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shares of agnicoeagle mines ltd aem slid 023 to c6940 monday in what proved to be an allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 017 to 2022679 agnicoeagle mines ltd closed c1350 short of its 52week high c8290 which the company reached on may 4th trading volume of 940351 shares remained 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 ulta beauty inc ulta dropped 008 to 46208 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 004 to 437686 and dow jones industrial average djia falling 022 to 3385266 this was the stocks second consecutive day of losses ulta beauty inc closed 9452 short of its 52week high 55660 which the company reached on may 1st the stock demonstrated a mixed performance when compared to some of its competitors wednesday as target corp tgt fell 003 to 13247 and macys inc m fell 070 to 1551 trading volume 898472 remained 151597 below its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of teleflex inc tfx inched 063 higher to 23732 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 089 to 395157 and the dow jones industrial average djia rising 120 to 3224458 this was the stocks third consecutive day of gains teleflex inc closed 11940 short of its 52week high 35672 which the company reached on april 4th the stock underperformed when compared to some of its competitors monday as johnson johnson jnj rose 099 to 15389 medtronic plc mdt rose 169 to 7961 and boston scientific corp bsx rose 184 to 4883 trading volume 293624 remained 59012 below its 50day average volume of 352636 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

compagnie generale des etablissements michelin said friday that it has sold its operations in russia to power international tires and that it expects to book an expense this month as a result of the deal the french auto supplier said that it is selling michelin russia tyre manufacturing company and camso to the russian tire distributor and that the transaction has been approved by local authorities michelin didnt disclose the financial terms of the sale but said that it will incur an expense this month in the tens of millions of euros for currency changes most expenses associated with the companys exit from russia after the invasion of ukraine were accounted for in 2022 michelin said the sale wont affects michelins 2023 outlook it said michelin which suspended industrial activities in russia in march 2022 said the deal saves 250 local jobs mostly in davydovo russia a transfer of the operations to local management wasnt possible it said

shares of shopify inc cl a shop advanced 300 to c4183 thursday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 089 to 1941300 this was the stocks second consecutive day of gains shopify inc cl a closed c18104 below its 52week high c22287 which the company achieved on november 19th trading volume of 74 m shares eclipsed 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 invesco ltd ivz rose 279 to 1660 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 099 to 458223 and the dow jones industrial average djia rising 050 to 3545929 invesco ltd closed 396 below its 52week high 2056 which the company achieved on february 2nd the stock outperformed some of its competitors friday as morgan stanley ms fell 036 to 9157 blackrock inc blk rose 127 to 73834 and goldman sachs group inc gs fell 036 to 35323 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 ferguson plc ferg inched down 057 to £12205 tuesday on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 064 to 745369 ferguson plc closed £275 short of its 52week high £12480 which the company achieved on june 30 trading volume 58469 remained 229812 below its 50day average volume of 288281 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 boston scientific corp bsx inched 095 higher to 5106 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 070 to 446771 and dow jones industrial average djia falling 054 to 3512336 boston scientific corp closed 369 below its 52week high 5475 which the company reached on june 23rd the stock outperformed some of its competitors wednesday as abbott laboratories abt fell 027 to 10530 medtronic plc mdt rose 085 to 8294 and stryker corp syk fell 012 to 28200 trading volume 59 m remained 14 million below its 50day average volume of 73 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

us stocks drifted lower tuesday as investors returned from the threeday christmas weekend with bulls holding out for a seasonal santa claus rally after a premarket lift was attributed to chinas decision to lift covid quarantine requirements for inbound travelers raising hopes the worlds second largest economy may recover in 2023 last week the dow gained nearly 1 while the sp 500 and nasdaq fell for a third straight week see more what to expect for the stock market in 2023 after the biggest decline since the financial crisis friday marked the start of the socalled santa claus rally period the final five trading days of the calendar year and the first two trading days of the new year that stretch has on average produced gains for stocks but failure to do so is often read as a negative indicator read more how a santa claus rally or lack thereof sets the stage for the stock market in first quarter investors drew some premarket optimism from news that china will drop quarantine requirements for incoming travelers starting in january those travelers will still need to present a negative covid test within 48 hours of travel but will no longer need to routinely isolate five days in a hotel followed by five days at home this is certainly something that traders and investors have been hoping for a long period of time as china remained very strict with its zerocovid policy throughout this year said naeem aslam chief market analyst at avatrade in a note to clients nonetheless recession remains a major fear among investors and traders and this is likely to keep a cap on any corrective moves in the markets it is widely anticipated that trading volume is expected to remain on the low side due to a short holiday week he said see airlines faced a difficult christmas of storms and sickness says cowen who fared best and worst

now were looking at china but look at this migration its emblematic of perhaps this change or should i say a change of heart dogmatism and to pragmatism at what cost though its a return to pragmatism and all eyes are focused on the economy interestingly enough a few months ago when i interviewed with bloomberg i said i talked about the pendulum swing from one end to the extreme other end and this is exactly what has happened and that also demonstrates the feds flexibility and ability to adapt to circumstances perhaps even more so with a greater political concentration we have seen the economy has to hit a really low point paradoxically in order for the whole nation and especially the government to gear up and to mobilize all resources and put the focus back on economic normality cages hold out so we got breaking news as the lpa chinas learned prime rate has been left unchanged at the one year lpl three point six five as it was before and the five year 40 3 0 at the same time weve got the yuan reference rate just a fraction stronger six point 7 7 0 2 as opposed to 6 points 7 7 1 9 there we go lpa unchanged okay okay ise were talking about that you know weve got to talk about what the authorities can do to stimulate parts of the economy which may not have been stimulated before well i think people who are too optimistic about this revenge spending that we have observed in the western economies might be in for a disappointment because this is not how chinese households view this view there are precautionary savings built up over the pandemic it really will only return when jobs are back when there is confidence built back pretty much destroyed over the last three years and where theres an actual you know apart from the macro numbers there is actually good economic conditions and i think we should remain optimistic about that because frankly despite the structural headwinds with the local government debt and the lingering scarring effects of the pandemic there is much to look forward do you have 650 million people who have not yet met middle class standards by international standards and when you give them jobs and opportunities that will be a huge boost to consumers but in the short term we can expect a discretionary service spending but probably not hard durables and big amount of spending because its really about you know whats actually going to happen people are holding holding back a bit all right could you this is a stephen engle im down in singapore today good to see you again the last time is when i moderated a panel with you at the summer davos and dalian back in 2019 it seems like ages ago because of the pandemic but you know you really do straddle both sides of the eastwest divide if you will youre a london school of economics associate professor your father we all know is the head of the ibex based in beijing what is your message to the optimists and the pessimists perhaps in the west whos who some have been burned through this uturn of policy because of you know on the platform economy on property covid zero but then on the other side of the fence you have the optimists who are upgrading their outlook for gdp growth what are some of these people getting the outlook for china wrong where are they getting it wrong its we have to take a balanced approach and a nuanced approach to looking at this the return to pragmatism you know the kind of the core of our art discussion today is really that everybodys in mind the government the enterprises the people in pushing this economy its like a cycle of renewal now that were past the pandemic everybody is geared up to do the next big thing so that is probably the single biggest boost of optimism for foreigners who cant really quite read whats actually going on in china and so weve seen already a relaxation of regulatory crackdowns again you know all this energy focused on pushing the economy especially in strategic areas and innovation and the big urban push and leading consumers etc so i think that that needs to be taken you know theres theres confidence back in the economy on the other hand i think the geopolitical circumstances and the fact that there are structural economic challenges in china will mean that its not going to be as easy to stimulate the economy as it was after the financial crisis in 2008 or in the last decade but there will be high quality growth and i think investors should look at valuations should look at this a return to pragmatism or sources of inspiration well let me get your unvarnished opinion then on those regulatory crackdowns that you talked about the three red lines on property obviously was really tough on the property sector did at the end of the day at the uturn did that resolve the issues that are longstanding in the overindebtedness of the property sector you know sometimes these very harsh draconian measures are are intended to create a big bang effect lessons learned the intent is serious and everybody understands this and we move on and i think thats one way to interpret what we have seen on the other hand things dont get resolved easily with these draconian measures especially when it comes to the property sector its a long term adjustment were going to have to find a new equilibrium in the economy where prices adjust according to demand and supply and we cant be too optimistic about demand given chinas demographic issues but particularly because chinas young people are not really having families but theres pent up demand from the urbanization point so it has to be a balanced approach but i see this normalization of the property sector as really taking time and something into the future very quickly you mentioned the urban push you mentioned in august in an article you wrote about the housing market being in freefall what does that do to the wealth effect makes people feel of course less rich than they were does that affect that pent up demand that everybodys talking about very quickly absolutely its its a lack of confidence lack of health wealth wealth effects are really important so thats going to kind of strain back the consumption boost

banking sector woes aside its looking like a good time for investors who are in the market for a certificate of deposit thats because banks are boosting the rates theyre paying on cds according to a thursday report from morgan stanley the average highest rate banks paid on a cd rose by eight basis points to 408 over the first two weeks of march according to morgan stanley analyst betsy graseck investors are also scooping up a little more return for shortterm cds as the average 1month to 12month rate grew by 12 basis points to 350 in the past two weeks she found these enticing yields on cds are a positive side effect of todays higher interest rate environment now that the federal reserve has hiked rates eight times over the past year over the span treasury yields have ticked up making even shortterm government securities an attractive place to stash cash a oneyear treasury bill yields 448 and 3month tbills offer 472 banks will increasingly need to compete with treasuries and money market funds in order to attract deposits said graseck this should push deposit rates higher even after the fed pauses at a time when deposit flight is a stressor for some banks its worth noting that cds also tend to be sticky assets thats because investors are penalized for breaking them ahead of maturity meaning they forfeit some interest depending on the term of the cd look to online banks for some of the highest rates ally bank and synchrony financial for instance are offering 5 on cds going beyond 36 months according to morgan stanley capital one financial pays 5 on 1month to 12month cds see below for morgan stanleys list of top shortterm cd rates as of march 15 with bank stability on the top of investors minds be aware that bank cds are covered by the federal deposit insurance co bank deposits are insured up to 250000 per depositor per fdicinsured bank per ownership category including cds cnbcs michael bloom contributed to this report

shares of expedia ticker expe and airbnb abnb surged in premarket trading friday as investors grew increasingly confident in the travel recovery following strong earnings reports both companies reported earnings late thursday and provided further signs that the travel rebound is gathering pace airbnb stock was close to 6 up in premarket trading while expedia shares surged more than 14

