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shares of celanese corp ce shed 177 to 15844 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 108 to 411577 and dow jones industrial average djia falling 081 to 3291090 the stocks fall snapped a twoday winning streak celanese corp closed 1806 short of its 52week high 17650 which the company reached on january 5th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as exxon mobil corp xom rose 118 to 10459 eastman chemical co emn fell 270 to 10926 and westlake corp wlk fell 151 to 13192 trading volume 499202 remained 399123 below its 50day average volume of 898325 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of fidelity national information services inc fis slumped 009 to 11320 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 110 to 448273 and dow jones industrial average djia falling 089 to 3471539 this was the stocks third consecutive day of losses fidelity national information services inc closed 4276 short of its 52week high 15596 which the company achieved on april 29th the stock demonstrated a mixed performance when compared to some of its competitors thursday as visa inc cl a v fell 015 to 21435 mastercard inc ma rose 091 to 36400 and fiserv inc fisv rose 024 to 10630 trading volume 25 m remained 16 million below 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 | 0 |
shares of hewlett packard enterprise co hpe shed 114 to 1303 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 034 to 394601 and the dow jones industrial average djia rising 010 to 3113509 this was the stocks second consecutive day of losses hewlett packard enterprise co closed 473 short of its 52week high 1776 which the company reached on february 10th despite its losses the stock outperformed some of its competitors wednesday as radware ltd rdwr fell 157 to 2313 trading volume 126 m eclipsed its 50day average volume of 105 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of delta air lines inc dal rallied 135 to 3223 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 028 to 411863 and dow jones industrial average djia falling 014 to 3279840 this was the stocks fourth consecutive day of gains delta air lines inc closed 1404 short of its 52week high 4627 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors monday as southwest airlines co luv rose 050 to 3831 china eastern airlines corp ltd adr cea fell 130 to 1788 and united airlines holdings inc ual rose 256 to 3769 trading volume 105 m remained 41 million below its 50day average volume of 145 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of ross stores inc rost rose 383 to 11543 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 017 to 469070 and the dow jones industrial average djia rising 055 to 3581380 the stocks rise snapped a twoday losing streak ross stores inc closed 1879 below its 52week high 13422 which the company reached on may 10th the stock outperformed some of its competitors tuesday as tjx cos tjx rose 153 to 7095 gap inc gps fell 180 to 2351 and overstockcom inc ostk fell 876 to 9275 trading volume 27 m eclipsed its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
neither walt disney co dis nor presidential hopeful ron desantis have backed down a bit in their ongoing feud over the latter allegedly pursuing a retaliatory stance against the mouse house what happened a group of former highlevel government officials including governors and lawmakers filed a “friend of the court” brief last week in disneys federal lawsuit against desantis ap reported adding that the group comprised mostly republicans their court filing revealed by opting to do it they wish to demonstrate “how the path the governor has chosen is corrosive to the form of democracy envisioned by the constitution and to reemphasize this courts critical constitutional role in curbing the excesses of governance by retaliation” the group said desantis has followed the autocratic examples of governments in russia and china the florida governors takeover of the disney world governing district was “severely damaging to the political social and economic fabric of the state” they added see also best media diversified stocks why its important the ongoing issue between disney and desantis started when the former opposed the dont say gay law passed by the state which forbids discussions regarding sexual orientation in classes from kindergarten till grade 3 the florida governor did not take kindly to it and clipped the power disney had in governing the district where its orlando theme park is located the governor appointed his nominees to the governing board of the district disney has since then scaled back its investment in the sunshine state and also filed a case against the governors retaliatory tactics both parties have taken a hit from the unsavory development with disney seeing its approval rating fall among people while desantis is trailing way behind the frontrunner donald trump in the republican presidential primary in premarket trading on monday disney stock was up 052 at 8675 according to benzinga pro data read next desantis calls washington dc a ‘swamp’ as he stands by trump after indictment ‘i will end weaponization of government’ | 0 |
shares of pnc financial services group inc pnc slumped 059 to 19100 thursday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 058 to 447000 and dow jones industrial average djia falling 054 to 3521312 the stocks fall snapped a fourday winning streak pnc financial services group inc closed 1288 short of its 52week high 20388 which the company achieved on may 10th the stock demonstrated a mixed performance when compared to some of its competitors thursday as jpmorgan chase co jpm rose 052 to 16175 wells fargo co wfc fell 049 to 4905 and fifth third bancorp fitb fell 125 to 3880 trading volume 992068 remained 541384 below its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of dollar tree inc dltr rose 142 to 13797 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 197 to 371904 and the dow jones industrial average djia rising 188 to 2968374 the stocks rise snapped a twoday losing streak dollar tree inc closed 3922 below its 52week high 17719 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors wednesday as target corp tgt rose 498 to 15587 dollar general corp dg rose 219 to 24101 and walmart de mexico sab de cv adr wmmvy rose 039 to 3571 trading volume 16 m remained 970431 below its 50day average volume of 26 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
nigeria began drilling for oil and gas in the northeast on tuesday a first for the african oil giant which has exploited large deposits in the south for decades and whose production is declining president muhammadu buhari visited the kolmani field located in gombe and bauchi states and with estimated reserves of over one million barrels to inaugurate the drilling site the successful discovery of the kolmani oil and gas field by nnpc nigerian national petroleum company limited and her partners has finally broken the jinx after long efforts to find commercial oil and gas outside the established niger delta basin buhari said in a statement in addition to drilling the project which has attracted 3 billion in investment aims to open an oil refinery a gas processing unit a power plant and a fertiliser factory according to the presidential statement buhari in his comments also urged the oil company and partners “to ensure all lessons learnt from our years of experience as an oilproducing nation are utilised to ensure harmonious relationship with the local communities” oil exploitation in nigeria began in the 1960s in the southeastern niger delta region decades of production have enriched government officials and generated huge profits for large foreign companies in particular but the majority of nigerians especially in the oilrich delta region continue to live in poverty the region suffers badly from pollution and tens of thousands of people now make a living from stealing crude oil from pipelines or at sea from illegal refineries that have sprung up in swampy and forested areas and from selling fuel on the black market causing ecological disasters this insecurity in the sector has significantly increased the cost of producing nigerian oil and major foreign oil companies are now ceding their share of onshore oil fields to focus on offshore operations in september nigeria lost its position as the largest oil producer on the african continent to angola as its oil production continued to decline despite rising prices linked to the russian offensive in ukraine in addition to a severe economic crisis africas most populous country also faces widespread insecurity with attacks by criminal groups and a jihadist insurgency in the north and separatist unrest in the southeast in the face of these problems nigerian voters will go to the polls in february to elect a successor to buhari who is stepping down after two terms on tuesday buhari also reiterated nigerias goal to achieve net zero carbon emissions by 2060 | 0 |
downtown manhattans skyline is seen in new york city us august 21 2021 reutersandrew kellyfile photo feb 11 reuters apollo global management inc apon posted a 52 jump in fourthquarter distributable earnings on friday driven by strong growth in management and advisory fees from its credit business the new yorkbased firm said its distributable earnings or the cash used to pay dividends to shareholders rose to 483 million in the three months to dec 31 up from 3174 million a year earlier this resulted in distributable earnings per share of 105 slightly lower than the average analyst estimate of 110 per share according to financial data provider refinitiv while apollo capitalized on strong markets at the end of 2021 to cash out on some of its investments it did so at a slower pace than its major peers it generated 42 billion in proceeds from exiting positions in the fourth quarter down from 88 billion in the prior quarter blackstone inc bxn carlyle inc cgo and kkr co inc kkrn have reported record fourthquarter earnings that outperformed analyst estimates read more the equity segments of these firms were a major driver of their performance apollo on the other hand generates most of its earnings from its credit business where assets outnumber those in its equity divisions by a factor of three to one apollo said it deployed 346 billion on new investments in the fourth quarter mostly in its credit division its feerelated earnings reached a record 309 million corporate credit and structured credit funds gained 09 and 3 respectively while the private equity portfolio gained 52 blackstone carlyle and kkr reported appreciation in their private equity funds of 48 6 and 7 respectively under generally accepted accounting priniciples gaap net income fell 45 to 2344 million compared with 425 million in the previous year owing to a drop in investment income and a nearly threefold rise in its compensation expenses it booked about 1 billion as a onetime noncash charge from a previously announced plan to replace carried interest payments to executives with bumper stock awards apollos total assets under management rose 34 to 4976 billion driven by growth in retirement services clients in its athene franchise and strong fundraising its unspent capital stood at 472 billion at the end of the quarter reporting by chibuike oguh in new york editing by rashmi aich | 0 |
shares of kellogg co k slid 027 to 6339 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 170 to 435773 and dow jones industrial average djia falling 178 to 3397047 kellogg co closed 521 short of its 52week high 6860 which the company achieved on may 14th despite its losses the stock outperformed some of its competitors monday as pepsico inc pep fell 034 to 15361 mondelez international inc cl a mdlz fell 084 to 6043 and general mills inc gis fell 029 to 5875true trading volume 19 m remained 181304 below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
lockheed martin stock has trounced the market this year and director john donovan just bought some more shares of the aerospace and defense giant lockheed ticker lmt stock sports a 36 yeartodate gain far outpacing the sp 500 index which has fallen 18 shares rallied in late february after russia invaded ukraine which lockheed supplies with javelin antitank weapons strong thirdquarter earnings and a big stock buyback announced earlier this month bolstered shares as well lockheed is also a part of nasa’s artemis program which seeks to return astronauts to the moon | 0 |
