Datasets:

judy93536

/

perigon-news-100k

like 0

us stocks extended losses toward the end of trading with the dow jones tumbling 750 points on tuesday the dow traded down 222 to 3313900 while the nasdaq fell 166 to 1352295 the sp also fell dropping 187 to 429207 check out this insiders buy around 98m of 3 stocks energy shares climbed by 02 on tuesday meanwhile top gainers in the sector included new fortress energy inc nyse nfe up 16 and bp prudhoe bay royalty trust nyse bpt up 14 in trading on tuesday materials shares fell by 26 target corporation nyse tgt reported betterthanexpected earnings for its fourth quarter while sales missed estimates target posted quarterly earnings of 319 per share beating analysts’ estimates of 286 per share the company’s quarterly sales came in at 3100 billion missing expectations of 3141 billion target said it sees lowtomid single digit revenue growth for 2022 iqiyi inc nasdaq iq shares shot up 23 to 507 after the company reported fourthquarter fy21 revenue of 12 billion flat yearonyear beating the consensus of 115 billion shares of oak street health inc nyse osh got a boost shooting 28 to 2243 oak street reported fy21 revenue of 143 billion usertesting inc nyse user shares were also up gaining 27 to 1060 after the company reported betterthanexpected q4 eps and sales results the company also issued q1 and fy22 eps and sales guidance above analysts’ estimates also check this cisco systems and 3 other stocks sold by insiders goodrx holdings inc nasdaq gdrx shares tumbled 38 to 1697 after the company reported worsethanexpected q4 eps and sales results and issued q1 sales guidance below estimates shares of vroom inc nasdaq vrm were down 42 to 350 after the company reported worsethanexpected q4 eps results ambarella inc nasdaq amba was down falling 32 to 9550 after the company reported q4 earnings results and issued guidance also check out executives buy around 1m of 5 penny stocks in commodity news oil traded up 87 to 10409 while gold traded up 22 to 194270 silver traded up 46 tuesday to 25495 while copper rose 31 to 45935 european shares closed lower today the eurozone’s stoxx 600 dropped 237 london’s ftse 100 fell 172 while spain’s ibex 35 index fell 343 the german dax declined 385 french cac 40 dipped 394 and italy’s ftse mib index dipped 414 the ihs markit eurozone manufacturing pmi was revised lower to 582 in february versus an initial reading of 584 spain’s current account balance swung to a deficit of eur 131 billion in december versus a yearago surplus of eur 092 billion spains annual inflation rate increased to 74 in february from 61 in january german manufacturing pmi was revised lower to 584 in february versus a preliminary reading of 585 while italy manufacturing pmi remained at 583 in february the ihs markit french manufacturing pmi climbed to 572 in february while spain’s manufacturing pmi climbed to a threemonth high of 569 in february the ihs markit manufacturing pmi was revised lower to 573 in february versus a preliminary reading of 575 the ism manufacturing pmi climbed for a second straight month to 586 in february from 576 in january construction spending increased 13 to an annual rate of 1677 trillion in january check out the full economic calendar here the us has the highest number of coronavirus cases and deaths in the world reporting a total of 80647340 cases with around 975150 deaths india confirmed a total of at least 42931040 cases and 514050 deaths while brazil reported over 28787620 covid19 cases with 649440 deaths in total there were at least 437587420 cases of covid19 worldwide with more than 5977300 deaths

macau casino stocks jumped monday as investors welcomed a new draft law for the industry that was milder than initially feared sands china ltd rose 15 wynn macau ltd added 11 and galaxy entertainment group ltd gained 69 in morning trade their smaller peers melco international development ltd mgm china holdings ltd and sjm holdings ltd added 5811 the gains also followed a strong performance friday in uslisted stocks of casino operators that have businesses in macau las vegas sands corp gained 14 and wynn resorts ltd rose 86 shares of both companies fell sharply last year the new draft law unveiled friday by macaus cabinet would grant a maximum of six casino licenses alleviating fears that some casinos license renewals might be at risk it also dropped an earlier provision to require government representatives to be placed in casinos to monitor their operations more closely the bill which will go to lawmakers for deliberation cut the tenure for new casino licenses in half and said operations must align with chinas nationalsecurity needs analysts said the moves collectively dispelled fears of a worstcase scenario for casino operators in the gambling hub we were surprised the governments stance on some contentious topics has become far less onerous if not surprisingly accommodative jpmorgan said in a note it pointed to unchanged taxation and no plans to restrict dividend distributions jpmorgan has an overweight rating on sands china galaxy entertainment wynn macau and mgm china with the first two as its top picks us bank jefferies said in a note that it expects licenses to be renewed for all six concessionaires in macau the next stage of the industrys recovery will depend on government policies to ease travel restrictions amid sporadic covid19 outbreaks it said

two brothers aged 8 and 5 turn a passion for bowties into a growing apparel business with a charitable purpose an indiana university graduate becomes a goto stylist for professional athletes finding rare clothes and sneakers that everyone wants then meet two young men who have built an empire out of socks

shares of mosaic co mos slipped 019 to 3649 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 016 to 435946 and the dow jones industrial average djia rising 026 to 3439072 this was the stocks second consecutive day of losses mosaic co closed 174 below its 52week high 3823 which the company reached on may 18th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as intrepid potash inc ipi fell 108 to 3119 cf industries holdings inc cf fell 021 to 5652 and bunge ltd bg rose 032 to 8094 trading volume 27 m remained 869450 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

shares of broadcom inc avgo slumped 034 to 62470 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 016 to 397127 and dow jones industrial average djia falling 012 to 3239425 this was the stocks third consecutive day of losses broadcom inc closed 2380 short of its 52week high 64850 which the company achieved on march 22nd despite its losses the stock outperformed some of its competitors tuesday as nvidia corp nvda fell 046 to 26410 trading volume 12 m remained 10 million below its 50day average volume of 23 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of snap inc snap shed 435 to 7126 monday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 076 to 3486963 and the nasdaq composite index comp falling 007 to 1510558 this was the stocks second consecutive day of losses snap inc closed 959 short of its 52week high 8085 which the company achieved on august 10th the stock underperformed when compared to some of its competitors monday as apple inc aapl rose 039 to 14955 twitter inc twtr fell 309 to 5966 and facebook inc cl a fb fell 058 to 37651 trading volume 197 m eclipsed its 50day average volume of 165 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of synchrony financial syf advanced 387 to 4023 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 092 to 399293 and the dow jones industrial average djia rising 010 to 3374786 this was the stocks second consecutive day of gains synchrony financial closed 1086 short of its 52week high 5109 which the company achieved on november 15th the stock outperformed some of its competitors friday as visa inc cl a v fell 028 to 20500 mastercard inc ma rose 060 to 33929 and fleetcor technologies inc flt rose 267 to 19980 trading volume 69 m eclipsed its 50day average volume of 55 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

match group inc mtch shares surged in the extended session friday after sp dow jones indices said the datingapp company will be added to the sp 500 index spx match shares rallied as much as 9 late friday following the announcement match replaces perrigo co prgo which will replace ww international inc ww on the sp midcap 400 mid as the company formerly known as weight watchers moves to the sp smallcap 600 sml

hardide plc on monday reported a widened pretax loss for fiscal 2021 on lower revenue but said it expects its performance to improve next fiscal year as demand recovers the uk chemicals company posted a pretax loss of 29 million pounds 39 million for year ended sept 30 compared with a loss of gbp14 million the previous year the company said the value of orders received during the second half of the year increased 52 to gbp25 million compared with the first half hardide said it is experiencing a recovery in aerospacemarket demand and that is looking forward for the development program of electric vehicles the continuing growth in our order book and the strong first quarter of the fiscal 2022 give the board confidence that revenues will strengthen markedly and therefore the groups financial performance will improve significantly in fiscal 2022 it said

bloomberg balance of power focuses on the politics and policies being shaped by the agenda of president bidens administration

feb 18 reuters australian shares closed down on friday in their worst day in three weeks weighed by financial stocks as investors closely watched rising tensions between the west and russia over ukraine the spasx 200 index axjo ended 1 lower at 722170 its worst session since jan 27 investors largely shrugged off news of us secretary of state antony blinken accepting an invitation to meet with russian foreign minister sergei lavrov late next week provided russia does not invade ukraine the benchmark was marginally up for the week shelling in ukraine on thursday renewed western fears of an imminent russian invasion as us president joe biden said moscow is preparing a pretext to justify a possible attack read more it wouldnt be surprising to have markets remain volatile in this type of manner for the time being until we get more clarity out of ukraine and russia and any updates on interest rate hikes as well said steven daghlian market analyst at commsec financials axfj shed 09 with three of the countrys four largest lenders losing between 03 and 11 qbe insurance qbeax plunged 87 after fullyear profit missed analysts estimates while magellan financial mfgax soared 185 on strong interim earnings technology stocks axij fell 19 their lowest in three weeks tracking an overnight slide in their us counterparts asxlisted shares of block inc computershare cpuax and xero xroax dropped between 18 and 37 meanwhile gold stocks axgd gained 19 in their best week since may 8 2020 as the heightened tensions in ukraine boosted the bullions safehaven appeal sector leaders northern star resources nstax and newcrest mining ncmax rose 15 and 21 respectively in other news australias biggest cities including sydney and melbourne eased more covid19 curbs amid a steady fall in hospital cases read more new zealands benchmark spnzx 50 index nz50 was down 09 to 1214189 reserve bank of new zealands february monetary policy statement is due next week with citibank analysts expecting the central bank to raise the official cash rate by a further 25 basis points reporting by upasana singh in bengaluru editing by sriraj kalluvila

shares of state bank of india 500112 dropped 101 to 55910 indian rupees thursday on what proved to be an allaround poor trading session for the stock market with the sp bse sensex index 1 falling 090 to 5980628 state bank of india closed 7055 rupees short of its 52week high 62965 rupees which the company achieved on december 15 the stock demonstrated a mixed performance when compared to some of its competitors thursday as indusind bank ltd indusindbk fell 038 to 116980 rupees and kotak mahindra bank ltd 500247 fell 127 to 171785 rupees trading volume 350472 remained 269718 below its 50day average volume of 620190 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of quanta services inc pwr slid 189 to 16265 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 058 to 410060 and dow jones industrial average djia falling 059 to 3340238 this was the stocks second consecutive day of losses quanta services inc closed 610 below its 52week high 16875 which the company achieved on february 23rd despite its losses the stock outperformed some of its competitors tuesday as aecom acm fell 304 to 8176 mastec inc mtz fell 572 to 8844 and emcor group inc eme fell 354 to 15870true trading volume 830595 remained 101379 below its 50day average volume of 931974 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of lowes cos low sank 040 to 20570 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx remaining mostly unchanged at 420552 and the dow jones industrial average djia falling 015 to 3304278 lowes cos closed 1761 short of its 52week high 22331 which the company reached on february 2nd the stock underperformed when compared to some of its competitors tuesday as amazoncom inc amzn rose 129 to 12166 home depot inc hd fell 015 to 29240 and walmart inc wmt fell 025 to 14606 trading volume 25 m remained 338179 below its 50day average volume of 29 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of exelon corp exc slid 190 to 4223 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 200 to 399734 and dow jones industrial average djia falling 206 to 3312959 exelon corp closed 848 below its 52week high 5071 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as nextera energy inc nee fell 317 to 7366 duke energy corp duk fell 182 to 9768 and southern co so fell 162 to 6555 trading volume 65 m eclipsed its 50day average volume of 65 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