tokyo shares opened higher on thursday as investors eyed the release of key us economic data later in the week the benchmark nikkei 225 index added 018 percent or 4963 points to 2744464 while the broader topix index edged up 013 percent or 266 points to 198355

shares of micron technology inc mu inched 010 higher to 6093 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 046 to 411917 and dow jones industrial average djia falling 017 to 3356181 micron technology inc closed 1448 below its 52week high 7541 which the company achieved on june 2nd

shares of electricvehicle maker nikola dropped in early trading friday after the company said its chief executive would step down to be replaced by its chairman nikola stock was recently off more than 9 the company said michael lohscheller would be replaced by steve girsky making girsky its fourth ceo in about as many years in separate news nikola reported a drop in sales and widening losses in its latest quarter shareholders also approved a sharecount increase that would allow it to sell more shares an earlier proposal was rejected by shareholders nikola stock is was up nearly 50 this year through thursdays close at 339 though well off its alltime high around 80

shares of wr berkley corp wrb slipped 049 to 6234 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 025 to 450189 and dow jones industrial average djia falling 019 to 3521589 wr berkley corp closed 1465 below its 52week high 7699 which the company reached on december 1st the stock demonstrated a mixed performance when compared to some of its competitors thursday as chubb ltd cb fell 129 to 20290 progressive corp pgr rose 278 to 12885 and travelers cos inc trv fell 099 to 16940 trading volume 988891 remained 428106 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

shares of lloyds banking group plc lloy inched down 063 to 4518 british pence friday on what proved to be an allaround grim trading session for the stock market with the ftse 100 index ukx falling 127 to 733212 lloyds banking group plc closed 1082 pence below its 52week high 5600 pence which the company reached on january 17 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 nov inc nov rose 253 to 1336 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 031 to 470121 and the dow jones industrial average djia rising 010 to 3575475 this was the stocks third consecutive day of gains nov inc closed 466 below its 52week high 1802 which the company achieved on may 18th the stock outperformed some of its competitors wednesday as schlumberger ltd slb rose 098 to 3106 trading volume 41 m eclipsed its 50day average volume of 41 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of l3harris technologies inc lhx rallied 142 to 18714 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 027 to 3366502 and the sp 500 index spx falling 038 to 426752 this was the stocks fifth consecutive day of gains l3harris technologies inc closed 6796 below its 52week high 25510 which the company achieved on october 27th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as raytheon technologies corp rtx rose 118 to 9859 boeing co ba rose 224 to 21193 and lockheed martin corp lmt rose 068 to 46175 trading volume 866918 remained 179308 below its 50day average volume of 10 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of mckesson corp mck slid 004 to 24800 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 059 to 3679965 and the sp 500 index spx falling 006 to 479354 this was the stocks third consecutive day of losses mckesson corp closed 304 below its 52week high 25104 which the company reached on december 30th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as cerner corp cern fell 022 to 9264 amerisourcebergen corp abc fell 095 to 13136 and cardinal health inc cah rose 113 to 5260 trading volume 664321 remained 311551 below its 50day average volume of 975872 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

club holdings wells fargo wfc ford f and apple aapl are in the news wednesday with potential implications for our investment outlook here are the noteworthy headlines of the day along with the club take wells fargo the news wells fargo could initiate another round of layoffs at its home mortgage division amid a collapse in homebuyer demand according to a cnbc report the bank which is one of the largest mortgage lenders in the us has been cutting staff at the division since april after the real estate market starting cooling in its fiscalthird quarter revenue from wells fargos home lending unit fell 52 yearoveryear due to lower mortgage originations consumers are responding to higher interest rates and inflated home prices mortgage applications to purchase a home fell 1 for the week down 41 year onyear according to the latest data from the mortgage bankers association club take while there was a considerable revenue decline at wells fargos home lending segment during the third quarter it was offset by strong net interest income due to higher interest rates which remains the driver of our investment thesis for the bank moreover the drop in mortgage lending didnt impact wells fargos overall revenue in the latest quarter which rose 25 yearoveryear to 195 billion shares of wfc are down 23 yeartodate outperforming the s p 500 which has shed roughly 19 during the same period the stock was trading mainly flat wednesday at roughly 47 a share ford the news the automakers sales fell 10 in october a result of supply chain issues that delayed shipments ford said wednesday the company sold a total of 158327 vehicles last month down from nearly 176000 during the same time last year this is the second consecutive month sales are down with septembers figure tumbling 89 club take were not surprised by the sales drop given the supply issues ford faces are well documented we think inflation and parts shortages are temporary headwinds ford can work through which is why were sticking with the stock long term despite the sales slowdown ford continues to benefit from demand for its popular product line of vehicles were also happy to see that ford remains the number 2 electric vehicle brand in the us showing its growing leadership in a competitive ev landscape apple the news china enacted covid19 lockdown at an industrial park in zhengzhou which houses the worlds largest assembly plant for apples iphones the latest draconian covid restrictions come as the tech giant is scrambling to meet demand for its newly launched iphone 14 series shares of apple were trading down wednesday around 1 at roughly 149 a share club take china has been a source of pain for multinationals doing business in the country given its ongoing zerocovid policy which has severely limited economic activity for nearly 3 years however apples fierce customer loyalty to the brand has allowed for missed sales due to supply constraints to be made up in subsequent quarters supporting our investment case despite a brutal earnings season for big tech apple bucked the trend delivering a sales and profit beat in its fiscal fourth quarter we think the china headwind is temporary and stick with our mantra on the stock own it dont trade it jim cramers charitable trust is long wfc f aapl see here for a full list of the stocks as a subscriber to the cnbc investing club with jim cramer you will receive a trade alert before jim makes a trade jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trusts portfolio if jim has talked about a stock on cnbc tv he waits 72 hours after issuing the trade alert before executing the trade the above investing club information is subject to our terms and conditions and privacy policy together with our disclaimer no fiduciary obligation or duty exists or is created by virtue of your receipt of any information provided in connection with the investing club no specific outcome or profit is guaranteed club holdings wells fargo wfc ford f and apple aapl are in the news wednesday with potential implications for our investment outlook here are the noteworthy headlines of the day along with the club take

compass group plc said tuesday that it was raising its fiscal 2022 organic revenue growth guidance due to the significant acceleration in growth and continuing recovery of its base business the uk catering contractor increased fiscal 2022 organic revenue growth guidance from around 30 to around 35 it confirmed the fiscal 2022 operating margin guidance of more than 6 and now expects the exit margin to moderate from around 7 due to the net new performance and inflationary pressures the ftse 100 company said thirdquarter organic revenue growth was 434 an acceleration from 379 at the half year the underlying operating margin was up from 58 at the half year to 62 for the third quarter business industry is now trading above its 2019 level on a runrate basis it added net ma totaled 223 million pounds 2686 million year to date as it expanded the portfolio of brands focused on digital innovation and deliveredin solutions organic growth for fiscal 2022 to sept 30 is forecast at 304 with an adjusted earnings before interest and taxes margin of 62

subscribe now to get the evening briefing five things matt levines money stuff balance of power and tech daily subscribe now to get the evening briefing five things matt levines money stuff balance of power and tech daily subscribe now to get the evening briefing five things matt levines money stuff balance of power and tech daily by submitting my information i agree to the privacy policy and terms of service and to receive offers and promotions from bloomberg asian stocks face downward pressure at the start of trading thursday after us equities extended declines with federal reserve chair jerome powell sticking to the script of higher rates to combat inflation contracts for benchmarks in australia and japan posted modest losses after both the sp 500 and nasdaq 100 fell for a third day wednesday with the techheavy benchmark bearing the brunt of the selloff dropping more than 1 markets in hong kong and mainland china are closed thursday for holidays powell renewed his warning that higher rates are needed saying two more rate hikes this year is “a pretty good guess” while backing the central bank’s 2 inflation target during his semiannual report to congress separately atlanta fed president raphael bostic said he supports holding the central bank’s targetrate level while noting the “bar to justify further rate hikes is higher than it was a few months ago” chicago fed chief austan goolsbee said the decision to hold rates steady last week was a “close call shorter maturity treasuries reacted the most pushing the inversion of a key segment of the yield curve to a full percentage point for the first time since march as powell’s signal of higher rates fanned recession worries the hawkish fed signaling has combined with crowded bullish positioning narrow breadth and stretched valuations to sap investor enthusiasm for the secondquarter stock rally the market’s fear gauge the cboe volatility index or vix was strangely placid dropping to the lowest since january 2020 “the positioning and the chasing is no longer likely to be the big tailwind that it was for the last six or seven weeks” anastasia amoroso chief investment strategist at icapital said on bloomberg television before powell’s speech “that’s why things go parabolic they don’t do so in perpetuity” other central banks will also be in focus thursday for markets with a wave of decisions spanning asia and europe among them policymakers are seen keeping rates on hold in philippines and indonesia and raising them in switzerland norway and the uk traders are betting the bank of england will have to accelerate the pace of interestrate hikes after data wednesday showed inflation remained at 87 higher than expected for a fourth month while the boe is seen raising rates by 25 basis points to 475 the risk of a larger halfpoint increase is growing and is now fully priced by august traders also lifted expectations for the terminal rate to 6 which would be the highest since the turn of the century twoyear gilt yields rose to levels last seen in 2008 turkey’s decision holds a notable place on the calendar with analysts unanimous the central bank will raise rates for the first time in more than two years after two former wall street bankers are now at the controls of the economy elsewhere crude climbed above 72 a barrel on wednesday and bitcoin rallied past 30000 for the first time since april amid speculation over blackrock inc’s surprising filing for a us spot bitcoin exchangetraded fund some of the main moves in markets sp 500 futures were little changed as of 715 am tokyo time the sp 500 fell 05 nasdaq 100 futures were little changed the nasdaq 100 fell 135 the euro was little changed at 10987 the japanese yen was little changed at 14181 per dollar the offshore yuan was little changed at 71777 per dollar the australian dollar was little changed at 06799 ether was little changed at 187862 the yield on 10year treasuries was little changed at 372 this story was produced with the assistance of bloomberg automation

singapore jan 3 reuters singapores economy grew slightly more than expected in the fourth quarter from a year earlier preliminary data showed on tuesday gross domestic product gdp expanded 22 in octoberdecember on a yearonyear basis the ministry of trade and industry said in a statement eight economists polled by reuters had expected growth of 21 for the full year of 2022 the economy grew 38 the official forecast was 35 reporting by chen lin polling by devayani sathyan and dhruvi shah editing by sam holmes

