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Futures linked to the Dow Jones Industrial Average hovered near the flatline Wednesday evening after the 30-stock index posted its sixth consecutive winning day. S&P 500 futures hovered near the flatline, while Nasdaq 100 futures fell 0.1%. During regular trading Wednesday, the S&P 500 inched slightly lower to close near the flatline, while the Nasdaq Composite slid about 0.2%. A slate of falling tech stocks weighed on the indexes, including Uber and Shopify , both of which had recently reported quarterly results. Investors will next turn their attention toward quarterly results from Warner Bros Discovery and Akamai Technologies on Thursday.
Persons: Airbnb, Uber, Dow, Josh Brown, we've Organizations: Dow Jones, Dow, Nasdaq, Ritholtz Wealth Management, Warner Bros Discovery, Akamai Technologies
An attendant holds a sample of newly-designed Japanese 10,000 yen banknote, with three-dimensional holographic technology to prevent forgery, for a photograph at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 28, 2023. The yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the dollar overnight that traders and analysts were quick to attribute to intervention by Japanese authorities. The dollar was 0.9% higher at 155.98 yen as of 0100 GMT, retracing about half of its late Wednesday surge from around 157.55 to exactly 153 over a period of about 30 minutes. "The 'sneak attack' element really is the MOF (Japan's Ministry of Finance) looking to punish speculators and send a warning about shorting the yen." That helped lift the dollar to a 34-year peak of 160.245 yen on Monday and also spurred a sharp reversal which official data suggested was due to Japanese intervention totalling about $35 billion.
Persons: Jerome Powell, Masato Kanda, Kyle Rodda, Sterling, Powell, Jack Mclntyre Organizations: National Printing Bureau, Federal Reserve, Reuters, Capital.com, Japan's Ministry of Finance, Bank of Japan, Brandywine Locations: National Printing Bureau Tokyo, Tokyo, Japan, U.S, Melbourne
Justine KurlandCasper previously appeared in a handful of images in "Highway Kind," Kurland's book published in 2016. “There’s certain kinds of ideas of normalcy (in) family life that, when you divert… it makes things significantly more complicated,” Kurland said. Casper became fascinated by trains, Kurland said, and he would often lead her to them. Justine KurlandLiving off irregular paychecks, Kurland and Casper would sometimes have to “hunker down” at campsites until a deposit came through. As “This Train” details, as much as the book is about their relationship, there’s other darker narratives implicit in Kurland’s images.
Persons: Justine Kurland’s, Kurland, Casper, “ Casper, , Justine Kurland, she’d, ” Kurland, , Justine Kurland Casper, Justine Kurland Kurland, Casper’s, Lily Cho, I’m Organizations: CNN, Mack Books Locations: stopovers, Casper
Palm Sunday commemorates the Christian belief in the triumphal entry of Jesus into Jerusalem, when he was greeted by cheering crowds waving palm branches that they set out on the ground along his path, according to the Bible. The procession of Jesus into Jerusalem is described by the four Gospel writers in the Bible. Some ceremonies in German-speaking countries used to include a figure of Jesus riding a donkey, Encyclopedia Britannica says. The figure is called a “ Palmesel,” or German for “palm donkey,” according to New York's Metropolitan Museum of Art, which on its site recounts how worshippers would lay palms on the ground before the Palmesel during lively processions. Christian pilgrims in the Holy Land mark Palm Sunday by holding Masses and processions retracing Jesus’ triumphal entry.
Persons: Jesus, Joanne M, Pierce, Zechariah, Christ, ” Pierce, John, Matthew, Hosanna, David ! Blessed, , It's, They're, Ash Organizations: College of, Britannica, New York's Metropolitan Museum of Art, Lilly Endowment Inc, AP Locations: Jerusalem, Israel, New, Old City
Here are some key findings from an Associated Press investigation into Rocha's alleged betrayal and the missed red flags that could have helped him avoid scrutiny for decades. Rodríguez told AP he believed at the time he received from the Cuban defector in 2006 was an attempt to discredit a fellow anti-communist crusader. It wasn’t just Rodríguez’s tipster — whom he refused to identify to the AP but says was recently interviewed by the FBI. Officials told the AP that as early 1987, the CIA was aware Castro had a “super mole” burrowed deep inside the U.S. government. The FBI and CIA declined to comment, and the State Department didn’t respond to requests.
