adp report will be released at 815 am eastern

shares of invesco ltd ivz rallied 333 to 1489 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 237 to 375275 and the dow jones industrial average djia rising 247 to 3108256 the stocks rise snapped a twoday losing streak invesco ltd closed 1193 short of its 52week high 2682 which the company achieved on november 2nd the stock demonstrated a mixed performance when compared to some of its competitors friday as blackrock inc blk rose 435 to 59726 carlyle group inc cg rose 280 to 2640 and lazard ltd laz rose 461 to 3425 trading volume 65 m eclipsed 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

shares of general electric co ge rose 279 to 7766 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 048 to 417548 and the dow jones industrial average djia rising 020 to 3312879 this was the stocks second consecutive day of gains general electric co closed 3851 below its 52week high 11617 which the company achieved on november 9th the stock outperformed some of its competitors tuesday as thermo fisher scientific inc tmo rose 015 to 54632 medtronic plc mdt fell 003 to 10311 and danaher corp dhr fell 080 to 24851 trading volume 78 m eclipsed its 50day average volume of 71 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 inched 030 higher to c9795 tuesday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 033 to 2045746 national bank of canada closed c688 below its 52week high c10483 which the company reached on february 9th trading volume of 21 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

shares of leidos holdings inc ldos inched 076 higher to 10417 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 089 to 395725 and dow jones industrial average djia falling 063 to 3353670 leidos holdings inc closed 695 short of its 52week high 11112 which the company achieved on april 20th the stock outperformed some of its competitors monday as lockheed martin corp lmt fell 039 to 46204 northrop grumman corp noc fell 222 to 48174 and general dynamics corp gd fell 013 to 24282 trading volume 989510 eclipsed its 50day average volume of 741368 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

bank of america’s clients are wondering when they might get some relief from the sharp drop in “risk assets” this year looking for indicators that may warrant a shift from the federal reserve’s hawkish monetary policy stance as it aims to bring down high inflation according to a bofa global research note the selloff in stocks and bonds has raised client questions about when the fed “might pivot dovish” bofa strategists said in a rates and currencies report wednesday “this is still some time away” but the focus should be on inflation easing and labormarket weakness seen through a rise in jobless claims and a higher unemployment rate they said “bad news good news when the labor market cracks” the strategists wrote in the report “the sp 500 typically bottoms three months before claims peak” while the us labor market is strong new jobless claims have risen slightly in recent weeks a “nascent” sign that it may be softening according to the note “initial jobless claims may have already hit a cycle low” the strategists wrote “the sp 500 typically reaches a cycle low after initial jobless claims bottom” the strategists said “on average we find that the sp bottoms 21 months after claims trough but three months before claims peak” their research which is based on the past six fedfunds cycles also found that 2year and 10year treasury yields typically peak with a strong labor market shortly after initial jobless claims bottom on average the twoyear yield peaks four months after the trough while 10year rates reach their peak eight months after it’s hit an easing of financial conditions and a “big fed pivot” are unlikely until inflation moderates and clearer signs of a labormarket slowdown emerge according to the bofa strategists the fed is tightening its monetary policy this year partly by raising its benchmark interest rate the us stock market was trading higher wednesday afternoon shortly after the release of the minutes of the fed’s policy meeting in early may the dow jones industrial average djia was up 02 while the sp 500 spx rose 06 and the nasdaq composite comp gained 12 according to factset data at last check most senior fed officials “judged” that halfpoint increases in the central bank’s benchmark rate would “likely be appropriate at the next couple of meetings” the minutes of the meeting released at 2 pm eastern time show as for yields the 10year treasury note tmubmusd10y was trading down 1 basis point at 275 wednesday afternoon according to factset data the 2year treasury yield tmubmusd02y was about flat at 250 should the rise in jobless claims persist us treasury yields may be near their peak while risk assets may not bottom until the labor market “cools further” said the bofa strategists