shares of activision blizzard inc atvi inched 044 higher to 7934 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 089 to 395157 and the dow jones industrial average djia rising 120 to 3224458 activision blizzard inc closed 216 short of its 52week high 8150 which the company reached on august 19th the stock outperformed some of its competitors monday as unity software inc u fell 028 to 2824 trading volume 64 m remained 28366 below its 50day average volume of 65 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of whirlpool corp whr inched 084 higher to 20737 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 095 to 439564 and the dow jones industrial average djia rising 100 to 3425832 the stocks rise snapped a fourday losing streak whirlpool corp closed 5031 short of its 52week high 25768 which the company reached on may 10th the stock underperformed when compared to some of its competitors wednesday as general electric co ge rose 178 to 9854 trading volume 560975 eclipsed its 50day average volume of 558352 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 mahindra mahindra ltd 500520 dropped 191 to 135220 indian rupees wednesday on what proved to be an allaround positive trading session for the stock market with the sp bse sensex index 1 rising 027 to 5970808 mahindra mahindra ltd closed 3275 rupees below its 52week high 138495 rupees which the company reached on january 31 the stock underperformed when compared to some of its competitors wednesday as hero motocorp ltd heromotoco fell 130 to 272725 rupees and ashok leyland ltd ashokley fell 120 to 14770 rupees trading volume 55175 remained 17043 below its 50day average volume of 72218 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 boston properties inc bxp rallied 106 to 12353 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 247 to 428750 and the dow jones industrial average djia rising 185 to 3391639 the stocks rise snapped a twoday losing streak boston properties inc closed 958 below its 52week high 13311 which the company achieved on march 29th the stock underperformed when compared to some of its competitors thursday as digital realty trust inc dlr rose 220 to 15150 and vornado realty trust vno rose 184 to 4046 trading volume 701178 remained 28605 below its 50day average volume of 729783 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

germanys trade surplus fell in december compared with the previous month as both exports and imports declined sharply reflecting continued weakness in global demand and lower energy prices the countrys adjusted trade surplusthe balance of exports and imports of goodsfell to 100 billion euros 1099 billion in december from eur109 billion in november data from the countrys statistics office destatis showed wednesday economists polled by the wall street journal expected a trade surplus of eur780 billion in december exports fell 63 on month to eur1274 billion in a further sign of lower global demand for german manufacturing goods economists expected exports to decline by 35 imports decreased 61 on month to eur1174 billion as falling energy prices have pushed down the cost of energy imports germanys trade surplus shrunk markedly in 2022 as a sharp rise in energy prices increased the overall imports bill in 2022 as a whole trade surplus stood at eur760 billion its fifth consecutive yearly decline exports were up by 143 from the previous year while imports rose by 243 the trade surplus recovered somewhat at the end of the year amid lower energy prices but trade still faces headwinds ahead as the global economy cools

shares of hdfc bank ltd 500180 inched up 051 to 164130 indian rupees thursday on what proved to be an allaround great trading session for the stock market with the sp bse sensex index 1 rising 025 to 6555889 hdfc bank ltd closed 11650 rupees short of its 52week high 175780 rupees which the company reached on july 3 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

banking analyst dick bove of odeon capital said in a research note friday that this weeks capitol hill hearings between bank ceos and members of congress revealed more topics of interest from democrats than republicans as might be expected the democrats had meaningful differences in interest from the republicans bove said democrat issues with banks include excessive profits a lack of sensitivity to the needs of the underbanked and lowincome households overdraft fees mortgage underwriting and affordable housing reimbursement for fraud in zelle payments programs for banks in low income communities and climate control republican issues include overregulation by banks and under regulation of nonbanks banks overburdened by regulations to the extent that they cannot perform functions capital requirements forcing banks to reduce lending in bad times banks intimidated by the woke movement that fail to make required loans for oil and gas development and opposition to plans by credit card companies to add a code to identify purchases at gun retailers financial select sector spdr etf xlf is down 192 in 2022 compared to a drop of 212 by the sp 500 spx

export sales of us soybeans fell well below the forecasts of grain traders with oldcrop sales being reduced for the week amid cancellations of previously announced sales in its weekly report covering sales for the week ended june 23 the usda said that oldcrop sales of soybeans were reduced by 120200 metric tons driven largely by the cancellation of 288400 tons of previously announced sales to unknown destinations new crop sales for the week only slightly offset this reduction leaving the net total at 7400 tons grain traders surveyed by the wall street journal this week had forecast total sales of soybeans to land anywhere from 200000 tons to 600000 tons corn sales also fell below the forecasts of traders with sales across both marketing years totaling 208100 tons versus forecasts of 400000 tons to 1 million tons meanwhile wheat sales totaled 496700 tons which is on the highend of trader expectations grain futures on the cbot are down in premarket trading thursday with corn futures down 13 soybeans down 06 and wheat is down 05 to see related data search us export sales weekly sales totals in dow jones newsplus

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shares of paramount global cl b para inched 046 higher to 3056 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 095 to 416068 and the dow jones industrial average djia rising 080 to 3318014 the stocks rise snapped a fourday losing streak paramount global cl b closed 1690 short of its 52week high 4746 which the company achieved on june 28th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as walt disney co dis fell 004 to 10779 netflix inc nflx rose 075 to 19861 and comcast corp cl a cmcsa rose 083 to 4263 trading volume 51 m remained 44 million below its 50day average volume of 95 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

state bank of india 500112 shares slid 171 to 57345 indian rupees tuesday on what proved to be an allaround dismal trading session for the stock market with the sp bse sensex index 1 falling 000 to 6176133 state bank of india closed 5620 rupees short of its 52week high 62965 rupees which the company achieved on december

shares in starcom plc rose as much as 33 on friday after the company said that it has raised 450000 pounds 620730 via a premium share subscription and will use the money toward its new business pipeline as well as for potential new contracts the remotetracking technology company said it has issued 36 million new ordinary shares at 125 pence each a 34 premium to its closing price of 093 pence on thursday starcom said the shares are being subscribed for by several unnamed new investors shares at 0916 gmt were up 028 pence or 30 at 120 pence having peaked at 124 pence earlier in the session the company said it is in talks over some potential new contracts that if they proceed could provide significant revenue over the next few years while cautioning that there is no certainty the discussions will lead to any actual contracts starcom said certain potential clients have indicated their desire to reach an agreement with the company and that the board is hopeful to agree to one or more before the yearend starcom also said the board has been reviewing the companys market positions and will now start a rebranding of its products with a view to increasing its global marketing plans the board is also thinking about changing the companys name to reflect any new branding the company said it still expects the second half of the year to improve against the first half but a lot depends on the timing of any new contracts starcom said it has been affected by the current supplychain issues which has delayed some orders for customers these delays affect cash flow projections but the company is working to mitigate this as much as possible it said adding that the new funds will go toward boosting its working capital

shares of canadian national railway co cnr inched 047 higher to c16163 tuesday in what proved to be an otherwise allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 048 to 2064857 canadian national railway co closed c703 below its 52week high c16866 which the company reached on october 25th trading volume of 11 m shares eclipsed its 50day average volume of 10 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the uslisted shares of yamana gold inc auy yri soared 153 in premarket trading tuesday after the canadabased gold and silver miner announced an agreement to be acquired by gold fields ltd gfi in a stock deal that values yamana at about 67 billion under terms of the deal all yamana shares will be exchanged for 06 gold field shares which based on fridays closing prices would value yamanas stock at 732 each a 416 premium gold fields stock slumped 126 in premarket trading the companies are targeting synergies of about 40 million per year from the deal which is expected to close in the second half of 2022 yamanas highquality asset base in the americas and strong development and exploration pipeline will further diversify the geography of our portfolio creating a top4 global gold major well positioned to deliver longterm value creation said gold fields chief executive chris griffith yamanas stock has rallied 225 year to date through friday and gold fields shares have climbed 110 while gold futures gc00 have gained 13 and the sp 500 spx has shed 128

snowflake stock received a boost wednesday from barclays analyst raimo lenschow who raised his rating on the fastgrowing cloudbased data analytics company to overweight from equal weight the call on snowflake ticker snow is part of a broad look at enterprisesoftware companies for 2022 lenchow calls out salesforcecom crm as his top pick for the new year

shares of becton dickinson co bdx slid 282 to 25678 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 432 to 393269 and dow jones industrial average djia falling 394 to 3110497 the stocks fall snapped a fourday winning streak becton dickinson co closed 2051 below its 52week high 27729 which the company achieved on april 8th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as thermo fisher scientific inc tmo fell 334 to 55982 intuitive surgical inc isrg fell 478 to 21140 and baxter international inc bax fell 276 to 5813 trading volume 10 m eclipsed its 50day average volume of 866800 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

scotts miraclegro swung to a loss and eliminated 200 jobs at its hawthorne cannabis grow unit but it beat wall street’s sales target and said it will raise prices to boost its business scotts miraclegro continues to evaluate whether to split off its hawthorne unit but said it’s not in any hurry to reach a decision the business reported a 38 drop in sales to 191 million in the first quarter scotts stock smg fell 15 tuesday and has dropped 345 over the past year the sp 500 index spx is up 213 for the last 12 months asked by analysts about the potential spinoff scotts miraclegro ceo jim hagedorn said the company is weighing the benefits of cost savings and contributions from hawthorne’s management team against the unit’s appeal to investors seeking a standalone cannabis company he said the company could also maintain a minority position in hawthorne as another potential path “we’ll create the most valuable pure cannabis play in the world” hagedorn said “the value creation of creating an entity that we’re talking about here more than offsets the relatively minor dissynergies that would happen” the company’s move into the cannabis market will become more clear in coming weeks he said last august scotts miraclegro made an initial investment of 150 million in the form of a sixyear convertible note issued to the company by riv capital inc cnpof riv and created the hawthorne collective as a vehicle to invest in the cannabis industry separately scotts miraclegro said it would spend about 200 million on acquisitions in its current fiscal year it plans to repurchase 50 million in stock in the second quarter down from 125 million in the first quarter scotts miraclegro smg said it lost 50 million or 90 cents per share in its fiscal first quarter after posting net income of 244 million or 43 cents per share last year its adjusted loss of 88 cents was wider than the consensus of 73 cents a share firstquarter sales of 566 million fell from 7486 million in the yearago period and beat the consensus for 5612 million cfo cory miller said material costs came in ahead of its original estimates but it’s planning to raise prices in a move that should keep the company on track to cover increased commodity costs on a fullyear basis “we have been encouraged in recent weeks to see a decline in several key raw material inputs which seeds a level of cautious optimism that the pressure we’ve been dealing with for the past year may finally be easing” miller said the company said the job reductions at hawthorne will come as it closes one facility to move operations to santa rosa calif the company will take a 5 million restructuring charge and prices of some led lighting fixtures are expected to fall as a result scotts increased its fullyear sales outlook to a range of up 2 to down 2 compared with previous guidance for a range of flat to down 4 the factset consensus is for sales of 4797 billion suggesting a 26 decline raymond james analyst joseph altobello said scotts miraclegro’s results came in mostly as expected after the company issued a warning in early january “sales of hydroponics products have suffered from an oversupply of cannabis in a handful of key markets while hawthorne also experienced supply chain disruptions in the quarter” he said “we concur with management’s view that this is likely to be shortterm in nature largely due to the perishable nature of the product with growth for the segment expected to resume in 2h” in its core garden business scotts miraclegro said it continues to track lifestyle choices for millennials and said it remains confident that the market will absorb higher prices marketwatch news editor and retail reporter tonya garcia contributed to this report

