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shares of trane technologies plc tt inched 030 higher to 19447 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 040 to 455464 and the dow jones industrial average djia rising 052 to 3541124 trane technologies plc closed 536 short of its 52week high 19983 which the company reached on july 17th trading volume 943723 remained 259734 below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of autozone inc azo slid 108 to 162298 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 085 to 447953 and the dow jones industrial average djia rising 061 to 3533571 the stocks fall snapped a twoday winning streak autozone inc closed 4365 below its 52week high 166663 which the company reached on august 3rd the stock underperformed when compared to some of its competitors monday as oreilly automotive inc orly fell 063 to 60260 advance auto parts inc aap fell 091 to 20777 and monro inc mnro rose 130 to 5630 trading volume 117835 remained 36489 below its 50day average volume of 154324 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 | 0 |
the owner of former sears stores is looking to sell as many as 50 properties as it tries to generate cash and focus on the development of other sites it owns seritage growth properties a real estate investment trust that emerged from the sears bankruptcy wants to unload 40 to 50 sites that “were less interesting in terms of uses of our capital” according to chief executive officer andrea olshan | 0 |
shares of cvs health corp cvs shed 030 to 9291 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 second consecutive day of losses cvs health corp closed 1834 below its 52week high 11125 which the company achieved on february 8th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as amazoncom inc amzn rose 217 to 8582 unitedhealth group inc unh fell 218 to 51864 and elevance health inc elv fell 210 to 50220 trading volume 63 m eclipsed its 50day average volume of 61 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
us stock futures traded higher this morning here are some big stocks recording losses in today’s premarket trading session gitlab inc shares dipped 311 to 3075 in premarket after the company issued weak revenue guidance bigbearai holdings inc dropped 101 to 205 in premarket trading after reporting a widerthanexpected quarterly loss united airlines holdings inc fell 48 to 4650 in premarket trading united airlines said it now sees q1 adjusted eps of 060 to 100 per share versus analysts’ estimates of 066 per share don’t forget to check out our premarket coverage here new oriental education technology group inc fell 37 to 3918 in premarket trading mcewen mining inc fell 35 to 744 in premarket trading after reporting a wider quarterly loss xpeng inc fell 33 to 800 in premarket trading ocean biomedical inc dropped 32 to 811 in premarket trading ocean biomedical shares gained around 5 on monday after ef hutton initiated coverage on the stock with a buy rating and a 10 price target now read this market volatility increases sharply as banks remain under pressure | 0 |
us bank stocks rose on monday after president joe biden nominated jerome powell for a second term as federal reserve chairman and picked lael brainard for the no 2 spot but the white house for now has left open the critical vacancy on the fed oversight of banks brainard’s name had come up as a possible replacement for departing trump appointee randal quarles as the top bank regulator at the fed but that position now remains open for another biden nominee who could take adversial stance “a lot of investors are probably comfortable with powell as a known entity” said ian katz managing director of capital alpha partners in an email to marketwatch “the eventual vice chair for supervision not the vice chair will drive the bus on regulatory matters that person will be more aggressive on regulatory matters than the fed has been under randy quarles in that position but investors already know that” shares of dow jones industrial average djia components jpmorgan chase jpm and goldman sachs gs rose by 23 and 21 respectively outpacing the 07 rise by the broad index bank of america bac jumped 25 wells fargo wfc rallied by 35 and citigroup c rose by 21 the kbw nasdaq bank index bkx rose 21 in a research note on monday katz said he’s not surprised brainard took the vice chair spot over vice chair for supervision “we had been musing for a while that the supervision job just wasn’t big enough for her after having been a candidate for both fed chair and treasury secretary at different times” katz said the role of vice chair for supervision will likely remain vacant for a while with potential candidates including atlanta fed president raphael bostic former fed governor sarah bloom raskin and acting comptroller of the currency michael hsu among others former fed vice chairman roger ferguson could also be in the mix monday’s announcement could pave the way for the fed to ok some major bank acquisitions but those administrative hurdles may have to wait until the us senate confirms powell katz said cowen analyst jaret seiberg said biden may use the vice chair of supervision nomination as a bargaining chip to win votes for powell and brainard from the liberal wing of the democratic party in the senate the process could take a year he said “he could pick a vice chair of supervision that progressives want in exchange for their votes for the two” seiberg said in a research note cowen’s top contender for the vice chair of job is atlanta fed chief bostic “not only would he be a pragmatic pick but he also would help biden answer demands for more diversity on the federal reserve board” he said “it is hard to see how democrats or republicans could oppose his selection though progressives may not see him as sufficiently tough on big banks” other potential names include sarah bloom raskin the former treasury official “we believe she would be more negative for banks than other picks” he said “any choice will push higher capital and tougher stress tests but we see raskin as more political and less pragmatic” | 0 |
shares of oracle corp orcl inched 014 higher to 8632 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 016 to 399105 and dow jones industrial average djia falling 026 to 3304509 the stocks rise snapped a fiveday losing streak oracle corp closed 490 below its 52week high 9122 which the company reached on february 2nd the stock outperformed some of its competitors wednesday as microsoft corp msft fell 046 to 25151 alphabet inc cl c goog fell 027 to 9180 and alphabet inc cl a googl fell 015 to 9165 trading volume 58 m remained 14 million below its 50day average volume of 72 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 | 0 |
shares of paypal holdings inc pypl shed 505 to 8063 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 039 to 394994 and dow jones industrial average djia falling 013 to 3370028 this was the stocks fourth consecutive day of losses paypal holdings inc closed 11706 short of its 52week high 19769 which the company reached on december 8th the stock underperformed when compared to some of its competitors monday as visa inc cl a v fell 213 to 20632 mastercard inc ma fell 158 to 33825 and american express co axp rose 020 to 15281 trading volume 138 m remained 733888 below its 50day average volume of 146 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 | 0 |
shares of healthpeak properties inc peak rose 183 to 3507 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 018 to 457479 and the dow jones industrial average djia rising 004 to 3575688 the stocks rise snapped a threeday losing streak healthpeak properties inc closed 262 below its 52week high 3769 which the company reached on july 30th the stock outperformed some of its competitors tuesday as welltower inc well fell 068 to 8043 ventas inc vtr fell 017 to 5443 and healthcare trust of america inc hta rose 073 to 3324 trading volume 34 m eclipsed its 50day average volume of 28 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 | 0 |
shares of wynn resorts ltd wynn advanced 151 to 8550 friday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 052 to 450053 and the dow jones industrial average djia falling 006 to 3508974 the stocks rise snapped a twoday losing streak wynn resorts ltd closed 5838 below its 52week high 14388 which the company reached on march 15th the stock demonstrated a mixed performance when compared to some of its competitors friday as las vegas sands corp lvs rose 066 to 4420 sands china ltd adr schyy rose 237 to 2889 and mgm resorts international mgm rose 363 to 4454 trading volume 29 m remained 576844 below its 50day average volume of 35 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 | 0 |
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shares of waters corp wat rallied 140 to 30467 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 057 to 405083 and the dow jones industrial average djia rising 043 to 3285903 this was the stocks second consecutive day of gains waters corp closed 6433 below its 52week high 36900 which the company achieved on august 1st the stock demonstrated a mixed performance when compared to some of its competitors thursday as thermo fisher scientific inc tmo rose 141 to 56297 danaher corp dhr rose 105 to 24980 and general electric co ge fell 001 to 9405 trading volume 238900 remained 126882 below its 50day average volume of 365782 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 | 0 |
in the first half of 2022 rents increased by 54 nationwide and by doubledigit percentages in some major cities apartment list said read more this couple only rents their lake house to ‘pay as you wish’ friends instead of renting out a second lake house via airbnb this couple created a cutrate friends family guest house read more 5 things to know about amazon prime’s free grubhub membership offer the grubhub program which eliminates delivery fees normally costs 999 per month read more ‘she is at risk of outliving her savings’ my mother 100 was tricked into deeding her home to my brother how can i persuade him to give her financial support ‘what course of action can she take to make sure her final days are spent peacefully in a dignified home with the caregiving help she has been used to’ read more the lightyear 0 runs on both solar and electric power with a stated range of more than 600 miles between charges here’s how it works read more more forprofit schools are offering buy now pay later—is it a debt trap buy now pay later is gaining traction for higher education here are some of the problems with using it to finance school read more hyundai breaks the rules with its curvy swoopy ioniq 6 ev hyundai revealed the next step in its push toward an allelectric lineup the ioniq 6 looks nothing like any other hyundai that’s refreshing read more no more extra pickles subway’s new menu offerings downplay the ability to customize sandwiches the chain says its subway series sandwiches are ‘expertly crafted’ but will customers be ok with the fact they’re allowed only ‘select substitutions’ read more most essential workers have seen their pay increase during the pandemic but many still don’t believe they’re being paid a fair wage ‘tepid wage increases are part of the reason for the great resignation’ one expert said read more ‘no way’ missouri attorney general threatens to sue cities that help cover outofstate abortion travel the lawsuit threat came after kansas city mo passed legislation that could reimburse city employees’ travel costs read more | 0 |
chamath palihapitiya backer of the social capital hedosophia holdings corp specialpurpose acquisition corporations or spacs is winding down two vehicles after failing to find target companies within the required time frame in regulatory filings palihapitiya known as the ‘spac king’ for the number of vehicles he has launched said he is winding down the social capital hedosophia holdings corp iv ipod which raised 461 million and social capital hedosophia holdings corp vi ipof which raised 115 billion spacs also known as blankcheck companies raise money in an initial public offering and then have two years to find a company or companies to acquire in the past two years palihapitiya said he and his team evaluated more than 100 target companies and “while we came close to doing a deal several times we ultimately walked away each time for a couple of reasons” these included valuation and volatility in the latter case the team met with resistance from management teams who didn’t want to face public markets in a period of high volatility last month the two blankcheck companies said they needed to push back an october 14 deadline to allow more time to find companies the news comes after a regulatory crackdown on spacs which became a popular way to take companies public during the pandemic that led to record levels of filings and some questionable acquisitions most of which have lost value since they were closed also read spac crackdown sec proposes new rules stripping advantages over traditional ipos data gathered by spac research and compiled by dow jones market data in july found that 381 blankcheck companies had made acquisitions since 2016 with 300 of those deals occurring since early 2020 on a median basis the stocks of those 381 companies postspac are down 666 since the deals were announced there were nearly twice as many spacs still seeking a target or facing possible liquidation there are 590 publicly traded spacs facing a deadline to find an acquisition target within the next two years according to spac research data also read at least 3 spacs pull ipos in latest sign popular pandemic route to public markets is losing steam stanford university professor michael klausner told marketwatch that spacs are a terrible structure for investors klausner has been studying spacs for the past few years and coauthored several papers and articles on the vehicle including “a sober look at spacs” “and what’s happening now is 100 predictable was predicted we predicted it the mystery is why it took so long for the market to figure it out” for more see the spacsplosion is about to become a liquidation frenzy and that may be for the best palihapitiya is just the latest sponsor to pull back earlier this year billionaires sam zell and bill ackman pulled their vehicles ackman’s pershing square tontine holdings ltd had raised 4 billion to mark the biggest spac yet but also hit its twoyear deadline without deals palihapitiya said he was proud of the companies he did bring to public markets including virgin galactic holdings inc spce opendoor technologies inc open clover health investments corp clov sofi technologies inc sofi prokidney corp and akili inc akli but all six are showing significant yeartodate losses space travel company virgin galactic is down 61 online real estate platform opendoor is down 75 healthcare provider clover health is down 41 fintech sofi is down 61 and akili which makes digital technology to treat pediatric adhd is down 68 prokidney which is developing therapies to treat chronic kidney diseases is down just 01 but only went public last month the investor said he would continue to focus on earlystage companies “our view on spacs remains consistent since our first deal – spacs are just one of many tools in our toolkit to support companies as they enter subsequent stages of growth | 0 |
