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us financial regulators fired a fresh salvo against the cryptocurrency industry on thursday targeting crypto lender genesis as well as gemini an exchange founded by the winklevoss brothers the securities and exchange commission accused the companies of promising customers yields of up to eight percent without declaring their partnership to the authorities as a lender gemini was founded by tyler and cameron winklevoss who were made famous as jilted investors in the movie the social network about the birth of facebook we allege that genesis and gemini offered unregistered securities to the public bypassing disclosure requirements designed to protect investors said sec chair gary gensler the charges came as us officials crack down on the sector after the uproar caused by the bankruptcy of ftx and alameda research their founder sam bankmanfried is accused of fraud after diverting funds deposited by millions of customers on his ftx platform and transferring them without authorization to alameda a hedge fund | 0 |
shares of contextlogic inc wish shed 739 to 163 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 036 to 384508 and the dow jones industrial average djia rising 023 to 3103768 the stocks fall snapped a twoday winning streak contextlogic inc closed 1028 below its 52week high 1191 which the company achieved on july 7th the stock underperformed when compared to some of its competitors wednesday as newegg commerce inc negg fell 492 to 367 overstockcom inc ostk fell 570 to 2646 and shopify inc cl a shop fell 282 to 3304 trading volume 135 m remained 25 million below its 50day average volume of 160 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 |
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shares of chipotle mexican grill inc cmg slid 152 to 186135 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 042 to 449938 and dow jones industrial average djia falling 045 to 3531449 this was the stocks sixth consecutive day of losses chipotle mexican grill inc closed 31366 below its 52week high 217501 which the company achieved on july 19th the stock underperformed when compared to some of its competitors tuesday as mcdonalds corp mcd fell 062 to 28958 starbucks corp sbux fell 103 to 10070 and yum brands inc yum fell 072 to 13414 trading volume 238825 remained 62379 below its 50day average volume of 301204 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 |
dominos pizza inc dpz reported secondquarter net income totaling 1025 million or 282 per share down from 1166 million or 306 per share last year revenue of 1065 billion was up from 1032 billion the factset consensus was for eps of 291 and revenue of 1050 billion us samestore sales fell 29 while international samestore sales excluding foreign currency impact was down 22 the factset consensus was for a us samestore sales decline of 5 and international samestore sales decline of 03 we continued to navigate a difficult labor market especially for delivery drivers in addition to inflationary pressures combined with covid and stimulusfueled sales comps from the prior two years in the us said chief executive russell weiner in a statement dominos now expects fiscal 2022 food basket costs to be up 13 to 15 versus 2021 up from previous guidance of a 10to12 rise and currency exchange and royalty fees for the year are now expected to be up 22 million to 26 million versus 2021 compared with previous guidance for a 12 millionto16 million increase dominos stock edged up 07 in thursday premarket trading and has dropped 272 for the year to date | 0 |
beijingthe decline in chinas newhome prices widened in may as challenges persisted for the countrys property market even as local governments and banks supportive measures for the sector took effect to counter plummeting home sales in the past year average newhome prices in 70 major cities edged 079 lower in may from a year earlier compared with aprils 011 decrease according to wall street journal calculations based on data released thursday by chinas national bureau of statistics meanwhile fewer chinese cities reported yearly growth newhome prices rose in 23 of 70 cities last month compared with 30 cities in april on a monthly basis average newhome prices fell for a ninth consecutive month prices dropped 017 in may narrowing from aprils 030 decline the statistics bureau said the overall decline in home prices on a monthly basis continued albeit at a slower pace said sheng guoqing an analyst at the statistics bureau more cities reported monthly growth twentyfive of the 70 cities recorded a monthovermonth increase in home prices last month up from 18 cities in april home prices in firsttier cities which include the four cities that contribute the most to the chinese economy rose 04 in may from the previous month accelerating from a 02 increase in april mr sheng said prices in secondtier cities were flat while the price decline for thirdtier cities narrowed the analyst added | 0 |
the numbers consumer sentiment soured in november hitting its lowest level since july as americans contended with continued inflation and a worsening economic outlook the university of michigan’s gauge of the us consumer’s outlook fell 52 index points from 599 in october economists were expecting a reading of 595 according to a wall street journal poll inflation expectations for the next year rose to 51 from 5 in the prior month while fiveyear inflation expectations rose to 3 from 29 in october big picture inflation eased somewhat in october but prices for a typical basket of consumer goods are still rising a historically rapid pace even as rising interests rates are weighing on many sectors of the economy fears of a coming recession also weighed on americans’ confidence about the economy “declines in sentiment were observed across the distribution of age education income geography and political affiliation showing that the recent improvements in sentiment were tentative” wrote joanne hsu director of the survey in a statement “instability in sentiment is likely to continue a reflection of uncertainty over both global factors and the eventual outcomes of the election” key details a gauge of consumer’s views of current conditions fell in november to 578 from 656 in october while an indicator of expectations for the next six months fell to 527 from 562 last month market reaction us stocks were trading mixed friday morning with the sp 500 spx posting gains and the dow jones industrial average djia edging lower | 0 |
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shares of invesco ltd ivz were unchanged tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 019 to 430520 and the dow jones industrial average djia rising 071 to 3415201 invesco ltd closed 809 below its 52week high 2703 which the company reached on september 17th the stock underperformed when compared to some of its competitors tuesday as blackrock inc blk rose 017 to 75707 carlyle group inc cg rose 045 to 3578 and lazard ltd laz rose 046 to 3926 trading volume 26 m remained 14 million below its 50day average volume of 40 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of cenovus energy inc cve slipped 441 to c1516 tuesday in what proved to be an allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 231 to 2065999 cenovus energy inc closed c161 below its 52week high c1677 which the company reached on november 8th trading volume of 117 m shares eclipsed its 50day average volume of 69 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 lamb weston holdings inc lw slumped 069 to 10871 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 021 to 413764 and dow jones industrial average djia falling 042 to 3388647 the stocks fall snapped a sixday winning streak lamb weston holdings inc closed 099 below its 52week high 10970 which the company reached on april 6th the stock demonstrated a mixed performance when compared to some of its competitors friday as mondelez international inc cl a mdlz fell 089 to 6981 kraft heinz co khc fell 018 to 3910 and general mills inc gis fell 045 to 8656 trading volume 14 m remained 19459 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 lockheed martin corp lmt slid 105 to 37120 friday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 189 to 439794 and dow jones industrial average djia falling 130 to 3426537 this was the stocks second consecutive day of losses lockheed martin corp closed 2579 short of its 52week high 39699 which the company reached on may 10th the stock demonstrated a mixed performance when compared to some of its competitors friday as boeing co ba fell 409 to 20544 northrop grumman corp noc rose 035 to 39881 and general dynamics corp gd fell 117 to 20654 trading volume 28 m eclipsed its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
the gap between black and white unemployment has persisted for decades in the us the economic policy institute a think tank dedicated to laborers wants to change that its proposal run the economy hot giving more attention to unemployment rather than inflation and thereby helping lowerwage workers and disproportionately increasing the wages of black americans according to a new report a traditionally high black unemployment rate should be taken into consideration when allowing inflation to rise the epi report said “the potential to close racebased gaps in the labor market should be counted as a substantial benefit in these deliberations and should convince policymakers to take on more inflation risk” what happened the epi paper explores the possibilities and limitations of always running the economy hot to reduce and hopefully close the blackwhite unemployment gap while the report acknowledges the downsides of keeping interest rates slow and government spending high runaway inflation not seen since the 1970s or a wageprice spiral it also touts the benefits those include fastergrowing wages and more job opportunities which disproportionately help black workers as firms do more hiring to keep up with rising aggregate demand the report’s models show that if the unemployment rate was 1 smaller each year between 1973 and 2019 the blackwhite wage gap would have declined by 18 why it matters while the blackwhite wealth gap is getting worse and is inflected in many areas of the economy including in housing and health to name only two sectors blacks are also unemployed at a rate that is almost always double their white counterparts according to center for american progress research not everyone agrees with a plan to run the economy hot while the fed’s current strategy of letting inflation temporarily rise over 2 has helped increase employment particularly for black workers some economists on the right and left including former treasury secretary lawrence summers think the central bank has gone too far fed chair jerome powell confirmed friday the fed will continue to allow inflation to rise unless there are signs its starting to become permanent | 0 |
svb financial group stock tumbled more than 42 in premarket trades friday on fears of a run on the bank as analysts downgraded the company and reports surfaced of funds advising clients to pull their money from the parent company of silicon valley bank founders fund the san franciscobased venturecapital fund cofounded by peter thiel has advised companies to pull their money according to a bloomberg news report citing people familiar with the matter in a separate development the wall street journal reported that svb financial group took out 15 billion of loans from the federal home loan bank of san francisco at the end of 2022 compared to zero in the yearago period to assure liquidity the bank pledged collateral of about three times what it borrowed to back the advances the wsj reported around the same time it sustained a 13 or 25 billion decline in deposits in the final three quarters of 2022 the wsj reported the steep losses friday came after svb financial sivb ended down 60 in the regular trading day after it disclosed large losses from securities sales and announcing a dilutive stock offering along with a profit warning the bank was unprepared for rising interest rates which have hit its net interest income and net interest margin the developments triggered losses among bank stocks amid fears that other banks may find themselves in a similar position on thursday the kbw bank index bkx fell 77 while the sp 500 spx dropped 19 jp morgan analyst vivek juneja said friday the large bank selloff was “overdone” given the liquidity of bigger institutions “they are more diversified with broader business models have a lot of capital are much better managed in regards to risk and have a lot of oversight from regulators” juneja said raymond james analyst david l long downgraded svb financial to market perform from outperform on a litany of issues around the bank including worsening cash burn from deposit outflows and uncertain timing of a rebound in private equity and venture capital deal volume the bank also faces a tighter net interest margin nim outlook because of a fresh increase in interest rates and rate hike expectations as well as dilution to its earnings per share from its planned 225 billion capital raise he also cited an increase in the risk of incremental nim contraction and lower client fund balances truist securities analyst brandon king cut svb financial group to a hold rating from a buy because the bank faces “too much uncertainty with deposits at risk” he said in a friday research note “the stock reaction today is evident of concerns around the bank’s liquidity and the potential for holdtomaturity htm securities sales which could severely impair tangible capital and profitability” king said “given these risks we suggest that investors wait on the sidelines until there is more clarity on deposit outflows and the proposed capital raise of 225 billion” | 0 |