Persons: Manuel Rocha, Félix Rodríguez, Rocha, , ” Rodríguez, MANUEL ROCHA, , Fidel Castro’s, Fidel Castro, “ El, Liliana Ayalde, Castro, Evo Morales, Ayalde, retracing, “ Che ” Guevara, Rodríguez, tipster, Peter Romero Organizations: MIAMI, Ivy League, CIA, Cuban, Miami, FBI, State Department, Associated Press, WHO, Yale, of Intelligence, Authorities, The Taft School, Prosecutors, U.S, AP, Officials, . Locations: America, Cuban, Cuba, Chile, Colombia, New York City, Connecticut, Bolivia, U.S, Paraguay, Brazil, Latin America, Investigative@ap.org
The cup-and-handle (also known as a cup-with-handle) pattern occurs when you have a rounded basing pattern after a rally phase. Then, in December 2023, both stocks retested their July peak, which formed the cup of this pattern. If this level would fail to hold, then we'll have one more Magnificent 7 stock in a confirmed bearish phase. What concerns me most about these patterns popping up is not just that it suggests caution for these two technology stocks, which I believe it does. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: MCHP, David Keller Organizations: Nvidia Corp, Tesla Inc, Apple Inc, Apple, Technology Inc, Technology, David Keller https
Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a further 1.6 billion euros in shareholder returns for 2024. It follows net profit of 1.031 billion euros for the previous quarter and 1.8 billion euros for the same period last year. It also plans to recommend 900 million euros in shareholder dividends for 2023 at its Annual General Meeting in May. For the year as a whole, the bank reported 4.2 billion euros in net income attributable to shareholders — beating expectations of 3.685 billion euros expected by analysts. As part of a 2.5 billion euro operational efficiency program, Deutsche Bank said it expects to cut 3,500 jobs, mainly in "non-client-facing areas."
Persons: James von Moltke Organizations: Deutsche Bank, Deutsche, CNBC Locations: repurchases
NASA’s plans to return to moon take a hit
  + stars: | 2024-01-13 | by ( Katie Hunt | ) edition.cnn.com   time to read: +7 min
CNN —Humans landed on the moon during NASA’s Apollo program in the late 1960s and 1970s using computers that had far less processing power than today’s smartphones. Several projects are expected to head toward the moon this year with sights set on a soft landing. ExplorationsAstrobotic Technology shared the first image of the Peregrine lunar lander in space on Monday. Once upon a planetThe oldest known fossilized skin is at least 130 million years more ancient than the previously oldest known example. The world’s oldest known fossilized skin belonged to a species of reptile that lived before dinosaurs roamed Earth.
Persons: Russia’s Luna, United States — hasn’t, Peregrine, NASA —, Zhang, King, G.H.R, von Koenigswald, Mooney, Charles Darwin, Ashley Strickland, Katie Hunt Organizations: CNN, United, Astrobotic Technology, Technology, NASA, United Launch Alliance, Payload Services, University of Toronto Mississauga, European Space Agency, CNN Space, Science Locations: India, United States, Pittsburgh, Guangxi, King Kong, Hong Kong, Oklahoma, China, Norway, British, New Mexico
BANGKOK (AP) — Asian shares have retreated after Wall Street added a bit more to its big rally from a day before, while U.S. futures and oil prices were lower. Biden and Xi emerged from their first face-to-face meeting in a year vowing to stabilize the fraught relationship between the world's two biggest economies. Target helped lead the market with a 17.8% jump after it reported much stronger profit for the latest quarter than analysts expected. Prices at the wholesale level were 1.3% higher in October than a year earlier, and they surprisingly fell from September’s levels. That breathed more life into hopes that inflation is indeed cooling enough for the Fed to halt its barrage of rate hikes.
Persons: Joe Biden, Xi Jinping, Biden, Xi, ” Biden, Hang Seng, , retracing, Goldman Sachs, Praveen, Brent Organizations: Nikkei, Dow Jones Industrial, Nasdaq, Federal Reserve, Fed, U.S, Traders, New York Mercantile Exchange Locations: BANGKOK, Shanghai, Seoul, Australia, Japan, India, Bangkok, U.S
The American Farm Bureau Federation's annual survey of holiday food prices out Wednesday shows the full spread will run a party of 10 about 4.5% less in 2023 than in 2022. Her analysis, in fact, and the evolution of the farm bureau's Thanksgiving meal prices are a micro-version of the larger pandemic inflation story that households, elected officials and the Federal Reserve have been grappling with. The good news: The pace of change may remain slow going forward, with supply problems now largely sorted out and recent producer price data pointing to modest food inflation ahead. According to the farm bureau turkey prices are likely headed even lower after their survey. "Consumers who have not yet purchased a turkey may find additional savings in the days leading up to Thanksgiving," the organization said in a news release.
