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shares of snclavalin group inc snc inched 012 higher to c3326 monday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 089 to 2027828 trading volume of 236540 shares remained below its 50day average volume of 362302 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
with interest rates remaining high people have aggressively moved cash into moneymarket funds exactly the kind of shift that is raising problem for banks it’s a smart move though it isn’t entirely riskfree the appeal of money funds is clear stocks are looking risky and rates on all sorts of shortterm cashlike fixedincome assets have risen the 3month treasury yield rose to as high as 5 a few days ago and is now at around 48 compared with around 44 to start the year similar yields and movements are seen in the oneyear treasury note | 0 |
rio tinto plc on monday named dominic barton canadas ambassador to china to succeed simon thompson as chairman of the worlds second biggest mining company by market value mr barton who has been a canadian ambassador since 2019 spent more than three decades at mckinsey co including as global managing partner and asia chairman rio tinto said he will join rio tintos board on april 4 2022 and be appointed as chairman following the miners australian shareholder meeting on may 5 the company said mr thompson who has held the role of chairman for four years and been a director since 2014 will leave the board on may 5 rio tinto said | 0 |
sellers on the new york stock exchange nyse are exhibiting paniclike behavior according to the arms index which is a volumeweighted breadth measure the arms or trin tends to rise above 1000 when the stock market falls as the ratio of declining volume to advancing volume exceeds the ratio of the number of declining stocks to the number advancing stocks with the dow jones industrial average djia dropping 576 points or 19 and the sp 500 spx sinking 25 in morning trading the nyse arms rose to 2558 as decliners outnumbered advancers by 161 to 1 while declining volume topped up volume by 413 to 1 many on wall street interpret a reading of 2000 as a sign of panic selling which some view as a contrarian bullish signal since it suggests capitulation but the last time the nyse arms closed above 2000 was when the dow dropped 1071 points on sept 22 and the dow fell 486 points the next day before that the arms closed above 27988 on sept 13 when the dow slid 1276 points but the dow rose just 30 points the next day before starting a sixday losing streak in which it tumbled 1885 points meanwhile the nasdaq composite comp shed 34 but the nasdaq arms rose to just 1109 | 0 |
three arbitrators ruled that unitedhealthcare group inc unh must pay damages of 91 million in a 2018 dispute over billing practices that disappeared from public view after the proceedings moved from federal court to a secretive arbitration panel envision healthcare a kkr co inc kkrowned company sued unitedhealthcare in 2018 financial times reported envision employs doctors for emergency rooms and anaesthesiology departments in several us hospitals also read unitedhealth posts q1 profit of 56b on strong optum health plans lifts earnings outlook unitedhealthcare disagreed with the decision and noted that envision had asserted many claims that the arbitrators had denied the report also added that unitedhealthcare filed a lawsuit last year claiming envision overcharged for routine work by submitting bills indicating that patients would have risked death or permanent impairment unless they had received immediate and complex care in a statement to financial times unitedhealthcare said it would “continue efforts to protect our members and customers from the small number of bad actors who demand unreasonable and anticompetitive rates for their services and drive up the cost of care for everyone” envision counters that it is the victim of a longrunning campaign by unitedhealthcare to avoid paying legitimate medical bills price action unh shares are down 038 at 49384 on the last check tuesday | 0 |
shares of bank of america corp bac rose 182 to 3364 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 156 to 415517 and the dow jones industrial average djia rising 129 to 3281250 the stocks rise snapped a twoday losing streak bank of america corp closed 1647 below its 52week high 5011 which the company reached on february 10th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as jpmorgan chase co jpm rose 105 to 11361 citigroup inc c rose 169 to 5161 and wells fargo co wfc rose 236 to 4389 trading volume 297 m remained 159 million below its 50day average volume of 457 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
bmo capital sees over 400 upside for this small geneediting stock | 0 |
sept 9 reuters two federal reserve officials said on thursday that they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest dallas fed president robert kaplan and boston fed president eric rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and cash savings and that they would not trade in those accounts as long as they are serving in their roles | 0 |
shares of illinois tool works inc itw rallied 160 to 24581 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 004 to 416787 and dow jones industrial average djia falling 014 to 3405170 this was the stocks third consecutive day of gains | 0 |
hollywood actors were duped into extending negotiations for two weeks by studios who wanted more time to promote their summer blockbuster movies union president fran drescher told afp on thursday the screen actors guild sagaftra last month postponed their initial strike deadline in the hope of thrashing out a deal with the likes of netflix and disney over demands for better pay and more protection against artificial intelligence that extension failed to yield any progress in talks which collapsed on wednesday night with the union representing some 160000 performers calling a strike for midnight thursday 0700 gmt friday we in good faith gave them an extension with the hope that they would make deep inroads and we would really have something to discuss drescher the star and cocreator of 1990s sitcom the nanny told afp but we were duped they stayed behind closed doors they kept canceling our meetings wasting time it was probably all to have more time to promote their summer movies because nothing came out of it that was significant during that twoweek period major premieres have been held around the world for summer blockbuster movies including warners barbie universals oppenheimer and paramounts mission impossible dead reckoning part one sagaftra rules prevent actors from promoting their movies and shows during a strike had the strike begun earlier stars such as tom cruise margot robbie and ryan gosling would have had to skip glitzy red carpet events a key tool used by studios to drum up publicity and hopefully box office receipts redcarpet premieres set for the next few weeks are now being canceled such as paramounts special ops lioness or scaled back like disneys haunted mansion i actually was surprised but i think that i may have been naive because this was my first big negotiation said drescher elected sagaftra president in 2021 i really thought that we could come to a meeting of the minds that they could see how dramatically this new business model has been foisted upon the entire industry she said referring to the changes wrought by streaming one of actors primary grievances concerns the dropoff in payments known as residuals the substantial sums that performers used to receive when successful shows or films they had starred in were rerun on television have allbut disappeared because streamers today refuse to disclose their audience figures instead streamers pay the same flat rate for all programs available on their platforms which can mean a tiny return for a global smash hit its just crazy to me that they wouldnt want to sit down and say we need to bring you into this in an honorable and respectful way so you can live with this significant change said drescher the truth of the matter is they didnt do that despite her frustration with the studios drescher insisted that sagaftras door is open to continue negotiations the strike is not the end its just the next step we would love to continue to negotiate with him but the ball is in their court | 0 |
shares of resmed inc rmd inched 013 higher to 22214 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 010 to 410911 and the dow jones industrial average djia rising 030 to 3358652 this was the stocks eighth consecutive day of gains resmed inc closed 2585 below its 52week high 24799 which the company achieved on april 11th trading volume 510290 remained 99634 below its 50day average volume of 609924 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of home depot inc hd sank 009 to 31461 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 040 to 429714 and the dow jones industrial average djia rising 045 to 3391244 home depot inc closed 10600 short of its 52week high 42061 which the company reached on december 6th the stock demonstrated a mixed performance when compared to some of its competitors monday as lowes cos low rose 076 to 20804 and kingfisher plc adr kgfhy fell 032 to 615 trading volume 39 m eclipsed its 50day average volume of 35 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of midamerica apartment communities inc maa rallied 149 to 15774 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 075 to 385297 and the dow jones industrial average djia rising 040 to 3326977 the stocks rise snapped a twoday losing streak midamerica apartment communities inc closed 7022 short of its 52week high 22796 which the company achieved on january 5th the stock underperformed when compared to some of its competitors wednesday as avalonbay communities inc avb rose 175 to 16432 equity residential eqr rose 172 to 5985 and udr inc udr rose 171 to 3925 trading volume 598186 remained 38019 below its 50day average volume of 636205 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of oracle corp orcl inched 071 higher to 8758 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 130 to 400287 and the dow jones industrial average djia rising 098 to 3256060 this was the stocks fourth consecutive day of gains oracle corp closed 364 below its 52week high 9122 which the company reached on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors tuesday as microsoft corp msft rose 057 to 27378 alphabet inc cl c goog rose 384 to 10584 and alphabet inc cl a googl rose 366 to 10492 trading volume 67 m remained 462573 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 | 0 |
the nokia corp adr nok shed 249 to 470 monday on what proved to be an allaround grim trading session for the stock market with the nasdaq composite index comp falling 158 to 1104950 and dow jones industrial average djia falling 145 to 3384946 the adrs fall snapped a threeday winning streak nokia corp adr closed 170 below its 52week high 640 which the company reached on december 28th the adr demonstrated a mixed performance when compared to some of its competitors monday as blackberry ltd bb fell 083 to 480 apple inc aapl fell 263 to 14422 and motorola solutions inc msi fell 091 to 26598 trading volume 151 m remained 108 million below its 50day average volume of 258 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of pfizer inc pfe slid 128 to 5164 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 016 to 383139 and the dow jones industrial average djia falling 042 to 3096782 this was the stocks second consecutive day of losses pfizer inc closed 1007 short of its 52week high 6171 which the company reached on december 20th the stock underperformed when compared to some of its competitors tuesday as johnson johnson jnj fell 077 to 17814 merck co inc mrk rose 024 to 9264 and novartis ag adr nvs fell 009 to 8428 trading volume 184 m remained 61 million below its 50day average volume of 245 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of capri holdings were rising sharply in premarket trading wednesday after the parent company of versace jimmy choo and michael kors posted betterthanexpected quarterly profits and sales and lifted fiscalyear guidance sales for capri ticker cpri totaled 13 billion in the fiscal second quarter above estimates of 127 billion and 17 higher than a year earlier adjusted earnings were 153 a share beating estimates of 95 cents | 0 |