oil futures were slightly lower wednesday as investors awaited an official reading on us inventories after industry data showed a rise in crude stocks and stood by for a federal reserve interest rate decision west texas intermediate crude for may delivery cl00 cl1 clk23 fell 27 cents or 04 to 6940 a barrel on the new york mercantile exchange may brent crude brn00 brnk23 was off 32 cents or 04 at 75 a barrel on ice futures europe back on nymex april gasoline rbj23 edged down 02 to 2535 a gallon while april heating oil hoj23 was up 08 at 2711 a gallon the american petroleum institute late tuesday reported a 33 million barrel rise in us crude inventories last week according to a source citing the data while gasoline stocks fell 11 million barrels and distillate supplies declined 18 million barrels official data from the us energy information administration is due wednesday morning analysts surveyed by sp global commodity insights on average look for crude stocks to show a fall of 55 million barrels with gasoline inventories down 2 million barrels and distillates falling 13 million barrels the federal reserve will announce its latest policy decision at 2 pm eastern with chair jerome powell set to begin his news conference at 230 pm market expectations around the decision have fluctuated widely as the collapse of silicon valley bank two weeks ago sparked fears of deeper problems in the banking sector see fed likely to follow ecb’s playbook and hike interest rates this week fedfunds futures have largely priced in expectations for a quarter of a percentage point rise the banking woes added to fears that aggressive monetary tightening by the fed and other central banks will spark a deep economic downturn sinking crude last week to 15month lows stephen innes managing partner of spi asset management however questioned whether shorting oil as a recession hedge would be effective “asia consumption has increased markedly since 2008 suggesting even in a minor oecd recession the low elasticity of demand along with oil prices mobilitydriven nature suggests selling oil does not offer the best hedge for how the next hypothetical recession is likely to play out in oil markets” innes said in a note the oecd or organization for economic cooperation and development is made up of the world’s wealthy nations

shares of waste management inc wm inched 020 higher to 16242 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 008 to 437259 and the dow jones industrial average djia falling 068 to 3397933 waste management inc closed 1356 short of its 52week high 17598 which the company reached on august 18th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as ecolab inc ecl fell 091 to 17981 and republic services inc rsg rose 032 to 14356 trading volume 13 m remained 243119 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

shares of lkq corp lkq advanced 151 to 5652 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 037 to 463065 and the dow jones industrial average djia rising 039 to 3605263 this was the stocks second consecutive day of gains lkq corp closed 081 short of its 52week high 5733 which the company achieved on october 28th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as oreilly automotive inc orly rose 022 to 62110 copart inc cprt fell 035 to 15403 and genuine parts co gpc rose 166 to 13392 trading volume 17 m eclipsed its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of church dwight co chd slipped 002 to 8365 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 014 to 399201 and the dow jones industrial average djia falling 018 to 3279840 church dwight co closed 2163 short of its 52week high 10528 which the company achieved on april 27th the stock underperformed when compared to some of its competitors wednesday as procter gamble co pg rose 001 to 13758 trading volume 14 m eclipsed its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

london nov 16 reuters bank of england governor andrew bailey said on wednesday that britains very tight labour market was a key reason why further interest rate increases were likely it is still a very tight labour market as yesterdays labour market statistics demonstrated bailey told lawmakers from parliaments treasury committee britains jobless rate rose and vacancies fell as employers worried about the outlook for the economy official data showed on tuesday but pay growth stayed strong with the increase in basic pay hitting a record high excluding the pandemic period earlier this month the boe raised its key interest rate by threequartersofapercentage point the most since 1989 to 3 investors think it will take bank rate to about 45 by the middle of next year bailey also told the lawmakers on wednesday that there were signs that core inflation which excludes volatile components such as energy and food prices was easing the core goods numbers do seem to be now beginning to come off he told the committee britains headline inflation rate leapt to a 41year high of 111 in october according to data published earlier on wednesday but core inflation was unchanged at 65 reporting by david milliken and kylie maclellan writing by andy bruce and william schomberg editing by alistair smout

shares of cable companies fell on tuesday extending a recent downtrend that has taken major names to multimonth lows as concerns over subscriber growth have prompted analysts to sour on the industry tuesday’s weakness came after deutsche bank downgraded both altice usa inc and charter communications inc this is at least the third downgrade charter has received over the past week and the fourth for altice in less than a month ever since it cut its forecast for broadband subscribers a move that came after a similar warning from comcast corp in midseptember

the cost of imported goods rose again in september largely because of higher oil prices adding to a surge in us inflation that’s the biggest in decades the us import price index climbed 04 last month the government said friday reversing a decline in august that was the first in 10 months economists polled by the wall street journal had forecast a 05 increase the cost of foreignproduced fuel jumped 37 in september and accounted for most of the increase in import prices import prices have risen 92 in the past year although the pace of increase has slowed since the spring still higher import prices are contributing to the biggest increase in us inflation in 30 years the consumer price index has leaped 54 in the past 12 months and it’s unlikely to reverse very quickly federal reserve officials and economists say read inflation rises at 54 yearly pace cpi shows and stays at 30year high also high inflation to last awhile fed’s bostic says and it’s no longer ‘transitory’ us export prices meanwhile rose 01 in september they are up 16 in the past year the report had little sway on wall street the dow jones industrial average djia and sp 500 spx rose in friday trades

back in 2011 amazoncom inc amzn founder jeff bezos invested in airbnb inc’s abnb series b through his personal venturecapital firm bezos expeditions according to pitchbook data the round totaled 112 million in fundraising for airbnb with investments from andreessen horowitz general catalyst and uber technologies inc uber ceo dara khosrowshahi among others while its unclear how much bezos invested in the firm at the time or whether he still holds all of his shares the stock ipod for 68 per share and has not returned to that level he wasnt done with the expanding vacation rental business bezos also invested in arrived homes a seattlebased real estate investment business that lets investors acquire shares in singlefamily rental homes and vacation rental properties to its platform read also housing affordability index what this tells you about price pressure arrived homes which launched in 2021 offers multiple properties that allow individual investors to purchase shares for as little as 100 as it attempts to democratize access to the wealthbuilding potential of real estate ownership beyond affluent people and institutional buyers the startup secured 25 million in series a investment allowing it to add more asset categories and expand its personnel it already has 197 singlefamily rental homes in 27 areas across the united states totaling more than 72 million in asset value arrived platform investors may earn passive income as the firm manages all real estate activities including property upkeep to acquisitions the bezosbacked firm intends to grow into more us areas such as florida texas nevada and indiana arrived homes is the newest marketplace to strive to simplify the investing process and decrease obstacles to access by broadening its real estate portfolio into the shortterm rental asset class see more on real estate investing from benzinga new investment platform lets you become a landlord with 100 investors have made over 33 million this year using this real estate investing strategy this valueadd multifamily real estate fund is still creating value in a down market

prudential plc reported a 16 higher headline operating profit in 2021 on the strength of its asia business as it completed the repositioning of its business to focus solely on asia and africa the company said wednesday the companys annualized premium equivalent sales for the year rose 8 to 419 billion it said the insuranceandinvestment business made an ifrs adjusted operating profit from continuing operations of 323 billion compared with 276 billion a year earlier it said this is one of the companys preferred metrics which strips out exceptional and other oneoff items and is a closely watched figure for the industry prudential said its hong kong newbusiness levels remained affected by the continuing mainland china border closures though this was offset by its business in other markets including mainland china india malaysia the philippines singapore and thailand we enter 2022 with a strong balance sheet and capital position the company said the timing of the opening of the hong kong border remains uncertain and covid19 will continue to have an impact the current conflict in ukraine could have wider implications for global economic and market conditions as well as geopolitical relations however we believe our multichannel approach and focus on quality business and operating efficiency is the right strategy for dealing with volatile operating conditions prudential said

shares of rhythm pharmaceuticals inc rose 76 to 452 by midday wednesday after the company said its obesity treatment is now available to patients in germany and authorized for patients with renal impairment imcivree received marketing authorization from the european commission last year to be used as a treatment for obesity and hunger control associated with genetically confirmed lossoffunction biallelic proopiomelanocortin the bostonbased company said earlier this year the german federal joint committee voted to exempt imcivree from being deemed a socalled lifestyle drug meaning it is now eligible for national coverage and reimbursement rhythm pharmaceuticals also said wednesday that the european commission has authorized a variation of imcivree that can be used by patients with mild moderate or severe renal impairment

shares of international paper co ip inched 073 higher to 3739 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 009 to 407657 and dow jones industrial average djia falling 056 to 3439501 this was the stocks third consecutive day of gains international paper co closed 1284 below its 52week high 5023 which the company achieved on april 21st the stock outperformed some of its competitors thursday as weyerhaeuser co wy fell 077 to 3228 trading volume 39 m eclipsed its 50day average volume of 38 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the nio inc adr nio shed 676 to 980 monday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 098 to 3360115 and the nasdaq composite index comp falling 027 to 1218945 the adrs fall snapped a fourday winning streak nio inc adr closed 1463 below its 52week high 2443 which the company achieved on june 27th 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

cidara therapeutics inc shares fell 3 to 184 in late trading after it said the food and drug administration approved rezzayo or rezafungin for injection the drug was approved for treatment of candidemia and invasive candidiasis in adults with limited or no alternative treatment options cidara shares closed at 93 cents on jan 24 and ended the next day at 128 after an fda advisory committee recommended approval the stock gained 12 on tuesday this week the centers for disease control and prevention warned about an increase in cases of candida auris a rare and often deadly fungus melinta therapeutics llc has the rights to commercialize rezzayo in the us