Persons: Betty Resnick, Resnick, Howard Schneider, Andrea Ricci Organizations: American Farm Bureau, Federal Reserve, Reuters, Federal, AAA, airfares, Consumers, Farm Bureau, Labor Department, Thomson
CNN —The pandemic’s enforced period of no travel led an American couple to rethink their life and retire to sunny southern Italy. “We decided to sell our home, our car and all superfluous possessions and make Italy our retirement home for good. The couple looked at different southern Italian regions offering a 7% flat tax for new immigrant retirees, before picking Puglia. The unexpected rising temperatures in southern Italy are too much even for Louisiana natives. “There is a great amount of work that goes into the legal preparations in Italy if you want to actually live there,” says Glenda Tuminello.
Persons: we’ll, Stanley Tucci, Seventysomethings Glenda, Randy Tuminello, Covid, ” Glenda Tuminello, , , , Glenda Tuminello Randy Tuminello, it’s, Glenda Tuminello, they’ve, Michal Ludwiczak, they’re Organizations: CNN, intel, CNN Travel, , Louisiana Locations: American, Italy, Spokane , Washington, Polignano, Puglia, Adriatic, Cefalù, Louisiana, Italian, Mare
“One of the biggest problems is the fragmentation of the forest,” said Luís Paulo Ferraz, executive director of the Golden Lion Tamarin Association, known by its Portuguese acronym AMLD. In the canopy above, the small golden monkeys with long tails were jumping from one branch to another. In the specific region of the Atlantic forest where golden lion tamarins can be found, the forest is down to just 2% of its original size, Ferraz said. In the 1970s, when scientists began efforts to save the species, there were just 200 golden lion tamarins left, according to AMLD. And in spite of a bad bout of yellow fever in 2018 — when the population dropped more than 30% in a matter of months — there are now more golden lion tamarins than at any time since conservation efforts began.
Persons: replanting, , Luís Paulo Ferraz, Sarah Darwin, Charles Darwin, , ” Darwin, Ferraz, tamarins, Diarlei Rodrigues Organizations: RIO DE, Lion Tamarin Association, Nature Conservancy, AMLD, Associated Press Locations: RIO DE JANEIRO, Rio de, Forest, British, Portuguese, Brazil’s, Brazil,
Australia's Prime Minister Anthony Albanese speaks during the bilateral meeting with Indonesia's President Joko Widodo on the sidelines of the 43rd Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, 07 September 2023. Albanese, who arrived on Saturday, was due to meet President Xi Jinping later on Monday, their second face-to-face talks in a year. At the Temple of Heaven, Albanese posed for a photograph at the circular Echo Wall, the same spot where Australia's then prime minister, Gough Whitlam, stood in 1973, a year after the two countries established ties. China and Australia for decades built a relationship on trade, with China becoming Australia's biggest trading partner with its purchases of Australian food and natural resources. 'PROMISING SIGNS'But Albanese took steps to stabilise relations after he became prime minister in May last year and met Xi on the sidelines of a G20 summit in Indonesia in November.
Persons: Anthony Albanese, Joko Widodo, BAGUS, Albanese, Xi Jinping, Australia's, Gough Whitlam, " Albanese, Xi, We've, Ryan Woo, Robert Birsel Organizations: Australia's, 43rd Association of Southeast Asian Nations, ASEAN, Rights, Australian, Beijing's, Twitter, Huawei Technologies, South China, Thomson Locations: Jakarta, Indonesia, Rights BEIJING, China, Beijing, Australia, Australian, Wuhan, Pacific, United States, Britain, South, Japan, South Korea
US stocks were volatile on Monday as investors mulled higher interest rates and a looming government shutdown. AdvertisementAdvertisementUS stocks ended the trading session slightly higher on Monday as investors eyed risks stemming from higher-for-longer interest rates and the growing odds of a government shutdown. Trading was volatile throughout the day, with stocks retracing their steepest losses to end the day narrowly in the green. Markets have been jittery over the prospects of higher-for-longer interest rates from the Fed, which have sent bond yields surging in September. AdvertisementAdvertisementRecession risks are also front-of-mind as higher interest rates signal tight financial conditions.