shares of pioneer natural resources co pxd inched 086 higher to 24145 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 119 to 401981 and the dow jones industrial average djia rising 076 to 3362956 this was the stocks third consecutive day of gains pioneer natural resources co closed 4701 below its 52week high 28846 which the company reached on may 31st the stock demonstrated a mixed performance when compared to some of its competitors monday as eog resources inc eog rose 108 to 13418 devon energy corp dvn rose 156 to 6576 and occidental petroleum corp oxy fell 061 to 6650 trading volume 12 m remained 836995 below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

an economic index that measures us business cycles fell again in may marking the 14th consecutive month of declines the conference board said thursday its leading economic index slipped 07 to 1067 in may after decreasing by 06 in april showing that its underlying components deteriorated economists polled by the wall street journal expected the index to fall by 07 the data signals weaker economic activity ahead said justyna zabinskala monica the conference boards senior manager of business cycle indicators rising interest rates paired with persistent inflation will continue to further dampen economic activity she said the recession likely will be due to continued tightness in monetary policy and lower government spending the leading economic index is a predictive variable that anticipates turning points in the business cycle by around seven months the indicator is based on 10 components among them initial claims for unemployment insurance manufacturers new orders building permits of new private housing units stock prices and consumers expectations it is intended to signal swings in the business cycle the coincident economic indexa measure of current economic activityincreased 02 to 1102 in may while the lagging economic index rose by 01 to 1184 the conference board said write to will feuer at willfeuerwsjcom

shares of transdigm group inc tdg advanced 115 to 63877 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 022 to 412873 and dow jones industrial average djia falling 047 to 3290959 the stocks rise snapped a fourday losing streak transdigm group inc closed 4729 short of its 52week high 68606 which the company achieved on november 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as boeing co ba rose 069 to 16007 and woodward inc wwd rose 137 to 9854 trading volume 302271 eclipsed its 50day average volume of 300844 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 bond yields were slightly higher early tuesday as traders eyed the release of the march employment data due friday a calm tone across global markets was reducing demand for government paper early on tuesday nudging up yields traders were eyeing us jobs data due in coming sessions aware of the impact they may have on the federal reserve’s rate decision in a month’s time the adp private sector payrolls report is due on on wednesday and the us labor department employment survey on friday when the us bond market will be open only for a half day markets are pricing in a 60 probability that the federal reserve will raise its policy interest rate by another 25 basis points to a range of 50 to 525 after its meeting on may 3rd according to the cme fedwatch tool the central bank is expected to keep its fed funds rate around that level until perhaps september when it may begin trimming borrowing costs again according to 30day fed funds futures us economic updates set for release on tuesday include factory orders and job openings both for february and both released at 10 am eastern cleveland fed president mester is due to make comments at 6 pm australia’s 10year bond yield tmbmkau10y was down 64 basis points to 3267 after the country’s central bank left interest rates unchanged at 36 halting a string of 10 consecutive hikes what are analysts saying stephen innes managing partner at spi asset management noted that recent fed speakers had mostly pushed back against the idea that banking sector stresses would automatically impact interest rate policy “fed officials mostly reiterated the critical messages from chair powell at the march fomc meeting the banking system remains sound and resilient and tightening credit conditions would likely substitute for some rate hikes however the extent was still highly uncertain” said innes “on market stress fed officials also discussed how banking stress could impact the economic outlook and future policy minneapolis fed president kashkari and boston fed president collins saw the banking stress as raising the recession risks meanwhile st louis fed president bullard remained optimistic that a recession could be avoided and that macroprudential tools could deal with financial stresses while monetary policy focuses on containing inflation” “bullard noted that he lifted his rate projection for 2023 to 5625 while collins revealed that her dot was around the median of the march sep she sounded more hawkish by noting that additional tightening will be needed a contrast to the word ‘may’ used in the march meeting statement” innes added

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shares of persimmon plc psn inched down 076 to £1428 tuesday on what proved to be an allaround rough trading session for the stock market with the ftse 100 index ukx falling 012 to 785103 persimmon plc closed £1169 below its 52week high £2596 which the company achieved on january 20 trading volume 942702 remained 320317 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

what is a value stock a value stock is traditionally defined in terms of how investors in the marketplace are valuing that companys future growth prospects low pe multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock the following stocks are considered to be notable value stocks in the healthcare sector tivity health saw a decrease in earnings per share from 042 in q3 to 03 now this quarter quest diagnostics experienced a decrease in earnings per share which was 396 in q3 and is now 333 most recently the company reported a dividend yield of 194 which has increased by 026 from last quarters yield of 168 xtant medical holdings has reported q3 earnings per share at 002 which has decreased by 1000 compared to q2 which was 001 timber pharmaceuticals has been featured as a value stock timber pharmaceuticalss q3 eps sits at 008 which has not changed since last quarter q2 ironwood pharmaceuticals has reported q4 earnings per share at 027 which has decreased by 1818 compared to q3 which was 033 the significance a value stock may need some time to rebound from its undervalued position the risk of investing in a value stock is that this emergence may never materialize

shares of pnc financial services group inc pnc inched 093 higher to 16266 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 039 to 394994 and dow jones industrial average djia falling 013 to 3370028 this was the stocks second consecutive day of gains pnc financial services group inc closed 6548 short of its 52week high 22814 which the company reached on january 13th the stock outperformed some of its competitors monday as jpmorgan chase co jpm fell 059 to 13305 wells fargo co wfc rose 073 to 4684 and fifth third bancorp fitb rose 051 to 3581 trading volume 14 m remained 723254 below its 50day average volume of 21 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

daseke incs shares jumped friday after the transportationsolutions company announced plans for a 40 million sharebuyback program in morning trading the stock was 11 higher at 541 narrowing the drop so far this year to 46 daseke said its board approved a repurchase program that it plans to fund with cash on hand the shares may be bought from time to time in openmarket transactions at prevailing market prices or via other means it said

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hugo boss ag ended the year on a high note as topline growth continued to drive earnings in the fourth quarter and helped the company finish ahead of expectations the german premiumapparel company said tuesday that sales rose 31 in 2022 or 27 at constant currency to 365 billion euros 395 billion while earnings before interest and taxes rose 47 on year to eur335 million this beat analysts forecasts for sales of eur362 billion and ebit of eur331 million according to estimates compiled by factset the results also beat company guidance lifted in november for sales growth of 2530 to at most eur36 billion and for ebit growth of 3545 according to the preliminary figures sales in the years final quarter rose 15 to eur107 billion chief executive daniel grieder pointed to continued success from investment in brand campaigns and marketing driving demand and topline growth the company will set out full 2022 results and guidance for 2023 at an update on march 9

new york june 27 reuters bank of america corp bacn is adding consumer branches in four new us states it said on tuesday bringing its national footprint closer to rival jpmorgan chase co jpmn bank of america will open new financial centers in nebraska wisconsin alabama and louisiana as part of a fouryear expansion across nine markets including louisville milwaukee and new orleans the openings will give bofa a retail presence in 39 states compared with jpmorgan the largest us lender which has branches in 49 states the two banks have been buoyed by resilient consumers and small businesses while bringing in more income from clients interest payments as the federal reserve raised borrowing costs consumer banking accounted for 38 of bofas net income in the first quarter the new branches aim to bring its services which include banking lending and brokerage under one roof by expanding our capabilities in these markets we are able to better serve clients and help drive local community growth ceo brian moynihan said in a statement bofas network has shrunk to 3800 branches from 6100 in the last decade while its consumer deposits have almost doubled to 1 trillion it is renovating locations with larger waiting areas office spaces for client meetings and less prominent teller windows that corresponds to a 50 decline in foot traffic for transactions from 2019 versus a 90 surge in appointments we have put in place almost 30000 bankers and specialists that help clients every day with their life priorities aron levine its president of preferred banking told reuters holly oneill bank of americas president of retail banking said last month that she expects good performance for the unit in the second quarter the company will report results on july 18

shares of marketaxess holdings inc mktx slid 023 to 33759 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 041 to 409195 and dow jones industrial average djia falling 011 to 3364650 marketaxess holdings inc closed 6219 short of its 52week high 39978 which the company reached on april 4th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as blackstone inc bx fell 095 to 8261 morgan stanley ms rose 045 to 8547 and charles schwab corp schw rose 041 to 5192 trading volume 365087 remained 3610 below its 50day average volume of 368697 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 comerica inc cma inched 011 higher to 6359 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 010 to 382162 and the dow jones industrial average djia rising 028 to 3284974 comerica inc closed 3850 short of its 52week high 10209 which the company reached on february 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as ubs group ag ubs rose 090 to 1803 svb financial group sivb rose 098 to 21246 and citizens financial group inc cfg fell 039 to 3805 trading volume 15 m remained 226887 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

ford motor thirdquarter results come wednesday evening they won’t meet the wall street consensus more important is what the us consumer will do in 2023 wall street is looking for operating profit of 18 billion from 364 billion in sales that profit estimate is too high but ford already told investors as much