shares of simon property group inc spg rallied 111 to 12758 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 112 to 444659 and the dow jones industrial average djia rising 101 to 3456459 the stocks rise snapped a twoday losing streak simon property group inc closed 4354 short of its 52week high 17112 which the company reached on november 18th the stock outperformed some of its competitors wednesday as alexandria real estate equities inc are rose 044 to 19830 and vornado realty trust vno rose 101 to 4211 trading volume 17 m remained 556742 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 gap inc gps shed 377 to 970 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 058 to 410060 and dow jones industrial average djia falling 059 to 3340238 the stocks fall snapped a sevenday winning streak gap inc closed 579 below its 52week high 1549 which the company reached on february 3rd the stock underperformed when compared to some of its competitors tuesday as amazoncom inc amzn rose 150 to 10395 and tjx cos tjx fell 028 to 7864 trading volume 87 m eclipsed its 50day average volume of 84 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 verizon communications inc vz slumped 029 to 3815 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 007 to 404842 and the dow jones industrial average djia rising 012 to 3343144 this was the stocks second consecutive day of losses verizon communications inc closed 1736 short of its 52week high 5551 which the company achieved on april 21st the stock underperformed when compared to some of its competitors monday as apple inc aapl rose 185 to 15383 att inc t fell 021 to 1877 and tmobile us inc tmus rose 128 to 14372 trading volume 229 m eclipsed its 50day average volume of 210 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 globe life inc gl inched 089 higher to 10889 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 094 to 419805 and the dow jones industrial average djia rising 034 to 3353591 this was the stocks second consecutive day of gains globe life inc closed 1496 below its 52week high 12385 which the company reached on january 12th the stock outperformed some of its competitors thursday as chubb ltd cb rose 086 to 20064 trading volume 407744 remained 182529 below its 50day average volume of 590273 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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yields on 2 10 and 30year treasurys fell early wednesday but remained at multiyear highs ahead of an expected 75 basis point interest rate hike by the federal reserve what are yields are doing the 2year treasury note yield tmubmusd02y fell 6 basis points to 3364 after on tuesday afternoon climbing 156 basis points to 3435 marking the highest level since nov 14 2007 according to dow jones market data wednesday’s drop also come on the heels of the largest eightday yield rise for the 2year note since aug 14 1989 the yield on the 10year treasury note tmubmusd10y fell 5 basis points to 3428 after climbing 111 basis points to 3482 on tuesday which marked the highest level since april 14 2011 as of tuesday the yield also saw its biggest fiveday rise since oct 14 2008 the yield on the 30year treasury bond tmubmusd30y fell 3 basis points to 3395 after climbing 64 basis points to 3432 on tuesday the highest since nov 2 2018 treasurys sold off aggressively on tuesday as markets are now widely expecting a 75 basis point or three quarters of a percentage point interest rate hike from the federal reserve when its decision is announced later wednesday the magnitude of such a hike would be the biggest in nearly 30 years | 0 |
it wasn’t the relatively small size of the rebound in april’s us retail sales report that captured the market’s attention on tuesday as much as the rebound itself after data showed sales at us retailers rose by just 04 last month below the 08 rise expected by economists traders ran with it focusing on the fact that sales didn’t decline as they had in four of the five months prior to april other data released on tuesday showed industrial production rose by a betterthanexpected 05 in april after two flat months and builder confidence rose in may for the fifth consecutive month amid an ongoing shortage of us homes for sale yields on threemonths through 30year debt all rose on tuesday buttressed by the possibility that inflation pressures may have more room to run traders nudged up the likelihood of another quarterofapercentagepoint interest rate hike by the federal reserve in june to as much as 30 at one point and economists analysts and traders wondered about a nonbasecase scenario in which the economy doesn’t fall into a recession as easily as many people think read why 5 interest rates might not derail the stock market or the us economy “though interest rates are above 5 we are not seeing the same sort of cracking that we would normally see in the economy” said lawrence gillum the charlotte ncbased chief fixed income strategist at lpl financial “we haven’t seen default rates for corporations go up and consumer delinquencies are below longterm averages businesses and households can still pay their bills” in addition there’s still plenty of demand for workers with the labor market continuing to hold up gillum said via phone that all adds up to a 2530 chance of a scenario in which the economy simply “muddles through” with some sectors like manufacturing in danger of a recession and others such as services doing fine however lpl financial sees a 6065 chance of a recession in the second half of this year he said recession worries were back in focus on tuesday after treasury secretary janet yellen said that a us default on governmentdebt could trigger an economic downturn on monday federal reserve bank of atlanta president raphael bostic told cnbc that he doesn’t foresee interest rate cuts at least through 2023 even if there’s a recession which didn’t stop fed funds futures traders from pricing in rate cuts anyway inflation was the no 1 gamechanger to arise from the covid19 pandemic undoing an era of low interest rates and upsetting financial markets over much of last year it continues to prove durable despite an annual headline rate from the consumerprice index that’s below 5 for the first time in two years and even after the federal reserve has been hiking rates since march 2022 what’s lesstalked about is whether another powerful byproduct of the pandemic is an unexpectedly stronger us economy one that’s less sensitive to higher interest rates and less prone to contracting the pandemic may have produced a “survival of the strongest” environment in which the “most resilient companies are left standing” said derek tang an economist at monetary policy analytics in washington as businesses and households “build up their defenses against extreme outcomes” neither inflation nor consumption come down as much as one would expect one example of unexpected strength is being seen in housing where many homeowners locked into previous low interest rates aren’t selling their homes crimping the supply of properties available to new buyers and keeping prices high “you can get a lot of recessionary indicators flashing but they are based on a history of how the economy typically behaves and it’s possible to get say a manufacturing recession but not a general recession” tang said via phone while his firm’s basecase view still calls for a recession this year tang said a “muddlingthrough” scenario could be good for stocks if the strongest companies are seen as grabbing greater market share but such a scenario would produce “a lot of volatility in the rates markets as the fed stops and goes on a choppy path toward not higherforlonger but just higher rates” in gillum’s view equity markets can perform well in a resilienteconomic scenario as long as inflation falls back toward 2 fast enough to suggest that the fed’s work is done however markets would perform less well in a “notideal outcome” of stagflation in which yields would have to rise to reflect continued inflation pressures and the possibility of more fed rate hikes after tuesday’s retailsales data treasury yields advanced led by the 1year rate tmubmusd01y which jumped 13 basis points to 49 in afternoon trading traders and investors looked past debtceiling issues by buying the 1month treasury bill tmubmusd01m meanwhile us stocks djia spx comp were mostly lower | 0 |
norwegian cruise line ticker nclh stock fell in premarket trading wednesday as the company missed revenue estimates and reported a biggerthanexpected loss in the third quarter consumer concerns over the delta variant of the coronavirus that causes covid19 led to a slowdown in bookings ceo frank del rio said while operating costs jumped as cruise voyages resumed and passengers got back on board occupancy levels were at 57 in the quarter due to the company’s selfimposed limits | 0 |
shares of auto trader group plc auto rallied 270 to £585 tuesday on what proved to be an allaround favorable trading session for the stock market with the ftse 100 index ukx rising 117 to 763711 auto trader group plc closed 9920 pence below its 52week high £684 which the company achieved on march 18 trading volume 20 m remained 878997 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 |
3m stock posted its biggest oneday decline since april 2019 after a legal ruling went against the company on friday afternoon the wall street journal reported that judge jeffrey graham of the us bankruptcy court in indianapolis denied 3m ’s attempt to move legal liabilities associated with faulty earplugs sold to the military by a 3m ticker mmm subsidiary into bankruptcy court “we are disappointed in the court’s ruling today and will be filing an appeal” said a 3m spokesman “despite today’s ruling 3m continues to hope that all parties and their attorneys will come together to negotiate a prompt resolution to this matter so that those veterans with eligible claims can be compensated sooner” shares of 3m tumbled 95 to close at 12914 on friday marking the stock’s largest percent decrease since april 25 2019 when it fell 1295 according to dow jones market data the bankruptcy was part of a strategy to limit and quantify 3m’s liability the company said on its secondquarter earnings conference call in late july that it planned to put the subsidiary aearo technologies in bankruptcy protection while funding a trust with 1 billion to deal with roughly 230000 pending earplug injury lawsuits 3m stock had jumped almost 5 after the company reported secondquarter numbers last month and the legal strategy was a big reason for the move the company actually cut fullyear earnings guidance on the call cutting guidance usually sends stock lower legal liabilities related to earplugs—as well as chemicals that 3m produced long ago that have been found in groundwater—have been an overhang for the stock for many months 3m has taken charges for clean up costs regarding the chemicals though the environmental protection agency has not yet declared them hazardous substances 3m stock is down about 27 year to date while industrial stocks in the sp 500 are off about 10 on average 3m shares peaked in march 2018 at almost 260 wall street has worried about the liabilities for a while too only one analyst about 5 of the total covering the stock rates shares buy the average buyrating ratio for stocks in the sp 500 is about 58 | 0 |
shares of att inc t rallied 101 to 1901 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 001 to 3385253 and the sp 500 index spx falling 016 to 395763 att inc closed 252 short of its 52week high 2153 which the company reached on may 26th the stock outperformed some of its competitors tuesday as netflix inc nflx fell 007 to 28096 walt disney co dis fell 105 to 9469 and comcast corp cl a cmcsa fell 031 to 3548 trading volume 241 m remained 229 million below its 50day average volume of 469 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 george weston ltd wn inched 061 higher to c16316 tuesday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 054 to 1969416 george weston ltd closed c1829 short of its 52week high c18145 which the company achieved on december 13th trading volume of 176071 shares eclipsed its 50day average volume of 171818 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 |
