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elon musk said saturday that donald trump would be allowed back on twitter after the sites new owner ran a poll in which a narrow majority of 15 million voters supported the move the people have spoken trump will be reinstated musk tweeted of the former us presidents account which was banned last year after a mob of his supporters attacked the us capitol

gold traded marginally higher on tuesday but remained near its lowest level in a week as anxieties about further interest rate rises by the federal reserve in the face of high inflation weighed on precious metals prices gold for december delivery gcz22 rose 1 or 01 to trade at 1676 per ounce on comex december silver siz22 shed 26 cents or 14 to 1936 per ounce after finishing at its lowest level since since sept 30 on monday on an intraday basis it traded at its lowest level in about a week december palladium futures paz22 rose by 26 or 12 to 2194 per ounce while january platinum plf23 lost 460 or 05 to 891 per ounce december copper futures hgz22 shed 4 cents or 11 to settle at 34305 per pound craig erlam a senior market strategist at oanda said he wasn’t surprised to see the rally fizzle over the past week but now that their latest advance has “well and truly wilted” erlam wonders how much lower the precious metal will go in the near term as markets brace for us inflation data this week and next federal reserve interestrate hike in november “key levels in gold below include 1640 and 1620 with 1600 then the one to watch if it does manage a recovery then 16851690 looks interesting as it’s a level it has repeatedly rotated around in recent months” erlam said the us consumer priced index data for october is due for release on thursday ahead of the next federal reserve policy meeting on november 23

the following estimates as compiled by the wall street journal for the nations feedyards with a capacity of 1000 or more head are in percentages of the yearearlier figure high and low projections were dropped in the calculation of averages the us department of agriculture report is scheduled for release at 3 pm et 1900 gmt friday

shares of amazoncom inc amzn slumped 48 in afternoon trading tuesday adding to mondays 28 drop after ubs analyst lloyd walmsley cut his stock price target to 167 from 209 citing some risks to the ecommerce and cloud giants financial outlook depending no the macroeconomic environment walmsley lowered his revenue estimate for 2022 to 5232 billion from 5267 billion and for 2023 to 5987 billion from 6159 billion walmsley kept his rating at buy however as his lowered price target still implied about 43 upside from current levels and his longerterm outlook remained upbeat we see risk to the consensus revenue and operating income outlook near term through for investors with longerterm time horizons we think the current riskreward looks compelling walmsley wrote in a note to clients we do see margins improving in 2023 as the company cuts fulfillment and logistics capacity sees covid costs continue to come out of the pl profitandloss benefits from a full year of the prime price hikes and the fuel surcharges amazons stock has tumbled 354 year to date while the sp 500 spx has dropped 194

washington dow jonesthe us treasury plans to auction 50 billion in reopened 161day bills tuesday the debt will settle on june 01 2023 and will mature nov 09 2023 the debt is a reopening of an issue first sold on may 11 2023 the federal reserve holds 11921 billion of maturing securities for its own account amounts bid by the federal reserve banks for their own account will be in addition to the public offering amount noncompetitive tenders for the 161day bills available in minimum denominations of 100 must be received by 1200 pm eastern time tuesday competitive tenders available in minimum denominations of 100 must be received by 100 pm eastern time

shares of garmin ltd grmn rose 299 to 10008 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 070 to 409075 and dow jones industrial average djia falling 080 to 3341424 garmin ltd closed 1431 below its 52week high 11439 which the company reached on may 4th

shares of applied materials inc amat rose 127 to 14179 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 069 to 436901 and the dow jones industrial average djia rising 043 to 3421212 this was the stocks second consecutive day of gains applied materials inc hit a new 52week high surpassing its previous peak of 14023 which the company achieved on june 12th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as broadcom inc avgo fell 050 to 85112 qualcomm inc qcom rose 187 to 12443 and advanced micro devices inc amd fell 361 to 12453 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

stocks rallied slightly on wednesday after minutes from the federal reserve’s most recent policy meeting showed that the central bank is likely to continue raising interest rates by a halfpercentage point each in june and july amid growing urgency to combat surging inflation and avoid an economic downturn stocks moved higher as investors assessed the minutes of the fed’s policy meeting earlier in may the dow jones industrial average rose 03 over 100 points while the sp 500 gained 08 and the nasdaq composite 14 the latest minutes show that there is a consensus among fed officials about the growing need for tighter monetary policy from the central bank while interest rates could be increased more quickly than markets have currently priced in most officials agreed that it would be necessary to continue the current pace of aggressive monetary policy and raise interest rates by 050 intervals at the upcoming meetings in june and july the fed “should expeditiously move the stance of monetary policy toward a neutral posture” but a “restrictive” stance on policy may well become appropriate “depending on the evolving economic outlook and the risks” according to the latest minutes while the central bank is monitoring the economic impact of surging inflation which led to slowing economic growth in the first quarter officials expect gdp growth to rebound in the second quarter and “advance at a solid pace over the remainder of the year” retail and consumer stocks which have been hardhit in the last couple of weeks after dismal earnings and profit warnings from several major companies pared back some of their recent losses and led the market gains on wednesday “most participants judged that 50 basispoint increases in the target range would likely be appropriate at the next couple of meetings” according to the minutes from the fed’s may 34 meeting released on wednesday what to watch for “the fomc minutes are over three weeks old but they did give a glimmer of hope that they could adjust their policy tightening stance later in the year” says edward moya senior market analyst for oanda “the fed mostly sees 50 basis point increases appropriate at the next couple of meetings as they are behind the curve with fighting inflation” he adds while “optimistic about the economy” the central bank is “growing concerned with markets for treasuries and commodities” earlier this month the federal reserve raised interest rates by half a percentage point the largest increase yet in the battle to combat surging inflation markets currently expect a similar rate hike at the central bank’s upcoming meeting in june according to the cme group data inflationary pressures and the prospect of rising rates have weighed on markets with stocks having one of their worst starts to a year on record the sp 500 briefly plunged into bear market territory last week and currently sits 17 below its record highs in january billionaire investor bill ackman says the fed isn’t doing its job fighting ‘runaway’ inflation forbes here’s how long it takes for stocks to recover from bear markets forbes here’s the worst case scenario for stocks according to goldman deutsche bank and bank of america forbes

shares of american electric power co inc aep dropped 038 to 8760 monday on what proved to be an allaround great 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 american electric power co inc closed 1800 below its 52week high 10560 which the company achieved on september 12th the stock demonstrated a mixed performance when compared to some of its competitors monday as nextera energy inc nee fell 053 to 7550 duke energy corp duk fell 001 to 9477 and southern co so fell 015 to 7295 trading volume 24 m remained 752059 below its 50day average volume of 31 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of automatic data processing inc adp rose 206 to 25082 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 090 to 451844 and the dow jones industrial average djia rising 116 to 3547313 automatic data processing inc closed 2410 below its 52week high 27492 which the company reached on december 13th the stock outperformed some of its competitors monday as oracle corp orcl rose 145 to 11610 and accenture plc cl a acn rose 124 to 31587 trading volume 13 m remained 576449 below its 50day average volume of 18 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

kuala lumpur malaysias trade surplus widened in june from the previous month but exports and imports were both lower on year mainly due to lower shipments of palm oil palmbased agriculture products and lower imports of intermediate goods the southeast asian nation reported a trade surplus of 2581 billion ringgit 568 billion compared with myr1542 billion in may compared to may 2023 exports and trade surplus expanded by 37 and 644 while trade and imports were down by 05 and 54 respectively the ministry of investment trade and industry said thursday compared with the previous year exports declined 141 in june to myr12398 billion while imports were 189 lower at myr9816 billion the data showed exports were tipped to have dropped 154 on year while imports were projected to have fallen 266 resulting in a trade surplus of myr188 billion according to the median forecast in a poll by the wall street journal for the first six months of 2023 exports were 45 lower at myr70327 billion and imports declined 47 to myr58475 billion while trade surplus was 36 lower at myr11852 billion shipments to china in june were 80 lower on year at myr1678 billion while exports to the us fell 19 on year to myr1364 billion below are the figures for malaysias trade with its five largest export and import trading partners in june

gold and silver prices were trading higher on tuesday as the dollar retreated while industrial metals like copper suffered even as news of china’s reopening plans helped to lift other markets gold for february delivery gcg23 rose 1230 or 07 to 1816 per ounce on comex march silver sih23 rose 38 cents or 16 to 2433 per ounce march palladium pah23 rose 46 or 27 to 1778 per ounce while april platinum futures plj23 fell 190 or 02 to 1030 per ounce march copper hgh23 climbed 8 cents or 22 to 3894 per pound gold prices remain positioned just below their highest levels since june and on track to surpass levels from earlier this month as a rally in precious metals prices that began roughly six weeks ago looks poised to continue market strategists said whatever happens to prices of the yellow metal it’s likely the direction of the greenback will play a crucial role as it has since gold prices rallied to their highest levels of the year in march “gold remains poised just under multimonth highs and if the contrarian idea of a weaker dollar in 2023 comes to fruition and there’s reason to believe it will then gold will have a positive catalyst behind it as we start the new year” said analysts at the sevens report the ice us dollar index dxy a gauge of the dollar’s strength against a basket of its main rivals was off 01 at 10425 it has fallen 7 since the start of the fourth quarter

shares of vornado realty trust vno slid 652 to 2924 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 388 to 374963 and dow jones industrial average djia falling 279 to 3051674 this was the stocks fourth consecutive day of losses vornado realty trust closed 2112 below its 52week high 5036 which the company achieved on june 14th the stock demonstrated a mixed performance when compared to some of its competitors monday as sl green realty corp slg fell 740 to 4902 lxp industrial trust lxp fell 424 to 1038 and alexanders inc alx fell 413 to 22134 trading volume 27 m eclipsed its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the biden administration is planning for an executive order next month that aims to limit us investment in certain sectors in china according to a bloomberg report citing unnamed sources the order looks set to come around the time of a group of seven meeting in japan that starts on may 19 as the us wants g7 nations to endorse it a wall street journal report last month said the biden administration was preparing a new program that could prohibit us investment in certain sectors in china and was reaching out to g7 allies to build support for the concept