question about two years ago i became permanently disabled and unable to work at the age of 39 due to a car accident i got 400000 from a legal settlement which doesn’t come close to making up for my future lost wages luckily we’ve reconfigured our lives so we can live off my husband’s salary i want to invest the settlement to be used in retirement or in case god forbid something happens with my marriage the money is currently in a money market account and i’m putting 500 a month into a roth ira how would you recommend investing the rest what percent should i put in the stock market and what percent in cds or bonds or other vehicles for what i put in the market should i invest the money slowly over months to take advantage of market fluctuations or should i not worry about that since i hopefully won’t have to withdraw the money for 20 years answer first let’s focus on what you’re already doing right “you’ve made a wise choice of adjusting your lifestyle to live off your husband’s salary this allows you to invest the settlement in a way that provides for more longterm growth if you needed this money to live on now you’d have to sacrifice this growth for more stability” says rj weiss founder of the financial site the ways to wealth pros also praise how you’re tackling your ira “the dollarcost averaging strategy you’re taking of contributing 500 per month is outstanding because you don’t have to worry about trying to time the market” says marguerita cheng founder and ceo at blue ocean global wealth looking for a new financial adviser you can get matched with a financial adviser who might meet your needs here so now let’s tackle your questions as for how you choose to invest that depends on what you’re aiming to accomplish says sheri hensrud vice president of risk and analytics at riskalyze “if you’re more comfortable with a gradual investing strategy you should create a plan where the goal is to be fully invested in your target portfolio within three to six months allowing for some dollarcost averaging without sitting on the sidelines for an extended period of time” says hensrud but how exactly do you choose your investments first up pros say this is a very important step “the mix of stocks bonds and cash you hold is one of the most important if not the most important” says weiss have an investing question you want a panel of advisers to answer email it to picksmarketwatchcom both bond and equity allocations should be well diversified and equity allocation should include all market capitalizations and both domestic and international securities says hensrud cheng also recommends a diversified portfolio of stocks and bonds she recommends considering domestic and international as well as growth and value stocks “among domestic stocks make sure your investment allocation includes large cap mid cap and small cap” says cheng for bonds “be sure to include domestic and international growth and value” she says and hensrud notes “the fixedincome allocation should include shortterm and intermediateterm bonds investment grade and highyield and possibly a commodities security to provide an inflation hedge” looking for a new financial adviser you can get matched with a financial adviser who might meet your needs here consider too your willingness to take risk as well as age goals and net worth says hensrud “based on the limited information provided it seems your risk number may be on the lower side this would indicate a target asset allocation that has a larger weight to securities such as bonds cds and money market or cash” says hensrud her recommendation is that you may want to put about 65 of your money into fixed income intermediateterm bonds at 35 shortterm bonds at 20 highyield bonds at 5 and cash at 5 and 35 into equities largecap equities at 20 international equities at 10 midcap equities at 3 and small cap equities at 2 as for that ira investment cheng says for simplicity’s sake you may want to consider a targetdate fund an agebased retirement investment that takes on more risk earlier and becomes more conservative over time or a balanced fund you should also consider how large of an emergency fund you want to set aside “with one income supporting both of you you want to make sure you can handle the common setbacks like a job loss or the cost of hitting your deductible” says weiss emergency savings or funds that you’ll need in the short term should be placed in an account that is easily accessible without penalties or tax consequences says certified financial planner luis rosa “since the primary goal is accessibility and safety of principal it’s okay to trade a low interest rate for that” says rosa

ecolabs profit rose in the second quarter as the company continued to benefit from price hikes heres what you need to know profit the water hygiene and infectionprevention services company posted a profit of 3297 million compared with 3083 million a year earlier analysts polled by factset expected profit of 341 million adjusted earnings stripping out certain onetime items the st paul minnbased company posted adjusted pershare earnings of 115 analysts polled by factset expected 121 a share revenue ecolabs revenue rose 8 to 385 billion roughly in line with analysts estimates according to factset pricing chief executive christophe beck said that the yearoveryear rate of price hikes began to slow but pricing power remained strong in the quarter the company said though that those continued price hikes werent causing pullback as volumes remained steady margins the company said that its margin recovery continued with value pricing and productivity being the drivers ecolab has said it wants to continue improving its margins throughout the year as the benefit of inflationrelated price hikes subside outlook ecolab said it expects thirdquarter adjusted earnings per share of 145 to 155 analysts expect pershare earnings of 147 according to factset the company forecast strong earnings and sales growth for the rest of 2023

shares of nutrien ltd ntr advanced 239 to c11087 tuesday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 028 to 2027741 nutrien ltd closed c3706 below its 52week high c14793 which the company reached on april 18th trading volume of 11 m shares remained 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

shares of ralph lauren corp cl a rl inched 070 higher to 11278 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 094 to 419805 and the dow jones industrial average djia rising 034 to 3353591 this was the stocks second consecutive day of gains ralph lauren corp cl a closed 1616 below its 52week high 12894 which the company achieved on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors thursday as vf corp vfc rose 044 to 2077 tapestry inc tpr rose 157 to 4413 and levi strauss co cl a levi rose 022 to 1338 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 in toronto resumed their downward trend and fell in midday trading on thursday building on the sharp decline seen in the previous session stocks in the technology sector were the major laggards followed by consumer services and consumer discretionary shares this was partially offset by outsize gains in consumer durables health technology and energy at midday canadas sptsx composite index retreated by 046 to 2012613 the bluechip sptsx 60 fell by 054 to 120518 lightspeed commerce shares bucked the trend in technology by rising 54 to 2279 canadian dollars 1707 after it reported a narrower loss in its fiscal first quarter thanks to higher transaction volume and betterthanexpected revenue growth the company said it expects higher revenue in its second quarter snclavalin groups shares rose 68 to c4045 after the projectmanagement and professionalservices company reported a sharp rise in secondquarter earnings thanks to strong demand and said its order backlog remained solid shares of ballard power systems advanced 91 to c650 after it said a preliminary agreement had been reached with ford trucks to supply a fuel cell system for its hydrogenpowered vehicle prototype canada gooses stock declined 44 to c2188 after reporting a wider loss in its fiscal first quarter despite betterthanexpected revenue growth driven by higher retail sales in north america and asia bombardiers stock fell 84 to c6187 after it reported a narrower loss and revenue that met expectations for the second quarter

us stocks are set for a lower open on monday on sunday night dow jones industrial average futures fell 150 points or 05 while sp 500 futures sank 07 and nasdaq100 futures tumbled 11 us stock markets and others worldwide were closed friday to finish a trading week shortened by good friday and other holidays the dow industrials fell 26989 points or 08 to 3445123 last week the sp 500 lost 9569 points or 21 to 439259 the technologyfocused nasdaq composite dropped 35992 points or 26 to 1335108 japanese stocks were lower dragged by weakness in food and tech stocks as uncertainty continues about higher costs for borrowing and raw materials food company ajinomoto was down 27 and chiptesting equipment maker advantest was 17 lower investors remain focused on the war in ukraine covid19 lockdowns in china and their implications for global trade ahead of the earnings season set to start later this week the nikkei stock average was down 12 at 2676801 south koreas kospi was 01 lower at 269396 in early trade as financial and tech stocks retreat the war in ukraine covid19 lockdowns in china and inflation fears continued to sap investors appetite for riskier assets such as local equities foreign and institutional investors were net sellers usdkrw is higher at 123110 versus fridays seoul close of 122960 kb financial group shed 08 while internet group kakao corp lost 07 index heavyweight samsung electronics was 03 higher chinese stocks were mixed amid concerns over the countrys ongoing lockdowns the shanghai composite index fell 10 to 317842 the shenzhen composite index was up 01 at 201519 and the chinext price index was 02 higher at 246579 auto stocks declined with byd co slipping 21 and saic motor off 05 the smallerthanexpected move from the pboc last week to cut the reserve requirement ratio for most banks by 25 basis point may put a cap on upside in the near term ig market strategist yeap jun rong said in a note markets in hong kong are closed monday for a holiday usdjpy was likely to rise this week as higher commodity prices raise the prospects of japans worsening current account ig market analyst junichi ishikawa said in a note any comments from fed officials supporting aggressive tightening in a bid to control inflation may also drive usdjpy higher ishikawa said the g20 meeting among finance ministers scheduled for wednesday would be closely watched he said usdjpy was at 12660 after rising to 12678 earlier its highest level since may 2002 compared with 12645 late friday in north america the malaysian ringgit was expected to remain weak against the us dollar this week but the downside risk was likely to be limited given positive prospects for the economy kenanga research said in a note the greenback was expected to stay strong against the ringgit amid heightened geopolitical concerns kenanga said on top of a strengthening us dollar the ringgit also faced pressure from chinas stringent zerocovid19 policy and volatile crude oil prices the research house said it expected the usdmyr pair to remain above 42300 but any weakness should be limited near 42400 usdmyr was 01 higher at 42390 gold was higher in early asian trading with concerns of elevated us inflation driving demand for the safehaven asset dailyfxcom analyst thomas westwater said in a note however while inflation is at more than 40year highs forward expectations are beginning to ease this will likely weigh on bullion prices he said central banks making moves to tighten monetary policy and raising interest rates were also bearish for gold given it is a noninterestbearing asset westwater added spot gold was 06 higher at 198549 a troy ounce oil prices were higher in early asian trade with weak crude production from opec supporting prices oanda market analyst ed moya said in a note although the ieas oilreserve release was weighing on sentiment moya said this already looked priced in so that leaves the risks heavily tilted to the upside as opec remainsunable to hit the quotas it had earlier set that could leave brent prices ranging between 100 and 120 for now with wti more like 95115 he added frontmonth brent was 13 higher at 11318bbl and wti was 09 higher at 10794bbl

shares of jacobs engineering group inc j rose 223 to 12713 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 088 to 378538 and dow jones industrial average djia falling 082 to 3077543 the stocks rise snapped a twoday losing streak jacobs engineering group inc closed 2319 below its 52week high 15032 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors thursday as quanta services inc pwr rose 473 to 12534 aecom acm rose 165 to 6522 and bwx technologies inc bwxt rose 293 to 5509 trading volume 777502 eclipsed its 50day average volume of 668538 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