shares of southern co so rose 217 to 6367 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 076 to 398135 and the dow jones industrial average djia rising 105 to 3300357 the stocks rise snapped a sevenday losing streak southern co closed 1690 below its 52week high 8057 which the company reached on august 19th the stock demonstrated a mixed performance when compared to some of its competitors thursday as nextera energy inc nee rose 335 to 7221 dominion energy inc d rose 170 to 5499 and american electric power co inc aep rose 189 to 8799 trading volume 58 m eclipsed its 50day average volume of 42 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
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 benzinga insights has compiled a list of value stocks in the basic materials sector that may be worth watching most recently mosaic reported earnings per share at 114 whereas in q4 earnings per share sat at 174 most recently olympic steel reported earnings per share at 115 whereas in q4 earnings per share sat at 028 the companys most recent dividend yield sits at 107 which has increased by 001 from 106 last quarter most recently teck resources reported earnings per share at 132 whereas in q4 earnings per share sat at 08 most recently flexible solutions intl reported earnings per share at 007 whereas in q4 earnings per share sat at 022 arcelormittal has reported q1 earnings per share at 127 which has increased by 32333 compared to q4 which was 03 most recently the company reported a dividend yield of 128 which has increased by 051 from last quarters yield of 077 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 | 0 |
shares of starbucks corp sbux inched 069 higher to 10502 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 061 to 411108 and dow jones industrial average djia falling 010 to 3389102 the stocks rise snapped a twoday losing streak starbucks corp closed 581 short of its 52week high 11083 which the company reached on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors monday as cocacola co ko rose 057 to 6017 pepsico inc pep rose 160 to 17182 and mcdonalds corp mcd rose 140 to 26792 trading volume 64 m remained 179239 below its 50day average volume of 66 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of blackstone inc bx took a 23 hit in morning trading thursday to snap a fiveday win streak and pull back from an eightmonth high after the asset manager boasted being the first to surpass 1 trillion in assets under management but reported segment revenue the fell more than expected net distributable income fell to 121 billion or 93 cents a share from 199 billion or 149 a share in the yearago period to top the factset consensus for earnings per share of 92 cents segment revenue dropped 434 to 235 billion to miss the factset consensus of 243 billion total assets under management increased | 0 |
the us capitol building exterior is seen at sunset in washington january 21 2020 reuterssarah silbiger new york sept 23 reuters breakingviews wall street’s bteam is getting its day in the beltway sun elizabeth warren and other senate democrats sent letters to a handful of managers of specialpurpose acquisition companies including michael klein chamath palihapitiya and tilman fertitta questioning incentive arrangements the group of investors has a mostly mixed track record while others in the business have little or no history and unlike other financial institutions that have been marched in front of congress spacs are just funding vehicles void of any substance save cash until they buy a target company while retail investors could get hurt spacs have less potential to damage the wider economy and are therefore of lesser importance to warren’s constituents they may be nevertheless be put through their paces if klein fertitta and others have to drill into the details of how spacs work before congress it would be a healthy educational process but lawmakers have spent more than a decade bellyaching about banks’ size only to allow them to grow bigger not least because a divided government has thwarted major overhauls given warren and others have been able to do very little to rein in financial institutions that are far more important to the economy their impact on spacs may be as empty as blankcheck firms themselves by lauren silva laughlin brookfield has weak upper hand in 7 bln grid ma read more vaccine spat is unhealthy for ukindia trade talks read more five9 investors may do zoom a favor read more | 0 |
shares of iqvia holdings inc iqv shed 071 to 25973 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 013 to 452268 and dow jones industrial average djia falling 011 to 3536073 the stocks fall snapped a twoday winning streak iqvia holdings inc closed 388 below its 52week high 26361 which the company reached on august 27th the stock underperformed when compared to some of its competitors tuesday as thermo fisher scientific inc tmo fell 064 to 55495 charles river laboratories international inc crl fell 018 to 44386 and icon plc iclr fell 015 to 25577 trading volume 638778 remained 130798 below its 50day average volume of 769576 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of kraft heinz co khc slipped 008 to 3819 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 099 to 422102 and the dow jones industrial average djia rising 047 to 3306157 kraft heinz co closed 461 below its 52week high 4280 which the company reached on january 9th | 0 |
shares of southern co so shed 024 to 6774 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 129 to 416400 and the dow jones industrial average djia rising 078 to 3415669 southern co closed 1283 below its 52week high 8057 which the company achieved on august 19th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as nextera energy inc nee rose 075 to 7608 dominion energy inc d fell 023 to 6160 and american electric power co inc aep fell 024 to 9228 trading volume 32 m remained 12 million below its 50day average volume of 44 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
us merger and acquisition dollar volume is down 31 to 6676 billion so far in 2023 compared to the yearago level the london stock exchange group said late thursday meanwhile global equity capital markets activity is up 11 to 3049 billion compared to the yearago period china debt capital markets dealmaking is down 10 to 18 trillion the financial select sector spdr etf xlf is up 27 yeartodate and up 57 from its yearago level the spdr sp regional banking etf kre is down 182 in 2023 and lower by 236 in the last year | 0 |
according to benzinga pro following are the gainers and losers in insurance industry for todays intraday session waterdrop shares increased by 1403 to 161 during tuesdays regular session as of 1240 est waterdrops stock is trading at a volume of 4090k which is 1612 of its average fullday volume over the last 100 days the companys market cap stands at 6253 million brp group shares rose 736 to 2698 as of 1240 est brp groups stock is trading at a volume of 3086k which is 520 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 15 billion tian ruixiang holdings stock moved upwards by 398 to 078 as of 1240 est this security is trading at a volume of 60k shares making up 27 of its average fullday volume over the last 100 days the companys market cap stands at 100 million maiden holdings ltd 6625 notes due 2046 shares rose 318 to 1754 as of 1240 est this security is trading at a volume of 446 shares making up 128 of its average fullday volume over the last 100 days ryan specialty holdings shares increased by 30 to 3517 the current volume of 2920k shares is 507 of ryan specialty holdingss average fullday volume over the last 100 days last updated at 1240 est the companys market cap stands at 38 billion fanhua shares moved upwards by 247 to 456 as of 1240 est fanhuas stock is trading at a volume of 94k which is 91 of its average fullday volume over the last 100 days the companys market cap stands at 2449 million selectquote stock fell 663 to 246 during tuesdays regular session trading volume for this security as of 1240 est is 4248k which is 244 of its average fullday volume over the last 100 days the companys market cap stands at 4068 million heritage insurance hldgs stock declined by 479 to 338 heritage insurance hldgss stock is trading at a volume of 664k shares as of 1240 est this is 255 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 907 million arch capital group shares declined by 447 to 182 trading volume for arch capital groups stock is 165k as of 1240 est this is 265 of its average fullday volume over the last 100 days american financial group inc 5875 subordinated debentures due 2059 shares declined by 374 to 240 trading volume for this security as of 1240 est is 29k which is 241 of its average fullday volume over the last 100 days maiden hldgs stock fell 362 to 24 as of 1240 est maiden hldgss stock is trading at a volume of 222k which is 122 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 2093 million trean insurance group stock declined by 331 to 643 trading volume for trean insurance groups stock is 1029k as of 1240 est this is 523 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 3312 million this article was generated by benzingas automated content engine and reviewed by an editor | 0 |
shares of fox corp cl a foxa advanced 109 to 3431 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 105 to 411921 and the dow jones industrial average djia rising 002 to 3409296 this was the stocks second consecutive day of gains fox corp cl a closed 1064 short of its 52week high 4495 which the company reached on february 10th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as apple inc aapl rose 079 to 14543 amazoncom inc amzn rose 196 to 10515 and netflix inc nflx rose 230 to 36199 trading volume 24 m eclipsed its 50day average volume of 23 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of nvr inc nvr inched 073 higher to 596722 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 009 to 413704 and the dow jones industrial average djia rising 020 to 3387540 this was the stocks seventh consecutive day of gains | 0 |
what’s happening to my 401k how to manage your money – and emotions – when it seems like the world is falling apart stock market volatility inflation interest rates – all of these factors are stressing americans out about their retirement portfolios living to 100 how to create meaningful experiences later in life americans are living longer than ever before and with people retiring in their 40s 50s and 60s there’s plenty of time left to enjoy i lived in motels and ‘forgot to live’ i’m 48 have almost 900000 and want to retire next year what can i do the balance between enjoying the present moment and saving for the future is crucial but it’s not always easy this is how much – or little – is in the ‘average’ 401k plan where are the 335000 ‘missing’ older workers still fighting with your siblings in your 40s 50s and 60s you’re not alone after being shut out of jobs in her 50s deborah gale reinvented herself and is helping people of all ages find purpose in life 6 retirement lessons from a beloved fishmonger who hung up his lox after nearly 50 years if you’re at least 10 years from retirement consider a portfolio of 100 stocks where should i retire i want good weather lower taxes and access to ethnic groceries ‘why is it so hard to check all the boxes’ for sustainable retirement income you need these 5 building blocks kiplinger why you should plan for an early retirement usa today 10 reasons for financial checkups as you save for retirement forbes top 12 benefits of becoming a remote entrepreneur after retirement entrepreneur how prepared are americans for retirement wharton the ‘workforce of the future’ wants stable retirement income earlier retirement and would quit before going back to the office allspring global investment survey finds businesswire magnifymoney study finds retired americans returning to workforce and rising wages and inflation pr newswire get help with medicare coverage denials center for retirement research at boston college to share with your family friends and clients try this philosophical penandpaper approach to decluttering your spending habits this type of retirement community can help people stay in their homes as long as possible social security may be the most powerful equalizing force in our society where does social security stand what is its future should you do a roth conversion now yes if you’re in this ‘holy grail’ group you won’t believe what the average millennial expects from their investments want your kid to retire rich have the ‘money talk’ with them now is social security in trouble should i claim earlier than planned | 0 |