shares of visa inc cl a v slid 107 to 22647 tuesday on what proved to be an allaround grim 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 visa inc cl a closed 910 short of its 52week high 23557 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as jpmorgan chase co jpm fell 051 to 14253 bank of america corp bac fell 110 to 2887 and mastercard inc ma fell 051 to 37462 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 | 0 |
roses are red violets are blue will cpi turn into the stock market’s waterloo we’ll know soon enough investor memories of getting singed last september are still fairly fresh so caution abounds all this has some pining for days gone by playing a sizable role in new year gains has been tech though last week wasn’t great filings from hedge fund and other big money manager’s 13f filings showed soros fund management buying beatendown shares of tesla tsla while manager seth klarman increased stakes in amazon amzn alphabet googl and meta meta read should investors‘ love affair with tesla fade here’s where they’ll shop next that is backward looking but one wonders if they have kept that momentum up caution is the rule for our call of the day from a team led by jpmorgan’s top strategist marko kolanovic who say it’s time to stop buying us stocks as investors overprice recent good news on inflation and remain “complacent of risks” “we believe that the equity rally is unlikely to get the fundamental confirmation for the next leg higher once positioning recovers q1 is in our view likely to mark the high point of the market we think that one should be using the ytd gains to cut equity allocations and to reduce portfolio beta” said kolanovic and the team they say international equities chinaem japan and europe “offer better riskreward than us equities” this latest warning adds emphasis to kolanovic’s assessment last month that the rally’s days were numbered now hold on you say wasn’t this the guy who was bullish all of last year to no great end in jpmorgan’s defense they say an underweight position on government bonds and overweight on commodities compensated for 9month equity overweight last year helping them edge past the benchmark still kolanovic might have a lot riding on this bet as others on wall street chime in chris montagu and the team at citigroup for example told clients they see fading bullish momentum for stocks apart from european banks what jpm sees hurting this rally is recent weaker economic data and the anticipated weak earnings and guidance from the latest reporting season “recent equity inflows are likely running out of steam while pensions’ overfunded status could drive an increase in their reallocation from equities to bonds this year” they said markets are neither pricing in a recession and trading as if the energy crisis ukraine war and sharp monetary tightening never happened says kolanovic so they are shifting more defensively moving slightly overweight on government bonds they are also tilting investments to benefit from china reopening tailwinds overweights in commodities mostly energy and em equities note bank of america’s latest fund manager survey revealed that bullish china equity positions linked to that reopening are considered to be the most crowded trade out there right now tread carefully stock futures es00 ym00 nq00 are understandably fencesitting ahead of cpi data as bond yields tmubmusd02y tmubmusd10y ease and the dollar dxy falls along with oil prices cl1 for more market updates plus actionable trade ideas for stocks options and crypto subscribe to marketdiem by investor’s business daily economists expect cpi to rise 04 and drop to 62 from 65 on a yearoveryear basis and at the core to fall to 54 from 57 elsewhere a survey showed smallbusiness sentiment ticked up in january cocacola ko and marriott mar will report ahead of the open with akamai technologies akam and agilent a reporting after the close palantir technologies stock pltr is up 16 after the software company reported its first profitable quarter avis budget shares car are up 5 after the rental car group posted higher revenue iacinteractivecorp stock iac is up after the brand holding company topped earnings expectations t2 biosystems shares ttoo are down 7 after the diagnostics company announced a public offering of common stock and warrants it also reported positive data from t2biothreat panel that quickly detects biothreat pathogens best of the web “keep going until you’re killed” russian soldiers increasingly being treated as cannon fodder in ukraine as war drags on rescuers continue to find survivors of last week’s deadly earthquakes some are working to save trapped pets swimming for their lives cyclone battered new zealand declares a state of emergency as jpm pointed out the market is behaving as if a war is not happening of course it is over there and really in the bull’seye more for europe than the us which has china and balloons to worry about but here’s a chart from that bank of america survey of fund managers that offers some food for thought it shows that sticky high inflation remains the biggest tail risk for investors that is an event with a low probability of happening but if it does the damages could be outsize for markets the secondbiggest is geopolitics and that’s as doubts grow of a peace accord between ukraine and russia in 2023 expectations now down to 50 from 63 in january these were the topsearched tickers on marketwatch as of 6 am need to know starts early and is updated until the opening bell but sign up here to get it delivered once to your email box the emailed version will be sent out at about 730 am eastern listen to the best new ideas in money podcast with marketwatch reporter charles passy and economist stephanie kelton | 0 |
jpmorgan chase co jpm allegedly handled more than 11 million in payments from jeffrey epstein after the time the bank has said it no longer had the sex offender as a client cnbc reported monday citing a letter from attorney linda singer to new york federal judge jed rakoff the payments went to “girls or women” and many had eastern european surnames the report said citing the letter jpmorgan has said it cut ties with epstein in 2013 but the letter would challenge that timeline the bank has denied any wrongdoing and cnbc said that a spokeswoman for jpmorgan had no immediate comment on the letter shares of jpmorgan | 0 |
shares of parker hannifin corp ph slipped 232 to 30302 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 212 to 438026 and dow jones industrial average djia falling 178 to 3431203 the stocks fall snapped a threeday winning streak parker hannifin corp closed 3698 below its 52week high 34000 which the company reached on february 3rd the stock demonstrated a mixed performance when compared to some of its competitors thursday as danaher corp dhr rose 059 to 26927 rockwell automation inc rok fell 240 to 26646 and dover corp dov fell 218 to 15939 trading volume 407148 remained 338596 below its 50day average volume of 745744 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 | 0 |
the us economy expanded 32 percent in the third quarter the commerce department said thursday in a further upward revision of data reflecting stronger consumer spending and investment than earlier estimated the worlds biggest economy grew for the first time this year in the july to september period after two quarters of contraction that worsened recession fears | 0 |
shares of ch robinson worldwide inc chrw sank 067 to 9794 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 040 to 455464 and the dow jones industrial average djia rising 052 to 3541124 ch robinson worldwide inc closed 2329 below its 52week high 12123 which the company reached on august 25th the stock demonstrated a mixed performance when compared to some of its competitors monday as old dominion freight line inc odfl fell 128 to 38946 expeditors international of washington inc expd rose 019 to 12499 and jb hunt transport services inc jbht rose 141 to 19834 trading volume 874375 remained 187370 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 | 0 |
shares of skyworks solutions inc swks rallied 124 to 11425 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 085 to 451004 and the dow jones industrial average djia rising 014 to 3439514 this was the stocks second consecutive day of gains skyworks solutions inc closed 944 short of its 52week high 12369 which the company reached on february 7th 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 18 m remained 91783 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 | 0 |
shares of expeditors international of washington inc expd inched 010 higher to 10640 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 029 to 414077 and the dow jones industrial average djia rising 018 to 3296923 the stocks rise snapped a threeday losing streak expeditors international of washington inc closed 3140 below its 52week high 13780 which the company achieved on december 16th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as united parcel service inc cl b ups fell 109 to 20304 fedex corp fdx rose 036 to 22606 and ch robinson worldwide inc chrw rose 162 to 11891 trading volume 813968 remained 361802 below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of autozone inc azo rallied 197 to 155635 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 013 to 451407 and dow jones industrial average djia falling 020 to 3503107 autozone inc closed 11028 short of its 52week high 166663 which the company reached on august 3rd the stock outperformed some of its competitors wednesday as oreilly automotive inc orly rose 185 to 59140 advance auto parts inc aap rose 019 to 20018 and monro inc mnro fell 198 to 5556 trading volume 151820 eclipsed its 50day average volume of 145683 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 | 0 |
wellington new zealandnew zealands consumer prices climbed 73 in the second quarter from the year before maintaining pressure on the central bank to continue its rapid interest rate increases the statistics agency on monday said the inflation rate was at a 32year high the single largest contributor to inflation was rising prices for construction and home rentals it said the median forecast in a survey of economists by the wall street journal was for the inflation rate to increase to 71 from 69 in the first quarter inflation has soared globally during the covid19 pandemic fueled by monetary stimulus and increased government spending global shipping disruptions and russias invasion of ukraine central banks are aggressively raising interest rates to tame price increases but risk tipping economies into recession the reserve bank of new zealand last week raised its cash rate by a halfpercentage point for a third consecutive meeting to 25 it was the central banks sixth rate increase since october when the cash rate was lifted from a record low 025 the rbnz has projected that the cash rate will peak at about 40 by mid2023 | 0 |
eia reports a weekly rise in us crude supplies of 59 million barrels oil futures climbed on wednesday to their highest intraday levels since early may finding support as a smallerthanexpected rise in us consumer prices helped weaken the dollar and opec supply cuts continued to point to tighter global crude supplies the rise in oil prices came even as the energy information administration reported a weekly gain in us commercial crude inventories of 59 million barrels oil prices have continued to rise on wednesday following us data showing consumer prices increased by a modest 02 in june and the rate of inflation slowed to the lowest level since 2021 the yearly rate of inflation decelerated to 3 from 4 in the prior month it looks like oil traders are focusing more on easing inflation pressures meaning that the federal reserve may not need to raise interest rates much further meaning that the currently robust economic conditions may be able to continue for a while colin cieszynski chief market strategist at sia wealth management told marketwatch this has helped to boost demand expectations while offshore supply from saudi arabia and russia is still being held back he said a weaker us dollar can provide support for dollardenominated prices of oil in wednesday dealings the ice us dollar index was down 11 at 10060 meanwhile the organization of the petroleum exporting countries and their allies together known as opec recently agreed to extend their oilproduction cuts through 2024 and saudi arabia voluntarily agreed to extend its voluntary production cut through august in a monthly report released tuesday the energy information administration said it expects global oil supplies to decline over the next five quarters because of those reductions in output the market is still dealing with a supply cut from saudi arabia along with the refilling of the us strategic petroleum reserve said tariq zahir managing member at tyche capital advisors the us energy department said last friday that it plans to buy about 6 million barrels of oil for the nations oil reserve following the historic drawdown of 180 million barrels announced by the biden administration in the spring of 2022 in addition theres been a quiet start to the atlantic hurricane season which began on june 1 but that could change at a moments notice said zahir the us consumerprice index came in weaker than expected and bond yields have also weakened allowing risk assets catch a bid he told marketwatch the cpi data also caused weakness in the dollar which has provided strength in the energy complex gains for oil prices came even as the eia on wednesday reported that us commercial crude inventories climbed by 59 million barrels for the week ending july 7 on average analysts polled by sp global commodity insights expected the report to show a decline of 1 million barrels the american petroleum institute a trade group had reported late tuesday that domestic crude supplies rose by 3 million barrels last week according to sources citing the data the eia inventory data were a surprise showing an increase in crude supplies when a decline was expected said zahir however if we see any further weakness in crude we would use this as a buying opportunity he said supply cuts weaker us dollar hurricane season all of these factors will keep a bid to crude oil in the days and weeks ahead the eia report showed weekly inventories of gasoline were generally unchanged last week while distillate supplies increased by 48 million barrels analysts had forecast a weekly fall of 11 million barrels for gasoline and an increase of 150000 barrels for distillates crude stocks at the cushing okla nymex delivery hub fell by 16 million barrels for the week the eia said while stocks in the spr edged down by 400000 barrels 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 | 0 |
