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activeops ltd said tuesday that revenue for the first half of fiscal 2023 is expected to rise and it sees fullyear earnings swinging to a profit the automation software company said it expects to report revenue growth of about 7 for the six months ended sept 30 compared with the same period a year earlier when it generated revenue of 115 million pounds 130 million activeops also expects to report a strongerthanexpected profit performance marginally above breakeven at the adjusted earnings before interest taxes depreciation and amortization level reflecting positive foreign exchange movements this compares with an adjusted ebitda loss of around gbp200000 a year prior the company is on target to turn run rate ebitda positive at the end of the financial year and it continues to benefit from high recurring revenues strong gross margins and a strong balance sheet it said with products that are more relevant than ever high levels of recurring revenue and a robust balance sheet we are well placed to mitigate potential economic headwinds while continuing to invest in the business and execute our growth plans chief executive richard jeffery said

shares of bank of nova scotia bns slipped 015 to c8493 monday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 082 to 2101189 this was the stocks second consecutive day of losses bank of nova scotia closed c1007 below its 52week high c9500 which the company achieved on february 9th trading volume of 43 m shares remained below its 50day average volume of 47 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

us commercial crudeoil inventories surprisingly increased last week while gasoline stockpiles also rose according to data released wednesday by the energy information administration benchmark us oil prices that were slightly lower before the mostly bearish report extended those declines afterward the nymex frontmonth crude contract for september delivery was recently down 16 at 9288 a barrel at that level it would close the session at its lowest price since feb 25 crudeoil stockpiles climbed by 45 million barrels to 4266 million barrels and are now about 7 below the fiveyear average the eia said analysts surveyed by the wall street journal had predicted crude stockpiles would fall by 700000 barrels from the prior week oil stored at cushing okla the delivery point for us stocks increased by 926000 barrels from the previous week to 245 million barrels the eia said in its weekly report us crudeoil production was unchanged weekonweek at 121 million barrels a day according to the eia gasoline stockpiles rose by 163000 barrels to 2253 million barrels compared with analysts expectations for inventories to decrease by 13 million barrels from the previous week distillate stocks which include heating oil and diesel fuel unexpectedly fell by 24 million barrels to 1093 million barrels and are now about 25 below the fiveyear average the eia said analysts were forecasting distillates inventories would rise by 700000 barrels from the previous week the refining capacity utilization rate surprisingly dropped by 12 percentage points from the previous week to 91 which compares with analysts forecasts for a 05 percentagepoint increase

4d molecular therapeutics shares rose 20 to 2191 in aftermarket trading wednesday after it reported positive interim clinical data from a trial for the treatment of cystic fibrosis lung disease the stock which closed down 49 at 1827 is down 18 on the year the clinicalstage biotherapeutics company said interim data from the study will be presented on june 8 the widespread cftr transgene expression demonstrated in all lung samples from participants in cohort one is a critical first step for the development of 4d710 said chief executive david kirn

shares of marketaxess holdings inc mktx slipped 101 to 24248 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 067 to 403061 and dow jones industrial average djia falling 057 to 3209899 this was the stocks second consecutive day of losses marketaxess holdings inc closed 24460 short of its 52week high 48708 which the company reached on august 30th the stock demonstrated a mixed performance when compared to some of its competitors monday as cme group inc cl a cme fell 048 to 19540 intercontinental exchange inc ice fell 193 to 10159 and nasdaq inc ndaq fell 163 to 5970 trading volume 510790 eclipsed its 50day average volume of 317948 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of american express co axp sank 002 to 17906 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 007 to 404842 and the dow jones industrial average djia rising 012 to 3343144 american express co closed 1529 below its 52week high 19435 which the company reached on march 22nd the stock demonstrated a mixed performance when compared to some of its competitors monday as jpmorgan chase co jpm fell 058 to 14282 visa inc cl a v rose 133 to 22675 and bank of america corp bac fell 020 to 3409 trading volume 27 m remained 487325 below 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 genuine parts co gpc slipped 258 to 12359 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 101 to 430476 and dow jones industrial average djia falling 142 to 3359661 this was the stocks third consecutive day of losses genuine parts co closed 1938 short of its 52week high 14297 which the company reached on january 5th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as oreilly automotive inc orly fell 366 to 65221 advance auto parts inc aap fell 550 to 20676 and lkq corp lkq fell 218 to 4810 trading volume 915297 eclipsed its 50day average volume of 614374 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

european imports of liquefied natural gas soared last year as nations sought to cover for drops in russian pipeline supplies a report from the international energy agency said tuesday the jump in demand from european nations sent prices spiking higher with global sales doubling in value to 450 billion even though volume rose only 55 percent the iea said in a quarterly report on the gas market it said it expects lng volumes to rise by 43 percent in 2023 lng import growth in 2022 was led by europe with a sharp 63 percent increase compensating for a significant drop in pipeline gas imports from russia the iea said european imports of lng rose by 66 billion cubic metres with the united states supplying twothirds of that increased consumption lng played a critical role in mitigating the impact of russias deep cuts in piped gas supply to the european union and was instrumental in avoiding gas supply shortages in 2022 said the iea for 2023 the iea expects european gas demand to dip by three percent after having fallen by 13 percent in 2022 it sees further reductions in the use of gas by the power sector as renewables expand and french nuclear production increases after repair works are completed while industrial use of gas is expected to recover by 10 percent the evolution of gas for residential heating will depend on weather the iea said a complete cutoff of russian gas delivered by pipeline would require a steeper reduction in demand of eight percent global gas consumption pipeline plus lng dipped 16 percent last year to 4042 trillion cubic metres the iea sees it stagnating in 2023

shares of nestle india ltd 500790 inched down 020 to 1862650 indian rupees monday on what proved to be an allaround poor trading session for the stock market with the sp bse sensex index 1 falling 030 to 5928835 nestle india ltd closed 242650 rupees short of its 52week high 2105300 rupees which the company achieved on october 24 despite its losses the stock outperformed some of its competitors monday as heritage foods india ltd heritgfood fell 403 to 14185 rupees and vadilal industries ltd vadilalind fell 137 to 257250 rupees trading volume 1147 remained 31 below its 50day average volume of 1178 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 shopify inc cl a shop rallied 175 to c111558 tuesday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 067 to 2137718 shopify inc cl a closed c111315 below its 52week high c222873 which the company reached on november 19th trading volume of 208025 shares remained below its 50day average volume of 247782 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 silicon valley bank crisis is creating attractive entry points in residential solar stocks sunrun and sunnova energy international according to wells fargo weakness in resisolar driven by the svb crisis is a buying opportunity analyst michael blum said to clients in a note while fears of contagion risk have caused regional banks to pull back the greater likelihood of a pause in interest rate hikes from the federal reserve is a boon for solar stocks according to the analyst a 50 basis point reduction to a longterm discount rate of 7 to 8 would mean greater upside for sunrun and sunnova the silver lining of the bank issues is that interest rates have fallen by 30 bps the 10year treasury yield is down to 37 from 40 further in light of a potential banking crisis the fed could pause rate hikes which would reduce the cost of financing for resisolar names a key driver of performance the analyst said at the same time while consultants expect the us residential solar sector could fall by 2 in 2023 blum forecasts the biggest solar companies could hit their 2023 guidance by expanding market share by just 8 in our view market share gains will be driven by long tail installersdealers migrating to the big 3 to take advantage of 1 the shift to leaseppa from loans and 2 higher battery attach rates post nem 30 read the note shares of sunrun and sunnova are down 20 and 164 in 2023 respectively blums price target of 29 on sunrun implies upside of 42 from tuesdays close his sunnova target of 23 points to a 424 advance as well run 1d mountain sunrun shares 1day —cnbcs michael bloom contributed to this report

bank of england surprises with 50 basis point interest rate hike amid flurry of central bank moves us stocks looked set to open lower on thursday as index futures fell leaving the market on track to extend the sp 500s longest streak of daily losses since early may as federal reserve chair jerome powell returns to congress to testify for a second day all three indexes finished lower on wednesday with the dow falling 10235 points or 03 to end at 3395152 while the sp 500 dropped 2302 points or 05 to finish at 436569 the nasdaq composite lost 16509 points or 12 ending at 1350220 us stocks have seen a modest pullback since the sp 500 and nasdaq composite put in fresh 14month highs late last week now investors are wondering if stocks might unwind more of their yeartodate gains after fed chair powell affirmed on wednesday that two more interestrate hikes will likely follow later this year nearly all fomc participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year powell said in prepared testimony released before he testified before the house financial services committee on wednesday the fed has raised its policy rate by five percentage points since march 2022 increasing the cost of borrowed money at the fastest pace since the 1980s the aggressive campaign undertaken to tame inflation triggered a punishing selloff in both stocks and bonds in 2022 while inflation has retreated from the 40year highs reached last summer powell and other fed officials have suggested that its not waning quickly enough to justify an end to the central banks hikes the consumer price index a closely watched inflation gauge rose by a scant 01 in may while the reaction to powells comments varied across markets stocks sold off a sign that wall street is taking the fed chairman at his word according to emailed commentary from charalampos pissouros senior investment analyst at xm equity investors perceived powells testimony as adequately hawkish and subsequently continued reducing their risk exposures all three of wall streets main indices traded in the red with the nasdaq losing the most ground investors will hear from the feds powell again on thursday as he testifies before the senate banking committee during the second day of his biannual testimony on capitol hill investors also digested some fresh economic data including a weekly update on the number of americans applying for unemployment benefits which came in flat at 264000 leaving it at the highest level since late 2021 despite the threat of higher interest rates stocks have powered higher since the beginning of 2023 thanks in large part to advances made by shares of a handful of tech stocks especially those benefiting from the boom in artificial intelligence software such as nvidia corp nvda microsoft corp msft apple inc aapl and google parent alphabet incs class a googl and class c googl the sp 500 has risen more than 13 yeartodate according to factset data aside from powells commentary the other major marketmoving news early thursday was a raft of rate hikes from foreign central banks including a surprisingly aggressive move by the bank of england the swiss national bank delivered a 25 basispoint interestrate hike slowing the pace of its policy tightening as was expected snb chairman thomas jordan said more tightening cannot be ruled out norways central bank lifted borrowing costs as well but the boe meeting was the days main event to try and subdue the highest inflation among g7 nations the boe opted to raise borrowing costs by 50 basis points the decision marked the boes 13th consecutive hike and was larger than economists had expected the uk currency gbpusd was trading at 128 in recent trade holding on to a marginal gain turkeys central bank also decided to raise borrowing costs dramatically to try and support the floundering lira which has seen its value relative to the us dollar plunge since the start of the year the greenback has gained more than 26 vs its turkish counterpart according to factset data one dollar recently fetched more than 23 lira this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal

