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Stocks on Wall Street are mixed on Wednesday after robust quarterly earnings from luxury retailers and Salesforce Inc, while manufacturing data showed demand for goods remained strong in May.
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The company also added to its position in energy giant Chevron Corp <CVX.N> while slicing its position in healthcare names including Bristol-Myers Squibb Co and Abbvie Inc <ABBV.N> during the quarter that ended in December.
[ { "end": 67, "label": "Neutral", "start": 55, "tag": "Neutral", "value": "Chevron Corp" }, { "end": 171, "label": "Neutral", "start": 161, "tag": "Neutral", "value": "Abbvie Inc" }, { "end": 156, "label": "Neutral", "start": 133, "tag": "Neutral", "value": "Bristol-Myers Squibb Co" } ]
"The number one thing that stands out is that you're going to see an acceleration of buybacks before the end of this year," said Thomas Hayes, chairman and managing member of New York-based Great Hill Capital. "Companies would rather not pay that tax ... They have this window, and you can be assured they're going to take advantage of it."
[ { "end": 208, "label": "Neutral", "start": 190, "tag": "Neutral", "value": "Great Hill Capital" } ]
"The steady rate of high growth and improved margins should calm markets that have priced in a collapsing consumer demand for streaming and TV," SEB analysts said.
[ { "end": 148, "label": "Neutral", "start": 145, "tag": "Neutral", "value": "SEB" } ]
In company news, car sales at Renault <RENA.PA> slumped in the first half after the closure of its Russian operations [nL1N2YT0CL]. State-backed Italian bank Monte dei Paschi di Siena <BMPS.MI> is getting positive feedback for a planned 2.5 billion euros ($2.5 billion) cash-call in Autumn, its CEO said [nL8N2YT2L3].
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Shares of AMD soared about 14%, mirroring the rise in peers such as Nvidia Corp <NVDA.O> which gained over 13% on signs of cooling inflation. The Philadelphia SE Semiconductor index <.SOX> surged 8.7%.
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"The partnership not only demonstrates that our platform business is highly competitive, but also that the MEB is well on track to become one of the leading open platforms for e-mobility."
[ { "end": 110, "label": "Positive", "start": 107, "tag": "Positive", "value": "MEB" } ]
The BoE is watching market conditions ahead of an expected announcement of details of its first "quantitative tightening" sales of gilts, which will speed up the reversal of its huge bond buying since the 2007-08 global financial crisis.
[ { "end": 7, "label": "Neutral", "start": 4, "tag": "Neutral", "value": "BoE" } ]
Demand, as seen by an almost 9% increase in aggregate spending power, is still too strong and may lead the Fed to stay aggressive longer than many hope, said Jack Janasiewicz, lead portfolio strategist at Natixis Investment Managers Solutions.
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Goldman Sachs, too, raised its policy rate forecast to a 75 basis point hike this month from 50 basis points previously. [nL1N30F0A5]
[ { "end": 13, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Goldman Sachs" } ]
The number of rigs drilling for gas has increased to 155 up from just 104 a year ago, according to data from field services company Baker Hughes, but there has been little further increase over the last six weeks.
[ { "end": 144, "label": "Neutral", "start": 132, "tag": "Neutral", "value": "Baker Hughes" } ]
The health insurer also raised the lower end of its adjusted annual earnings forecast by 5 cents to $5.65 per share, while maintaining the upper end at $5.75. Elevance Health <ELV.N> and UnitedHealth <UNH.N> also raised their forecast earlier this month.
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"Marathon's strong financial position and sizable share repurchase program should provide downside protection if oil demand falls...see an opportunity for increasing cash returns," said Faisal Hersi, an analyst at Edward Jones.
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This said, Katzke's highest conviction recommendations, each with ~30% total return potential are: Goldman Sachs <GS.N>, Wells Fargo <WFC.N>, Bank of America <BAC.N> and JPmorgan Chase <JPM.N>.
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��It looks like energy stocks still want to go higher,�� wrote LPL Chief Equity Strategist Jeffrey Buchbinder. ��There��s a healthy dose of pessimism baked into the sector while the fundamental outlook still looks positive overall. The sector��s strong gains since mid-July have encouragingly come without much help from oil prices.��
[ { "end": 64, "label": "Neutral", "start": 61, "tag": "Neutral", "value": "LPL" } ]
The oil and gas rig count, an early indicator of future output, rose 9 to 779 in the week to Nov. 11, its highest since March 2020, energy services firm Baker Hughes Co <BKR.N> said in its closely followed report on Friday. <RIG-USA-BHI> <RIG-OL-USA-BHI> <RIG-GS-USA-BHI>.