washington dow jonesthe us treasury plans to auction 18 billion in reopened 29year 11month bonds thursday the debt will settle on march 15 2023 and will mature feb 15 2053 the debt is a reopening of an issue first sold on feb 15 2023the coupon is set at 3625 the federal reserve holds 711 billion of maturing securities for its own account amounts bid by the federal reserve banks for their own account will be in addition to the public offering amount noncompetitive tenders for the 29year 11month bonds available in minimum denominations of 100 must be received by 1200 pm eastern time thursday competitive tenders available in minimum denominations of 100 must be received by 100 pm eastern time

signage on a saleforce office building in san francisco california us on tuesday feb 23 2021 here are the stocks making headlines in midday trading salesforce – salesforce shares rose 47 after the enterprise software maker reported fiscal secondquarter earnings and forward guidance that exceeded analysts expectations revenue rose 23 yearoveryear in the quarter the same growth as the prior quarter dollar tree – shares of the discount retailer dropped over 10 after it reported a mixed quarter dollar tree recorded earnings of 123 per share which beat analysts estimates of 100 it reported revenue of 634 billion which missed estimates of 645 billion dollar general – shares of dollar general fell about 4 despite the discount retailer beating estimates on both top and bottom lines dollar general reported earnings of 269 per share on revenue of 865 billion analysts expected earnings of 259 per share on revenue of 861 billion according to refinitiv however dollar general issued lowerthanexpected earnings guidance for the full year autodesk – the software stock slid more than 8 following its secondquarter earnings report autodesk beat estimates for earnings per share but revenue was in line with expectations and its thirdquarter outlook showed only small increases for both metrics williamssonoma – shares of the retailer rose 10 after reporting betterthanexpected earnings and revenue williamssonoma earned 324 per share topping estimates of 261 per share according to refinitiv the company made 195 billion in revenue last quarter higher than the forecast 181 billion abercrombie fitch – shares of abercrombie fitch sunk 12 after the apparel retailer missed quarterly revenue expectations the company reported revenue of 865 million while analysts expected 879 million according to refinitiv abercrombie fitch topped earnings expectations by 93 cents per share with a profit of 170 per share zoom video – shares of the video conferencing company rose 18 after morgan stanley upgraded the stock to overweight from equal weight the firm said in a note to clients that the market was too concerned about zooms growth prospects with workers returning to the office coty – shares of the cosmetics company rose more than 16 after coty reported betterthanexpected sales for its fiscal fourth quarter the company also said it expects positive sales growth in the year ahead jm smucker – the food products stock fell more than 3 despite jm smucker beating estimates on the top and bottom lines for its fiscal first quarter the company reported adjusted earnings per share for 190 on 186 billion in revenue analysts surveyed by refinitiv were looking for 186 per share on 18 billion in revenue pure storage – the information technology stock soared over 14 after pure storage reported top and bottom line beats for its fiscal second quarter revenue was up 23 year over year with subscription revenue growing by 31 cnbcs hannah miao maggie fitzgerald and tanaya macheel contributed to this report

shares of edison international eix shed 117 to 6658 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 eighth consecutive day of losses edison international closed 834 below its 52week high 7492 which the company achieved on may 1st the stock demonstrated a mixed performance when compared to some of its competitors wednesday as nextera energy inc nee rose 011 to 7424 southern co so fell 042 to 7085 and dominion energy inc d fell 187 to 5131 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

two world bank entities provided a record 75 billion in financing last year said a letter by its president as developing countries faced crises like climate change and russias invasion of ukraine the aid comes as countries emerging from the covid19 pandemic were hit by fallout from war in ukraine and surging inflation while climate change brought further devastation said world bank president david malpass in a letter seen by afp the assistance last year was 35 percent above the past four years average he said the world banks assistance also came as part of a global crisis response package involving up to 170 billion in financing over 15 months this helps to address issues ranging from food insecurity to restoring growth malpass said in the letter to the banks governors typically countries finance ministers or other officials in particular the world bank delivered 317 billion in climate finance last year and channeled another 18 billion towards ukraine since the start of the war the bank had worked to fund essential ukrainian government services while preparing a new series of operations to address urgent needs and repairs in key sectors like health and energy overall the record funds came through the international bank for reconstruction and development as well as the international development association looking ahead to 2023 the world is facing equally daunting challenges said malpass he added that it is vital to reduce unsustainable debt burdens promote debt transparency and boost investment to increase jobs productivity and production

creditcard debt surpassed the 1 trillion mark during the second quarter a milestone pointing at consumers’ continuing willingness or need to resort to credit cards in order to meet rising prices americans’ collective creditcard bill rose to 103 trillion from 986 billion in the first quarter according to the household debt report released tuesday by the federal reserve bank of new york overall americans are taking on more debt and largely paying their bills on time but cracks appear to be showing household debt climbed to 1706 trillion up just 01 from the previous quarter this figure counts debts including mortgages creditcard bills car loans and student loans creditcard debt increased at the sharpest rate of all debt categories researchers noted meanwhile delinquency rates pushed higher the share of creditcard debt that was at least 30 past due increased to 72 up from 65 in the first quarter that’s the highest level since the first quarter of 2012 new york fed data shows for car loans the share of auto loans past due by at least 30 days climbed to 72 in the second quarter from 68 during the prior quarter that’s the highest since the first quarter of 2018 data shows “creditcard balances saw brisk growth in the second quarter and while delinquency rates have edged up they appear to have normalized to prepandemic levels” joelle scally regional economic principal at the new york fed’s household and public policy research division said in a statement there are signs of “some stabilization” on the amount of pastdue creditcard bills researchers said but the numbers still indicate that consumers are getting saddled with more debt just as debt loads are expected to increase in the fall starting in october federal studentloan payments will resume the biden administration says it will hold off on some of the harshest consequences for nonpayment through september 2024 such as putting unpaid loans in default or reporting delinquencies to creditreporting bureaus consumers paying down their federal student loans will have a combined 9 billion less to spend each month and 100 billion less during the year according to one estimate from torsten sløk chief economist and partner at apollo global management a day ahead of the latest numbers on household debt a separate survey showed more people carrying a creditcard balance nearly half 47 of surveyed card holders said they were carrying a monthly balance according to bankrate a personalfinance site that’s up from 46 in december 2022 and clearly higher than the 39 who said they were carrying a balance in december 2021

mcdonald’s corp mcd job cuts look to go company wide and will likely result in hundreds of layoffs and compensation reductions the wall street journal reported friday citing sources close to the matter earlier in the week the journal reported the fastfood giant was closing corporate offices to prep for the cuts with markets closed for good friday mcdonald’s shares finished the shortened week thursday up 12 while the dow jones industrial average djia gained 07 the sp 500 index spx slipped 01 and the techheavy nasdaq composite index comp shed 11 mcdonald’s currently employs about 150000 worldwide

titan co ltd 500114 shares inched up 082 to 290465 indian rupees wednesday on what proved to be an allaround favorable trading session for the stock market with the sp bse sensex index 1 rising 056 to 6314296 titan co ltd hit a new 52week high surpassing its previous peak of 289315 rupees which the company achieved on june 6 the stock outperformed some of its competitors wednesday as gitanjali gems ltd gitanjali remained unchanged trading volume 18086 remained 15401 below its 50day average volume of 33487 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cooper cos coo rose 177 to 37805 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 009 to 415487 and the dow jones industrial average djia falling 003 to 3397663 cooper cos closed 4322 short of its 52week high 42127 which the company achieved on april 21st the stock outperformed some of its competitors tuesday as johnson johnson jnj fell 281 to 16101 trading volume 224358 remained 77340 below its 50day average volume of 301698 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of marketaxess holdings inc mktx inched 077 higher to 25599 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 141 to 419912 and the dow jones industrial average djia rising 098 to 3329178 this was the stocks second consecutive day of gains marketaxess holdings inc closed 23180 below its 52week high 48779 which the company reached on august 27th the stock outperformed some of its competitors thursday as cme group inc cl a cme rose 012 to 19913 intercontinental exchange inc ice rose 008 to 10701 and nasdaq inc ndaq rose 052 to 18719 trading volume 316610 eclipsed its 50day average volume of 313143 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

federal reserve chairman jerome powell participated in a panel discussion on tuesday morning about the independence of central banks at an event hosted by the sveriges riksbank the central bank of sweden while powell did not specifically address the policy outlook for the us he emphasized the importance of autonomy for the federal reserve in making necessary decisions to address inflation the absence of direct political control over our decisions allows us to take these necessary measures without considering shortterm political factors powell said i believe that the benefits of independent monetary policy in the us context are well understood and broadly accepted powells comments came shortly after the recent change in majority in the us house of representatives with rep kevin mccarthy rcalif assuming leadership as speaker also participating in the panel discussion was andrew bailey governor of the bank of england and isabel schnabel a member of the european central bank powells remarks also followed statements by the presidents of the federal reserve banks of san francisco and atlanta mary daly and raphael bostic respectively who indicated they would be willing to adjust future rate increases to more traditional intervals of onequarter points to take into account the impact of past rate hikes additionally the recent jobs report showed slower wage growth and a decrease in hours worked for a second consecutive month further supporting the potential slowing of the feds pace of interest rate hikes investors will now await the feds next policy meeting jan 31feb1 where market data from the cme predicts a 782 chance of a 025 interest rate hike the fed will also consider data from the consumer price index cpi which will be released on thursday as it determines the next steps for interest rate policy read next i shouldnt ever use the word hurricane jamie dimon says storm clouds remain but the consumer is rolling with the thunder

johnson johnson announced plans on friday to split from its consumer health division spelling the end of the last great pharmaceutical conglomerate johnson johnson ticker jnj shares were up on the news which comes two months before a planned ceo transition in which longtime johnson johnson executive joaquin duato is slated to replace alex gorsky in the top post

mt bank corp mtb stock is up 04 on wednesday after the bank issued a secondquarter update that on the balance matched analyst forecasts by jpmorgan chase analysts “overall the intraquarter update was generally in line with many trends shared by regional bank peers such as solid loan growth modest deposit decreases and rising deposit betas” jpmorgan analysts said as they reiterated a neutral rating on the stock on the plus side mt bank’s quartertodate average loan and deposit trends were slightly better than forecast but the company guided to secondquarter fee income and expenses that were worse than