shares of mfa financial inc mfa were unchanged monday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 085 to 1056452 and the dow jones industrial average djia rising 131 to 3282700 mfa financial inc closed 888 short of its 52week high 1906 which the company reached on december 8th the stock underperformed when compared to some of its competitors monday as pennymac mortgage investment trust pmt rose 209 to 1414 invesco mortgage capital inc ivr rose 008 to 1193 and new york mortgage trust inc nymt rose 038 to 266 trading volume 10 m remained 898455 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of federal realty investment trust frt rose 140 to 12474 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 122 to 435645 and dow jones industrial average djia falling 019 to 3429773 the stocks rise snapped a sixday losing streak federal realty investment trust closed 1577 below its 52week high 14051 which the company reached on january 4th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as brandywine realty trust bdn rose 008 to 1299 pennymac mortgage investment trust pmt rose 139 to 1751 and macerich co mac rose 220 to 1670 trading volume 837418 eclipsed its 50day average volume of 451961 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 zebra technologies corp cl a zbra slipped 371 to 37450 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 281 to 417520 and dow jones industrial average djia falling 238 to 3324018 zebra technologies corp cl a closed 24050 short of its 52week high 61500 which the company achieved on december 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as danaher corp dhr fell 364 to 25098 hitachi ltd adr hthiy fell 499 to 9031 and hp inc hpq fell 178 to 3634 trading volume 340835 remained 101608 below its 50day average volume of 442443 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 gamestop corp surged wednesday as investors prepped for the videogame and consumerelectronics retailer’s quarterly results the stock has a recent history of large postearnings gains while the stockoptions market didn’t pick a side it was also ready for a biggerthanaverage postearnings move the original meme stock gme climbed 28 in active midday trading toward its highest close since dec 5 2022 trading volume was already 51 million shares above the fullday average over the past 30 days of about 29 million shares gamestop is scheduled to release its fiscal firstquarter report after the closing bell analysts surveyed by factset expect on average pershare losses to narrow to 15 cents from 52 cents a year ago and sales to slip 25 to 134 billion it’s no wonder investors acted boldly ahead of the report the stock rocketed 353 on march 22 the biggest oneday gain in two years after gamestop reported a surprise fourthquarter profit and the first quarterly profit in three years and while the company reported widerthanexpected losses in three of the previous four quarters the stock still rallied the day after results were reported the stock’s average gain after the past five quarterly reports has been 136 meanwhile the options market was ready for an even bigger stock reaction an option strategy known as “straddle” is priced for the stock to move 419 in either direction on thursday according to data provided by matt amberson principal at option research technology services at current prices that translates to a 165 move straddles are pure volatility plays that involve the simultaneous purchase of bullish options or calls and bearish options or puts with the same atthemoney strike prices targets at current prices and the same expiration dates like a point spread in sports betting the buyer of a straddle makes money if the stock closes outside of that implied range of the straddle option prices are a function of the stock’s implied volatility and time to expiry for gamestop straddles expiry is friday and the 30day implied volatility used in the calculation is 982 that compares with the cboe volatility index vix which tracks the 30day implied volatility for the sp 500 spx at 1393 in midday trading wednesday based on the current price of 2538 gamestop’s stock would have to close thursday above 2957 or below 2119 for straddle buyers to make money the day after the company’s past 20 quarterly reports the stock has moved more than 166 in either direction five times according to factset data

shares of aflac inc afl slipped 235 to 6780 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 047 to 438871 and dow jones industrial average djia falling 072 to 3405387 this was the stocks second consecutive day of losses aflac inc closed 622 short of its 52week high 7402 which the company achieved on january 6th the stock underperformed when compared to some of its competitors tuesday as cigna group ci rose 045 to 27005 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 leggett platt inc leg inched 047 higher to 3450 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 leggett platt inc closed 744 short of its 52week high 4194 which the company reached on august 16th the stock outperformed some of its competitors monday as tempur sealy international inc tpx fell 009 to 4266 sleep number corp snbr fell 342 to 3779 and lazboy inc lzb fell 125 to 3240 trading volume 844836 remained 66988 below its 50day average volume of 911824 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

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shares of starbucks corp sbux inched 043 higher to 8907 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 106 to 411041 and the dow jones industrial average djia rising 071 to 3238134 starbucks corp closed 3108 below its 52week high 12015 which the company achieved on september 13th the stock demonstrated a mixed performance when compared to some of its competitors monday as pepsico inc pep rose 039 to 17390 mcdonalds corp mcd rose 033 to 26037 and yum brands inc yum rose 101 to 11726 trading volume 91 m eclipsed its 50day average volume of 62 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

são paulobrazils government will limit spending increases to 70 of revenue increases and aim to balance its primary budget next year the finance ministry said thursday in a document with details about the countrys new fiscal framework the framework defines the rules the administration of president luiz inácio lula da silva must follow as it works to boost economic growth and government investment while trying to keep deficits and debt under control the leftwing mr da silvas spending priorities have raised concern among investors and the central bank of brazil over the impact theyll have on inflation the spending limit means that the government can increase spending every year by 70 of the amount that revenue increased the previous year the government hopes to reduce its primary budget deficit to 05 of gross domestic product this year the primary budget balance excludes interest payments from the calculation and is a measure of a governments ability to reduce debt the administrations goal is to have a balanced primary budget in 2024 a primary surplus of 05 of gdp in 2025 and a primary surplus of 10 of gdp in 2026 the final year of mr da silvas current term in office

the stock market moved higher on monday extending recent gains ahead of a key inflation report this week with investors hoping for more signs that high consumer prices have peaked as the federal reserve continues to aggressively hike interest rates stocks continued to rally after notching their first weekly gain in a month last friday the dow jones industrial average rose 07 over 200 points while the sp 500 gained 11 and the techheavy nasdaq composite 13 markets initially got a boost after a survey from the new york federal reserve showed that a decline in gas prices is leading to rising hopes that inflation is cooling building on recent optimism after consumer prices cooled slightly in july and look set to do so again in august investors are now looking ahead to the august consumer price index report on tuesday with economists expecting inflation to rise 81 compared to a year ago which would be a slight decline from 85 in july fed officials have continued to pledge in recent weeks that the central bank will keep raising interest rates—even if it hurts economic growth—until there is a meaningful decline in inflation which they admit will likely “take some time” traders now see a 92 chance—up from around 70 two weeks ago—that the central bank will raise rates by 75 basis points for a third consecutive time following similar hikes in june and july according to cme group data major wall street firms have similarly raised their expectations for a 75basispoint rate hike with jpmorgan analysts saying in a recent note that they expect “further confirmation of a peak” in inflation especially as gas prices continue to fall “stocks are rising as investors anticipate inflation to show even further signs of slowing and as ukraine’s counteroffensive gains momentum in the east” says edward moya senior market analyst at oanda ukraine’s “sudden momentum” and recent success driving back russian forces has boosted optimism in markets with many hoping for a “turning point” in the conflict which has been ongoing since late february he adds while tuesday’s inflation report “will likely show pricing pressure relief” that won’t convince the fed to alter its “aggressive stance of tightening monetary policy” moya predicts what to watch for despite recent gains the consensus viewpoint in markets is “cautious and skeptical” with buying likely to “peter out” after tuesday’s consumer price index report says vital knowledge founder adam crisafulli “the developments in ukraine aren’t receiving nearly enough attention” he adds “at the least this is very bullish for the eurozone outlook” dow jumps nearly 400 points as investors shake off rising fears about more fed rate hikes forbes stocks rally even after powell reiterates that fed will keep raising rates forbes stocks break losing streak even as investors brace for the market’s worst month forbes

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shares of corbus pharmaceuticals holdings inc crbp shed 215 to 772 monday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 018 to 1368548 and the dow jones industrial average djia rising 062 to 3394440 corbus pharmaceuticals holdings inc closed 545 below its 52week high 1317 which the company achieved on april 19th the stock underperformed when compared to some of its competitors monday as vanda pharmaceuticals inc vnda fell 153 to 643 fortress biotech inc fbio rose 083 to 057 and viking therapeutics inc vktx rose 390 to 1598 trading volume 5210 remained 26629 below its 50day average volume of 31839 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of wells fargo co wfc inched 031 higher to 4258 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 075 to 396351 and the dow jones industrial average djia rising 055 to 3378148 the stocks rise snapped a fiveday losing streak wells fargo co closed 1772 below its 52week high 6030 which the company reached on february 10th the stock outperformed some of its competitors thursday as us bancorp usb remained unchanged us bancorp dep pfd rep 11000th noncum perp pfd series k usbprp rose 015 to 2402 and us bancorp dep pfd rep 11000th perp 375 pfd series l usbprq remained unchanged trading volume 172 m remained 11 million below its 50day average volume of 182 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 ppg industries inc ppg shed 199 to 13764 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 038 to 405599 and dow jones industrial average djia falling 068 to 3330187 this was the stocks second consecutive day of losses

former ftx ceo sam bankmanfried lost his entire 16 billion fortune in just a few days after his company filed chapter 11 bankruptcy protection on friday but he’s not the only highprofile investor who may lose money amid ftx’s downturn as interest in crypto and crypto exchanges exploded in recent years more high profile individuals like professional athletes and other entertainment personalities joined financial institutions in investing in ftx one of those athletes is tampa bay buccaneers quarterback tom brady just a few months after winning his seventh super bowl in 2021 brady and his thenwife gisele bündchen were each given equity stake in ftx in addition to receiving some crypto brady served as an ambassador for the company and bündchen was ftx’s environmental social initiatives advisor the two also starred in several tv commercials for ftx “it’s an incredibly exciting time in the cryptoworld and sam and the revolutionary ftx team continue to open my eyes to the endless possibilities” brady said in 2021 “this particular opportunity showed us the importance of educating people about the power of crypto while simultaneously giving back to our communities and planet we have the chance to create something really special here and i can’t wait to see what we’re able to do together” it’s not clear how much equity brady and bündchen received in 2021 but ftx raised capital at a 32 billion valuation a few months after the announcement of the deal see also ftx filed for chapter 11 bankruptcy here’s what account holders should know about this ‘very messy and complex bankruptcy case’ a similar story can be told for steph curry of the nba champion golden state warriors who was made a global ambassador for ftx and also given an equity stake in the company in 2021 it’s unclear what will happen to the money investors put into in ftx but their equity could be wiped out by the bankruptcy filing representatives for curry brady bündchen and ftx did not respond to marketwatch’s request for comment on this story other highprofile investors in ftx were jacksonville jaguars quarterback trevor lawrence mlb’s shohei ohtani tennis star naomi osaka and sharktank’s kevin o’leary additionally major league baseball has a marketing deal with ftx where umpires where an ftx logo on their shirts during games and the nba’s miami heat renamed their home stadium “ftx arena” back in 2021 unlike announcements for the athletes listed above the press releases for the mlb and heat did not include mention of an equity stake in ftx according to a list compiled by the new york times financial groups that backed ftx include third point ventures tiger global sequoia capital softbank 9984 and blackrock blk ftx paused withdrawals earlier this week amid a multibillion liquidity crunch at one point rival crypto exchange binance was interested in a takeover of ftx but decided against the move and called ftx’s financial problems “beyond our control or ability to help” see also you need to understand the ftx debacle even if you have no investments in crypto “there’s celebrity ceos in this space as well as celebrity crypto entrepreneurs” sec chairman gary gensler said on cnbc this week after news broke of ftx’s liquidity issues but prior to the bankruptcy announcement “the public can fall prey to their promotions their marketing and the like” in a viral twitter thread on friday bankmanfried apologized for ftx’s recent situation “i’m really sorry again that we ended up here” he said “hopefully things can find a way to recover” bitcoin btcusd prices briefly dropped to their lowest level in two years this week and the price for ether ethusd is down 7322 over the last year