[ { "end": 168, "label": "Neutral", "start": 153, "tag": "Neutral", "value": "Baker Hughes Co" } ]
Calling the surge in defense aircraft orders "exceptional," Ian Shepherdson, chief economist at Pantheon Macroeconomics, adds "the surge in the headline does not change the bigger picture of a slowdown in spending, but it has not reached recession-type proportions."
[ { "end": 119, "label": "Neutral", "start": 96, "tag": "Neutral", "value": "Pantheon Macroeconomics" } ]
Still, the fall in oil and commodity prices is offering hope: Brent crude is down 10% in June and set to snap a six-month streak of gains.
[ { "end": 67, "label": "Negative", "start": 62, "tag": "Negative", "value": "Brent" } ]
From July through September, Netflix attracted 2.4 million new subscribers worldwide, more than double the 1.07 million consensus forecast of analysts polled by Refinitiv.
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Raytheon Technologies Corp <RTX.N> fell 2.1% after the aerospace supplier trimmed its 2022 sales outlook, while United Parcel Service Inc <UPS.N> added 3.0% on posting a stronger-than-expected quarterly adjusted profit.
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Mondelez said its 'Cocoa Life' scheme is now one of the four pillars of its long-term growth strategy, adding it hopes its new investment will help catalyze sector-wide collaboration to address environmental and human rights challenges in cocoa.
[ { "end": 8, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Mondelez" } ]
Though JetBlue's $3.7 billion offer is higher, Spirit has repeatedly touted Frontier's bid, citing higher long-term benefits and fewer regulatory risks compared with JetBlue.
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MKM Partners analyst Rohit Kulkarni said Uber's global and more diversified business also gave it better protection against wider macroeconomic swings.
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Delta Air Lines Inc <DAL.N> and United Airlines <UAL.O> jumped nearly 7.5% each, after the U.S. carriers raised their current-quarter revenue forecasts, even as they trimmed capacity. [nL3N2VI2U0]
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Data from market research firm IRI also showed stock levels for baby formula in U.S. stores have improved in the recent weeks.
[ { "end": 34, "label": "Neutral", "start": 31, "tag": "Neutral", "value": "IRI" } ]
Indonesia saw a nearly 500% surge in foreign visitor arrivals in April as travel continued to bounce back after the easing of COVID-19 curbs, data by Statistics Indonesia showed on Thursday. [nL4N2XP0V8]
[ { "end": 170, "label": "Neutral", "start": 150, "tag": "Neutral", "value": "Statistics Indonesia" } ]
Exxon and Chevron earned $5.5 billion and $6.3 billion, respectively, and the former returned to its years-ago strategy of big share repurchases by tripling expected buybacks through 2023 to $30 billion. Chevron got in on that as well, boosting buybacks to their most in more than a year.
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The average fund's portfolio weight in its top 10 positions, which is heavily skewed toward tech stocks, jumped to 70%, the highest concentration since Q1 2020, according to Goldman's analysis of holdings of 795 hedge funds with $2.4 trillion of gross equity positions.
[ { "end": 181, "label": "Neutral", "start": 174, "tag": "Neutral", "value": "Goldman" } ]
Tech giants including Amazon and Alphabet have also seen a rise in their valuation after blockbuster results this week. A day after Facebook owner Meta Platforms <FB.O> suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value. [nL1N2UF2F8]
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** The top gainers among H-shares were Country Garden, followed by Country Garden Services <6098.HK>, surging 8.13% and Longfor Group <0960.HK>, up by 7.98%.
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Bucking the trend, Coca-Cola Co <KO.N> raised its full-year revenue and profit forecasts on Tuesday as demand for sugary sodas stayed strong despite price increases. McDonald's Corp <MCD.N> also reported quarterly comparable sales above market expectations even as expenses soared. [nL4N2Z72F0] [nL4N2Z72FQ] (Reporting by Medha Singh in Bengaluru, additional reporting by Aniruddha Ghosh; Editing by Vinay Dwivedi) ((Medha.Singh@thomsonreuters.com; +91 80 6210 0592; Twitter:
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Silverstone-based Aston Martin could seek another experienced winner, perhaps even a champion, a promising young gun or complete rookie. There are drivers out there in all categories.