now that meta platforms reportedly is planning significant layoffs as it deals with a drop in revenue and a sharp decline in profitability the company’s enormous capital expenditures could be the next target of cuts that makes sense there is no need for the company formerly known as facebook to spend more than exxon mobil xom the wall street journal reported sunday that meta could lay off thousands of workers off a base of about 87000 employees the company declined to comment on the layoff report it had no comment on capital spending but referred barron’s to recent comments by chief strategy officer dave wehner saying the outlays could yield competitive advantages | 0 |
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 | 0 |
annual consumer inflation in the united states cooled to its lowest rate since 2021 the labor department said wednesday an encouraging sign for policymakers who have been battling to rein in cost pressures the key inflation gauge the consumer price index cpi rose 30 percent from a year ago last month down from 40 percent in may and slightly lower than analysts expected | 0 |
londonbengaluru jan 28 reuters copper prices are set to languish this year weighed down by weaker demand as rising interest rates curb economic growth while mines churn out more supply benchmark copper hit a record peak at 1074750 a tonne in may last year boosted by pentup demand as growth accelerated when pandemic lockdowns were eased and the market faced tight supplies and sliding inventories but copper has remained relatively static since then partly owing to slower growth in top consumer china the return of supply predominantly from south america will weigh heavily on copper prices in 2022 said caroline bain at capital economics the cash copper contract on the london metal exchange lme is expected to average 9370 a tonne in 2022 a median forecast of 25 analysts showed 47 lower than thursdays closing price we expect the major bear factor for coppers price in 2022 to be the us fed adjusting monetary policy said liberum analyst tom price analysts expect a copper market deficit of 37000 tonnes this year and a surplus of 286000 tonnes in 2023 compared with an 82000 tonne surplus forecast for 2022 in the october poll the top performing base metal on the lme so far this year is aluminium it has gained 10 after touching 13year highs in 2021 largely thanks to production curtailments in china and europe because of power issues analysts expect an aluminium market deficit of 609000 tonnes this year up from the 396000 tonne deficit forecast in octobers poll we expect power supply issues in china to continue through the winter heating season but wetter weather from the second quarter should help to ease the power shortages berenbergs richard hatch said most analysts however believe that much of the tightness is already reflected in the price forecasting lme cash aluminium to average 2780 a tonne in 2022 down 108 from the current price nickel prices soared to more than 24000 a tonne this month the highest for more than a decade on booming demand for electric vehicles and sliding inventories but analysts expect lme cash nickel to average 19921 a tonne this year 126 lower than the latest close we could see softer stainless demand later in the first quarter due to production reductions in china through the olympics said tyler broda at rbc capital markets prices could also be pressured by rising supplies from top producer indonesia the global nickel market is forecast to be in deficit to the tune of 17000 tonnes in 2022 shifting to a surplus of 34000 tonnes next year reporting by eric onstad and seher dareen editing by pratima desai and david goodman | 0 |
shares of gopro inc gpro rallied 669 to 1116 friday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 100 to 1586096 and the dow jones industrial average djia rising 050 to 3610031 this was the stocks second consecutive day of gains gopro inc closed 263 below its 52week high 1379 which the company achieved on march 22nd the stock outperformed some of its competitors friday as canon inc adr caj rose 097 to 2286 trading volume 72 m eclipsed its 50day average volume of 23 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of phillips 66 psx inched 082 higher to 10826 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 114 to 413729 and the dow jones industrial average djia rising 111 to 3424593 this was the stocks second consecutive day of gains phillips 66 closed 527 short of its 52week high 11353 which the company achieved on november 14th trading volume 26 m remained 533095 below its 50day average volume of 31 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of gap inc gps inched 042 higher to 966 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 001 to 415452 and dow jones industrial average djia falling 023 to 3389701 this was the stocks third consecutive day of gains gap inc closed 583 below its 52week high 1549 which the company reached on february 3rd the stock demonstrated a mixed performance when compared to some of its competitors wednesday as amazoncom inc amzn rose 196 to 10430 and tjx cos tjx rose 032 to 7801 trading volume 78 m remained 12 million below its 50day average volume of 90 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
schroders plc sdr shares advanced 321 to £463 tuesday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 076 to 750289 schroders plc closed £153 short of its 52week high £616 which the company achieved on january 4 trading volume 16 m remained 862260 below its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of cardinal health inc cah slid 167 to 7471 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 076 to 398135 and the dow jones industrial average djia rising 105 to 3300357 cardinal health inc closed 686 short of its 52week high 8157 which the company achieved on november 7th the stock underperformed when compared to some of its competitors thursday as amazoncom inc amzn fell 004 to 9213 unitedhealth group inc unh rose 052 to 47770 and cvs health corp cvs fell 126 to 8143 trading volume 22 m remained 395266 below its 50day average volume of 26 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
bhp group ltd bhp shares inched up 028 to £2365 friday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 047 to 756437 bhp group ltd closed £516 below its 52week high £2881 which the company reached on january 26 trading volume 524124 remained 896445 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 | 0 |
rep alexandria ocasiocortez dny stopped by a queens united parcel service ups ups hub on saturday to show support for workers who authorized their union on friday to call a strike as soon as aug 1 contract talks broke off this week with both sides claiming the other had walked away from the table if the strike goes ahead it will be the largest labor strike in the us in decades the teamsters represent more than 325000 ups employees in the us where the company has nearly 450000 employees overall 97 percent of whom voted in favor of the strike authorization the unions primary contention revolves around securing higher pay and more fulltime jobs for employees and pay disparities for a category of driver who typically works on weekends ups maintains parttimers average 20 an hour and after 30 days could be eligible for health care and tuition assistance teamster leadership also argues that ups workers are not being compensated fairly in view of upss 2022 profits of nearly 14 billion especially after drivers consistently worked throughout the pandemic ocasiocortez was joined by united auto workers president shawn fein and teamsters president sean m obrien to demand fair contracts from ups “this shouldnt even be a fight” ocasiocortez said saturday “ups raked in 16 billion in profit last year and theyre trying to say that we cant afford parttimers to pay them a living wage i dont think so” in 2022 ups delivered an average of 243 million packages per day totaling 62 billion during the year per its website the company delivers roughly a quarter of all us parcel volume some estimates put the economic impact of a 10day strike at more than 7 billion as cnn pointed out ups isn’t just another large shipping company it carries 6 of america’s gross domestic product in its trucks “this strike is a serious threat to the us economy” said patrick anderson president of anderson economic group a michigan think tank with expertise in strikes “the sheer scale of the number of people and the breath of impact across the country is very serious and the degree to which us economy has become dependent on fast delivery of small items that can be carried by ups hasn’t really been tested” | 0 |
the bp plc adr bp slumped 062 to 3977 tuesday on what proved to be an allaround rough trading session for the stock market with the nasdaq composite index comp falling 250 to 1149230 and dow jones industrial average djia falling 206 to 3312959 this was the adrs second consecutive day of losses bp plc adr closed 161 below its 52week high 4138 which the company reached on february 14th the adr underperformed when compared to some of its competitors tuesday as eni spa adr e fell 007 to 3033 totalenergies se adr tte rose 071 to 6270 and exxon mobil corp xom fell 010 to 11117 trading volume 86 m remained 901456 below its 50day average volume of 95 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of ww grainger inc gww sank 040 to 50570 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 031 to 470121 and the dow jones industrial average djia rising 010 to 3575475 the stocks fall snapped a fourday winning streak ww grainger inc closed 472 short of its 52week high 51042 which the company reached on december 7th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as fastenal co fast fell 054 to 6287 watsco inc cl b wsob rose 266 to 30719 and snapon inc sna rose 020 to 21470 trading volume 181619 remained 40272 below its 50day average volume of 221891 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
the bank of canada’s surprise interest rate increase this month was “appropriate” the international monetary fund says in its latest update on the canadian economy the rate rise from 450 to 475 and ending a fourmonth pause reinforces the bank of canada’s commitment to bring inflation down to target imf economists write the central bank on june 7 cited strongerthananticipated growth and mounting worries that inflation could get stuck at elevated levels for lifting rates by a quarterpoint or the ninth increase in 15 months the imf says the bank of canada should raise rates again “should data warrant it” | 0 |
gold slid to fresh threemonth lows on wednesday as expectations for more centralbank interestrate hikes later this year have diminished the appeal of the yellow metal gold futures for august delivery gc00 gcq23 fell by 850 or 04 to 1915 per ounce on comex silver futures for september delivery si00 siu23 declined by 13 to 2285 per ounce september palladium pau23 fell by 47 or 36 to 1247 per ounce while october platinum plv23 shed 950 or 1 to 924 per ounce copper futures for september hgu23 declined by 4 cents or 09 to 375 per pound a rally in gold in the past few months has fizzled as central bankers around the world including federal reserve chairman jerome powell have promised more interestrate hikes to come this represents a sharp turnaround for the yellow metal which had reached the secondhighest settlement on record for a mostactive contract back in may when it finished at 205570 an ounce on may 4 gold’s highest level on record arrived on aug 6 2020 when prices finished at 206940 per ounce according to dow jones market data now the yellow metal is nearing a technical turning point as the mostactive contract nears the 1900 per ounce level craig erlam senior market analyst at oanda said in emailed commentary wednesday that demand for gold has declined as investors bet on more rate hikes later this year “gold is slipping again this week after initially breaking below its recent range just over a week ago it’s now falling to a new threemonth low and appears to be closing in on 1900 which could represent the next big test of support for the yellow metal” erlam said “appetite for gold has dwindled as investors have increasingly come around to the reality that not only could more rate hikes be in the pipeline but rate cuts this year are now highly unlikely inflation is proving even more stubborn than expected on the way down and that’s bad news for gold” | 0 |