shares of msci inc msci slid 251 to 40561 friday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 057 to 412334 and dow jones industrial average djia falling 030 to 3289937 this was the stocks second consecutive day of losses msci inc closed 27424 below its 52week high 67985 which the company achieved on november 16th the stock underperformed when compared to some of its competitors friday as sp global inc spgi fell 033 to 34576 cme group inc cl a cme fell 136 to 21037 and factset research systems inc fds fell 117 to 37817 trading volume 855787 eclipsed its 50day average volume of 638207 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

cathie wood sells 32m in coinbase as shares surge and loads up on the dip in this stock cathie woodled money managing firm ark invest on wednesday sold more shares in coinbase global inc nasdaq coin even as the largest us cryptocurrency exchanges stock continued to regain ground after reporting dismal thirdquarter results earlier this month

shares of johnson johnson jnj slipped 106 to 16020 friday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 280 to 363966 and dow jones industrial average djia falling 211 to 2929679 this was the stocks third consecutive day of losses johnson johnson closed 2649 below its 52week high 18669 which the company achieved on april 25th the stock demonstrated a mixed performance when compared to some of its competitors friday as roche holding ag part cert rhhvf fell 001 to 33557 merck co inc mrk rose 018 to 8760 and pfizer inc pfe fell 179 to 4232 trading volume 64 m remained 899451 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

ive got to go to you know i could do it as a diehard red sox fan im not going to go long the atlanta braves but this is textbook gabelli it was 20 something now its on the edge of 40 explain why the atlanta braves are going to win the gabelli world series this year you know im sorry about the red sox losing last night the braves are doing well independent of that the pitch clock is having an impact on baseball by shortening it i will do well get the results over time but in addition to that you have other reasons for attendance you have other reasons for revenues theres about 62 million shares a b 80 are a nba yard the not lower voting stock our clients own a significant piece of the voting stock and so as a result of that we are obviously cheerleaders for the atlanta braves and we think between battery park that is the area in which the stadium is right the value of the franchise i think youre going to get you know forty five point fifty five dollars a share somewhere in an extra right thats it its a and if you dont want to own it because youve got emotional dynamics such as life thats your portfolio but give a share everybody listening should get one hundred shares from others they wonder what they like mario gabelli of the atlanta braves putting me in the gabelli itll double time out share is well there will be reports on disney mario i think of you and gordon crawford and capital guardian trust is being people that have followed this entertainment idiocy were you surprised its a streaming nonprofit in his disney the mother of all gabelli values well youve got to look at the amount of money being spent on content by the companies as an example disney will probably be 28 to 30 billion netflix is trying hard to get up to 13 of 14 or 15 billion paramounts so higher than that then you have apple trying to catch up with apple cumulatively maybe for the last five years have spent 13 billion so they dont have any context so where and how do you find you know i love lucy and i love tom keene and i love lisa those kind of contents are buried in there and they come back and for example a beautiful life with jimmy stewart because the bank run people are going back and looking at that so how important is the embedded value what is that when you do a theatrical box office you had a 42 billion dollar business but the theater operators get 40 percent of that or higher so now you go direct to streaming and unfortunately because of the regulatory organizations the companies like at t and verizon and tmobile dont get paid for people using the highways on a super speed i go to the george washington bridge and i pay less than a class a truck so tom from a business point of view yes youve got a learning curve youve got some dynamic short term you want to go global you know we cant be so the us has only got 350 million right the rest of the world has seven billion more right plus my are you still enthusiastic about paramount do you still think that apples going to buy my own reaction is that whatever you have bob barr is doing a great job running the business you have good content theyre obviously making the tough decisions to give them financial flexibility the federal trade commission turned down in ability for them to monetize simon schuster what theyre gonna do theyre gonna do bbt theyre going to try to raise some capital there but you know from my point of view a year or two from now they have to sell the spin which theyve done before and theyre very good for example nobody applauded them when they bought pluto for as new yorkers would say butkus and they basically have done a great job on that now independent of that without getting into too much details you know they were spending six hundred million dollars a year on cash dividends thats going to be down us you know 20 cents times 650 dow jones you know a significant amount of less so over the next couple of years put the foundations back in place accelerate the growth and execute and thats what theyre going to do and then you could ask the simple question yeah if youve got a stock selling at 30 which is now 19 lets call it 30 and you basically multiply that by 650 million shares youre talking about a 20 odd billion dollar equity value and then youve got dead ill probably be down a billion if they do these sale of these assets and keep the cash flow so youre talking about a tiny little morsel so if sherry who owns 30 of the 40 million voting shares decides that you know hey you know apple wants to pay me a you know x dollars and its de minimus for them and they dont have the broadcast stations anymore because theyre spun out of their process spending you know lovemaking takes place in a variety of ways so mario on a broader level you did just get back from omaha where you were at the berkshire hathaway annual meeting a shareholder meeting have you ever heard warren buffett this negative this gloomy this pessimistic on stock did you take a message from that the united states i disagree with you completely warren buffett basically pounded away at the idea that if you believe in the virtues of the american system that allowed him for 80 years when he first started investing at the age of 13 to make a lot of money that tailwind continues to flourish so is he practical yeah i mean you know hes very patient and so as a result hes got his cash hes waiting for it all of us are going to focus on it 13 f thats coming out by monday and see what he bought what he saw right now so what you know hes got smart people working for him and gregg a first announced greg abel now taking over and a g jane continue to run the insurance business for managements dax has been identified everyone wants to know the value trap that the banks in your research you say to me that you want to buy a southern bank for acquisition my theme for the years the great zombie roll up are the smaller banks one collective zombie and there we are going to see a massive bank roll up led by banks in the south you know look youve got all of the right dynamics we have a lot of banks but you know lets flash back you and i have been doing this for a few years you had a crisis in 1960 7 8 9 when the banks lend money to oil tankers or whatever they were in the 70s you had heard that bank and a whole bunch of oil go bust you old and the 80s you started one thousand banks time went bust and the savings and loan association crisis because of that the accounts put in a real call ultimately dont advertise and then you had no interest rates for an extended period of time so somebody says ive got a deposit im going to lend it long it cost me no money the basic bank problem is you borrow short and lend long youve got a problem independent of that you still need to have that service for the american public the american economy and i will get over this notion of how bad the office right and so thats it mark omara weve got one yankees fan hes down in florida and this yankees fan emails this is the breadth of the market is important broad based rallies have the potential to continue while narrowing rallies are prone to ferrell a failure quoting the great bob farrell of merrill lynch years ago if youve ever seen anything as narrow as what we see with apple computer and for other stocks and what do we do about it well you got a lot of dynamics if i was growing up tom playing world of warcraft and im now playing diablo four on my machines i am very quick learner i want instant results i want to play momentum clearly you know and then i get on robin hood and then you get quants mobile al goes and ai all coming together to do trading the markets of the markets ok the values of the values over the next right now for example even if gdp is down 2 percent inflations 5 youre going to get nominal revenues going at three and thats a large basket for what you talked about before on your show of companies having gross margins as dna theyre learning how to deal manufacturing reassuring to the united states hasan is out that is the just in time inventory now you bring it closer and you get more efficient and you do a guy and you start doing a lot of automation and you pray for immigration because thats where the long term growth of this country is coming from mario weve talked about how we are seeing an increasing number of people go back to stock picking from just simply indexing do you notice that in the day to day do you notice more people interested in trade that youve always practiced and you continue doing so now but go back one giant step i come from a culture where we had graham dodd roger murray bruce greenwald and now thomas santos teaching value investing how do you do research what is the value of an enterprise who is going to buy it what would private equity pay what is the capital structure that they can tolerate what is the tax structures how good is the bank then you cut through all the crap right got how good is the business how good is the management right of bad news if buying of are they well below what you think the intrinsic value is and therefore that discount you know will go right and that over time you got to do ok i think the market tom in 45 years will be a 1 million on the dow so you know that 70 percent returns your money but youre showing your cards are you showing your morningside heights cards here and the bottom line is columbia business school you mentioned grab don and call in a guy named buffet went there years ago is well does the young turks of columbia business school believe in the traditional warren buffet securities analysis theres a lot of cultures that come in in quotes in the financial area you want to integrate analytics tom if you and i were around two hundred years ago what we would be talking about today on this show was that the rothschild has got a pigeon to tell them who won the battle at waterloo and that they went down and did something on the stock market we can talk about that another talks then used to go to have warren buffett go down in washington dc the microfiche data on graham then you i did it at the new york stock exchange today i gave a speech and i said chad gee petey i got my grandson to do it and it was a brilliant speech and it took him five seconds so the question is how quickly can we gather data how quickly go and use it but then when you get youve got to be for some practical joke one has to go into this mary one more question speak to the people out there that want to be in the market but theyre scared stiff how do you play how do you participate well first of all youve got to do what buffett says which is patience long term dont worry about the short term dynamics you for a you know if i owned a farm out in iowa or in the bronx so lets buy a farm in the bronx im not going to wake up every day and figure out what the prices are im gonna look at it and say what are my cash flows and what am i predictability at and what can i harvest same thing with good businesses if you buy a good bad bunch of business then you know whether i like to take that trip textron trait and televisa my ts you know we can talk about these things the stocks will go down theyll go up but you know five years from now i think a small percent cac

shares of ulta beauty inc ulta shed 211 to 48068 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 this was the stocks second consecutive day of losses ulta beauty inc closed 7592 short of its 52week high 55660 which the company reached on may 1st the stock underperformed when compared to some of its competitors monday as target corp tgt fell 024 to 15191 and macys inc m rose 108 to 1495 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 hanesbrands inc hbi shed 130 to 454 thursday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 079 to 441159 and dow jones industrial average djia falling 107 to 3392226 this was the stocks second consecutive day of losses