according to benzinga pro following are the gainers and losers in insurance industry for todays intraday session waterdrop stock increased by 208 to 166 during wednesdays regular session as of 1240 est this security is trading at a volume of 14 million shares making up 5234 of its average fullday volume over the last 100 days the companys market cap stands at 6535 million the companys q4 earnings came out today huize holding stock moved upwards by 546 to 135 trading volume for huize holdings stock is 2488k as of 1240 est this is 959 of its average fullday volume over the last 100 days the companys market cap stands at 685 million as per the press release q4 earnings came out 3 days ago lemonade shares rose 457 to 2881 the current volume of 9019k shares is 392 of lemonades average fullday volume over the last 100 days last updated at 1240 est the market value of their outstanding shares is at 17 billion root shares increased by 443 to 223 the current volume of 17 million shares is 433 of roots average fullday volume over the last 100 days last updated at 1240 est the market value of their outstanding shares is at 5690 million oscar health shares increased by 433 to 101 trading volume for this security as of 1240 est is 4875k which is 247 of its average fullday volume over the last 100 days the companys market cap stands at 21 billion tian ruixiang holdings stock rose 40 to 13 the current volume of 2579k shares is 793 of tian ruixiang holdingss average fullday volume over the last 100 days last updated at 1240 est the companys market cap stands at 164 million maiden holdings stock declined by 719 to 233 during wednesdays regular session maiden holdingss stock is trading at a volume of 710k shares as of 1240 est this is 731 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 1993 million argo gr intl hldgs stock decreased by 401 to 408 trading volume for this security as of 1240 est is 964k which is 378 of its average fullday volume over the last 100 days the companys market cap stands at 14 billion conifer holdings stock fell 398 to 235 as of 1240 est this security is trading at a volume of 154 shares making up 14 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 228 million reliance global group stock declined by 389 to 545 as of 1240 est reliance global groups stock is trading at a volume of 8244k which is 161 of its average fullday volume over the last 100 days the companys market cap stands at 604 million mbia stock decreased by 387 to 1466 as of 1240 est this security is trading at a volume of 1515k shares making up 317 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 7923 million marpai stock fell 303 to 208 as of 1240 est this security is trading at a volume of 357k shares making up 83 of its average fullday volume over the last 100 days the companys market cap stands at 420 million this article was generated by benzingas automated content engine and reviewed by an editor | 0 |
shares of assurant inc aiz inched 032 higher to 16450 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 029 to 414077 and the dow jones industrial average djia rising 018 to 3296923 the stocks rise snapped a twoday losing streak assurant inc closed 2962 below its 52week high 19412 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors wednesday as unitedhealth group inc unh rose 012 to 53646 metlife inc met rose 056 to 6604 and aflac inc afl fell 006 to 6155 trading volume 325613 remained 135637 below its 50day average volume of 461250 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 trader works on the trading floor on the last day of trading before christmas at the new york stock exchange nyse in manhattan new york city december 23 2021 stock futures dipped in overnight trading wednesday after the major us stock averages fell sharply in the first losing regular trading session of the year futures on the dow jones industrial average shed about 20 points or less than 01 sp 500 futures edged 02 lower and nasdaq 100 futures lost 03 minutes from the federal reserves december meeting revealed the central bank discussed reducing its balance sheet in another move to aggressively dial back its pandemicera easy monetary policy the feds plan to reduce the number of treasurys and mortgagebacked securities it holds comes as it is already tapering its bond purchases and is set to hike interest rates after the taper concludes almost all participants agreed that it would likely be appropriate to initiate balance sheet runoff at some point after the first increase in the target range for the federal funds rate the minutes stated stocks slid following the release of the minutes the bluechip dow jones industrial average closed 39254 points or 107 lower after hitting an intraday record earlier in the session the sp 500 fell 194 the techheavy nasdaq saw its biggest oneday loss since february losing 334 if you ride a wave of liquidity to the upside and that liquidity starts to go away i dont think its terribly surprising that youre going to see a reaction said kathy jones head of fixed income at charles schwab this was the year we were going to transition from extremely easy monetary policy and fiscal policy to less easy monetary and less expansive fiscal policy that has to have some impact on risk assets that have risen because the discount rate was so low jones added investors await quarterly earnings reports from walgreens boots alliance and bed bath beyond before the bell thursday on the data front the weekly jobless claims report is slated for released thursday morning | 0 |
shares of lowes cos low slid 121 to 22672 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 025 to 450189 and dow jones industrial average djia falling 019 to 3521589 this was the stocks fourth consecutive day of losses lowes cos closed 1049 short of its 52week high 23721 which the company reached on july 27th the stock underperformed when compared to some of its competitors thursday as amazoncom inc amzn rose 055 to 12891 home depot inc hd rose 041 to 32985 and walmart inc wmt rose 003 to 15926 trading volume 24 m remained 359347 below its 50day average volume of 28 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 |
heart care technology company heartflow holding inc and longview acquisition corp ii mutually agreed to terminate their planned combination due to unfavorable market conditions also on friday blankcheck company burgundy technology acquisition corp said it will redeem its shares since it wont complete a combination within the required time frame several blankcheck companies have withdrawn their ipo filings recently while businesses including acorns grow have ended plans to merge with such companies | 0 |
shares of invesco ltd ivz rose 238 to 1851 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 146 to 407660 and the dow jones industrial average djia rising 109 to 3408604 the stocks rise snapped a twoday losing streak invesco ltd closed 580 short of its 52week high 2431 which the company achieved on february 10th the stock outperformed some of its competitors tuesday as morgan stanley ms rose 143 to 9733 blackrock | 0 |
shares of regions financial corp rf rallied 284 to 2425 friday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 052 to 450053 and the dow jones industrial average djia falling 006 to 3508974 regions financial corp closed 128 short of its 52week high 2553 which the company reached on january 18th the stock demonstrated a mixed performance when compared to some of its competitors friday as bank of america corp bac rose 398 to 4828 wells fargo co wfc rose 210 to 5633 and pnc financial services group inc pnc rose 112 to 21035 trading volume 70 m remained 27 million below its 50day average volume of 97 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 msci inc msci dropped 012 to 49718 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 033 to 3450903 and the sp 500 index spx falling 010 to 450542 msci inc closed 7532 short of its 52week high 57250 which the company reached on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors friday as jpmorgan chase co jpm rose 060 to 14977 charles schwab corp schw fell 235 to 5852 and blackrock inc blk fell 159 to 72803 trading volume 433906 remained 83689 below its 50day average volume of 517595 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 ameren corp aee slid 049 to 8730 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 090 to 381766 and dow jones industrial average djia falling 049 to 3275754 this was the stocks fourth consecutive day of losses ameren corp closed 1190 short of its 52week high 9920 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors monday as southern co so fell 075 to 6891 exelon corp exc fell 038 to 4177 and xcel energy inc xel fell 074 to 6940 trading volume 836670 remained 612190 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 charter communications inc cl a chtr inched 023 higher to 30689 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 021 to 364729 and dow jones industrial average djia falling 043 to 2913499 the stocks rise snapped a sixday losing streak charter communications inc cl a closed 44680 short of its 52week high 75369 which the company reached on october 7th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as verizon communications inc vz fell 010 to 3889 att inc t rose 038 to 1573 and comcast corp cl a cmcsa fell 204 to 3026 trading volume 18 m eclipsed its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
oil futures rose early friday on track for weekly gains as market bulls looked for signs china may soon move to ease covid restrictions and allow economic growth to revive west texas intermediate crude for december delivery cl1 cl00 clz22 rose 293 or 33 to 9110 a barrel on track for a weekly gain of 36 january brent crude brn00 brnf23 the global benchmark gained 269 or 28 to 9736 a barrel on ice futures europe headed for a weekly rise of 39 back on nymex december gasoline rbz22 rose 29 to 2773 a gallon up more than 8 for the week december heating oil gained 18 to 3938 a gallon headed for a 52 weekly advance december natural gas ngz22 was up 37 at 6198 per million british thermal units on pace to book a weekly gain of more than 9 ongoing speculation around an easing of covid19 curbs in china provided support for crude the wall street journal reported friday that zeng guang who was formerly the chief scientist at the chinese center for disease control and prevention said at a conference that there were expected to be “significant” changes to the company’s zerocovid approach in 2023 according to multiple unnamed sources china’s covidzero policies of stringent lockdowns and other curbs have been seen as keeping a lid on crude prices in 2022 “oil prices are getting a bounce on the news as traders ultimately think of china more as a driver of upside to demand at some point next year when the reopening of the economy accelerates rather than as a current incremental driver of demand weakness in other words the light at the end of the covidzero tunnel is more attractive than today’s gloomy outlook” said stephen innes managing partner at spi asset management in a note meanwhile the journal reported that the us and its allies had reached an agreement on which types of oil sales will be subject to a cap on russian prices when new sanctions take effect on dec 5 seaborne russian oil will only be subject to the cap when its first sold to buyers on land the report said meaning resales won’t fall under the same cap intermediary trades of russian oil that occur at sea would remain subject to the cap while refined products such as gasoline would not | 0 |
shares of phillips 66 psx rallied 453 to 7574 monday on what proved to be an allaround positive 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 this was the stocks second consecutive day of gains phillips 66 closed 1860 short of its 52week high 9434 which the company achieved on june 10th the stock outperformed some of its competitors monday as exxon mobil corp xom rose 384 to 6354 chevron corp cvx rose 163 to 11926 and marathon petroleum corp mpc rose 261 to 6566 trading volume 37 m eclipsed its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
arcelormittal said friday that amns luxembourg holding sa the parent company of its steelmaking joint venture with nippon steel corp in india has entered into a 5 billion loan with a consortium of japanese banks to expand production capacity arcelormittal said proceeds will be used to fund the expansion of the amns india jvs annual steelmaking capacity at its hazira plant in india to 15 million metric tons from 9 million tons the project which started in october last year will create more than 60000 jobs and will also include downstream rolling and finishing facilities arcelormittal said the company said the loan was cofinanced by japan bank for international cooperation | 0 |
shares of hormel foods corp hrl sank 071 to 4049 tuesday on what proved to be an allaround favorable 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 hormel foods corp closed 1120 below its 52week high 5169 which the company achieved on august 26th trading volume 13 m remained 878864 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 microsoft corp msft inched 097 higher to 22712 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 008 to 389209 and dow jones industrial average djia falling 034 to 3351765 this was the stocks second consecutive day of gains microsoft corp closed 9629 below its 52week high 32341 which the company reached on january 12th the stock outperformed some of its competitors monday as apple inc aapl rose 041 to 13015 alphabet inc cl c goog rose 073 to 8880 and alphabet inc cl a googl rose 078 to 8802 trading volume 270 m remained 41 million below its 50day average volume of 312 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 the lab tools firm 10x genomics slid by nearly a quarter in premarket trading on thursday the day after the company reported financial results and issued guidance that fell well short of wall street expectations late wednesday the company reported revenue of 1435 million for the fourth quarter of 2021 short of the 1485 million factset consensus estimate the big disappointment for investors however was in the company’s guidance for 2022 10x genomics now says it expects revenue between 600 million and | 0 |