ann dennison executive vice president at nasdaq ndaq reported a large insider sell on july 25 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on tuesday showed that dennison sold 5100 shares of nasdaq the total transaction amounted to 255255 nasdaq shares are trading up 001 at 5108 at the time of this writing on wednesday morning now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however an insider transaction can be an important factor in the investing decision in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of nasdaqs insider trades this article was generated by benzingas automated content engine and reviewed by an editor

sumit sharma ceo at microvision mvis reported a large insider buy on march 15 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on wednesday showed that sharma purchased 100000 shares of microvision the total transaction amounted to 214000 microvision shares are trading up 096 at 22 at the time of this writing on wednesday morning now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however they can be an important factor for an investor to consider in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of microvisions insider trades this article was generated by benzingas automated content engine and reviewed by an editor

shares of firstenergy corp fe shed 063 to 4120 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 133 to 414622 and the dow jones industrial average djia rising 114 to 3402969 this was the stocks second consecutive day of losses firstenergy corp closed 765 below its 52week high 4885 which the company reached on april 21st

shares of saputo inc sap rose 318 to c3146 wednesday in what proved to be an otherwise allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 006 to 1820628 this was the stocks third consecutive day of gains saputo inc closed c365 short of its 52week high c3511 which the company achieved on september 12th trading volume of 443944 shares eclipsed its 50day average volume of 443401 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

amazoncom inc shares amzn were on track to stretch their winning streak to an eighth trading day thursday up 18 in the session if the stock ends in the black it would notch its longest winning streak since july 17 2018 when it increased for nine consecutive sessions according to dow jones market data amazon’s stock is ahead 99 over its current winning streak amazon’s rally comes during a quieter stretch for the consumer discretionary sector select etf xly which is up just 01 in thursday’s session and on track for its fifth session of gains over the past eight sessions the etf is up only 14 across the

shares of cboe global markets inc cboe rose 118 to 13760 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 067 to 443926 and the dow jones industrial average djia rising 093 to 3426142 this was the stocks second consecutive day of gains cboe global markets inc closed 322 short of its 52week high 14082 which the company achieved on may 12th the stock outperformed some of its competitors tuesday as cme group inc cl a cme rose 057 to 18233 and intercontinental exchange inc ice rose 110 to 11441 trading volume 482908 remained 144554 below its 50day average volume of 627462 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cgi inc cl a giba inched 078 higher to c9800 wednesday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 032 to 1961156 the stocks rise snapped a sixday losing streak cgi inc cl a closed c1888 below its 52week high c11688 which the company achieved on september 2nd trading volume of 384457 shares remained below its 50day average volume of 415418 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

home reit said tuesday that a report from independent forensic accountants has found that a number of key arrangements and information wasnt disclosed to the company by its investment adviser the realestate investment firm said a report from alvarez marsal disputes and investigationswhich was instructed in early january to conduct an investigation into allegations of wrongdoinghas been delivered and that it is still considering the conclusions and implications with its advisers the report found thatamong other issuesthe investment adviser didnt bring to the attention of the company some arrangements with corporate tenants and developers relating to the cost of refurbishment of properties failed to disclose alternative settlements of rent arrears had limited ongoing monitoring of tenants after performing initial due diligence and provided inaccurate information to consulting firm the good company other matters considered by the investigator included potential allegations made to third parties by the investment adviser about home reits affairs and the existence of potential undisclosed outside business interests and undeclared conflicts of interest the board may decide to investigate some or all of these additional matters further particularly if new information comes to light the company said home reit previously said it received a report on feb 15 on rent collection and the operational performance of its portfolio following a detailed review by specialists the report highlighted a serious deterioration in rent collections for the quarter to november 2022 and serious challenges in rent collection for december and january the company said with only 23 of the november quarter rent collected rent collection forecasts are also highly uncertain it said at the time in february home reit also said it was considering a sale of the company and that it had received an unsolicited approach from bluestar group shares in the company are temporarily suspended as its auditor bdo llp completes an enhanced set of procedures delaying the publication of its fiscal 2022 results

in step with other global markets stocks in toronto were firmly lower tuesday in midday trading most sectors were pushing down the indexes with materials process industries and energy the main laggards of the session meanwhile only commercial services producer manufacturing and tech stocks were posting gains at midday canadas sptsx composite index was lower by 071 to 2048053 and the bluechip sptsx 60 declined by 071 to 122837 pipestone energy shares were 11 lower at 242 canadian dollars 183 after the company said it will be bought by private oil and gas producer strathcona resources in a deal worth an enterprise value of c115 billion setting it up to be the fifth largest oil producer in canada neighbourly pharmacy shares were 45 higher at c1674 after reporting betterthanexpected revenue and adjusted earnings in its first fiscal quarter loop energys shares jumped 88 to c062 after the hydrogen fuel cell manufacturer distributor in south korea secured a supply contract for a hydrogen electric bus project

dupont de nemours inc on tuesday said its board raised the quarterly dividend by 10 to 33 cents a share from 30 cents and approved a new 1 billion sharerepurchase program the new quarterly payout equal to 132 a year represents an annual yield of about 175 based on mondays closing price of 7537 up from 159 the wilmington del conglomerate said the increased dividend is payable march 15 to shareholders of record feb 28 dupont which has about 518 million shares outstanding and sports a market capitalization of roughly 394 billion said the new buyback authorization enables it to repurchase shares following the expected completion of the remaining 375 million in repurchases under its current buyback program in first quarter

shares of aes corp aes inched 096 higher to 2517 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 047 to 456648 and the dow jones industrial average djia rising 018 to 3574115 this was the stocks second consecutive day of gains aes corp closed 390 short of its 52week high 2907 which the company achieved on february 16th the stock outperformed some of its competitors monday as dominion energy inc d fell 102 to 7650 duke energy corp duk fell 091 to 10284 and american electric power co inc aep fell 106 to 8467 trading volume 38 m remained 12 million below its 50day average volume of 50 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of fifth third bancorp fitb inched 071 higher to 3384 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 106 to 382533 and the dow jones industrial average djia rising 105 to 3109726 the stocks rise snapped a fourday losing streak fifth third bancorp closed 1680 short of its 52week high 5064 which the company achieved on january 18th the stock underperformed when compared to some of its competitors friday as bank of america corp bac rose 138 to 3156 wells fargo co wfc rose 191 to 3992 and pnc financial services group inc pnc rose 224 to 16130 trading volume 48 m remained 702794 below its 50day average volume of 55 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

dutch bros inc stock plunged nearly 34 in thursday premarket trading after inflationary pricing particularly a spike in dairy costs drove a downward revision of the coffee chain’s fullyear outlook “we anticipated higher expenditures however we did not perceive the speed and magnitude of cost escalation within the quarter” said joth ricci chief executive of dutch bros on the call according to factset “dairy for example which makes up 28 of our commodity basket rose almost 25 in q1 while costs rose throughout the quarter we experienced a change in sales trajectory from midmarch onward as macroeconomic headwinds accelerated and comps turned negative” among those headwinds were higher gas prices see starbucks adds chocolate cream cold brew to the summer menu and starbucks plans to invest roughly 200 million to tackle increased demand for customized cold beverage orders dutch bros bros like so many other companies raised prices to manage inflation but ricci says the increases were “less than half as much as many of our peers” the company reported latewednesday a widerthanexpected loss for the quarter though revenue beat expectations samestore sales grew 6 it now expects “at least 90 million” in adjusted earnings before interest taxes depreciation and amortization ebitda for the year down from a target range of 115 million to 120 million previously and for the second quarter the company is guiding for flattoslightly negative samestore sales the factset consensus is for a 11 increase despite the results jpmorgan said “buy the reset” “dutch bros completed their ipo on sept 14 2021 priced at 23 per share approximately 60 of trading days since that time the shares traded above 50” analysts say “the 16 decline in shares the day earnings were released after market and 37 decline in after hours trading is a major reset in the company’s valuation” jpmorgan rates dutch bros stock overweight and cut its price target to 36 from 58 dutch bros shares have lost 325 for the year to date through wednesday while the sp 500 index spx has declined 174

shares of moderna inc mrna rose 133 to 12643 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 001 to 3522769 and the nasdaq composite index comp falling 022 to 1403281 moderna inc closed 9082 below its 52week high 21725 which the company achieved on december 14th the stock demonstrated a mixed performance when compared to some of its competitors friday as johnson johnson jnj rose 107 to 17019 and pfizer inc pfe rose 171 to 3740 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

sosandar said tuesday that trading in fiscal 2024 to date was in line with market expectations and revenue rose in the first quarter the uk online womens fashion brand said revenue in the quarter ended june 30 increased to 114 million pounds 147 million a 10 rise on a tough prioryear comparative and driven by a strong performance on both sosandars own site and through thirdparty partners the company said trading so far this fiscal year has been in line with fullyear market expectations of a pretax profit of gbp28 million and revenue of gbp570 million growth has been driven in particular by summer occasion wear and beach and swim ranges it said whilst we are trading well and have not had any material disruption to date we remain vigilant to the external challenges including inflationary pressures on consumer spending and believe our agile approach and understanding of our customers positions us well cochief executive officers ali hall and julie lavington said for fiscal 2023 ended march 31 sosandar confirmed it swung to a pretax profit of gbp16 million from a loss of gbp554000 in fiscal 2022 revenue came in at gbp4245 million a 44 rise from gbp295 million the strong performance in fiscal 2023 was driven by a record third quarter and a 22 increase in fullyear orders to 620977 and average order value up 8 to gbp9727

shares of mosaic co mos slid 381 to 3608 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 082 to 464671 and dow jones industrial average djia falling 066 to 3607994 this was the stocks second consecutive day of losses mosaic co closed 716 below its 52week high 4324 which the company achieved on october 20th the stock underperformed when compared to some of its competitors wednesday as intrepid potash inc ipi fell 375