shares of block inc sq slipped 621 to 7265 wednesday on what proved to be an allaround dismal trading session for the stock market with the nasdaq composite index comp falling 160 to 1166996 and dow jones industrial average djia falling 163 to 3203011 the stocks fall snapped a twoday winning streak block inc closed 7635 below its 52week high 14900 which the company achieved on march 29th the stock underperformed when compared to some of its competitors wednesday as onesoft solutions inc ossif fell 189 to 033 trading volume 175 m eclipsed its 50day average volume of 125 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
oil futures ended lower on thursday with us prices settling below 80 a barrel for the first time since early october oil saw a volatile session with prices seesawing between gains and losses in the wake of a decision by the organization of the petroleum exporting countries and their allies to stick to their current agreement as expected to raise monthly crude production by 400000 barrels per day while oil had initially rallied after the announcement the affirmation of expectations met with shortterm profit taking said rob haworth senior vice president at us bank wealth management a key question is when or if us shale producers may alter strategies to expand output he said december wti oil clz21 fell 205 or 25 to settle at 7881 a barrel on the new york mercantile exchange prices for the frontmonth contract settled at their lowest since oct 7 according to factset data | 0 |
shares of west pharmaceutical services inc wst sank 010 to 34340 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 020 to 427379 and dow jones industrial average djia falling 059 to 3356286 west pharmaceutical services inc closed 3332 below its 52week high 37672 which the company achieved on may 3rd the stock demonstrated a mixed performance when compared to some of its competitors monday as abbott laboratories abt fell 042 to 10376 becton dickinson co bdx rose 087 to 25399 and baxter international inc bax rose 077 to 4165 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
the us economy expanded in april at a slower pace than in the previous month as activity cooled in the services sector amid recordhigh inflation pressures according to data from a purchasing managers survey released friday the sp global flash composite output index decreased to 551 in april from 577 in march a threemonth low the index which gauges both the manufacturing and services sectors points to a strong expansion of activity as a reading above 500 suggests growth the april pmi surveys point to the upturn losing some momentum compared to the strong rebound seen in march said chris williamson chief business economist at sp global the data indicate that the us gross domestic product grew at an annualized rate of around 3 he said activity in both the manufacturing and services sectors continued to expand but services providers reported a slowdown compared with march and manufacturers registered a stronger expansion over the month the services sector saw a softer expansion in april due to the impact of high inflation on consumer spending the report said the flash us services pmi fell to 547 in april from 580 in march a threemonth low economists polled by the wall street journal expected the indicator to come in at a higher 579 many businesses continue to report a tailwind of pent up demand from the pandemic but companies are also facing mounting challenges from rising inflation and the cost of living squeeze as well as persistent supplychain delays and labor constraints mr williamson said on the contrary goods producers reported an uptick in activity on the back of rising demand the flash us manufacturing pmi increased to 597 in april from 588 the in march a sevenmonth high and above economists estimates of 582 aprils data also indicated a record rise in input costs amid higher costs for raw materials fuel transportation and wages the majority of firms passed along higher costs burdens to clients via increasing prices the report said firms surveyed also reported a decline in business confidence softer expectations were broadbased as respondents highlighted increasing concerns about higher costs and evidence of less robust demand sp global said | 0 |
shares of nikola corp nkla advanced 640 to 731 tuesday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 292 to 1294862 and the dow jones industrial average djia rising 182 to 3354434 the stocks rise snapped a twoday losing streak nikola corp closed 1221 below its 52week high 1952 which the company reached on june 3rd the stock outperformed some of its competitors tuesday as paccar inc pcar rose 059 to 8767 and oshkosh corp osk rose 216 to 10852 trading volume 149 m remained 18 million below its 50day average volume of 166 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of biogen inc biib slid 123 to 21964 tuesday on what proved to be an allaround great 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 the stocks fall snapped a twoday winning streak biogen inc closed 13222 short of its 52week high 35186 which the company achieved on august 18th the stock underperformed when compared to some of its competitors tuesday as johnson johnson jnj rose 089 to 16757 pfizer inc pfe rose 022 to 4986 and abbvie inc abbv rose 018 to 14255 trading volume 607377 remained 400234 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 | 0 |
bloomberg law speaks with prominent attorneys and legal scholars analyzing major legal issues and cases in the news the show examines all aspects of the legal profession from intellectual property to criminal law from bankruptcy to securities law drawing on the deep research tools of bloomberglawcom and bloombergbnacom reporters from bloombergs washington dc bureau are prominently featured as they offer analysis of policy and legal issues | 0 |
the us manufacturing sector lost further momentum in january starting the year on a weak footing as activity was hit by stillhigh prices and sluggish demand data from a purchasing managers survey showed wednesday the institute for supply management said its index of us manufacturing activity decreased to 474 in january from 484 in december this marks the fifth consecutive decline in the index and the third month it comes in below the 500 threshold that separates expansion from contraction economists polled by the wall street journal expected the index at 480 us manufacturers have struggled in recent months as demand for goods weakened due to higher interest rates and consumers switching spending toward services high inventories and subdued global demand also are weighing on the sector industrial production has fallen in six of the past eight months the largest declines being november and december januarys survey data reflects manufacturers are slowing output to better match demand in the first half of 2023 and prepare for growth in the second half of the year said timothy fiore chairman of the ism manufacturing business survey committee the production index fell to 480 in january from 486 in december signaling that output contracted for a second consecutive month the new orders index declined to 425 from 451 a sign of deteriorating demand conditions the outlook for the first half of 2023 looks very soft said one respondent from the fabricated metal products sector demand for our products has taken a sharp downward turn the employment index decreased to 506 from 508 suggesting broadly stable job levels panelists companies are indicating that they are not going to substantially reduce head counts as they are positive about the second half of the year mr fiore said the supplier deliveries index rose slightly to 456 from 451 but continued to suggest vendor lead times are shortening as supplychains normalize and demand weakens inflation pressures ticked up in january according to the survey the prices index edged up to 445 from 394 suggesting that prices at factory gates continued to fall albeit at a softer pace than the previous month in january nine industries reported paying lower prices for raw materials while four said prices increased the report said | 0 |
wealthier households own most of the stock market they may also hold the keys to a stockmarket rebound—in the form of their own spending in recent weeks many consumerfacing companies have warned of lower sales and earnings than wall street expected examples include kitchenaid owner whirlpool korean electronics manufacturer samsung and apparel labels like adidas and hm packagedgoods giants such as procter gamble and nestlé are making more money by raising prices but still reported falling sales volumes | 0 |
berkshire hathaway’s operating earnings declined 8 in the fourth quarter to 67 billion after taxes hurt by a drop in profits at the company’s railroad business and a decline in the us dollar excluding the dollar’s fall which increased the value of the company’s brka brkb foreigncurrency debt berkshire’s operating earnings for the period would have risen about 13 from the fourth quarter of 2021 to 79 billion this is more indicative of the company’s earnings power given that quarterly currency volatility has little impact on berkshire’s underlying earnings power stock repurchases totaled 26 billion up from 1 billion in the third quarter bringing the total for 2022 to 79 billion that’s down sharply from 27 billion in 2021 and 247 billion in 2020 berkshire’s operating earnings per share for the fourth quarter which exclude changes in the value of the company’s investment portfolio fell 7 to about 4585 per class a share barron’s estimates that fell short of the factset consensus estimate of 5305 a share berkshire’s total earnings in the quarter were down 53 to 181 billion reflecting lower investment gains in the period most of the investment gains are unrealized gains in berkshire’s big equity portfolio ceo warren buffett tells investors to focus on the operating earnings because the overall result can be swamped by quarterly changes in the value of the equity portfolio for the year berkshire’s operating earnings rose 12 to a record 308 billion after taxes berkshire’s book value per share stood at about 323600 per class a share at the end of 2022 barron’s estimates down from 342600 at yearend 2021 reflecting a drop in the value of berkshire’s equity portfolio during the year berkshire had 536 billion of investment losses during 2022 including 586 billion of unrealized losses on the equity portfolio which stood 309 billion at yearend this marked only the fourth annual decline in book value during buffett’s 58 years at the helm book value however rose in the fourth quarter from roughly 310000 on september 30 berkshire’s class a shares which finished friday at 461705 now trade for 14 times the yearend book value the current pricetobook ratio is somewhat lower due to the increase in the value of berkshire’s equity portfolio since the start of 2023 paced by apple aapl the company’s largest equity holding berkshire continues to sit on a large amount of cash even after paying nearly 12 billion for insurer alleghany in october berkshire’s total cash and equivalents mostly treasury bills stood at 128 billion on dec 31 compared with 109 billion on sept 30 it appears that berkshire sold a chunk of alleghany’s bond portfolio which totaled about 15 billion at midyear 2022 and the bulk of alleghany’s equity portfolio of around 3 billion berkshire continued to buy back stock after the start of 2023 repurchasing an estimated 700 million through feb 13 the date of the company’s 10k report berkshire disclosed in the 10k that it paid 82 billion for a 414 stake in pilot co in late january under an agreement reached with the haslam family in 2017 when berkshire bought an interest of 386 in the truckstop operator earlier this month barron’s suggested berkshire might pay 7 billion for the new stake the price for the 414 interest is more than double the nearly 3 billion that berkshire paid for the initial stake and brings its total interest in the parent of pilot flying j truck stops to 80 the purchase price for the 414 implies a total equity value on pilot of 20 billion and highlights one of buffett’s better investments during the past decade berkshire said in the annual 10k report that due to rate increases its geico autoinsurance