cathie woodled ark investment management bought more tesla inc tsla shares valued at over 228 million based on monday’s closing price through the company’s ark autonomous tech robotics etf arkq tesla is the top holding of the fund with a weight of 994 valued at over 89 million this is the second time wood has purchased tesla shares this month as the ev makers shares continue to fall down 79 in five sessions and about 235 in a month ark loaded up over 66000 shares of the ev maker at an estimated valuation of over 13 million on oct 20 via the company’s flagship ark innovation etf arkk when the elon muskled companys shares slumped 66 to close at 20728 after its revenue came in lower than wall street expectations case for tesla ark has made a strong case for tesla stating in its newsletter that fears of declining demand for its vehicles are misplaced “if anything tesla is supplyconstrained at current price points and a 30000 vehicle could expand demand tenfold we would not be surprised if tesla’s nextgeneration vehicle is the cyber robotaxi” said sam korus director of research autonomous technology robotics at ark korus also explained how the addressable market of tesla will expand “last week during its thirdquarter earnings call elon musk noted that tesla is developing a vehicle that will sell at roughly half the price of the model 3 and model y while vehicles at pricepoints above 60000 address 5 of the total us car market the addressable market expands to 50 at 30000 as shown below” korus said price action tesla shares closed 15 lower at 21125 on monday and fell another 116 in the afterhours session read next cathie woods funds deliver mixed q3 results ark founders shares take on zoom roku teladoc and blockchain

in the us futures for the sp 500 were up 01 and futures for the dow jones industrial average were flat changes in futures do not necessarily predict movements after the opening bell in europe the stoxx europe 600 gained 02 in morning trading cd projekt added 7 and raiffeisen bank intl rose 48 on the other hand orpea dropped 42 and sartorius stedim biotech fell 41 the ftse 100 added 02 other stocks in europe were up as frances cac 40 increased 03 and germanys dax climbed 02 in commodities brent crude dropped 02 to 7845 a barrel and wti crude fell 01 to 7432 a barrel the german 10year bund yield declined by 07 basis points to 2367 from 2374 and the yield on the 10year us treasury climbed by 09 basis points to 3561 from 3553 bond prices and yields move in opposite directions stocks in asia were up as japans nikkei 225 index grew 09 and hong kongs hang seng grew 09 chinas benchmark shanghai composite grew 04 this article was automatically generated by marketwatch

national grid plc ng shares advanced 137 to £1070 monday on what proved to be an allaround favorable trading session for the stock market with the ftse 100 index ukx rising 072 to 793511 national grid plc closed £201 below its 52week high £1271 which the company reached on may 18 trading volume 34 m remained 39 million below its 50day average volume of 73 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of transdigm group inc tdg inched 033 higher to 60950 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 003 to 452409 and the dow jones industrial average djia falling 014 to 3531253 this was the stocks second consecutive day of gains transdigm group inc closed 7853 short of its 52week high 68803 which the company reached on june 24th 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

would you be investing in some of this pullbacks well there is the economic pullback perhaps a soft landing or even the market lows that weve seen yeah i would absolutely be investing i dont think that were going to have a massive recession upon us you know theres a lot of data that indicates that corporate america and you know the macroeconomic environment is holding up pretty well so although you have pmi flight you know sliding a little bit you have consumer spending going down a little bit and you have you know estimates that have kind of fallen and come back throughout the year we have a lot of different information as well so earnings for example have been positive the last four earnings seasons we expected a pullback and that actually didnt happen at all we have companies growing increasing their outlooks you know the nasdaq is out for its best performance since the 1990s so i do think on these pullback days id like to get into some of the stocks that are poised to run in the future and thatll be around innovation technology and thats really where im looking to invest morgan soundly though today coming out with a sudden pullback in corporate earnings anticipated by their strategist saying that they could see an e ps for the s p 500 set to drop about 16 percent this year so we have some of those calls that are warning about how well these companies are doing though yeah i mean theres definitely a lot of disagreement in the market about where you know where were going to end up and its sort of a tough debate to have i think though if we look at last year we are undoubtedly in a bear market and across broad indices and this year we are starting to see things sort of turn around so its difficult for me to believe that were going to have a massive pullback in earnings only because again the consumer is decently strong the fed is coming to the end of a rate hike cycle you have technology that is now reverend revolutionized you know corporations allow them to cut spending allow them to run sort of leaner and meaner and you know all of that kind of bodes fairly well for not seeing a massive pullback i think an earnings are in the market or in the economy sylvia weve had a lot of discussion in the past few days post the debt deal about the amount of issuance of t bills that were going to see do you have any concerns about how much liquidity this is going to soak up yeah you know i do think that the overall issue of liquidity in the markets is something that will be on the mind of investors so what weve seen is a lot of kind of fear and risk in the market this year particularly around some of the banking issues particularly around investors just pulling money out of the market and sort of sitting on the sidelines not looking to invest in the market so anything that this sort of government or the fed does now that can kind of you know risk liquidity in the system i think is is something that will probably keep us in a range bound mode until we see where it all lands including the feds final decision on rates i just wanna get your thoughts as well on the big i inspired rally that we have seen what defines etf obviously you do you have an etf that would play the i play really well so we do we actually have a few of them so when we first started our company we were thinking about this years ago and we were thinking about you know what artificial intelligence and machine learning will shake out to be and we look at it from two different sides one side is the technology side so you have quantum which invests in a ise stocks machine learning and think about supercomputing speed to essentially power ai and then on the other side of it we thought about you know communications you essentially have to have that little wait and see that connectivity in order for ai to work in order for robots to communicate with people and things like this so were very much invested in the ai revolution we dont think its a trend or a fad its actually been around for a long time but now youre finally starting to see it and hear about it in you know earnings season on you know bottom line numbers revenues are coming in you know look at marvel for example in the video this is here to stay weve seen this huge rotation into tech giants already so do they still have room to run or could we be looking at smaller names that perhaps could see more upside in the future yeah and thats a great point and so i think a lot of the larger names have had a good run but as weve talked about the market pulls back a little bit when you get weaker data so some of the big names today you get those two to three percent pullbacks on the video you know maybe you want to get in there but on the smaller names i think its really good to look at actually baskets and etf in that case because you will have small winners you will have small companies chip companies that will power ai and innovation but its really hard to pick those winners particularly when rates are high and they have a whole lot of debt not balance sheet so you want to combine them microsoft the google the nvidia the nmd with some of those smaller names that are kind of out there whether its like a pound here or a snowflake theyre kind of becoming more sizable but some of those smaller and newer players in the spaces do you like in the overseas tech names because you mentioned the higher rates thats a risk for the sector what about also geopolitical tensions in this tech rivalry and the divergence not only between the us and china but also when it comes to regulatory backdrops with europe as well yes so i think that in terms of how that can impact the bottom line of specific us companies that have you know high amounts of concentration in manufacturing but if you if you sort of take it apart i like global baskets that also represent the top players in china for example in the semiconductor space in the communications space in the graphics space because they are actually an absolute key to powering ai innovation and machine learning so you know global basket i think makes a lot of sense so i do like those names as well

denial runs deep when it comes to money and retirement older adults are working longer but at first blush they contend they are working because they want to only when pressed do they admit they need the money that’s according to a study by voya cares a program of voya financial inc that provides resources and advocacy for disability inclusion and easterseals one of the nation’s leading disability and community services providers the study asked socalled employment extenders about their key reasons for working past traditional retirement ages the majority said they continued to work because they either can or want to “most of these career extenders don’t have enough savings i think it could be denial they’re not facing the reality of the situation” said jessica tuman vice president of voya cares and voya financial’s esg practice centers of excellence less than half 43 of those surveyed initially said they are working because they need money to cover expenses now or in retirement delving further into their financial motivations nearly all 92 indicated they need or want more money for retirement the bureau of labor statistics estimates that over the next decade the labor market will continue to age with the greatest growth coming from workers aged 55 and over continued growth is expected in the workforce participation rate of those past traditional retirement years of ages 65 to 74 about 32 of those in this age group are expected to be working in 2030 up from 27 in 2020 and 19 in 2000 most of this fastestgrowing segment of the labor market—employment extenders—indicate they have not saved enough for retirement read the number of older americans is growing and many states are unprepared as many as 60 said they have less than 500000 in savings including all investments savings accounts pension plandefinedbenefit plans employersponsored retirement plans and iras or roth iras and threein10 admit to less than 100000 in savings the research found when asked how much they agree with the statement “i am confident that i will have enough money saved to live comfortably in retirement” only 22 strongly agreed the research showed tuman also pointed out that adults over 62 have the largest increase in student loan debt as they take on children and grandchildren’s loan obligations “it’s unfathomable that this group has this burden” tuman said what is particularly alarming is that most are not planning for the possibility that they may be physically unable to work or have a loved one who needs ongoing medical care even though both these circumstances have high probabilities tuman said despite the fact that 40 of adults aged 65 years and older are living with a disability today just a third 36 are planning that they might not be physically able to work as long as they want and only 13 are thinking about not being mentally able to work as long as they want the survey found in addition becoming a caregiver may be in many people’s future but in few workers’ plans the survey found according to the centers for disease control and prevention about oneinfive americans provides regular care or assistance to a friend or family member with health issues or a disability about 25 of these caregivers are between ages 45 and 64 nearly 19 are 65 or older only a quarter of employment extenders are planning for the possibility of providing care or support for a partner or for a loved one the survey found “there’s a lack of planning around caregiving it’s a huge issue whether it’s for ourselves our children or aging parents” tuman said and the cost of care is significant with the average cost of a home health aide topping 5000 a month in 2021 adult daycare close to 1700 per month an apartment in an assisted living facility 4500 and a private room in a skilled nursing facility was over 9000 per month the study said having enough income to cover their needs if they become disabled will be difficult for many the survey found nearly 90 expect to use social security as a source of income with just over half having retirement accounts to supplement that employers could be better talking to older workers about transitions into retirement social security drawdown strategies transitioning from work health insurance into medicare or using health savings accounts tuman said “companies are not focused on extenders i don’t think workplaces are really prepared for the older working population” tuman said “employers can do much better”

shares of advance auto parts inc aap inched 052 higher to 22957 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 178 to 464923 and the dow jones industrial average djia rising 160 to 3549270 the stocks rise snapped a twoday losing streak advance auto parts inc closed 1348 short of its 52week high 24305 which the company reached on november 15th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as oreilly automotive inc orly rose 032 to 67472 autozone inc azo fell 020 to 199037 and genuine parts co gpc rose 228 to 13435 trading volume 496275 remained 160952 below its 50day average volume of 657227 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