shares of synopsys inc snps inched 065 higher to 36338 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 076 to 398135 and the dow jones industrial average djia rising 105 to 3300357 synopsys inc closed 2779 short of its 52week high 39117 which the company achieved on august 15th the stock demonstrated a mixed performance when compared to some of its competitors thursday as applied materials inc amat rose 101 to 11845 lam research corp lrcx fell 019 to 48998 and autodesk inc adsk rose 242 to 20113 trading volume 535876 remained 240141 below its 50day average volume of 776017 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 technipfmc plc fti slid 172 to 916 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 113 to 385593 and dow jones industrial average djia falling 101 to 3070623 technipfmc plc closed 023 short of its 52week high 939 which the company reached on september 15th despite its losses the stock outperformed some of its competitors tuesday as nov inc nov fell 292 to 1665 and oil states international inc ois fell 378 to 433 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

the president of the cleveland federal reserve welcomed “some easing” in us inflation but she also said the central bank needs to keep raising interest rates until price pressures dissipate more rapidly “given that inflation has consistently proven to be more persistent than expected and there are significant costs of continued high inflation i currently view the larger risks as coming from tightening too little” said loretta mester in a speech at princeton university mester did not indicate whether she would back a smaller increase in interest rates when senior fed officials hold their next big meeting in december the fed has raised a key shortterm us interest rate by threequarters of a point at its last four meetings pushing it to a top end of 4 from near zero in the spring the goal is to try to slow the economy enough to bring inflation down the annual rate of inflation has come off a rolling boil slowing to 77 in october from a pandemic peak of 91 in the summer according to the latest consumer price index the slowdown in inflation sent stocks djia spx soaring in thursday trades inflation it still about four times higher compared to prepandemic levels however “if you look at inflation it’s still unacceptably high” mester said other fed officials also offered similarly tough remarks on thursday the cleveland fed chief said the economy needs to slow further to dampen inflation there’s still too much demand for goods services and labor she said even after the economy slows mester said the fed will likely have to keep interest rates high for a while to make sure inflation recedes back to prepandemic levels that’s expected to result in higher unemployment “the transition back to price stability will take some time and will not be without some pain” mester said yet the bigger risk to the economy in the long run she said is persistently high inflation

shares of qorvo inc qrvo inched 088 higher to 8226 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 021 to 364729 and dow jones industrial average djia falling 043 to 2913499 qorvo inc closed 9624 short of its 52week high 17850 which the company reached on november 3rd the stock outperformed some of its competitors tuesday as analog devices inc adi rose 070 to 14181 and skyworks solutions inc swks rose 042 to 9326 trading volume 939359 remained 367359 below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of carnival corp ccl rose 336 to 984 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 146 to 378999 and the dow jones industrial average djia rising 100 to 3066853 the stocks rise snapped a fiveday losing streak carnival corp closed 1988 short of its 52week high 2972 which the company reached on june 17th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as marriott international inc mar rose 169 to 15480 royal caribbean group rcl rose 051 to 3969 and carnival plc adr cuk rose 357 to 900 trading volume 668 m eclipsed its 50day average volume of 387 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 essex property trust inc ess inched 023 higher to 21449 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 168 to 392056 and the dow jones industrial average djia rising 106 to 3215540 this was the stocks second consecutive day of gains essex property trust inc closed 14887 short of its 52week high 36336 which the company achieved on april 21st the stock underperformed when compared to some of its competitors tuesday as avalonbay communities inc avb rose 109 to 17021 equity residential eqr rose 115 to 5992 and udr inc udr rose 094 to 4064 trading volume 615701 eclipsed its 50day average volume of 558944 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 amc entertainment holdings inc cl a amc inched 038 higher to 1586 monday on what proved to be an allaround grim trading session for the stock market with the nasdaq composite index comp falling 040 to 1383846 and dow jones industrial average djia falling 058 to 3455299 this was the stocks second consecutive day of gains amc entertainment holdings inc cl a closed 5676 short of its 52week high 7262 which the company reached on june 2nd trading volume 340 m remained 123 million below its 50day average volume of 463 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

cathie wood sells 34m in tesla and loads up on twitter and these 2 stocks cathie wood’s money managing firm ark invest on tuesday bought 111 million shares estimated to be worth 4887 million in twitter inc nyse twtr piling up more shares on the dip just a day after a big leadership change at the social media compan

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shares of aes corp aes advanced 137 to 2071 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 045 to 432882 and dow jones industrial average djia falling 004 to 3371471 aes corp closed 918 below its 52week high 2989 which the company achieved on december 13th the stock demonstrated a mixed performance when compared to some of its competitors monday as nextera energy inc nee rose 016 to 7429 duke energy corp duk rose 125 to 9084 and dominion energy inc d rose 187 to 5279 trading volume 55 m remained 10 million below its 50day average volume of 65 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

finding the best car insurance rates in any city requires some comparison shopping in this article our home media reviews team will break down average auto coverage rates in atlanta georgia and the top insurance providers in the area once you’re ready to shop for a policy we recommend comparing quotes from several of the best car insurance companies to lock in the cheapest rates autoowners insurance georgia farm bureau insurance and usaa offer consistently low car insurance rates for atlanta drivers as we share auto insurance coverage estimates in this article we’ll also discuss how demographics and driving records influence insurance premiums according to our cost estimates autoowners insurance offers the cheapest minimum liability car insurance in atlanta at just 39 per month or 468 per year georgia farm bureau insurance and usaa are also among the cheapest car insurance companies for minimum coverage with average rates of about 50 per month however keep in mind that usaa is only available to members of the military veterans and their eligible family members the state minimum car insurance requirements in georgia are 25000 bodily injury liability per person and 50000 per incident georgia drivers also need to have 25000 per incident in property damage liability georgia farm bureau insurance offers the cheapest fullcoverage policy in atlanta at just 118 per month or 1417 per year usaa is close behind at 119 per month or 1433 per year fullcoverage car insurance includes both collision and comprehensive coverage collision coverage helps pay for damages to your car from accidents you cause comprehensive coverage protects your vehicle from damage related to theft vandalism and environmental causes car insurance quotes in atlanta vary according to many factors your age group marital status and driving history all play key roles in your car insurance premiums older drivers and married drivers pay lower rates on car insurance than those who are younger and single coverage rates for young drivers and teen drivers in particular are especially high as they’re more likely to be involved in accidents according to our cost data usaa offers the lowest car insurance rates for single 24yearolds in atlanta while georgia farm bureau insurance offers the cheapest coverage for married 35yearolds speeding tickets atfault accidents and driving under the influence dui violations have a significant impact on car insurance rates while good drivers with clean driving records pay the lowest rates repeated offenses on a driving record are especially harmful as auto insurance companies view these drivers as major risks atlanta drivers with a speeding ticket for going 1620 miles per hour over the speed limit can find affordable car insurance policies through georgia farm bureau insurance the company offers full coverage for 118 per month or 1418 per year to atlanta drivers with speeding violations atlanta drivers pay more than the national average for fullcoverage and minimumliability auto insurance policies the average rate for full coverage in atlanta is 163 per month or 1951 per year which is above the national average of 144 per month or 1730 per year when it comes to minimum liability coverage atlanta drivers pay an average of 68 per month or 815 per year the national average for minimum coverage is 53 per month or 635 per year car insurance prices in atlanta what affects them there are a few key factors that determine car insurance rates including atlanta drivers pay more for car insurance than the national average to find the best rates you’ll need to shop around and compare car insurance rates from a range of providers you can also get lower premiums by choosing a plan with lower coverage limits and a higher deductible as well as by taking advantage of any car insurance discounts available

shares of eastman kodak co kodk slid 481 to 455 wednesday on what proved to be an allaround rough trading session for the stock market with the nasdaq composite index comp falling 154 to 1118366 and dow jones industrial average djia falling 012 to 3355383 the stocks fall snapped a fourday winning streak eastman kodak co closed 295 below its 52week high 750 which the company reached on march 31st the stock underperformed when compared to some of its competitors wednesday as canon inc adr caj fell 027 to 2237 hp inc hpq fell 416 to 2929 and fujifilm holdings corp adr fujiy fell 117 to 5258 trading volume 487903 remained 132359 below its 50day average volume of 620262 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

denmarks ap moellermaersk as reported results for the first quarter on wednesday heres what we watched revenue maersk had prereleased some firstquarter figures including revenue of 193 billion up 55 from a year earlier driven by continued supplychain disruptions that have sent container freight rates higher earnings maersk had also reported firstquarter underlying earnings before interest taxes depreciation and amortization of 92 billion and underlying earnings before interest and taxes of 79 billion net profit rose to 678 billion in the first quarter from 272 billion falling short of the 708 billion seen in a factset poll volumes rates revenue at its shipping unit rose 64 driven by higher freight rates caused by bottlenecks and congestion across globalsupply chains freight rates in the quarter rose by 71 on the year while shipping volumes slipped 67 the average freight rate rose to 4553 for an ffea standard 40foot containerin 1q from 2662 in 1q 2021 fuel fuel costs increased by 51 on the year to 165 billion from 109 billion last year as average fuel prices increased by 54 to 611 a metric ton partially offset by a 16 decrease in bunker consumption russia maersk said it will withdraw completely from doing business in russia and has started a process to divest its 31 stake in global ports investments which operates six terminals in russia and two in finland it will also exit its two warehouses in russia a coldstorage facility in st petersburg and an inland terminal in novorossiysk while its svitzer unit will divest its russian operation that provides towage services in sakhalin the financial impact of the russiaukraine war on firstquarter earnings before interest and tax was 718 million guidance maersk cautioned that continuing covid19 lockdowns in china could worsen global supplychain congestion while russias invasion of ukraine has added to bottlenecks the company confirmed its recently upgraded guidance for 2022 underlying ebitda of around 30 billion underlying ebit of around 24 billion and free cash flow above 19 billion maersk expects conditions in its shipping unit to normalize early in the second half of 2022 and global container demand is seen at minus 1 to plus 1 in 2022 capital expenditure guidance for 202122 was maintained at 70 billion and for 202223 maersk still sees capital expenditure at 90 billion to 100 billion driven by intensified growth in its logistics and services business as well as environmental social and governance investments

shares of coinbase are trading lower after the largest crypto trading platform in america was hit with an enforcement action from the us securities and exchange commission the stock is down 165 at 49 in premarket trading when the market closed monday shares were up by nearly two thirds since the start of the yearb but down 17 over the prior 12 months wall streets top regulator alleged in a new york federal court tuesday morning that coinbase is operating as an unregistered securities exchange broker and clearing agency coinbase has earned billions of dollars in revenue by collecting transaction fees from crypto traders whom it deprived of disclosures and protections afforded by registration with the sec the agency said the action comes a day after the sec filed a similar complaint against the global crypto exchange binance for allegedly flouting us securities laws mizuho analysts said in a note on tuesday that more than 30 of coinbases revenue could be at risk based on the content of the binance suit which targets the exchanges cryptostaking program and suggests that alt coins are securities that have to be registered about 20 of cobinases revenue comes from alt coins and another 10 comes from staking accounts