unit is expected to generate an underwriting profit in 2023 after an underwriting loss of 19 billion in 2022 geico one of the top three auto insurers in the country has been moving to raise rates on policyholders to offset higher costs for claims including labor and parts the swing in geico’s profits anticipated for 2023 should bolster berkshire’s earnings this year geico’s voluntary policies in force fell by 17 million in 2022 and it may have lost its position as the no 2 auto insurer in the country to arch rival progressive which has bested geico with much stronger technology for pricing policies including the use of realtime driving information or telematics the forecast of 2023 underwriting profits for geico indicate that changes implemented by ceo todd combs are having a beneficial impact combs who also runs part of the berkshire equity portfolio was installed as geico ceo three years ago berkshire continues to benefit from higher interest rates on its cash–mostly held in treasury bills–and increased dividend income on its equity portfolio insurance investment income was up 66 in the fourth quarter to 2 billion after taxes and rose 35 for all of 2022 to 65 billion this is another factor that should bolster 2023 profits at the company profits at the burlington northern railroad were down 13 in the fourth quarter to 15 billion and were flat for all of 2022 relative to 2021 at 59 billion burlington northern’s results were negatively impacted by lower volumes in 2022 and higher fuel and other operating costs revenues rose nearly 12 for the year helped by higher sales per car load and fuel surcharges volumes were down 58 for the year berkshire’s powerhouse utility business saw an increase of 24 in fourthquarter profits to 739 million and a gain of 8 for the year to 39 billion the unit berkshire hathaway energy is one of berkshire’s most valuable businesses it has an implied value of about 90 billion based on the price that the unit paid to greg abel the head of berkshire’s noninsurance operations last year for a 1 stake in the business abel 60 is buffett’s likely successor as ceo buffett is 92 here is the succession language from the 10k “if for any reason the services of our key personnel particularly mr buffett were to become unavailable there could be a material adverse effect on our operations should a replacement for mr buffett be needed currently berkshire’s board of directors has agreed that mr abel should replace mr buffett the board continually monitors this risk and could alter its current view regarding a replacement for mr buffett in the future” berkshire hathaway energy formerly headed by abel is one of the largest producers of renewable power in the country and is investing heavily in electricity transmission networks it also owns several naturalgas ng00 pipelines | 0 |
that was charlie munger warren buffett’s longtime partner and vice chairman of berkshire hathaway offering up some wise words in the company’s latest shareholder letter published on saturday the berkshire hathaway annual shareholder letter offered up some of the wit and wisdom of munger who is expected to attend this year’s shareholder meeting and stubborn they are berkshire brkb brka has held cocacola ko stock in its portfolio for 35 years and is the largest investor in the company its other longtenured holdings include american express axp moody’s mco and globe life gl every investor needs to be patient in a world full of “foolish gamblers” if they want to be successful munger said “patience can be learned having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage” at 92 and 99yearsold respectively buffett and munger say they are still open to change “when the world changes you must change” quips munger “warren and i hated railroad stocks for decades but the world changed and finally the country had four huge railroads of vital importance to the american economy” he wrote “we were slow to recognize the change but better late than never” berkshire owns 100 of railroad operator burlington northern bnsf railway which it bought back in 2009 munger maintained that not even the investment stalwart can be right on the money all the time saying there is “no such thing as a 100 sure thing when investing “ “thus the use of leverage is dangerous a string of wonderful numbers times zero will always equal zero don’t count on getting rich twice” he added berkshire hathaway reported an 8 drop in operating earnings in the fourth quarter to 67 billion after taxes which took a hit from a profit decline at the railroad business and a weakening in the us dollar burlington northern’s profits were down 13 in the last quarter to 15 billion due to higher fuel costs and lower volumes in 2022 munger also gave some more solemn words regarding his future “all i want to know is where i’m going to die so i’ll never go there and a related thought early on write your desired obituary– and then behave accordingly” greg abel ceo of berkshire hathaway energy the company’s utility unit is the likely successor to buffett as ceo | 0 |
shares of thomson reuters corp tri dropped 110 to c14607 tuesday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 099 to 1936869 thomson reuters corp closed c1055 short of its 52week high c15662 which the company achieved on november 29th trading volume of 270701 shares remained below its 50day average volume of 383527 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
over the past three months shares of apple inc aapl rose by 720 before having a look at the importance of debt lets look at how much debt apple has based on apples financial statement as of february 3 2023 longterm debt is at 9963 billion and current debt is at 1148 billion amounting to 11111 billion in total debt adjusted for 2054 billion in cashequivalents the companys net debt is at 9058 billion lets define some of the terms we used in the paragraph above current debt is the portion of a companys debt which is due within 1 year while longterm debt is the portion due in more than 1 year cash equivalents includes cash and any liquid securities with maturity periods of 90 days or less total debt equals current debt plus longterm debt minus cash equivalents to understand the degree of financial leverage a company has investors look at the debt ratio considering apples 34675 billion in total assets the debtratio is at 032 as a rule of thumb a debtratio more than 1 indicates that a considerable portion of debt is funded by assets a higher debtratio can also imply that the company might be putting itself at risk for default if interest rates were to increase however debtratios vary widely across different industries a debt ratio of 40 might be higher for one industry but average for another besides equity debt is an important factor in the capital structure of a company and contributes to its growth due to its lower financing cost compared to equity it becomes an attractive option for executives trying to raise capital however interestpayment obligations can have an adverse impact on the cashflow of the company having financial leverage also allows companies to use additional capital for business operations allowing equity owners to retain excess profit generated by the debt capital looking for stocks with low debttoequity ratios check out benzinga pro a market research platform which provides investors with nearinstantaneous access to dozens of stock metrics including debttoequity ratio click here to learn more this article was generated by benzingas automated content engine and reviewed by an editor | 0 |
shares of valero energy corp vlo inched 032 higher to 10738 monday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 005 to 413812 and the dow jones industrial average djia falling 017 to 3361869 this was the stocks second consecutive day of gains | 0 |
shares of hormel foods corp hrl inched 037 higher to 4937 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 224 to 435786 and the dow jones industrial average djia rising 155 to 3406310 the stocks rise snapped a twoday losing streak hormel foods corp closed 382 below its 52week high 5319 which the company achieved on march 7th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as tyson foods inc cl a tsn rose 177 to 8722 conagra brands inc cag fell 041 to 3170 and jbs sa adr jbsay rose 408 to 1430 trading volume 17 m remained 590042 below its 50day average volume of 23 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
ottawa–the bank of canada is expected on wednesday to deliver its biggest rate increase in decades—a threequarterpoint rise—in an effort to cool inflation and looks set to continue with jumbosized rises in the fall some analysts say that a fullpercentagepoint increase can’t be ruled out given inflation is roughly four times higher than the bank of canada’s 2 target expectations for price increases have moved higher and tight labormarket conditions have triggered sizable wage gains | 0 |
euro zone inflation fell in july and new growth figures showed economic activity picking up in the second quarter of this year bringing some positive news to the region headline inflation in the euro area was 53 in july according to preliminary data released monday lower than the 55 registered in june however it remains well above the european central banks 2 target for the 20member bloc the euro area has been battling high inflation for the past year leading the ecb to undergo a full year of consecutive rate hikes in an effort to bring prices down last week the central bank rose rates by a quarter percentage point once again bringing its main interest rate to 375 the inflation figures come against a backdrop of previously moribund growth with gdp gross domestic product stagnating in the first quarter of this year however a separate data release on monday showed that growth accelerated in the second quarter expanding by 03 higher than the 02 expected both france and spains economies proved relatively resilient in the second quarter with the former posting a gdp rate of 05 and the latter expanding by 04 germany however proved weaker over the same threemonth period failing to post any growth this is a breaking news story and it is being updated | 0 |
people line up to enter a store during black friday shopping at fashion outlets of chicago in rosemont of greater chicago area illinois the united states on nov 26 2021 lululemons stock rose after the apparel market reported fiscal thirdquarter earnings and sales ahead of analysts estimates prompting it to raise its fullyear outlook shares were recently up more than 2 in after hours heres how lululemon did in the threemonth period ended oct 31 compared with what analysts were expecting based on a refinitiv survey lululemon said thirdquarter net income rose to 1878 million or 144 per share from 1436 million or 110 per share a year ago excluding onetime items it earned 162 per share ahead of expectations for 141 sales rose about 30 to 145 billion from 112 billion a year earlier that was ahead of expectations for 141 billion lululemon raised its revenue to a range of between 625 billion and 629 billion previously it expected revenue of 619 billion to 626 billion as of thursdays market close lululemon shares are up about 20 year to date find the full earnings press release from lululemon here this story is developing please check back for updates | 0 |
shares of avaya holdings were rising in premarket trading monday after the communications giant posted fourthquarter earnings and sales that topped wall street expectations adjusted thirdquarter earnings were 77 cents a share above estimates of 72 cents revenue in the quarter was 760 million above analysts’ forecasts of 7387 million and up 3 million from the previous year fullyear 2021 revenue was 297 billion up 35 from the 287 billion reported in the previous year | 0 |
tokyo dec 8 reuters japanese manufacturers business confidence index rose to a fourmonth high in december as supply constraints began to ease the reuters tankan showed offering policymakers some hope the economy was headed for a moderate recovery the reuters tankan index readings are derived by subtracting the percentage of respondents who say conditions are poor from those who say they are good a negative reading means that pessimists outnumber optimists following is a table of indexes for key sectors and a comparison with the bank of japans quarterly tankan survey | 0 |