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Meta Platforms Inc <META.O> added 5.5% ahead of its quarterly report after markets close, while shares of Apple Inc <AAPL.O> rose 1.7% and those of Amazon.com Inc <AMZN.O> gained 4.4% before their results on Thursday.
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"On the one hand, he has extensive industry experience, including running Sanofi for six years. On the other, he has spent the better part of the last decade as an investor," said Stifel's Paul Matteis.
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A tourism subindex <.CSI930633> jumped more than 3%, while stocks in Spring Airlines <601021.SS> surged 4.6%, and UTour Group <002707.SZ> jumped more than 7%.
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Other chip gear makers are also rising, with ASML <ASML.AS>, KLA <KLAC.O> and Lam Research <LRCX.O> each up between 2% and 4%, with the group helping lift the Philadelphia chip index <.SOX> 0.6%.
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Munster said he expected Tesla's deliveries to grow to 1.3 million vehicles this year despite headwinds in production at its new factories and supply chain problems.
[ { "end": 30, "label": "Positive", "start": 25, "tag": "Positive", "value": "Tesla" } ]
Centene raised the lower end of its adjusted annual earnings expectations by 5 cents to $5.65 per share, while maintaining the upper end at $5.75. Elevance Health <ELV.N> and UnitedHealth <UNH.N> also lifted their forecasts earlier this month.
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The company led gains among other growth stocks, including Apple Inc <AAPL.O>, Microsoft Corp <MSFT.O> and Alphabet Inc <GOOGL.O>, all of which rose between 0.3% and 0.4%.
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Unilever has had a rocky start to the year after mounting three bids for the consumer health arm of GlaxoSmithKline <GSK.L>, - one for as much as 50 billion pounds ($53.14 billion).
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Wedbush analyst Dan Ives believes both Microsoft and Apple will post strong numbers this week, which could dictate the path of tech stocks over the coming months.
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Department store chain Macy's Inc <M.N> gained 8.1% and personal care products retailer Bath & Body Works Inc <BBWI.N> surged 21.5% after raising their annual profit forecasts.
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So far on Thursday, there is a clear tilt toward defensive S&P 500 sectors. Healthcare <.SPXHC>, staples <.SPLRCS> and utilities <.SPLRCU> are posting the best gains, while energy <.SPNY> and materials <.SPLRCM> are among weaker groups.
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In a New York Times opinion article published on Tuesday, Biden said the new weapons package will help Ukraine on the battlefield "and be in the strongest possible position at the negotiating table."
[ { "end": 19, "label": "Neutral", "start": 5, "tag": "Neutral", "value": "New York Times" } ]
With respect to its economic outlook, the bank released $48 million of reserves in the quarter, compared to rival banks JPMorgan Chase & Co <JPM.N> and Wells Fargo & Co <WFC.N>, which boosted loss provisions in the quarter. BofA's total loan loss provisions as of June 30 were $500 million.
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Home Depot now expects fiscal 2022 comparable sales to increase about 3%, compared with its previous forecast of a slight positive growth, and estimates per-share earnings to rise in the mid-single digits percentage range.
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As the pandemic was effectively controlled and the industrial chain further recovered, industrial firms' efficiency improved markedly, NBS Senior Statistician Zhu Hong said in a statement.
[ { "end": 138, "label": "Neutral", "start": 135, "tag": "Neutral", "value": "NBS" } ]
Given that higher pricing, the rise in comparable sales "implies that traffic is about flat in the quarter, which I think is a good sign," said BTIG analyst Peter Saleh.
[ { "end": 152, "label": "Neutral", "start": 148, "tag": "Neutral", "value": "BTIG" } ]
High-growth stocks such as Tesla <TSLA.O>, Apple Inc <AAPL.O>, Alphabet Inc <GOOGL.O> and Amazon.com Inc <AMZN.O> gained more than 1% each.
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Mercedes' Hamilton has a record 103 wins and 188 podiums from 303 starts. The seven-times world champion last won a race in Saudi Arabia in December and is now on the longest streak of his career without a win.
[ { "end": 8, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Mercedes" } ]
The U.S. dollar, meanwhile, continued to steamroll other currencies, rising briefly above parity versus the fragile euro and hitting five-week highs against a basket of peers as Fed officials reiterated their tightening stance. <=USD>
[ { "end": 181, "label": "Neutral", "start": 178, "tag": "Neutral", "value": "Fed" } ]
With the great mass of Nasdaq troops showing a positive change in morale, the IXIC's charge has the potential to be more forceful. This, as another breadth/momentum measure challenges its own barriers - click here: [nL1N2Z10X4]
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The unit of German carmaker Volkswagen <VOWG_p.DE> posted an operating profit for the first three quarters of 2022 of 575 million euros ($568 million), more than the 275 million euros in the same period of last year.