shares of tjx cos tjx slipped 172 to 6985 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 034 to 452003 and dow jones industrial average djia falling 076 to 3510000 this was the stocks eighth consecutive day of losses tjx cos closed 631 short of its 52week high 7616 which the company achieved on august 24th the stock underperformed when compared to some of its competitors tuesday as target corp tgt fell 065 to 24272 ross stores inc rost fell 075 to 11452 and gap inc gps fell 088 to 2489 trading volume 71 m eclipsed its 50day average volume of 54 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of allegion plc alle inched 046 higher to 13202 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 009 to 470170 and the dow jones industrial average djia rising 029 to 3643222 this was the stocks third consecutive day of gains allegion plc closed 1668 below its 52week high 14870 which the company achieved on september 3rd the stock demonstrated a mixed performance when compared to some of its competitors monday as stanley black decker inc swk rose 048 to 18471 fortune brands home security inc fbhs rose 028 to 10265 and brady corp cl a brc fell 004 to 5560 trading volume 891905 eclipsed its 50day average volume of 765894 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 palantir technologies inc pltr slid 277 to 808 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 001 to 390136 and the dow jones industrial average djia rising 003 to 3126190 palantir technologies inc closed 2121 short of its 52week high 2929 which the company reached on september 17th the stock underperformed when compared to some of its competitors friday as tyler technologies inc tyl rose 042 to 34173 cognizant technology solutions corp ctsh rose 073 to 7083 and verint systems inc vrnt rose 038 to 5057 trading volume 408 m remained 22 million below its 50day average volume of 430 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

vodafone group plc vod shares inched up 057 to 7387 british pence thursday on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 076 to 764605 vodafone group plc closed 5575 pence below its 52week high £130 which the company reached on july 21 trading volume 371 m remained 814 million below its 50day average volume of 1186 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

essilorluxottica sa is optimistic about its growth prospects this year chief financial officer stefano grassi said friday the francoitalian eyewear group expects revenue growth and expansion in its operating margin for the full year mr grassi said in a conference call following the companys firstquarter revenue update at 2021 results last month essilorluxottica confirmed it was targeting revenue growth in the midsingle digits between 2022 and 2026 and said it is also aiming for an operating margin of 1920 by the end of the same period this year pandemicrelated restrictions in china will affect sales mostly in the month of april while the impact of inflation will be more accentuated in the second and third quarters than in the first but should normalize by the end of the year mr grassi said in the first quarter the groups revenue rose 12 on a comparable and organic basis to 561 billion euros 608 billion the company pointed to strong performance in north america as one of the main growth drivers this story was translated in whole or in part from a frenchlanguage version initially published by lagefidow jones write to alice dore at adoreagefifr and to joshua kirby at joshuakirbywsjcom joshualeokirby

shares of meta platforms inc meta rose 149 to 16536 thursday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 046 to 3165642 and the nasdaq composite index comp falling 026 to 1178513 this was the stocks second consecutive day of gains meta platforms inc closed 21843 below its 52week high 38379 which the company reached on september 10th the stock outperformed some of its competitors thursday as microsoft corp msft fell 041 to 26040 alphabet inc cl a googl rose 140 to 10974 and twitter inc twtr fell 034 to 3862 trading volume 301 m eclipsed its 50day average volume of 283 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

robert walters plc said thursday that its gross profits rose slightly in the first quarter of 2023 despite difficult macroeconomic conditions and tough comparables the recruitment company said net fee incomea key metric for the industryrose 4 to 1024 million pounds 1276 million from gbp984 million in the same quarter in 2022 asiapacific net income fee fell 1 to gbp434 million europe rose 16 to gbp343 million uk fell 9 to gbp163 million and the other international segment rose 18 to gbp84 million as of march 31 the company had a balance sheet of gbp705 million compared with gbp971 million a year prior the company said its optimistic that activity levels will return when global markets become more benign as the recruitment market fundamentals such as vacancy levels and salary inflation remain relatively robust robert walters said it will publish a trading update for the second quarter on july 6

shares of canadian natural resources ltd cnq inched 027 higher to c6626 wednesday in what proved to be an otherwise allaround down trading session for the canadian market with the sptsx composite index gsptse falling 033 to 2120516 canadian natural resources ltd closed c151 below its 52week high c6777 which the company achieved on january 18th trading volume of 41 m shares remained below 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