shares of pioneer natural resources co pxd rallied 689 to 23144 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 259 to 367843 and the dow jones industrial average djia rising 266 to 2949089 this was the stocks fifth consecutive day of gains pioneer natural resources co closed 5702 short of its 52week high 28846 which the company achieved on may 31st the stock demonstrated a mixed performance when compared to some of its competitors monday as eog resources inc eog rose 734 to 11993 concho resources inc cxo fell 602 to 6560 and apa corp apa rose 910 to 3730 trading volume 29 m eclipsed its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of electric vehicle maker tesla rallied in afterhours trading thursday as the company won shareholder approval for a 31 stock split the second such move in around two years as the world’s most valuable automaker looks to make its stock more affordable in a widely expected move tesla shareholders approved the company’s proposed 31 stock split causing shares of the company to continue rallying in afterhours trading following a 04 gain earlier in the session tesla first announced the proposed 31 stock split in june as a way to make the 925 stock more affordable based on today’s closing price the new share price would be around 308 though the stock is down roughly 20 this year amid the wider market selloff billionaire elon musk’s electric vehicle maker has still seen its shares surge more than 200 since the last stock split in august 2020 stock splits don’t impact a company’s market value but evidence suggests that by making shares more affordable to retail investors the move does often provide a shortterm boost to share price tesla shares are up over 30 since announcing the 31 split in early june while news of tesla’s 51 stock split roughly two years sent shares over 70 higher in the 20 days following the announcement several other major tech companies have announced stock splits this year and saw subsequent spikes in their share price googleparent alphabet’s split 201 in february and amazon’s stock split 201 split one month later “when stocks trade in a socalled comfortable range everyday investors can more easily afford a piece of the company” according to lindsey bell ally’s chief money markets strategist “that drives more interest in the shares and more interest means more people trading the stock” tesla reported mixed second quarter earnings last month which largely beat analyst expectations production took a hit however worrying analysts as the company was impacted by ongoing supply chain disruptions as well as a factory closure in china that was due to covidrelated government lockdowns tesla’s quarterly revenue of 169 billion rose 42 from a year ago though it fell from a record high of 187 billion in the previous quarter ending the company’s streak of record profits “in a nutshell the quarter was better than feared with healthy guidance” for the rest of the year which certainly “looks achievable with no margin for error wedbush analyst dan ives said following the earnings report tesla shares are overpriced and could plunge more than 50 according to citi analysts who maintain a “sell” rating on the stock with a 424 price target “the current valuation remains challenging” especially when considering that the few other companies that achieved a similar market cap did so by generating on average around 100 billion in annualized gross profit versus tesla’s annualized profit of 20 billion in the first half of the year the firm points out that’s how much tesla ceo elon musk is worth according to forbes’ estimates he is the world’s richest person tesla shares rally despite slowdown in profits impact from china shutdown forbes | 0 |
shares of celanese corp ce slid 363 to 11368 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 185 to 391832 and dow jones industrial average djia falling 166 to 3225486 celanese corp closed 4769 short of its 52week high 16137 which the company reached on june 7th the stock underperformed when compared to some of its competitors thursday as avantor inc avtr fell 093 to 2246 trading volume 10 m eclipsed its 50day average volume of 963628 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of te connectivity ltd tel rose 107 to 15251 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 028 to 441013 and the dow jones industrial average djia rising 029 to 3436450 the stocks rise snapped a fourday losing streak te connectivity ltd closed 1393 short of its 52week high 16644 which the company achieved on november 16th the stock outperformed some of its competitors monday as 3m co mmm rose 009 to 17280 nidec corp adr njdcy fell 445 to 2403 and amphenol corp cl a aph rose 042 to 7735 trading volume 26 m eclipsed its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
hollywood bowl group plc said friday that its fullyear performance will be ahead of expectations and that it intends to reinstate the dividend after a strong first half the uk bowling operator reported revenue of 913 million pounds 1194 million for the first half ended march 31 up from gbp12 million a year earlier with record cash generation from operations compared with 2019 levels revenue grew 36 or 27 on a likeforlike basis hollywood bowl expects its fullyear performance to be ahead of current market expectations and intends to reinstate the divided with a firsthalf payment | 0 |
sept 8 reuters australian online property settlement firm pexa group ltd pxaax said on thursday it will acquire ukbased remortgage processing firm optima legal at a time when rising interest rates are expected to push people to switch their lenders the melbournebased company will assume optima legals about 22 share of the united kingdoms remortgage market and will get access to direct relationships with six of the countrys top eight lenders it said in a statement remortgaging involves transferring of mortgage on an existing property from one bank to another with uk interest rates at their highest since 2008 and seen rising further borrowers may switch lenders for a better deal read more given the significant volume of remortgaging activity in the uk market – and with volumes expected to increase as interest rates continue to rise – more streamlined systems are urgently needed pexa group chief executive officer glenn king said the acquisition also comes as more australians take out a mortgage for a new home but hold out for a good deal on their old place forcing them to hold a bridging loan to cover their previous mortgages read more the deal announcement came just before the australian competition regulator approved the acquisition of pexas top shareholder link administration holdings lnkax by canadian software firm dye durham ltd dd dndto httpsbitly3kye70i the buyout is subject to dd selling its existing australian businesses to a purchaser approved by regulator it said link owns a 428 stake in pexa which has been the centre of attraction for multiple buyout offers for link over the past two years read more reporting by sameer manekar in bengaluru editing by uttareshv | 0 |
shares of southern co so slumped 050 to 6947 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 130 to 420545 and the dow jones industrial average djia rising 100 to 3309334 this was the stocks third consecutive day of losses southern co closed 1110 short of its 52week high 8057 which the company reached on august 19th the stock demonstrated a mixed performance when compared to some of its competitors friday as nextera energy inc nee rose 137 to 7392 dominion energy inc d fell 113 to 4986 and american electric power co inc aep fell 030 to 8225 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of dave busters entertainment inc play slipped 548 to 3347 tuesday on what proved to be an allaround poor trading session for the stock market with the nasdaq composite index comp falling 093 to 1465618 and dow jones industrial average djia falling 079 to 3534328 this was the stocks fourth consecutive day of losses dave busters entertainment inc closed 1826 below its 52week high 5173 which the company reached on march 26th the stock underperformed when compared to some of its competitors tuesday as mcdonalds corp mcd fell 029 to 24028 chipotle mexican grill inc cmg fell 041 to 186961 and starbucks corp sbux fell 083 to 11657 trading volume 10 m remained 174683 below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of american airlines group inc aal inched 100 higher to 1415 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 010 to 410911 and the dow jones industrial average djia rising 030 to 3358652 this was the stocks second consecutive day of gains american airlines group inc closed 727 below its 52week high 2142 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors monday as southwest airlines co luv rose 184 to 3217 delta air lines inc dal rose 083 to 3397 and united airlines holdings inc ual rose 110 to 4313 trading volume 188 m remained 19 million below its 50day average volume of 207 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
gran tierra energy has completed its development projects for the year and expects higher oil production during 2023 yeartodate gran tierra has completed most of its development program for 2023 with the drilling of 19 development wells consisting of 12 new production wells and 7 new water injection wells said president and chief executive gary guidry by completing the majority of our development program in the first 5 months of 2023 we expect to realize higher oil production for the rest of 2023 gran tierra has begun to ramp up production in the latter half of second quarter 2023 as newly drilled acordionero costayaco and moqueta oil wells have been steadily brought online said the company which focuses on oil and natural gas exploration and production in colombia and ecuador production from the start of the second quarter to may 28 has totaled about 33600 barrels of oil per day on an average working interest before royalties basis the company said for the year to date gran tierra said it averaged total production of about 32400 barrels of oil per day within its 2023 guidance of 32000 to 34000 barrels per day its 2022 production averaged 30746 barrels per day | 0 |
shares of fmc corp fmc inched 031 higher to 12904 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 028 to 414760 and the dow jones industrial average djia rising 011 to 3412805 the stocks rise snapped a twoday losing streak fmc corp closed 1195 below its 52week high 14099 which the company achieved on april 20th the stock outperformed some of its competitors wednesday as corteva inc ctva fell 011 to 6211 trading volume 880104 eclipsed its 50day average volume of 775533 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
bengaluru sept 24 reuters indian shares scaled record highs on friday with the benchmark sp bse sensex topping the 60000 level for the first time on the back of gains in tech and property stocks the bluechip nse nifty 50 index rose 047 to 179075 by 0354 gmt and the sensex was up 049 at 6018062 indian shares were on track for their fifth straight weekly gain which analysts attributed to diminishing fears of a possible third covid19 wave due to a quickmoving vaccination campaign tech stocks jumped 16 with infosys ltd rising more than 2 to be the biggest gainer on the nifty 50 index reporting by soumyajit saha in bengaluru editing by subhranshu sahu | 0 |
shares of loblaw cos ltd l inched 023 higher to c8900 wednesday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 019 to 2058732 the stocks rise snapped a threeday losing streak loblaw cos ltd closed c063 below its 52week high c8963 which the company reached on august 20th trading volume of 298689 shares remained below its 50day average volume of 441876 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
the commentary delivered by hosts of the show often move the stocks mentioned the information is collected and refined using benzinga pro’s news tool benzinga pro users can access this information by using the news tool in any workstation deere company nyse de mentioned by joe terranova at 1205 pm shares have moved 008 lower since bp plc nyse bp degas wright spoke positively on bps dividend yield at 1232 pm shares have moved 023 lower since kinder morgan nyse kmi jon najarian mentioned having call options on kinder morgan at 1235 pm shares moved 035 higher since diamondback energy nasdaq fang najarian mentioned having call options on diamondback at 1235 pm shares moved 016 lower since schlumberger nv nyse slb najarian mentioned having call options on schlumberger at 1236 pm shares moved 026 lower since iovance biotherapeutics inc nasdaq iova najarian highlighted unusual options activity in iovance at 1238 pm shares spiked 872 on mention adobe inc nasdaq adbe shannon saccocia mentioned adobe is her favorite stock at 1243 pm shares moved 085 higher after mention abbvie inc nyse abbv najarian mentioned he likes abbvie at 1249 pm shares moved 001 higher after mention lockheed martin corp nyse lmt wright mentioned a new position in lockheed at 1257 pm shares spiked 036 after mention amazoncom inc nasdaq amzn mentioned in final trades shares moved 023 lower since cadence design systems inc nasdaq cdns mentioned in final trades shares moved 016 lower since guess inc nyse ges mentioned in final trades shares spiked 409 immediately before paring back to about a 24 gain | 0 |