the german share price index dax graph is pictured at the stock exchange in frankfurt germany august 31 2022 reutersstaff sept 1 reuters the main european stocks index skidded to its lowest in seven weeks in a rough start to september on deepening worries about aggressive rate hikes and recordhigh inflation in the region the paneuropean stoxx 600 stoxx shed 14 in early deals as all sectors traded lower with the index headed lower for a fifth straight day ratesensitive tech stocks sx8p were the biggest decliners with a 18 fall banks sx7p which tend to benefit from higher interest rates were also down but by the smallest margin among the main sectors euro zone manufacturing activity shrank for a second month in august according to a survey that showed weak demand meant factories were unable to sell as much as they made and built up stocks of finished goods at a record pace that followed data on wednesday showing regional inflation had risen to another record high last month ahead of an upcoming european central bank policy meeting next week read more the economic situation in the euro area continues to deteriorate going into the meeting with clear signs that growth is slowing due to the spike in energy prices resulting from the ukraine conflict morgan stanley strategists wrote in a note money markets priced in a roughly 80 chance for a 75 basis point ecb rate hike in september following the wednesday data up from a just over a 50 chance earlier given policymakers modus operandi on either side of the atlantic clearly favours erring on the side of hawkish even at the expense of recession it seems hard to envision the ecb opting not to deliver such an outsized move said rabobank strategists richard mcguire and lyn grahamtaylor adding to the gloom one of chinas biggest cities chengdu announced a lockdown as it launched four days of citywide covid19 testing read more chinaexposed miners sxpp plunged 33 to lead european losses as metals prices tumbled while luxury stocks also came under pressure loiusvuitton owner lvmh lvmhpa kering prtppa and hermes hrmspa were down between 22 and 23 among other stocks germanys lufthansa lhagde fell 27 after a pilots trade union announced a strike set to begin friday as the two parties failed to reach an agreement on wages read more reckitt benckiser rktl fell 42 after announcing that chief executive laxman narasimhan will step down at the end of september after three years in the role read more in a rare bright spot german retail sales rose unexpectedly in july up 19 on the month as online retail and the food sector showed recovery data showed analysts had predicted sales would stagnate reporting by anisha sircar in bengaluru editing by saumyadeb chakrabarty | 0 |
shares of oreilly automotive inc orly shed 174 to 91199 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 112 to 414558 and dow jones industrial average djia falling 069 to 3305551 this was the stocks second consecutive day of losses oreilly automotive inc closed 5259 short of its 52week high 96458 which the company reached on may 12th despite its losses the stock outperformed some of its competitors tuesday as autozone inc azo fell 597 to 246341 and advance auto parts inc aap fell 223 to 11678 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 | 0 |
shares of amphenol corp cl a aph sank 016 to 8490 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 026 to 468867 and dow jones industrial average djia falling 058 to 3593105 the stocks fall snapped a fourday winning streak amphenol corp cl a closed 072 below its 52week high 8562 which the company reached on november 16th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as te connectivity ltd tel rose 070 to 16605 itt inc itt rose 050 to 10442 and commscope holding co inc comm fell 039 to 1010 trading volume 19 m remained 283925 below its 50day average volume of 22 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
morgan stanley’s ms stock is down 08 early friday as ceo james gorman aired a plan at the bank’s annual general shareholder meeting to step down in the next 12 months “the specific timing of the ceo transition has not been determined but it is the board’s and my expectation that it will occur at some point in the next 12 months” gorman said according to a transcript provided to marketwatch “that is the current expectation in the absence of a major change in the external environment” gorman has been open about succession planning and said in an interview at davos switzerland in january that a number of potential successors are in the runningw at davos in january that a number of potential successors were in the running | 0 |
shares of cognizant technology solutions corp ctsh rose 227 to 6675 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 146 to 407660 and the dow jones industrial average djia rising 109 to 3408604 cognizant technology solutions corp closed 2672 short of its 52week high 9347 which the company achieved on march 22nd the stock demonstrated a mixed performance when compared to some of its competitors tuesday as cadence design systems inc cdns rose 116 to 18283 and palantir technologies inc pltr rose 556 to 778 trading volume 42 m remained 493802 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 | 0 |
shares of shaw communications inc cl b nv sjrb inched 014 higher to c3477 tuesday in what proved to be an otherwise allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 052 to 2117345 the stocks rise snapped a 10day losing streak shaw communications inc cl b nv closed c281 short of its 52week high c3758 which the company reached on september 1st trading volume of 18 m shares eclipsed its 50day average volume of 921262 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 | 0 |
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shares of campbell soup co cpb slipped 058 to 5302 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 064 to 410990 and dow jones industrial average djia falling 101 to 3301214 this was the stocks third consecutive day of losses campbell soup co closed 476 below its 52week high 5778 which the company reached on december 28th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as mondelez international inc cl a mdlz rose 009 to 7780 kraft heinz co khc fell 291 to 3900 and general mills inc gis fell 003 to 9026 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 | 0 |
shares of synchrony financial syf shed 170 to 3642 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 154 to 396394 and dow jones industrial average djia falling 145 to 3384946 the stocks fall snapped a sixday winning streak synchrony financial closed 1378 below its 52week high 5020 which the company achieved on january 13th the stock demonstrated a mixed performance when compared to some of its competitors monday as apple inc aapl fell 263 to 14422 jpmorgan chase co jpm fell 175 to 13435 and visa inc cl a v fell 118 to 21126 trading volume 28 m remained 28 million below its 50day average volume of 56 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 | 0 |
shares of l3harris technologies inc lhx slipped 632 to 18976 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 064 to 453741 and dow jones industrial average djia falling 067 to 3528272 l3harris technologies inc closed 6534 below its 52week high 25510 which the company achieved on october 27th the stock underperformed when compared to some of its competitors thursday as rtx corp rtx fell 131 to 8517 boeing co ba rose 041 to 23375 and lockheed martin corp lmt fell 092 to 44864 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 | 0 |
oil futures rose friday extending a bounce off sevenmonth lows as investors weighed supply worries and a pullback by the us dollar but oil remains on track for a weekly decline crude oil prices were building on a bounce seen thursday off of levels last seen in january with analysts tying the rise in part to a fall in the us dollar index dxy of 11 friday after reaching a 20year high the dollar’s surge had been seen as a factor in oil’s tumble as a rising greenback makes commodities priced in the unit more expensive to users of other currencies the prospect of losing russian oil and gas from the market may also be providing some support with moscow threatening to walk away from contracts if a plan by group of seven nations to impose price caps is implemented meanwhile soaring naturalgas prices in europe are already seen providing an incentive for switching to producing electricity from oil fired plants ttf the dutch gas pricing point traded at nearly 210 euros per megawatt hour or mwh which is comparable to crude oil at 360 a barrel said michael tran analyst at rbc capital markets in a note “current astronomical levels are nearly 15x higher than normal gas prices this could lead to an incremental unlock of some 300000 barrels a day of oil demand but quantifying the bump is challenging given the lack of transparency around the configuration of dieselfired generators and industrial boilers” tran wrote he found that between 2015 and 2020 brent crude and ttf prices saw a large positive correlation of 063 for the year to date that correlation has fallen to 013 and since june the two have had a negative correlation of 090 put simply the oil market is not being rewarded for the economics of switching why the higher natgas prices go the increased odds of a european recession and the contagion could have a wider negative impact than the small bump in oil demand expectations for a boost to crude demand however must be tempered by concerns about the outlook for the european economy which is widely expected to tip into recession due to the energy price shock this year hear from top wall street energy analysts at the best new ideas in money festival on sept 21 and sept 22 in new york rbc’s helima croft will be there | 0 |
shares of yext inc rose 8 to 586 in early trading a day after the company topped wall street estimates for its firstquarter revenue the searchsoftware provider said sales in the quarter ended april 30 gained 7 yearoveryear to 988 million ahead of the high end of its guidance analysts surveyed by factset had been expecting 967 million yext said its customer count increased by 11 to 2830 and that it launched a 100 million sharerepurchase program during the quarter to capitalize on its strong cash position the company posted a net loss of 258 million for the quarter compared with a loss of 176 million last year stripping out onetime items yexts adjusted loss was 6 cents a share nearly in line with its guidance of between 7 cents and 8 cents a share analysts surveyed by factset had expected an adjusted loss of 7 cents a share | 0 |
wall street wrapped another volatile week on friday but corporate earnings season kicks into gear next week and could bring some direction to the market the week recovered from an early selloff and ended up strong enough to go into the head of earnings season with a decent head of steam so lets go there and peek at whats there to be seen cnbcs jim cramer said here is cramers look at the big corporate news coming next week revenue and earningspershare projections are estimates from factset the early signs for the box office performance of the new james bond film are strong and that could lead to a wild monday move for shares of amc entertainment holdings cramer said one thing is for certain if bond does well amc ceo adam aron will tweet to the limit about those box office numbers adams the kind of guy who isnt shy about how his shareholders will make out like bandits if this trajectory continues even though many money managers like to endlessly rail and bet against the man cramer said q3 2021 earnings release before the opening bell conference call 830 am its almost impossible to determine how the market will react to jpmorgans earnings when we see them wednesday this is a wellrun company thats in the habit of putting out terrific numbers but will they be terrific enough to justify the run in the stock typically not cramer said q3 2021 earnings release before the opening bell conference call 830 am this huge asset gatherer will most likely have a monster quarter blackrock is what i call a sainted stock if you are itching to buy something for a trade this is the one the reverence here is incredible he said q3 2021 earnings release before the opening bell conference call 10 am the airlines seem to be talking every day they cant shut up yet when delta reports on wednesday morning there will still be people who are going to be surprised at how bullish they are cramer said thursday more bank earnings along with dominos pizza and walgreens q3 2021 earnings release before the opening bell conference call 830 am q3 2021 earnings release before the opening bell conference call 1130 am im betting morgan stanleys will be amazing and wells fargos wont be as bad as it used to be thats good news for both of them cramer said q3 2021 earnings release before the opening bell conference call 9 am q3 2021 earnings release before the opening bell conference call 8 am we also get reports from bank of america and citigroup we know citi remains perennially cheap i dont see that ending anytime soon bank of america could have a real earnings breakout because longterm interest rates are going higher and thats what they need to move that needle q3 2021 earnings release before the opening bell conference call 10 am i think that this juggernaut will beat numbers again because the delta variant made people hunker down again in their homes cramer said q4 2021 earnings release before the opening bell conference call 830 am the stock has been down so long that it kind of looks up to me any positive news could send it higher though i cant imagine what that news could be he said q3 2021 earnings release before the opening bell conference call 1030 am i expect a great one expenses under control wealth management strong fixed income pretty cool the good thing about goldmans stock is that it actually tracks the earnings so if the quarter is actually as robust as i think it will be dont chase it thats a fools errand cramer said q3 2021 earnings release before the opening bell conference call 10 am we hope that they can explain what the heck is going on with finding trucking drivers finding drivers has become a nightmare he said want to take a deep dive into cramers world hit him up mad money twitter jim cramer twitter facebook instagram | 0 |