shares of hasbro inc has inched 038 higher to 9913 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 132 to 465527 and the dow jones industrial average djia rising 068 to 3513594 the stocks rise snapped a fourday losing streak hasbro inc closed 576 short of its 52week high 10489 which the company reached on july 26th the stock demonstrated a mixed performance when compared to some of its competitors monday as walt disney co dis fell 020 to 14781 nintendo co ltd adr ntdoy rose 450 to 5671 and activision blizzard inc atvi fell 051 to 6031 trading volume 509521 remained 292068 below its 50day average volume of 801589 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

a woman buys in a fruits and vegetables shop at a food market in the andalusian capital of seville southern spain march 7 2016 reutersmarcelo del pozo june 29 reuters spanish 12month inflation rose to 102 in june the first time it surpassed 10 since april 1985 up from 87 the previous month preliminary data from the national statistics institute ine showed on wednesday the reading was higher than the 90 forecast by analysts polled by reuters core inflation which strips out volatile food and energy prices rose to 55 yearonyear from 49 a month earlier the ine data showed spanish european unionharmonised inflation was 100 in the 12 months through june up from 85 a month earlier reporting by joao manuel mauricio in gdansk editing by inti landauro

what combination of market moves could rattle investors according to bank of america strategists led by michael hartnett the new pain trade so to speak would be lower bond yields with a lower nasdaq and a stronger japanese yen every billionaire minting same long tbills long nasdaq barbellbiggest q3 pain trade is lower yields lower nasdaq plus higher yenno one has that on the strategists say in their weekly flow show commentary no carry trade they say is bigger than long the mexican peso against the japanese yen this year the mexican currency has vaulted 23 against its japanese counterpart a carry trade involves borrowing in a low interestrate currency to fund an investment at a higher rate the nasdaq also has seen meteoric gains this year with the nasdaq composite jumping 31 so far techs have weathered higher rates from the artificialintelligence speculative frenzy though they do to tend to react to changes in the interest rate environment tech stocks have led gains for the sp 500 up 149 yeartodate while the dow jones industrial average lags behind up 24 hartnett and team say ai remains a narrative based on speculative numbers albeit impressive ones given chatgpt usage they say a sell the last hike by the fed move will hit tech the hardest but if ai and magnificent 7 can shrug off new ratesshock then baby bubble set to mature into something bigger in the second half the magnificent seven refers to apple aapl nvidia nvda meta platforms meta tesla tsla amazoncom amzn microsoft msftand alphabet googl this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal

shares of international business machines corp ibm slid 199 to 12405 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 165 to 393697 and dow jones industrial average djia falling 163 to 3203011 the stocks fall snapped a twoday winning streak international business machines corp closed 2916 below its 52week high 15321 which the company achieved on december 13th the stock underperformed when compared to some of its competitors wednesday as microsoft corp msft fell 054 to 27229 alphabet inc cl c goog fell 153 to 10422 and alphabet inc cl a googl fell 148 to 10337 trading volume 35 m remained 19 million below its 50day average volume of 55 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of centerpoint energy inc cnp slid 144 to 2456 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 095 to 439564 and the dow jones industrial average djia rising 100 to 3425832 the stocks fall snapped a twoday winning streak centerpoint energy inc closed 264 below its 52week high 2720 which the company achieved on august 16th the stock underperformed when compared to some of its competitors wednesday as dominion energy inc d rose 044 to 7484 sempra sre rose 028 to 13084 and atmos energy corp ato fell 003 to 8875 trading volume 71 m eclipsed its 50day average volume of 50 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

if history is any guide there may be good fortune ahead for shares of ase technology holding co asx a socalled golden cross has formed on its chart and not surprisingly this could be bullish for the stock what to know many traders use moving average crossover systems to make their decisions when a shorterterm average price crosses above a longerterm average price it could mean the stock is trending higher if the shortterm average price crosses below the longterm average price it means the trend is lower why its important the 50day and the 200day simple moving averages are commonly used the golden cross occurs when the 50day crosses above the 200day this could mean the longterm trend is changing that just happened with ase technology holding co which is trading around 634 at publication time instead they use it as a signal to start looking for long positions based on other factors like price levels and company fundamentals events for seasoned investors this is just a sign that it might be time to start considering possible long positions with that in mind take a look at ase technology holding cos past and upcoming earnings expectations do you use the golden cross signal in your trading or investing share this article with a friend if you found it helpful this article was generated by benzingas automated content engine and reviewed by an editor

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corning inc glw stock fell 25 in premarket trades tuesday after the glass maker said it would fall short of wall street expectations for firstquarter revenue and profit corning said it expects firstquarter revenue of 32 billion to 34 billion below the analyst estimate of 355 billion according to estimates compiled by factset corning is projecting firstquarter earnings of 35 cents to 42 cents a share which would miss the analyst estimate of 46 cents a share “even though the pandemicrelated disruptions in china are currently impacting the television automotive smartphone and it markets we’ll be ready to capture growth when consumer demand returns” ceo wendell p weeks said in a statement for the fourth quarter corning said it swung to a loss of 36 million or 4 cents a share from net income of 208 million or 24 cents a share in the yearago quarter adjusted earnings fell to 47 cents a share from 51 cents a share and beat the analyst target of 44 cents a share fourthquarter revenue dipped 2 to 341 billion below the wall street forecast of 355 billion

shares of regions financial corp rf slumped 065 to 1981 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 107 to 440027 and dow jones industrial average djia falling 108 to 3496069 this was the stocks fourth consecutive day of losses regions financial corp closed 400 short of its 52week high 2381 which the company achieved on june 1st despite its losses the stock outperformed some of its competitors wednesday as bank of america corp bac fell 073 to 4079 wells fargo co wfc fell 152 to 4797 and pnc financial services group inc pnc fell 117 to 18556true trading volume 43 m remained 26 million below its 50day average volume of 68 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of invesco mortgage capital inc ivr shed 282 to 1585 tuesday on what proved to be an allaround grim trading session for the stock market with the nasdaq composite index comp falling 112 to 1188314 and dow jones industrial average djia falling 096 to 3179087 this was the stocks third consecutive day of losses invesco mortgage capital inc closed 1815 below its 52week high 3400 which the company reached on november 5th the stock underperformed when compared to some of its competitors tuesday as annaly capital management inc nly fell 153 to 644 agnc investment corp agnc fell 205 to 1194 and starwood property trust inc stwd fell 197 to 2288 trading volume 635454 remained 474504 below its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

blackbaud inc blkb said tuesday its board unanimously adopted a limited duration stockholder rights plan or a socalled poison pill with an expiration date of oct 2 2023 the company which makes cloud software for the philanthropic community said the rights plan “will reduce the likelihood that any entity person or group gains control of blackbaud through openmarket accumulation without paying all stockholders an appropriate control premium” the rights are triggered if any party has more than a 20 share of stock in the company the move comes after private equity firm clearlake disclosed on oct 3 that it’s talking to the company’s management and board to evaluate strategic alternatives to increase shareholder value governance and control clearlake currently owns an 184 stake in blackbaud shares of blackbaud rose 04 in premarket trades

shares of keycorp key slumped 095 to 943 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 079 to 441159 and dow jones industrial average djia falling 107 to 3392226 this was the stocks second consecutive day of losses

shares of walgreens boots alliance inc wba rallied 127 to 3193 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 027 to 3366502 and the sp 500 index spx falling 038 to 426752 this was the stocks fourth consecutive day of gains walgreens boots alliance inc closed 1114 below its 52week high 4307 which the company reached on june 8th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as amazoncom inc amzn fell 425 to 12123 cvs health corp cvs rose 138 to 7148 and mckesson corp mck fell 112 to 38462 trading volume 64 m remained 565931 below its 50day average volume of 70 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of advance auto parts inc aap slid 424 to 13882 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 002 to 3266184 and the sp 500 index spx falling 047 to 395139 the stocks fall snapped a twoday winning streak advance auto parts inc closed 9261 below its 52week high 23143 which the company reached on april 21st the stock underperformed when compared to some of its competitors wednesday as oreilly

sept 9 reuters european stock futures slid on thursday tracking asian shares lower on concerns of slowing global growth while expectations were running high for the european central bank to announce a timeline to slow down bond purchases later in the day futures tracking europe’s top 50 firms were down 06 by 0605 gmt among regional markets uk’s ftse futures led the declines with 08 drop and german dax futures lost 05 the ecb is expected to slow its bond buying via its pandemic emergency purchase programme pepp according to a reuters poll but also reassure markets that this is not the start of a gradual exit from easy policy asian shares dropped more than a percent with chinese gaming stocks coming under pressure from fresh regulatory scrutiny while data showed china’s factory gate inflation hit a 13year high in august reporting by sruthi shankar in bengaluru editing by saumyadeb chakrabarty

shares of celanese corp ce slumped 047 to 16577 thursday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 030 to 454978 and the dow jones industrial average djia falling 002 to 3560308 the stocks fall snapped a twoday winning streak celanese corp closed 523 short of its 52week high 17100 which the company reached on may 10th despite its losses the stock outperformed some of its competitors thursday as exxon mobil corp xom fell 182 to 6269 eastman chemical co emn fell 076 to 10743 and westlake chemical corp wlk fell 173 to 10000true trading volume 538449 remained 78760 below its 50day average volume of 617209 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