with the exception of the drop in the dow because of how it is weighted and causing it to suffer due to a couple of high priced stocks having off weeks markets were largely unchanged last week with earnings season picking up this week and more than eighty of the sp 500 companies expected to report this week could look markedly different we’re also expecting some economic data ahead of next week’s fomc meeting which has the potential to make the next couple of weeks interesting on the economic front later this week we will get data on new home sales pending home sales and personal spending at the same time the fed has entered into what is known as a blackout period during this time no member of the fed can speak publicly issue press releases or make trades therefore markets will be left to speculate as to what will happen when the fed meets next week as of now markets are placing a 998 probability on a quarter point rate hike with expectations that high we can look at it one of two ways first we can simply assume a quarter point increase is a done deal and begin wondering what will happen in march when they meet next or we can also look at it as any surprise economic developments could shock markets and change what the fed is expected to do however with little economic news between now and the meeting i would think the former is the more likely scenario with one potential exception the debt ceiling situation continues to hang over markets as washington attempts to work this out last week janet yellen said the us treasury would being taking steps to make sure the government does not default on its debt obligations while the issue of the debt ceiling is nothing new it has become a greater distraction in recent years although the us has never defaulted on a payment the threat of that happening remains and it is something i am closely watching later this week we are going to get earnings reports from names such as microsoft boeing ibm tesla visa and mastercard amongst others i specifically called out these companies because i believe they offer a fairly wellrounded view of the economy from big companies employing thousands to companies with unique views into consumer spending in total those reports could lend themselves to a more volatile week for stocks and could explain why the vix continues to hover around 20 at the same time as earnings season is picking up steam we’re seeing a strong rally in the crypto space bitcoin has reached a fourmonth high as it flirts with 23000 this could be a sign that investors are looking for more speculative areas to place their money or it could be that markets are in the immortal words of bret michaels and poison looking for “something to believe in” since late last year the sp 500 has hovered in the roughly 3800 4000 range the nasdaq 100 has also traded sideways in the same timeframe meanwhile we’ve seen a rally in crypto and oil has begun creeping higher as well it total it gives the feeling of a market waiting on someone or something to take the lead and different assets are throwing their hat into the ring heading into monday’s session markets are relatively quiet however that could all change as traders begin positioning for earnings in addition to closely listening to what these companies have to say looking forward i’m also keeping my eye on what has been a weakening us dollar and rising prices in the metals such as gold and silver the rallies in the metals could be a sign of a market that is still worried about inflation as always i would stick with your investing plan and long term objectives tastytrade inc commentary for educational purposes only

shares of canadian national railway co cnr slipped 047 to c15536 monday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 006 to 2107232 the stocks fall snapped a twoday winning streak canadian national railway co closed c1330 short of its 52week high c16866 which the company achieved on october 25th trading volume of 517458 shares remained below its 50day average volume of 10 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the ice us dollar index jumped 08 to 10522 and headed for one of its highest levels since january during the first day of congressional testimony by federal reserve chairman jerome powell powell signaled the need for a higher ultimate level for interest rates than previously thought and a willingness to reup the pace of rate hikes if needed his comments sent the policysensitive 2year rate closer to 5 and lifted the dollar which moves in conjunction with the likely path of us interest rates relative to the rest of the world all three major us stock indexes were lower in latemorning trading

streaming is the future there’s no doubt about that but what does that future look like we’re still figuring that out and roku is clearly feeling the pains of that uncertainty the company which produces hardware people use to access their favorite streaming platforms reported fourthquarter earnings today and it was a mixed bag while roku continues to post prodigious growth it has slowed from second and third quarter of the year and revenue fell short of analyst expectations revenue rose 33 in fourth quarter to 8653 million short of the 38 analysts had projected it was also short of the heady 51 jump in third quarter and incredible 81 growth in second quarter roku was understandably eager to chalk that up to growing pains and not a sea change the message from the earnings call we know where we’re headed and customers are coming for the ride if they’re a bit slower to jump on “our scale is past 60 million active accounts and we remain focused on being the best and largest streaming platform the roku operating system is poised to gain further market share as tvs shift away from costly proprietary operating systems” said roku founder and ceo anthony wood during the earnings call in a letter to investors posted right before the earnings call wood and chief financial officer steve louden emphasized that streaming remains in its early days despite its huge growth in popularity over the past decade consumers are still navigating their choices for delivery method and roku is riding the ups and downs of those adjustments roku’s founding vision remains true all tv and all tv advertising will be streamed” reads the letter “almost every major media company is reorienting its business around streaming and has launched a flagship service spending billions on content and marketing to attract and retain subscribers at the same time with the significant gap that exists between viewership and ad budgets we are still in the early days of the secular shift to streaming” wood and louden also noted that supply issues have stymied consumers like in third quarter they said tv unit sales in fourth quarter dropped below precovid 2019 levels “some of our roku tv oem partners were hit particularly hard with inventory challenges which negatively impacted their unit sales figures and market share in q4” the letter said investors weren’t placated shares fell more than 10 in extended trading as the results came out sending it to its lowest position in more than 18 months the total active roku accounts increased by 17 from 512 million in 2020 during the call wood expressed confidence that advertisers want to reach that growing base “our ad platform is built for tv streaming we believe large traditional tv advertisers will continue to shift to roku for the targeting measurement optimization and superior roi that we provide” he said “and for digital first advertisers and small and medium businesses roku makes advertising on tv more accessible”

shares of bank of new york mellon corp bk slid 019 to 4168 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 110 to 398616 and dow jones industrial average djia falling 096 to 3179087 this was the stocks third consecutive day of losses bank of new york mellon corp closed 2295 short of its 52week high 6463 which the company reached on february 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as jpmorgan chase co jpm rose 002 to 11441 citigroup inc c fell 059 to 4908 and wells fargo co wfc rose 050 to 4414 trading volume 23 m remained 11 million below its 50day average volume of 34 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

new york june 7 reuters the former jpmorgan chase co jpmn executive accused of shepherding the banks relationship with jeffrey epstein formally denied involvement in the disgraced financiers sex trafficking and blamed jpmorgan for keeping him as a client in wednesday night filings in manhattan federal court jes staley said his dealings with epstein were not the proximate cause of any damages jpmorgan might incur in two lawsuits it faces over its work with epstein a client from 1998 to 2013 staley who has denied wrongdoing and expressed regret for befriending epstein said he did not know epstein would coerce young women and girls into having sex or that anyone under 18 would be pressured into sex he also said jpmorgan had unclean hands for its own faults in dealing with epstein and that the largest us bank waived at least some claims against him by keeping him on the payroll after learning of his alleged misconduct jpmorgan declined to comment on the filings epstein died in a manhattan jail in august 2019 at age 66 while awaiting trial on sex trafficking charges new york citys medical examiner called the death a suicide staleys denials were expected and contained in answers to new yorkbased jpmorgans effort to blame him for entangling it with epstein now 66 staley led jpmorgans asset management business from 2001 to 2009 and its investment bank from 2009 to 2013 he was also barclays plcs barcl chief executive from 2015 to 2021 jpmorgan faces a proposed class action by women who accused epstein of sexual abuse led by a former ballet dancer known as jane doe 1 and a lawsuit by the us virgin islands where epstein allegedly abused women on a private island he owned the bank also wants staley to forfeit his pay from 2006 to 2013 estimated in the tens of millions of dollars jane doe 1 has also alleged that one of epsteins friends sexually assaulted her jpmorgan later said staley was that friend staley has called that accusation baseless on may 24 us district judge jed rakoff in manhattan rejected staleys bid to dismiss jpmorgans complaints the judge has yet to explain his reasoning staley is expected to testify under oath in a june 10 deposition in a may 26 deposition jpmorgan chief executive jamie dimon said he had barely heard of epstein before the financiers july 2019 arrest dimon also repeatedly denied having spoken with staley about epstein a trial covering all of the lawsuits is scheduled for oct 23 the cases in the us district court southern district of new york are jane doe 1 v jpmorgan chase co no 2210019 government of the us virgin islands v jpmorgan chase bank na no 2210904 and jpmorgan chase bank na v staley in nos 2210019 and 2210904

international stocks trading in new york closed higher on friday the spbny mellon index of american depositary receipts edged up 23 to 13468 the european index moved up 23 to 12578 the asian index rose 21 to 16286 the latin american index gained 3 to 18880 while the emergingmarkets index advanced 22 to 28218 argo blockchain plc was among those whose adrs traded actively the cryptocurrency miner rose 14 after the company said it mined 235 bitcoin or bitcoin equivalents last month compared with 219 bitcoin or bitcoin equivalents in july it said in a filing with the securities and exchange commission novel cancer immunotherapy products developer adaptimmune therapeutics plc tumbled 59 despite issuing positive data from its signalfinding phase 1 surpass trial

att ‘s fourthquarter earnings beat wall street’s estimates a key metric for the wireless company also came in higher than expected for att ticker t the driver this earnings season is free cash flow the company reported 141 billion in cash flow for 2022 a smidgen higher than management’s prior guidance and the 138 billion estimate among analysts tracked by factset att set the 2023 forecast at 16 billion or more matching estimates of 162 billion wall street predictions for att’s this year’s cash flow are down nearly 20 from midlast year

shares of ingersoll rand inc ir slid 093 to 4377 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 038 to 373548 and dow jones industrial average djia falling 050 to 3036483 this was the stocks fifth consecutive day of losses ingersoll rand inc closed 1887 below its 52week high 6264 which the company achieved on january 3rd the stock demonstrated a mixed performance when compared to some of its competitors tuesday as otis worldwide corp otis fell 266 to 6921 parker hannifin corp ph fell 021 to 25263 and dover corp dov fell 077 to 12300 trading volume 30 m eclipsed its 50day average volume of 29 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of united rentals inc uri slipped 156 to 44163 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 020 to 444682 and dow jones industrial average djia falling 038 to 3428864 united rentals inc closed 4036 below its 52week high 48199 which the company achieved on march 6th the stock underperformed when compared to some of its competitors wednesday as herc holdings inc hri fell 147 to 13604 trading volume 839442 remained 120664 below its 50day average volume of 960106 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of palantir technologies inc pltr rallied 523 to 1890 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 178 to 464923 and the dow jones industrial average djia rising 160 to 3549270 palantir technologies inc closed 2610 short of its 52week high 4500 which the company reached on january 27th the stock outperformed some of its competitors tuesday as tyler technologies inc tyl rose 386 to 51936 cognizant technology solutions corp ctsh rose 276 to 8520 and verint systems inc vrnt rose 081 to 5078 trading volume 333 m remained 35 million below its 50day average volume of 368 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