shares of xerox holdings corp xrx inched 057 higher to 1577 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 138 to 451339 and dow jones industrial average djia falling 098 to 3528252 xerox holdings corp closed 363 below its 52week high 1940 which the company achieved on august 16th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as international business machines corp ibm rose 059 to 14417 and hp inc hpq fell 137 to 3250 trading volume 11 m remained 541525 below its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of thermo fisher scientific inc tmo slumped 043 to 55432 wednesday on what proved to be an allaround grim 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 thermo fisher scientific inc closed 6404 below its 52week high 61836 which the company achieved on april 8th despite its losses the stock outperformed some of its competitors wednesday as danaher corp dhr fell 083 to 24631 trading volume 927999 remained 472671 below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
uk annual consumer prices surged 101 in july to the highest level since the 1980s amid soaring food costs the office for national statistics reported wednesday the jump follows an annual rise of 94 in june and was higher than expectations with economist polled by factset forecasting a rise of 98 in july rising food prices made the largest upward contribution to the change in annual consumer price inflation cpi between june and july on a monthly basis cpi rose by 06 in july the surge in cpi marked the highest level since the national statistics series began in 1997 officials said but based on modeling of consumer price estimates the cpi would have last been higher in 1982 where estimates ranged from nearly 11 in january of that year to 65 in december the british pound gbpusd initially shot higher on the data but pulled back last trading modestly higher at 12104 | 0 |
shares of philip morris international inc pm sank 063 to 9235 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 073 to 411524 and dow jones industrial average djia falling 077 to 3279992 this was the stocks third consecutive day of losses philip morris international inc closed 1746 short of its 52week high 10981 which the company achieved on may 25th the stock underperformed when compared to some of its competitors wednesday as altria group inc mo rose 004 to 4495 trading volume 37 m remained 889448 below its 50day average volume of 46 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
nestle india ltd 500790 shares inched up 087 to 1973320 indian rupees tuesday on what proved to be an allaround great trading session for the stock market with the sp bse sensex index 1 rising 021 to 6129420 nestle india ltd closed 131980 rupees below its 52week high 2105300 rupees which the company reached on october 24 the stock underperformed when compared to some of its competitors tuesday as heritage foods india ltd heritgfood rose 357 to 37150 rupees and vadilal industries ltd vadilalind rose 090 to 269335 rupees trading volume 1874 remained 419 below its 50day average volume of 2293 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 | 0 |
shares of quest diagnostics inc dgx rose 119 to 14222 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 009 to 470170 and the dow jones industrial average djia rising 029 to 3643222 the stocks rise snapped a twoday losing streak quest diagnostics inc closed 1834 short of its 52week high 16056 which the company achieved on september 9th the stock demonstrated a mixed performance when compared to some of its competitors monday as laboratory corp of america holdings lh rose 210 to 28061 qiagen nv qgen rose 017 to 5433 and sonic healthcare ltd adr skhhy fell 223 to 2987 trading volume 14 m eclipsed 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 | 0 |
london april 13 reuters british lenders expect to rein in the supply of mortgage loans in the coming quarter but increase the supply of consumer credit and corporate loans a bank of england survey showed on thursday the quarterly credit conditions survey showed rising default rates across mortgages consumer credit and corporate loans and lenders expected them to rise further in the second quarter the survey was conducted between feb 27 and march 17 | 0 |
us stocks tumbled out of the gate monday as financial markets continued to reel from a surprise acceleration in inflation just days ahead of a federal reserve interestrate decision a close below 383725 which marks a 20 pullback from the sp 500s jan 3 record close would confirm a bear market for the largecap benchmark seesp 500 trades in bearmarket territory what investors need to know fridays news showing the consumer price index shooting to a fresh 40year high of 86 yearoveryear has caused investors to reassess how high the fed will go in raising interest rates in addition to speculation that the fed may lift interest rates as much as 75 basis points on wednesday the yield on the 2year treasury has climbed to 320 up from 280 on thursday sentiment has changed dramatically as market participants have realized that we have a galloping food crisis due to russias tactics in ukraine china could very well move in and out of lockdowns for months causing global supply shocks and a recession is now very likely as the only option to kill demand and inflation said peter garnry head of equity strategy at saxo bank the tightening isnt limited to the us last week the european central bank suggested it could follow up a quarterpoint rate hike in july with a 50basis point move in september as the bank of england also readies another rate hike this week the fallout has been stark in cryptocurrencies with bitcoin extending its weekend plunge to trade below 25000 the crypto lending platform celsius network has suspended withdrawals and transfers readbitcoin tumbles through 24000 in crypto crash this chart shows how much worse a selloff could get the unprecedented move by celsius is effectively blocking clients from accessing their assets which will do little to quell fears from critics that some defi platforms could be ponzi schemes said nigel green chief executive of financial advisor devere group sign up for the premarket need to know newsletter | 0 |
its shares jumped over 15 in early trading to top gains on the ftse 250 after the company posted a trading statement that showed it returned to profit despite a decline in sales it’s managed to improve its financial performance with efforts to cut inventory boost underperforming brands and reduce spending things are looking up for online fashion retailer asos whose turnaround efforts the past three months appear to be paying off and are being rewarded by investors this morning ceo josé antonio ramos calamonte said in the statement “we are delivering on our plan to turn the business around to rightsize our stock to generate cash to reduce our net debt and to structurally improve our profitability” it’s losses all around for uk markets this morning the ftse 100 opens in the red for the first time this week dragged down by techrelated stocks the pound has extended declines a bit more though it remains above 126 meanwhile gilts are following treasuries lower as bets for further bank of england interestrate hikes remain they mirror similar expectations for the fed following yesterday’s rate decision its shares are about 5 leading europe’s stoxx 600 benchmark with investors focusing on the good start it has made to june rather than the negatives that a cold march brought a brief checkin from sweden and hm where the slightly weaker sales do not appear to have damped enthusiasm fastfashion retailer hm’s sales were flat in the second quarter of the year lagging behind what analysts had expected and weaker than those reported by inditex its spanish rival and owner of the zara chain hm said june has started well but that weather conditions in particular a cold march hit its sales hm said june has started well but that weather conditions in particular a cold march hit its sales given hm shares are up about 30 so far this year with progress made on reducing the inventory it had built up it’ll be interesting to see how investors take this as the decent start to june may help sentiment slightly uk fixedrate mortgages labour on nhs on the radar mortgages a higher proportion of fixedrate mortgages is delaying the impact of higher interest rates on the uk’s economy and making the bank of england’s job tougher nhs kate bingham who headed the uk’s vaccine rollout during the pandemic says only a labour government will be able to fix the problems facing the nhs blacklist legal general investment management the uk’s biggest fund manager is expanding the universe of assets it blacklists owing to climate concerns here’s a few other stories on our radar this morning at least some of which aren’t central bankrelated speaking of the boe it was announced last night that officials have agreed to an external review of their forecasting process after coming under heavy criticism for failing to predict the scale of the uk’s inflation crisis david roberts chair of the central bank’s court of directors said in an exchange of letters with lawmakers in parliament last night that officials have decided “to commission a broad review into the bank’s forecasting and related processes during times of significant uncertainty” the overwhelming consensus is that the ecb will increase its deposit rate by a quarterpoint to 35 which will mean the focus will be squarely on how much further policymakers expect to keep raising given inflation is still at three times the bank’s target the fed’s decision sets the stage for the european central bank later on thursday which is expected to see it enter the final stretch of its hiking cycle for from the decision and the press conference led by president christine lagarde later and remember this and the fed come ahead of next week’s bank of england meeting for from the decision and the press conference led by president christine lagarde later and remember this and the fed come ahead of next week’s bank of england meeting here’s a guide on everything to watch for from the decision and the press conference led by president christine lagarde later and remember this and the fed come ahead of next week’s bank of england meeting the pound lost a little bit of ground after the fed last night as the decision dragged it down from its oneyear high but it still ended the day in the green and is holding that move today ftse 100 futures though are pointing to a down day for stocks | 0 |
shares of amc entertainment holdings inc cl a amc shed 254 to 1806 thursday on what proved to be an allaround poor trading session for the stock market with the nasdaq composite index comp falling 156 to 1353794 and dow jones industrial average djia falling 029 to 3379466 amc entertainment holdings inc cl a closed 5456 below its 52week high 7262 which the company achieved on june 2nd trading volume 245 m remained 229 million below its 50day average volume of 474 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 | 0 |
shares of equinix inc eqix shed 195 to 58159 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 103 to 365504 and dow jones industrial average djia falling 111 to 2926081 this was the stocks third consecutive day of losses equinix inc closed 27183 short of its 52week high 85342 which the company reached on december 31st the stock underperformed when compared to some of its competitors monday as akamai technologies inc akam fell 049 to 8071 trading volume 653369 eclipsed its 50day average volume of 413986 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 | 0 |
elon musk terminated his agreement to buy twitter inc on friday setting up a likely legal fight in a letter sent to twitter’s twtr board on friday the tesla inc tsla chief executive claimed that he was ending the agreement because twitter would not share requested information with him “mr musk is terminating the merger agreement because twitter is in material breach of multiple provisions of that agreement appears to have made false and misleading representations upon which mr musk relied when entering into the merger agreement and is likely to suffer a company material adverse effect” reads the letter which was filed with the securities and exchange commission musk had agreed to purchase twitter for 5420 a share in april after starting to build a position in the socialmedia company in january twitter shares closed friday at 3681 then fell more than 6 in afterhours trading after the letter was made public in agreeing to purchase the company musk waived due diligence and signed a contract to purchase the company for roughly 44 billion since that agreement as stocks have declined sharply musk has asked for more information on bot accounts on the service the agreement includes a 1 billion breakup fee for either side with predetermined reasons for breaking the contract twitter could take musk to court seeking more than the 1 billion fee up to and including the full 44 billion amount he promised to pay check back for more on this breaking story | 0 |
shares of block inc sq rallied 639 to 8479 tuesday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 276 to 1198452 and the dow jones industrial average djia rising 134 to 3265459 block inc closed 20444 below its 52week high 28923 which the company reached on august 5th the stock outperformed some of its competitors tuesday as paypal holdings inc pypl rose 270 to 7975 fiserv inc fisv rose 152 to 9771 and global payments inc gpn rose 339 to 12399 trading volume 216 m eclipsed its 50day average volume of 201 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 | 0 |
shares of midamerica apartment communities inc maa dropped 029 to 15195 monday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 005 to 413812 and the dow jones industrial average djia falling 017 to 3361869 midamerica apartment communities inc closed 3822 below its 52week high 19017 which the company achieved on august 16th | 0 |
são paulobrazils central bank left its benchmark lending rate unchanged wednesday and reiterated it would leave the rate at a high level until inflation slows further the banks monetary policy committee or copom left the selic rate at a sixyear high of 1375 the bank began raising the rate in early 2021 from a record low of 2 to slow the pace of consumer price increases brazils main measure of inflation has since come down from an almost 19year high of 1213 in april to 560 in february the central bank warned about financialsector turmoil in the us and europe saying the global environment has deteriorated increasing uncertainty and volatility in markets policymakers also said uncertainty regarding its domestic economic projections is higher than normal taking into account the uncertainty of the scenarios the committee remains vigilant assessing if the strategy of maintaining the selic rate for a long period will be enough to ensure the convergence of inflation the central bank said in its statement the committee emphasizes that it will persist until the disinflationary process consolidates and inflation expectations anchor around its targets even with prices rising less quickly the central bank still cant relax said flavio serrano an economist at blueline asset management we have to recognize that inflation has improved theres less pressure now on prices for industrial products and on some food prices mr serrano said but despite this improvement inflation is still high | 0 |