pedestrians walk past the american multinational sport clothing brand nike store and its logo seen in hong kong nike shares dropped in extended trading thursday after the sneaker giant reported quarterly revenue that missed analysts expectations due to softening demand in north america its stock was recently down around 3 heres how nike did during its fiscal first quarter compared with what wall street was expecting based on a survey of analysts by refinitiv net income for the threemonth period ended aug 31 grew to 187 billion or 116 per share compared with 152 billion or 95 cents per share a year earlier that topped analysts expectations for 111 a share sales climbed to 1225 billion from 1059 billion a year earlier that was short of expectations for 1246 billion nike shares are up about 13 year to date as of thursdays market close but down about 9 from an alltime high reached in early august the company has a market cap of 2526 billion this story is developing please check back for updates find the full press release from nike here | 0 |
shares of nordstrom inc jwn shed 130 to 1972 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 067 to 369516 and dow jones industrial average djia falling 033 to 3042381 the stocks fall snapped a twoday winning streak nordstrom inc closed 1671 below its 52week high 3643 which the company achieved on november 18th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as tjx cos tjx fell 109 to 6610 ross stores inc rost fell 118 to 8366 and kohls corp kss fell 149 to 2849 trading volume 51 m remained 27 million below its 50day average volume of 78 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 ppl corp ppl slipped 084 to 2944 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 120 to 378322 and dow jones industrial average djia falling 110 to 3287571 the stocks fall snapped a twoday winning streak ppl corp closed 155 below its 52week high 3099 which the company reached on august 17th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as nextera energy inc nee fell 100 to 8316 southern co so fell 086 to 7165 and dominion energy inc d fell 052 to 6146 trading volume 43 m remained 122236 below its 50day average volume of 44 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
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 |
shares of ross stores inc rost inched 067 higher to 9168 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 113 to 451161 and the dow jones industrial average djia rising 074 to 3480746 ross stores inc closed 4254 short of its 52week high 13422 which the company achieved on may 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as tjx cos tjx rose 023 to 6113 gap inc gps rose 061 to 1479 and overstockcom inc ostk rose 373 to 5060 trading volume 20 m remained 11 million 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 |
for 10year fixed rate loans the average student loan refinancing rate ticked up slightly from a week prior to 416 but rates on 5year variablerate loans fell slightly to 352 according to the latest rates from credible for the week ending march 28th that said for those with credit scores at 780 and above average 10year fixed rates are just 278 while the average rate for those with scores below 680 is 471 here are the lowest rates you might qualify for here refinancing a student loan is a way for borrowers to save money by essentially taking out a new loan to pay off their existing loan with a lower interest rate or more appealing terms but while those low refi rates can be tempting there are a few questions to ask yourself before you refinance your student loans the first is what type of loan you have indeed just because you may be able to get a lower interest rate doesn’t mean you should forge ahead with a refinance especially if you plan to refinance a federal loan into a private loan the reason experts often advise against this practice is because federal loans afford borrowers unique protections like loan forgiveness and incomebased repayment plans two things borrowers will lose access to if they refinance their federal loans and once a borrower turns a federal loan into a private loan there’s no going back you’re stuck with a private loan for the rest of time if however you have private student loans with high interest a refinance may make a lot of sense particularly if you’ve recently improved your credit score or strengthened your credit application so you can take advantage of low rates that can save you meaningful amounts of money every month and if you’re able to take advantage of a shorter repayment term in the process your monthly payment might increase but you’ll pay the loan off sooner and you’ll end up saving more money in the long run here are the lowest rates you might qualify for here in short it may be a good idea to consider refinancing your student loans if you’re certain that your projected monthly savings will be impactful or you can shorten your loan term and lower your interest rate particularly if you have private loans because you have less to lose in the protections department but if you have federal loans and rely on incomebased repayment options or you’re hoping to have your loans forgiven using public student loan forgiveness pslf give refinancing a long hard think and make sure what you’re giving up is worth what you’re getting in return plenty of people save thousands when refinancing student loans but before you go through the hassle of refinancing you may want to ask yourself these 5 questions to ensure this is the right decision for you | 0 |
shares of intuit inc intu inched 090 higher to 43084 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 048 to 417548 and the dow jones industrial average djia rising 020 to 3312879 this was the stocks second consecutive day of gains intuit inc closed 28602 short of its 52week high 71686 which the company reached on november 19th the stock outperformed some of its competitors tuesday as adobe inc adbe rose 007 to 40758 sap se adr sap fell 235 to 10000 and oracle corp orcl fell 096 to 7329 trading volume 13 m remained 628055 below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
the european parliament on tuesday voted its stamp of approval for the two lawsone focused on anticompetitive behavior the other on content deemed illegal in europeafter reaching an agreement on them with european union member states in the spring the norwegian government stepped in to end a strike that threatened to more than halve the countrys gas exports saying it was causing widespread risks to energy security before the strike was halted a benchmark for gas futures contracts in northwestern europe rose as much as 14 to eur17288 or about 180 a megawatthour tuesday the highest level since march electricity prices across the region also rose as many power plants run on gas ben jerrys sues unilever over sale of ice cream business in israel ben jerrys is suing parent company unilever plc to block the sale of its israeli business to a licensee the latest twist in a rift over the ice cream makers decision to end sales in israelioccupied west bank and contested east jerusalem in a complaint filed in us district court in manhattan on tuesday ben jerrys said unilevers decision to sell the business in israel last week was done without the approval of ben jerrys independent board of directors uae trade provides iran with western goods from perfume to laptops sharjah united arab emiratesworkers crammed dozens of boxes into a woodhulled dhow before it set sail from a sharjah jetty headed across the persian gulf for iran the cargo a range of western products from perfume to hair dryers and laptops we are the iranian amazon said the dhows captain business is booming tel avivthreats from iranbacked militant group hezbollah could stall israels plan to deliver natural gas to europe israeli officials said as israels caretaker prime minister pursued help from france to defuse a crisis over its maritime border with lebanon the border dispute risks turning into an armed conflict after hezbollah the lebanese militant and political group that has fought several conflicts with israel threatened to take action aimed at stopping work in the israelicontrolled karish gas field curevac is suing biontech over intellectual property rights linked to mrna technology putting the covid19 vaccine developed by pfizer and biontech in the crosshairs curevac ticker cvac said tuesday that it had filed a lawsuit in the german regional court in düsseldorf against biontech bntx and two of its subsidiaries the company said it is seeking fair compensation for the infringement of intellectual property rights that aided in the manufacture and sale of comirnatythe ubiquitous covid19 vaccine developed by biontech and pfizer pfe nato advances sweden finland toward membership as fighting rages in eastern ukraine russian artillery pounded sloviansk one of ukraines last lines of defense to protect the remaining kyivheld strongholds in eastern ukraine while the north atlantic treaty organization on tuesday advanced plans to add sweden and finland to the alliance vadim lyakh the mayor of sloviansk reported massive shelling of the city in a facebook post and said the central market was on fire pavlo kyrylenko head of military administration in the eastern region of donetsk said on telegram that at least two people died and seven were injured food and energy inflation spur new social spending around the world governments around the world are rushing to cushion the blow of food and energy inflation launching new subsidies and boosting socialspending programs to stave off unrest and hunger amid the rising cost of daily living the united arab emirates and saudi arabia are spending a combined nearly 13 billion to support lowerincome citizens while in europe governments from germany to greece spain and portugal have in recent months announced tax rebates and energy subsidies slowing demand and recession fears helped bring the benchmark us oil price below 100 a barrel tuesday continuing a rapid turnaround from soaring levels in recent months oil prices shot higher earlier this year as war in ukraine disrupted supply lines and the worldwide postpandemic reopening lifted demand that move has contributed to the persistent inflation that has gripped major economies in 2022 the growth outlook is darkening as central banks work to get inflation under control by cooling economic activity pulling down traders forecasts for oil demand strong dollar sends euro to lowest in more than decade a flight to the us dollar pushed currencies around the world to their lowest levels in years as economic prospects in europe and elsewhere darkened under the cloud of soaring energy prices the euro neared a 20year low against the dollar after naturalgas and electricity prices surged on the continent currency traders fear europes economy might buckle if russia completely shuts off naturalgas supplies that are used for heating homes keeping lights on and running factories energy prices were further boosted by labor strikes at western europes largest gas fields in norway us factory orders jump 16 in may but its not quite as good as it looks us factory orders jumped 16 in may but the increase was largely tied to petroleumrelated products whose prices have risen sharply a more recent survey of top executives suggests demand might be waning as the economy slows the increase in orders exceeded the 06 forecast of economists polled by the wall street journal the rise in new orders in april was also raised to 07 from 03 if luxury stocks are a good inflation hedge why is no one buying for the trinkets bought by the rich inflation is running much hotter than for everyday groceries even with that enticing hedge luxury stocks probably arent about to fly off the shelf luxury goods have an advantage over other consumer products when topend brands charge more their designs can become more desirable to statusconscious shoppers this gives the industry a reputation for offering investors inflation protection over roughly the last four decades forbes cost of living extremely well index which tracks the price of goods and services such as luxury handbags expensive watches and real estate management fees has risen 5 annually compared with 3 gains in the us consumerprice index accelerating inflation in asia puts pressure on central banks to raise rates accelerating inflation is rippling through the asiapacific stoking expectations that policy makers will need to keep ratcheting up borrowing costs to cool climbing prices cautioning that inflation was yet to peak australias central bank on tuesday raised its interest rate by half a percentage point for the second straight month the reserve bank of australia increased the official cash rate to 135 from 085adding to junes 050 percentagepoint hike and a 025 percentagepoint increase in mayas gov philip lowe said higher rates would help create a more sustainable balance between supply and demand the head of the united nations nuclear agency gave a sharp warning tuesday about growing nuclear risks saying that irans activities risked a regional nuclear arms race and that russias occupation of ukrainian nuclear sites threatened to imperil the agencys ability to ensure nuclear material wasnt being misused in a wideranging speech at the australian national university in canberra rafael grossi the head of the international atomic energy agency warned that we are reaching a defining moment for global nuclear nonproliferation in which the risks of the spread of nuclear weapons pose a problem for everyone a 21yearold man who police said fired more than 70 rounds from a rooftop into a crowd gathered for a fourth of july parade in the chicago suburb of highland park ill was charged with seven counts of firstdegree murder the suspect robert e crimo iii allegedly planned the attack for weeks and dressed as a woman to hide his identity officials said tuesday the large hadron collider resumed scientific operations on tuesday after a threeyear hiatus for repairs and upgrades opening a new chapter in physicists longstanding quest to understand the fundamental building blocks of the universe the resumption came shortly after scientists with the european organization for nuclear research or cernthe international body that operates the colliderannounced that earlier research conducted at the facility revealed three previously unknown subatomic particles write to us at newslettersdowjonescom we offer an enhanced version of this briefing that is optimized for viewing on mobile devices and sent directly to your email inbox if you would like to sign up please go to httpsnewspluswsjcomsubscriptions this article is a text version of a wall street journal newsletter published earlier today | 0 |