shares of intel corp intc shed 254 to 2951 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 112 to 414558 and dow jones industrial average djia falling 069 to 3305551 intel corp closed 1542 short of its 52week high 4493 which the company reached on june 1st the stock underperformed when compared to some of its competitors tuesday as nvidia corp nvda fell 157 to 30688 trading volume 293 m remained 131 million below its 50day average volume of 424 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
trading in the stock market used to require a mastery of all sorts of wall street jargon these days you also need to be fluent in emoji if a post on a reddit wall street message board contains icons of rocket ships pointing upward you best pay attention some of reddit’s favorite rockets are soaring again on monday even though benchmark equity gauges are weaker from mallbased retailers like gamestop corp and express inc to telecom blasts from the past such as blackberry ltd and nokia oyj the rwallstreetbets forum is minting small fortunes for retail traders who get in and out of the favored names at the right time | 0 |
shares of dollar tree inc dltr slid 022 to 15157 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 003 to 453634 and the dow jones industrial average djia rising 001 to 3522769 dollar tree inc closed 2411 short of its 52week high 17568 which the company reached on july 22nd the stock underperformed when compared to some of its competitors friday as amazoncom inc amzn rose 003 to 13000 walmart inc wmt rose 057 to 15837 and costco wholesale corp cost rose 016 to 55786 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
hong kong stocks opened higher on tuesday with the benchmark hang seng rising 3 in morning trade despite continuing unrest in china over xi jinping’s strict covid19 restrictions investors and traders weighed in some good news on the chinese regulatory front that intends to support the property sector market participants are keenly eyeing federal reserve chair jerome powell’s speech on wednesday “our rulebased estimates for the us federal funds rate ffr indicate this year’s aggressive rate hikes have brought policy rates into line with neutrality but further hikes are needed to bring inflation back to target” anz research said in a note shares of li auto jumped over 6 in morning trade alibaba baidu and jdcom rose over 4 macro news china’s finance ministry said on monday it will extend tariff exemptions on some imported products from the united states until may 31 2023 reported reuters china securities regulatory commission has said some multiyear restrictions on stock sales by developers will be removed to support the “stable and healthy” development of the sector reported bloomberg company news pinduoduo inc pdd reported thirdquarter revenue growth of 65 yearonyear at 499 billion beating the consensus of 431 billion nios nextgeneration models will enter the us reported cnevpost citing local media outlet latepost top gainers and losers country garden services holdings company limited and alibaba health information technology limited are the top gainers among hang seng constituents hengan international group company limited and clp holdings limited are among the top losers global news us futures traded in the green on tuesday morning asia session the dow jones futures were up 003 while the nasdaq futures gained 018 the sp 500 futures were trading higher by 014 elsewhere in asia pacific australia’s asx 200 was up 011 japan’s nikkei 225 traded 047 lower while china’s shanghai composite index gained 127 south korea’s kospi rose 034 read next top economist elerian urges caution over short and shallow recession consensus call plan for range of possible outcomes | 0 |
the short end of the yield curve was mostly higher continuing a move seen after the feds actions wednesday the 2year treasury yield was up by 43 basis points to 0256 the yield on the benchmark 10year treasury note fell 7 basis points to 1441 at 400 pm et the yield on the 30year treasury bond shed 86 basis points to 2015 yields move inversely to prices one basis point is 001 longterm us treasury yields ebbed lower on friday as investors continued to take in the federal reserves heightened inflation expectations and soonerthanexpected rate hike projections longterm yields fell even after the fed raised its inflation expectations on wednesday the fed also indicated that an interest rate hike could come as soon as 2023 after saying in march that it saw no increases until at least 2024 shortterm yields have gained after the feds update and longterm yields have declined in a socalled flattening of the treasury curve this reflects expectations for the fed to eventually raise shortterm rates while economic growth slows over the longterm yields edged slightly higher on friday after st louis fed president james bullard told cnbc that he forecasts an initial interest rate increase happening in 2022 were expecting a good year a good reopening but this is a bigger year than we were expecting more inflation than we were expecting the central bank official said on squawk box i think its natural that weve tilted a little bit more hawkish here to contain inflationary pressures bullard is not a voting member of of the federal open market committee for 2021 but the st louis fed president serves as an alternate member in a note sent to cnbc on thursday kleinwort hambros chief investment officer fahad kamal said that based on the feds policy update and chairman jerome powells comments to the press on wednesday central banks still looked to remain expansionary for now he sees inflation as transitory in the short term and expects it to move lower in 2022 as an aging population supplychain efficiency and technologydriven productivity gains exert lasting disinflationary pressures | 0 |
shares of mg plc mng slipped 137 to £201 thursday on what proved to be an allaround dismal trading session for the stock market with the ftse 100 index ukx falling 032 to 759974 mg plc closed 2870 pence below its 52week high £230 which the company reached on march 2 trading volume 44 m remained 56 million below its 50day average volume of 100 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of metlife inc met slipped 183 to 6601 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 238 to 401782 and dow jones industrial average djia falling 194 to 3227279 this was the stocks second consecutive day of losses metlife inc closed 717 below its 52week high 7318 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors thursday as prudential plc adr puk fell 288 to 2566 assurant inc aiz fell 204 to 17876 and unitedhealth group inc unh fell 083 to 48943 trading volume 39 m remained 249037 below its 50day average volume of 42 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
if history is any guide there may be trouble ahead for shares of welltower op well a socalled death cross has formed on its chart and not surprisingly this could be bearish for the stock what to know many traders use moving average crossover systems to make their decisions when a shorterterm average price crosses above a longerterm average price it could mean the stock is trending higher if the shortterm average price crosses below the longterm average price it means the trend is lower why its important the 50day and the 200day simple moving averages are commonly used the death cross occurs when the 50day moves below the 200day this could mean the longterm trend is changing that just happened with welltower op which is trading around 8164 at publication time instead they use it as a signal to start looking for short positions based on other factors like price levels and company fundamentals events for seasoned investors this is just a sign that it might be time to start considering possible short positions with that in mind take a look at welltower ops past and upcoming earnings expectations also consider this overview of welltower op analyst ratings do you use the death cross signal in your trading or investing share this article with a friend if you found it helpful this article was generated by benzingas automated content engine and reviewed by an editor | 0 |
shares of dollarama inc dol shed 098 to c8367 wednesday in what proved to be an allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 026 to 2035468 dollarama inc closed c221 short of its 52week high c8588 which the company achieved on december 8th trading volume of 432235 shares remained below its 50day average volume of 625003 | 0 |
ken griffin is in a class of his own headlining an upanddown year for other hedge fund managers was an up and down year for the world’s top hedge fund investors with markets seesawing amid war in eastern europe rising inflation and interest rate hikes as a group the 20 richest hedge fund billionaires on forbes’ 2023 world’s billionaires list are worth 245 billion–up 4 billion from a year ago but their individual returns have varied dramatically ken griffin is riding high after posting the most profitable year of any hedge fund in history he’s worth an estimated 35 billion 78 billion more than a year ago and nearly triple what he was worth in 2020 citadel’s flagship wellington fund gained 38 in 2022 while the sp 500 fell nearly 20 and the firm’s assets swelled so much that it returned 7 billion in profits to investors at the beginning of this year the stellar year easily makes griffin the planet’s wealthiest hedge fund billionaire well ahead of no 2 jim simons who founded quantitative trading firm renaissance technologies and is worth an estimated 281 billion no 3 on the ranking is ray dalio the retired founder of bridgewater associates the world’s biggest hedge fund dalio has an estimated net worth of 191 billion in total forbes counts 47 hedge fund billionaires who have a combined net worth of 312 billion up slightly from the same number in 2022 who were worth 310 billion citadel llc griffin’s hedge fund business generated an estimated 16 billion in net gains for investors last year–the most that fund of funds lch investments has ever tracked in its annual ranking of the world’s top hedge fund managers–pushing citadel’s net gains since inception to an unparalleled 65 billion the wellington fund is a multistrategy fund with investments in commodities equities fixed income credit and quantitative strategies citadel’s specialized funds for fixed income and equities also posted strong gains of 326 and 214 respectively the hedge fund–which griffin moved from chicago to miami in 2022–generated net trading revenue of 287 billion in 2022 including fees equivalent to banking giant jpmorgan’s capital markets revenue its cumulative net return of 118 since 2020 far outpaces the sp 500’s 25 gain over the same period the hedge fund business makes up about onethird of griffin’s net worth according to forbes estimates about half comes from citadel securities griffin’s marketmaking business which provides liquidity for investors to execute trades and is separate from the hedge fund citadel securities sold a minority stake to venture capital investor sequoia capital and cryptocurrency firm paradigm at a 22 billion valuation in january 2022 the rest of his estimated fortune consists of personal assets including substantial collections of real estate and art plus other investments griffin sits atop a mostly american affair with nine of the ten wealthiest hedge fund managers hailing from the us including simons dalio david tepper estimated net worth 185 billion steve cohen 175 billion and carl icahn 175 billion the richest investor from overseas is michael platt 16 billion who returned outside investors’ capital in 2015 and converted his bluecrest capital management into a family office since then his reported returns have been eyepopping generating at least 25 in every year since 2016 and claiming a record return of 153 in 2022 thanks to a gamble that inflation and interest rates would increase more than most expected alan howard’s brevan howard was