shares of leidos holdings inc ldos shed 014 to 9902 friday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 003 to 453543 and dow jones industrial average djia falling 021 to 3536909 leidos holdings inc closed 1473 short of its 52week high 11375 which the company reached on january 25th the stock demonstrated a mixed performance when compared to some of its competitors friday as lockheed martin corp lmt fell 057 to 35600 northrop grumman corp noc fell 064 to 36593 and general dynamics corp gd rose 008 to 20246 trading volume 599748 remained 93524 below its 50day average volume of 693272 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of dave busters entertainment inc play shed 147 to 4232 tuesday on what proved to be an allaround poor trading session for the stock market with the nasdaq composite index comp falling 079 to 1388432 and dow jones industrial average djia falling 045 to 3531449 dave busters entertainment inc closed 497 short of its 52week high 4729 which the company reached on june 13th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as mondelez international inc cl a mdlz fell 116 to 7340 and treehouse foods inc ths fell 635 to 4686 trading volume 666790 remained 729088 below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of evergy inc evrg dropped 011 to 7113 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 072 to 427404 and dow jones industrial average djia falling 050 to 3398032 this was the stocks second consecutive day of losses evergy inc closed 200 below its 52week high 7313 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors wednesday as nextera energy inc nee fell 036 to 9020 dominion energy inc d rose 020 to 8562 and southern co so rose 023 to 7925 trading volume 729345 remained 410556 below its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

black friday is here and apparel sellers with anything less than a sparkly outlook for the holiday season have been trampled nordstrom jwn 2903 which actually beat wall street expectations on quarterly sales but reported a worsethanexpected bottom line saw its market capitalization shrink by 15 billion or almost 30 after it reported earnings on tuesday evening gap gps 2412 which said it could lose up to 650 million of sales for the full fiscal year due to inventory constraints saw its market value drop by 2 billion or almost a quarter after its own quarterly report for foot locker fl 360 even a mental association with footwear which leans heavily on factory closureaffected vietnam for supply was enough to send prices tumbling foot locker’s shares are down 13 since the company reported decent earnings that beat wall street estimates unlike retail giants walmart and target apparel sellers are finding it harder to keep their shelves stocked gap which reported its results after the market closed tuesday said inventory delays worsened throughout its quarter ended oct 30 causing it to lose roughly 300 million worth of sales because of supply constraints victoria’s secret vsco 179 which reported earnings last week said roughly 45 of the holiday items it ordered were delayed between two and nine weeks urban outfitters urbn 225 and nordstrom rack nordstrom’s discount arm both also saw sales hampered last quarter by a lack of supply inventory problems aren’t unexpected given how much us apparel makers lean on vietnam which has seen factory shutdowns since the summer still the stumble at gap was disappointing given its scale which its executives frequently tout as a strength “other companies that paid money to ship goods by air—that inventory is actually here and generating sales gap is a unique situation” notes paul lejuez analyst at citigroup investors need not fret too much about stranded inventory though last year when the pandemic forced many stores to shut down brands including gap calvin klein’s parent company pvh corp pvh 110 and carter’s cri 138 all packed away a substantial share of their inventory for later seasons instead of selling them at discounts that tactic turned out to work at gap which now says it plans to do the same with holiday inventory that ends up arriving in january and february instock levels actually look better at nordstrom than at departmentstore peers as of quarterend but the source of the selloff seems to be weakness at nordstrom rack which continues to be a sore thumb next to rival highflying offprice sellers nordstrom rack saw sales decline 8 last quarter compared with the 2019 quarter a contrast to tj maxx and marshalls which collectively saw sales jump 14 in the us over the same period the full department store is actually doing fine and the company left its guidance unchanged for the year whatever the reason for the selloff its sheer magnitude suddenly makes some of these retailers look attractive gap’s share price as a multiple of forward revenue is now around 04 times a 30 discount compared with its fiveyear average and more than half off compared with pvh corp nordstrom’s is at 02 times half off compared with macy’s and kohl’s foot locker on the same basis is 40 cheaper than dick’s sporting goods dks 539 with racks looking emptier shoppers looking for great deals might not find them this black friday but investors might find some among unloved retail stocks

shares of raytheon technologies corp rtx rallied 150 to 10466 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 009 to 415487 and the dow jones industrial average djia falling 003 to 3397663 this was the stocks second consecutive day of gains raytheon technologies corp closed 136 below its 52week high 10602 which the company reached on april 21st the stock underperformed when compared to some of its competitors tuesday as boeing co ba rose 163 to 20837 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of canadian natural resources ltd cnq inched 027 higher to c6626 wednesday in what proved to be an otherwise allaround down trading session for the canadian market with the sptsx composite index gsptse falling 033 to 2120516 canadian natural resources ltd closed c151 below its 52week high c6777 which the company achieved on january 18th trading volume of 41 m shares remained below its 50day average volume of 61 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

we looked through thousands of s4 filings in an attempt to identify firms whose corporate insiders were engaging in periods of unusually intense insider buying activity the series continues with this secondquarter piece covering midcap companies but will be followed up shortly with articles covering both smallcap and largecap insider activity for the purposes of this article we have defined midcap companies as publicly listed firms with a market cap between 2 and 10 billion below is our list of researchworthy midcaps that in our view enjoyed a period of unusual and atypical interest from corporate insiders during the first quarter of the year and are worthy of a further dive zions bancorporation zion is a salt lake city utah based bank holding company providing banking and other bankrelated services through several of its bank operating subsidiaries most notably including the likes of zion bank nevada state bank the commerce bank and others its business operations are predominantly focused on the western coast of the united states where the holding corporation operates a 90 billion balance sheet as one of the more influential regional banks the bank operator is currently being valued by the market at a relatively compelling pe of 881x as it trades slightly above its tangible book value at a ptbv of 141x zion had some of the most focused and diversified insider buying activity we saw in this most recent quarter five different insiders including the president two vice presidents the chairman and ceo and a director bought a little over 27 million combined this continues the wellestablished trend of insider buying in the regional banking sector that emerged last quarter and has so far proved rather profitable for the insiders it is worth noting here that the president increased his position by 35 one vp increased his stake by more than 500 and the other by 96 in zions case the same insiders executing the buying spree have been active sellers for the better part of four years making the signal of confidence that much more important in our view wall street analysts seem to have faith in the bank and trust that it will navigate toward better days analysts rate the company as a buy with an average score 363500 however bears are still waiting for their day in the markets with a roughly 15 of the float currently sold short zion currently trades at 3880 luminar lazr is a stock with a great track record for the year having generated 50 returns yeartodate the floridabased light detection and ranging technology firm was founded in 2012 by cofounders austin russell and jason eichenholz who both still actively serve in the company as the ceo and cto even though it is just struggling to get out of the prerevenue base lazr is broadly recognized as the leader in lidar technology solutions already managing to secure lucrative deals with established names such as volvo vlvly nissan nsany and mercedesbenz mbgaf as of today the company still burns through significant amounts of cash but the bull thesis is that revenue is going to skyrocket until 2030 that particular sentiment can be viewed from the angle of the corporate insiders who once again executed material insider purchases this is especially true in the case of its ceo austin russel who in a period of only a couple of days increased his holdings in the company by a staggering 346 he bought 213 million of luminar stock between may 15th and 16th in the range of 580 to 625 per share one of the directors heng jun hong joined in on the 15th buying about 200k in stock for 591 per share wall street analysts are slightly optimistic on the matter rating the company as a buy with an average of 416500 lazr is currently selling for 738 per share the brickandmortar game retailer rose to prominence during the 2021 short squeeze and subsequent meme stock mania with the loss of traffic and subsequent sales originating from the 2020 lockdowns in an already difficult financial position gamestop gme became one of the most popular short targets on the street as the shorts got greedy reportedly extending their shorts to more shares than the firm even had outstanding a retail investor movement rose to break the shorts gmes stock price skyrocketed from less than 5 a share to more than 325 as a result of the short sellers getting squeezed out management used this unprecedented interest to raise capital by diluting the new shareholder base getting their hands on some muchneeded cash the turnaround story for the indistress stock has been nowhere near the one projected by even the most optimistic bulls while gme trades at only 119x ntm ps other than a oneoff freakishly strong march earnings report it is still burning through cash posting quarter over a quarter of negative ebitda and fcf with seemingly no end in sight wall street analysts unanimously rate the meme stock as a straightforward sell with an average score of 200500 the stock also fell out of prominence among the meme stock crowd having been ranked as only the 19th hottest meme stock according to our data this has not stopped corporate insiders from once again signaling confidence to the investor base by executing another round of insider purchases this quarter saw three active corporate insiders executive chairman ryan cohen and directors alain attal and lawrence cheng they all bought shares on june 9th for a combined total of about 103 million with the majority being bought by mr cohen who is already well known for executing material purchases in the first quarter of 2022 during the gmes impressive 150 surge insiders were buying the shares while gamestop traded between 21 and 23 and the stock can currently be purchased for roughly the same amount today being traded for 2210 per share east west bancorp ewbc is the company with the most active corporate insiders we had a chance to cover today we tracked nine active corporate insiders for the retail and commercial bank in the quarter while broadly falling under the category of a regional bank ewbc is somewhat specific in the context of offering financial services in china as well the unique story behind this bank is that it was in fact founded in order to predominantly serve the needs of chinese american immigrants in los angeles since its beginnings in the 1970s east west bank has become one of the largest independent banks headquartered in southern california with a little more than 120 locations throughout the united states and asia similar to the other banks we have covered today it trades at a relatively fair valuation of 732x ntm pe and a ptbv of 139x it has followed a similar price trend as the other regional banks we discussed bottoming out in early may perhaps somewhat supported by considerable insider volume its lost about 5 of its value yeartodate joining the list of some of the less impacted regional banks the bank holding company is well respected by wall street with the group of analysts assigning it a buy rating on average purchases came between may 4th and may 11th in the range of 41 to 45 per share in total they bought around 16 million in company stock worth noting here the coo opened a new position of 4780 shares the evp grew his stake by 23 and two directors grew their stakes by 77 and 28 respectively shares of east west bancorp can currently be purchased for 6210 abcb abcb is a bank holding company that owns and operates ameris bank a regional bank that is engaged in retail banking commercial banking credit card lending and the mortgage loan business across more than 200 locations in the southeast and midatlantic of the us the company represents one of the younger regional banks founded in georgia back in 1971 unlike some of the other regional banks it has only been moderately impacted by the crisis earlier in the year overall shares of the bank operator are down only 6 yeartodate still significantly underperforming the sp 500 but far from some of the other more distressed stocks even without a major selloff ameris bancorp is not sitting at some heavily stretched valuations it is traded in the open market for an ntm pe of 925x and a ptbv of 129x meaning it trades only at a small premium this includes a token 16 dividend yield at current prices the chief strategy and risk officers as well as the cfo and ceo all bought shares two directors also made notable purchases themselves similarly to zion the buying spree occurred from early to midmay a time that now appears to have been a bottom for many regional bank stockswall street analysts remain fairly optimistic about the banks future potential assigning it a buy rating with a 400500 score ameris bancorp shares can currently be bought for 4430 somewhat similar to our insider activity coverage from last quarter the wellestablished trend of insider buying in the regional banking sector continues and has so far proved rather profitable for the insiders it appears that bank insiders are still willing to signal to the broader market that the banking crisis was at least as far as they are concerned to a larger extent overblown it remains an openended question as to how long investors are willing to deal with depressed smallerscale bank stocks and whether this opportunity will remain open at the time when we write the thirdquarter update on the series this content is for informational purposes only and is not intended to be investing advice