healthequity incs net loss shrank in the fourth quarter as sales increased and expenses declined the draper utahbased health savings account custodian reported a net loss of 209000 in the three months through jan 31 compared with a loss of 328 million in the yearearlier period the company had a net loss per share of less than 1 cent from a loss of 39 cents in the yearearlier period and adjusted earnings per share of 37 cents from 20 cents revenue increased to 2338 million from 2033 million the sales and net loss figures were beat market expectations the median forecast of analysts compiled by factset was for sales of 2307 million and a net loss of 35 million total operating expenses fell to 121 million in the quarter from 1325 million a year earlier while total other expense including interest expense declined to 132 million from 165 million

shares of oracle corp orcl inched 004 higher to 7740 thursday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 008 to 415194 and dow jones industrial average djia falling 026 to 3272682 this was the stocks second consecutive day of gains oracle corp closed 2894 below its 52week high 10634 which the company achieved on december 10th the stock underperformed when compared to some of its competitors thursday as microsoft corp msft rose 042 to 28365 adobe inc adbe rose 143 to 43059 and salesforce inc crm rose 085 to 19127 trading volume 37 m remained 47 million below its 50day average volume of 83 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 moodys corp mco slipped 016 to 29037 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 030 to 394872 and the dow jones industrial average djia rising 023 to 3210525 this was the stocks second consecutive day of losses moodys corp closed 5585 short of its 52week high 34622 which the company reached on april 8th the stock demonstrated a mixed performance when compared to some of its competitors thursday as sp global inc spgi fell 103 to 33225 and msci inc msci fell 004 to 54696 trading volume 675663 remained 264384 below its 50day average volume of 940047 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 zions bancorp na zion dropped 064 to 2796 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 020 to 444682 and dow jones industrial average djia falling 038 to 3428864 zions bancorp na closed 3179 short of its 52week high 5975 which the company reached on september 15th

shares of sealed air corp see shed 178 to 4862 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 030 to 397015 and dow jones industrial average djia falling 071 to 3265670 sealed air corp closed 2211 short of its 52week high 7073 which the company achieved on march 29th

getty images holdings inc shares fell 117 to a low of 460 in tuesday trading after the company swung to an unexpected loss in the fourth quarter after the market closed monday the visual content company posted a quarterly loss of 229 million or 6 cents a share compared with a profit of 227 million or 11 cents a share for the same period a year earlier analysts polled by factset had been expecting earnings of 4 cents a share revenue declined 32 to 2315 million missing analyst forecasts for 2417 million according to factset getty is guiding for annual revenue of 936 million to 963 million before the guidance was provided monday analysts surveyed by factset had been expecting 9703 million in annual revenue shares are down more than 53 over the past 12 months and are currently trading near their alltime low of 451

tuesday marks the last chance for investors to receive the next dividend payout from cbre clarion glb real est igr the company announced on friday that it would pay shareholders a monthly dividend of 6 cents per share on wednesday cbre clarion glb real est will go exdividend meaning the stock will trade lower to reflect that payout in other words the stock will likely open 6 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 wednesday shareholders who own igr as of the end of tuesdays session are eligible to receive the 6 cents dividend payout for every share that they own according to the company this dividend will be paid out to shareholders on july 31 2023 investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way to read more news on cbre clarion glb real est click here click here to visit our dividends calendar

the astrazeneca plc adr azn rose 102 to 7252 friday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 219 to 1297569 and the dow jones industrial average djia rising 100 to 3309334 astrazeneca plc adr closed 404 short of its 52week high 7656 which the company achieved on april 25th the adr outperformed some of its competitors friday as eli lilly co lly fell 036 to 42579 biogen inc biib rose 051 to 29866 and johnson johnson jnj fell 004 to 15435 trading volume 34 m remained 543117 below its 50day average volume of 40 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

seems like the easy trade to go is to really continue the carry trade thats been working for a lot of investors that are willing to take on that risk how long is that going to last yeah the carry trade coming back into play this year with 17 of 20 three emerging market currencies rising against the us dollar this is a trade that we understand and citi points out works very well when we see these us centric recessions thats it i really would contrast this with what were going to hear out of the imf meetings this going on in washington this week which is a much more dismal picture the weakest five year growth outlook since 1990 and when we think about this i really want to point you to egypt im just back from the middle east so this was a story that was on top of all of our minds this is a country that had one of the strongest carry trade so again this hot carry trade for many years but now has been forced to turn to the imf for aid and one of the things the imf has wanted it to do is make its currency much more flexible but thats pushed it into this bad situation where it has this ongoing inflation problem and so the imf is really going to struggle politically on the frontier maybe not as much in the emerging markets space to try and figure out how to deal with this and were watching really debt crises escalate on the world