shares of pultegroup inc phm slid 159 to 4630 friday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 111 to 385236 and dow jones industrial average djia falling 085 to 3292046 the stocks fall snapped a fourday winning streak pultegroup inc closed 1179 below its 52week high 5809 which the company achieved on january 13th the stock demonstrated a mixed performance when compared to some of its competitors friday as toll brothers inc tol fell 152 to 5055 dr horton inc dhi fell 118 to 8938 and mdc holdings inc mdc fell 176 to 3242 trading volume 43 m eclipsed its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
reuters global law firm womble bond dickinson and smaller uk firm bdb pitmans have abandoned merger talks after extensive discussions the firms said in a joint statement wednesday both firms have decided that the best path forward is to remain independent of each other the statement said the law firms said in october that they were in early talks to merge the firms said through a spokesperson they will not provide additional comment it is not uncommon for firms to start discussions that do not result in a deal with client conflicts and market mismatches among issues that frequently derail talks womble bond dickinson a much larger firm with 1000 attorneys is the product of a 2017 transatlantic merger between north carolinabased womble carlyle sandridge rice and ukbased law firm bond dickinson a combination between womble and bdb pitmans would have created a firm with more than 1200 lawyers and given womble a stronger hold in the uk legal market law firm mergers have been heating up with several notable combinations announced this year involving big firms such as holland knights deal with a nashvillebased firm and orrick herrington sutcliffes planned combination with buckley | 0 |
sydneyaustralian consumer confidence fell sharply last week as the reserve bank of australia delivered a third consecutive rise in official interest rates while also indicating further aggressive hikes are likely to rein in surging inflation consumer confidence dropped 25 last week following the 12 fall in the previous | 0 |
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shares of general dynamics corp gd inched 092 higher to 20996 friday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 016 to 412408 and dow jones industrial average djia falling 003 to 3330062 general dynamics corp closed 4690 below its 52week high 25686 which the company achieved on december 2nd the stock outperformed some of its competitors friday as raytheon technologies corp rtx rose 047 to 9599 boeing co ba fell 056 to 20070 and lockheed martin corp lmt rose 002 to 45079 trading volume 11 m remained 163769 below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of prologis inc pld rallied 147 to 11803 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 143 to 399056 and the dow jones industrial average djia rising 158 to 3400504 prologis inc closed 5651 short of its 52week high 17454 which the company achieved on april 21st the stock outperformed some of its competitors monday as w p carey inc wpc rose 075 to 7944 rexford industrial realty inc rexr rose 077 to 5491 and eastgroup properties inc egp fell 003 to 15448 trading volume 25 m remained 17 million below its 50day average volume of 42 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
dec 10 reuters australian shares are set to open lower on friday likely weighed down by energy and mining stocks due to weakness in prices of their underlying commodities the local share price index futures fell 01 a 165point discount to the underlying spasx 200 index axjo close reporting by arundhati dutta in bengaluru editing by shailesh kuber | 0 |
shares of verisign inc vrsn rose 172 to 16769 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 025 to 400105 and the dow jones industrial average djia falling 026 to 3216074 the stocks rise snapped a threeday losing streak verisign inc closed 8934 below its 52week high 25703 which the company reached on december 30th the stock outperformed some of its competitors tuesday as verizon communications inc vz fell 101 to 4813 att inc t fell 097 to 1936 and international business machines corp ibm fell 395 to 12913 trading volume 13 m eclipsed its 50day average volume of 714691 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of salesforcecom inc crm advanced 380 to 21425 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 158 to 447107 and the dow jones industrial average djia rising 122 to 3498884 the stocks rise snapped a threeday losing streak salesforcecom inc closed 9750 below its 52week high 31175 which the company achieved on november 9th the stock outperformed some of its competitors tuesday as microsoft corp msft rose 185 to 30047 adobe inc adbe rose 116 to 47950 and sap se adr sap rose 161 to 12025 trading volume 61 m remained 687953 below its 50day average volume of 68 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
hsbc holdings plc uk reg hsba shares inched up 056 to £594 thursday on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 059 to 749027 hsbc holdings plc uk reg closed 6000 pence below its 52week high £654 which the company achieved on february 21 | 0 |
hollywood bowl group said tuesday that it is trading in line with its expectations so far in fiscal 2023 as it posted a fall in pretax profit for the first half on heavier employee and propertyrelated costs the bowling operatorwhich is present in the uk and canadareported a pretax profit of 267 million pounds 330 million for the six months ended march 31 compared with gbp334 million for the first half of fiscal 2022 revenue rose to gbp1102 million from gbp1002 million and on a likeforlike basis grew 35 on continued demand the board declared an interim dividend of 327 pence per share up from 30 pence a share the company added that it is wellinsulated from inflationary pressures and that it has hedged its electricity costs to the end of fiscal 2024 we are looking forward to driving further growth in the uk and canada capturing the significant market opportunity ahead our resilience to inflationary pressures strong balance sheet and cashgenerative model gives us confidence in the future chief executive stephen burns said | 0 |
shares of verizon communications inc vz inched 085 higher to 3922 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 037 to 412451 and the dow jones industrial average djia rising 098 to 3360115 this was the stocks fourth consecutive day of gains verizon communications inc closed 1629 short of its 52week high 5551 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors monday as apple inc aapl rose 077 to 16617 att inc t rose 073 to 1939 and tmobile us inc tmus rose 133 to 14676 trading volume 193 m remained 168067 below its 50day average volume of 195 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of nrg energy inc nrg inched 081 higher to 4376 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 085 to 447953 and the dow jones industrial average djia rising 061 to 3533571 this was the stocks second consecutive day of gains nrg energy inc closed 068 short of its 52week high 4444 which the company achieved on august 6th the stock outperformed some of its competitors monday as nextera energy inc nee fell 218 to 8440 duke energy corp duk fell 129 to 10583 and southern co so fell 097 to 6667 trading volume 19 m remained 651586 below its 50day average volume of 26 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
it’s a good time to be a homeowner looking for a loan thanks to surging home prices across the country in the past two years homeowners have record levels of equity in their residences that they can tap into with either a home equity loan or a home equity line of credit heloc and as homeowners watched interest interest rates rise earlier this year some are now looking to take advantage of today’s rates in case they creep higher see the lowest home equity rates you might qualify for here but helocs or home equity loans aren’t right for everyone and you’ll want to make sure you get the most competitive rate you can if you decide to take one out the first thing to know is that the rates you see advertised could vary from what you’re actually offered by a lender notes greg mcbride a chief financial analyst and senior vice president at bankratecom “just like with getting approved for a mortgage those people with good credit and a healthy equity cushion are poised to get the best rates” after deciding whether a heloc or a home equity loan is a better fit the differences boil down to why you need the money and how much you need to borrow it’s time to shop around for the best rate here’s what you should know see the lowest home equity rates you might qualify for here before you start calling lenders or researching rates online it’s important to set some expectations “the amount of equity you have is not the amount you can borrow against” mcbride says adding that lenders typically want homeowners to retain a 20 equity stake in their homes “having 100000 in home equity doesn’t mean you can borrow 100000” with either a heloc or a home equity loan lenders also consider your overall financial situation worried about your credit score it’s often not a dealbreaker mcbride notes “weak credit can be compensated for by having a significant stake of equity” he says “ideally to get the best terms you’ll have a combination of good credit and sufficient equity” to get the best rate on a heloc bankrate advises that borrowers need a high credit score 670 and up a low debttoincome ratio 43 or less and a loantovalue ratio of 85 or less by comparison the best rates for home equity loans will go to those borrowers with a comparable debttoincome ratios and credit scores along with at least 15 to 20 equity in their homes you may want to start by calling banks you already have existing relationships with including your mortgage provider and local banks it can help to have a baseline for comparison first and the average rate for equity loans is 596 currently vs 427 for helocs according to data collected by bankrate see the lowest home equity rates you might qualify for here because the amount of money at stake is far less than for a mortgage a lender you find online may not be so interested in extending this credit says david schneider a certified financial planner with schneider wealth strategies “generally i advise people to go to their local banks because they will be interested in those loans” local banks will also have more knowledge about your local housing market and dynamics in the job market in your area and may be more comfortable lending to consumers who don’t fit the credit score or equity requirements that bigger banks want mcbride says that said you could find the best rates online or by calling several banks and credit unions mcbride adds “that’s why you’ve got to shop around” helocs are the “dominant” home equity product borrowers prefer them to home equity loans and lenders are more likely to offer these lines of credit mcbride says if you opt for a heloc then it’s important to be mindful of the interest rate dynamics associated with these lines of credit specifically some lenders offer a promotional or teaser rate that may be valid for the first six months before the interest rate jumps higher this type of structure could be helpful if you’re paying off debt mcbride notes “that low rate can be great but you just want to go into that with both eyes open” borrowers may be surprised by just how much rates go up after the promotional period ends notes schneider while lenders are required to disclose this information look for lenders that provide terms in a straightforward way mcbride says “it’s really important to comparison shop” | 0 |