the jm smucker co sjm posted strongerthanexpected earnings for its sical third quarter on tuesday but lowered guidance to reflect continued supply chain issues and inflationary pressure orrville ohiobased smucker posted net income of 697 million or 64 cents a share for the quarter to jan 31 down 73 from 2615 million or 232 a share in the yearearlier period the decline was mostly due to a noncash intangible asset impairment charge in the us retail pet foods segment adjusted pershare earnings came to 233 above the 209 factset consensus sales fell 1 to 2057 billion from 2077 billion a year ago also above the 2043 billion factset consensus smuckers brands include folgers coffee café bustelo jif and milkbone looking ahead we are navigating a dynamic environment led by cost inflation and supply chain disruptions chief executive mark smucker said in a statement we expect these pressures to continue in the fourth quarter the company is now expecting fiscal 2022 sales to be down 15 to down 05 compared with previous guidance for down 1 to flat it expects adjusted eps of 835 to 865 compared with prior guidance of 835 to 875 the factset consensus is for eps of 900 shares fell immediately after the numbers were released before recouping their losses they have gained 20 in the last 12 months while the sp 500 spx has gained 12

shares of bank of america corp bac sank 059 to 2854 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 020 to 427379 and dow jones industrial average djia falling 059 to 3356286 bank of america corp closed 1006 below its 52week high 3860 which the company reached on november 11th despite its losses the stock outperformed some of its competitors monday as jpmorgan chase co jpm fell 098 to 13909 and wells fargo co wfc fell 192 to 4045 trading volume 346 m remained 205 million below its 50day average volume of 551 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

major us stock indexes finished sharply lower friday after a may reading of inflation showed no signs of a slowdown in high costs of living the dow jones industrial average djia tumbled about 881 points or 27 to end near 31392 while also booking a 46 weekly skid that marked the worst daily percentage drop for the bluechip index since its 36 tumble on may 18 according to factset data the sp 500 index spx shed 29 and the nasdaq composite index com closed 35 lower a surprisingly hot reading of the consumerprice index in may showed annualized us inflation increased to 86 topping the 40year high of 85 seen in march investors have been jittery about what high inflation means for the federal reserves plan to significantly hike interest rates this year some on wall street now expect to see an even more aggressive pace to higher rates this summer for the week the sp 500 closed down 51 and the nasdaq booked a 56 fall according to factset

the logo of personnel service provider randstad is seen at an office building in zurich switzerland october 2 2018 reutersarnd wiegmannfile photo july 26 reuters dutch recruitment firm randstad randas reported an 18 jump in secondquarter core profit on tuesday broadly in line with analysts expectations as companies continued to compete for workers the groups underlying earnings before interest taxes and amortisation ebita reached 308 million euros 31487 million in the three months to the end of june up from 260 million euros a year earlier a companycompiled poll of 12 analysts had forecast a quarterly underlying ebita of 309 million euros on average reporting by valentine baldassari and charlotte lavin in gdansk editing by milla nissi

shares of rightmove plc rmv inched up 004 to £550 tuesday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 017 to 769180 rightmove plc closed £119 short of its 52week high £669 which the company achieved on august 5 trading volume 954349 remained 23 million below its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of gap inc gps slipped 713 to 1653 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 190 to 456700 and dow jones industrial average djia falling 186 to 3448372 gap inc closed 2110 short of its 52week high 3763 which the company reached on may 18th the stock underperformed when compared to some of its competitors tuesday as hm hennes mauritz ab adr hnnmy fell 102 to 350 urban outfitters inc urbn fell 267 to 3167 and american eagle outfitters inc aeo fell 386 to 2589 trading volume 205 m eclipsed its 50day average volume of 91 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of newell brands inc nwl inched 043 higher to 1395 monday on what proved to be an allaround great 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 newell brands inc closed 1250 short of its 52week high 2645 which the company reached on february 16th the stock demonstrated a mixed performance when compared to some of its competitors monday as clorox co clx rose 108 to 12978 tupperware brands corp tup fell 153 to 645 and helen of troy ltd hele rose 286 to 9920 trading volume 55 m eclipsed its 50day average volume of 31 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

cigna groups ci short percent of float has fallen 1524 since its last report the company recently reported that it has 262 million shares sold short which is 089 of all regular shares that are available for trading based on its trading volume it would take traders 181 days to cover their short positions on average short interest is the number of shares that have been sold short but have not yet been covered or closed out short selling is when a trader sells shares of a company they do not own with the hope that the price will fall traders make money from short selling if the price of the stock falls and they lose if it rises short interest is important to track because it can act as an indicator of market sentiment towards a particular stock an increase in short interest can signal that investors have become more bearish while a decrease in short interest can signal they have become more bullish see also list of the most shorted stocks as you can see from the chart above the percentage of shares that are sold short for cigna group has declined since its last report this does not mean that the stock is going to rise in the nearterm but traders should be aware that less shares are being shorted peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing a companys peer is another company that has similar characteristics to it such as industry size age and financial structure you can find a companys peer group by reading its 10k proxy filing or by doing your own similarity analysis according to benzinga pro cigna groups peer group average for short interest as a percentage of float is 803 which means the company has less short interest than most of its peers did you know that increasing short interest can actually be bullish for a stock this post by benzinga money explains how you can profit from it this article was generated by benzingas automated content engine and was reviewed by an editor

a fresh cash infusion from the sale of loans by hardhit bank stock pacwest bancorp lifted the financial sector on monday pacwest bancorp pacw led gains among bank stocks with a rise of 7 as it said it had generated about 2 billion in cash after ares management corp ares closed its acquisition of a loan portfolio truist analyst brandon king said the deal is a positive sign for bank stocks overall “we think other banks facing liquidity and capital issues may be more inclined to pursue loan sales given the appetite from nonbank lenders at nonhaircuts” king said in a research note pacwest stock is up 44 while the kbw nasdaq bank index bkx is ahead by 06 the spdr sp bank exchangetraded fund kbe is up by 12 the financial select spdr etf xlf is down 02 as some larger bank stocks moved down and the spdr sp regional banking etf kre is up by 15 among other bank names comerica inc cma is up 16 east west bancorp inc ewbc and first horizon corp fhn are both up 18 and zions bancorp zion is up 17 metropolitan bank holding corp mcb is up by 44 prosperity bancshares inc pb is up by 15 citizens financial group inc cfg is ahead by 08 and western alliance bancorp wal is up by 35 most of the gains in banking were in regional banks as the megabank stocks were mixed goldman sachs group inc gs and wells fargo co wfc both dropped about 02 while bank of america corp bac rose 09 and jpmorgan chase co jpm retreated by 07 while many regionalbank stocks are getting a lift wall street is also waiting to see the results of the federal reserve’s bank stress tests on wednesday also read fed official eyes ‘reverse stress tests’ for banks as results awaited after 2023 bank failures

shares of alliant energy corp lnt rallied 156 to 5397 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 039 to 3382669 and the sp 500 index spx falling 028 to 407909 alliant energy corp closed 1140 short of its 52week high 6537 which the company achieved on april 11th the stock outperformed some of its competitors friday as duke energy corp duk rose 122 to 9949 exelon corp exc rose 132 to 4305 and sempra sre rose 065 to 15849 trading volume 11 m remained 173209 below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of target corp tgt shed 111 to 16512 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 042 to 412247 and dow jones industrial average djia falling 018 to 3277441 target corp closed 10386 short of its 52week high 26898 which the company reached on november 15th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as walmart inc wmt rose 099 to 12887 costco wholesale corp cost fell 112 to 53582 and dollar general corp dg fell 052 to 25396 trading volume 26 m remained 24 million below its 50day average volume of 50 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of avery dennison corp avy slumped 030 to 20625 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 097 to 453276 and dow jones industrial average djia falling 096 to 3502865 this was the stocks fourth consecutive day of losses avery dennison corp closed 2299 below its 52week high 22924 which the company achieved on november 8th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as 3m co mmm rose 011 to 17848 huntsman corp hun fell 137 to 3749 and intertape polymer group inc itpof rose 029 to 2048 trading volume 335068 remained 43145 below its 50day average volume of 378213 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of ulta beauty inc ulta shed 228 to 41347 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 208 to 374857 and dow jones industrial average djia falling 195 to 3251394 the stocks fall snapped a fourday winning streak ulta beauty inc closed 3783 short of its 52week high 45130 which the company reached on september 12th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as cvs health corp cvs fell 206 to 9956 walgreens boots alliance inc wba fell 366 to 3689 and amazoncom inc amzn fell 427 to 8614 trading volume 596450 remained 211311 below its 50day average volume of 807761 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of oneok inc oke slid 042 to 6438 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 089 to 395725 and dow jones industrial average djia falling 063 to 3353670 the stocks fall snapped a twoday winning streak oneok inc closed 1069 short of its 52week high 7507 which the company reached on april 21st the stock underperformed when compared to some of its competitors monday as sempra sre rose 062 to 15561 atmos energy corp ato fell 014 to 11053 and ugi corp ugi rose 008 to 3732 trading volume 24 m remained 257585 below its 50day average volume of 27 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

bogota sept 23 reuters analysts are split between those who expect colombias central bank to moderately raise its benchmark interest rate next week and others who foresee a hike in line with previous moves amid fresh inflationary growth a reuters poll revealed on friday eight of the 17 analysts polled forecast the central bank will raise the benchmark interest rate by 100 basis points taking it to 10 while another eight expect a hike of 150 basis points as in previous meetings which would take the rate to 1050 one analyst found themselves in the middle betting on a raise of 125 basis points which would leave the benchmark rate at 1025 raising the rate by 100 basis points would take it to its highest level since july 2008 increasing it by 150 basis points would see it at the highest since july 2001 according to figures from the central bank inflation in july and august continued to surprise to the upside by a wide margin especially in august and suggests that the banks recent forecasts for the coming quarters will have to be substantially revised upwards said andres pardo xp investments chief macro strategist for latin america movements in colombias interest rate are aligned with monetary policy in the united states and europe amid dynamic local consumption and depreciation of the colombian peso which has fallen 10 in 2022 helping to push 12month inflation to 1084 in august colombias inflation is at its highest level since april 1999 and more than triple the central banks 3 target the monetary policy authority has raised its benchmark interest rate by 725 basis points to 9 since september last year the median forecast from the poll sees the rate closing the year at 11 before the bank board gradually cuts it to 825 in 2023 reporting by nelson bocanegra writing by oliver griffin editing by andrea ricci and diane craft