home prices nationwide rose by about 35 over the past two years but searches and inquiries are falling in some key cities according to the real estate brokerage redfin

shares of under armour inc cl a uaa rallied 123 to 739 monday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 002 to 419263 and the dow jones industrial average djia falling 042 to 3328658 under armour inc cl a closed 566 below its 52week high 1305 which the company achieved on february 2nd the stock outperformed some of its competitors monday as nike inc cl b nke fell 399 to 11018 trading volume 63 m remained 943029 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

someone with a lot of money to spend has taken a bearish stance on mgm resorts intl mgm and retail traders should know we noticed this today when the big position showed up on publicly available options history that we track here at benzinga whether this is an institution or just a wealthy individual we dont know but when something this big happens with mgm it often means somebody knows something is about to happen the overall sentiment of these bigmoney traders is split between 18 bullish and 81 bearish out of all of the options we uncovered there was 1 put for a total amount of 37760 and 15 calls for a total amount of 1731436 taking into account the volume and open interest on these contracts it appears that whales have been targeting a price range from 350 to 500 for mgm resorts intl over the last 3 months in terms of liquidity and interest the mean open interest for mgm resorts intl options trades today is 20130 with a total volume of 1235000 in the following chart we are able to follow the development of volume and open interest of call and put options for mgm resorts intls big money trades within a strike price range of 350 to 500 over the last 30 days mgm resorts intl option volume and open interest over last 30 days where is mgm resorts intl standing right now with a volume of 1621248 the price of mgm is up 042 at 4996 rsi indicators hint that the underlying stock may be overbought next earnings are expected to be released in 12 days what the experts say on mgm resorts intl jmp securities downgraded its action to market outperform with a price target of 60 truist securities downgraded its action to buy with a price target of 58 barclays has decided to maintain their overweight rating on mgm resorts intl which currently sits at a price target of 64 truist securities has decided to maintain their buy rating on mgm resorts intl which currently sits at a price target of 60 jmp securities downgraded its action to market outperform with a price target of 60 options are a riskier asset compared to just trading the stock but they have higher profit potential serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely if you want to stay updated on the latest options trades for mgm resorts intl benzinga pro gives you realtime options trades alerts

the average credit card interest rate has reached its highest level in more than 26 years and is set to rise even higher with the federal reserve’s 075 percentage point interest rate increase on wednesday bringing further pain to consumers relying on cards to make ends meet amid rising prices the average annual percentage rate is 181 the highest since january 1996 according to bankratecom data that goes back to 1985 credit card rates rise alongside the benchmark federalfunds rate and further tightening by the central bank will likely cause the average credit card rate to reach the july 1991 record high of 190 in the coming months said ted rossman senior industry analyst at bankratecom

shares of peloton interactive inc pton rose 533 to 3184 wednesday on what proved to be an allaround rough trading session for the stock market with the nasdaq composite index comp falling 115 to 1434026 and dow jones industrial average djia falling 096 to 3502865 the stocks rise snapped a fourday losing streak peloton interactive inc closed 13473 short of its 52week high 16657 which the company reached on january 25th the stock outperformed some of its competitors wednesday as nautilus inc nls fell 160 to 552 planet fitness inc cl a plnt fell 244 to 8236 and nike inc cl b nke fell 125 to 14511 trading volume 282 m eclipsed its 50day average volume of 190 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

hasbro delivered quarterly earnings that missed wall street’s estimates as consumers resisted higher prices for its products following a cut to its fullyear sales outlook a few weeks ago and announcing an exit from few business lines hasbro chief executive officer chris cocks on tuesday said the company’s thirdquarter “was further impacted by increasing price sensitivity for the average consumer” that’s another way of saying that demand is wilting in the face of inflation