[ { "end": 38, "label": "Positive", "start": 28, "tag": "Positive", "value": "Volkswagen" } ]
For now, though, AmEx is benefiting from bottled-up demand and the easing of COVID-19 curbs that have sparked the strongest summer travel season since the start of the pandemic.
[ { "end": 21, "label": "Positive", "start": 17, "tag": "Positive", "value": "AmEx" } ]
Also taking centre stage will be the Bank of England. The market is fully priced for a rate hike of 75 basis points to its highest since late 2008 at 3.0%. <0#BOEWATCH>
[ { "end": 52, "label": "Neutral", "start": 37, "tag": "Neutral", "value": "Bank of England" } ]
Wedbush notes that after robust earnings from Palo Alto <PANW.O>, investor sentiment has seen a positive shift sector-wide, with deal pipelines, M&A potential and the massive shift to clouds still underway as the sectors heads into 2023.
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A former Goldman Sachs <GS.N> banker, a former FBI trainee and a technology executive were among those arrested. The seven defendants also face parallel civil charges by the U.S. Securities and Exchange Commission. [nL1N2Z61EC]
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A source familiar with the matter said on Friday that Mobileye may lower its IPO valuation estimate due to adverse market conditions.
[ { "end": 66, "label": "Negative", "start": 58, "tag": "Negative", "value": "Mobileye" } ]
"Excessive tightening may result in irreversible impacts, and for the property market's soft-landing, the BOK will have to appropriately reflect the market conditions in its monetary policy decisions," DB Financial's Moon added.
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Bloomberg reported that Bankman-Fried had told investors that FTX faced a shortfall of up to $8 billion and that the company would need to file for bankruptcy unless it received further funding.
[ { "end": 65, "label": "Negative", "start": 62, "tag": "Negative", "value": "FTX" }, { "end": 9, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Bloomberg" } ]
San Francisco accused Walgreens, Teva, Allergan, and Anda of creating a "public nuisance" by flooding the city with prescription opioids and failing to prevent the drugs from being diverted for illegal use.
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"Earnings are coming in less bad than feared, but they're deteriorating from what we got used to and accustomed to over the last several quarters," said Bob Doll, CIO at Crossmark Global Investments.
[ { "end": 198, "label": "Neutral", "start": 170, "tag": "Neutral", "value": "Crossmark Global Investments" } ]
Speaking of inflation - and when are we not? - a report from the Labor Department showed the price of goods imported to the United States <USIMP=ECI> contracted more than expected in July, dropping 1.4% from June. [nL1N2ZO0UD]
[ { "end": 81, "label": "Neutral", "start": 65, "tag": "Neutral", "value": "Labor Department" } ]
"This whole problem was created by inflation, it has to be solved by inflation. Until there is a genuine slowdown in inflation momentum, I don't think anybody can rest easy," said Rohan Khanna, strategist at UBS.
[ { "end": 211, "label": "Neutral", "start": 208, "tag": "Neutral", "value": "UBS" } ]
At 08:52 a.m. ET, Dow e-minis <1YMcv1> were down 62 points, or 0.18%, S&P 500 e-minis <EScv1> were down 2.25 points, or 0.05%, and Nasdaq 100 e-minis <NQcv1> were down 0.5 points, or flat.
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While AMD has been growing its market share quickly in the datacenter, rival Intel Corp.<INTC.O> has seen its share slip even in its latest earnings reported.
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While its lending margins in the second half did recover slightly from the first half, full-year margins were still down 13 basis points from last year. Since May, the bank has moved in step with the Reserve Bank of Australia to pass on rate hikes to its customers.
[ { "end": 225, "label": "Neutral", "start": 200, "tag": "Neutral", "value": "Reserve Bank of Australia" } ]
The storm, which weakened from hurricane force overnight, was threatening Baja California, other parts of Mexico and the U.S. Southwest with heavy rains that could cause dangerous flash flooding, landslides and mudslides, the National Weather Service (NWS) said.
[ { "end": 250, "label": "Neutral", "start": 226, "tag": "Neutral", "value": "National Weather Service" } ]
Spotify CEO Daniel Ek said late on Sunday that he might disagree with the views of some individuals on the platform but that it was "important to me that we don't take on the position of being content censor."