shares of bank of montreal bmo slid 055 to c12201 wednesday in what proved to be an allaround rough trading session for the canadian market with the sptsx composite index gsptse falling 114 to 1928410 bank of montreal closed c3246 short of its 52week high c15447 which the company achieved on march 22nd trading volume of 13 m shares remained below its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
register now for free unlimited access to reuterscom register people speak to advisors at a job fair in the siberian city of krasnoyarsk november 21 2008 reutersilya naymushin russia moscow aug 31 reuters the number of people unemployed in russia was 29 million in july or 39 of the workforce with the jobless rate staying at the record low reached in may the statistics service said on wednesday analysts polled by reuters had forecast unemployment of 41 note figures based on the methodology of the international labour organisation | 0 |
shares of sherwinwilliams co shw inched 061 higher to 23953 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 029 to 414077 and the dow jones industrial average djia rising 018 to 3296923 the stocks rise snapped a sixday losing streak sherwinwilliams co closed 11462 below its 52week high 35415 which the company achieved on december 30th the stock outperformed some of its competitors wednesday as home depot inc hd rose 039 to 30811 ppg industries inc ppg rose 028 to 12801 and masco corp mas rose 032 to 5253 trading volume 15 m remained 275121 below its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of sherwinwilliams co shw shed 029 to 22778 wednesday on what proved to be an allaround dismal 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 this was the stocks second consecutive day of losses | 0 |
shares of martin marietta materials inc mlm slipped 124 to 30969 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 045 to 380178 and dow jones industrial average djia falling 067 to 3077279 martin marietta materials inc closed 13677 short of its 52week high 44646 which the company reached on january 4th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as crh plc adr crh fell 086 | 0 |
shares of american tower reit amt dropped 032 to 19062 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 138 to 451339 and dow jones industrial average djia falling 098 to 3528252 american tower reit closed 9185 short of its 52week high 28247 which the company achieved on august 15th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as crown castle inc cci fell 115 to 10700 and sba communications corp sbac rose 020 to 22856 trading volume 22 m remained 188846 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 |
why you can trust the marketwatch guides team the marketwatch guides team is committed to providing reliable information to help you make the best decision possible about insuring your vehicle because consumers rely on us to provide objective and accurate information we created a comprehensive rating system to formulate our rankings of the best car insurance companies we collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors after 800 hours of research the end result was an overall rating for each provider with the insurers that scored the most points topping the list learn more about our methodology how much is car insurance in boston mass our data shows that minimumcoverage insurance in boston costs 76 per month or 914 per year on average this is about 47 more than the national average of 52 per month or 625 per year similarly fullcoverage insurance costs 271 per month or 3248 per year on average which is about 62 more expensive than the national average of 167 per month or 2008 per year for full coverage plymouth rock offers the cheapest liability insurance with average rates of 41 per month or 492 per year geico is the secondcheapest option in boston with average rates of 52 per month or 622 per year liability coverage is the minimum coverage required by the state of massachusetts according to law all drivers must either meet or exceed the following stateminimum massachusetts car insurance requirements in massachusetts auto insurers aren’t allowed to consider a driver’s age gender or credit score when setting their rates however your driving history can still affect how much you pay for car insurance this section will look at the average auto insurance expenses for different driving profiles in boston mass while car insurance providers can’t use age to set rates teen drivers still pay more for insurance because of their lack of experience behind the wheel our data shows 16yearolds pay about 250 per month or 2997 per year for car insurance in boston the cost of car insurance gradually reduces as drivers get older rates tend to be cheapest for drivers in their 30s and 40s but auto insurance tends to rise again when drivers hit their 60s below you can take a closer look at the average minimumcoverage car insurance prices in boston for various age groups if you’ve gotten any speeding tickets or any dui convictions in the last few years you’ll likely find higher auto coverage costs you’ll also end up paying more for car insurance if you’ve caused any recent car accidents on average speeding can increase your rates by 48 an atfault accident by 99 and a dui by 122 different companies have different average price increases after accidents or traffic violations however if you don’t have the cleanest driving record plymouth rock is worth checking out as it has the most affordable rates for this type of driving profile the table below shows average rates by company for drivers who have either a speeding ticket accident or dui on their record if you’ve caused an accident while driving it may cause your insurance rates to increase more than if you were caught speeding plymouth rock and geico are the cheapest options here with average rates of about 64 per month and 77 per month respectively you can see some auto insurance companies charge significantly more for this amount for coverage after an accident driving under the influence is a significant traffic violation that can skyrocket your car insurance rates by several hundreds of dollars each year especially if you’re in boston plymouth rock is very cheap compared to other companies with average rates of 67 per month or 798 per year for drivers with a dui hanover geico and progressive are also good options with rates under 96 per month on average auto insurance rates in boston are higher than the national average by 46 respectively however there are still affordable options available from providers such as plymouth rock with minimum coverage costs around 41 monthly plymouth rock also offers the cheapest fullcoverage rates in boston at 130 per month compare free quotes to find the company that meets your massachusetts auto insurance needs at the best rate you can compare insurance products and get auto insurance quotes online or from insurance agents | 0 |
shares of zimmer biomet holdings inc zbh shed 194 to 10330 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 115 to 385443 and dow jones industrial average djia falling 052 to 3117384 this was the stocks second consecutive day of losses zimmer biomet holdings inc closed 5236 short of its 52week high 15566 which the company achieved on august 2nd the stock underperformed when compared to some of its competitors monday as johnson | 0 |
shares of avalonbay communities inc avb rallied 172 to 16838 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 015 to 385576 and dow jones industrial average djia falling 028 to 3181914 the stocks rise snapped a twoday losing streak avalonbay communities inc closed 9067 below its 52week high 25905 which the company achieved on march 29th the stock outperformed some of its competitors monday as equity residential eqr rose 132 | 0 |
shares of ispecimen inc an online marketplace for human biospecimens were trading lower on nasdaq thursday after it closed a previously announced private placement of shares the company late wednesday said it sold about 17 million shares of common stock together with warrants to purchase 13 million shares the company said each share of common stock and accompanying threequarters of one warrant were sold at a combined offering price of 12 at 1155 am et ispecimen shares were 14 lower at 1253 volume at the time topped 19 million shares compared with a 65day average volume of about 46 million shares on nov 29 the stock touched a 52week high of 2897 per share ispecimen has a market cap of 10208 million 7 million shares outstanding and a public float of 324 million shares | 0 |
canadian insurer ia financial corp on thursday reported a 13 fall in firstquarter profit missing expectations in the period ia financial reported pershare earnings of 140 canadian dollars or us108 down from c161 in prioryear period core earnings an adjusted metric came in at c179 a share missing its guidance range of 185 to 2 a share according to factset analysts were expecting a rise to c197 a share return on shareholders equity increased slightly to 128 from 127 a year ago assets under management and administration ended the quarter at c2139 billion a yearoveryear increase of 6 it said chief financial officer jacques potvin said that while our firstquarter profitability did not meet our expectations several fundamentals such as our robust balance sheet strong capital position and good organic capital generation provide a stable foundation to pursue our growth strategy in an environment of macroeconomic variations and high inflation | 0 |
shares of martin marietta materials inc mlm slid 101 to 35252 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 158 to 407163 and dow jones industrial average djia falling 102 to 3353083 martin marietta materials inc closed 3421 short of its 52week high 38673 which the company reached on february 15th | 0 |
shares of corteva inc ctva rallied 237 to 4582 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 178 to 464923 and the dow jones industrial average djia rising 160 to 3549270 the stocks rise snapped a twoday losing streak corteva inc closed 416 below its 52week high 4998 which the company achieved on may 10th the stock outperformed some of its competitors tuesday as linde plc lin rose 078 to 33289 air products chemicals inc apd rose 025 to 29575 and dupont de nemours inc dd rose 170 to 7649 trading volume 22 m remained 467511 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 |