while the omicron variant of covid19 is playing havoc with the travel market at the moment there’s nonetheless evidence that a travel recovery is underway from the nearshutdown experienced during the worst of the pandemic period at least one analyst thinks that the right way to play the trend is to buy expedia stock—and to back away from airbnb piper sander analyst thomas champion on monday lifted his rating on expedia ticker expe shares to overweight from neutral while shifting to a neutral rating from overweight

ethereum ethusd also recorded gains trading above the 1500 mark this morning immutablex imxusd was the top gainer over the prior 24 hours while trust wallet token twtusd turned out to be the biggest loser at the time of writing the global crypto market cap rose to 105 trillion recording a 24hour gain of 4 btc was trading higher by 46 at 22740 while eth rose by around 48 to 1581 on wednesday here are the top ten crypto gainers and losers over the past 24 hours read this next top 5 tech stocks that may crash in february

shares of stanley black decker inc swk shed 344 to 7386 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 208 to 374857 and dow jones industrial average djia falling 195 to 3251394 the stocks fall snapped a threeday winning streak stanley black decker inc closed 12534 short of its 52week high 19920 which the company achieved on november 12th the stock underperformed when compared to some of its competitors wednesday as 3m co mmm fell 121 to 12383 illinois tool works inc itw fell 143 to 21162 and general electric co ge fell 101 to 8315 trading volume 19 m remained 52133 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

donaldson co reported a 151 jump in sales for its fiscal fourth quarter and adjusted earnings that met wall street expectations the filtrationproducts company posted a profit of 1011 million or 81 cents a share for the quarter ended july 31 compared with a profit of 843 million or 66 cents a share a year earlier stripping out onetime items adjusted earnings were 84 cents a share in line with the expectations of analysts polled by factset sales were 890 million up from 7731 million a year earlier and topping analysts expectations of 8802 million according to factset the minneapolisbased companys engineproducts segment experienced 175 revenue growth led by aerospace and defense as well as offroad sales it said the industrialproducts business grew 101 due in part to gasturbine systems sales rising by more than a third

ottawa feb 21 reuters canadas annual inflation rate eased more than expected to 59 in january data showed on tuesday backing up the bank of canadas declared aim to keep rates on hold at its next meeting to let previous rate hikes sink in analysts had expected inflation to edge down to 61 from 63 in december month over month the consumer price index rose 05 statistics canada said again lower than analysts forecast of a 07 gain after a 06 decline in december statscan said part of the easing of the annual rate was due to the comparison with last years strong inflation numbers or because of a base effect in january last year prices gained amid russiaukraine tensions and supply chain disruptions there were some very strong base effects from last january that are starting to roll out of the headline inflation metrics said andrew kelvin chief canada strategist at td securities the inflation figure allows the bank of canada to stay on hold in march despite the fact that the labor market was extraordinarily hot in the month of january he said the bank of canada in january raised its benchmark interest rate to a 15year high of 45 and became the first major central bank to say it would hold off on further increases as long as prices eased in line with its forecast but canadas economy then smashed expectations by adding a net 150000 jobs in january data showed earlier this month markets toned down their bets on another rate hike after the release of the inflation figures money markets now see a roughly 80 chance that the bank of canada will raise interest rates again this year after having fully discounted such a move before the data the bank forecasts inflation to slow to about 3 by the middle of 2023 and to come down to its 2 target next year excluding food and energy prices rose 49 compared with a rise of 53 in december the average of two of the central banks core measures of underlying inflation cpimedian and cpitrim came in at 51 compared with 53 in december it gives them the bank of canada somewhat greater comfort in their decision to go on pause at least temporarily said doug porter chief economist at bmo capital markets a lowside inflation read will definitely prove to be a nice antidote to some of those highside surprises adding to the favorable base effect cellular services fell 79 annually in january after increasing 25 in december and consumers paid 62 more for passenger vehicles compared with 72 in december mortgage interest costs on the other hand rose 212 annually in january the largest increase since 1982 while food prices rose 104 slightly faster than the 101 in december the canadian dollar was trading 04 lower at 135 per us dollar or 7407 us cents reporting by ismail shakil and steve scherer additional reporting by fergal smith in toronto and dale smith in ottawa editing by mark porter

shares of ultratech cement ltd 532538 inched down 064 to 810650 indian rupees wednesday on what proved to be an allaround great trading session for the stock market with the sp bse sensex index 1 rising 023 to 6599581 ultratech cement ltd closed 39450 rupees short of its 52week high 850100 rupees which the company achieved on july 4 the stock demonstrated a mixed performance when compared to some of its competitors wednesday as prism johnson ltd prsmjohnsn rose 087 to 13285 rupees and acc ltd acc fell 069 to 198715 rupees editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of the cloud storage and document management provider box have proved resistant to the sharp 2022 correction in technology shares trading about flat for the year to date but the stock is losing some ground in late trading wednesday despite reporting solid april quarter financial results as currency headwinds mute the company’s growth

shares of dominion energy inc d inched 023 higher to 5329 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 052 to 436569 and dow jones industrial average djia falling 030 to 3395152 dominion energy inc closed 3299 below its 52week high 8628 which the company reached on august 19th the stock underperformed when compared to some of its competitors wednesday as nextera energy inc nee rose 136 to 7578 duke energy corp duk rose 077 to 9165 and southern co so rose 185 to 7164 trading volume 33 m remained 670594 below its 50day average volume of 40 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

unitedhealth groups unh short percent of float has risen 923 since its last report the company recently reported that it has 658 million shares sold short which is 071 of all regular shares that are available for trading based on its trading volume it would take traders 122 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 unitedhealth group 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 unitedhealth groups peer group average for short interest as a percentage of float is 380 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

shares of tmobile us inc tmus rallied 222 to 14561 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 089 to 395157 and the dow jones industrial average djia rising 120 to 3224458 this was the stocks second consecutive day of gains tmobile us inc closed 877 short of its 52week high 15438 which the company achieved on november 2nd the stock outperformed some of its competitors monday as verizon communications inc vz rose 174 to 3743 and att inc t rose 199 to 1849 trading volume 56 m eclipsed its 50day average volume of 53 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

amazon faces a 1 billion lawsuit brought on behalf of millions of uk customers over allegations the us retail giant illegally promotes its own products a statement said thursday the £900million class action against amazon will be filed by consumer rights advocate julie hunter by the end of october at londons competition appeal tribunal according to the statement from hunter and law firm hausfeld

shares of suncor energy inc su inched 005 higher to c4196 friday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 080 to 2009989 suncor energy inc closed c1166 short of its 52week high c5362 which the company reached on june 9th trading volume of 99 m shares remained below its 50day average volume of 120 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of travelers cos inc trv inched 072 higher to 16533 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 106 to 411041 and the dow jones industrial average djia rising 071 to 3238134 travelers cos inc closed 2265 below its 52week high 18798 which the company achieved on march 28th the stock demonstrated a mixed performance when compared to some of its competitors monday as allstate corp all rose 052 to 12710 arch capital group ltd acgl rose 123 to 4709 and alleghany corp y rose 003 to 84125 trading volume 14 m eclipsed 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

bertrandt ag said thursday that secondquarter earnings rose helped by an easing in conditions related to the coronavirus pandemic in the quarter ended mar 31 net profit rose to 635 million euros 664 million from eur257 million in the same period a year earlier revenue increased around 18 to eur254 million euros while earnings before interest and taxes grew to eur109 million from eur656 million the german engineeringservices company said it benefited from longemerging trends in autonomous driving and electrified powertrains as economies move away from fossil fuels and confirmed its outlook for the 2022 fiscal year we expect total revenues to grow by between eur100 million and eur140 million and an ebit margin of between 4 and 7 bertrandt said the company said it isnt directly affected by the war in ukraine but that for now it cant assess indirect burdens that might stem from a possible further weakening in the economy resulting from the war

shares of electronic arts inc ea advanced 189 to 12793 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 113 to 451161 and the dow jones industrial average djia rising 074 to 3480746 electronic arts inc closed 2100 short of its 52week high 14893 which the company achieved on june 15th the stock outperformed some of its competitors tuesday as microsoft corp msft rose 164 to 30406 walt disney co dis rose 107 to 14011 and sony group corp adr sony rose 123 to 10573 trading volume 16 m remained 748117 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

berlin jan 25 reuters the german government has revised up its economic forecast with europes largest economy now expected to narrowly avoid recession this year as inflation eases according to its annual economic report published on wednesday it said gross domestic product was forecast to grow by 02 this year up from the autumn forecast of a 04 decline inflation is seen at 6 in 2023 down from the previous 7 forecast as energy prices ease following the initial shock of the energy crisis triggered by the ukraine war there are no signs of a significant recession which many observers have long considered inevitable economy minister robert habeck said in the report while the energy crisis and central banks interest rate hikes are making the german government cautious for this year habeck said the crisis triggered by the russian invasion of ukraine was now manageable germany has proven its resilience and has done very well economically he said he added that the initially very pessimistic scenario with a historic downturn feared in the event of a gas shortage had been averted energy supplies remain secure and stable he said but the task now is to become even more energetically independent he said german unemployment is seen at 54 in 2023 slightly above the 53 seen in 2022 the report said companies are also regaining confidence the economy ministry said on wednesday the closely watched ifo business climate index recovered further driven by considerably less pessimistic expectations machinery equipment investment was also forecast to grow by 33 in 2023 following 25 growth the previous year according to the government forecast despite the improved outlook headwinds remained export growth is expected to slow to 22 this year after an increase of 32 last year the report said among the biggest challenges for the economy are the war in ukraine and its economic consequences the weaker economic situation globally persistently high energy and consumer prices and the security of gas supplies it added reporting by christian kraemer writing by rachel more and maria martinez editing by madeline chambers and tomasz janowski