Persons: Organizations: Service, Treasury, New York Fed, Nasdaq Locations: Here's
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. But, while euro area-wide inflation unexpectedly held at 5.3% this month, underlying price growth fell, complicating matters for the ECB, who now appear more likely to keep interest rates unchanged next month than raise them. ECB rate-setter Schnabel - considered one of the most hawkish members on the ECB - said euro zone growth was weaker than predicted but that does not necessarily void the need for more rate hikes. "I think the fact she is flagging downside risks to growth is putting some downside pressure on the euro." Both sterling and the euro are set for monthly drops of over 1% against the dollar in August.
Persons: Dado Ruvic, policymaker Isabel Schnabel, Schnabel, We've, Michael Brown, Chris Turner, Samuel Indyk, Tom Westbrook, Shri Navaratnam, Kim Coghill, Chizu Organizations: REUTERS, European Central Bank, ECB, Trader, Traders, Federal, Commerce Department, UK, CEE, New Zealand, Aussie, Thomson Locations: Tokyo
[1/7] Pope Francis attends the "Stations of the Cross" procession with young people at Parque Eduardo VII during his apostolic journey to Portugal on the occasion of the XXXVII World Youth Day, in Lisbon Portugal, August 4, 2023. Vatican Media/­Handout via REUTERSLISBON, Aug 4 (Reuters) - Hundreds of thousands of young people reflected on their anxieties, enslavement to the "tyranny" of social media and yearning to save the planet at a huge outdoor rally with Pope Francis on Friday. SCAFFOLD DANCINGPeople performed modern dance routines that included dangling from scaffolding above the pope as they moved a large cross around a structure that resembled a construction site. When the meditation about climate change was read, they donned gas masks as white smoke simulating air pollution engulfed the scaffolding. Francis started Friday by hearing the confessions of three young Catholics, from Spain, Italy and Guatemala, in one of the parks hosting the festival.
Persons: Pope Francis, Parque Eduardo VII, Edward VII, Jesus, Francis said, Francis, Philip Pullella, Louise Heavens, Leslie Adler Organizations: Parque, Vatican, Handout, REUTERS, Catholic, Thomson Locations: Portugal, Lisbon Portugal, REUTERS LISBON, Via, Catholic Woodstock, Lisbon, Spain, Italy, Guatemala
US stocks closed lower on Thursday as investors awaited for Apple and Amazon earnings to roll out. The 10-year Treasury surged 11 basis points, continuing its rise following Fitch's US credit downgrade. Commentators say that US dollar and Treasury assets are still a safe haven for investors. Apple and Amazon stock traded mostly flat as investors waited for the mega-cap firms to release their financials. Both are due to report quarterly earnings after the closing bell.
Persons: . Fitch, Fitch, Goldman Sachs, Jamie Dimon, Warren Buffett Organizations: Apple, Treasury, Service, ., AAA, US, JPMorgan Locations: Wall, Silicon
US Treasury yields edge lower after Fitch downgrade
  + stars: | 2023-08-02 | by ( Kevin Buckland | ) www.reuters.com   time to read: +1 min
REUTERS/Dado Ruvic/IllustrationTOKYO, Aug 2 (Reuters) - U.S. Treasury yields edged down in Tokyo on Wednesday after ratings agency Fitch lowered the country's top credit rating. The 10-year Treasury note declined about 3.2 basis points (bps) to 4.015% as of 0017 GMT, retracing part of its 9 bps rise from Tuesday. Fitch overnight downgraded the U.S. government's rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. It had placed the rating on watch for a possible cut in May. "This will likely spark risk aversion flows as Asian markets re-open," Tony Sycamore, a markets analyst at IG, wrote in a note to clients.