a look at the day ahead in us and global markets from mike dolan bombarded by incoming corporate earnings updates and increasingly wary of tense geopolitics world markets appear to have turned sour again on financial stocks as the full extent of march bank stress unfolds shares in first republic bank frcn one of the most hit regional banks during last months blowup sank 22 ahead of tuesdays open after it said deposits plunged by more than 100 billion in the first quarter adding it aims to restructure its balance sheet and lay off up to a quarter of staff although first republic said deposit flight had stabilised since quarterend the echo of the march crisis reverberated around other regional banks and global banking stocks at large ubs ubsgs shares were down almost 3 after it said it had set aside more money to draw a line under its involvement in toxic mortgages halving its firstquarter profit as it prepares to swallow fallen rival credit suisse csgns european bank stock indices sx7p sx7e fell 2 spains santander sanmc fell almost 4 despite reporting higher profits and germanys deutsche bank dbkgnde fell 3 ahead of its results later in the weekly ironically the latest banking wobble comes as the worlds top central banks said they will reduce the frequency of their dollar swap operations with the us federal reserve from may 1 as last months volatility in financial markets had receded but the new bank rumble heightened political tensions between western powers and the chinarussia alliance and nerves about the standoff over the us government debt ceiling have all fed simmering investor anxiety this week although the euro has been lifted against the dollar by increasingly hawkish rhetoric by european central bank officials its the swiss franc which is leading european currencies higher hovering close to its best levels against the us currency in more than two years with the bank of japan expected to double down on its easy monetary policy stance later this week the swiss franc is also testing its strongest levels against the yen in at least eight years chinese stocks fell for the fifth straight session meantime and the yuan fell to its lowest against the euro since september 2021 with all the uptick in stress and a weak manufacturing survey from the dallas federal reserve on monday us treasury yields fell back and futures markets upped the chances of fed rate cuts later in the year the debt ceiling jitters smouldered in the background as republicans tried to push their new spending cut plan through congress onemonth treasury bill yields which had plummeted over the past week as investors tried to avoid 3month bills likely to get caught in any government funding crunch over the issue pushed back slightly higher on tuesday and with wall st now awaiting a torrent of profit updates later today including mega caps microsoft and alphabet after the bell stock futures were half a percent in the red events to watch out for on tuesday us april consumer confidence april philadelphia fed service sector survey april richmond fed manufacturing survey dallas fed services survey us march new home sales feb house prices us corp earnings microsoft alphabet visa northern trust moodys pepsico mcdonalds kimberlyclark 3m invesco fiserv danaher ups verizon texas instruments nextera energy raytheon ge gm chipotle msci biogen dow paccar centene enphase energy halliburton spotify boston properties chubb united health juniper networks costar etc | 0 |
shares of expedia group inc expe rallied 232 to 9675 tuesday on what proved to be an allaround favorable 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 second consecutive day of gains expedia group inc closed 10723 short of its 52week high 20398 which the company reached on march 29th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as booking holdings inc bkng rose 311 to 257132 tripadvisor inc trip rose 272 to 1929 and makemytrip ltd mmyt rose 072 to 2507 trading volume 23 m remained 438225 below its 50day average volume of 27 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of clinicalstage biopharma company 89bio inc etnb gained 48 premarket on tuesday as evercore isi analysts initiated coverage of the stock with an outperform rating the company is focused on developing pegozafermin as a treatment for cardiometabolic and liver diseases including nonalcoholic steatohepatitis nash or inflammation caused by buildup of fat in the liver some investors have been cautious on nash treatments due to the rise of incretin mimetics such as novo nordisk’s nvo wegovy for obesity but based on emerging evidence “we believe advanced nash will require specialized medicines” to reverse the course of disease evercore analysts liisa bayko and seema sheoran wrote in a report tuesday adding that “the markets are large enough to accommodate multiple treatment options” the analysts’ price target for 89bio is 49 per share | 0 |
us stocks traded lower on wednesday afternoon for a third day after federal reserve chairman jerome powell warned that policymakers still expect more interestrate increases this year to combat inflation doubling down on the hawkish view that the central bank isnt done with its aggressive monetary tightening campaign on tuesday the dow ended down 24525 points or 07 to 3405387 the sp 500 dropped 2088 points or 05 to 438871 and the nasdaq composite decreased 2228 points or 02 to 1366729 stocks were trading lower wednesday dialing back from recent levels not seen in more than a year with some analysts concerned that stockmarket investors may have gotten ahead of themselves markets were assessing remarks from fed chair powell who is testifying before congressional lawmakers this week starting wednesday with the house financial services committee in a semiannual report on monetary policy and economic outlook the central bank kept interest rates unchanged last week but many market participants think at least one more rate hike could be coming starting from the fomcs july meeting powell wednesday reiterated that he and his colleagues expect more interestrate increases ahead as inflation is still too high however he did not shed any new light on the timing of the moves nearly all fomc participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year powell said powell said in the questionandanswer session that the forecast of two more interestrate hikes this year is a pretty good guess as there is strong support among his colleagues for two additional 25basispoint rate hikes this year a big majority believes they will raise rates twice this year you know i think thats a pretty good guess of what will happen if the economy performs as expected powell said during testimony to the house financial services committee wednesday afternoon david russell vice president of market intelligence at tradestation said powell is straddling the fence between hawk and dove by emphasizing elevated inflation but also expectations that prices will ease as a result it will keep his options open for the next fomc meeting in late july as policymakers will have the chance to assess another whole month of economic data by then however unless the jobs picture slows sharply between now and then investors will probably keep expecting one more 25basispoint hike to satisfy the hawks on the board russell said policymakers dont want to get caught napping again in their fight against inflation see economist who anticipated bank failures says us recession may be just around the corner 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 |
if history is any guide there may be trouble ahead for shares of honda motor co nysehmc 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 honda motor co which is trading around 2963 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 do you use the death cross signal in your trading or investing share this article with a friend if you found it helpful | 0 |
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oil futures held modest gains early wednesday after industry data showed a large drop in us crude inventories but a build in product supplies ahead of official figures crude was boosted in tuesday’s session after the organization of the petroleum exporting countries and its allies known together as opec held to plans to boost output by 400000 barrels a day in february west texas intermediate crude for february delivery cl00 clg22 rose 27 cents or 04 to 7726 a barrel on the new york mercantile exchange march brent crude brn00 brnh22 the global benchmark was up 34 cents or 04 at 8034 after both grades ended at fiveweek highs “the move from opec provides some comfort to the market as it signals that they are confident with the demand outlook in the coming months” said warren patterson head of commodities strategy at ing in a note while oil has bounced back from the selloff sparked by the discovery of the omicron variant of the coronavirus that causes covid19 in late november the market might not be out of the woods he said noting reports that china put a second city yuzhou with a population of 11 million under lockdown after discovering three asymptomatic cases of covid19 the 13 million residents of xi’an have been under lockdown restrictions since dec 23 “clearly china continues to pursue its zerocovid policy and if we were to see more widespread lockdowns domestically that would be a concern for oil demand” patterson said the american petroleum institute reported late tuesday that us crude supplies fell by 64 million barrels in the week ended dec 31 according to sources the api also reportedly showed weekly inventory increases of 71 million barrels for gasoline and 43 million barrel for distillates crude stocks at the cushing okla delivery hub rose by 23 million barrels last week sources said inventory data from the energy information administration will be released wednesday on average the eia is expected to show crude inventories down by 44 million barrels according to a survey of analysts conducted by sp global platts the survey also calls for weekly supply increases of 19 million barrels each for the gasoline and distillate categories | 0 |
eli lilly co lly said wednesday that it will supply the us government with an additional 150000 doses of its covid treatment bebtelovimab for about 275 million delivery of the doses will begin immediately and be completed no later than aug 5 the company expects the government supply of bebtelovimab including the new purchase to meet demand through late august lilly expects the additional dose order to add about 275 million to 2022 revenue and to boost earnings per share by 8 cents the company said an option for an additional 350000 doses to be exercised no later than sept 14 is still part of the original agreement lillys stock slipped 05 in premarket trading it has run up 150 year to date through tuesday while the sp 500 spx has dropped 198 | 0 |
shares of midamerica apartment communities inc maa sank 003 to 18973 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 048 to 417548 and the dow jones industrial average djia rising 020 to 3312879 this was the stocks third consecutive day of losses midamerica apartment communities inc closed 4190 below its 52week high 23163 which the company achieved on december 31st the stock underperformed when compared to some of its competitors tuesday as equity residential eqr rose 025 to 8020 avalonbay communities inc avb rose 058 to 22244 and udr inc udr rose 014 to 5183 trading volume 543711 remained 168967 below its 50day average volume of 712678 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 |
singapore shares in australia looked set for a higher start on wednesday with investors looking ahead to the us federal reserves interest rate decision expected later stateside futures pointed to a higher open for australian stocks the spi futures contract was at 7328 against the spasx 200s last close at 731620 markets in japan and mainland china are closed on wednesday for holidays the us federal reserve is expected to raise interest rates on wednesday for the second time since 2018 the central bank is also expected to launch a program to reduce its bond holdings by 95 billion a month starting in june the fed is expected to hike interest rates and slash its balance sheet aggressively over the next 16 months and majority of the respondents in the may cnbc fed survey see the process leading to a recession | 0 |
shares of gopro inc gpro shed 286 to 476 wednesday on what proved to be an allaround poor trading session for the stock market with the nasdaq composite index comp falling 135 to 1021329 and dow jones industrial average djia falling 110 to 3287571 this was the stocks fourth consecutive day of losses gopro inc closed 635 short of its 52week high 1111 which the company reached on january 5th the stock underperformed when compared to some of its competitors wednesday as avid technology inc avid fell 107 to 2497 and nikon corp adr ninoy fell 119 to 869 trading volume 15 m remained 108601 below its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
us stock futures traded higher this morning here are some big stocks recording gains in today’s premarket trading session digital world acquisition corp shares climbed 395 to 2439 in premarket trading following recent reports that donald trump could soon announce 2024 presidential run perfect corp gained 146 to 1051 in premarket trading after jumping over 26 on friday selina hospitality plc shares climbed 113 to 402 in premarket trading after dipping over 19 on friday clear channel outdoor holdings inc rose 11 to 141 in premarket trading after declining around 6 on friday millicom international cellular sa gained 106 to 1305 in premarket trading atlas investissement confirmed that it acquired a 7 interest in millicom rlx technology inc rose 85 to 165 in premarket trading rlx technology is expected to report q3 financial results on november 16 2022 comstock resources inc rose 85 to 1999 in premarket trading the company recently posted upbeat q3 results amtd digital inc climbed 7 to 1963 in premarket trading xpeng inc gained 53 to 830 in premarket trading also check this out yelp twilio atlassian and other big losers from friday | 0 |