stock futures traded lower thursday after wall street edged higher in the previous session following a warning from the federal reserve that it expects to boost interest rates multiple times this year in its battle against inflation these stocks were poised to make moves thursday

shares of steris plc ste advanced 129 to 16280 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 an 11day losing streak steris plc closed 9313 short of its 52week high 25593 which the company achieved on april 20th the stock underperformed when compared to some of its competitors wednesday as thermo fisher scientific inc tmo rose 180 to 51783 medtronic plc mdt rose 210 to 8259 and danaher corp dhr rose 236 to 26624 trading volume 636524 eclipsed its 50day average volume of 575191 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

even if only a small emergency hits millions of americans will be financially unprepared according to the 2022 economic wellbeing of us households report released by the federal reserve in may 2023 indeed just 63 of adults said they could cover a hypothetical 400 emergency expense exclusively using cash or its equivalent like tapping their savings or a charging a credit card paid off at the next statement down from a high of 68 in 2021 pros urge americans to commit to building up emergency funds “emergency savings is a buffer between you and highcost credit card debt or having to sell assets at an unfavorable time when unplanned expenses arise you’ll sleep better at night knowing you have money tucked away for life’s inevitable emergencies” says greg mcbride chief financial analyst at bankrate and the good news here is this many savings accounts are now paying the highest rates in 15 years and you can see some of the highest savings account rates here furthermore “the significance of building up emergency savings lies in the tranquility it provides amidst life’s uncertainties by cultivating a robust financial cushion you can confidently navigate unexpected expenses without compromising your long term financial wellbeing” says blaine thiederman certified financial planner at progress wealth management other ways individuals would cover a 400 emergency expense if they didn’t have cash or its equivalent source federal reserve data among all adults who could select multiple answers pros recommend somewhere between saving 312 months worth of essential expenses the right amount for you depends on several factors including the size of your household your job situation and field we asked financial pros and certified financial planners the best ways to build up emergency savings to ensure that you’re able to cover the unexpected consider taking on supplementary work or freelance opportunities otherwise known as a side hustle to generate extra cash flow “this incremental income can significantly contribute to your emergency savings goals” says thiederman “successful saving is all about the habit and the easiest way to establish the habit is to have a direct deposit from your paycheck or an automatic transfer from your checking account into a dedicated savings account” says mcbride another thing worth doing is tracking your spending against your net income and tallying both up at monthend “if the amount deposited into your checking account exceeds your monthly expenses transfer the surplus into your savings account this gives you a second bite at the savings apple” says mcbride “doing things like frequently buying coffee from coffee shops eating out or subscribing to every streaming service under the sun might seem like good ideas at first but they probably won’t be worth it in the long run if you don’t have any money left over for an emergency while it might not seem like a lot at first cutting back on daily 3 cups of coffee or 15 subscription fees can help you save a fair amount of money over the long term” says jacob channel senior economist at lendingtree try to pay off what you owe in a timely manner “there’s nothing inherently wrong with having a credit card or borrowing money to pay for big purchases like a car or a house but if you don’t keep up with your monthly payments they could quickly grow out of control and make saving up for an emergency fund all but impossible” says channel “make saving a nonnegotiable part of your financial routine treat it as a disciplined commitment ensuring consistent contributions to your emergency savings” says thiederman “like getting in shape ask yourself what you can do someone that has never been to the gym is unlikely to get up at 4am go to lifetime fitness take 3 classes and run a 10k but they can probably get up at 7am and go for a walk before work unless it’s things that are dire like a car being repossessed start small don’t let the perfect be the enemy of the good” says certified financial planner mark struthers at sona wealth advisors

mexico citymexico ended 2022 with the biggest rise in the cost of living in more than two decades but with consumer price increases showing signs of easing at the end of december the consumer price index was up 782 from a year earlier the most for a calendar year since 2000 the national statistics institute said monday inflation eased in the final months of the year and was down from 87 in september core cpi which excludes energy and agricultural products but includes processed foods ended december up 835 the highest for a calendar year since 1999 but down from 851 in november in december consumer prices rose 038 from the previous month and core cpi rose 065 higher food prices contributed the most to last years inflation processed food and beverages rose 1414 and fresh produce prices increased 952 energy costs rose 291 from a year earlier held down by the government using additional revenue from oil exports to subsidize gasoline and diesel prices in may the government reached agreement with a number of privatesector producers and suppliers to keep a lid on prices of some basic food items and expanded the program later in the year with more companies joining the government last week extended through the end of 2023 tariff exemptions on imports of certain foods personal hygiene products livestock feed and agricultural inputs while adding more products to the tariff exemptions persistently high inflation led to bank of mexico to raise its overnight interestrate target last year by five percentage points to 105 in december the central bank said it expects to raise the rate again in february but that any further increases would depend on the conditions at the time signaling a near end of the tightening cycle the bank of mexico projects that inflation will return to its 3 target in the third quarter of 2024

kotak mahindra bank ltd 500247 shares inched down 045 to 181170 indian rupees monday on what proved to be an allaround great trading session for the stock market with the sp bse sensex index 1 rising 120 to 6056642 kotak mahindra bank ltd closed 18530 rupees below its 52week high 199700 rupees which the company achieved on november 18 the stock underperformed when compared to some of its competitors monday as indusind bank ltd indusindbk rose 417 to 119570 rupees and icici bank ltd icicibank rose 163 to 89320 rupees trading volume 33141 remained 28642 below its 50day average volume of 61783 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of zoom video communications inc zm rose 432 to 8409 tuesday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 225 to 1119912 and the dow jones industrial average djia rising 107 to 3183674 zoom video communications inc closed 20722 below its 52week high 29131 which the company reached on november 4th the stock outperformed some of its competitors tuesday as bce inc bce rose 145 to 4393 and chunghwa telecom co ltd adr cht rose 188 to 3367 trading volume 30 m remained 19 million below its 50day average volume of 49 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

friday marks the last chance for investors to receive the next dividend payout from presidio property trust sqft the company announced on friday that it would pay shareholders a quarterly dividend of 23 cents per share on monday presidio property trust will go exdividend meaning the stock will trade lower to reflect that payout in other words the stock will likely open 23 cents lower than it would have opened on any other day in order to be eligible to receive a companys dividend shareholders must own the stock prior to the exdividend date—in this case monday shareholders who own sqft as of the end of fridays session are eligible to receive the 23 cents dividend payout for every share that they own according to the company this dividend will be paid out to shareholders on june 30 2023 investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way to keep track of which companies are distributing dividends click here to visit our dividends calendar

smurfit kappa group plc skg shares inched up 068 to £3099 wednesday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 032 to 749719 smurfit kappa group plc closed £1099 below its 52week high £4198 which the company reached on january 7 trading volume 148084 remained 352636 below its 50day average volume of 500720 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of julius baer gruppe rose on monday after the swiss bank reported higher earnings helped by interest rates and an acceleration in net new money in the later stages of the firsthalf the swiss banking group reported 5318 million swiss francs 6151 million in net profit for the period compared with chf4506 million a year ago on operating income that grew 88 to chf203 billion the banks assets under management at the end of june rose to chf4407 billion from chf4279 million a year prior helped by chf71 billion in net new money analysts had seen julius baers assets under management at chf436 billion and net new money at chf65 billion rbc capital markets analyst anke reingen said in a research note adding that the result is a relief after the companys disappointing fourmonth interim statement earlier in the year she added the banks adjusted cost to income ratio of 653 also beat expectations of 663 meanwhile analysts from jefferies in a research note said that the banks operating income came 3 higher than consensus

shares of fedex corp fdx rallied 102 to 21982 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 016 to 397753 and the dow jones industrial average djia rising 060 to 3243208 this was the stocks second consecutive day of gains fedex corp closed 2894 below its 52week high 24876 which the company reached on june 24th the stock outperformed some of its competitors monday as united parcel service inc cl b ups rose 067 to 18732 trading volume 19 m remained 219508 below its 50day average volume of 21 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

frank p stewart vp at qorvo qrvo reported a large insider sell on august 24 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on wednesday showed that stewart sold 1224 shares of qorvo the total transaction amounted to 122730 qorvo shares are trading up 123 at 9927 at the time of this writing on thursday morning now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however they can be an important factor for an investor to consider in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of qorvos insider trades this article was generated by benzingas automated content engine and reviewed by an editor

shares of fleetcor technologies inc flt shed 158 to 22652 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 064 to 410990 and dow jones industrial average djia falling 101 to 3301214 fleetcor technologies inc closed 2509 short of its 52week high 25161 which the company reached on may 31st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as paypal holdings inc pypl fell 233 to 6080 fidelity national information services inc fis fell 112 to 5491 and fiserv inc fisv fell 087 to 11868 trading volume 296768 remained 332140 below its 50day average volume of 628908 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

a representation of virtual currency bitcoin is seen in front of a stock graph in this illustration taken march 15 2021 reutersdado ruvicillustration new york april 13 reuters nasdaq on tuesday set a reference price of 250 per share for coinbase global inc coino projecting a value for the largest us cryptocurrency exchange at 498 billion ahead of its landmark stock market debut on wednesday the reference price is not an offering price for investors to purchase shares but rather a benchmark for performance when the stock starts trading the exchange on wednesday coinbase shares are set to start trading under the coin symbol the opening public price will be determined by buy and sell orders collected by the nasdaq from brokerdealers the reference price is below the 34358 volumeweighted average price coinbases shares were trading at privately in the first quarter of this year if shares trade hands at or above the reference price coinbase would be valued at more than six times the 8 billion the company was worth in its last private fundraising round in 2018 by comparison the market capitalization of new york stock exchangeparent company intercontinental exchange icen is around 66 billion coinbase has opted to go public through a direct listing rather than a traditional initial public offering this means the company will not raise any money and existing investors are not bound by lockup restrictions on when they can divest their holdings following the market debut the option to go public is much less common than a traditional ipo but is gaining traction previous highprofile direct listings include spotify technology sa spotn in 2018 slack technologies inc workn in 2019 and roblox corp rblxn in 2021 founded in 2012 coinbase is one of the bestknown cryptocurrency platforms globally and has more than 56 million users who trade various virtual coins including bitcoin ethereum and xrp bitcoin hit a record of 62741 on tuesday extending its 2021 rally to new heights a day before the coinbase listing