invacare corp ivc said wednesday it and two of its usbased subsidiaries have filed for bankruptcy as it implements a refinancing aimed at reducing net debt by about 65 the stock is currently halted for news the ohiobased company which makes athome and longterm care medical products used to promote recovery said it will continue to pay its suppliers and doesn’t expect the bankruptcy to hurt its ability to make and deliver products the company has secured 70 million in debtorinpossession dip financing to provide the company with liquidity needed to keep operating during the bankruptcy “the company expects to emerge with significantly less debt on its balance sheet and will secure additional liquidity to support longterm growth” said invacare chief executive geoff purtill separately the company said it expects to report fourthquarter revenue growth of 6 from a year ago to 181 million compared with the average estimate of two analysts compiled by factset of 1746 million the stock closed tuesday at 66 cents up 100 from its recordlow close of 33 cents on nov 18 2022 but down 711 over the past 12 months in comparison the sp 500 spx has lost 106 the past year | 0 |
hiring in the us nonfarm private sector kept a solid pace in february data from the adp national employment report showed wednesday private payrolls increased by 475000 jobs in february down from a 509000 increase the previous month januarys data was sharply revised upwards as the previous estimate had signaled a decline of 301000 jobs economists polled by the wall street journal expected a gain of 400000 jobs in february hiring remains robust but capped by reduced labor supply postpandemic said nela richardson chief economist at adp large businesses those of at least 500 workers added 552000 jobs while mediumsized businesses between 50 and 499 employees added 18000 staff to their payrolls however small businesses lost 96000 jobs over the month the data showed small companies lost ground as they continue to struggle to keep pace with the wages and benefits needed to attract a limited pool of qualified workers ms richardson said by sector services providers gained 417000 jobs and 170000 of them were created in the leisure and hospitality sector goodsproducing businesses added 57000 jobs the report carried out by the adp research institute along with moodys analytics is based on data through the 12th of the month the us department of labor is expected to release its employment report for february which covers the same period as the adp national employment report on friday economists polled by the wall street journal are expecting it to show nonfarm payrolls up by 440000 and the unemployment rate declining to 39 the adp series can diverge considerably from the labor departments data | 0 |
croda international plc crda shares inched down 053 to £7072 wednesday on what proved to be an allaround dismal trading session for the stock market with the ftse 100 index ukx falling 026 to 783070 croda international plc closed £1332 below its 52week high £8404 which the company reached on january 19 trading volume 333210 remained 64622 below its 50day average volume of 397832 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 | 0 |
shares of akamai technologies inc akam rallied 438 to 8384 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 259 to 367843 and the dow jones industrial average djia rising 266 to 2949089 the stocks rise snapped a twoday losing streak akamai technologies inc closed 3941 below its 52week high 12325 which the company achieved on april 21st the stock outperformed some of its competitors monday as alphabet inc cl a googl rose 313 to 9864 amazoncom inc amzn rose 255 to 11588 and microsoft corp msft rose 337 to 24074 trading volume 62 m eclipsed its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of blackberry ltd bb inched 048 higher to 420 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 033 to 357703 and dow jones industrial average djia falling 010 to 2921085 the stocks rise snapped a fiveday losing streak blackberry ltd closed 819 below its 52week high 1239 which the company achieved on november 3rd the stock outperformed some of its competitors wednesday as crowdstrike holdings inc cl a crwd fell 180 to 15299 and vmware inc vmw rose 017 to 10595 trading volume 91 m eclipsed its 50day average volume of 57 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 | 0 |
shares of motorola solutions inc msi inched 048 higher to 25659 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 019 to 430520 and the dow jones industrial average djia rising 071 to 3415201 motorola solutions inc closed 1706 below its 52week high 27365 which the company achieved on december 30th the stock outperformed some of its competitors tuesday as l3harris technologies inc lhx fell 029 to 23933 trading volume 397967 remained 336093 below its 50day average volume of 734060 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 | 0 |
shares of bank of new york mellon corp bk slumped 045 to 4385 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 009 to 413704 and the dow jones industrial average djia rising 020 to 3387540 this was the stocks third consecutive day of losses | 0 |
washington feb 1reuters us job openings unexpectedly rose in december showing demand for labor remains strong despite higher interest rates and mounting fears of a recession potentially keeping the federal reserve on its policy tightening path job openings a measure of labor demand increased 572000 to 110 million on the last day of december the labor department said in its monthly job openings and labor turnover survey or jolts report on wednesday economists polled by reuters had forecast 10250 million job openings federal reserve officials were due to wrap up a twoday policy meeting later on wednesday the us central bank is expected to raise its policy rate by 25 basis points the fed last year raised its policy rate by 425 basis points from near zero to a 425450 range the highest since late 2007 the labor department reported on tuesday that wages and salaries increased in the fourth quarter at their slowest pace in a year | 0 |
shares of fubotv inc fubo jumped 39 in premarket trading monday after the live tv streaming platform reported a much narrowerthanexpected loss and revenue that rose above forecasts as the company surpassed 1 billion in revenue for the year for the first time net losses widened to 1411 million or 76 cents a share from 1118 million or 76 cents a share in the yearago period while shares outstanding increased to about 2001 million from 1481 million excluding nonrecurring items the adjusted pershare losses narrowed to 39 cents from 50 cents and beat the factset loss consensus of 71 cents revenue grew 382 to 3193 million above the factset consensus of 2856 million while fullyear revenue of 101 billion was up 580 from 2021 the company ended 2022 with a record 1445 million subscribers in north america and 420000 subscribers outside of north america the company expects firstquarter revenue of 295 million to 300 million in north america na and 55 million to 65 million in the rest of the world row and na subscribers of 1140 to 1160 and row subscribers of 368 to 373 the stock has dropped 141 over the past three months through friday while the sp 500 spx has slipped 14 | 0 |
shares of entergy corp etr dropped 067 to 10773 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 070 to 391925 and the dow jones industrial average djia rising 056 to 3370410 the stocks fall snapped a twoday winning streak entergy corp closed 1909 short of its 52week high 12682 which the company reached on april 21st the stock underperformed when compared to some of its competitors tuesday as nextera energy inc nee rose 056 to 8454 southern co so fell 055 to 7111 and dominion energy inc d rose 039 to 6183 trading volume 13 m remained 10584 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 | 0 |
shares of hartford financial services group inc hig slid 223 to 7179 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 108 to 411577 and dow jones industrial average djia falling 081 to 3291090 the stocks fall snapped a twoday winning streak hartford financial services group inc closed 638 below its 52week high 7817 which the company reached on october 29th trading volume 16 m remained 396501 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 | 0 |
shares of wipro ltd 507685 inched up 056 to 39605 indian rupees thursday on what proved to be an allaround great trading session for the stock market with the sp bse sensex index 1 rising 052 to 6578564 wipro ltd closed 4860 rupees below its 52week high 44465 rupees which the company achieved on august 17 | 0 |
shares of mongo inc jumped wednesday after the cloud database provider said it expects to post a profit earnings in the fourth quarter and raised its fullyear expectations at 1215 est shares were up 19 at 17165 the developer and provider of a generalpurpose database platform which posted a beat in revenue in its latest quarter said it expects adjusted earnings for the fourth quarter ending jan 31 between 6 cents and 8 cents a share analysts polled by factset had forecast fourthquarter losses per share of 9 cents according to factset for the full year the company said it now anticipates a swing to profit as well as revenue between 126 billion and 127 billion three months ago the company had forecast fullyear revenue in the range of 120 billion to 121 billion in its latest quarter the company posted 47 thirdquarter revenue growth revenue increased to 3336 million ahead of market and management views the market had forecast revenue of 3034 million according to factset while the company had predicted revenue in the range of 300 million to 303 million | 0 |
elon musk plans to rely more heavily on equity to finance his 44 billion deal for twitter inc twtr amid a sharp decline in tesla inc tsla stock in recent weeks musk’s funding plan now includes 335 billion in equity up from 2725 billion according to a wednesday regulatory filing he no longer plans to rely on a margin loan backed by tesla shares which are down by about a third since he struck a deal with twitter in late april | 0 |
tokyo stocks closed lower on wednesday following overnight falls of wall street tech shares and with key us inflation data set to be released later in the day the benchmark nikkei 225 index dropped 065 percent or 18063 points to end at 2781933 while the broader topix index fell 017 percent or 337 points to 193365 | 0 |
shares of southern co so shed 065 to 6737 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 028 to 441013 and the dow jones industrial average djia rising 029 to 3436450 this was the stocks third consecutive day of losses southern co closed 186 short of its 52week high 6923 which the company achieved on january 10th the stock demonstrated a mixed performance when compared to some of its competitors monday as nextera energy inc nee fell 082 to 8192 dominion energy inc d fell 105 to 7848 and duke energy corp duk fell 039 to 10258 trading volume 88 m eclipsed its 50day average volume of 44 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 | 0 |
us dollar and euro banknotes are seen in this illustration taken july 17 2022 reutersdado ruvicillustration singapore sept 5 reuters the euro fell and was testing a twodecade low on monday after russias indefinite closure of its main gas supply pipeline to europe stoked fears of energy shortages high prices and a hit to growth while the us dollar index hit a 20year high the euro touched 09903 in early asia just above last months trough of 099005 sterling hit a 212year low at 11458 the pound has also been weighed down by concerns over rising energy costs british foreign minister liz truss said over the weekend she would set out immediate action to tackle rising energy bills and increase energy supplies if she is as expected to become britains next prime minister read more the yen at 14023 per dollar was under pressure near a 24year low the risksensitive australian dollar slid 03 and was near a sevenweek low at 06790 the us dollar index hit a new twodecade high briefly topping 110 russia scrapped a saturday deadline for flows down the nord stream pipeline to resume citing an oil leak in a turbine it coincided with the group of seven finance ministers announcing a price cap on russian oil read more everything is pointing to a lower euro said carol kong senior associate for international economics and currency strategy at commonwealth bank of australia weve heard a great deal of negative news about the european economy and i think the decline in euro can continue this week outsized rate hikes are also on the cards this week markets have priced about a 75 chance of a 75 basis point bp hike in europe and an almost 70 chance of a 50 bp hike in australia pricing for a 75 bp hike in the united states this month has pared back somewhat after a mixed jobs report on friday that contained a few hints of a loosening labour market read more | 0 |
shares of hca healthcare inc hca slid 113 to 23733 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 069 to 454654 and the dow jones industrial average djia rising 078 to 3540524 the stocks fall snapped a twoday winning streak hca healthcare inc closed 3242 below its 52week high 26975 which the company achieved on january 5th the stock underperformed when compared to some of its competitors tuesday as universal health services inc cl b uhs rose 031 to 13046 tenet healthcare corp thc rose 070 to 7464 and community health systems inc cyh rose 039 to 1274 trading volume 20 m eclipsed its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of exela technologies inc xela slipped 812 to 079 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 094 to 458938 and the dow jones industrial average djia rising 063 to 3562933 the stocks fall snapped a threeday winning streak exela technologies inc closed 703 below its 52week high 782 which the company achieved on march 10th the stock underperformed when compared to some of its competitors wednesday as audioeye inc aeye fell 407 to 590 conduent inc cndt fell 125 to 473 and salesforcecom inc crm fell 306 to 22501 trading volume 1633 m eclipsed its 50day average volume of 318 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 | 0 |