the us stock market looks “a bit ragged” after major benchmarks pressed past a series of new peaks this year according to paul nolte a portfolio manager at kingsview investment management the largest stocks are again taking the lead in performance while “the shine has come off the ‘reopening’ trade” nolte wrote in a note monday the sp 500 index spx rose monday to its 53rd record close of 2021 while the technologyheavy nasdaq composite index comp finished at its 32nd alltime high of the year “the generals are making new alltime highs but the troops are not necessarily following” nolte said in a phone interview monday smallcap stocks are falling behind he explained while an equalweighted measure of the “top heavy heavy” sp 500 index has started slipping easy monetary policy has been helping to fuel us stocks higher said nolte seeing potential for a pullback of 3 to 7 as investors “reset expectations” the sp 500 a capitalizationweighted index with a large exposure to technology has risen about 53 this quarter based on tuesday afternoon trading according to factset data at last check the invesco sp 500 equal weight etf rsp is lagging with a gain of about 37 so far this quarter read the sp 500 hasn’t seen a yeartodate rally this strong since 1997 what’s next tech stock valuations are high according to nolte “they’ve built in very high expectations” for earnings and are priced for “perfection at this point” he said as many investors continue to view their performance over the past year “as a road map” for the next 12 months and beyond meanwhile the sp 500 and nasdaq were trading slightly down tuesday afternoon factset data show at last check the dow jones industrial average index djia a gauge of bluechip stocks in the us also edged lower in tuesday afternoon trading though not far from its closing peak reached august 16 smallcap stocks in the us were up modestly tuesday afternoon but are so far showing losses for the third quarter the russell 2000 index rut is down about 16 since the end of june according to factset data investors have signaled caution elsewhere in the us stock market the healthcare sp50035 and utilities sp50055 sectors which are defensive bets have seen relatively strong performance this quarter said matt forester chief investment officer of lockwood advisors at bny mellon pershing in a phone interview tuesday some of the hottest us stocks since the end of june are in those sectors pointing to “an economic cooldown” the wall street journal reported august 29 “so you’re seeing a little bit more defensive action in the markets” said forester “there is some concern about what future growth looks like” | 0 |
shares of lowes cos low slumped 085 to 21708 friday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 037 to 440959 and dow jones industrial average djia falling 032 to 3429912 lowes cos closed 623 below its 52week high 22331 which the company reached on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors friday as amazoncom inc amzn fell 127 to 12549 home depot inc hd fell 054 to 30038 and walmart inc wmt fell 139 to 15553 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 international flavors fragrances inc iff rallied 503 to 12550 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 025 to 400105 and the dow jones industrial average djia falling 026 to 3216074 the stocks rise snapped a threeday losing streak international flavors fragrances inc closed 3158 below its 52week high 15708 which the company reached on august 11th the stock outperformed some of its competitors tuesday as procter gamble co pg fell 053 to 15479 loreal sa adr lrlcy rose 178 to 6513 and estee lauder cos cl a el fell 167 to 22968 trading volume 29 m eclipsed its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
oak street health inc osh shares jumped more than 35 in late trading monday after a report that cvs health corp cvs was nearing a 105 billion acquisition of the healthcare chain the wall street journal reported late monday that the two parties were near a deal at roughly 39 a share and it could be reported as early as this week cvs is due to report earnings wednesday morning previous reports said that the two companies were in talks for a deal of more than 10 billion oak street health shares closed monday at 2596 after a 25 decline then spiked to more than 3550 in the extended session cvs shares ticked down about 03 in late trading | 0 |
shares of kroger co kr inched 022 higher to 4604 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 121 to 407243 and the dow jones industrial average djia rising 103 to 3252963 kroger co closed 1674 below its 52week high 6278 which the company achieved on april 8th the stock demonstrated a mixed performance when compared to some of its competitors thursday as walmart inc wmt rose 250 to 12975 sprouts farmers market inc sfm rose 040 to 2746 and ingles markets inc cl a imkta rose 013 to 9507 trading volume 36 m remained 27 million below its 50day average volume of 63 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 |
valuation tops 20 billion in first day of trading after intel spinoff raised nearly 1 billion in ipo but executive says i could count the number of questions from investors about av on one hand mobileye global inc received a warm welcome back to wall street on wednesday as the stock of the intel corp autonomousdriving spinoff went up more than 30 in its first day of trading after pricing shares in its initial public offering at 21 apiece 1 higher than the targeted range mobileyes stock opened at 2671 in its debut wednesday morning on the nasdaq then moved as high as 2848 in its first hour of trading after receiving a valuation of roughly 167 billion in the ipo mobileyes market cap surpassed 20 billion in its first day of trading theres probably very few companies that could go public in this market mobileye chief communications officer and head of investor relations dan galves said in an interview from nasdaq on wednesday referencing a dormant ipo market and declining overall market in 2022 galves noted that companies going public now must have an established product position drawing a distinction between mobileye and younger companies focused solely on autonomous driving founded by mobileye chief executive amnon shashua in 1999 the israeli company has become the market leader in advanced driverassistance systems or adas galves noted that approximately 40 million cars manufactured in 2021 had forwardfacing cameras installed and mobileye sold 28 million of the devices adas examples include general motors incs gm super cruise or tesla incs tsla autopilot offer features such as lane control and adaptive cruise control in highway conditions mobileye works with more than 50 auto manufacturers installing such systems in more than 800 model types and 125 million individual cars the company said in its filings with the securities and exchange commission mobileye is also looking to the next generation of automated driving by separately developing fully autonomous robotaxis the company has promised to roll out robotaxis commercially in two markets tel aviv and munich by the end of the year and mkm partners managing director rohit kulkarni noted from the companys roadshow that executives presented a somewhat ambitious mediumterm target of producing a fully autonomous vehicle av system at less than 6000 per vehicle but galves said wednesday that he had spoken to over 100 investors in the past couple of weeks and i could count the number of questions about av on one hand he said potential investors were not focused on potential tech breakthroughs contending that the damage that has been inflicted on the tech space this year is because investors do not want to pay for earnings 3 4 or 5 years down the road investors do not want to talk about autonomous vehicles right now galves told marketwatch in a videoconference interview frankly we dont really want to either we are confident in the direction of our av development but it is a corollary to the products we can offer today intel intc agreed to pay 153 billion in cash for mobileye to take the automateddriving pioneer off the public markets in 2017 though the acquisition took until 2018 to officially close intel chief executive patrick gelsinger accompanied shashua to the nasdaq on wednesday to celebrate the first day of trading gelsinger is expected to serve as chairman of mobileyes board shashua published a letter to customers after the stock began trading calling it an exciting new chapter in mobileyes history this is not new territory for us shashua wrote we operated independently before and during our time with intel selffunding our rd and transformation from technology supplier to mobility enabler and i am confident in our ability to continue growing and thriving as a publicly traded company dont miss five things to know about the mobileye ipo as intel returns the automateddriving company to wall street galves who left mobileye not long after the intel acquisition and returned in february said that changes were small both when the company was acquired and now that it will be independent again its the same management team executing the same plan but some of the stuff that was in advanced rd in 2017 are now products he said now that were going public i dont think anything really changes he added well report our own earnings and we have a stock thats going to move and that helps to generate attention from media industry analysts and research analysts mobileye raised just short of 1 billion in the ipo though the total could top that mark if underwriting banks sell the overallotment stake of more than 6 million shares only two initial offerings have raised 1 billion or more in 2022 as the ipo market has dried up following a record year privateequity firm tpg inc tpg raised exactly 1 billion in january and american international group inc aig spinoff corebridge financial inc crbgraised at least 168 billion in september intel will receive the bulk of the cash raised in the ipo mobileye agreed to return as much as 35 billion to intel in a dividend though the parameters established require that mobileye have 1 billion in cash and equivalents and that nothing be owed after the ipo wells fargo analysts wrote that about 225 million will go to mobileye while the rest goes to intel intel will also retain official control of mobileye holding on to 94 of the economic interest in the company and more than 99 of the voting control the wells fargo analysts suggested that the valuation of the stock intel will retain should be worth about 3 to 4 a share for the silicon valley chip maker | 0 |
shares of hormel foods corp hrl inched 044 higher to 4798 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 138 to 479119 and the dow jones industrial average djia rising 098 to 3630238 this was the stocks third consecutive day of gains hormel foods corp closed 288 below its 52week high 5086 which the company reached on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors monday as tyson foods inc cl a tsn rose 110 to 8616 conagra brands inc cag rose 027 to 3342 and jbs sa adr jbsay fell 071 to 1330 trading volume 10 m remained 12 million below its 50day average volume of 23 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
though the nasdaq composite has been beaten down in 2022 there are some stocks that could rally in the new year the technologyheavy index has lost 33 this year the worst of the three major averages as investors rotated out of growth for value names as fears of incoming recession increased big tech which has come to define the composite has seen its earnings flounder with few exceptions as online advertising revenue cools but a bear market creates opportunities for stock pickers with this in mind cnbc pro screened for nasdaq composite stocks with a market cap of at least 5 billion and at least 15 analysts covering them to find those with the biggest gains expected over the next 12 months the chart below includes the 15 names with the higehst potential upside retail investor favorite tesla has been among the most talked about stocks with ceo elon musks purchase of twitter nearly half or 488 of analysts rate the stock a buy with the average price target implying the stock could rally 1152 over the next year the stock has lost 644 in 2022 coinbase is another tech name that has made headlines in recent weeks as the collapse of crypto exchange ftx and owner sam bankmanfrieds arrest has cast doubt on the digital currency more broadly bankmanfried has denied allegations of fraud leadership at coinbase a different exchange has said it does not have any material exposure to ftx as investors grew increasingly concerned about the form of trading despite the concern over cryptos health 367 of analysts still rate the stock a buy the average price target shows an upside of 1107 but that rebound would be making up for its 863 plummet this year united airlines also made the list with 476 of analysts rating it a buy and its average price target showing the potential for a 383 upside the stock has lost 126 this year outperforming the broader index amid a year of resurgence in travel coming out of multiple years overshadowed by the covid pandemic further down the list advanced micro devices could rally 376 based on the average analyst price target the chip maker surpassed intel by market cap for the first time ever this year but the stock has still fallen 556 this year as global supply challenges continued weighing on chip production and demand concerns grew with consumer spending shifting to services from goods about twothirds or 667 of analysts rate the stock a buy pandemic darling zoom also made the list as the video conferencing platform has an average price target showing it could gain 312 after two years of rapid growth as the pandemic shifted meetings to virtual venues the stock has plunged 642 this year the company said it expects weakerthananticipated revenue for the full fiscal year on its thirdquarter earnings call last month just above onefifth or 216 of analysts rate the stock a buy | 0 |