shares of schlumberger ltd slb shed 187 to 4988 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 154 to 396394 and dow jones industrial average djia falling 145 to 3384946 this was the stocks third consecutive day of losses schlumberger ltd closed 616 below its 52week high 5604 which the company achieved on november 14th the stock demonstrated a mixed performance when compared to some of its competitors monday as baker hughes co bkr fell 109 to 2819 halliburton co hal fell 132 to 3588 and nov inc nov fell 198 to 2178 trading volume 154 m eclipsed its 50day average volume of 146 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of freeportmcmoran inc fcx rallied 191 to 2829 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 013 to 396684 and the dow jones industrial average djia rising 028 to 3199004 freeportmcmoran inc closed 2370 short of its 52week high 5199 which the company reached on march 25th trading volume 161 m remained 57 million below its 50day average volume of 218 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
sydneysteadfast group ltds shares rose in wednesday morning trade after upgrading its earnings guidance on the heels of reporting inline results for the first half of fiscal 2022 shares of the australian general insurance broking network were 42 higher at 489 australian dollars us354 steadfasts highest close this year was a537 in early january for fiscal 2022 steadfast raised its guidance for underlying earnings before interest taxes depreciation and amortization to a330 milliona340 million from the previous a320 milliona330 million while underlying net profit guidance was increased to a163 milliona170 million from a159 milliona166 million the companys net profit for the six months through december rose 43 to a1049 million which was in line with consensus estimates revenue was a4619 million up 26 from a year earlier chief executive robert kelly said steadfast had again delivered a record financial and operating result for the first half which allowed it to upgrade its earnings guidance range investment bank barrenjoey said the guidance upgrade was driven entirely by stronger organic growth expectations with the stock currently trading at a priceearnings ratio discount to peers but with significantly more balance sheet capacity steadfast is on track to benefit from a strengthening insurance pricing cycle over the next 12 months while also having fund capacity for further acquisitions according to some analysts | 0 |
july 24 reuters most stock markets in the gulf ended higher on monday largely on the back of corporate earnings although traders attention remained focused on the us federal reserve and volatility in oil markets saudi arabias benchmark index tasi gained 04 buoyed by a 37 jump in al rajhi bank 1120se after the lender proposed a halfyearly dividend of 115 riyal per share the saudi bourse continued to see a strong performance thanks to solid local fundamentals as well as positive results from the banking sector said daniel takieddine ceo mena at bdswiss volatility in energy prices could affect the market to a certain extent however in abu dhabi the benchmark stock index ftfadgi rose 12 boosted by a 58 surge in the countrys biggest lender first abu dhabi bank fab fabad following a sharp rise in quarterly earnings fab said its secondquarter profit rose 61 from a year prior as interest and noninterest income rose the bank posted a net profit of 42 billion dirhams 114 billion for the quarter dubais main share index dfmgi edged 02 higher with emirates central cooling systems corp empowerdu gaining 16 dubais roads and transport authority rta has invited investment banks to pitch for roles in the planned initial public offerings of its taxi and parking businesses reuters reported last thursday citing two sources with knowledge of the matter outside the gulf egypts bluechip index egx30 fell 02 weighed down by a 19 decline in eastern company eastca the egyptian stock market dropped as trading volumes continue to fall and as international investors maintained selling pressure said takieddine 1 36729 uae dirham | 0 |
shares of regions financial corp rf rose 115 to 2027 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 059 to 395990 and the dow jones industrial average djia rising 015 to 3187484 this was the stocks fourth consecutive day of gains regions financial corp closed 530 below its 52week high 2557 which the company reached on february 16th the stock outperformed some of its competitors wednesday as bank of america corp bac rose 003 to 3336 wells fargo co wfc fell 042 to 4272 and pnc financial services group inc pnc fell 002 to 16015 trading volume 52 m remained 23 million below its 50day average volume of 75 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of emerson electric co emr inched 029 higher to 8969 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 130 to 401777 and dow jones industrial average djia falling 077 to 3371709 emerson electric co closed 1031 short of its 52week high 10000 which the company reached on march 31st the stock outperformed some of its competitors monday as honeywell international inc hon fell 113 to 20578 trading volume 28 m remained 725491 below its 50day average volume of 35 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
sentiment among us consumers remained subdued in mid january deteriorating to a decadelow as high inflation and the covid19 omicron wave weighed on moods the final reading of the index of consumer sentiment compiled by the university of michigan was 672 in january below the preliminary estimate of 688 and down from 706 in december januarys reading which came in below the 685 expected by economists is the lowest since november 2011 american consumers primary concern is rising inflation and falling real incomes said richard curtin the surveys chief economist overall confidence in government economic policies is at its lowest level since 2014 he said consumers expected inflation rates ticked up in january compared with december for the next year americans see prices increasing 49 from an expected 48 the previous month and for the next five years they anticipate prices to rise 31 from 29 consumers may misinterpret the feds policy moves to slow the economy as part of the problem rather than part of the solution mr curtin said there is a danger that consumers overreact to the fed moves especially given the uncertainties about the coronavirus and other geopolitical risks he said in january the index measuring americans assessment of the current economic conditions fell to 720 from 742 in december the preliminary earlymonth reading came in at 732 the index of consumer expectations which reflects the balance of respondents anticipating improved business conditions in the next six months decreased to 641 from 683 in december and also declined compared with the preliminary estimate of 659 | 0 |
shares of illumina inc ilmn shed 840 to 20833 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 173 to 428015 and the dow jones industrial average djia rising 127 to 3376105 the stocks fall snapped a twoday winning streak illumina inc closed 31768 below its 52week high 52600 which the company reached on august 16th the stock underperformed when compared to some of its competitors friday as thermo fisher scientific inc tmo rose 180 to 60321 danaher corp dhr rose 226 to 29775 and agilent technologies inc a rose 121 to 13355 trading volume 65 m eclipsed its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of hillenbrand inc hi rallied 224 to 4428 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 031 to 412143 and the dow jones industrial average djia rising 005 to 3291578 hillenbrand inc closed 987 below its 52week high 5415 which the company reached on december 28th the stock outperformed some of its competitors monday as flowserve corp fls rose 223 to 3168 service corp international sci rose 038 to 7125 and matthews international corp cl a matw rose 003 to 3225 trading volume 342676 remained 69509 below its 50day average volume of 412185 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
seastar medical holding corp shares were up 20 to 576 in premarket trading after the company said that the us food and drug administration approved its investigational device exemption application to conduct a pivotal study evaluating the effectiveness of its selective cytopheretic device in reducing hyperinflammation in adults with acute kidney injury requiring continuous kidney replacement therapy the company said it plans to begin enrollment in this 200patient randomized controlled trial in march seastar currently expects to generate interim study results during the fourth quarter of 2023 and topline study results and submission of a premarket approval application in the second half of 2024 the studys primary endpoint is a composite of 90day mortality and dialysis dependency of patients treated with scd in addition to ckrt standard of care compared with the control group receiving ckrt standard of care the companys selective cytopheretic device is a patented celldirected extracorporeal therapy that selectively targets the most highly activated proinflammatory neutrophils and monocytes to stop the cytokine storm that can cause organ failure and death the scd received fda breakthrough device designation in may 2022 | 0 |
shares of corteva inc ctva shed 008 to 6515 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 039 to 394994 and dow jones industrial average djia falling 013 to 3370028 this was the stocks second consecutive day of losses corteva inc closed 328 below its 52week high 6843 which the company achieved on november 2nd the stock demonstrated a mixed performance when compared to some of its competitors monday as linde plc lin fell 016 to 33437 air products chemicals inc apd fell 002 to 29641 and dupont de nemours inc dd rose 056 to 6977 trading volume 33 m remained 311633 below its 50day average volume of 36 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of danaher corp dhr inched 006 higher to 28191 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 113 to 390135 and dow jones industrial average djia falling 056 to 3096182 the stocks rise snapped a twoday losing streak danaher corp closed 4978 below its 52week high 33169 which the company achieved on november 30th the stock outperformed some of its competitors thursday as thermo fisher scientific inc tmo fell 110 to 55198 honeywell international inc hon fell 173 to 17686 and 3m co mmm fell 094 to 11642 trading volume 32 m eclipsed its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of autozone were rising in premarket tuesday after the automotive replacement parts retailer posted samestore sales growth and revenue for the fiscal third quarter that topped wall street estimates autozone ticker azo reported thirdquarter revenue of 39 billion which beat analysts’ estimates of 37 billion according to factset domestic samestore sales rose 26 analysts polled on factset expected samestore sales to fall by 01 | 0 |
shares of abbott laboratories abt slipped 032 to 11090 monday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 005 to 413812 and the dow jones industrial average djia falling 017 to 3361869 abbott laboratories closed 733 short of its 52week high 11823 which the company reached on june 6th | 0 |
stockholm june 30 reuters swedens central bank delivered a half percentage point hike on thursday taking the benchmark rate to 075 from 025 and flagged further sharp tightening ahead as it seeks to get to grips with surging inflation price rises from fuel to food have pushed the pace of inflation to a 30year high in the wake of the pandemic and russias invasion of ukraine forcing the riksbank to tighten policy much earlier and more aggressively than ratesetters had expected the risk of the high inflation becoming entrenched in price setting and wage formation has increased the central bank said in a statement the executive boards forecast is that the policy rate will be raised further and that it will be close to 2 per cent at the start of next year analyst in a reuters poll had forecast the halfpoint hike following a surge in headline inflation to 72 in may the riksbank is not alone in setting aside worries over growth to focus on inflation the us federal reserve raised rates by 075 percentage points at its most recent meeting and norway by 50 basis points read more the european central bank is set to raise interest rates for the first time in a decade next month though the hike is expected to be by a quarterpoint read more | 0 |