shares of fidelity national information services inc fis were popping 6 in monday’s premarket trading after a financial times report from friday cited privateequity interest in buying a possible majority stake in the company’s worldpay business the ft report said that privateequity groups were considering a bid at a valuation upwards of 15 billion fis previously announced plans to spin off its merchant business which largely consists of worldpay into a separate business a move that would walk back the company’s merger with worldpay that was announced in early 2019 fis didn’t immediately respond to a marketwatch request for comment jefferies analyst trevor williams wrote that while the 15 billion headline valuation “implies modest dilution we would view such an outcome as a clear positive with our belief that remainco would trade at a higher multiple than fis’ current consolidated valuation” | 0 |
dp poland plc said thursday that total system sales grew in the first quarter of 2022 on strong growth in both its markets as its seeing inflationary costs pressures on food reversing the operator of dominos pizza stores and restaurants across poland and croatia said sales grew 19 on a likeforlike basis in the quarter driven by strong system sales growth in both countries in croatia total system sales grew 53 benefiting from the opening of a third store in june 2022 in poland total system sales grew at a lower rate than the group at 15 to 531 million polish zloty 126 million due to closures of eight stores as part of a postmerger relocation plan the company said strong inflationary pressures on food costs energy and labor were a headwind in the quarter although the cost pressures on food are starting to reverse it said the company said it expects 2022 earnings before interest taxes depreciation and amortization be in line with market expectations dp poland plans to publish its final results for 2022 in the first half of june | 0 |
amplify energy corp withdrew its fullyear financial guidance after an oil spill off the coast of california prompted the company to suspend production and pipeline operations at its beta field on oct 5 federal officials identified a 13inch split in a seabottom pipeline operated by a subsidiary of amplify energy as the likely source of an oil spill off the coast of orange county calif the tear was discovered by commercial divers who found 4000 feet of the 175mile pipeline from an oilprocessing platform was displaced as much as 105 feet the us coast guard estimated 588 barrels of oil had been released the coast guard is investigating whether the pipeline was dragged by an anchor dropped in the wrong location amplify energy said it deployed contractors to clean up the spill and as of oct 14 all beaches that had been closed following the incident have reopened remediation efforts in the area have continued the company said in response to the incident all operations have been suspended and the pipeline has been shutin until the company receives the required regulatory approvals to begin operations at present given that the pipeline to shore is not operational no operations are underway in the beta field as a result amplify is withdrawing its previously issued fullyear 2021 guidance on the third quarter the independent oil and natural gas company produced an average of 25100 barrels of oil equivalent a day down from 27700 barrels a day in the third quarter a year ago unhedged oil and natural gas revenue totaled 968 million up from 525 million a year ago the company realized a loss on commodity derivatives of 185 million during the quarter compared to a 127 million loss during the previous quarter consisting of 226 million in realized losses from active contracts partially offset by a 41 million gain from inthemoney contracts related to the third quarter of 2021 that were monetized in april 2020 the hedging loss experienced during this quarter was primarily attributed to the hedges placed earlier in 2020 when the commodity pricing environment was materially lower and highlights the substantial recovery in prices in 2021 | 0 |
the stock market tumbled then regained most of its losses after friday’s strongerthanexpected jobs report a reaction that might not have been as odd as it seemed it might also help explain why the market is tumbling on tuesday at first glance november’s jobs report looked strong too strong for anyone’s liking not only did the us economy create more jobs than had been forecast—263000 versus an expected 200000—but average hourly earnings the measure of worker pay rose 03 month over month and 46 year over year | 0 |
the numbers the cost of imported goods fell 02 in june the labor department said friday import prices have fallen every month of the year except april economists surveyed by the wall street were expecting a 01 decline excluding fuel import prices were down 04 last month the government said key details on a yearonyear basis import prices are down 61 the largest drop since may 2020 the cost of foreignproduced fuel rose 08 in june but are down 364 over the past year that’s the largest 12month decline since may 2020 nonfuel import prices have fallen 14 over the past 12 months big picture inflation is moderating helped in part by commodity prices energy had been leading the decline but now nonfuel prices are weakening given the soft inflation readings in june economists are starting to believe that the fed will only raise interest rates one more time in july market reaction stocks djia spx were set to open higher on friday while the yield on the 10year treasury note tmubmusd10y fell to 378 | 0 |
hua hong semiconductor shares rose in their shanghai debut on monday after the chinese chipmaker raised close to 3 billion in the countrys largest initial public offering so far this year the stock has gained as much as 15 and was last up 39 at 5400 yuan us753 a share hua hong has sold 40775 million shares at cny5200 each raising a total cny2120 billion in gross proceeds making the deal the biggest sharesale on the ashare market so far this year the offering joined a host of chinese chip makers that have gone public in recent months as beijing signals support for domestic semiconductor suppliers at a time of uschina tech rivalry and geopolitical tensions hua hong which designs and manufactures specialty process wafers plans to use the ipo proceeds to invest in a new fabrication plant in eastern china and to upgrade a production line | 0 |
an investor monitors a screen displaying stock information at the abu dhabi securities exchange june 25 2014file photo dec 8 reuters dubais stock market rose in early trade on wednesday and was headed for a sixth straight session of gains while weak oil prices weighed on saudi shares dubai is planning an initial public offering of business park operator tecom group on the local stock exchange the emirates media office reported on tuesday read more the dubai government last month announced plans to list 10 statebacked companies on its stock market as part of plans to boost activity on the local bourse it also said it plans to set up a 2 billion dirham market maker fund to encourage more private companies to list saudi arabias benchmark index tasi fell 03 hit by a 04 dip in al rajhi bank 1120se and a 14 decline in saudi national bank 1180se the kingdoms biggest lender oil prices a key catalyst for the gulfs financial markets eased after two days of gains as investors waited for an assessment of the full impact of the omicron coronavirus variant on global economy and fuel demand as well as the effectiveness of existing vaccines shares of saudi tadawul group 1111se the kingdoms stock exchange operator rose as much as 20 to 1266 riyals in their stock market debut tadawul had set its initial public offering price at 105 riyals a piece at the top end of the indicated range raising 378 billion riyals 101 billion in the deal in abu dhabi the index adi rose 05 with the countrys largest lender first abu dhabi bank fabad putting on 13 meanwhile the united arab emirates will shift to a working week of four and half days with a saturdaysunday weekend from the start of next year to better align its economy with global markets but private companies will be free to choose their own working week read more the qatari index qsi eased 01 weighed down by a 07 fall in qatar islamic bank qisbqa reporting by ateeq shariff in bengaluru editing by subhranshu sahu | 0 |
shares of verisign inc vrsn slipped 265 to 21877 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 091 to 443299 and dow jones industrial average djia falling 048 to 3458488 the stocks fall snapped a threeday winning streak verisign inc closed 1579 short of its 52week high 23456 which the company reached on july 12th the stock underperformed when compared to some of its competitors friday as verizon communications inc vz fell 028 to 5428 att inc t fell 025 to 2753 and international business machines corp ibm fell 088 to 13523 trading volume 12 m eclipsed its 50day average volume of 413665 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 | 0 |
shares of gap inc gps slipped 066 to 2254 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 030 to 436380 and the dow jones industrial average djia falling 000 to 3437781 gap inc closed 1509 short of its 52week high 3763 which the company achieved on may 18th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as hm hennes mauritz ab adr hnnmy rose 244 to 378 urban outfitters | 0 |
cathie wood’s ark investment management llc on tuesday debuted the ark venture fund the firm’s first foray into private investments the venture fund intends to invest in early to latestage private companies and publicly traded businesses similar to those held by ark’s highgrowth technologyfocused exchangetraded funds the ark venture fund is available to us investors including individuals for a minimum initial investment of 500 on the online investment platform of financialtechnology startup titan venturecapital funds traditionally limit access to accredited investors such as wealthy individuals or institutions ms wood and ark rose to prominence during the covid19 pandemic when the firm’s etfs posted huge returns as low interest rates and stimulus boosted investor appetite for riskier assets those bets have struggled this year as the federal reserve raises interest rates at an aggressive clip to try to curb persistent inflation making unprofitable companies promising growth in the future a harder sell to investors the flagship ark innovation etf is down 61 in 2022 yet has seen steady inflows this year ark plans to also offer access to the venture fund to registered investment advisers family offices highnetworth individuals and institutional investors through other distributors down the line according to mr friedrich the fund has a target portfolio composition of 70 private companies and 30 public companies although traditional venturecapital funds often look for exit opportunities such as initial public offerings or acquisitions ark’s fund aims to continue holding portfolio companies after they enter public markets ark declined to name its initial portfolio companies the ark venture fund is an interval fund a vehicle that restricts withdrawals but gives investors access to more illiquid assets less likely to trade on financial markets ark’s fund plans to offer quarterly redemptions capped at 5 of the fund’s net asset value according to mr friedrich the fund has a 275 management fee and anticipates distribution and other fees to total 147 in its first year of operation assuming average net assets of about 250 million during that period according to ark investors won’t pay an additional platform fee to titan for the fund interval funds in the us have an average management fee of 14 according to morningstar direct data tracking 72 funds ark’s venture fund doesn’t have carried interest a share of profits paid out to the fund’s managers venturecapital funds traditionally have a fee structure of a 2 management fee and 20 carried interest an expanded version of this story appears on wsjcom | 0 |
shares of hdfc bank ltd 500180 inched up 038 to 165110 indian rupees monday on what proved to be an allaround positive trading session for the stock market with the sp bse sensex index 1 rising 056 to 6652767 hdfc bank ltd closed 10670 rupees below its 52week high 175780 rupees which the company reached on july 3 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 | 0 |
rio tinto plc rio shares inched down 095 to £4869 monday on what proved to be an allaround favorable trading session for the stock market with the ftse 100 index ukx rising 023 to 727379 rio tinto plc closed £1538 below its 52week high £6406 which the company achieved on january 26 trading volume 14 m remained 18 million 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 | 0 |
shares of albemarle corp alb rallied 335 to 29695 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 069 to 389989 and the dow jones industrial average djia rising 064 to 3101968 this was the stocks second consecutive day of gains albemarle corp closed 1129 below its 52week high 30824 which the company reached on september 14th the stock outperformed some of its competitors monday as wr grace co gra rose 003 to 6999 avient corp avnt rose 299 to 3788 and basf se adr basfy rose 278 to 1072 trading volume 11 m remained 129932 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 | 0 |