a fresh outbreak of covid19 cases in chinese capital beijing was dominating headlines on the pandemic on monday as health officials reacted with extreme measures to prevent further spread beijing started to test millions and shut down residential and business districts after 47 cases were found since friday as the associated press reported the city’s more than 21 million residents began to stock up on food anxious to avoid the shortages that hit shanghai in recent weeks amid a strict lockdown long lines formed in supermarkets as shoppers purchased rice noodles vegetables and other food items while store workers hastily restocked some empty shelves state media issued reports saying supplies remained plentiful in beijing despite the buying surge shanghai which has been locked down for more than two weeks reported more than 19000 new infections and 51 deaths in the latest 24hour period pushing its death toll from the ongoing outbreak to more than 100 the central city of anyang along with dandong on the border with north korea also announced lockdowns as the omicron variant spreads across the vast country “china’s zerocovid policy may turn into a zerogrowth policy” said david donabedian chief investment officer of cibc private wealth us with 98 billion in assets under management “china’s economy had been growing but lockdowns are weakening that economy and raising global concerns china plays a huge part in the global supply chain so closing factories and ports has created a shortage mentality that is front and center in the financial markets right now” he said the news unsettled us stock investors coming at a time when cases have started to rise again in the us fter their steep decline early in the year driven by the ba2 variant and two new subvariants that appear to be even more infectious the two named ba212 and ba2121 were highlighted by health officials in new york state recently the us is averaging 46925 cases a day according to a new york times tracker up 51 from two weeks ago hospitalizations which had also been steadily declining are also ticking up the country is averaging 15642 hospitalizations a day up 4 from two weeks ago but still close to the lowest since the first weeks of the pandemic the daily death toll has fallen below 400 to 362 on average the official death toll is expected to exceed one million within weeks public health officials are concerned that the world is not going to meet the target set last year by the world health organization of getting 70 of the global population vaccinated by june the new york times reported the momentum has stalled as us covid funding has dried up with only a handful of the world’s poorest countries including bangladesh bhutan cambodia and nepal reaching the 70 threshold the who has repeatedly warned that allowing the virus to run unchecked in major parts of the world creates the risk that new variants will emerge that prove resistant to vaccines coronavirus update marketwatch’s daily roundup has been curating and reporting all the latest developments every weekday since the coronavirus pandemic began other covid19 news you should know about new york city mayor eric adams said sunday he is planning to invest more than 170 million in the budget for fiscal 2023 to help homeless new yorkers get off the streets the money is expected to fund 1400 more shelter beds “with increased risk and difficulty accessing resources during the pandemic it is more important now than ever to provide shelter and resources for the unsheltered population around the city said nyc councilmember althea stevens in remarks on the news britain’s travel curbs on airlines during the covid pandemic were disproportionate and confusing and financially ravaged the sector uk lawmakers concluded monday as afp reported parliament’s crossparty transport committee delivered the verdict in a key report into aviation during the emergency health crisis britain imposed passenger testing and quarantine rules and a “traffic light” system ranking covid risks from destination countries one of the first cruise ships to be allowed to return to western australia is experiencing a covid outbreak the guardian reported health officials said they are working to manage an undisclosed number of positive cases on the coral discoverer which is docked at broome in he state’s northwest small cruise ships carrying no more than 350 passengers and crew have been permitted to enter wa waters since 17 april the coral discovered has a capacity of just 72 passengers french drug company valneva se valn said the european medicines agency has requested additional information about its covid19 vaccine candidate valneva said it will respond to the request and if the new data are accepted by the ema’s committee for medicinal products for human use it expects authorization this quarter the uk recently authorized valneva’s covid19 shot here’s what the numbers say the global tally of confirmed cases of covid19 topped 5095 million on friday while the death toll rose above 621 million according to data aggregated by johns hopkins university the us leads the world with 809 million cases and more than 991280 fatalities the centers for disease control and prevention’s tracker shows that 2193 million people living in the us are fully vaccinated equal to 661 of the total population but just 100 million are boosted equal to 456 of the vaccinated population

uber technologies inc lost billions of dollars in the first quarter mostly due to its investments but beat analysts’ estimates as it reported results earlier than planned wednesday morning uber uber shares fell as much as 27 in premarket trading but were paring some of those losses after falling 3 tuesday to close at 2947 uber reported a firstquarter net loss of 59 billion or 304 a share compared with a loss of 108 million or 6 cents a share in the yearago period the company attributed 56 billion of that loss to its investments in its stakes in grab holdings ltd grab aurora innovation inc aur and didi global inc didi the company also said the loss included 359 million in stockbased compensation costs despite the whopping loss dara khosrowshahi chief executive of the ridehailing and delivery giant in a statement touted his company’s progress in “navigating out of the pandemic… in april mobility gross bookings exceeded 2019 levels across all regions and use cases” the company reported overall gross bookings of 2645 billion beating analysts’ expectation of 2596 billion mobility or rides gross bookings were 1072 billion compared with 677 billion in the yearago period delivery gross bookings were 139 billion up from 1246 billion in the first quarter last year analysts expected 1076 billion in rides gross bookings and 1377 billion in delivery gross bookings revenue more than doubled to 685 billion from 29 billion in the yearago quarter adjusted ebitda was 168 million exceeding analysts’ average estimate of 134 million that compares with negative adjusted ebitda of 359 million in the yearago quarter analysts surveyed by factset had forecast an adjusted loss of 27 cents a share on revenue of 61 billion uber was supposed to report results wednesday after the markets closed but it announced tuesday night that it would move up its announcement and earnings call to wednesday morning ridehailing rival lyft inc lyft had seen its shares clobbered after reporting results tuesday weighing on uber’s stock see lyft stock plunges 26 after forecast rider numbers come up short for the second quarter uber expects gross bookings of 285 billion to 295 billion and adjusted ebitda of 240 million to 270 million shares of uber have fallen almost 30 year to date while the sp 500 index spx is down almost 13 so far this year

shares of interpublic group of cos ipg rose 235 to 3701 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 023 to 446873 and the dow jones industrial average djia rising 076 to 3486963 the stocks rise snapped a twoday losing streak interpublic group of cos closed 087 short of its 52week high 3788 which the company achieved on august 13th the stock outperformed some of its competitors monday as omnicom group inc omc rose 117 to 7251 and publicis groupe sa adr pubgy rose 079 to 1666 trading volume 36 m remained 178806 below its 50day average volume of 38 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of bank of new york mellon corp bk slipped 130 to 4015 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 016 to 412408 and dow jones industrial average djia falling 003 to 3330062 this was the stocks third consecutive day of losses bank of new york mellon corp closed 1211 short of its 52week high 5226 which the company reached on february 14th the stock demonstrated a mixed performance when compared to some of its competitors friday as jpmorgan chase co jpm fell 143 to 13410 wells fargo co wfc fell 219 to 3749 and morgan stanley ms fell 029 to 8239 trading volume 57 m remained 331849 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

shares of norfolk southern corp nsc inched 022 higher to 20808 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 165 to 391929 and the dow jones industrial average djia rising 106 to 3215540 the stocks rise snapped a threeday losing streak norfolk southern corp closed 8347 below its 52week high 29155 which the company achieved on march 31st the stock outperformed some of its competitors tuesday as union pacific corp

shares of cincinnati financial corp cinf sank 003 to 10683 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 039 to 394994 and dow jones industrial average djia falling 013 to 3370028 cincinnati financial corp closed 3639 below its 52week high 14322 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors monday as travelers cos inc trv rose 054 to 18555 erie indemnity co cl a erie fell 133 to 26442 and american financial group inc afg rose 010 to 14228 trading volume 535686 remained 344500 below its 50day average volume of 880186 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 lennar corp cl a len slipped 171 to 7654 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 041 to 390819 and dow jones industrial average djia falling 055 to 3114530 the stocks fall snapped a twoday winning streak lennar corp cl a closed 4100 short of its 52week high 11754 which the company reached on december 13th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as dr horton inc dhi fell 195 to 6999 nvr inc nvr fell 130 to 404001 and pultegroup inc phm fell 158 to 3981 trading volume 22 m remained 486694 below its 50day average volume of 27 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of alexandria real estate equities inc are rallied 166 to 14982 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 087 to 399173 and the dow jones industrial average djia rising 017 to 3359292 the stocks rise snapped a twoday losing streak alexandria real estate equities inc closed 7513 below its 52week high 22495 which the company reached on december 31st the stock outperformed some of its competitors tuesday as vornado realty trust vno rose 068 to 2511 physicians realty trust doc rose 028 to 1446 and retail opportunity investment corp roic rose 066 to 1527 trading volume 739272 remained 72563 below its 50day average volume of 811835 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 rollins inc rol slid 059 to 3511 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 153 to 398637 and dow jones industrial average djia falling 172 to 3285646 rollins inc closed 795 below its 52week high 4306 which the company achieved on november 2nd despite its losses the stock outperformed some of its competitors tuesday as ecolab inc ecl fell 198 to 15782 trading volume 12 m remained 72181 below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of aes corp aes rallied 168 to 2116 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 aes corp closed 873 short of its 52week high 2989 which the company reached on december 13th the stock outperformed some of its competitors monday as nextera energy inc nee rose 013 to 7458 duke energy corp duk fell 058 to 9197 and dominion energy inc d rose 008 to 5216 trading volume 37 m remained 15 million below its 50day average volume of 52 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 conocophillips cop inched 059 higher to 9021 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 009 to 447501 and the dow jones industrial average djia falling 016 to 3493427 the stocks rise snapped a twoday losing streak conocophillips closed 472 below its 52week high 9493 which the company achieved on february 4th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as exxon mobil corp xom rose 046 to 7835 chevron corp cvx rose 003 to 13430 and petrochina co ltd adr ptr rose 262 to 5213 trading volume 68 m remained 12 million below its 50day average volume of 80 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares were mostly lower in asia on wednesday with markets in china japan and some other markets still closed for holidays hong kong’s hang seng hsi dropped 12 while the kospi 180721 in seoul lost 03 australia’s spasx 200 xjo edged 02 lower taiwan’s benchmark y9999 rose and most other regional markets were closed on tuesday stocks closed modestly higher on wall street as investors waited for wednesday’s decision by the federal reserve on interest rates the fed is expected to raise its benchmark rate by twice the usual amount this week as it steps up its fight against inflation which is at a fourdecade high it has already raised its key overnight rate once the first such increase since 2018 and wall street is expecting several big increases over the coming months “all eyes are peering toward the fomc meeting and a rate hike is an absolute given” clifford bennett chief economist at acy securities said in a commentary market players might pick up bargains on the assumption that the rate increase has already been taken into account but he added that “this excludes the ongoing shock to consumers and particularly mortgage holders that will reverberate in an accelerating fashion throughout the economy this ‘pain’ process will likely continue for the next one to three years in the real world” central banks in many countries are raising rates as inflation squeezes businesses and consumers to counter that regulators are raising costs for borrowing that had dipped to record lows during the pandemic but higher prices on everything from food to gas and clothing and on borrowing will likely slow consumer spending crimping economic growth weighing on all markets are the uncertainties brought by russia’s invasion of ukraine wall street advanced tuesday on hopes that the fed won’t shock the markets with more aggressive monetary tightening plans than expected investors will be watching to see how fed chair jerome powell frames the future outlook analysts said on tuesday the sp 500 spx ended 05 higher at 417548 the dow jones industrial average djia rose 05 to 3312879 and the nasdaq comp inched up 02 to 1256376 banks and other financial stocks helped lift the market energy stocks also made solid gains following encouraging quarterly earnings reports from several oil and gas companies retailers and other companies that rely on direct consumer spending lagged the broader market bond yields were mixed the yield on the 10year treasury fell to 297 from 299 late monday treasury yields have been generally rising all year as investors prepare for higher interest rates which will make borrowing money more expensive investors have been closely reviewing the latest round of company earnings to get more details on how inflation is impacting business and consumer activity they also are getting some updates on the labor market which was slow to recover from the pandemic initially but has grown stronger the bureau of labor statistics reported on tuesday that employers posted a record 115 million job openings in march meaning the united states now has an unprecedented two job openings for every person who is unemployed on friday the labor department is expected to report that the economy generated another 396000 new jobs in april according factset that would mark an unprecedented 12th straight month that hiring has come in at roughly 400000 or more benchmark us crude clm22 rose 99 cents to 10340 per barrel in electronic trading on the new york mercantile exchange it gave up 276 on tuesday brent crude oil brnn22 the basis for pricing international oils gained 92 cents to 10589 per barrel the us dollar usdjpy rose to 13012 japanese yen from 13011 yen late tuesday