another british firm that recorded an impressive year with a 20 return in its master fund and a 28 return for its alpha strategies fund the firm’s assets under management sank from a peak of 40 billion in 2013 to less than 10 billion in 2018 following a string of lackluster returns but assets have rebounded sharply to 30 billion today howard’s net worth is now at an alltime high estimate of 36 billion up from 32 billion a year ago not every hedge fund manager had a year to celebrate–particularly investors specializing in long tech investments that had enjoyed an extended run of success in the bull market following the 2008 financial crisis techheavy firm tiger global’s hedge fund declined by 56 last year though the majority of its assets are now in its venture funds and founder chase coleman’s net worth is down to an estimated 85 billion from 103 billion a year ago fellow “tiger cub” andreas halvorsen’s viking global investors fell 18 in its longonly fund though its longshort fund remained relatively steady with a 2 drop pushing halvorsen’s net worth down to 59 billion from 65 billion here are the 20 richest hedge fund managers on forbes’ 2023 world’s billionaires list griffin’s citadel has become the envy of the hedge fund industry after several years of outperformance have separated it from its peers griffin founded the multistrategy firm in 1990 and it now manages 57 billion in assets his marketmaking firm citadel securities founded in 2002 is also a revenuegenerating machine handling more than 25 of all us stock trades simons founded long islandbased renaissance technologies in 1982 his esteemed quantitative trading firm which manages some 50 billion in assets is famous for its medallion fund a 10 billion blackbox strategy that is only open to renaissance owners and employees though simons officially retired in 2010 he is still involved at the firm and continues to benefit from its funds dalio founded bridgewater associates in 1975 out of his twobedroom apartment in new york and turned it into the world’s largest hedge fund firm he retired as coceo of bridgewater in 2017 and stepped away as chairman and cochief investment officer in 2021 and 2022 respectively and the firm’s assets have taken a hit during the transition today bridgewater manages 124 billion in assets down from 168 billion at its peak at the end of 2019 tepper runs appaloosa management which boasted annualized returns of 25 in its first 25 years he steadily returned money to clients over the last decade and now operates appaloosa as a family office with 14 billion in assets according to lch investments he bought the nfl’s carolina panthers in 2018 for 23 billion cohen founded hedge fund point72 asset management which has 27 billion of assets under management the firm started managing outside capital in 2018 following a twoyear supervisory ban stemming from insidertrading charges leveled at cohen’s previous firm sac capital cohen bought the new york mets baseball team for 24 billion in 2020 and has spent freely on highprofile free agents to make the franchise a championship contender the activist investor has been making an impact on corporate america for decades and shares of his primary investing vehicle icahn enterprises rose slightly in 2021 he made a profit of approximately 250 million buying twitter stock after elon musk signed a merger agreement to buy the company and said he would have considered waging a proxy fight if the deal fell through this march icahn launched a proxy battle with illumina nominating three directors to the board and pushing the dna sequencing company to divest its 71 billion 2021 acquisition of healthcare firm grail platt is the cofounder and ceo of bluecrest capital management which he started in 2000 after nearly a decade at jpmorgan at its peak in 2013 bluecrest was one of the worlds largest hedge funds with more than 35 billion of assets under management after a push into equities and poor results led to investor exits he returned outside investors money in 2015 remaking the firm into a family office it has flourished since then generating at least 25 returns every year including a 95 net return in 2020 and 153 in 2022 izzy englander founded millennium management in 1989 with 35 million from friends and family today his hedge fund firm manages 58 billion its main multistrategy fund returned 124 in 2022—generating 8 billion in net gains for investors according to lch investments he founded tiger global in 2001 it flew high for its first two decades boasting an annualized net return of 21 in its hedge fund through 2021 but it gave more than half those cumulative gains back in 2022 with a brutal 56 loss as tech markets cooled most of tiger global’s assets are now in its venture funds which it reportedly marked down by onethird last year as well a former computer science professor at columbia university shaw founded his quantitative hedge fund de shaw in 1988 known for using sophisticated mathematical modeling and algorithms the fund now manages more than 60 billion in assets shaw stepped away from daytoday operations in 2002 leaving an executive committee to oversee the firm | 0 |
rivian should start its ipo roadshow soon if the allelectric truck maker doesn’t go public soon—certainly if it overshoots its own thanksgivingish timeframe—it risks an incredible opportunity to raise capital and it’s hard to imagine a better time for a hot ev startup to sell stock rivian didn’t respond to a request for comment on when its ipo roadshow the event that precedes the stock sale would begin | 0 |
barrick gold corp shares rose in early trading on wednesday after the canadian miner reported that profit and revenue didnt fall as much as expected and raised its dividend to include a performance component at 937 am et barricks torontolisted shares were up 1 at 2906 canadian dollars us2264 after reaching a high of c2951 barrick reported adjusted earnings also fell reaching 26 us cents a share in the period according to factset analysts were expecting 24 us cents a share revenue fell to us285 billion from us296 billion while analysts expected a fall to us28 billion the board declared a quarter dividend of 20 us cents a share which includes a 10 us centashare performance component for the first time in line with its new dividend policy | 0 |
borqs technologies incs board of directors has approved a 1for16 reverse split of its common stock the company said friday that every 16 issued and outstanding shares would be converted into one share of common stock beginning june 27 borqs technologies provides 5g wireless solutions internet of things solutions and innovative clean energy with operations in the us india and china chief executive pat chan said in prepared remarks that the reverse stock split is needed for the companys common shares to remain listed on nasdaq continental stock transfer trust co is acting as the exchange agent | 0 |
a general view of the bank of england boe building the boe confirmed to raise interest rates to 175 in london britain august 4 2022 reutersmaja smiejkowskafile photo london sept 12 reuters the bank of england said on monday that it would suspend its chaps interbank payment services and sterling money market operations on sept 19 the day of queen elizabeths funeral in line with its normal practice for public holidays the boe also said that the period over which interest is calculated for reserves deposited with it would be extended until sept 21 reflecting the oneweek delay to its september monetary policy decision which will be announced on sept 22 | 0 |
south koreas central bank on wednesday hikes its key interest rate by half a percentage point to a decade high as it tries to tackle surging inflation and support the plunging won the bank of korea bok lifted borrowing costs to three percent the highest since 2012 marking the latest in a series of increases since last year when they were at rock bottom to fight the impact of the pandemic additional inflationary pressures and the risks to the foreign exchange sector have increased affected by the rising korean won to us dollar exchange rate while inflation has remained high the central bank said in a press release the latest decision comes as asias fourthlargest economy recovers from a covidinduced slowdown with a rebound in demand although it is now struggling with rising fuel and raw material prices it is the banks fifth consecutive hike and a return to a faster pace of tightening after a quarter point raise in august highlighting efforts to support the won which is at a 13year low the won depreciation is making inflation worse in korea which is heavily reliant on energy imports south koreas consumer prices jumped 56 percent onyear in september fuelled by accelerating costs for personal services and processed food products the central bank said domestic economic growth is expected to slow gradually affected by the global slowdown and the increase in interest rates the board sees continued rate hikes as warranted as inflation is expected to remain high it added led by the us federal reserve central banks around the world have launched a series of rate increases as russias war in ukraine has led to a surge in energy and food prices that has driven up inflation the international monetary fund cut its 2023 global growth forecast to 27 percent and trimmed its outlook for south korea next year to two percent from 21 percent | 0 |
shares of eversource energy es inched 061 higher to 9284 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 095 to 416068 and the dow jones industrial average djia rising 080 to 3318014 the stocks rise snapped a twoday losing streak eversource energy closed 179 short of its 52week high 9463 which the company reached on april 21st the stock outperformed some of its competitors tuesday as dominion energy inc d rose 045 to 8310 national grid plc adr ngg fell 074 to 7062 and consolidated edison inc ed rose 039 to 9848 trading volume 994198 remained 452379 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 | 0 |
shares of dte energy co dte advanced 107 to 12625 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 115 to 392105 and dow jones industrial average djia falling 071 to 3176154 this was the stocks fourth consecutive day of gains dte energy co closed 1398 below its 52week high 14023 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as xcel energy inc xel rose 108 to 7021 wec energy group inc wec rose 171 to 10065 and eversource energy es rose 061 to 8540 trading volume 544399 remained 451124 below its 50day average volume of 995523 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
small things can lead to big reactions and that seems to be the case with bank stocks on thursday as a massive loss at svb financial sivb has caused stocks like jpmorgan chase jpm bank of america bac and wells fargo wfc to get pummeled here’s what’s happening silicon valley bankparent svb financial announced last night that it had sold securities from its portfolio for a 18 billion loss while also announcing plans to raise capital via an offering of common and preferred stock svb financial stock has tumbled 55 to 11935 on thursday the selling didn’t stop there the entire banking sector has gotten hammered with the spdr sp bank etf kbe off 68 and the spdr sp regional banking etf kre down 78 no one has been immune jpmorgan stock has fallen tk while bank of america has dropped tk and wells fargo has declined tk smaller banks have gotten hit even harder with zions bancorporation zion down 95 comerica cma off 84 and key corp key off 64 even charles schwab schw has tumbled 10 two issues appear to be at play the first is the massive losses that svb had to take on its bond portfolio calling into question just how much the securities banks own are worth if they are forced to sell most of the time though banks don’t have to sell but with yields rising holding on to deposits has gotten much harder and that could force other banks to sell their securities or raise interest rates for depositors hurting net interest margins for svb problems in silicon valley have also led to companies burning through their cash and causing deposits to dwindle now investors are extrapolating to the rest of the industry sometimes it takes just one snowflake to start an avalanche | 0 |