[ { "end": 7, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Spotify" } ]
So far, the slump has been more than offset by lively markets. Revenue from flipping stocks and bonds rose 15% at JPMorgan in the second quarter, year-on-year, and over 20% at Morgan Stanley, towering over shrunken deal fees. Trading and investment banking sit in the same divisions at both firms. But revenue derived from shifting securities is likely to go back roughly to where it was, especially as volatility in the bond market subsides.
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In response to my query, Meta sent a statement about its recusal efforts: ��We have previously expressed concern about Chair Khan��s impartiality in matters involving Meta, and we have the same concerns with regard to this case.�� An FTC spokesman referred me to the agency��s recusal rules.
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The dismal outlook is the latest setback for Novavax that has also faced manufacturing hurdles and regulatory delays amid competition with market leaders Pfizer <PFE.N> and Moderna <MRNA.O>.
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Jefferies cut its target prices for Sabadell and Bankinter respectively to 1 euro from 1.05 euros and to 5.7 euros from 6 euros.
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Among companies reporting results, Take-Two Interactive Software Inc <TTWO.O> plunged 16.6% premarket after the videogame publisher lowered its annual sales outlook, while ride-hailing firm Lyft Inc <LYFT.O> dropped 16.3% on forecasting current-quarter revenue below Wall Street estimates.
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Nvidia <NVDA.O> is sliding more than 7% after the chipmaker forecast current-quarter revenue above analysts' estimates, but reported flat gross margins from the previous quarter. The company also reported a slowdown in sales of chips used specifically by crytocurrency miners. [nL4N2UR42R]
[ { "end": 6, "label": "Negative", "start": 0, "tag": "Negative", "value": "Nvidia" } ]
The New York-based carrier on Tuesday surprised Wall Street with a $33 per share cash offer, potentially derailing a $2.7 billion merger plan between Spirit and Frontier Group Holdings Inc <ULCC.O>. [nL4N2UI2IL]
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Shares of Moderna fell nearly 2% before the bell over the delay, even though the company stuck to its vaccine sales forecast of $21 billion for 2022.
[ { "end": 17, "label": "Negative", "start": 10, "tag": "Negative", "value": "Moderna" } ]
Joseph Lavorgna, chief U.S. economist at SMBC Capital Markets, says the Fed is unlikely to reach its inflation target without kicking off a recession.
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The Dow Jones Industrial Average <.DJI> fell 0.46% to 32,001.25, the S&P 500 <.SPX> lost 1.06% to 3,719.89 and the Nasdaq Composite <.IXIC> dropped 1.73% to 10,342.94.
[ { "end": 131, "label": "Negative", "start": 115, "tag": "Negative", "value": "Nasdaq Composite" }, { "end": 32, "label": "Negative", "start": 4, "tag": "Negative", "value": "Dow Jones Industrial Average" }, { "end": 76, "label": "Negative", "start": 69, "tag": "Negative", "value": "S&P 500" } ]
CNN said the note warned against working with virtual reality developers. WCVB said the note was anonymous and issued a general warning against working with Zuckerberg.
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In Asia, equities were mostly steady in holiday-thinned trade, with both China and Japan markets shut, but in Hong Kong, Alibaba <9988.HK> shares fell as much as 9% on worries over the status of its billionaire founder Jack Ma.
[ { "end": 128, "label": "Negative", "start": 121, "tag": "Negative", "value": "Alibaba" } ]
In Asia, Japan's Nikkei <.N225> dropped 0.7%, while South Korea's Kospi <.KS11> slipped 0.2%, weighed partly by a decline in Samsung shares.
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Nor is inflation the only problem: Ratings agency Fitch warns that the Czech Republic, Hungary and Slovakia are among the most vulnerable to a Russian gas supply cut-off.[nL8N2YG2G4]
[ { "end": 55, "label": "Neutral", "start": 50, "tag": "Neutral", "value": "Fitch" } ]
The slowdown "is weighing on affordability particularly for new buyers, forcing some into the rental market, which then creates further upside pressure on rent prices,�� says David Tinsley, senior economist at the Bank of America Institute.
[ { "end": 238, "label": "Neutral", "start": 213, "tag": "Neutral", "value": "Bank of America Institute" } ]
"The scenario of a soft landing is ... extremely difficult to achieve in the environment that we're in today," Wells Fargo Chief Executive Officer, Charlie Scharf, said at the conference.