shares of ansys inc anss inched 012 higher to 22116 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 075 to 387198 and dow jones industrial average djia falling 039 to 3273295 this was the stocks second consecutive day of gains ansys inc closed 19273 short of its 52week high 41389 which the company achieved on november 5th the stock outperformed some of its competitors monday as autodesk inc adsk fell 097 to 21430 dassault systemes se adr dasty fell 244 to 3362 and general dynamics corp gd fell 037 to 24980 trading volume 764083 eclipsed its 50day average volume of 558111 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

gamestop stock is slightly higher in thursday morning trading in the wake of the company’s mixed firstquarter report as analysts expressed concerns over the company’s cash burn gamestop ticker gme posted a firstquarter loss of 208 per share on wednesday wider than estimates for a loss of 145 a share according to a survey of analysts by factset the videogame retailer’s sales of 138 billion however beat expectations for 132 billion the stock waffled throughout the day before settling to mostly unchanged

shares of lamb weston holdings inc lw were unchanged tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 016 to 397127 and dow jones industrial average djia falling 012 to 3239425 lamb weston holdings inc closed 109 short of its 52week high 10277 which the company achieved on march 2nd the stock demonstrated a mixed performance when compared to some of its competitors tuesday as mondelez international inc cl a mdlz rose 062 to 6959

shares of idexx laboratories inc idxx rose 229 to 36428 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 246 to 390106 and the dow jones industrial average djia rising 259 to 3286180 idexx laboratories inc closed 30865 below its 52week high 67293 which the company reached on october 29th the stock demonstrated a mixed performance when compared to some of its competitors friday as abbott laboratories abt rose 264 to 9949 thermo fisher scientific inc tmo rose 111 to 50384 and henry schein inc hsic rose 006 to 7013 trading volume 454448 remained 50870 below its 50day average volume of 505318 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 copart inc cprt inched 061 higher to 9026 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 045 to 439644 and the dow jones industrial average djia rising 080 to 3412242 this was the stocks second consecutive day of gains copart inc closed 008 short of its 52week high 9034 which the company achieved on june 27th the stock outperformed some of its competitors thursday as carvana co cl a cvna fell 817 to 2574 oreilly automotive inc orly rose 004 to 93742 and carmax inc kmx fell 004 to 8434 trading volume 21 m remained 229262 below its 50day average volume of 23 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 tapestry inc tpr rose 197 to 3883 tuesday on what proved to be an allaround dismal 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 this was the stocks third consecutive day of gains tapestry inc closed 353 short of its 52week high 4236 which the company reached on january 5th 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

while reporting a disappointing revenue total and holiday forecast wednesday afternoon contextlogic inc said founder piotr szulczewski will step down as chief executive contextlogic wish the parent company of ecommerce platform wish has struggled this year after an initial public offering late in 2020 in an earnings report wednesday afternoon the company revealed that thirdquarter sales dove to 368 million from 606 million a year ago and said that revenue in the fourth quarter would actually decline from that total despite the holidays analysts on average had expected 372 million in thirdquarter revenue and 469 million in the fourth quarter according to factset but wish revealed that sales early in the quarter are trending poorly “specifically q4 revenue through the end of october is down approximately 20 compared to our average monthly revenue in q3 adjusted for a similar number of days” the company disclosed in its report wish did report a slightly smaller loss than analysts expected 64 million or 10 cents a share vs average expectations for 13 cents a share however the smaller loss was credited to slashed ad spending which was also blamed for the poor holiday forecast “from a financial perspective we exceeded our bottomline guidance range in part due to more efficient and reduced digital advertising spend” executive chair jacqueline reses said in a statement included with the report wish also announced that founder szulczewski will step down as soon as a successor is found or feb 1 2022 whichever comes first he will remain on the board of the company which has engaged an executive search firm to find a new ceo “it has been an honor to found and lead wish through its incredible growth as a private business and during its early days as a publicly traded company” szulczewski said in a statement “my vision in creating wish was to bring affordable and accessible goods to a consumer population that has been neglected by existing ecommerce offerings i am so proud of what we have achieved so far but we still have a long way to go” the stock gained in afterhours trading following the announcements adding about 7 after falling 71 to 510 in the regular session wish stock was popular early in the year but has fallen off along with its sales totals shares have declined 72 so far this year as the sp 500 index spx has gained 247

confidence among uk consumers improved for the fourth month in a row in may amid signs of easing inflation despite the squeeze on spending prompted by climbing interest rates research firm gfk said its consumerconfidence barometer stood at minus 27 in may compared with minus 30 a month earlier matching expectations from economists polled by the wall street journal the reading is the highest since the minus 26 registered in february 2022 but remains downbeat by historical standards as confidence recovers from a record low of minus 49 in september that period was marked by skyhigh energy prices as wholesale gas prices spiked in the months after russias invasion of ukraine the headline score of minus 27 means we are still deep in negative territory and a long way from any sunny uplands however the overall trajectory this year is positive and might reflect a stronger underlying financial picture across the uk than many would think joe staton clientstrategy director at gfk said the rise in the index was driven by consumers better assessment of their personal financial situation over the next 12 months a signal that brits are more hopeful in may about their personal finances than in april all other components measured by gfk including about the uks general economic situation and propensity to make major purchases were up in comparison to last months print while uk consumers have had to contend with costofliving pressures in recent months inflation has steadily eased from fourdecade highs in the latter stages of 2023 inflation was 101 in march slowing from 104 in february according to the most recent data from the office of national statistics and the uk has avoided the recession predicted by many including the bank of england still the economy only grew marginally by 01 in the first quarter and further headwinds could come after the central bank ticked up its key interest rate to 45 from 425 at its last meeting earlier in may

shares of transdigm group inc tdg slipped 254 to 74867 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 138 to 409041 and dow jones industrial average djia falling 126 to 3369685 the stocks fall snapped a threeday winning streak transdigm group inc closed 1996 below its 52week high 76863 which the company achieved on february 15th the stock underperformed when compared to some of its competitors thursday as honeywell international inc hon fell 117 to 19936 raytheon technologies corp rtx fell 048 to 10097 and boeing co ba fell 241 to 21221 trading volume 497960 eclipsed its 50day average volume of 339109 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

drivers can expect to hit a few speed bumps when it comes to paying their car insurance premium this year after already rising 12 in 2021 according to a report from insurify premiums are expected to rise another 5 this year “many consumers can expect higher rates” says john mccormick editorial director at carinsurancecom insurancecom and insurecom you can see the lowest car insurance rates you might qualify for here rates may continue on this upward trend too as consumers drive their cars more explains michael giusti analyst at insurancequotescom “when we all went into lockdown our cars by and large stayed in our driveways fewer miles on the road means fewer opportunities for accidents to happen and by extension lower rates now that lockdowns are over things are largely back to normal and in many cases more expensive” says giusti why is the cost of car insurance going up the biggest driver of increasing rates is the cost to replace a totaled vehicle according to a recent report from insurancequotescom with inflation in full swing and shipping and production delays still at play due to the pandemic bureau of labor statistics data from january indicates new car prices jumped by 12 and used car prices saw a hike of 405 from the year prior other factors are at play too “increased repair costs supply chain issues higher medical costs bad driving resulting in more severe and frequent accidents as we are at prepandemic numbers of cars on the road all affect the cost to insure autos” says ruiz you can see the lowest car insurance rates you might qualify for here what’s more the international shortage of semiconductors derailed the auto industry for months slowing new vehicle productions and inadvertently boosting demand for used cars additionally an increased number of natural disasters in 2021 accounted for more than 105 billion dollars in insured losses leading insurance companies to raise premiums according to data from the swiss re group a worldwide provider of reinsurance insurance and insurancebased risk transfer another reason rates are rising is inflation “it’s increasing the costs of parts and repairs and another factor is an increase in accidents from the lows seen during pandemic lockdowns” says mccormick how to get more affordable car insurance to save money on car insurance this year ruiz recommends shopping around and comparing deals you can see the lowest car insurance rates you might qualify for here increasing deductibles dropping comprehensive or collision coverage on older cars and taking advantage of insurer discounts “bundle home and auto opt in to safe driving programs look for a safe car rating from the iihs seek low mileage discounts and look for loyalty discounts” adds ruiz another big trend that could potentially save you money is usagebased insurance which charges policyholders based on how they drive “insurers are offering a variety of safe driving incentives including telematic devices these get installed in your car to monitor driving behavior and phone apps pay by mile options and more” says ruiz these programs use onboard sensors which are connected to the vehicle’s diagnostic port or a smartphone app to determine things like the number of miles driven the time of day a vehicle is in use the number of hard stops and fast accelerations that take place and other variables that could pose risks one caveat to consider is that not every state allows for usagebased insurance and drivers need to opt in to be monitored when looking for savings it’s important to make sure you’re buying the proper amount of insurance “if you don’t have a lot of assets or if your vehicle isn’t worth a lot then it might not make sense to max out your policy limits that said make sure you buy enough to protect you and your family” says giusti “don’t forget to ask for discounts good students get a bit shaved off their premiums military vets can sometimes save and people with good credit can get a discount depending on the policy and state they’re in but you often only find these discounts by asking what is available” says giusti how much money can i save on car insurance as for how much someone can save a survey from nerdwallet found that good drivers could save upwards of 400 on a policy by switching with drivers in some states snagging savings of 1800 or more of course how much you can save varies by driving record age mileage driven and more “shop and compare to find out how much you can save” says ruiz prices can vary widely within markets depending on which insurer you call which is why giusti says “don’t take the first quote you get” by switching insurance companies he says it isn’t unusual for someone to save several hundred dollars a year just by changing to whom you write your premium check you can see the lowest car insurance rates you might qualify for here

shares of snapon inc sna rose 196 to 20851 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 178 to 464923 and the dow jones industrial average djia rising 160 to 3549270 the stocks rise snapped a twoday losing streak snapon inc closed 5148 below its 52week high 25999 which the company reached on may 10th the stock outperformed some of its competitors tuesday as illinois tool works inc itw rose 048 to 23669 stanley black decker inc swk rose 073 to 17924 and makita corp adr mktay fell 008 to 4357 trading volume 203045 remained 194241 below its 50day average volume of 397286 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 leggett platt inc leg were unchanged thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 176 to 396028 and the dow jones industrial average djia rising 117 to 3224655 leggett platt inc closed 1115 short of its 52week high 4194 which the company reached on august 16th the stock underperformed when compared to some of its competitors thursday as tempur sealy international inc tpx rose 032 to 3784 sleep number

shares of mgm resorts international mgm advanced 227 to 4197 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 057 to 415538 and the dow jones industrial average djia rising 026 to 3306150 mgm resorts international closed 920 short of its 52week high 5117 which the company reached on november 8th the stock demonstrated a mixed performance when compared to some of its competitors monday as las vegas sands corp lvs rose 356 to 3669 wynn resorts ltd wynn rose 175 to 7171 and melco resorts entertainment ltd adr mlco rose 087 to 577 trading volume 63 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