analysts at mizuho raised their price target on tesla inc tsla shares to 300 from 230 representing an upside of about 9 over friday’s prices they kept their rating on the stock at buy june auto sales were “strong” but weakness may be ahead for the sector the analysts said “we continue to see high prices remaining … with offsetting factors including inventory builds dealer inventory up 74 yy and softer demand which could be headwinds” they said tesla shares have gained 130 this year compared with an advance of about 15 for the sp 500 index spx the stock is looking at a weekly gain of more than 5 despite losses on friday and the previous session | 0 |
a continuation of strike action at nuclear reactors owned by electricite de france sa could have serious consequences for electricity supply in france this winter according to an analysis published tuesday by transmissionsystem operator rte a subsidiary of edf as of this week frances nuclear operations remain at the level initially forecast but a delay to maintenance work at reactors would reduce supply for at least the first part of november rte said in its report which forecasts frances energy outlook for the midoctober to midnovember period strikes began last week at some edf reactors as workers demand higher wages a prolongation of the social movement would have major consequences for the deep of winter rte said edf itself last week warned that the industrial action could lead to power outages at some reactors though it stressed there were no nuclearsafety concerns rte said there remains a very low risk of energy shortages for the next two weeks and a moderate risk for the beginning of november the strikes aside gas stocks in france in europe are very high it said there is meanwhile a very low probability of severe weather conditionsnotably harsh early cold snapsin the coming weeks it said | 0 |
shares of sealed air corp see sank 061 to 6714 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 030 to 477873 and dow jones industrial average djia falling 025 to 3639808 the stocks fall snapped a fourday winning streak sealed air corp closed 070 short of its 52week high 6784 which the company achieved on december 29th the stock demonstrated a mixed performance when compared to some of its competitors thursday as westrock co wrk fell 014 to 4422 aptargroup inc atr fell 018 to 12188 and berry global group inc bery fell 080 to 7334 trading volume 351754 remained 470922 below its 50day average volume of 822676 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
stockholm sept 30 reuters inflation in sweden running at 90 in august should start to fall back soon though it is impossible to say exactly when it will return to the central banks 2 target deputy governor per jansson said on friday energy prices look to have peaked interest rates are rising and there is a clear fiscal and monetary policy framework to operate in all these together mean that there is a good argument and opportunity for us to get control of this in the period ahead jansson said during a speech | 0 |
shares of ralph lauren corp cl a rl slipped 165 to 10117 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 039 to 394994 and dow jones industrial average djia falling 013 to 3370028 the stocks fall snapped a twoday winning streak ralph lauren corp cl a closed 3482 short of its 52week high 13599 which the company achieved on february 22nd the stock demonstrated a mixed performance when compared to some of its competitors monday as vf corp vfc fell 221 to 3235 hanesbrands inc hbi fell 075 to 661 and pvh corp pvh fell 265 to 5875 trading volume 508944 remained 506372 below its 50day average volume of 10 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of taylor devices inc were trading higher on the nasdaq friday after the company reported higher earnings and revenue for its fourth quarter at 1207 pm edt the companys shares were trading 187 higher at 10 per share volume at the time was just over 85000 shares above the stocks 65day average volume of 2989 shares before the bell friday taylor devices reported earnings per share of 43 cents on sales of 96 million in the year ago period the company reported eps of 2 cents on sales of 72 million for the full year taylor said its sales were 308 million up from last years 225 million tim sopko the companys chief executive said all three of our customer product groups aerospacedefense structural and industrial finished at levels greater than their respective averages over the prior five years for bookings sales and backlog which is indicative of the overall relative improvement across the business taylor devices said it designs makes and sells shock absorption rate control and energy storage devices | 0 |
after a pandemic period in which many turned to ecommerce the accenture 15th annual holiday shopping survey found that 70 of gen z consumers plan to do their holiday shopping in a brickandmortar location but the stores they’re heading to will incorporate some of the digital bells and whistles all consumers have come to appreciate “the pandemic forced older generations to overcome their hesitancy to shop online an ongoing trend identified by our findings” said oliver wright head of accenture’s acn global consumer goods and services group in the report more than half of baby boomers 54 plan to do most of their holiday shopping online “on the flipside younger consumers – who are already comfortable online – appear to be seeking out services and experiences that go beyond shopping” wright said see walmart target home depot and other large retailers are chartering ships to bypass supply chain problems will the strategy save christmas “retailers and consumer goods companies must tap into these behavioral shifts and push forward with their reinvention in order to engage a diverse multigenerational marketplace of millions of individuals” amazon amzn has announced its entry into the departmentstore space following bookstores its fourstar stores whole foods market and stores that use its just walk out technology the new store will include features like hightech dressing rooms and qr codes that will alert associates that customers want to try on an item of clothing according to the wall street journal but the ecommerce giant isn’t alone in its efforts to reimagine the modern store as a more personalized experience nordstrom inc jwn which has its roots in departmentstore retailing has also jumped into new formats and technologies with local stores that have no inventory but lots of services and the introduction of livestream shopping earlier this year filmed at its new york city flagship kohl’s corp kss and macy’s inc m have added instore partnerships with sephora shops heading to the former for an “elevated beauty experience” and toys ‘r’ us at the latter part of an effort to broaden the product categories found under its roof also signet leaves the mall with 490 million diamonds direct acquisition raises fullyear guidance macy’s has also proposed a 235 million upgrade to the herald square neighborhood surrounding its new york city flagship with an office tower and transportation access that will make it more integral to the midtown landscape “a new store doing more” is how cowen describes the transformation with the analysts group’s three c’s of maximum importance convenience culture and curation included in that is the use of technology to make transactions between online and inperson seamless creating physical events that can’t be replicated digitally and tapping into consumer lifestyles with more personalization and creating a sense of community among a retailer’s customer base through engagement “how do you start moving towards a delightful experience” asks michelle decker associate principal at callisonrtkl a global architecture and design practice the answer isn’t simply lots of robots and gadgets though that’s usually part of the modern store plan “the technology in the stores of the past were big flashy screens pushing boundaries of technology you wouldn’t see at home” said decker now it’s about creating a more inclusive environment “the store of the future is moving towards more tailored curated experiences” she said “the experience of walking into a store will be different for everyone who crosses the threshold” so if the lights are too bright in the fitting room for some customers perhaps there’s technology installed that will allow customers to dim them and retailers are learning how to better incorporate a customer’s online preferences into a trip to the store “customer data can be used in a way to make things a little better” she said and weight gain during covid19 especially among younger consumers is driving changes in the way americans eat and dress “every retailer is trying to understand the customer so online is the best way to start” decker also suggests that companies determine the different functions that a store space is meant to serve for example nike’s digital live stores are tailored to be “locallyrelevant” based on shopping patterns and app usage in a geographic area whether long beach calif or williamsburg brooklyn target corp tgt stores have become key fulfillment hubs with pickup services continuing to grow in popularity and cutting the cost of getting items purchased online into a customer’s hand with all of these functions stores have gone beyond just places where shoppers buy stuff decker said in the past a company scoped out a neighborhood picked the best spot and set up shop prepared to ring up sales “now it’s very specific why you want to have this location and there’s discussion among many teams – marketing branding architecture entertainment – to create a store that works for a purpose” she said | 0 |
shares of carrier global corp carr shed 168 to 5375 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 003 to 453634 and the dow jones industrial average djia rising 001 to 3522769 this was the stocks third consecutive day of losses carrier global corp closed 183 below its 52week high 5558 which the company achieved on july 19th the stock underperformed when compared to some of its competitors friday as honeywell international inc hon rose 031 to 20860 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
restaurant brands international inc reported tuesday a rise in profit in its fourth quarter benefiting from strong performance across its main restaurant brands the canadian fastfood holding company which houses the tim hortons and burger king brands reported net income of 336 million or 74 cents a share for the period ended dec 31 up from 262 million or 57 cents a share a year earlier on an adjusted basis pershare income slipped to 72 cents a share while analysts polled on factset expected this metric to remain flat at 74 cents a share total revenue rose to 169 billion from 155 billion in line with analysts expectations systemwide sales which are the total sales across franchises and companyowned restaurants rose to 102 billion from 932 billion meanwhile comparable sales were generally lower than a year earlier across its brands at its two largest brands tim hortons sales grew at a rate of 94 down from 103 while burger king growth was at 84 from 113 meanwhile popeyes delivered growth of 38 up from a contraction of 04 a year ago | 0 |
march 1 reuters swiss logistics group kuehne und nagel international ag knins on wednesday reported a 43 drop in fourthquarter operating profit citing the economic slowdown and said it expected challenges from geopolitical developments and inflation to persist in 2023 its earnings before interest and tax ebit fell to 644 million swiss francs 68460 million in the final quarter of 2022 from 112 billion francs a year earlier reporting by anastasiia kozlova and anna mackenzie in gdansk editing by milla nissi | 0 |
