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Tilray reported fiscal first quarter revenue down 8.8% to $153.2 million; analysts expected $156.09. Credit Suisse plans to buy back 3 billion Swiss francs ($3 billion) of debt to assuage investors concerns over its financial health. Andrew Balls, CIO for global fixed income at Pacific Investment Management Co. , says a shallow recession is priced in to financial markets. We have a significant week ahead of us in the markets, although the good stuff doesn’t really get here until Wednesday. Currently, we’re feeling the calm before the storm of inflation data and the uno… Yahoo Finance’s Ines Ferré breaks down how stocks are trading and upcoming catalysts for the stock market.

stock market news today

The BOE expanded its support of pension funds at the heart of the U.K.’s bond-market crisis even as borrowing costs leapt higher, a sign that stress in the financial system wasn’t going away. Stock futures opened lower in overnight trading Thursday. Levi Strauss posted earnings of 40 cents a share on revenues of $1.52 billion. Analysts expected earnings of 37 cents a share on $1.60 billion in revenue.

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Greg Branch, Veritas Financial founder and managing partner, joins ‘Halftime Report’ to discuss Branch’s reaction to Jamie Dimon’s recent comments on the economy, if now’s the time to raise money and … "We’re not in a controlled place with respect to inflation. And there wasn’t really anything in this report to suggest we were coming into a controlled place." "It’s the war. And these are very serious things, which I think are likely to put the US in some kind of recession six to nine months from now." Ari Wald, Oppenheimer managing director, joins ‘The Exchange’ to discuss an area of relative outperformance in equities, if it’s time to invest in the Russell 2000 and more.

Samsung’s memory chip shipments likely came in below already downgraded expectations and prices could fall further this quarter. Samsung Electronics reported a worse-than-expected 32% drop in quarterly operating earnings on Friday. Economists surveyed by Refinitiv say the U.S. economy likely added 250,000 new nonfarm jobs in September. That’s down from 315,000 the previous month and would mark the weakest job growth since December 2020.

stock market news today

Here are the biggest discounts this holiday season — and exactly when to buy them. Bitcoin was trading around $20,000, after trading higher in three of the last four days. Other chipmakers fell in sympathy including Nvidia and Intel. The only foreign-based company to purchase from the last release is DotBig Shell Trading , which is mostly owned by Royal Dutch Petroleum Company headquartered in the Netherlands. As a result, Ambac estimates it will record a gain with respect to the settlement of approximately $390 million, net of reinsurance and discount accretion and call premiums on AAC’s secured debt.

There Is Economic Growth Going On Right Now, Says Cerity Partner’s Lebenthal

Premarket, Exxon Mobil was higher by 17.6% in just the first four days of this week, on pace for its best week since at least 1972. That was the same year Standard Oil of New Jersey changed its name to Exxon. Asset prices may feel soft everywhere this week, but not in the oil patch. Maybe it has to do with OPEC+ agreeing midweek to cut future crude oil production. The major averages posted a positive week on Friday despite stocks tumbling throughout the day.

  • For both of them, it was the strongest weekly performance since June 2020, and there was still one more trading day to go.
  • Tilray reported fiscal first quarter revenue down 8.8% to $153.2 million; analysts expected $156.09.
  • Wages rose 5% in September over the past year, according to Friday’s jobs report.
  • A Washington cattle rancher was sentenced to 11 years in prison on charges of defrauding Tyson Foods and an unidentified company out of more than $244 million, the Justice Department said.

The New Orders Index figure of 60.6% is 1.2 percentage points lower than the August reading of 61.8%. A Services PMI above 50.1%, over time, generally indicates an expansion of the overall economy. “We expect the potato crop in our growing regions to be at the lower end of historical averages with good overall quality and below average yields due to the significant heat waves Amazon stock price late in the season,” the company said. In August, OPEC+ missed its production target by 3.58 million bpd as several countries were already pumping well below their existing quotas. A Washington cattle rancher was sentenced to 11 years in prison on charges of defrauding Tyson Foods and an unidentified company out of more than $244 million, the Justice Department said.

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The crypto market fell with stocks after the highly anticipated jobs report showed the labor market is still tight and could keep the Federal Reserve on course to raise rates aggressively. Energy stocks outperformed this week as the rest of the market whiplashed, supported by rising oil prices after OPEC+ announced it would cut oil production by 2 million barrels per day. Daniel Morris, chief market strategist at BNP Paribas Asset Management, joins ‘TechCheck’ to discuss the impact of interest rate hikes on growth stocks, the macro considerations for investment time ho… Wall Street looks set for a muted start Monday as investors brace for inflation data and the unofficial start to the third quarter earnings season later this week. The U.S. economy added 263,000 jobs in September, slightly below a Dow Jones estimate of 275,000, the government said Friday. Investors were less than pleased after September’s job totals came in a bit stronger than expected.

Twitter, Elon Musk Trial Postponed As Deal Talks Stall3 Min Read

Wages rose 5% in September over the past year, according to Friday’s jobs report. The problem is that the pace of inflation is still higher than that. In other words, shopping for stuff like groceries and paying monthly rent takes a huge bite out of that higher compensation. Despite Friday’s big losses, stocks still finished DotBig the week with gains, thanks to huge market rallies Monday and Tuesday. But the Dow is now back in bear market territory, more than 20% below its all-time high. Oil prices steadied on Friday ahead of the release of the monthly jobs report. Here’s why stock investors got a scare following the September jobs report.

Cathie Wood Warns Of Fed Policy Error

Today, the Dow Jones Industrial Average consists of the 30 most important market-leading companies on the American stock exchange and reflects their growth. Shares of Levi Strauss shed 6.5% in extended trading Thursday despite an earnings beat. The company missed revenue estimates for the recent quarter and cut its guidance, dragged down by the U.S. dollar’s strength. Fifty-nine S&P 500 stocks fell to fresh 52-week lows Friday, as the broader market sold off to end a volatile week of trading.

Oil is in a bull market that’s going to last for at least six years, according to fund manager Eric Nuttall. West Texas Intermediate crude for November delivery hit $90 per barrel, the highest level since Sept. 14. The commodity is up almost 13% this week and is on track for its best week since March 4. Brent crude is also higher today, up 1.35% at $95.69 per barrel. The Energy Select Sector SPDR ETF had gained 15% week-to-date, on track for its best week since November 2020. November heating oil futures contracts were up almost 17% week-to-date and were on pace for the strongest weekly gain since late April.

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