all prices as of 1832 gmt global data showing a vibrant us jobs market strengthened the dollar and spurred commodity prices higher but the war in ukraine overshadowed the blowout report as the euro plunged on the worsening outlook for slower european economic growth mscis gauge of stocks across the globe miwd00000pus closed down 165 new york wall street ended lower on friday as the war in ukraine overshadowed an acceleration in us jobs growth last month that pointed to strength in the economy the dow jones industrial average dji fell 053 to end at 336148 points while the sp 500 spx lost 079 to 432887 london european stocks sank to near oneyear lows on friday as auto and bank stocks took a battering on reports of a nuclear power plant on fire amid fierce fighting between ukraine and russian troops the paneuropean stoxx 600 index stoxx fell 36 it lost 7 this week its worst such fall since the pandemicfuelled selloff in march 2020 tokyo japans nikkei index sank the most in almost two weeks on friday as the war in ukraine intensified but the benchmark escaped its lowest close in 15 months as the market stabilized in the afternoon session the nikkei share average n225 ended the day 223 lower at 2598547 after dipping as much as 3 in the morning to touch 2577428 for the first time since november 2020 of the nikkeis 225 components 198 stocks fell shanghai china stocks fell on friday weighed down by worries over the worsening ukraine crisis and the domestic property market while investors nervously awaited clues on policy easing steps from the upcoming congress meeting the bluechip csi300 index csi300 fell 12 to 449643 points while the shanghai composite index ssec lost 1 to 344765 australia australia shares closed the week 16 firmer underpinned by mining and energy stocks as supply disruption fears spurred by the ukrainerussia crisis sent commodity prices sharply higher the spasx 200 index axjo closed 06 lower at 71108 on friday after an attack by russian forces on a ukrainian nuclear plant kept investors on edge the local bourse slumped almost 18 before recouping some of the losses towards market close seoul south korean shares closed lower on friday posting their worst day in a week on concerns around the news of a nuclear power plant fire the benchmark kospi ks11 closed down 3365 points or 122 at 271343 after hitting a threeweek closing high on thursday new york the euro fell against major currencies and the us dollar rallied on friday as worries increased over the impact of the escalating ukrainerussia conflict especially on europes growth outlook investors flocked to the us dollar and other safehaven currencies the us dollar index initially pared gains but then rallied further following data friday that showed us job growth surged in february the index also rose 2 on the week the largest weekly percentage gain since april 2020 shanghai chinas yuan edged up against the dollar friday continuing a slow march higher as tensions over the ukraine crisis support safehaven bids for the currency but moves were kept in check ahead of an annual parliamentary meeting spot yuan opened at 63201 per dollar and was changing hands at 63199 at midday just nine pips firmer than the previous late session close the offshore yuan was trading at 63225 per dollar firming from a close of 63232 on thursday australia the australian dollar hit fourmonth highs on friday as massive gains in commodity prices promised to shower the country in cash while investors seeking distance from europes woes drove the euro to its lowest on the aussie in four years a weeklong rally lifted the aussie to 07330 having finally cracked the january peak of 07314 overnight to reach ground last trod in midnovember seoul the korean won weakened on friday to the lowest since june 2020 while the benchmark bond yield rose the won ended at 12142 per dollar on the onshore settlement platform the lowest close since june 22 2020 and down 079 new york us treasury yields fell on friday after data showed that wage growth stalled in february while the yield curve reached its flattest level in two years as concerns about the war in ukraine led investors to seek out longerdated lowrisk debt twoyear yields fell four basis points on the day to 1492 benchmark 10year yields fell 12 basis points to 1724 london german 10year nominal yields are about to set their biggest weekly fall since 2011 after the war in ukraine pushed investors to rush into safehaven assets and scale back their bets on rate hikes from the european central bank germany’s 10year government bond yield the benchmark of the bloc fell 125 basis points bps to 0108 its lowest since endjanuary recording its biggest weekly fall since november 2011 down 32 bps tokyo japanese government bond yields slid on friday as investors scurried to the safety of debt in light of the escalating russiaukraine conflict the 10year jgb yield fell 15 basis points to 0150 as of 0500 gmt after a fire broke out at the site of europes largest nuclear power plant during intense fighting between russian and ukrainian forces benchmark 10year jgb futures rose 008 point to 15089 with a trading volume of 28092 lots gold palladium prices on friday rose above 3000 per ounce for the first time since may 2021 as concerns over supply shortages from top producer russia mounted and the war in ukraine bolstered demand for safehaven gold spot palladium jumped as much as 84 to 300874 per ounce in the session and was up 76 at 298554 by 0230 pm et 1930 gmt spot gold prices jumped 16 to 196597 per ounce and were up about 4 for the week so far us gold futures settled 16 higher at 196660 iron ore benchmark iron ore futures in china surged on friday clocking their biggest weekly gain in more than two years at nearly 20 on supply disruption fears over the russiaukraine conflict the mosttraded iron ore futures on the dalian commodity exchange for may delivery extended gains into the fifth straight session and ended up 28 at 813 yuan 12865 per tonne they were rose as much as 57 to 836 yuan earlier in the session base metals industrial metals rose on friday with aluminium headed for a record weekly gain and nickel set for its biggest rise since 2009 on worries over supply from russia benchmark aluminium on the london metal exchange lme was up 31 at 3832 a tonne at 1726 gmt after reaching a record high of 3867 it was up around 14 this week oil oil prices are set to surge further this week due to delays to the conclusion of iranian nuclear talks and the potential return of iranian crude to global markets which are already suffering from russian supply disruptions analysts said last week the brent benchmark rose 21 to close at 11811 a barrel and us crude gained 26 to close at 11568 levels not seen 2013 and 2008 respectively as russia struggled to sell oil amid fresh sanctions palm oil malaysian palm oil futures sank nearly 8 on friday as redhot prices triggered profittaking but the market was still up for a second straight week with surveys showing a plunge in endfebruary inventories the benchmark palm oil contract for may delivery on the bursa malaysia derivatives exchange fell 534 ringgit or 784 to 6274 ringgit 150239 a tonne its worst daily decline since midjune last year rubber japanese rubber futures fell on friday and posted their first weekly drop in five amid an escalating ukraine crisis the osaka exchange rubber contract for august delivery fell 48 yen or 18 to 2552 yen 221 per kg the benchmark lost 23 for the week

ayr wellness inc ayrwf ayra on wednesday named exneiman marcus executive david goubert as its new president to oversee the cannabis company’s operational and commercial functions including production supply chain retail wholesale and marketing he reports to ayr wellness founder and ceo jonathan sandelman goubert was most recently president and chief customer officer at neiman marcus cochief operating officer jason griffith will transition out of the company while cochief operating officer jennifer drake will serve as ayr’s sole coo shares of ayr wellness are down 78 in 2022 compared to a loss of 606 by the advisorshares pure us cannabis etf msos

diploma plc said monday that fiscal 2022 pretax rose on an increase in organic revenue driven by initiatives demand and pricing and that fiscal 2023 has begun well consistent with its guidance the uk supplier of specialized technical products and services said that for the year ended sept 30 pretax profit was 1295 million pounds 1539 million compared with gbp966 million for fiscal 2021 revenue rose to gbp101 billion from gbp7874 million the year prior highquality acquisitions and a 5 foreign exchange benefit contributed to revenue growth the company said diploma said it has an encouraging acquisition pipeline and is maintaining financial discipline given the uncertainties seen in the wider market for fiscal 2023 the board expects midsingle digit organic revenue growth that is likely to be weighted to the first half and an operating margin in the 18 to 19 range while the economic environment is uncertain our business model is resilient our strategy is working and our performance momentum is encouraging we remain confident in the groups outlook and longterm prospects chief executive johnny thomson said

in a wobbly stock market phil camporeale a portfolio manager at jpmorgan chase co is betting the us will avoid a recession rising interest rates are the “number one culprit this year for the volatility and the chaos” seen in the market said camporeale a portfolio manager for jp morgan asset management’s global allocation strategy in a phone interview the federal reserve is “being extremely aggressive with multiple 50basispoint hikes” he said referring to the fed’s halfpoint rate hike earlier this month and expectations for additional increases of that size as it aims to cool the economy in an effort to tame high inflation while investors worry that the fed’s monetary tightening risks tipping the us into a recession camporeale said he’s betting that won’t happen in the next 12 months as part of that view he has a “neutral” allocation to equities that includes bets on value and “profitable” growth stocks “we don’t want to be underweight equities in this environment” said camporeale meanwhile rising rates have hurt stockmarket valuations particularly shares of highgrowth companies in areas such as technology that are valued on earnings projected far out into the future “profitless tech” stocks are “the most vulnerable in a world where money isn’t free anymore” said camporeale the techheavy nasdaq composite index comp has plunged 273 this year while the sp 500 spx has dropped 175 and the dow jones industrial average djia has fallen 127 according to factset data the stock benchmarks ended mixed thursday with the dow dipping 03 the sp 500 shedding 01 and the nasdaq edging up about 01 read the sp 500 is on the brink of a bear market here’s the threshold while rates have been climbing in 2022 in anticipation of the fed’s tightening most of the move higher is probably “behind us” according to camporeale the yield on the 10year treasury note tmubmusd10y has about doubled this year to more than 3 but has slipped back below that level the 10year yield fell 95 basis points on thursday to 2815 according to dow jones market data that compares with a yield of about 15 at the end of 2021 as part of his current bet that the us will avoid a recession camporeale said that he has exposure to both highyield and investmentgrade corporate bonds as company balance sheets are strong but within highyield debt or socalled junk bonds his bias is toward higherquality borrowers he said camporeale said he’s positioned for an easing of inflation over the next couple of quarters as well as a slowdown in growth that stops short of an economic contraction over the next 12 months he expects that inflation will remain above the fed’s target but should come down to a level where the central bank will be “much less aggressive tightening in 2023” read investors haven’t begun to price in recession here’s how far the sp 500 could fall meanwhile the fed’s tightening plans include a reduction of its balance sheet at a faster pace than in the last cycle said camporeale “that’s obviously going to come fraught with volatility and uncertainty which is the reason why we’re not pounding our fist saying ‘be overweight equities’” to protect against the downside should camporeale’s base case prove wrong he said that his hedges include sp 500 “puts” which make money when the index falls as well as a short position on smallcap stocks the russell 2000 index rut which consists of smallcap companies in the us has tumbled 225 so far this year according to factset data