us stocks finished lower friday giving up earlier gains after a report from the labor department showed a slowdown in job creation robust wage growth and a low unemployment rate in june all three major equity indexes booked weekly losses for the week the dow dropped 2 the sp 500 fell 12 and the nasdaq declined 09 the dow saw its largest weekly decline since march according to dow jones market data us stocks ended down after a choppy trading session friday as investors weighed data showing the number of jobs created in june was the smallest increase in about two and a half years the department of labors employment report on friday showed the us economy created 209000 jobs last month below the 240000 forecast by economists polled by the wall street journal see jobs report shows 209000 gain in june smallest increase since end of 2020 the data were taken as a sign that the federal reserves interestrate hikes were finally starting to cool the labor market but other details of the report suggested that the fed would still face pressure to continue raising interest rates the equity market is in a tricky situation said seb vismara global macro economist and strategist at bny mellon investment management in a phone interview friday risks remain to the upside in terms of interest rates the us economy remains too strong for core inflation to quickly fall back to 2 putting pressure on the fed to keep hiking rates this year and potentially hold them there for longer than anticipated he said although job growth has been cooling and openings recently fell wage growth seen in fridays employment report points to households remaining in quite good shape according to vismara average hourly earnings grew at a pace that was higher than expected he said this remains an economy where incomes are growing strongly average hourly earnings increased 04 percent last month for a yearoveryear rise of 44 the report shows while the unemployment rate edged down to 36 in june from 37 in may the labor market data did little to dissuade us from the view that the employment dynamic in the us is still solid said rick rieder blackrocks chief investment officer of global fixed income and head of the firms global allocation investment team in emailed commentary friday the full labor market picture is clearly still running at a decent level and shows little sign of rolling over even as interest rates move higher and higher federalfunds futures on friday afternoon indicated a 924 chance of the fed hiking its benchmark rate by a quarter percentage point in july to a targeted range of 525 to 55 according to cme fedwatch tool at last check readfeds goolsbee says job data show labor market is cooling to sustainable pace the yield on the 2year treasury note has dropped back below 5 falling 73 basis points friday to 4931 according to dow jones market data tenyear treasury yields were little changed at 4047 other analysts noted the us economys resilience this year job growth slowed in june but the yeartodate increase of 278000 jobs per month is very strong versus history in fact the last time the us created this many jobs per month over a sixmonth period prepandemic was 1999 said ronald temple chief market strategist at lazard in emailed commentary friday the feds tightening measures are working but with 165 open jobs per unemployed person wage growth of 04 per month and quit rates at 26 per month there is still work to do to put the inflation genie back in the bottle he said a hike in july remains my base case as does one additional hike thereafter us stocks have started the second half of 2023 with a pullback as all three major indexes ended friday with weekly losses still the sp 500 has risen 146 so far this year according to factset data stock prices in the first half have already run ahead and discounted a norecession scenario said anthony saglimbene chief market strategist at ameriprise financial in a phone interview friday if we get that then stocks can move a little higher he said if we dont then i think stocks are in for more volatility in the second half this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal | 0 |
shares of sherwinwilliams co shw rose 135 to 24936 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 031 to 3373396 and the sp 500 index spx falling 007 to 401695 this was the stocks third consecutive day of gains sherwinwilliams co closed 5063 short of its 52week high 29999 which the company reached on january 26th the stock outperformed some of its competitors tuesday as home depot inc hd rose 070 to | 0 |
shares of abbott laboratories abt inched 054 higher to 10452 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 033 to 415132 and the dow jones industrial average djia rising 030 to 3398718 this was the stocks third consecutive day of gains abbott laboratories closed 1983 below its 52week high 12435 which the company achieved on april 21st the stock outperformed some of its competitors monday as johnson johnson jnj fell 010 to 16567 trading volume 48 m remained 492943 below its 50day average volume of 53 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of otis worldwide corp otis were indicated down nearly 1 in premarket trading monday after the elevator and escalator maker reported firstquarter profit that topped expectations but revenue that came up shy and lowered its sales outlook to exclude its russia business net income rose to 311 million or 73 cents a share from 308 million or 71 cents a share in the yearago period excluding nonrecurring items adjusted earnings per share rose to 77 cents from 72 cents above the factset consensus of 74 cents sales grew 02 to 341 billion but was below the factset consensus 345 billion as new equipment and service sales both came up just shy of expectations for 2022 the company adjusted its profit and sales outlook to exclude russia and cut its net sales outlook to 141 billion to 143 billion from 144 billion to 147 billion and revised its adjusted eps guidance range to 322 to 327 from 320 to 330 the stock has dropped 157 year to date while the sp 500 spx has lost 104 | 0 |
cathie woodled ark investment management on thursday sold 70723 shares of gene editing company crispr therapeutics ag crsp valued at over 558 million via its flagship fund for ark innovation etf arkk crispr is its fifth largest holding with a weight of 483 according to holdings data on the firms website as of thursday the flagship fund currently holds over 6 million shares in crispr valued at over 493 million during the end of july its ceo samarth kulkarni sold 25000 shares sec filings showed also read alibaba slips 1 nio xpeng rise over 3 hang seng opens firmer after mixed wall street session analyst rating citigroup has increased the price target on the firm’s shares to 83 while maintaining a neutral rating according to data from benzinga pro stock movement the stock ended thursday up 042 at 7891 other trades arkk bought 28048 shares of cancer diagnostics firm exact sciences corporation exas valued at over 138 million based on the stocks last close exact sciences is the sixth largest holding of the fund at a weight of 466 the stock closed 372 higher on thursday the fund also bought 113483 shares of pacific biosciences of california inc pacb shares valued at over 650000 as of thursday’s close the fund currently holds over 138 million shares in the firm valued at over 72 million with a weight of 071 pacific biosciences shares ended 1152 higher at 581 on thursday | 0 |
shares of state street corp stt shed 112 to 7221 thursday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 037 to 438189 and the dow jones industrial average djia falling 001 to 3394671 this was the stocks fourth consecutive day of losses state street corp closed 2253 short of its 52week high 9474 which the company reached on february 14th despite its losses the stock outperformed some of its competitors thursday as bank of america corp bac fell 214 to 2796 morgan stanley ms fell 213 to 8450 and goldman sachs group inc gs fell 169 to 31958 trading volume 16 m remained 13 million 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 | 0 |
shares of colgatepalmolive co cl inched 020 higher to 7441 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 016 to 399105 and dow jones industrial average djia falling 026 to 3304509 colgatepalmolive co closed 940 short of its 52week high 8381 which the company achieved on august 19th the stock underperformed when compared to some of its competitors wednesday as procter gamble co pg rose 042 to 14050 trading volume 36 m remained 623573 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 | 0 |
dollar tree inc raised its fullyear sales guidance saying that it expects americans continue to hunt for deals as inflation weighs on pocketbooks at the same time the discount retailer said it expects fullyear profit to be in the lower half of its guidance as the company itself grapples with inflationary pressures across its business we believe we will continue to be part of the solution to millions of households seeking value at a time when they need us most chief executive mike witynski said dollar tree said it now expects fiscal 2022 sales of 2814 billion to 2828 billion compared with prior guidance of 2785 billion to 2810 billion the company said it expects samestore sales for the year to rise by a midsingledigit percentage driven by strength in its dollar tree segment and slower growth in its family dollar segment earnings for the year are expected to be in the lower half of its prior guidance of 710 a share to 740 a share the company said the continued strength of consumable sales is expected to pressure margins and the company is still grappling with inflationary cost pressures for the fiscal fourth quarter the company expects sales of 754 billion to 768 billion based on a mid to highsingledigit increase in samestore sales write to will feuer at willfeuerwsjcom | 0 |
shares of resmed inc rmd slid 181 to 22020 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 113 to 385593 and dow jones industrial average djia falling 101 to 3070623 resmed inc closed 7155 short of its 52week high 29175 which the company achieved on september 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as thermo fisher scientific inc tmo fell 139 to 53216 medtronic plc mdt fell 136 to 8846 and koninklijke philips nv adr phg fell 303 to 1760 trading volume 331148 remained 152599 below its 50day average volume of 483747 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
prague jan 31 reuters the czech national bank is likely to deliver one more largerthanstandard interest rate hike when it meets on feb 3 as it seeks to further cool an inflation spike which is expected to slow this year a reuters poll showed on monday wanting to anchor rising inflation expectations the central bank has raised its main rate by a total 300 basis points at its last three policy meetings including a 125 basispoint hike in november that was the biggest in 24 years in the reuters poll nine out of 12 analysts predicted the bank would follow that series of hikes by lifting the twoweek repo rate czcbireci by 75 basis points to a 20year high of 450 two poll respondents saw a 50 basispoint hike and one expected a full percentagepoint rise central european rate setters have been raising interest rates since last year to contain inflation spurred by global supply chain disruptions and rising material costs as well as strong domestic labour markets and rising wages last week the us federal reserve also signaled a rate hike in march in the czech republic central bankers have said that another heftier hike was possible in february board member vojtech benda told reuters that while a hike bigger than 50 basis points was possible the main rate should not surpass 5 in the cycle that view of rates peaking at or below 5 in the months ahead has also been flagged by governor jiri rusnok and other board members analysts in the poll mostly shared that outlook with only one respondent predicting the main rate would surpass 5 most analysts who gave an outlook saw a heftier hike in february followed by a standard 25basispoint move in march the central bank is seeking to keep firms and consumers inflation expectations from becoming unanchored during this surge in inflation czech inflation hit a 13year high of 66 in december and the central bank has forecast the headline rate could climb past 9 in the early months of 2022 and possibly above 10 reporting by mirka krufova writing by robert muller editing by jan harvey | 0 |
cruise line operator carnival shares were poised to fall on thursday after the company said it will sell 1 billion of new stock the stock traded down more than10 at 992 in the premarket the company is selling the new shares at 995 | 0 |