pursuant to a directors resolution dated march 31 2022 the company has consolidated its capital on a 25 old for 1 new basis the name of the company has not been changed effective at the opening april 21 2022 the common shares of azincourt energy corp will commence trading on tsx venture exchange on a consolidated basis the company is classified as a mineral explorationdevelopment company post consolidation capitalization unlimited shares with no par value of which the issuer has declared the following dividends dividend per share 00125 payable date may 17 2022 record date may 3 2022 exdividend date may 2 2022 the capital pool companys the company prospectus dated january 31 2022 has been filed with and accepted by tsx venture exchange and the ontario british columbia and alberta securities commissions effective february 3 2022 under the provisions of the respective securities acts the common shares of the company will be listed and admitted to trading on tsx venture exchange on the effective dates stated below the gross proceeds to be received by the company for the offering are 654900 6549000 common shares at 010 per share listing date at the close of business 501 pm edt on april 20 2022 commence date the common shares will commence trading on tsx venture exchange at the opening thursday april 21 2022 upon confirmation of closing the closing of the public offering is scheduled to occur before the market opening on april 21 2022 a further notice will be issued upon receipt of closing confirmation capitalization unlimited common shares with no par value of which 26549000 common shares are issued and outstanding escrowed shares 20000000 common shares agents options 654900 options to purchase one share at 010 for a period of 2 years from the date of the listing for further information please refer to the companys prospectus dated january 31 2022 the issuer has declared the following distributions merida minerals holdings inc espn formerly merida minerals inc espn bulletin type name change bulletin date april 19 2022 tsx venture tier 2 company pursuant to a resolution passed by shareholders on february 10 2021 the company has changed its name as follows there is no consolidation of capital effective at the opening thursday april 21 2022 the common shares of merida minerals holdings inc will commence trading on tsx venture exchange and the common shares of merida minerals inc will be delisted the company is classified as a copperzinc ore mining company capitalization unlimited common shares with no par value of which starlight us multifamily no 2 core plus fund scpta scptu bulletin type notice of distribution bulletin date april 19 2022 tsx venture tier 1 company the issuer has declared the following distributions distribution per cdn unit cdn 003333 distribution per us unit us 003333 payable date may 16 2022 record date april 29 2022 exdistribution date april 28 2022 the issuer has declared the following distributions distribution per cdn unit cdn 003268 distribution per us unit us 003268 payable date may 16 2022 record date april 29 2022 exdistribution date april 28 2022 aip realty trust aipu formerly value capital trust vlup bulletin type reinstated for trading cpcfiling statement qualifying transactioncompletednew symbol name change and consolidation bulletin date april 19 2022 tsx venture tier 2 company the trust units of the company have been suspended from trading since july 23 2019 the company having failed to complete a qualifying transaction within 24 months of its listing further to tsx venture exchange bulletin dated july 19 2019 the company has now completed its qualifying transaction effective at the opening thursday april 21 2022 trading will be reinstated in the securities of aip realty trust new cusip 00149w 10 1 under the new symbol aipu on tsx venture exchange the trust units of aip realty trust will commence trading on tsx venture exchange in us dollars only under the trading information set out below tsx venture exchange has accepted for filing the companys cpc filing statement dated march 31 2022 for the purpose of filing on sedar tsx venture exchange has accepted for filing the companys qualifying transaction described in its filing statement dated march 31 2022 as a result at the opening on thursday april 21 2022 the company will no longer be considered a capital pool company the qualifying transaction includes the following the qualifying transaction involves the arms length acquisition of aip yield fund lp for consideration of 85361 trust units at a deemed price of us200 per trust unit aip yield fund lp completed a brokered private placement of 2752500 subscription receipts at us200 per receipt each subscription receipt was convertible into 1 trust unit upon completion of the qt agents received a commission of us148400 and 74200 warrants at an exercise price of us200 per trust unit in connection with the subscription receipt private placement 1553302 trust units issued to principals pursuant to the qualifying transaction will be subject to a tier 2 value security escrow agreement to be released over a 36month period 32059 trust units issued to nonprincipals pursuant to the qualifying transaction will be subject to a tier 2 value security escrow agreement to be released over a 36month period pursuant to the exchanges seed share resale restrictions 330000 trust units are subject to a cpc escrow agreement to be released over an 18month period pursuant to a resolution passed by trustees on march 9 2022 the company has consolidated its capital on a 20 old for 1 new basis the name of the company has also been changed to aip realty trust effective at the opening thursday april 21 2022 the trust units of aip realty trust will commence trading on tsx venture exchange and the trust units of value capital trust will be delisted the company is classified as a real estate developmentinvestment trust company capitalization postconsolidation unlimited trust units with no par value of which us dollar trading symbol aipu new cusip 00149w 10 1 new for further information please refer to the companys filing statement dated march 31 2022 which is effective at 445 am pst april 19 2022 trading in the shares of the company was halted at the request of the company pending news this regulatory halt is imposed by investment industry regulatory organization of canada the market regulator of the exchange pursuant to the provisions of section 1091 of the universal market integrity rules effective at 802 am pst april 19 2022 trading in the shares of the company was halted at the request of the company pending news this regulatory halt is imposed by investment industry regulatory organization of canada the market regulator of the exchange pursuant to the provisions of section 1091 of the universal market integrity rules effective at 945 am pst april 19 2022 shares of the company resumed trading an announcement having been made tsx venture exchange has accepted for filing the companys proposal to issue bonus shares in the manner described below to zebra holdings and investments sarl and lorito holdings sarl in consideration of us 30000000 loan the loan the company has issued 150000 common shares of the company and will issue an additional 4000 common shares per month prorated for partial months for each us 1000000 of the principal amount outstanding under the loan from time to time up to march 11 2023 for additional details please refer to the companys news release dated march 14 2022 tsx venture exchange has accepted for filing documentation with respect to a nonbrokered private placement announced march 10 2022 each nontransferable finder warrant is exercisable into one common share of the company at a price of 015 per share for an 18month period pursuant to corporate finance policy 41 section 19e the company issued a news release on march 31 2022 announcing the closing of the private placement and setting out the expiry dates of the hold periods note that in certain circumstances the exchange may later extend the expiry date of the warrants if they are less than the maximum permitted term tsx venture exchange has accepted for filing documentation with respect to a nonbrokered private placement announced march 1 2022 finders fee 1428 and 8400 finders warrants payable to cmequity ag 9163 and 53900 finders warrants payable to hampton securities 6069 and 35700 finders warrants payable to pi financial corp pursuant to corporate finance policy 41 section 19e the company has issued a news release announcing the closing of the private placement on march 14 2022 and april 5 2022 and setting out the expiry dates of the hold periods further to an atthemarket offering of shares made pursuant to a prospectus supplement dated january 13 2022 to the companys short form base shelf prospectus dated november 26 2020 filed with the securities commissions in each of the provinces of canada tsx venture exchange has accepted for filing documentation with respect to the sales set out below under the atthemarket offering tsx venture exchange has been advised by the company that sales under the atthemarket offering occurred during the quarter ended march 31 2022 providing gross proceeds of 816243 offering an aggregate of 2754300 common shares were issued during the companys interim period ended march 31 2022 for further details please refer to the companys short form base shelf prospectus dated november 26 2020 prospectus supplement dated january 13 2022 and filed on sedar and news releases dated january 13 2022 and april 8 2022 tsx venture exchange has accepted for filing documentation with respect to a nonbrokered private placement announced april 1 2022 finders fee glores securities inc – 14000 cash and 233333 finders warrants kreuzfeld ag camillo lorenzi seid muaremoski markus winkler and anton venzin 8400 cash and 140000 finders warrants small cap invest gmbh alexander friedrich 6930 cash and 115550 finders warrants each nontransferable finder warrant is exercisable into one common share of the company at a price of 008 per share for a threeyear period pursuant to corporate finance policy 41 section 19e the company issued a news release on april 1 2022 announcing the closing of the private placement and setting out the expiry dates of the hold period note that in certain circumstances the exchange may later extend the expiry date of the warrants if they are less than the maximum permitted term tsx venture exchange has consented to the extension in the expiry date of the following warrants new expiry date of warrants may 13 2025 these warrants were issued pursuant to a private placement of 12000000 shares with 12000000 share purchase warrants attached which was accepted for filing by the exchange effective may 14 2020 the 1808834 warrants not being extended were previously exercised by the holders thereof further to the tsx venture exchange tsxv bulletin dated april 12 2022 trading in the shares of the company will remain halted pending receipt and review of acceptable documentation regarding the reviewable disposition pursuant to listings policy 53 sections 56d this regulatory halt is imposed by investment industry regulatory organization of canada the market regulator of the exchange pursuant to the provisions of section 1091 of the universal market integrity rules effective at 828 am pst april 19 2022 trading in the shares of the company was halted at the request of the company pending news this regulatory halt is imposed by investment industry regulatory organization of canada the market regulator of the exchange pursuant to the provisions of section 1091 of the universal market integrity rules tsx venture exchange has accepted for filing an agreement and plan of merger dated february 18 2022 the agreement between salona global medical device corporation the company and an arms length seller the seller pursuant to which the company will acquire mioguard llc mioguard a medical device sales and marketing business under the agreement an indirect wholly owned subsidiary of the company the salona global buyer will acquire all of the units of mioguard from the seller in exchange for i 1300000 class b units of salona global buyer ii up to 125000 class b units of salona global buyer per quarter for eight consecutive quarters immediately following closing and iii up to 4000000 class b units of salona global buyer issuable to the seller upon meeting certain profitability milestones during the eight consecutive quarters under the agreement class b units of salona global buyer will be exchangeable at the option of the holder into class a nonvoting common shares of the issuer the class a shares on a one for one basis the class a shares have the same attributes as the common shares of the company except that they do not carry the right to vote and are convertible subject to certain terms and conditions into common shares of the company on a oneforone basis the class a shares are subject to a blocker provision prohibiting a holder from converting the class a shares into common shares of the company if it would result in such holder holding more than 99 of the companys common shares in addition the holder of the class a shares is restricted from holding more than 500000 of the companys common shares at any time for greater clarity the number of common shares of the company issuable pursuant to the agreement shall not exceed 6300000 for more information refer to the companys news releases dated february 22 2022 and march 18 2022 tsx venture exchange has accepted for filing documentation with respect to a nonbrokered private placement announced april 12 2022 pursuant to corporate finance policy 41 section 19e the company has issue a news release on april 14 2022 announcing the closing of the private placement and setting out the expiry dates of the hold periods tsx venture exchange has accepted for filing documentation an asset purchase and sale agreement agreement dated march 7 2022 between the company and avalon energy ltd the vendor pursuant to the terms of the agreement the company will acquire certain oil and gas assets from the vendor located in the murray lake and hays areas of southern alberta in return for a total consideration of 2500000 purchase price the purchase price will be satisfied by providing the vendor with 1750000 in cash and issuing 750000 worth of the companys common shares at a deemed price of 025 per common share for further information please reference the companys news releases dated january 13 2022 and april 12 2022 tsx venture exchange has accepted for filing documentation with respect to a nonbrokered private placement announced on january 17 2022 warrant exercise price 030 for twelve 12 months from the date of issuance the warrants are subject to an acceleration clause such that if the daily volume weighted average closing price of the common shares of the company on the tsx venture exchange is 035 or more for a period of twenty 20 consecutive days the company will be entitled to notify all holders of warrants of its intention to force the exercise of the warrants and to issue a press release to such effect following which the holders of warrants shall have thirty 30 days from the date of the press release to exercise the warrants pursuant to corporate finance policy 41 section 111d the company issued a news release dated february 17 2021 announcing the closing of the private placement and setting out the expiry dates of the hold periods tsx venture exchange has accepted for filing the companys proposal to issue 2883386 common shares at a deemed price of 050 per common share to settle outstanding debt for 144169315 due as dividends on the series i preferred shares of the company for further information please reference the companys news release dated april 7 2022 | 0 |
shares of schlumberger ltd slb inched 031 higher to 5846 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 020 to 399097 and dow jones industrial average djia falling 114 to 3391085 this was the stocks ninth consecutive day of gains schlumberger ltd closed 015 below its 52week high 5861 which the company achieved on january 12th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as baker hughes co bkr fell 047 to 3148 halliburton co hal fell 030 to 4253 and nov inc nov rose 125 to 2357 trading volume 85 m remained 28 million below its 50day average volume of 112 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 | 0 |