shares of invesco mortgage capital inc ivr slid 120 to 165 tuesday on what proved to be an allaround mixed trading session for the stock market with the nasdaq composite index comp rising 098 to 1173767 and the dow jones industrial average djia falling 026 to 3216074 this was the stocks second consecutive day of losses invesco mortgage capital inc closed 295 below its 52week high 460 which the company achieved on june 10th the stock underperformed when compared to some of its competitors tuesday as annaly capital management inc nly rose 046 to 662 agnc investment corp agnc fell 024 to 1223 and starwood property trust inc stwd rose 013 to 2270 trading volume 52 m remained 110558 below its 50day average volume of 53 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of viacomcbs inc cl b viac inched 082 higher to 4162 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 034 to 452003 and dow jones industrial average djia falling 076 to 3510000 viacomcbs inc cl b closed 6035 below its 52week high 10197 which the company achieved on march 15th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as walt disney co dis rose 185 to 18434 netflix inc nflx rose 274 to 60671 and comcast corp cl a cmcsa fell 230 to 6030 trading volume 93 m remained 26 million below its 50day average volume of 118 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of omnicom group inc omc rallied 226 to 9132 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 145 to 428237 and the dow jones industrial average djia rising 212 to 3376276 this was the stocks second consecutive day of gains omnicom group inc closed 546 below its 52week high 9678 which the company achieved on april 18th the stock outperformed some of its competitors friday as trade desk inc cl a ttd rose 134 to 7424 and gartner inc it rose 140 to 34501 trading volume 14 m remained 353695 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

today only for only 7 you can get 2 winning options trade alerts every month click here to see trade ideas riskfree with a 14 day refund guarantee hanover insurance gr thg reported its q4 earnings results on wednesday february 2 2022 at 0400 pm heres what investors need to know about the announcement thousands of new traders are learning the ins and outs on how to find profitable trades every day with benzinga trading school click here now to start your free trial no credit card required also check out insiders buying pixelworks and 4 other penny stocks hanover insurance gr beat estimated earnings by 3796 reporting an eps of 338 versus an estimate of 245 which surprised analysts revenue was up 10300 million from the same period last year last quarter the company missed on eps by 007 which was followed by a 151 drop in the share price the next day to track all upcoming earnings announcements click to use benzinga earnings calendar this article was generated by benzingas automated content engine and reviewed by an editor

shares of dow inc dow shed 522 to 5250 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 158 to 407163 and dow jones industrial average djia falling 102 to 3353083 dow inc closed 1828 below its 52week high 7078 which the company achieved on may 4th

shares new york community bancorp inc jumped more than 10 in premarket trading after the companys flagstar bank na unit acquired a large chunk of the failed signature bank the hicksville ny bank holding company said flagstar acquired about 38 billion in assets including roughly 25 billion in cash and around 13 billion in loans purchased at a 27 billion discount from signature bridge bank na which was created by the federal deposit insurance corp to take over the operations of signature bank flagstar also assumed about 36 billion in liabilities including 34 billion in deposits and is taking over all of signatures branches including 30 in the new york city metro area new york community said it expects the deal to add significantly to pershare earnings adding that it plans to use its significant liquidity position to pay down a substantial amount of its wholesale borrowings further bolstering its balance sheet new york community shares which closed friday at 654 were recently up nearly 11 to 724 in premarket trading

shares of loews corp l slipped 154 to 5226 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 170 to 435773 and dow jones industrial average djia falling 178 to 3397047 this was the stocks third consecutive day of losses loews corp closed 713 below its 52week high 5939 which the company reached on may 10th the stock demonstrated a mixed performance when compared to some of its competitors monday as chubb ltd cb fell 147 to 17789 progressive corp pgr fell 043 to 9221 and travelers cos inc trv fell 232 to 15266 trading volume 13 m eclipsed its 50day average volume of 893582 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

jpmorgan chase co jpm chief executive jamie dimon says proposed capital requirements for banks would make smallbusiness loans more expensive and make it harder for people with lower credit scores to get mortgages also the economic issues cited in a closelywatched downgrade of us debt by fitch ratings have already been widely seen by investors and reflected in financial markets he said wednesday in an interview with cnbc also read fitch cuts us credit rating here’s what you need to know dimon remains more worried about geopolitical uncertainty around the war in ukraine as well as efforts by the us federal reserve to fight inflation by hiking interest rates and reducing its balance sheet in a policy known as quantitative tightening dimon told cnbc it’s “ridiculous” that the us has a lower debt rating than countries such as canada that benefit from the us’s military umbrella “this is the most prosperous nation on the planet…with the best military the best economy” dimon said “it should be the highestrated credit in the world” the downgrade from fitch ratings “doesn’t really matter than much” because the markets decide the value of us debt and other securities not the ratings agencies he said the debt ceiling should be abolished because it’s used as a political tool by both parties and eliminating it would create more stability in the economy dimon said dimon held up a chart to the tv camera showing the myriad interlocking federal agencies that enforce hundreds of rules on banks and said the us consumer would probably be better off if banks faced fewer requirements “there’s a lack of transparency of rules made by lot of people in ivory towers” he said “they’ve never been in the real world i’d like to see them in the boxing ring” dimon cited a 1992 letter to the wall street journal by onetime presidential candidate and us sen george mcgovern entitled “a politician’s dream is a businessman’s nightmare” on the realities of running a small inn dimon’s comments came after the federal reserve and the fdic proposed higher capital requirements for banks regulators need to spend more time “recalibrating” rules to make them less burdensome instead of issuing new regulations he said dimon reiterated recent comments about the health of the us economy and said us consumers continue to spend he supports a doubling of the earned incometax credit as a way to help low and moderateincome families asked if he would care to shape public policy dimon said “no” but added that banks and other businesses should promote measures to help the economy jpmorgan chase and other companies have to be prepared for multiple outcomes in the economy including higher inflation or the 10year treasury note ty00 reaching a 5 yield he said adding he has “enormous respect” for fed chair jerome powell dimon praised the recent acquisition of pacwest bancorp pacw by banc of california banc and said the regionalbank crisis is over jpmorgan chase could pay more than 2 billion to the fdic to replenish its insurance fund after the collapse of silicon valley bank bank of america corp bac and wells fargo co wfc have said they will pay a combined 37 billion he said while further consolidation between banks is possible in the sector jpmorgan chase has no immediate plans to buy another bank as it absorbs its acquisition of first republic bank as announced on may 1 he said the interview marked dimon’s return to the bully pulpit after the bank’s secondquarter profit beat expectations on july 14 when he said the us consumer remains in “good shape” dimon also told the economist on july 11 that he didn’t agree with all of the biden administration’s economic policies also read jamie dimon says us consumers are in ‘good shape’ evidence says he’s wrong hedgefund manager bill ackman last month repeated his call for dimon to run for president but so far dimon has said he has no plans to do do also read jpmorgan ceo jamie dimon sees ‘a lot of underlying inflation’ rates at 6 in a recession

shares of northern trust corp ntrs shed 166 to 7359 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 093 to 433893 and the dow jones industrial average djia rising 056 to 3406633 northern trust corp closed 3098 short of its 52week high 10457 which the company reached on august 16th the stock underperformed when compared to some of its competitors monday as morgan stanley ms rose 143 to 8744 blackrock inc blk fell 030 to 68238 and goldman sachs group inc gs rose 103 to 33949 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

tanger factory outlet centers inc skt said monday that it was raising its annual dividend by 96 to 80 cents per share from 73 cents per share the company declared a quarterly dividend of 20 cents per share payable on may 13 2022 to shareholders of record as of april 29 2022 tanger stock has slumped 116 for the year to date

shares of brownforman corp cl b bfb inched 012 higher to 6645 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 158 to 447107 and the dow jones industrial average djia rising 122 to 3498884 the stocks rise snapped a threeday losing streak brownforman corp cl b closed 1512 below its 52week high 8157 which the company achieved on june 4th the stock underperformed when compared to some of its competitors tuesday as diageo plc adr deo rose 079 to 20000 trading volume 953392 remained 114313 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

the stock market opened higher on wednesday but pared back gains after the federal reserve raised interest rates by 75 basis points—the largest increase in 28 years as investors continue to worry about surging inflation and rising recession risks stocks were slightly higher on wednesday after five losing sessions in a row the dow jones industrial average rose 02 nearly 100 points while the sp 500 gained 05 and the techheavy nasdaq composite 12 the market gave up most of its gains in the afternoon however after the federal reserve announced it would raise interest rates by 75 basis points the biggest increase since 1994 investors had been betting on a 75basispoint increase rather than the previously expected 50basispoint hike after a muchhotterthanexpected inflation report last week showed consumer prices jumping 86 in may compared to a year ago the last time the federal reserve raised interest rates by 75 basis points was under the leadership of alan greenspan in november 1994 when the central bank orchestrated a soft landing and avoided a recession despite hiking rates seven times in 13 months investors will be watching closely for any new hints on the path for monetary policy going forward when fed chair jerome powell gives a press conference at 200 pm edt rates on government bonds moderated somewhat on wednesday after surging higher earlier in the week with the 2year and 10year treasury yields recently hitting their highest levels since 2007 and 2011 respectively “don’t be fooled by this wed morning rally—the overall attitude is still very gloomy and most people look at a recession and further equity downside as being inevitable” says vital knowledge founder adam crisafulli “the one area of anxiety concerns bear market rallies and there is a worry that one may happen at some point this week around the fed most people think any such rally will be ephemeral but violent” what to watch for “while markets now expect a 75basispoint rate hike by the fed the press conference following the release of the statement this afternoon will help analysts assess the fed’s ability to navigate chairman powell’s socalled softish landing as it takes a more aggressive approach in stanching inflation” says quincy krosby chief equity strategist for lpl financial the price of bitcoin meanwhile fell to around 21000 as the cryptocurrency market continues to be hardhit by a massive selloff this week as several firms halted exchanges or announced layoffs in what experts are calling a “crypto winter” the benchmark sp 500 fell deeper into bear market territory on tuesday now sitting roughly 22 below its record highs in january all three major averages are coming off the back of their worst down week since january falling by roughly 5 or more after last week’s redhot inflation report led to a spike in recession fears here’s how markets reacted last time the fed hiked rates by 75 basis points forbes stock market ‘carnage’ set to worsen as fed rate decision looms—here’s how bad it could get forbes here’s what the crypto ‘bloodbath’ means for the stock market it’s not good forbes