citi analysts on tuesday started covering carvana co and cargurus inc stocks at the equivalent of a hold rating saying the online car marketplaces stand to benefit from growing consumer desire for online shopping and gaining market share in a fragmented industry ronald josey at citi also gave carvana cvna a 550 price target representing upside of about 12 over tuesday prices concerns have swirled about carvana’s debt load and liquidity in recent sessions with some on wall street fearing bankruptcy the stock is down 98 this year compared with losses of around 16 for the sp 500 spx “carvana is the largest online used vehicle dealer offering nationwide coverage across its reconditioning and logistics network” josey said the company is on pace to sell more than 420000 used vehicles this year accounting for around 1 of the us usedcar retail market “in a more normalized market environment for new and used vehicles we believe carvana is well positioned to continue to generate share gains given the highly fragmented retail category for used cars that remains underpenetrated online” the analyst said carvana’s executives are likely to come to “a negotiated agreement” with creditors although the situation bears watching for any impact on demand carvana ramped up investments for growth but the surge in demand for used cars led to rising prices that ended up affecting demand and hitting profit margins as well as financing citi’s josey also started coverage of cargurus carg with a hold equivalent rating and a 14 price target a 3 upside cargurus is an online marketplace and auto platform for research and shopping for new and used cars it also offers dealer services “cargurus’ differentiated reach across its consumer and dealer networks and its endtoend offerings are helping to bring the automotive industry online” josey said citi is “constructive” on the stock saying that the riskreward ratio is “balanced at current levels” shares of cargurus have dropped 59 this year

shares of quanta services inc pwr advanced 208 to 12052 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 047 to 456648 and the dow jones industrial average djia rising 018 to 3574115 this was the stocks sixth consecutive day of gains quanta services inc hit a new 52week high surpassing its previous peak of 11970 which the company achieved on september 15th the stock outperformed some of its competitors monday as emcor group inc eme rose 020 to 12137 mastec inc mtz rose 076 to 8921 and dycom industries inc dy rose 197 to 8145 trading volume 928754 remained 200098 below its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

heading into the appearances markets had been looking for the fed to raise its benchmark interest rate by 025 percentage point at its meeting later this month then perhaps two more moves before stopping with the end point around 525 that changed after powells appearance during which he cautioned that if inflation data remains strong he expects rates to go higher than previously anticipated and possibly at a faster pace than a quarter point at a time markets now strongly expect a halfpoint increase in march and the peak or terminal rate to hit close to 575 before the fed is finished basically it was the january inflation data plus signs that the labor market remains remarkably strong despite the feds efforts to slow it down that made powell who only weeks earlier had talked about disinflationary forces at play switch gears and start talking tough again on monetary policy hes adjusting to data coming in which the entire board should be doing hogan said if the facts change again through the february and march data hell likely become flexible on that side and not push this too far to the point where they need to break something indeed powell said hell be watching a pivotal array of upcoming data closely fridays nonfarm payrolls report followed by next weeks look at the consumer and producer price indexes goldman sachs economists are holding to their forecast for a quarterpoint hike at the march 2122 federal open market committee meeting but concede that its a close call between that and a half point should the fed have to tilt in the more aggressive direction goldman warned in a client note that it could have market impacts with stocks selling off more sharply and downward pressure on commodities plus upward pressure on the dollar powell faced some questioning this week over the feds inflationfighting strategies some more progressive legislators such as sen elizabeth warren dmass and rep ayanna pressley dmass charged that the rate hikes will result in 2 million layoffs and hurt workingclass families disproportionately powell countered that inflation also is hammering those at the bottom end of the income spectrum this is what he is supposed to do joseph brusuelas chief economist at advisory firm rsm said of powells evolving policy stances jay powell is a punching bag in washington at this point hes going to take the blame for establishing price stability if he does that well in the years to come hell be venerated people will speak very highly of him brusuelas is among those who think the fed should accelerate its inflation battle with a halfpoint rate hike however he said policymakers could be swayed by a potentially softer jobs report and inflation data next week that reverses course and shows price increases abating economists expect that payrolls grew by 225000 in february according to dow jones and theres widespread belief that januarys 517000 surge will be revised down in this report perhaps significantly

once one of wall street’s most vocal bulls jp morgan chase co equity analyst marko kolanovic released a much more downbeat outlook for stocks on wednesday calling for equity prices to stumble early next year as the federal reserve’s interestrate rises batter the us economy two weeks ago kolanovic said that he felt the rebound in stocks was overdone after the october consumer price index data showed some stabilization in inflation now he expects market ructions caused by the federal reserve will eventually force the central bank to back off or even pivot as the fed’s “overtightening” slows the economy while the fed’s rate hikes might crush stocks during the first half of next year kolanovic takes a more optimistic view for the second half of the year “the good news is that central banks will likely be forced to pivot and cut interest rates sometime next year which will result in a sustained recovery of asset prices and subsequently the economy by the end of 2023” he said still these latest comments mark a significant shift from kolanovic’s more optimistic nearterm outlook espoused during the summer months while stocks were rebounding from the 52week lows reached in june in the note he attributed his decision to abandon his once “positive” outlook on shifting expectations for the level of the terminal rate for fed funds as the fed’s rate hikes and balance sheet runoff batter markets and the economy kolanovic believes stocks will revisit their recent lows “some time between now and the end of the first quarter of 2023” this outlook is notably not far removed from the nearterm view being espoused by morgan stanley’s michael wilson see sp 500 to bottom in the first quarter creating a ‘terrific buying opportunity’ says morgan stanley’s wilson the sp 500 spx traded at its lowest intraday level in nearly two years on oct 13 as did the dow jones industrial average djia and nasdaq composite comp the dow has risen more than 5000 points off of that day’s lows ultimately a softening us economy weaker corporate earnings and higher interest rates will conspire to send equities lower once again kolanovic said “we believe that 1 previous lows in equity markets are likely to be retested as there may be a significant decline in corporate earnings at a time of higher interest rates implying lower pes and lower prices relative to the 2022 lows and 2 we are inclined to think that this market decline could happen between now and the end of the first quarter of 2023” kolanovic said although the fed’s decision to start shrinking its balance sheet could also play a role in any market turmoil that might emerge before year’s end “one can imagine market turmoil as soon as at the end of this year similar to the 2018 episode qt and manufacturing recession or a selloff post the potentially weak q4 earnings season in february next year” he said to be sure there are still several “mitigating factors” that could help support stocks or even send them higher in the near term one of this is relatively low institutional investor positioning kolanovic said also a surprisingly resilient american consumer could help protect the us economy and delay the onset of a recession while a premature decline in inflationary pressures could allow the fed to pivot back to cutting rates “without significant economic damage” it’s also possible that a surprisingly resilient american consumer or a material decline in inflation could delay the onset of a recession or even allow the fed to pivot “without significant economic damage”

the dow skid 1008 points on friday marking its biggest pullback in more than three months as stocks sold off sharply after federal reserve chairman jerome powell warned of the pain to households and businesses to come as the central bank works to bring inflation back to its 2 target the dow jones industrial average djia tumbled into the closing bell shedding about 1008 points or 3 ending near 32283 its worst daily percentage decline since may 18 according to dow jones market data the sp 500 index spx shed 34 while the nasdaq composite index comp fell 39 all three equity benchmarks finished in the red for the second week in a row

shares of marsh mclennan cos mmc inched 064 higher to 15452 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 071 to 444808 and dow jones industrial average djia falling 079 to 3534328 this was the stocks third consecutive day of gains marsh mclennan cos hit a new 52week high surpassing its previous peak of 15359 which the company achieved on august 16th the stock outperformed some of its competitors tuesday as prudential plc pukpf fell 240 to 2029 willis towers watson plc wltw fell 126 to 21602 and arthur j gallagher co ajg fell 086 to 14170 trading volume 14 m remained 598152 below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of qorvo inc qrvo rose 147 to 10687 thursday on what proved to be an allaround favorable 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 sixth consecutive day of gains qorvo inc closed 772 below its 52week high 11459 which the company achieved on february 1st the stock demonstrated a mixed performance when compared to some of its competitors thursday as broadcom inc avgo rose 005 to 89036 qualcomm inc qcom rose 374 to 12312 and analog devices inc adi rose 147 to 19827 trading volume 952192 remained 339800 below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

sydneygoodman group said it expects operating earnings per security to increase by 23 during the 12 months through june as it continues to benefit from tight supply and demand for industrial property goodmans earnings outlook is markedly higher than its original projection of 10 growth at the start of its fiscal year and its forecast of 20 growth provided at the time of its halfyear result in february management stuck with earlier guidance for an annual distribution of 300 australian cents us021 per security the business environment is changing with increased interest rates inflation geopolitical risks and the ongoing impacts of the pandemic said chief executive greg goodman however the longterm structural drivers of demand have not changed assets under management totalled a687 billion at the end of march compared to a682 billion three months earlier goodman said its property was 987 occupied at the end of march improving from 984 at the end of december likeforlike net property income growth in its fiscal third quarter was 37 the company also reported another increase in its development work in progress which now totals a134 billion up from a127 billion at the end of december

shares of national bank of canada na dropped 022 to c10186 wednesday in what proved to be an otherwise allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 027 to 2029643 national bank of canada closed c297 short of its 52week high c10483 which the company achieved on march 1st trading volume of 765656 shares remained below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

volkswagen is taking a roughly 5 stake in chinese electrical vehicle maker xpeng as part of a broader collaboration through which the companies will jointly develop two bclass battery evs for sale in china xpeng will issue class a ordinary shares in the company that equal about 499 of the companys outstanding share capital and sell them at a price of 15 per american depositary share to volkswagen the investment will total about 700 million the companies said the battery evs that the two companies plan to jointly develop will be sold in the chinese market under the volkswagen brand the companies said the models are expected to start production in 2026 the companies said they will explore other opportunities for cooperation new yorklisted adss of xpeng climbed 175 to 1805 in morning trading write to will feuer at willfeuerwsjcom

want to buy just 1100th a share of amazoncom stock advisors who custody at fidelity will soon have that ability the custodian and financial services giant is rolling out fractional share trading of stocks and etfs also known as dollarbased trades for advisors starting this month it’s a feature that had previously been available for the company’s direct retail investors

thailands central bank maintained its policy rate at a record low to support the countrys economic recovery despite high inflation figures in recent months the bank of thailand said wednesday that its policy committee voted unanimously to leave its oneday repurchase rate unchanged at 050 all six economists polled by the wall street journal had expected the central bank to stand pat on its policy rate despite high inflation readings in recent months price pressures are supplyside driven and demand remains subdued economists say thailands consumerprice index rose 53 in february from a year earlier above the central banks 13 inflation target the countrys gross domestic product rose 19 in the final quarter of 2021