shares of magna international inc mg dropped 325 to c8157 friday in what proved to be an otherwise allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 057 to 2023604 magna international inc closed c1017 short of its 52week high c9174 which the company reached on february 2nd trading volume of 739388 shares remained below its 50day average volume of 785853 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
heidelbergcement ag on wednesday backed its outlook for fullyear growth despite a hit to profit from higher costs in the first quarter the german cement maker made profit from current operations before depreciation and amortization of 394 million euros 4149 million falling 27 compared with the first quarter of the previous year on an adjusted operating margin that fell to 89 from 136 previously operating profit fell nearly 60 to eur91 million the fall in profitability was attributable to the significantly higher costs of energy and transport in the quarter heidelbergcement said with price increases able to only partially offset this revenue in the quarter rose 12 to eur443 billion thanks to price increases across the group as volumes remained flat on year in most business areas the company said despite the lower profit in the quarter the company said it is still aiming to attain the fullyear financial goals it previously set out these include strong growth in revenue and a slight increase in operating profit for 2022 in both cases before consolidation and exchange rate effects the efficiency programs with a focus on our sales prices and costs are starting to deliver results chairman of the managingboard dominik von achten said we thus expect to see strong growth momentum for the rest of the year | 0 |
shares of invesco mortgage capital inc ivr rose 191 to 320 monday on what proved to be an allaround great trading session for the stock market with the nasdaq composite index comp rising 063 to 1559592 and the dow jones industrial average djia rising 026 to 3591384 the stocks rise snapped a twoday losing streak invesco mortgage capital inc closed 140 below its 52week high 460 which the company achieved on june 10th the stock outperformed some of its competitors monday as annaly capital management inc nly rose 189 to 862 agnc investment corp agnc rose 163 to 1618 and starwood property trust inc stwd rose 161 to 2588 trading volume 64 m eclipsed 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 | 0 |
shares of general dynamics corp gd shed 048 to 20746 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 064 to 479656 and the dow jones industrial average djia rising 068 to 3658506 general dynamics corp closed 275 short of its 52week high 21021 which the company achieved on october 22nd trading volume 721441 remained 268841 below its 50day average volume of 990282 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of morgan stanley ms shed 027 to 8069 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 the stocks fall snapped a fourday winning streak morgan stanley closed 2904 short of its 52week high 10973 which the company reached on february 10th the stock underperformed when compared to some of its competitors thursday as jpmorgan chase co jpm rose 039 to 12460 bank of america corp bac rose 048 to 3587 and citigroup inc c rose 007 to 4544 trading volume 65 m remained 16 million below its 50day average volume of 81 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of braemer hotels resorts inc were among the highest percentage gainers in fridays afterhours market following news of a recent purchase of shares by director mary evans at 414 pm et the companys shares had gained 12 to trade at 407 the stock finished the days regular session flat at 363 on thursday the stock touched a twoyear low of 347 after the bell friday braemer said ms evans recently purchased 2750 shares at 363 each her direct ownership is now 3875 shares the company said in a filing with the securities and exchange commission | 0 |
shares of mohawk industries inc mhk rallied 104 to 11064 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 110 to 398616 and dow jones industrial average djia falling 096 to 3179087 the stocks rise snapped a twoday losing streak mohawk industries inc closed 9219 below its 52week high 20283 which the company achieved on august 31st the stock outperformed some of its competitors tuesday as fortune brands home security inc fbhs fell 014 to 6226 trex co inc trex rose 044 to 4743 and armstrong world industries inc awi fell 090 to 8523 trading volume 547618 remained 26953 below its 50day average volume of 574571 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
london stock exchange group plc lseg shares inched up 008 to £7372 thursday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 089 to 779404 london stock exchange group plc closed £1240 short of its 52week high £8612 which the company reached on august 22 trading volume 534554 remained 80214 below its 50day average volume of 614768 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
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cc may contain inaccuracies how would you characterize it i know we have that ppa that you know everything feels hot in terms of the economy in terms of inflation but i guess the direction of travel is what a flattening out maybe of that and the markets are trying to figure out what that means for prices what were doing now is were still raising some of the excess inflation from the pandemic but the point is that across all inflation measures a very very broad level of inflation that seems to be about four or five percent around the core level maybe a little bit higher and thats why i think weve got a very very deeply entrenched level i think were gonna really really struggle to get inflation below 4 percent without a deep recession and thats why to me i think 4 percent is the floor for fed yields i actually think that its more likely the fed ends its cycle on a 5 percent or higher handled than it does on a 3 percent handle i think the idea that theyll stop before before 4 percent is absolutely crazy it requires a major collapse in the economy coming soon i just dont see that the consumer spending the jobs market still pretty strong and yes were seeing a slowdown but were seeing a slowdown from incredible strength before but 5 percent mark thats a real reckoning for equity and bond markets completely but like you know if you tell me that ok it might be 6 percent fine my point is that below 4 percent just seems crazy we have a floor of inflation i just dont see how were gonna get inflation back below 4 percent without causing that recession and so youre not going to cause that recession unless you tighten financial conditions if we try to stop or if the fed tries to stop policy id like three and a half three point seventy five percent all theyre just going to do is fuel a bigger inflation problem were gonna go back into the 70s where we keep on thinking weve tamed it because we see a peak and we dont understand that doesnt actually bring inflation down and then you get really really stuck inflation expectations and if we do make that massive policy mistake at stopping yield rise that three point seventy five percent say and thinking that will be sufficient well then were ultimately heading for a volcker moment in a few years time because we will have created a much deeper inflation problem so mark i wonder whether we need to you know talk less about inflation than i know we talk about inflation all the time but we really need to look at the labor market in the us because the longer the labor market holds up the more aggressive the fed will be i think thats right i mean im hearing a lot of people saying look its time to switch to the jobs market because inflation has peaked maybe like i think both are still important but i mean in the same way that like i do i didnt want to rebut about inflation peak its about how sticky there are the jobs market ultimately is going to be very important for when the fed will kind of realize they can ease off a bit but at the moment its so hot wouldnt you record unemployment levels so i think the jobs market needs to ease a lot from here before we really start caring about a tipping point so actually im not that excited about the short term jobs prints to me it is still about the breadth of prices in there away from the big catalyst and i know we have jackson hole as you say the next big event to august 25 what you think markets will be looking so we do a fed minutes next week you know i think thatll be interesting i think that the chance that it probably comes across as us maybe towards 50 basis points in september but with optimism that they are data dependent but i think the rest the message should be hawkish and i think again well kill that idea of a fed pivot next year which we are still pricing in i think seems absolutely crazy | 0 |
keyence corp shares rose sharply monday morning after the sensor company posted a 27 jump in firsthalf net profit and boosted its fiscalyear dividend forecast the companys shares were recently 70 higher at 55340 yen after rising as much as 10 earlier keyence said friday after market close that net profit climbed to y18064 billion 122 billion for the sixmonth period ended sept 20 from y14178 billion a year earlier revenue rose 25 to y44400 billion as manufacturers worldwide maintained capital expenditures the sensor company said keyence boosted its fiscalyear dividend forecast to y300 a share from y200 that compares with the dividend of y200 a share paid the previous fiscal year keyences secondquarter operating profit of y1387 billion exceeded nomuras estimate of y1310 billion nomura analyst kentaro maekawa said in a research note recovering from y1028 billion the previous quarter when chinas covid19 lockdowns weighed on shipments coupled with the dividend increase the quarterly results left a slightly positive impression mr maekawa said the topix subindex for electronics companies was recently 22 higher and the nikkei stock average was up 14 | 0 |
ppg industries inc on monday cut its guidance for the third quarter on the back of lower sales in europe and china and warned about operating amid continuing challenging conditions in the fourth quarter the supplier of paints coating and specialty materials said thirdquarter adjusted earnings per share are set to be between 5 and 7 below the low end of its latest forecasted range of 175 to 2 the pittsburghbased company wasnt able to offset lower sales with higher selling prices it said adding that sales were hit by a softer demand for its products in europe and a slower recovery in the chinese market due to a resumption of covid19 restrictions the decline in sales volumes was especially pronounced in september and drove the reduction in the earnings benefit amid reduced manufacturing efficiencies ppg said regarding its fourthquarter performance ppg said it expects to continue to be hit by softer demand conditions and unfavorable foreign currency exchanges but added that segment earnings per share are set to grow by nearly 20 in the quarter as yearoveryear segment margin recovery momentum accelerates the companys fourthquarter outlook will be supported by an expected rise in selling prices between 10 and 12 it added | 0 |
shares of borgwarner inc bwa advanced 220 to 3672 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 021 to 418396 and the dow jones industrial average djia rising 019 to 3330193 the stocks rise snapped a fourday losing streak borgwarner inc closed 1883 below its 52week high 5555 which the company achieved on june 3rd the stock demonstrated a mixed performance when compared to some of its competitors wednesday as honeywell international inc hon fell 070 to 18635 cummins inc cmi rose 225 to 19487 and magna international inc mga rose 271 to 6101 trading volume 15 m remained 773238 below its 50day average volume of 22 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of quanta services inc pwr sank 016 to 14026 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 this was the stocks second consecutive day of losses quanta services inc closed 907 below its 52week high 14933 which the company reached on august 25th the stock demonstrated a mixed performance when compared to some of its competitors thursday as emcor group inc eme rose 412 to 13444 mastec inc mtz fell 022 to 7566 and dycom industries inc dy fell 042 to 11632 trading volume 751508 remained 235933 below its 50day average volume of 987441 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