in its efforts to reign in recordhigh inflation the federal reserve “went big” on its rate hike announcing this afternoon that it would again raise the target federal funds rate by another 075 percentage points this followed similar hikes in both june and july while these rate increases don’t bode well for those with credit card debt or those looking to get a loan one big group has already seen – and will continue to see – the benefit of rising interest rates savers “highyield savings accounts and certificates of deposit cds are at levels last seen in 2009” says greg mcbride chief financial analyst at bankrate see the best savings account rates you may get here indeed throughout 2022 interest rates on savings accounts have risen along with rate hikes from the fed pros say at the start of the year highyield accounts generally topped out at around 050 annual percentage yield apy however now they’ve settled in the range of 1 to 3 apy according to recent nerdwallet data so what happens now that the fed has raised rates again nerdwallet banking specialist chanelle bessette says banks are most likely to “respond by raising interest rates on savings accounts over the next month or so” how you can benefit from rising interest rates given the current rate environment along with a generally slowing economy mcbride says the best way for households to benefit is by “boosting emergency savings paying down highcost debt and maintaining contributions into and a longterm perspective on retirement accounts” see the best savings account rates you may get here bessette says that sticking with a longerterm plan is the best way to get the biggest bang for your dollar to do so she suggests consumers “shop around for a new bank account to make sure they receive the highest return on their savings” adding that “banks are also offering highinterest rates on certificates of deposit so it would be a good idea to look into getting one if you have longerterm savings goals” likening the process of finding the best savings account to car shopping rather than finding a house maxmyinterest ceo gary zimmerman says doing your homework on savings accounts with the best apy is critical “for many years interest rates have been so low that many people forgot what it feels like to earn interest” he says “keep an eye out for the best rates so you can keep your funds at whichever bank or banks can pay you the highest yield each month”

shares of dollar tree inc rose 66 in premarket trade monday after the wall street journal reported that activist investor mantle ridge lp has taken a 18 billion stake in the discount retailer and is planning to push it to take moves to boost its stock price mantle ridge will push for changes at the companys family dollar chain the paper reported citing people familiar with the matter the investor is working with richard dreiling former ceo of dollar tree rival dollar general corp who is credited with helping turn that company around in the early 2010s plans may include nominating directors to the dollar

shares of mccormick co inc mkc inched 037 higher to 9726 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 063 to 460245 and dow jones industrial average djia falling 019 to 3522881 the stocks rise snapped a twoday losing streak mccormick co inc closed 1009 below its 52week high 10735 which the company reached on march 7th the stock outperformed some of its competitors wednesday as pepsico inc pep fell 014 to 16796 tyson foods inc cl a tsn fell 012 to 8871 and conagra brands inc cag remained unchanged trading volume 16 m eclipsed its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of goldman sachs group inc gs slid 201 to 32005 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 020 to 444682 and dow jones industrial average djia falling 038 to 3428864 goldman sachs group inc closed 6953 short of its 52week high 38958 which the company reached on november 15th

shares of yum brands inc yum inched 007 higher to 11850 monday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 009 to 3283254 and the sp 500 index spx falling 012 to 414006 yum brands inc closed 2135 short of its 52week high 13985 which the company reached on december 29th the stock demonstrated a mixed performance when compared to some of its competitors monday as mcdonalds corp mcd fell 094 to 25680 starbucks corp sbux fell 001 to 8572 and chipotle mexican grill inc cmg rose 131 to 162181 trading volume 14 m remained 2022 below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of gildan activewear inc gil inched 018 higher to c3866 monday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 024 to 1996795 gildan activewear inc closed c754 short of its 52week high c4620 which the company reached on march 6th trading volume of 87410 shares remained below its 50day average volume of 317994 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of lowes cos low inched 006 higher to 19366 thursday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 061 to 3203328 and the sp 500 index spx falling 061 to 380730 lowes cos closed 6965 below its 52week high 26331 which the company reached on december 13th the stock demonstrated a mixed performance when compared to some of its competitors thursday as home depot inc hd rose 031 to 29106 and kingfisher plc adr kgfhy fell 079 to 504 trading volume 25 m remained 13 million below its 50day average volume of 37 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of mohawk industries inc mhk shed 569 to 13093 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 063 to 460245 and dow jones industrial average djia falling 019 to 3522881 the stocks fall snapped a twoday winning streak mohawk industries inc closed 10087 below its 52week high 23180 which the company reached on may 10th the stock underperformed when compared to some of its competitors wednesday as fortune brands home

shares of chubb ltd cb rallied 127 to 18892 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 016 to 397753 and the dow jones industrial average djia rising 060 to 3243208 this was the stocks second consecutive day of gains chubb ltd closed 4245 short of its 52week high 23137 which the company achieved on january 27th trading volume 18 m remained 178035 below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

an investor monitors a screen displaying stock information at the abu dhabi securities exchange june 25 2014 april 26 reuters most stock markets in the gulf rose in early trade on tuesday as crude prices bounced back after a sharp drop in the previous session oil prices a key catalyst for the gulfs financial markets steadied as worries over chinas fuel demand were soothed by the central banks pledge to support an economy hit by renewed covid19 curbs on the supply side analysts said the phasing out of russian oil from the market would continue to support prices saudi arabias benchmark stock index tasi rose 03 helped by a 2 gain in saudi arabian mining company 1211se after the capital market authority approved its request for capital increase through an issuance of bonus shares ratings agency fitch on monday revised its outlook for aramco to positive from stable citing a similar action on the country read more in qatar the index qsi gained 05 with commercial bank combqa rising 2 separately a british judge will on tuesday rule whether airbus must keep building a321neo jetliners for estranged qatar airways in a decision with implications for future multibilliondollar jet deals as their public bustup returns to londons high court read more the abu dhabi index ftfadgi was up 08 boosted by a 21 rise in conglomerate international holding ihc ihcad multiply group multiplyad which counts statelinked ihc as a major shareholder swung to profit in the first quarter of 2022 dubais main share index dfmgi however traded flat as gains in financials countered declines in telecoms and industrial stocks reporting by ateeq shariff in bengaluru editing by subhranshu sahu

shares of las vegas sands corp lvs inched 058 higher to 5545 thursday on what proved to be an allaround great 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 this was the stocks second consecutive day of gains

shares of contextlogic inc wish slid 492 to 232 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 051 to 454306 and the dow jones industrial average djia rising 044 to 3486124 the stocks fall snapped a threeday winning streak contextlogic inc closed 1430 short of its 52week high 1662 which the company achieved on april 1st the stock demonstrated a mixed performance when compared to some of its competitors friday as newegg commerce inc negg fell 373 to 516 overstockcom inc ostk fell 507 to 4683 and shopify inc cl a shop fell 361 to 67953 trading volume 126 m remained 98 million below its 50day average volume of 224 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

roku inc shares plummeted 19 in afterhours trading wednesday after the streaming company topped expectations with its latest results but gave a weakerthananticipated outlook for the holiday quarter as economic conditions could further “degrade advertising budgets” the company posted a net loss of 1222 million or 88 cents a share whereas it logged net income of 689 million or 48 a share in the yearearlier period analysts tracked by factset were expecting a 129 loss on a pershare basis roku roku also reported a loss of 34 million on the basis of adjusted earnings before interest taxes depreciation and amortization the company had posted positive adjusted ebitda of 130 million in the yearbefore quarter the factset consensus was for a 74 million loss on the nongaap metric revenue rose to 761 million from 680 million while analysts were anticipating 696 million the company generated 670 million in platform revenue and 91 million in player revenue analysts were expecting platform revenue of 613 million and player revenue of 87 million “advertising spend on our platform continues to grow more slowly than our beginningofyear forecast due to current weakness in the overall tv ad market and the ad scatter market in particular” roku said in its shareholder letter “however the longterm opportunity in tv streaming remains intact and we continue to innovate and execute” roku has 654 million active accounts in the latest quarter up from 631 million in the second quarter average revenue per user was 4425 on a trailing12month basis compared with 4410 in the second quarter and 4010 in the prior year’s third quarter analysts were anticipating 64 million active accounts and 4340 in average revenue per user viewers spent 219 billion hours streaming content through roku’s platform in the period the factset consensus was for 209 billion hours streamed for the fourth quarter roku executives anticipate 800 million in revenue and a loss of 135 million on the basis of adjusted ebitda the factset consensus called for 899 million in revenue as well as a 48 million adjusted ebitda loss “as we enter the holiday season we expect the macro environment to further pressure consumer discretionary spend and degrade advertising budgets especially in the tv scatter market” the company said in its shareholder letter “we expect these conditions to be temporary but it is difficult to predict when they will stabilize or rebound” the company noted that chief financial officer steve louden intends to leave roku at some point in 2023 after helping to recruit and train his successor

to talk about all things energy especially here at the ibew first question on crude prices one as you would have anticipated were finally seeing some floats rules increase demand from china into the prices whats your expectation tomorrow yeah morning mankind a pleasure to be here with you this morning look i think the market has been a bit tentative about chinas return without doubt it is expected to happen now that the country has completely reopened and we saw an estimated half a million barrels per day demand drop in china last year so at the very least that amount of demand has to come back i think the main challenge for the market right now is at what pace the economy will come back costs more that will be just china go back from the first year straight to the fourth year or does it go to the second and third year and what sort of hurdles it encounters in doing so so thats what even opecs trying to get its hands around which is why we have seen the organization be cautiously optimistic quick follow up are our chances slim that we go back to anywhere close to the hundred dollars a barrel level look im not in that camp offer that over bulls on oil i have seen china coming back that means above hundred so a couple of things to keep in mind first of all i think chinese demand will come back gradually so there is an initial bump in demand clearly yes people are moving around diesel demand will pick up with that with the economic activity and jet fuel demand of course is already picking up but in terms of china actually getting into the groove and into its regular economic activity and acceleration i think that would probably happen more gradually through the second half of this year and definitely going into next year so you know its not going to be an immediate bump in demand as far as china is concerned okay weve got a couple of minutes left and then a quick two questions to you impact of the price gap on russian crude products distortions in supply chain countries that stand to benefit so i think ive spoken before with our channel i dont think the price gap really matters and certainly not at the levels that they have been imposed now i think that markets will find a way we have seen that happen in the rewilding of russian crude yes there is a concern that the rewiring of products may not be as easy because in crude there was ready big markets like china and india but i believe you know markets are efficient freely traded international markets are efficient enough to find ways around such upheaval so i think thatll happen may take a bit longer theres a shadow fleet now of you know at least 600 ships according to trafigura so it will happen its just a matter of time that the reshuffle happens and i dont see a major problem in terms of shortages in refined products okay one quick last question india asserting its position as the second largest energy consumer in the world we saw that in an interview with the indian oil minister last evening where he said well buy crude oil when we get it whatever best price we can get it at what do you make of all the india talk at i w why is words and absolutely on the spot india is a major heavy base now and when it comes to consumption not only that i think india can be a role model and i think its prepared to be at all model for the global south and how to manage adjust transition in energy keep in mind affordability and accessibility and i think indias is blazing the path in that regard