shopify stock is taking a considerable hit thursday amid disappointment with the ecommercesoftware company’s outlook for the first quarter investors are choosing to ignore betterthanexpected fourthquarter results from shopify ticker shop and instead zeroing in on shopify’s conservative approach to guidance for the first quarter it isn’t helping that the company provided minimal commentary on the outlook for the rest of the year

shares of att inc t advanced 299 to 1996 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 245 to 376479 and the dow jones industrial average djia rising 215 to 3053025 this was the stocks second consecutive day of gains att inc closed 219 below its 52week high 2215 which the company achieved on july 2nd the stock demonstrated a mixed performance when compared to some of its competitors tuesday as verizon communications inc vz rose 330 to 5065 walt disney co dis fell 111 to 9329 and comcast corp cl a cmcsa fell 059 to 3848 trading volume 493 m remained 36 million below its 50day average volume of 529 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

oct 25 reuters halliburton co haln posted a rise in profit for the third quarter on tuesday wrapping up an upbeat earnings season from the worlds top oilfield services providers on strong demand fueled by higher oil prices brent crude averaged 9896 a barrel during the third quarter up about 33 from a year earlier as sanctions on large oil producer russia for its invasion of ukraine upended global supply routes meanwhile demand has rebounded sharply from pandemic lows market leader schlumberger slbn reported its strongest quarterly profit since 2015 while baker hughes co bkro posted an adjusted thirdquarter profit that topped wall street estimates looking forward we see activity increasing around the world from the smallest to the largest countries and producers halliburton chief executive officer jeff miller said in a statement halliburton said its revenue from north america jumped 9 from the second quarter to reach 26 billion its international revenue rose 3 sequentially to 27 billion the houstonbased companys net income rose to 544 million or 60 cents per share for the quarter ended sept 30 from 236 million or 26 cents per share a year earlier

nrg energy has agreed to acquire vivint smart home in a 28 billion cash deal the companies said tuesday as the texasbased energy and utilities giant pushes into the consumer segment with a takeover of the home services platform nrg ticker nrg stock slid 56 in us premarket trading after the acquisition was announced with shares in vivant vvnt flying 31 higher the deal for 12 a share values vivant at a 33 premium to the stock’s close at 899 on monday vivant stock has fallen 10 this year outperforming the sp 500 index which has shed 17

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nvidia corp has soared more than 200 this year and if that’s used as a proxy for the bubble in artificial intelligence stocks morgan stanley reckons the peak in the bullrun is near based on historical context this stock surge would be in its “laterinnings” morgan stanley strategist edward stanley wrote in a note “bubbles tend to rally a median 154 in the 3 years prepeak” while nvidia has been the posterchild for the excitement around allthings ai stanley says the broader ai benchmarks like the msci usa imi robotics ai select net usd index have risen far more modestly the gauge is up 46 the santa clara californiabased company has been at the heart of this year’s frenzy around ai and its bullish outlook was proof that spending on ai computing is boosting sales to be sure stocks across the sector do not have uniform charecteristics therefore stanley says that given the idiosyncrasies of individual names “drawing conclusions on the speed of upswing and drawdown of bubbles can only be usefully or fairly done at an index level”

brown forman inc class b common stock nysebf is set to give its latest quarterly earnings report on wednesday 20211208 heres what investors need to know before the announcement analysts estimate that brown forman inc class b common stock will likely report an earnings per share eps of 052 brown forman inc class b common stock bulls will hope to hear the company to announce theyve not only beaten that estimate but also to provide positive guidance or forecasted growth for the next quarter new investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock but the guidance or forecast last quarter the company beat eps by 001 which was followed by a 213 drop in the share price the next day heres a look at brown forman inc class b common stocks past performance and the resulting price change shares of brown forman inc class b common stock were trading at 7361 as of december 06 over the last 52week period shares are down 414 given that these returns are generally negative longterm shareholders are likely bearish going into this earnings release to track all upcoming earnings announcements click here to use benzinga earnings calendar

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shares of companies in reopening sectors including amc entertainment holdings inc nyse amc are trading lower as covid19 concerns cause uncertainty for restaurant travel and resort names amc entertainment last week beat analyst expectations for the second quarter the worlds largest theater chain reported a secondquarter loss of 71 cents per share which beat the analyst consensus estimate of a loss of 93 cents per share amc also reported quarterly sales of 44470 million which beat the analyst consensus estimate of 37528 million by 1850 percent amc is involved in the theatrical exhibition business amc owns operates or has interests in theatres located in the united states and europe amc is trading lower by 44 at 3495 amc has a 52week high of and a 52week low of 7262 and a 52week low of 191

shares of norwegian cruise line holdings ltd nclh shed 168 to 1348 tuesday on what proved to be an allaround poor 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 norwegian cruise line holdings ltd closed 519 below its 52week high 1867 which the company achieved on november 15th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as walt disney co dis fell 202 to 9098 and carnival corp ccl rose 048 to 1036 trading volume 102 m remained 46 million below its 50day average volume of 148 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of jb hunt transport services inc jbht shed 108 to 17355 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 015 to 385576 and dow jones industrial average djia falling 028 to 3181914 this was the stocks third consecutive day of losses jb hunt transport services inc closed 4463 short of its 52week high 21818 which the company reached on march 16th despite its losses the stock outperformed some of its competitors monday

shares of zebra technologies corp cl a zbra advanced 279 to 60720 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 132 to 465527 and the dow jones industrial average djia rising 068 to 3513594 the stocks rise snapped a threeday losing streak zebra technologies corp cl a closed 690 below its 52week high 61410 which the company achieved on november 8th the stock demonstrated a mixed performance when compared to some of its competitors monday as danaher corp dhr rose 079 to 32652 hitachi ltd adr hthiy rose 077 to 12274 and hp inc hpq rose 390 to 3593 trading volume 262379 eclipsed its 50day average volume of 251977 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

gold futures tallied backtoback session gains on wednesday but prices settled below 1800 an ounce for a third consecutive session as traders await next week’s federal reserve decision on interest rates the technical outlook remains bullish for gold near term but “if we see rates and the dollar begin to rise we are likely to see much of the november rally retraced in the weeks ahead” analysts at sevens report research wrote in wednesday’s newsletter gold for february delivery gcg23 rose 1560 or 09 to settle at 1798 an ounce on comex

vistra corp vst said monday it will pay 3 billion to acquire energy harbor corp and combine it with a new unit called vistra vision a retail electricity and zerocarbon generation company vistra vision will own four nuclear power plants with 6400 megawatts of power with a renewables and energy storage portfolio energy harbor’s two largest shareholders avenue capital group and nuveen will receive a combination of cash and the 15 ownership interest vistra vision will assume 430 million of net debt from energy harbor in the transaction vistra will continue to own 85 of vistra vision as well as 100 of vistra tradition vistra’s gas and coal generation fleet vistra stock is down 77 in 2023 compared to a 54 increase by the sp 500 spx

can b corp canb released financial results for the third quarter and nine months ended september 30 2022 revealing revenue of 29 million an increase of 10 million or 51 compared with 19 million for the three months ended september 30 2021 gross profit was 19 million an increase of 500000 or 36 compared with 14 million for the three months ended september 30 2021 gross margin was 643 compared with 717 for the same quarter last year net loss was 69 million or 198 per share compared with a net loss of 32 million or a net loss of 161 per share for the three months ended september 30 2021 signed manufacturing and distribution agreement for superfood products with forever brands and brooke burke via bb body inc marco alfonsi can b’s ceo stated “we are thrilled with our tremendous quarterly results having achieved the highest quarterly revenue in our company history we generated 29 million in quarterly revenue while reducing our cash burn as demonstrated by the 25 decrease in adjusted ebitda our team made great strides over the past several months integrating and ramping up the various operations we strategically acquired over the past year to complete our vertical processing capabilities” alfonsi concluded “we had a vision and were confident in the assets we were assembling over the past year it is great to see all the challenging work pay off and result in accelerating revenue growth and a reduction in cash losses with our proven manufacturing and distribution capabilities we are now executing major strategic agreements such as the recently announced deal with brooke burke since the end of the quarter we have started taking orders and shipping superfood products with brooke burke and are very excited about the early demand and results can b is now a fullservice hempderived cannabinoid company that can facilitate servicing large box retailers boutique vape and smoke stores and strategic partners” can b corp shares were trading 5143 lower at 102 per share at the time of writing tuesday morning get your daily dose of cannabis news on benzinga cannabis don’t miss out on any important developments in the industry photo benzinga sources courtesy of stefan balaz via shutterstock and peter pike via pixabay

shares of genuine parts co gpc inched 071 higher to 16592 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 130 to 400287 and the dow jones industrial average djia rising 098 to 3256060 this was the stocks second consecutive day of gains genuine parts co closed 2181 short of its 52week high 18773 which the company reached on december 2nd the stock underperformed when compared to some of its competitors tuesday as aptiv plc aptv rose 199 to 11098 and cummins inc cmi rose 191 to 23437 trading volume 12 m remained 8149 below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of iron mountain inc irm slipped 499 to 5161 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 111 to 385236 and dow jones industrial average djia falling 085 to 3292046 this was the stocks third consecutive day of losses iron mountain inc closed 700 below its 52week high 5861 which the company achieved on april 21st the stock underperformed when compared to some of its competitors friday as prologis inc pld fell 472 to 11224 international business machines corp ibm fell 155 to 14016 and digital realty trust inc dlr fell 263 to 10154 trading volume 30 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

shares of experian plc expn rose 114 to £2834 wednesday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 172 to 749732 experian plc closed £855 below its 52week high £3689 which the company achieved on december 30 trading volume 765529 remained 856028 below its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

in the us futures for the sp 500 were down 03 and futures for the dow jones industrial average declined 02 changes in futures dont necessarily predict movements after the opening bell in europe the stoxx europe 600 fell 02 in morning trading evotec added 43 and gsk rose 34 on the other hand siemens energy slipped 299 and samhaellsbyggnadsbolaget lost 168 the ftse 100 lost 03 other stocks in europe were down as frances cac 40 decreased 03 and germanys dax dropped 06 in commodities brent crude dropped 11 to 7353 a barrel and wti crude dropped 12 to 6870 a barrel the german 10year bund yield declined by 143 basis points to 2358 from 2501 and the yield on the 10year us treasury fell by 55 basis points to 3742 from 3797 bond prices and yields move in opposite directions stocks in asia were down as japans nikkei 225 index fell 15 whereas hong kongs hang seng declined 12 markets in china were closed this article was automatically generated by marketwatch