these were the some of the most active stocks ahead of mondays open on wall street shares of iveric bio inc jumped 18 after japans astellas pharma inc said it would acquire the biopharmaceutical company for about 59 billion or 40 per share in cash a nearly 22 premium to fridays closing price of 3289 per share shares of sofi technologies inc climbed 7 after the financialservices company breezed past earnings expectations for its latest quarter noting continued strength in personal lending shares of jpmorgan chase cojpmrose 3 after winning a deal to take over first republic bank the wall street bank said it expected the deal to be modestly earnings per share accretive li auto inc stock li is up 3 after strong april delivery numbers from the chinese ev maker stock in rival xpeng incxpev was up 16 after its delivery numbers shares of norwegian cruise line holdings ltdnclh rose 29 toward a 7week high after the cruise operator reported forecastbeating firstquarter results and gave an upbeat outlook shares of first republic bankfrc tumbled 45 after jpmorgan won an auction to take over the failed regional bank the regional banks failure is the fourth this year meme stock top financial group ltdtop sank 386 in premarket trading after the hong kongbased broker soared to a record high last week there was no apparent news for that surge this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal | 0 |
an asset manager whose holdings are picked by artificial intelligence traded some big names this month selling amazon and big oil stocks as it scooped up paypal and moderna but buying avis stock had the most eyepopping result with shares in the carrental company tripling in a move that even the robot trader wouldn’t have predicted | 0 |
shares of aptiv plc aptv slipped 028 to 10089 thursday on what proved to be an allaround favorable 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 aptiv plc closed 2399 below its 52week high 12488 which the company reached on february 15th trading volume 11 m remained 11 million below its 50day average volume of 22 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of telus corp t inched 018 higher to c2801 tuesday in what proved to be an otherwise allaround down trading session for the canadian market with the sptsx composite index gsptse falling 010 to 1830791 the stocks rise snapped a twoday losing streak telus corp closed c664 short of its 52week high c3465 which the company reached on april 11th trading volume of 24 m shares remained below its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
best of the qatar economic forum powered by bloomberg the best of the qatar economic forum powered by bloomberg bringing together some of the worlds most influential thinkers policy makers and business leaders to tackle the major issues facing the world such as chinas reopening us recession risk and the shifting of global growth to the east this special bloomberg program highlights the events biggest interviews and news makers | 0 |
the refunding as part of its regular quarterly refunding the us treasury announced wednesday it would sell 103 billion in notes and bonds next week that’s down slightly from 110 billion last quarter the department will auction 45 billion in threeyear treasury notes tmubmusd03y on may 10 36 billion in 10year notes tmubmusd10y on may 11 and 22 billion of 30year bonds tmubmusd30y on may 12 the balance of treasury’s financing requirements over the quarter will be met with weekly bill auctions cash management bills and monthly note bond treasury inflationprotected securities tips and 2year floating rate note auctions reducing auction sizes treasury said it will cut auction sizes by 69 billion over the quarter the department will gradually reduce the size of 2year 3year and 5year treasury note auctions by a total of 3 billion by july the 7year treasury note will be cut by 6 billion over the next three months new and reopened 10year treasury notes will be trimmed by 1 billion the new and reopened 20year bond auction will be cut by 2 billion big picture with the federal budget deficit expected to narrow sharply this fiscal year – from close to 3 trillion to about 1 trillion treasury has been reducing auction sizes steve stanley chief economist at amherst pierpont thinks this is the last of the cuts in the coming quarter treasury debt managers will have to increase auction sizes due to the fed’s “quantitative tightening” program that is expected to be announced later wednesday “the fed is going to embark on massive redemptions of its treasury holdings this is going to quickly produce a large funding gap for treasury debt managers” he said in a note to clients when the fed allows maturing securities to roll off its balance sheet treasury has to increase its borrowing benchmark 4month bill treasury said it intends to change the 4month cash management bill into a “benchmark bill” with regular weekly issuance going forward tips financing the government will increase the june 5year tips reopening auction size by 1 billion to 18 billion and the july 10year tips new issue size by 1 billion to 17 billion | 0 |
shares of jm smucker co sjm sank 005 to 15066 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 075 to 387198 and dow jones industrial average djia falling 039 to 3273295 the stocks fall snapped a sixday winning streak jm smucker co closed 141 below its 52week high 15207 which the company reached on october 28th the stock demonstrated a mixed performance when compared to some of its competitors monday as kraft heinz co khc fell 121 to 3847 general mills inc gis rose 001 to 8158 and conagra brands inc cag rose 016 to 3670 trading volume 15 m eclipsed its 50day average volume of 785018 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
bitcoin is hovering around its oneyear high as asset manager fidelity reportedly readies its filing for a spot exchangetraded fund for the digital asset the world’s largest cryptocurrency traded at 30855 at 1025 am in new york and is treading upward nearing the digital asset’s 52year high of 31411 on june 23 the rally comes as fidelity is expected to submit a filing for a spot bitcoin etf according to a report by crypto trade publication the block citing an unnamed source the firm could submit its filing as soon as tuesday the report said “a genuine spot etf would open up the door to flows of new cash which would drive a trickledown effect in terms of volumes and interest” said darius tabatabai cofounder at decentralized exchange vertex protocol this is fidelity’s second attempt for a bitcoin etf fidelity’s application for the wise origin bitcoin trust was denied by the us securities and exchange commission in 2021 last week asset management giant blackrock inc filed its application for a spot bitcoin etf which sent bitcoin to a new high this year there have been about 30 attempts for a spotbitcoin product as of last week according to a tally by bloomberg intelligence digitalasset investment products saw the biggest weekly inflows in nearly a year adding 199 million last week as a flurry of applications for spotbitcoin etfs in the us rekindled interest in the space after a crackdown by us regulators “fidelity’s filing for a bitcoin etf amid the recent period of regulatory scrutiny brings a muchneeded positive outlook to the crypto industry” said jaime baeza founder of crypto hedge fund anb investments “despite the regulatory challenges in the us the moves by top traditional financial institutions such as blackrock and fidelity signify that institutional interest and participation remain injecting credibility and potential stability into the market” | 0 |
dont expect the markets early 2023 momentum to last jpmorgan chase warned the s p 500 is up more than 6 since the start of the year recovering some of the lost ground from 2022 since an oct 12 low the broader market index has rallied 14 further gains will be harder to come by as warning signs continue to mount jpmorgan strategist mislav matejka said in a monday note the recent stock rebound is drawing investors in many who were convinced last summer that any rally should be seen as just a bearmarket rally are now nurturing increasing optimism that recession can be avoided altogether he said but we do not expect that there will be a fundamental confirmation for the next leg higher and see rally fading as we move through this quarter with q1 possibly marking the high for the year he added spx ytd mountain spx in 2023 matejka note that a heavily inverted yield curve tight money supply in the us and europe and tighter lending standards will keep a lid on stocks going forward the strategist also noted that historically equities do not typically bottom before the fed is advanced with cutting and we never saw a low before the fed has even stopped hiking the fed hiked rates at its jan 31feb 1 meeting by 25 basis points down from 50 basis points at its december meeting however the central bank noted it expects ongoing rate increases a basis point equals 001 percentage point it might be premature to believe that recession is off the table now when fed will have done 500bp of tightening in a year and the impact of monetary policy tended to be felt with a lag on the real economy of as much as 12 years matejka said bank of america is also cautious on stocks going forward with strategist savita subramanian noting we think now is not a time to buy the crowded market index subramanian upgraded materials to overweight from underweight and communication services to market weight from underweight as resources and eyeballs allocated to active fundamental investing have dwindled meanreversion opportunities have surged we recommend being invested in equities but selectively subramanian said cnbcs michael bloom contributed reporting | 0 |
china evergrande stock remained under pressure on tuesday but the wider market began to stabilize following monday’s sharp selloff shares of the embattled property giant fell as much as 7 at one point before recovering to close 04 lower taking its yeartodate decline close to 85 ratings agency sp global warned that the world’s most | 0 |
zimmer biomet holdingss zbh short percent of float has risen 2717 since its last report the company recently reported that it has 381 million shares sold short which is 234 of all regular shares that are available for trading based on its trading volume it would take traders 249 days to cover their short positions on average short interest is the number of shares that have been sold short but have not yet been covered or closed out short selling is when a trader sells shares of a company they do not own with the hope that the price will fall traders make money from short selling if the price of the stock falls and they lose if it rises short interest is important to track because it can act as an indicator of market sentiment towards a particular stock an increase in short interest can signal that investors have become more bearish while a decrease in short interest can signal they have become more bullish see also list of the most shorted stocks as you can see from the chart above the percentage of shares that are sold short for zimmer biomet holdings has grown since its last report this does not mean that the stock is going to fall in the nearterm but traders should be aware that more shares are being shorted peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing a companys peer is another company that has similar characteristics to it such as industry size age and financial structure you can find a companys peer group by reading its 10k proxy filing or by doing your own similarity analysis according to benzinga pro zimmer biomet holdingss peer group average for short interest as a percentage of float is 338 which means the company has less short interest than most of its peers did you know that increasing short interest can actually be bullish for a stock this post by benzinga money explains how you can profit from it this article was generated by benzingas automated content engine and was reviewed by an editor | 0 |
shares of edison international eix slid 013 to 6220 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 045 to 380178 and dow jones industrial average djia falling 067 to 3077279 this was the stocks second consecutive day of losses edison international closed 1112 short of its 52week high 7332 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors wednesday | 0 |