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☆ Inflation data commands center stage next week and provides a test for the market rally
▼ + stars: | 2024-05-11 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

All three major U.S. stock indexes closed higher for the week, led by the Dow Jones Industrial Average . The Nasdaq Composite added 1.14% while the S & P 500 advanced 1.85% in a relatively quiet week of economic updates. Within the portfolio, Disney and Wynn Resorts released quarterly numbers; we took issue with the stock reaction to both reports. It also raises the stakes around major economic releases, such as next week's consumer inflation report. In the week ahead, earnings season continues — headlined by Walmart on Thursday — and inflation data will dominate the economic calendar.

Persons: We've, Jim Cramer, Dow Jones, we'll, We'll, Stanley Black, Decker, Jack, JACK, Arcutis, Spero, JD.com, Armour, Jim Cramer's, Jim, Carlo Allegri Organizations: Dow Jones, Nasdaq, Disney, Wynn Resorts, Procter, Procter & Gamble, Walmart, CPI, PPI, Club, Home Depot, Biotech Corporation, Music Entertainment, Central Puerto S.A, TeraWulf Inc, Paysafe Group Holdings, QuickLogic Corporation, Kopin Corp, Royalty Corp, Agilysys Inc, Crop Solutions Corp, Inovio Biomedical, Intercorp Financial, Lithium, Argentina ) Corp, Sea, Sony Group Corporation, SONY, Holding, HudBay Minerals, Autolus Therapeutics, Game Technology, Nu Holdings, Dragonfly Energy Holdings Corp, Bakkt Holdings, Prestige Consumer Healthcare, SilverCrest Metals, Inc, Mining Corp, Acurx Pharmaceuticals, Cresco Labs, Dole plc, DOLE, Arcos Dorados Holdings, ARCO, Cisco Systems, Grab Holdings, Copa Holdings S.A, Technologies, Iris Energy, KORE Group, Super, Spero Therapeutics, ZTO, Baidu, Deere & Company, NICE, Lightspeed Commerce, Ship Lease, Canada Goose Holdings, Drainage Systems, Consolidated Water Co, Outlook Therapeutics, Despegar.com, Corp, DXC Technology Company, Flowers Foods, Bruker Corporation, WYNN, CNBC, Foods Locations: Procter &, Central, Cayman, Lithium Americas, Argentina, Manhattan, New York City

☆ Glencore expects 2023 trading unit profits of up to $4 bln
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 21 (Reuters) - Glencore (GLEN.L) on Friday said it expects profits at its trading division this year of up to $4 billion, exceeding its long-term annual guidance. It expects full-year trading earnings before interest and taxes (EBIT) to be between $3.5 and $4 billion. The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10% to 488,000 tons in the first half. "Our full-year production guidance remains unchanged from earlier guidance," boss Gary Nagle said in a release. "Second-half volume weightings in copper, zinc and nickel reflect higher expected production volumes from Collahuasi, Kazzinc, Mount Isa and INO."

Persons: Gary Nagle, Mount Isa, INO, Clara Denina, Jason Neely, Jan Harvey Organizations: Democratic, Thomson Locations: Katanga, Democratic Republic of Congo, DRC

☆ North Korea fires short-range ballistic missile, South Korea says
▼ + stars: | 2023-03-19 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

SEOUL, March 19 (Reuters) - North Korea fired a short-range ballistic missile towards the sea off the east coast of the Korean Peninsula on Sunday, according to South Korea and Japan, the latest in a barrage of weapons tests from the nuclear-armed state. Seoul has condemned the recent ballistic missile launches by the North as a "clear violation" of a U.N. Security Council resolution. "North Korea's behaviour threatens international peace and security, and is unacceptable," Japan's state minister of defense, Toshiro Ino, told a news conference, adding Japan had protested strongly via North Korea's embassy in Beijing. But the recent missile launches highlight the destabilising impact of Pyongyang's unlawful weapons of mass destruction and ballistic missile programs, it said in a statement. South Korean and American forces kicked off the 11-day drills, dubbed "Freedom Shield 23", a week ago on a scale not seen since 2017.

☆ North Korea Launches Two Missiles, Adding to a Historic Year of Weapons Testing
▼ + stars: | 2022-12-18 | by ( Timothy W. Martin | ) www.wsj.com time to read: 1 min

SEOUL—North Korea launched two ballistic missiles off its east coast on Sunday, adding to what has already been a historic year of weapons activity. The medium-range missiles were fired between 11:13 a.m. and 12:05 p.m. local time from the North’s Tongchang-ri area, Seoul’s military said. They flew roughly 310 miles and hit altitudes of about 340 miles, before splashing into the waters between Japan and the Korean Peninsula, according to Toshiro Ino, Japan’s vice defense minister.

Seoul, South Korea CNN —The South Korean military said Wednesday North Korea launched the highest number of short-range missiles in a day as Seoul retaliated to Pyongyang’s latest barrage of weapons tests, further escalating tensions in the region. JCS said the South Korean Air Force targeted international waters north of the NLL at an equal distance to that which the North Korean missile had earlier landed south of the line. North Korea is “fully responsible” for the situation as they are the ones continuing to provoke despite warnings, JCS added. South Korea responded to North Korea's barrage of missiles on Wednesday by firing three air-to-surface missiles from F-15K and KF-16 fighter jets. Correction: This story has been updated to clarify that this is not the first time North and South Korea have fired missiles off their respective coasts, and to reflect that North Korea fired a number of missiles of various types and the distance in kilometers from the NLL.

☆ N.Korea fires two ballistic missiles ahead of Harris visit to South
▼ + stars: | 2022-09-28 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

SEOUL, Sept 28 (Reuters) - North Korea fired two short-range ballistic missiles off its east coast on Wednesday, South Korea's military said, a day before U.S. Vice President Kamala Harris is set to arrive in Seoul. The launch came two days after South Korea and U.S. forces conducted a military drill in waters off the South's east coast involving an aircraft carrier. On Sunday, North Korea fired another ballistic missile towards the sea off its east coast. "North Korea's provocations will further strengthen the South Korean-U.S. deterrence and response capability, and only deepen North Korea's isolation from the international community," the Joint Chiefs said in a statement. Following a stop in Japan, Harris will land in the South Korean capital and visit the heavily fortified Demilitarised Zone (DMZ) between the neighbours on Thursday.

☆ Working at SNL as an NBC page was chaotic but super fun. Here's what the notoriously competitive interview process was like.
▼ + stars: | 2022-08-09 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +17 min

Michelle Tokunaga had no idea what an NBC page was before she applied for the job in New York City. This as-told-to essay is based on a conversation with Michelle Tokunaga, a former NBC page who now works for Comcast in New York City. I had no idea what the NBC Page Program was or what a page even did when I applied to the prestigious 12-month fellowship. After a few more weeks of waiting, I got an email saying I'd gotten into the page program in October. They're trusting you to work SNL or The Tonight show — you have to be able to think on your feet under pressure.

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