shares of boston scientific corp bsx rallied 195 to 4713 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 boston scientific corp closed 037 short of its 52week high 4750 which the company achieved on april 20th the stock outperformed some of its competitors monday as abbott laboratories abt rose 184 to 10949 medtronic plc mdt rose 143 to 7971 and stryker corp syk rose 186 to 24917 trading volume 63 m remained 782262 below its 50day average volume of 71 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of national bank of canada na slipped 036 to c10091 tuesday in what proved to be an otherwise allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 001 to 2070479 national bank of canada closed c284 short of its 52week high c10375 which the company achieved on february 16th trading volume of 686664 shares remained below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of centerpoint energy inc cnp inched 099 higher to 2562 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 088 to 450937 and the dow jones industrial average djia rising 069 to 3545580 the stocks rise snapped a fourday losing streak centerpoint energy inc closed 158 short of its 52week high 2720 which the company reached on august 16th the stock outperformed some of its competitors friday as dominion energy inc d fell 033 to 7819 sempra sre rose 005 to 13186 and atmos energy corp ato rose 070 to 9738 trading volume 39 m remained 11 million below its 50day average volume of 50 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

sydneyone in four financial advisers is expected to leave the australian wealthmanagement sector within the next five years as regulatory change and compliance challenges raise the costs associated with providing advice a new report by investment trends found that the number of australian advisers has dropped to 16500 in 2022 from 20000 in 2021 which the research company attributed to the everchanging regulatory landscape advisers have had to grapple with advisers have cited compliance burden as the main challenge they deal with in their business for many years now closely followed by regulatory changeuncertainty ultimately this leads to an increase in the cost of providing advice and an inability to provide that advice to those less wealthy clients who need it investment trends research director dougal guild told the wall street journal this aligns with information we see reported in industry news in relation to advisers leaving as a result of changes to education and professional standards requirements and dissatisfaction with the broader regulatory environment despite the increasing regulatory burdens and industry attrition investment trends 2022 adviser business model report found that practice profitability has increased with 46 of financial advisers reporting that they were more profitable in 2022 compared with 34 in 2021 this is encouraging as it indicates advisers are adapting to the new world contributing to improved practice profit margins is a continued move by advisers focusing their efforts on acquiring and retaining higher value clients investment trends said the federal government is reviewing australias financialadvice industry to see if any regulatory changes should be made to improve the accessibility and affordability of financial advice this comes in the wake of a yearlong royal commission into misconduct in the countrys banking industry which handed down its report in 2019 some analysts say that wealth companies insignia financial ltd and amp ltd may get a material tailwind from some of the reviews proposals including an expansion of the market for financial advice and driving down costs which could help restore profitability to the underpressure advice sector for the first half of fiscal 2022 amp reported it had 1058 aligned advisers compared with 1356 in the yearago period the companys advice unit recorded 30 million australian dollars us204 million in net profit after tax for the first half insignia in its fiscal 2022 results said the number of advisers in australia is unlikely to increase next year reporting that the number of advisers in its ranks fell to 1600 from 1948 the previous year insignia chief executive renato mota said after the companys most recent results that it had been reshaping its business model and improving the products it inherited via the acquisition of units from australia new zealand banking group ltd and national australia bank ltd yes we want to grow i think we need to be realistic that the industry itself will go through a period of stable adviser numbers we will be the sameour numbers will be stable and we expect that during 2023 mr mota told the wall street journal in late august however the growth will come from making advisers more productivespending money on technology and that productivity aspect to make advice more affordable and more accessible investment trends report said that a move for australian advisers to become selflicensed and moving away from being under the umbrella of larger wealthmanagement companies had eased over the past year as they weighed the benefits and additional costs and compliance requirements associated with this type of model despite this the movement of advisers around the industry will continue as 70 of those looking to leave their licensee in the next 12 months intend to move to a selflicensed model investment trends said amp said that as part of its fiscal 2022 priorities it plans to engage more with independent financial advisers or those who are selflicensed to boost investment flows onto its flagship north platform we have improved the competitiveness of north with cash inflows from independent financial advisers up 49 from 1h fy 2021 were not slowing pace with more improvements planned for the second half as we build north to be one of australias leading investment platforms for advisers and their clients amp chief executive alexis george said after issuing the companys firsthalf results

shares of expeditors international of washington inc expd advanced 146 to 11682 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 027 to 3366502 and the sp 500 index spx falling 038 to 426752 this was the stocks fifth consecutive day of gains expeditors international of washington inc closed 308 short of its 52week high 11990 which the company reached on february 2nd the stock underperformed when compared to some of its competitors wednesday as jb hunt transport services inc jbht rose 222 to 17535 trading volume 11 m remained 111489 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

jan 7 reuters futures for canadas main stock index were subdued on friday in the runup to a key us jobs report that could dictate the path of the federal reserves monetary policy march futures on the sptsx index were flat at 700 am et with investors waiting to see if the job figures alter the pace of interest rate hikes expected from the fed the toronto stock exchanges sptsx composite index gsptse ended 015 higher at 2107202 on thursday rebounding from a twoweek low hit the day before statistics canada is scheduled release domestic jobs data at 0830 am et the canadian economy likely added 27500 jobs in december compared with 153700 jobs added in november the energy sector was poised to open higher as oil prices eyed their biggest weekly gains since middecember on supply worries fueled by unrest in kazakhstan and outages in libya dow eminis were up 16 points or 004 at 700 am et while sp 500 eminis were up 925 points or 02 and nasdaq 100 eminis were up 525 points or 033 the canadian dollar is expected to strengthen over the coming year as global economic recovery continues from the covid19 crisis but gains for the currency could be kept in check by federal reserve interest rate hikes a reuters poll showed read more cameco corp ccoto said on thursday it could resume production of roughly 24 million pounds of uranium annually in north america if needed by the global market due to the political turmoil in kazakhstan glaxosmithkline plc gskl said on thursday it has signed agreements with the canadian government to supply 20000 more doses of its covid19 drug as the country battles a surge in infections driven by the omicron variant read more agnico eagle mines ltd aemto national bank of canada raises target to c81 from c80 emera inc emato jp morgan cuts to underweight from neutral commodities at 700 am et reporting by amal s in bengaluru editing by aditya soni

us stock benchmarks were trading flat to slightly higher wednesday morning a day after the nasdaq composite and sp 500 halted a multisession streak of gains the dow jones industrial average djia was up 01 at around 36425 the sp 500 index spx was up 01 at 4793 while the nasdaq composite index comp was trading 02 higher at 15815 in economic data the trade deficit in goods surged by 175 in november to set an alltime high keeping the us on track in 2021 to post its biggest annual shortfall on record

shares of hollyfrontier corp hfc rose 530 to 3039 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 085 to 447953 and the dow jones industrial average djia rising 061 to 3533571 this was the stocks second consecutive day of gains hollyfrontier corp closed 1200 below its 52week high 4239 which the company achieved on march 11th the stock outperformed some of its competitors monday as chevron corp cvx rose 258 to 9673 phillips 66 psx rose 432 to 6880 and marathon petroleum corp mpc rose 374 to 5682 trading volume 17 m remained 584847 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

hello it’s been a down day so far for cathie wood’s ark innovation etf as one of its holdings teladoc health inc plunged after the telemedicine company slashed its fullyear outlook in this week’s wrap you’ll see how much short sellers are profiting from the ark innovation etf and other ark investment management exchangetraded funds even as wood’s flagship etf keeps attracting investors meanwhile ark has no “visibility” into whether bill hwang the founder of archegos capital management who was arrested this week for alleged securities fraud still holds a position in the firm’s etfs according to a spokesperson for ark more on that topic below please send tips and feedback to christineidzelismarketwatchcom you can also follow me on twitter at cidzelis four of ark’s exchangetraded funds the ark fintech innovation etf arkf ark innovation etf arkk ark next generation internet etf arkw and ark genomic revolution etf arkg are among the most profitable etf shorts this month through april 26 according to ihor dusaniwsky managing director of predictive analytics at s3 partners that’s based on marktomarket returns for us etfs with a minimum of 50 million in average short interest for april he said in an email citing this chart short bets against wood’s flagship ark innovation etf have seen marktomarket profits of almost 26 this month and much larger gains this year of more than 61 through april 26 according to dusaniwsky short sellers seek to profit by borrowing shares and then selling them on the bet their price will fall when their wager turns out right short sellers make money by buying the shares back at a lower price and pocketing the difference when returning them to the lender “the risk is very very high” as the potential for losses in short bets gone wrong is unbounded dusaniwsky said by phone “it’s not for the faint of heart nor is it for people who don’t have larger balances” he said adding that “the vast majority” of short selling is generally done by institutional investors while shares of the ark innovation etf have tanked in the us stock market’s selloff this year the fund has continued to see net inflows as wood appears to have a “core following” of investors who have bought into her longterm growth story according to aniket ullal head of etf data analytics at cfra research “they are still sticking with her” he said by phone investors have added a net 9339 million to ark innovation this year through april 26 including about 224 million over the past month—“that’s impressive inflow given the performance” according to ullal the market is in “a phase where a lot of growthoriented strategies are under pressure” he said and “i think they understand that her fund is not going to perform well in this current market environment” by contrast invesco qqq trust qqq which tracks the nasdaq100 index has seen almost 19 billion of outflows this year through april 26 with investors pulling 710 million in the past month according to ullal the ark innovation etf is “a kind of a turbocharged qqq etf” said dusaniwsky some investors have wagered against wood’s flagship fund as a “hedging strategy” for their tech portfolios or to bet against growth equities which have lagged value stocks in 2022 he said both ark innovation and invesco qqq trust have been badly bruised this year but the ark fund has been harder hit shares of invesco qqq trust have fallen 126 this month through wednesday bringing its yeartodate drop to 204 factset data show shares of the ark innovation etf have plunged 476 this year after dropping 252 this month through wednesday on thursday one of ark innovation etf’s top holdings teladoc health inc plummeted after the telemedicine company slashed its fullyear outlook and took a massive impairment charge shares of teladoc tdoc were down about 47 around midday thursday wood’s ark innovation etf was also down in trading thursday sliding about 7 around midday before trimming those losses to around 3 by early afternoon factset show at last check bill hwang whose family office archegos capital management imploded in march 2021 was an early investor in ark’s first four etfs “he did provide the seed for our first four etfs and we were very grateful to him” wood ark’s founder chief executive officer and chief investment officer said during a cnbc interview on may 7 2021 “it was at a time where market makers were sick of seeding new strategies” read ark’s cathie wood keeps cool over dismal may start and reveals archegos’s hwang seeded etf launches “neither archegos nor mr hwang invested in the ark etfs prior to their launches nor did they make any primary investments” a spokesperson for ark said in emailed comments “we were informed that mr bill hwang on behalf of archegos made an early de minimis investment spread over the ark etfs in the secondary market at the market price” the spokesperson said in the email “importantly we only are addressing this since mr hwang made previous public comments on this topic” ark doesn’t know whether hwang still has a position in the firm’s etfs “due to the nature of etfs trading over secondary exchanges we do not have visibility of individual holders” according to the spokesperson for ark “as a result we do not know if or when the position was exited” hwang was arrested april 27 on charges of securities fraud as he allegedly engaged in a market manipulation scheme according to a statement from the us attorney’s office for the southern district of new york his attorney lawrence s lustberg has said that hwang is “entirely innocent of any wrongdoing” and that “there is no evidence whatsoever that he committed any kind of crime” read ‘it’s a sign of me buying’ inside the indictment of archegos owner bill hwang “we have never had any business relationship with mr hwang or archegos and neither mr hwang nor archegos has ever been an investor in ark investment management llc or any of its affiliates” according to the emailed comments from the ark spokesperson so far this year it has paid off to short ark’s family of funds according to s3 short trades tied to the ark fintech innovation etf ark genomic revolution etf ark innovation etf ark autonomous technology robotics etf arkq ark next generation internet etf ark space exploration innovation etf arkx ark israel innovative technology etf izrl and 3d printing etf prnt are up a total 18 billion or around 58 this year through april 26 on a marktomarket basis data from s3 show meanwhile the tuttle capital short innovation etf sark which is betting against wood’s flagship fund has soared 65 this year based on early afternoon trading thursday according to factset data at last check read ‘private markets get it’ but disruptive tech is beatenup in the stock market says ark’s cathie wood no fund manager is immune to “factor” cycles in the market “not even cathie wood” said ullal the ark innovation etf is a very “highgrowth oriented fund” he said and investors have been favoring value the invesco sp 500 pure growth etf rpg has tumbled 237 this year through wednesday while the invesco sp 500 pure value etf rpv gained 24 over the same period factset data show as usual here’s etf wrap’s look at the top and bottom etf performers over the past week through wednesday according to factset data source factset through wednesday april 27 excluding etns and leveraged products includes nyse nasdaq and cboe traded etfs of 500 million or greater dip buyers bail on china tech etf as faith in rebound wanes bloomberg