[ { "end": 122, "label": "Neutral", "start": 111, "tag": "Neutral", "value": "Wells Fargo" } ]
On Monday, the benchmark S&P 500 <.SPX> marked a more than 20% decline from its most recent record closing high, confirming a bear market began on Jan. 3, according to a commonly used definition.
[ { "end": 32, "label": "Negative", "start": 25, "tag": "Negative", "value": "S&P 500" } ]
Population growth has become a hot topic in the tech industry, with Tesla Inc <TSLA.O> CEO Elon Musk saying birth rates are too low to sustain the United States.
[ { "end": 77, "label": "Neutral", "start": 68, "tag": "Neutral", "value": "Tesla Inc" } ]
Rising prices and a lack of hit titles have added to problems for video game publishers Activision Blizzard Inc <ATVI.O> and Electronic Arts <EA.O> that are also battling supply-chain delays and a shift in consumer choices due to easing lockdowns.
[ { "end": 111, "label": "Negative", "start": 88, "tag": "Negative", "value": "Activision Blizzard Inc" }, { "end": 140, "label": "Negative", "start": 125, "tag": "Negative", "value": "Electronic Arts" } ]
Since 2010, volume growth in the electric utility sector has been stagnant at ~1% per year nationally, according to UBS analyst Ross Fowler.
[ { "end": 119, "label": "Neutral", "start": 116, "tag": "Neutral", "value": "UBS" } ]
Drugmaker Eli Lilly and Co <LLY.N> issued an apology after an imposter account tweeted that insulin would be free, amid political backlash and scrutiny into the high prices of the medicine.
[ { "end": 30, "label": "Negative", "start": 14, "tag": "Negative", "value": "Eli Lilly and Co" } ]
New Relic generated revenue of $786 million in fiscal year 2022, up 18% year-over-year, while its loss widened to $229 million from $171 million. It shares have lost half of its value since November 2021.
[ { "end": 9, "label": "Negative", "start": 0, "tag": "Negative", "value": "New Relic" } ]
The Dow Jones Industrial Average <.DJI> fell 50.35 points, or 0.15%, to 33,799.11, the S&P 500 <.SPX> lost 12.5 points, or 0.32%, to 3,951.44 and the Nasdaq Composite <.IXIC> dropped 79.10 points, or 0.72%, to 10,970.40.
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"Small business owners remain very pessimistic about the second half of the year as supply chain disruptions, inflation, and the labor shortage are not easing." writes Bill Dunkelberg, NFIB's chief economist at NFIB.
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By midday, the Dow Jones Industrial Average <.DJI> was down 685.76 points, or 2.24%, at 29,982.77, and the S&P 500 <.SPX> was down 114.83 points, or 3.03%, at 3,675.16, with both indexes hitting their lowest levels since January 2021.
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At 08:39 a.m. ET, Dow e-minis <1YMcv1> were down 24 points, or 0.07%, S&P 500 e-minis <EScv1> were down 8.75 points, or 0.2%, and Nasdaq 100 e-minis <NQcv1> were down 39 points, or 0.28%.
[ { "end": 148, "label": "Negative", "start": 130, "tag": "Negative", "value": "Nasdaq 100 e-minis" }, { "end": 85, "label": "Negative", "start": 70, "tag": "Negative", "value": "S&P 500 e-minis" }, { "end": 29, "label": "Negative", "start": 18, "tag": "Negative", "value": "Dow e-minis" } ]
SMIC dropped 4%, chip equipment maker NAURA Technology Group Co <002371.SZ> sank 10% by the daily limit, and Hua Hong Semiconductor plunged 9.5%.
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Musk previously said Tesla's new factories in Texas and Berlin were struggling to boost production, calling them "gigantic money furnaces" which were losing billions of dollars.
[ { "end": 26, "label": "Negative", "start": 21, "tag": "Negative", "value": "Tesla" } ]
Japan's video game giants Sony Group Corp <6758.T> and Nintendo Co Ltd <7974.T> already released their results in previous weeks, but nonetheless appeared to be affected by graphics chip maker Nvidia's overnight earnings that pointed to weakness in the gaming market.
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And even though Generali sees potential equities returns in the next 6-12 months, it has still increased its underweight on the asset, citing several headwinds.
[ { "end": 24, "label": "Neutral", "start": 16, "tag": "Neutral", "value": "Generali" } ]
Handelsbanken analyst Karri Rinta said he thought it unlikely that PMI would up its bid, viewing the likelihood of an activist investor succeeding as low.
[ { "end": 13, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Handelsbanken" } ]