a look at the day ahead in european and global markets from kevin buckland european shares look poised to rally after a wave of optimism that a us debt ceiling deal could be reached as soon as the weekend which lifted stocks on wall street and in asia investors keyed in on an agreement between president joe biden and top congressional republican kevin mccarthy to negotiate a deal directly with biden cutting short an asia trip to return to talks on sunday analysts highlighted how both parties agreed to new smaller teams to continue negotiations which they took as a sign that discussions have moved to a more advanced stage so still work to do and still room for twists in this tale before the treasury runs out of cash as soon as june 1 which would trigger a disastrous firstever default the air may be getting thin in some stock markets particularly japans the nikkei came within 130 points of its highest since 1990 back in the days of the bubble economy after smashing through 30000 a day earlier for the first time in 20 months the nasdaq is on the cusp of a 13month peak and the dax is hovering near its highest since january of last year may is traditionally a month for selling but the us default timeline is delaying the start of traders summer vacations so several analysts still predict a correction is coming but maybe not until june the european data cupboard is largely bare today meaning the next macro focal point will be a smattering of us indicators including the philly fed survey jobless claims and existing home sales some resilient data lately has suggested the fed doesnt need to rush to cut rates and the market has even priced a 1in5 chance of a quarterpoint hike in june from next to zero last week in asia there was new evidence that chinas postcovid recovery is already past its peak this time from japan where exports grew at the weakest pace in more than two years in april as shipments to its neighbour slumped for a fifth straight month key developments that could influence markets on thursday central bank speakers bank of england chief economist huw pill fed governor philip jefferson fed vice chair for supervision michael barr and dallas fed chief lorie logan earnings easyjet bt group and burberry in the uk walmart applied materials and alibaba in the us | 0 |
on wednesday 20 companies achieved new lows for the year jack henry associates was the largest firm by market cap to set a new 52week low the smallest company by market cap to set a new 52week low was edible garden titan medical s stock dropped the most trading down 7069 to reach a new 52week low tim was the biggest winner of the bunch with shares actually trading up 019 after it rebounded from its new 52week low on wednesday the following stocks hit new 52week lows jack henry associates shares set a new 52week low of 16400 the stock traded down 90 tim shares set a new 52week low of 1048 the stock traded up 019 lumen technologies stock drifted down 1904 on wednesday morning to hit a new 52week low of 390 freightos shares set a new 52week low of 650 the stock traded down 625 semler scientific stock hit 2121 on wednesday morning setting a new 52week low for a change of down 673 mastech digital shares reached a new 52week low of 1070 on wednesday morning moving down 1487 bm technologies shares made a new 52week low of 425 on wednesday the stock was down 139 for the day ascent solar technologies shares set a new 52week low of 089 the stock traded down 1507 asset entities stock hit 229 on wednesday morning setting a new 52week low for a change of down 206 titan medical shares fell to 023 on wednesday setting a new 52week low with a shift of down 7069 mgo global shares were down 418 for the day having made a 52week low of 202 cadrenal therapeutics stock dropped to a yearly low on wednesday of 204 shares traded down 556 smart powerr shares set a new yearly low of 180 this morning the stock was down 242 on the session authid shares hit a yearly low of 043 the stock was down 495 on the session revelation biosciences shares set a new yearly low of 579 this morning the stock was down 83 on the session tenax therapeutics shares moved down 1074 on wednesday to hit a new 52week low of 131 drifting down 1074 allarity therapeutics stock broke to a new 52week low of 019 on wednesday shares of the company traded down 711 sintx technologies stock achieved a new 52week low on wednesday morning hitting 323 and moving down 4343 edible garden stock achieved a new 52week low on wednesday morning hitting 425 and moving down 833 be sure to stay with benzinga for further updates and marketmoving news and if you want to be among the first to know about the 52week highs and lows for the day check out benzinga pro users receive a daily alert listing stocks trading near 52week highs and lows each morning click here to learn more | 0 |
shares of stryker corp syk inched 063 higher to 24603 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 040 to 382414 and dow jones industrial average djia falling 003 to 3313637 stryker corp closed 3440 short of its 52week high 28043 which the company reached on january 5th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as medtronic plc mdt rose 069 to 7826 intuitive surgical inc isrg rose 011 to 26563 and edwards lifesciences corp ew fell 046 to 7427 trading volume 11 m remained 374367 below its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of stryker corp syk advanced 151 to 27558 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 061 to 417983 and dow jones industrial average djia falling 041 to 3290827 stryker corp closed 3098 below its 52week high 30656 which the company achieved on april 21st | 0 |
shares of imperial oil ltd imo rose 106 to c6650 tuesday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 033 to 2045746 imperial oil ltd closed c1333 short of its 52week high c7983 which the company reached on november 4th trading volume of 655392 shares remained below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of marketaxess holdings inc mktx shed 123 to 34237 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 031 to 398224 and the dow jones industrial average djia rising 022 to 3288909 this was the stocks fourth consecutive day of losses marketaxess holdings inc closed 4776 short of its 52week high 39013 which the company reached on march 1st the stock demonstrated a mixed performance when compared to some of its competitors monday as blackstone inc bx rose 098 to 8993 morgan stanley ms fell 102 to 9670 and charles schwab corp schw fell 337 to 7788 trading volume 269422 remained 58851 below its 50day average volume of 328273 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of bristol myers squibb co bmy dropped 006 to 6475 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 115 to 437841 and the dow jones industrial average djia rising 063 to 3392674 this was the stocks sixth consecutive day of losses bristol myers squibb co closed 1669 below its 52week high 8144 which the company reached on december 1st despite its losses the stock outperformed some of its competitors tuesday as johnson johnson jnj fell 021 to 16329 pfizer inc pfe fell 127 to 3642 and abbott laboratories abt fell 066 to 10779 trading volume 65 m remained 19 million below its 50day average volume of 83 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
4global plc said wednesday that it swung to a pretax loss for the first half of fiscal 2023 after booking higher costs and that management is confident of meeting market expectations for the year the uk data services and software company said that for the six months ended sept 30 its pretax loss was 12 million pounds 15 million compared with a pretax profit of gbp91041 for the first half of fiscal 2022 revenue rose to gbp14 million from gbp13 million in the yearprior period the company said it made significant investments in the period and that it anticipates recovering these in the traditionally stronger second half adding that it has gbp3 million of booked revenue which will be delivered in the second half of fiscal 2023 the group has also won new multimillion pound multiyear agreements which enhances visibility over future revenues the company said | 0 |
the astrazeneca plc adr azn rose 114 to 7128 wednesday on what proved to be an allaround rough trading session for the stock market with the nasdaq composite index comp falling 117 to 1372202 and dow jones industrial average djia falling 054 to 3512336 this was the adrs third consecutive day of gains astrazeneca plc adr closed 528 below its 52week high 7656 which the company achieved on april 25th the adr outperformed some of its competitors wednesday as eli lilly co lly rose 089 to 52623 biogen inc biib fell 104 to 27129 and johnson johnson jnj fell 006 to 17307 trading volume 43 m remained 13 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 | 0 |
viacomcbs changes name to paramount shares fall viacomcbs inc viaco shares plunged 21 to 2845 making them the worst performer on the sp 500 after they media conglomerate missed wall street estimates for fourthquarter profit this report produced by chris dignam | 0 |
shares of idex corp iex slipped 260 to 20978 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 038 to 405599 and dow jones industrial average djia falling 068 to 3330187 this was the stocks second consecutive day of losses | 0 |
stocks just had their worst first half of the year in more than 50 years even if past performance is indicative of future returns to mangle the obligatory investment disclaimer investors in mutual and exchangetraded funds can position their portfolios to take advantage of positive trends that are likely to unfold in the second half now is the time to focus on funds that favor value versus growth stocks shares of profitable small companies and cyclical sectors including financials market strategists tell barron’s it is also worth looking at dividendoriented stock funds | 0 |
shares of dow inc dow slid 121 to 5947 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 016 to 447375 and dow jones industrial average djia falling 018 to 3475132 dow inc closed 1191 below its 52week high 7138 which the company achieved on may 18th the stock underperformed when compared to some of its competitors thursday as linde plc lin fell 046 to 31308 air products chemicals inc apd fell 114 to 26642 and dupont de nemours inc dd rose 090 to 7064 trading volume 45 m eclipsed its 50day average volume of 41 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
us stock futures edged higher thursday at the start of a packed day of economicdata releases and fresh corporate earnings reports sp 500 futures edged up 03 while nasdaq100 futures rose 06 helped by offhours moves from major technology companies dow jones industrial average futures inched up 01 | 0 |
joules group plc shares were down 25 in early trade tuesday after the company said it expects pretax profit for the first half of its fiscal 2022 to be below market expectations due to global supplychain issues and inflationary pressures shares at 0811 gmt were down 48 pence at 147 pence the british lifestyle brand said it is anticipating a pretax profit and adjusting items for the six months ended nov 28 to be between 20 million and 25 million pounds 26 million and 33 million compared with gbp37 million the previous year the company said global supplychain issues are expected to persist during at least the second half of the financial 2022 revenue for the period increased 35 to gdp128 million compared with the prior year boosted by a continued strong demand it said excluding garden performance revenue rose 24 joules said it is confident of delivering continued strong revenue growth in the second half and an improved profit performance while we have not been immune to certain industrywide pressures including supplychain disruption and cost inflation we remain focused on delivering the groups longterm growth strategy we have continued to invest in the business to support our plans and we remain very confident in achieving the groups exciting future potential chief executive officer nick jones said | 0 |
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