shares of zebra technologies corp cl a zbra slid 172 to 27755 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 047 to 438871 and dow jones industrial average djia falling 072 to 3405387 this was the stocks second consecutive day of losses zebra technologies corp cl a closed 8842 short of its 52week high 36597 which the company reached on august 1st the stock underperformed when compared to some of its competitors tuesday as honeywell international inc hon fell 127 to 20040 eaton corp plc etn rose 155 to 19423 and amphenol corp cl a aph fell 134 to 8105 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

target stock is falling after the bigbox retailer reported earnings that beat expectations target reported an adjusted profit of 364 a share beating forecasts for 349 a share on sales of 2516 billion beating expectations for 2499 billion target also said that samestore sales would grow in the high single digits during the second half of the year neat the top end of its guidance target said it would buy back 15 billion worth of stock “even after unprecedented growth over the last two years we see much more opportunity ahead of us and we’re leaning into opportunities to invest in the longterm growth and resiliency of our business” ceo brian cornell said in a press release “our team and operating model can seamlessly adapt to changes in the environment and we’re wellpositioned to deliver outstanding performance in the back half of the year” target stock has dropped 32 to 24650 shares of target have gained 44 this year through tuesday’s close while the sp 500 has risen 18 and the dow jones industrial average has advanced 15

shares of starbucks corp sbux dropped 003 to 11411 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 015 to 445548 and the dow jones industrial average djia rising 010 to 3479800 the stocks fall snapped a threeday winning streak starbucks corp closed 1221 short of its 52week high 12632 which the company achieved on july 23rd the stock underperformed when compared to some of its competitors friday as pepsico inc pep rose 005 to 15420 mcdonalds corp mcd rose 067 to 24642 and yum brands inc yum rose 043 to 12552 trading volume 39 m remained 16 million below its 50day average volume of 56 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

a sign is seen on the door of a jp morgan chase branch in new york march 26 2009 reuterslucas jackson new york april 8 reuters big us banks are expected to show a sharp decline in first quarter earnings from a year ago when they benefited from exceptionally strong dealmaking and trading and funds set aside for loan losses being released net income for the six biggest us banks will be down about 35 from a year earlier according to analyst estimates from refinitiv ibes investment banking revenues stalled after the russian invasion of ukraine in late february the quarter will be challenging for the biggest banks according to analyst christopher mcgratty of keefe bruyette woods estimated revenue declines of 36 in investment banking and 18 in trading are the biggest headwind he said last year was massive for capital markets at the banks so comparisons are hard mcgratty said the quarter could be seen as shortterm pain with the promise of longterm gain analyst jason goldberg of barclays wrote in a report an example came on march 31 when pnc financial services group lowered its firstquarter revenue forecast but increased its fullyear expectations he noted investors are expected to focus more on the prospects for banks to increase their net interest income or the difference between income from loans and interest paid on deposits and other funds as they benefit from higher interest rates bank executives will be asked for views on whether the us economy will continue to grow if the war in ukraine continues and the federal reserve continues to raise interest rates to try to cool inflation they may be pressed on whether lowerincome borrowers can make repayments after the rise in gas and food prices jpmorgan chase co jpmn the largest bank in the united states reports results on wednesday on thursday citigroup inc cn wells fargo co wfcn goldman sachs group inc gsn and morgan stanley msn report bank of america corp bacn is due the following monday analysts expect preprovision net revenue which is not clouded by swings in loss reserves set during the pandemic to decline more modestly than overall profits plunge credit suisse analyst susan roth katzke expects a 7 decline in preprovision net revenue compared with a 24 decline in earnings per share at the banks she covers an area of increasing concern to investors is whether banks particularly jpmorgan are allowing expenses to increase too much jpmorgans noninterest expenses jumped 11 in the last quarter partly due to higher wages it has also warned of rising technology and acquisition costs read more banks are more exposed to possible trading losses this quarter particularly in commodities markets which turned volatile after russia launched what it calls a special military operation in ukraine some banks such as citigroup may make provisions for losses on russian businesses after western nations began imposing sanctions citigroup has said it could lose nearly half of its 98 billion exposure in a severe scenario read more another unknown is how much banks slowed their share buybacks during the quarter buybacks lift earnings per share but they may have been tempered as banks saw their excess capital dented by unrealized losses on bond holdings which fell in value as yields rose during the quarter l2n2w31xd reporting by david henry in new york additional reporting by sinéad carew editing by matt scuffham

shares of baker hughes co bkr sank 096 to 2898 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 061 to 399532 and dow jones industrial average djia falling 042 to 3396635 the stocks fall snapped a twoday winning streak baker hughes co closed 1080 below its 52week high 3978 which the company reached on march 24th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as caterpillar

shares of inovio pharmaceuticals inc ino inched 065 higher to 155 wednesday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 092 to 1207059 and the dow jones industrial average djia rising 011 to 3412805 this was the stocks second consecutive day of gains inovio pharmaceuticals inc closed 245 below its 52week high 400 which the company reached on april 5th the stock outperformed some of its competitors wednesday as johnson johnson jnj fell 165 to 15937 statera biopharma inc stab fell 381 to 003 and pfizer inc pfe fell 091 to 4332 trading volume 24 m remained 26 million below its 50day average volume of 50 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of mgm resorts international mgm rose 145 to 4971 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 028 to 456746 and the dow jones industrial average djia rising 008 to 3543807 mgm resorts international closed 054 below its 52week high 5025 which the company achieved on july 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as las vegas sands corp lvs rose 145 to 5735 draftkings inc cl a dkng rose 121 to 3098 and caesars entertainment inc czr rose 057 to 5810 trading volume 34 m remained 962288 below its 50day average volume of 43 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

moderna inc mrna said thursday its covid19 vaccine spikevax was approved by health canada for use in children aged six months to five years the biotechnology company said the twodose regimen for children in that age group is completed in one month the same as for adults adolescents and children over five years old modernas vaccine was authorized in the us last month for use in that age group modernas stock which slumped 51 in midday trading has slipped 18 over the past three months while the ishares biotechnology etf ibb has lost 71 and the sp 500 spx has dropped 143

never miss a trade again with the fastest news alerts in the world this headline only article is a sample of realtime intelligence benzinga pro traders use to win in the markets everyday want the fastest most accurate stock market intelligence want exclusive stories originated by benzinga reporters join 10000 serious traders in the benzinga pro community

shares of archer daniels midland co adm slid 196 to 7960 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 030 to 397015 and dow jones industrial average djia falling 071 to 3265670 this was the stocks third consecutive day of losses archer daniels midland co closed 1928 short of its 52week high 9888 which the company reached on april 21st the stock underperformed when compared to some of its competitors tuesday as tyson foods inc cl a tsn fell 115 to 5924 conagra brands inc cag fell 095 to 3641 and bunge ltd bg fell 174 to 9550 trading volume 59 m eclipsed its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the stock market has tumbled recently but growth stocks have finally stopped getting hit the hardest subtle shifts in the broader investing environment are responsible the russell 2000 index of smaller market capitalization stocks is down about 82 in the past month the ishares russell 2000 growth exchangetraded fund ticker iwo is down only 77

shares of alaska air group inc alk inched 042 higher to 4747 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 alaska air group inc closed 2545 short of its 52week high 7292 which the company reached on may 18th the stock underperformed when compared to some of its competitors tuesday as southwest airlines co luv rose 173 to 4459 delta air lines inc dal rose 112 to 3868 and united airlines holdings inc ual rose 187 to 4412 trading volume 19 m remained 410832 below its 50day average volume of 23 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cf industries holdings inc cf inched 015 higher to 8554 wednesday on what proved to be an allaround poor 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 cf industries holdings inc closed 2795 short of its 52week high 11349 which the company reached on april 13th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as yara international asa adr yariy fell 115 to 1979 scotts miraclegro co smg fell 002 to 8107 and sociedad quimica y minera de chile sa adr sqm rose 220 to 8312 trading volume 18 m remained 18 million 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