shares of chase corp ccf rallied more than 5 in the extended session friday after the wall street journal reported that the specialtychemicals maker is working with advisers on a potential sale according to the report which cited people familiar with the matter chase has received multiple bids from privateequity firms and other industrial companies one of the privateequity bids comes from pritzker private capital the report said pritzker private capital is a familyowned investment firm connected to the family of illinois gov jb pritzker and others chase corp’s market capitalization hovered at around 117 billion according to factset as of late friday the stock has gained about 43 so far this year compared with an advance of around 12 for the sp 500 index spx | 0 |
wolfspeed inc wolf stock is up 154 in premarket trades on wednesday after the silicon carbide materials specialist said it executed a 2 billion deposit from renesas electronics corp 6723 for a 10year supply of its silicon carbide bare and epitaxial wafers the deal will “pave the way for renesas to scale production of silicon carbide power semiconductors starting in 2025” renesas said | 0 |
citys foie gras sales ban violates section 305a of ny agriculture and markets law which protects farms against unreasonable regulations hudson valley duck farmers organized as the catskill foie gras collective announced today that the new york state department of agriculture and markets has ruled that nycs proposed ban on the sale of foie gras in nyc restaurants and retail stores violates state law the department has issued an order directing that new york city immediately comply with the provisions of section 305a of the agriculture and markets law and refrain from taking any action that would restrict the farmers ability to sell their product in the new york city market agriculture and markets law § 305a prohibits municipalities like new york city from enacting laws that unreasonably restrict farming operations in certified agricultural districts the hudson valley duck farms are located within certified agricultural districts the department issued its order after investigating the farmers complaint that nycs sales ban which is known as local law 202 would unreasonably restrict their operations after reviewing our complaint the department of agriculture has determined the citys proposed actions do in fact violate new york state law said marcus henley a spokesperson for the catskill foie gras collective we are extremely grateful that the department has taken this action as hundreds of sullivan county farm worker jobs were hanging in the balance local law 202 would have become effective on november 25 2022 but in a separate lawsuit a manhattan judge issued a preliminary injunction that enjoins the city from enforcing the law pending further proceedings in that suit had local law 202 gone into effect at that time the sales ban would have caused millions of dollars in revenue loss to the state new york city restaurants wholesale distributors retail store owners and related transportation companies on a broader scale the order stops local municipalities from establishing a dangerous precedent of dictating to us what farmers can grow and what people can eat added henley its great news for farmers and fine diners everywhere proponents for the sales ban including animal rights groups mistakenly claim that ducks are treated inhumanely during the foie gras production process hudson valley foie gras and la belle farms respond that their ducks are well cared for are allowed to roam freely and are processed in a governmentinspected facility strictly adhering to animal welfare and federal regulations both farms produce foie gras using a special handfeeding method like no other farm in the world so as not to harm the ducks these wellfunded groups are reactionary and powerful often times acting without knowing all the facts said sergio saravia president of la belle farms we welcome politicians and reporters to visit our poultry farms and see firsthand the farming practices we have in place new york city has thirty days to challenge the departments order by filing a court proceeding in albany county we hope the city will accept the order given the departments authority and expertise enforcing the agriculture and markets law but we will continue to fight to protect our farms if the city decides to spend even more taxpayer dollars on taking the matter to court in albany for more information about foie gras production visit httpsfoiegrasfactsorg the catskill foie gras collective is comprised of hudson valley foie gras and la belle farm the main producers of foie gras to restaurants and retail food stores the collective serves as a resource for factual information and independent articles about our farming for more information visit httpsfoiegrasfactsorg | 0 |
shares of news corp on friday fell after the company said it is reducing its global workforce by about 5 after closing its latest quarter with a drop in profit and revenue at 1136 et shares were down 8 at 165 the new yorkbased media company which owns dow jones co publisher of this newswire and the wall street journal as well as harpercollins publishers and news organizations in the uk and australia said net profit for the three months ended dec 31 fell to 67 million or 12 cents a share from 235 million or 40 cents a share a year earlier we believe these challenges are more ephemeral than eternal news corp chief executive robert thomson said about the effects of inflation and high interest rates the initiatives now under way including an expected 5 headcount reduction or around 1250 positions this calendar year will create a robust platform for future growth he added | 0 |
fund manager says he likes these indian banks gurmeet chadha of complete circle says the banking sector tends do well when interest rates rise | 0 |
shares of leidos holdings inc ldos rose 212 to 7855 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 119 to 415877 and the dow jones industrial average djia rising 124 to 3342077 leidos holdings inc closed 3236 short of its 52week high 11091 which the company achieved on december 2nd the stock demonstrated a mixed performance when compared to some of its competitors wednesday as raytheon technologies corp rtx rose 116 to 9657 lockheed martin corp lmt rose 214 to 45730 and northrop grumman corp noc rose 269 to 44734 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 | 0 |
shares of dte energy co dte inched 024 higher to 12078 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 022 to 449619 and the dow jones industrial average djia rising 011 to 3540550 the stocks rise snapped a twoday losing streak dte energy co closed 296 short of its 52week high 12374 which the company reached on may 10th the stock outperformed some of its competitors wednesday as xcel energy inc xel rose 003 to 6831 wec energy group inc wec rose 022 to 9466 and eversource energy es fell 058 to 9035 trading volume 744172 remained 351645 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 | 0 |
shares of hasbro inc has shed 385 to 9421 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 second consecutive day of losses hasbro inc closed 1152 below its 52week high 10573 which the company reached on january 5th the stock underperformed when compared to some of its competitors tuesday as walt disney co dis fell 216 to 14809 nintendo co ltd adr ntdoy fell 122 to 6310 and activision blizzard inc atvi rose 022 to 8123 trading volume 15 m eclipsed its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
a lack of momentum among lawmakers this summer—as federal cannabis reform took a back seat to issues like infrastructure—has weighed on shares of midsize marijuana seller terrascend in recent months its declines could prove fleeting a week ago the company announced a 545 million allstock acquisition of michiganbased gage growth though the deal would expand terrascend’s ticker trssf footprint to five states and canada it received a muted response from investors advisorshares chief operating officer dan ahrens chalked it up to latesummer slowness ahead of the labor day holiday weekend “it’s a highly accretive acquisition” ahrens says noting gage brings terrascend a strong presence in michigan “it wasn’t noticed by many people but i think it’s a big move i think it’s the start of a big wave of ma we’re going to see in the united states” ahrens manages the us focused advisorshares pure us cannabis exchangetraded fund msos as well as its more global cousin advisorshares pure cannabis yolo the top four holdings in the us cannabisfocused fund are the four most prominent us cannabis operators— green thumb industries gtbif curaleaf holdings curlf trulieve cannabis tcnnf and cresco labs crlbf—with terrascend ranking seventh and making up 53 of the portfolio ahrens argues that terrascend warrants more attention especially given that it’s trading at just 29 times estimated fiscal 2022 sales by comparison green thumb trades at 53 times estimated fiscal 2022 sales while curaleaf trades at 43 times next year’s estimates terrascend shares closed down 28 on wednesday at 657 they are down 35 in 2021 “i like all those companies a great deal” ahrens says “terrascend is one of my holdings that’s just right below them it’s in my fund’s top 10 but it’s very soon going to move up its ownership a little bit once combined with the gage acquisition” beyond the acquisition and a licensing deal with the popular cookies brand ahrens likes the company’s management team including executive chairman jason wild ahrens credits wild in part for the company’s strong balance sheet which includes 1542 million in cash and cash equivalents compared with 741 million in current liabilities wild’s jw asset management owns large stakes in both gage and terrascend the companies said wild—as well as richard mavrinac a director on both boards—didn’t take part in the meeting in which the transaction was discussed and approved and didn’t vote on the transaction though the stock has fallen along with its peers ahrens believes there’s a disconnect between the company’s financials and the reaction to its most recent quarterly report in august in which management withdrew guidance ahrens believes the brewing gage acquisition might explain that decision “i think the future is very bright for the combined companies and it has not been baked into the price” ahrens adds “that’s why i think this one’s one of the most undervalued out there” after a strong runup last fall shares of us cannabis operators have sagged as individual investors grew antsy for federal cannabis reform ahrens says though he believes change is coming senate majority leader chuck schumer d ny unveiled his plan for descheduling the plant in july though infrastructure and the broader budget negotiations have taken priority one simple fix with bipartisan support that would immediately benefit us operators would be protections for bankers that service planttouching businesses in states where cannabis is legal another sticking point is the ability for us operators to list shares on the new york stock exchange or nasdaq a luxury already afforded to canadafocused businesses that’s one way terrascend differs from its peers though it’s forced to list shares in canada and trade overthecounter in the us because of its operations in the states the company is based in mississauga ontario and is licensed in canada too it also has a complicated deal with canopy growth cgc of which brewer constellation brands stz owns a controlling stake though canopy can’t own an american operator outright it has a complicated deal through warrants for a roughly 20 stake in terrascend that is contingent on changes to us cannabis laws canopy ceo david klein in february called terrascend “a key component of our us ecosystem strategy” “for anybody that is intrigued that the canadians will have access to the us once reforms happen terrascend might really be in the driver’s seat if that ever happens because of their canopy relationship” ahrens said for those agonizing over the strengths and weaknesses of us and canadian outfits terrascend offers an intriguing play on both | 0 |
shares of marketaxess holdings inc mktx rallied 372 to 25694 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 066 to 400618 and the dow jones industrial average djia rising 061 to 3177452 this was the stocks second consecutive day of gains marketaxess holdings inc closed 19750 short of its 52week high 45444 which the company reached on september 9th the stock outperformed some of its competitors thursday as cme group inc cl a cme rose 132 to 20198 intercontinental exchange inc ice rose 089 to 10321 and nasdaq inc ndaq rose 107 to 6309 trading volume 327962 remained 5276 below its 50day average volume of 333238 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 | 0 |
shares of kinder morgan inc kmi dropped 011 to 1845 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 074 to 451963 and the dow jones industrial average djia rising 056 to 3545731 the stocks fall snapped an eightday winning streak kinder morgan inc closed 084 short of its 52week high 1929 which the company achieved on june 11th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as exxon mobil corp xom rose 150 to 6350 and enterprise products partners lp epd fell 041 to 2447 trading volume 100 m remained 35 million below its 50day average volume of 135 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 | 0 |
shares of bank of nova scotia bns slid 057 to c8749 thursday in what proved to be an otherwise allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 021 to 2183489 this was the stocks second consecutive day of losses bank of nova scotia closed c751 below its 52week high c9500 which the company achieved on february 9th trading volume of 47 m shares eclipsed its 50day average volume of 46 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
cinemark holdings inc shares fell 11 in morning trading after the cinema company posted a surprise loss for the recently ended quarter the plano texasbased company friday posted a secondquarter loss of 734 million or 61 cents a share compared to a loss of 1424 million or 119 a share a year earlier wall street was looking for a profit of 21 cents a share according to factset the company saw revenue surge nearly 153 to 7441 million in the quarter as moviegoers returned to theaters around the world as concerns around the covid19 pandemic faded as sales rose cost of operations roughly doubled driven by higher salaries and wages utilities costs and the cost of film rentals and advertising cinemark stock fell 11 to 1719 a share in morning trading shares are still 6 higher so far this year outperforming the sp 500s 13 drop over that same period last year cinemark stock fell about 7 lagging the sp 500s 27 gain in 2020 the stock dropped nearly 49 while the sp 500 gained 16 write to will feuer at willfeuerwsjcom | 0 |