shares of agilent technologies inc a shed 090 to 11843 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 079 to 441159 and dow jones industrial average djia falling 107 to 3392226 agilent technologies inc closed 4184 short of its 52week high 16027 which the company achieved on december 13th

after a year in which a pandemic and politics posed challenges unlike the us has seen in generations the economy closed 2020 in fairly good shape gross domestic product or the sum of all goods and services produced increased at a 4 pace in the fourth quarter slightly below the 43 expectation from economists surveyed by dow jones thursdays report was the commerce departments initial estimate of growth for the quarter also thursday the labor department reported that firsttime claims for jobless benefits totaled 847000 last week less than the 875000 expected by economists polled by dow jones in the commerce report the annualized pace closed out a 2020 that saw gdp overall decline 35 for the full year and by 25 from the fourth quarter of 2019 the economy fell into recession in february a month before the world health organization declared covid19 a pandemic the 35 decline is the worst year for the us since at least the end of world war ii the economy contacted at a postdepression record 314 in the second quarter then rebounded to a 334 gain in the following three months increases in exports nonresidential fixed investment consumer spending residential investment and inventories contributed positively to gdp for the fourth quarter while acrosstheboard declines in government spending at the federal state and local levels weighed on growth personal consumption expenditures comprise 68 of all us activity and increased at a 25 pace in the fourth quarter gross private domestic investment surged 253 while government spending and investment declined by 12 largely due to an 84 slump in nondefense spending exports which add to gdp grew by 22 while imports which subtract from the total jumped by 295 slow start seen for 2021 then acceleration activity seemed to slow for the 215 trillion us economy as the year came to a close as economists see challenges for the early part of 2021 growth is likely to be very weak in the first quarter of 2021 below 1 annualized said gus faucher chief economist at pnc with recordhigh caseloads early in the year consumers have turned more cautious and states have reimposed additional restrictions on economic activity although in a more targeted fashion than in the early stages of the pandemic but growth should pick up through the rest of 2021 a slowerthananticipated rollout in the vaccines coupled with a continued rise in cases and restrictions on activity across the country likely held back growth in the fourth quarter and could extend into the early part of 2021 however activity is projected to rebound strongly later in the year once vaccines are more widely distributed and the economy can get back to some semblance of normal theres nothing more important to the economy now than people getting vaccinated federal reserve chairman jerome powell said wednesday there is good evidence to support a stronger economy in the second half of this year he added though he noted considerable risks to the forecast depending on the path of the virus the biggest challenge is getting people back to work though the economy regained 125 million jobs from may through november the loss of 140000 in december due largely to a decline of nearly half a million in the hospitality industry provided a reminder that much works needs to be done the sector had an unemployment rate of 167 in december compared with 57 in february other areas of the economy have fared better though housing prices are rising at nearhistoric levels savings levels are still high and household balance sheets remain strong the personal savings rate remained high in q4 at 134 on top of that congress approved another stimulus infusion in december and president joe biden is looking to spend another 19 trillion that could be followed by still another package later in the year the fed is maintaining a low interest rate environment and is buying at least 120 billion a month in bonds to keep activity flowing

the us banking and financial systems remain safe sound strong and resilient despite the rapid collapse of two regional us banks last month federal reserve governor michelle bowman said friday silicon valley bank svb and signature bank failed in rapid succession last month following a rush for deposits by concerned customers us and european regulators took a number of significant emergency measures in the days that followed which appear to have calmed the financial markets while this episode has demonstrated that some changes may be warranted i do not believe the failure of these two institutions is an indictment of the broader regulatory landscape bowman said in prepared remarks the fed and the federal deposit insurance corporation announced they are conducting separate reviews into their oversight of us banks in light of the collapse of svb and signature bank both have said they will publish their findings by may 1 we need a full accurate and thorough examination and diagnosis before we reach conclusions about solutions to any issues that emerge bowman said on friday if we identify shortcomings in supervision and regulation we should and will address those shortcomings she added earlier friday fed governor christopher waller said that a significant tightening of credit conditions could obviate the need for some additional monetary policy tightening his remarks echo previous comments from the fed suggesting that the fallout from svbs collapse could mean less interest rate hikes were now needed to tame abovetarget inflation but waller cautioned against making such a judgement before good data on the effect of the financial turmoil and bank lending was published

shares of west pharmaceutical services inc wst advanced 284 to 33884 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 213 to 421024 and the dow jones industrial average djia rising 163 to 3330951 the stocks rise snapped a twoday losing streak west pharmaceutical services inc closed 13651 below its 52week high 47535 which the company reached on september 9th the stock outperformed some of its competitors wednesday as johnson johnson jnj rose 029 to 17067 medtronic plc mdt rose 115 to 9417 and stryker corp syk rose 198 to 21920 trading volume 267682 remained 165217 below its 50day average volume of 432899 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of inovio pharmaceuticals inc ino shed 603 to 187 tuesday on what proved to be an allaround grim trading session for the stock market with the nasdaq composite index comp falling 041 to 1208139 and dow jones industrial average djia falling 067 to 3299012 the stocks fall snapped a twoday winning streak inovio pharmaceuticals inc closed 846 short of its 52week high 1033 which the company achieved on june 9th the stock underperformed when compared to some of its competitors tuesday as abbvie inc abbv fell 175 to 14737 amgen inc amgn rose 058 to 25674 and astrazeneca plc adr azn fell 136 to 6648 trading volume 84 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

us stocks slid thursday erasing their gains from earlier in the day after a selloff in government bonds picked up steam the renewed push higher in bond yields put fresh pressure on the stock market higher rates can put pressure on stocks because they reduce the premium that investors get from holding riskier assets instead of treasurys the sp 500 fell 6579 points or 15 to 439366 the nasdaq composite dropped 27841 points or 21 to 1317465 adding to losses from wednesday after a selloff in netflix shares led the technology sector lower the dow jones industrial average was down 36803 points or 1 to 3479276 japanese stocks were lower dragged by declines in tech stocks as concerns persisted about the pace of feds policy tightening recruit holdings fell 50 and m3 inc was 48 lower meanwhile toshiba corp roses 43 after it decided to solicit proposals for privatization investors were focusing on earnings as well as bond yield movements the nikkei stock average was 22 lower at 2695514 south koreas kospi fell 11 to 269731 in early trade dragged lower by tech and energy stocks sentiment was being dimmed by fed chair powells comments indicating that the us central bank was likely to raise interest rates next month by a halfpercentagepoint and begin shrinking its 9 trillion asset portfolio usdkrw was 03 higher at 124220 as traders digest the feds hawkish stance index heavyweight samsung electronics fell 10 memorychip maker sk hynix lost 18 and evbattery maker lg energy solution shed 11 hong kong shares were lower in early trading with the benchmark hang seng index down 18 at 2029759 tracking weakness in us equity markets overnight aggressive us fed tightening and stagflation fears are weighing on investor sentiment ig market strategist yeap jun rong said in a note all except one of the hsis constituents were negative with china unicoms shares flat after reporting higher 1q net profit late thursday losses were led by alibaba group which was 40 lower followed by jdcom haidilao and geely automobile which retreated 37 35 and 29 respectively chinese stocks were lower tracking broad declines among other asian equities the shanghai composite index fell 09 to 305309 the shenzhen composite index declined 10 to 190409 while the chinext price index was 05 lower at 229905 sentiment was being weighed by president xi on thursday defending the countrys zerocovid policy and the ongoing reforms which failed to reassure investors igs market strategist yeap jun rong said concerns over chinas covid19 lockdowns supply chain disruptions and muted pickup in the property sector were likely to persist the analyst said consumer stocks were lower with kweichow moutai falling 06 and hangzhou robam appliances declining 22 most asian currencies were weaker versus the us dollar in the morning session following comments by fed chairman powell sending yet another clear hawkish signal ig market strategist yeap jun rong says in an email us dollar strengthened following powells comments which were seen as cementing a 50 basis points increase in the upcoming may meeting to tackle soaring inflation he said powells stance that the process to restore price stability without creating a slowdown that amounts to a recession was going to be very challenging has added to market jitters the analyst added usdjpy rose 02 to 12858 usdsgd gained 01 to 13648 while audusd fell 02 to 07354 gold was little changed in early asian trading although prices were supported by tightness in the physical bullion market goldman sachs analysts said in a report the investment bank has a yearend gold target price of 2500 an ounce due to high demand it said the gold etf build continues chinese gold premium remains strong russia is likely buying up all domestic gold production and developedmarket retail gold purchases are running at record high levels if strength in physicalinvestment demand continued gold has to eventually rise to price out consumers and make room for investors gs analysts reckoned spot gold was flat at 195082 an ounce oil was lower in early asian trading with chinas covid19 lockdowns and the resulting reduction in mobility signaling that fuel demand and hence oil demand will normalize anz analysts said in a note that said production issues should offer support protests in libya had led to the countrys crude supply dropping to 800000 barrels a day from 13 million barrels a day while russian production was also falling amid the war in ukraine the analysts said they note opec producers were disciplined in march with production rising only 90000 barrels a day frontmonth brent and wti each fall 06 to 10768bbl and 10319bbl respectively

shares of mccormick co inc mkc slid 137 to 8375 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 this was the stocks third consecutive day of losses mccormick co inc closed 2360 short of its 52week high 10735 which the company achieved on march 7th editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of lockheed martin corp lmt slipped 241 to 43272 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 238 to 401782 and dow jones industrial average djia falling 194 to 3227279 this was the stocks second consecutive day of losses lockheed martin corp closed 4727 short of its 52week high 47999 which the company reached on march 7th the stock demonstrated a mixed performance when compared to some of its competitors thursday as boeing co ba fell 423 to 13373 northrop grumman corp noc fell 202 to 46292 and general dynamics corp gd fell 193 to 22689 trading volume 994586 remained 422527 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