shares of ipg photonics corp ipgp rose 114 to 12464 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 002 to 3266184 and the sp 500 index spx falling 047 to 395139 the stocks rise snapped a threeday losing streak ipg photonics corp closed 1017 short of its 52week high 13481 which the company reached on february 16th the stock outperformed some of its competitors wednesday as teradyne inc ter rose 024 | 0 |
shares of pinnacle west capital corp pnw advanced 192 to 7455 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 146 to 407660 and the dow jones industrial average djia rising 109 to 3408604 pinnacle west capital corp closed 605 below its 52week high 8060 which the company reached on december 14th the stock outperformed some of its competitors tuesday as nextera energy inc nee fell 056 to 7463 southern co so rose 037 | 0 |
shares of cisco systems inc csco shed 157 to 4391 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 208 to 374857 and dow jones industrial average djia falling 195 to 3251394 the stocks fall snapped a threeday winning streak cisco systems inc closed 2038 below its 52week high 6429 which the company reached on december 29th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as microsoft corp msft fell 191 to 22451 international business machines corp ibm fell 072 to 13739 and vmware inc vmw fell 125 to 11053 trading volume 193 m eclipsed its 50day average volume of 193 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 |
anyone bearish on tesla stock should consider this a lot of portfolio managers are underweight tesla stock correcting that situation could generate buying and drive shares higher tuesday wells fargo equity strategist christopher harvey suggested in a research report that it was time to rethink the underweighting of tesla noting that so far in 2022 shunning the stock has worked inflation rising interest rates and the war in ukraine have all damped investor enthusiasm for highgrowth stocks including tesla | 0 |
shares of metlife inc met shed 050 to 7357 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 250 to 375969 and dow jones industrial average djia falling 155 to 3214776 the stocks fall snapped a fourday winning streak metlife inc closed 076 below its 52week high 7433 which the company reached on november 1st despite its losses the stock outperformed some of its competitors wednesday as prudential plc adr puk fell 221 to 1902 assurant inc aiz fell 273 to 13102 and unitedhealth group inc unh fell 071 to 54343true trading volume 61 m eclipsed its 50day average volume of 44 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
shares of broadridge financial solutions inc br inched 074 higher to 13547 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 011 to 3324156 and the sp 500 index spx falling 040 to 382925 this was the stocks second consecutive day of gains broadridge financial solutions inc closed 4993 short of its 52week high 18540 which the company achieved on december 28th the stock outperformed some of its competitors tuesday as fidelity national information services inc fis rose 052 to 6727 and affirm holdings inc cl a afrm fell 305 to 891 trading volume 333789 remained 301217 below its 50day average volume of 635006 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 |
italys banca monte dei paschi di siena spa reached a deal with a banking union to axe 3500 jobs by offering workers early retirement and a large portion of their net pay for up to seven years the latest effort by the troubled lender to turn a page on a chapter that saw it undergo state recapitalization and the disposal of billions in bad loans the federazione autonoma bancari italiani or fabi union said thursday that workers could opt for early retirement on a voluntary basis by the end of november and will be entitled to 80 of their net pay or 85 for those making less than 2850 euros 289745 a month monte dei paschi didnt respond to a request for comment on the deal the worlds oldest bank said in june that it would aim to cut roughly 4000 jobs through a voluntary exit scheme a move monte dei paschi expects will create eur270 million in savings a year from 2023 against oneoff restructuring costs of about eur800 million it will also close some 150 branches bringing its network to just over 1200 branches the bank has long been weighed down by a mountain of bad loans and a legal scandal after the bank teetered near failure rome spent some eur54 billion to nationalize it in 2017 equivalent to more than 6 billion at the time earlier this week the european commission the executive arm of the european union said it had approved a revised set of commitments by italy regarding the ailing lender and that extending the deadline to restructure it and sell the government stake is acceptable under eu rules the italian government is the banks controlling shareholder with a 6423 stake | 0 |
if the only thing you know about sports is who wins and who loses you are missing the highest stakes action of all the business owners that power this multibillion dollar industry are changing and a new era of the business of sports is underway from media and technology to finance and real estate leagues and teams across the globe have matured into far more than just back page entertainment and the decisions they make have huge consequences not just for the bottom line but for communities cities even entire countries | 0 |
shares of cdw corp cdw inched 075 higher to 19485 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 040 to 399909 and the dow jones industrial average djia rising 033 to 3430261 this was the stocks sixth consecutive day of gains cdw corp closed 492 below its 52week high 19977 which the company reached on february 9th the stock demonstrated a mixed performance when compared to some of its competitors friday as amazoncom inc amzn rose 299 to 9812 adobe inc adbe fell 005 to 34438 and accenture plc cl a acn fell 060 to 28214 trading volume 713660 eclipsed its 50day average volume of 585238 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 |
goldman sachs says the current rally in global stocks is temporary forecasting a market bottom in 2023 the wall street bank said it had arrived at the forecast after some of its typically consistent indicators of a market bottom had yet to be reached we continue to think that the nearterm path for equity markets is likely to be volatile and down before reaching a final trough in 2023 the analysts said in their 2023 outlook bear with it note to clients on nov 21 the investment bank said that while valuations had fallen this year they had mostly done so in response to rising interest rates in addition the bank noted that investors havent yet priced in earnings losses from a recession valuations in equities have fallen a long way since the beginning of this year but this doesnt mean to say they are cheap the analysts said by december 2023 goldman sachs expects the s p 500 to rise to 4000 points thats just 09 higher than fridays close the bank sees the stoxx europe 600 increasing by 4 to 450 points by the end of next year this year the s p 500 has fallen by over 15 to 3965 points while the stoxx europe 600 has declined by around 85 to 432 points goldmans prediction is similar to morgan stanleys call on the s p 500 its chief us equity strategist mike wilson expects the s p 500 to rise to 3900 by the end of next year wilson said the s p 500 will probably make a new low sometime in the first quarter of next year adding that the low 3000s is a really good range to think about for the low for this bear market goldman said it was more concerned over the potential damage from the speed of interest rate hikes this year from 025 to 3754 than the actual rate in 2021 markets had priced in just two 025 percentage point rate hikes this year a significant rally in stock markets would indicate that financial conditions have eased however goldmans analysts are concerned that this may be premature and would likely lead to more rate hikes from the federal reserve the investment bank also says its unclear how long interest rates will remain elevated it is forecasting no cuts to interest rates before 2024 even in the event that there is a soft landing in the economy – particularly in the us as our economists forecast – interest rates may well stay higher for longer than the market is pricing analysts led by peter oppenheimer goldmans chief global equity strategist said the downside risks to equities may be moderate but on a relative basis the hurdle rate suggests a high bar for equities leaving little room for a rerating | 0 |
shares of medtronic plc mdt dropped 085 to 8289 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 027 to 3366502 and the sp 500 index spx falling 038 to 426752 this was the stocks third consecutive day of losses medtronic plc closed 1390 below its 52week high 9679 which the company achieved on june 8th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as johnson johnson jnj rose 021 to 15852 danaher corp dhr rose 122 to 23752 and abbott laboratories abt fell 094 to 10166 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 anheuserbusch inbev sa adr bud slid 224 to 5969 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 064 to 410990 and dow jones industrial average djia falling 101 to 3301214 anheuserbusch inbev sa adr closed 740 short of its 52week high 6709 which the company achieved on march 31st the adr underperformed when compared to some of its competitors tuesday as kirin holdings co ltd adr knbwy fell 056 to 1590 san miguel corp smgbf remained unchanged and compania cervecerias unidas sa adr ccu fell 177 to 1664 trading volume 21 m remained 147787 below its 50day average volume of 23 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use | 0 |
canadian pacific railway ltd nyse cp and kansas city southern nyse ksu announced on | 0 |
shares of netapp inc ntap inched 066 higher to 7829 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 090 to 451844 and the dow jones industrial average djia rising 116 to 3547313 netapp inc closed 224 below its 52week high 8053 which the company achieved on july 21st the stock outperformed some of its competitors monday as cloudflare inc cl a net fell 249 to 6779 arista networks inc anet fell 018 to 17927 and western digital corp wdc rose 012 to 4350 trading volume 14 m remained 11 million below its 50day average volume of 25 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 |
uk stocks rose wednesday as the ftse 100 index ukx closed up 175 at 730110 of the ftse 100 constituents general mining company polymetal international plc poly saw the largest increase wednesday as shares jumped 1391 shares of closedend funds firm scottish mortgage investment trust plc smt and investment advisors company intermediate capital group plc icp increased 938 and 712 respectively mondi plc mndi a paperpulp company and investment advisors business st jamess place plc stj rounded out the top five largest increases as their stocks rallied 701 and 676 respectively avast plc avst a software company saw the largest decrease among ftse 100 constituents as shares tumbled 1326 on wednesday shares of defense equipmentproducts firm bae systems plc ba and multiutilities company national grid plc ng shed 360 and 315 respectively water utilities companies united utilities group plc uu and severn trent plc svt rounded out the top five largest decreases as their stocks declined 258 and 192 respectively the pound was up 051 against dollar gbpusd at 13108 and 010 against the euro ukgbpeur at €11916 brent crude usbrn00 shed 05 to 9945 and the yield on the 10year gilt tmbmkgb10y fell 3312 basis points to 1632 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 |
raytheon technologies corp said monday that its board raised its quarterly dividend of its common stock to 55 cents from 51 cents the company said the dividend will be payable on june 16 to shareholders of record at the close of business on may 20 todays announcement extends our long history of growing dividends and we remain on track to return at least 20 billion of capital to shareowners in the four years following the merger chairman and ceo greg hayes said in prepared remarks | 0 |
shares of cms energy corp cms inched 018 higher to 6011 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 039 to 394994 and dow jones industrial average djia falling 013 to 3370028 this was the stocks second consecutive day of gains cms energy corp closed 1365 short of its 52week high 7376 which the company achieved on april 21st the stock underperformed when compared to some of its competitors monday as xcel energy inc xel rose 044 to 6868 exelon corp exc rose 031 to 3870 and wec energy group inc wec rose 108 to 9673 trading volume 32 m eclipsed 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 |
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