glucose health inc a provider of soluble fiber infused nutritional beverages pulled its planned initial public offering on wednesday and said it no longer plans to list its stock at this time the company had originally filed for a deal in june of 2022 and had most recently updated the filing in january the renaissance ipo etf ipo has gained 32 in the year to date while the sp 500 spx has gained 14

shares of imperial oil ltd imo inched 077 higher to c3408 thursday in what proved to be an otherwise allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 018 to 2070527 the stocks rise snapped a threeday losing streak imperial oil ltd closed c828 short of its 52week high c4236 which the company reached on june 10th trading volume of 573267 shares remained 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

wall street stocks dropped thursday following strong us economic data that boosts the chances for more federal reserve interest rate hikes thursdays reports included releases from payroll firm adp estimating the us economy added 497000 jobs last month more than double the expected amount also a survey by the institute for supply management pointed to solid growth in the services sector in june again suggestive of a growing economy the adp figures in particular were clearly eye opening and a bit of a shock to markets said interactive brokers steve sosnick noting hopes that the feds earlier interest rate increases will bring down inflation the dow jones industrial average finished at 3392226 down 11 percent the broadbased sp 500 dropped 08 percent to 441159 while the techrich nasdaq composite index also declined 08 percent to 1367904 the yield on the 10year us treasury note seen as a proxy for fed expectations pushed above four percent as futures markets predict another rate increase at the july 26 meeting analysts have also noted that the market is primed for a pullback after a strong first half of 2023 among individual companies meta platforms slipped 08 percent after it launched threads a rival to twitter more than 30 million people downloaded the new app within the first few hours of its launch the companys ceo mark zuckerberg said ford dropped 24 percent as it reported a 10 percent rise in us auto sales to 531662 however analysts noted that ford suffered a fall in electric vehicle sales compared with the yearago period suggesting challenges in ramping up output of the newer vehicles

shares of hess corp hes inched 023 higher to 13386 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 045 to 439644 and the dow jones industrial average djia rising 080 to 3412242 this was the stocks second consecutive day of gains hess corp closed 2666 short of its 52week high 16052 which the company achieved on january 26th the stock underperformed when compared to some of its competitors thursday as exxon mobil corp xom rose 123 to 10670 and chevron corp cvx rose 085 to 15624 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 vodafone group plc vod inched down 010 to 7064 british pence monday on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 023 to 727379 vodafone group plc closed 6140 pence below its 52week high £132 which the company reached on july 20 trading volume 458 m remained 684 million below its 50day average volume of 1142 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 principal financial group inc pfg slipped 019 to 7898 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 019 to 430520 and the dow jones industrial average djia rising 071 to 3415201 this was the stocks second consecutive day of losses principal financial group inc closed 138 below its 52week high 8036 which the company achieved on february 10th the stock underperformed when compared to some of its competitors tuesday as aflac inc afl fell 012 to 6399 assurant inc aiz rose 178 to 17023 and aegon nv adr aeg rose 224 to 501 trading volume 18 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

todd waltz executive vice president and cfo at aemetis nasdaqamtx made a large insider sell on april 22 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on thursday showed that waltz sold 390379 shares of aemetis at prices ranging from 657 to 2083 the total transaction amounted to 5258041 waltz still owns a total of 167940 shares of aemetis worth 3446128 aemetis shares are trading up 312 at 2052 at the time of this writing on monday 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 aemetiss insider trades

shares of expedia group inc expe rose 377 to 10809 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 115 to 437841 and the dow jones industrial average djia rising 063 to 3392674 expedia group inc closed 1686 below its 52week high 12495 which the company achieved on february 2nd the stock outperformed some of its competitors tuesday as booking holdings inc bkng rose 323 to 270036 tripadvisor inc trip rose 266 to 1662 and makemytrip ltd mmyt rose 060 to 2694 trading volume 26 m remained 140226 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

ottawa feb 8 reuters the bank of canada hiked rates last month rather than leaving them unchanged because of labormarket tightness and strongerthanexpected growth according to minutes from the policysetting meeting released on wednesday the central bank which issued a socalled summary of governing council deliberations for the first time said a second rationale was the risk of inflation getting stuck somewhere above 2 for the period ending in 2024 data on both the labor market and economic activity suggested that there was more excess demand in the economy in the fourth quarter of 2022 than previously forecast the minutes said explaining the decision to raise rates on jan 25 the bank of canada hiked its key interest rate to 45 the highest level in 15 years and became the first major central bank to say it would likely hold off on further increases for now the council operates on a consensus basis and does not vote on policy decisions on tuesday governor tiff macklem said no further rate hikes would be needed if as expected the economy stalled and inflation fell inflation slowed to 63 in december still more than three times the central banks 2 target the minutes described what the central bank wanted to communicate when it announced a pause which it says is needed to gauge the effect of eight rate hikes in the past 11 months council wanted to convey that the bar for additional rate increases was now higher and to give a clear sense that they would need an accumulation of evidence to determine whether further rate increases would be required to return inflation to target the bank announced it would release minutes from its policy setting meetings late last year as it battled to restore credibility lost when inflation spiked to more than 8 the bank of canada had stood out from its peers including the us federal reserve the bank of england and the european central bank in not providing some form of record of their meetings the minutes divided into four sections covered policy meetings that began on jan 18 the last two sections speak directly to the considerations made ahead of the decision and the decision itself the first two sections provided an overview of the international and domestic economic context much of which was also in the monetary policy report mpr published on jan 25 however the members of the governing council discussed one risk to the us outlook not mentioned in the mpr which is the threat by republicans to potentially shut down government if president joe biden does not reduce federal spending the impending debt ceiling negotiations could be protracted and pose risks of financial volatility if an agreement were elusive the minutes said threequarters of all canada goods and services exports go to the united states

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shares of paychex inc payx slid 184 to 13594 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 214 to 413799 and dow jones industrial average djia falling 191 to 3306361 this was the stocks second consecutive day of losses paychex inc closed 598 below its 52week high 14192 which the company achieved on april 6th the stock demonstrated a mixed performance when compared to some of its competitors monday as intuit inc intu fell 384 to 44612 automatic data processing inc adp fell 132 to 25638 and equifax inc efx fell 046 to 20772 trading volume 13 m remained 397426 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

hioki ee corp shares rose sharply tuesday morning after the japanese maker of measuring instruments posted a 27 increase in firstquarter net profit thanks to strong demand in the battery and energy industries the shares were recently 80 higher at 9610 yen after rising as much as 10 earlier hioki said monday after market close that net profit climbed to y1635 billion 122 million in the first quarter of 2023 from y129 billion in the yearearlier period firstquarter revenue rose 21 to y1003 billion and orders received increased 90 to y1101 billion as demand remained strong for measuring instruments in the battery and energy sectors on the back of initiatives taken by governments around the world to cut carbon emissions hioki said the shortage of parts that had previously forced the company to suspend shipments of certain products has eased and it also increased production capacity at its headquarters in the central japanese prefecture of nagano the company maintained its annual earnings forecasts projecting revenue to rise 13 to y3890 billion and net profit to climb 14 to y608 billion in 2023

shares of telus corp t inched 020 higher to c2537 wednesday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 097 to 2007077 telus corp closed c540 below its 52week high c3077 which the company reached on august 19th trading volume of 12 m shares remained below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

feb 28 reuters gold prices rose more than 1 on monday and were set for their best monthly gain in nine after western countries slapped fresh sanctions on russia for invading ukraine and president vladimir putin put his countrys nuclear deterrent on high alert spot gold rose 12 to 190989 per ounce by 0124 gmt us gold futures climbed 11 to 190830 the metal rose as much as 22 earlier in the session to hover close to its september 2020 peak it has gained about 63 this month gold is often used as a hedge against inflation and as a means of preserving wealth during times of financial and political uncertainty the united states said putin was escalating the war with dangerous rhetoric amid signs that the biggest assault on a european state since world war two was not producing rapid victories but instead generating a farreaching and concerted western response read more in their strongest economic sanctions yet the united states and europe said on saturday they would banish big russian banks from the main global payments system swift and announced other measures to limit moscows use of a 630 billion war chest read more european nations and canada moved on sunday to shut their airspace to russian aircraft an unprecedented step aimed at pressuring putin to end his invasion of ukraine read more russias central bank on sunday said it would resume buying gold on the domestic market from feb 28 as it undertakes measures to try and ensure financial stability during western sanctions against moscow autocatalyst metal palladium jumped 59 to 250655 and was all set for a third consecutive monthly rise after reaching its highest level since july 2021 at 271118 last week spot silver was up 04 to 2428 per ounce platinum rose 07 to 106172 reporting by asha sistla in bengaluru editing by rashmi aich

shares in oriole resources plc rose in early trading on monday after it said the fare south prospect of its senala project in senegal has been estimated to contain a maiden inferred resource of 155000 gold ounces the aimlisted mining company said this resource estimate sits within a larger exploration target estimate of up to 280000 ounces for fare south recently reported drill results for fare north and fare far south arent included in these resource and exploration target estimates providing additional upside for senala oriole said shares at 0729 gmt were up 11 at 053 pence iamgold corp orioles jointventure partner has an option to earn a 70 interest in senala by way of spending up to 8 million on the project

heathrow the uk’s largest airport on monday apologized for bad service after struggling to cope with what it called 40 years of passenger growth in just four months the airport owned by spain’s ferrovial fer gave its latest traffic updates showing traffic through june surging 283 to 2607 million passengers including 6 million in june alone the airport operator detailed problems including long queue times bags arriving late or not all and delays for passengers with reduced mobility it said it had anticipated capacity recovering this sumer and by the end of july will have as many people working in security as it had before the pandemic heathrow also said that passengers should not arrive earlier than three hours before their flights heathrow has not been unique in struggling to keep up a surge in traffic right now the dutch government has stopped allowing airlines to sell tickets in a ban that won’t lift until aug 1 strikes have hit french and belgian airports and the german economic institute estimated 20 of security checkin and aircraft handling jobs there are vacant

shares of novavax inc nvax shed 361 to 1870 wednesday on what proved to be an allaround poor trading session for the stock market with the nasdaq composite index comp falling 025 to 1114864 and dow jones industrial average djia falling 014 to 3027387 the stocks fall snapped a twoday winning streak novavax inc closed 21780 short of its 52week high 23650 which the company achieved on december 20th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as replimune group inc repl fell 034 to 1763 vbi vaccines inc vbiv fell 398 to 072 and anaptysbio inc anab rose 119 to 2729 trading volume 36 m remained 14 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