Persons: Dado Ruvic, Fitch, Tony Sycamore, Joe Biden, Kevin Buckland, Jacqueline Wong Organizations: REUTERS, Treasury, AAA, IG, Swiss, Democratic, Republican, Standard, AA, Thomson Locations: Tokyo
Traders also awaited policy decisions from the European Central Bank (ECB) and Bank of Japan (BoJ) this week. FOCUS ON CENTRAL BANKSElsewhere, the ECB sets policy on Thursday. Again, a quarter point hike is widely expected, but building evidence of an economic slowdown has called into question the chances of another by year-end. The Australian dollar slid 0.4% to $0.6766 after slower-than-expected inflation data suggested the Reserve Bank of Australia (RBA) would forgo a rate hike on Aug. 1. Money markets are split between a 25 basis point (bp) or a 50 bp rate hike.
Persons: Jerome, Powell, Joseph Capurso, Capurso, Sean Callow, Sterling, Kevin Buckland, Joice Alves, Mark Potter Organizations: Federal, Traders, European Central Bank, Bank of Japan, U.S, Money, Commonwealth Bank of Australia, FOCUS, ECB, Australian, Reserve Bank of Australia, Westpac, U.S ., Bank of, Thomson Locations: LONDON, U.S, Beijing, China, Bank of England, Tokio, London
REUTERS/Murad Sezer/IllustrationLONDON, June 23 (Reuters) - Foreign investors hoping for a game-changing rate hike from Turkey's newly appointed central bank chief said Thursday's disappointing move to a key rate of just 15% could keep some money on the sidelines. "They lost one perfect chance to demonstrate that they mean business," said Viktor Szabo, emerging markets investment director with Abrdn. But analysts said that after Thursday's decision, Erkan and Simsek would need to work even harder to prove the country had indeed shifted course. Already in the week to June 16, foreign investor holdings of Turkish government bonds had fallen by $16.2 million. "I don't think investors will throw in the towel just yet because I think there is still expectation there is more to come in the coming months," said Kaan Nazli, portfolio manager at Neuberger Berman.
Persons: Murad Sezer, Thursday's, Hafize Gaye Erkan, Viktor Szabo, Abrdn, it's, It's, Tayyip Erdogan, Mehmet Simsek, Eric Fine, Marek Drimal, Simsek, Dan Wood, William Blair, Fitch, Erdogan, Erkan, Kaan, Neuberger Berman, Karin Strohecker, Marc Jones, Toby Chopra Organizations: REUTERS, Societe Generale, Thomson Locations: Istanbul, Turkey, VanEck
Does a recession in Europe hurt the US?
  + stars: | 2023-06-13 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
New York CNN —Slow consumer spending and sticky inflation have led to two consecutive quarters of economic contraction in the European Union. That means that the eurozone fell into a recession over the winter months, and growth this year is likely to be weak. If Europe sneezes, the economists ask, is it possible that the United States catches a cold? Akinci and Pesenti recently examined whether economic crises in Europe have affected the United States over the past thirty years. Strong employment and higher wages can mean higher inflation as companies pass on increased labor costs by raising the price of goods.
Persons: they’re, Ozge Akinci, Paolo Pesenti, , we’ll, We’ll, Janet Yellen, Emmanuel Macron, , Goldman Sachs, David Solomon, , Solomon, ” Solomon, haven’t, It’s, Alicia Wallace Organizations: CNN Business, Bell, New York CNN, European Union, Federal Reserve Bank of New, Organisation for Economic Co, US Federal Reserve, French, CNBC, Federal, CPI, Federal Reserve Locations: New York, United States, Europe, Federal Reserve Bank of New York, Greece, France
Turkey's lira sinks to two-month low in post-election trade
  + stars: | 2023-05-14 | by ( ) www.reuters.com   time to read: +2 min
LONDON, May 14 (Reuters) - Turkey's lira slipped to a fresh two-month low as financial markets kicked off trading in the wake of the country's Sunday presidential and parliamentary election with the race for presidency appearing headed for a runoff. The currency weakened to 19.70 to the dollar before retracing some of its losses to 19.66, on track for its worst session since early November. "It is hard to foresee a market-positive scenario emerging from today’s double vote in Turkey," Wolfgango Piccoli at Teneo wrote in a note to clients. Analysts expect the lira to face sharp adjustments in the wake of the elections following years of economic imbalances and unorthodox monetary policy. The lira, which is prone to sharp swings before regular trading hours, has weakened 5% since the start of the year.
The 10-year Treasury fell 1 basis point to 3.4351%. One basis point equals 0.01%. U.S. Treasury yields slipped on Monday, retracing some gains made after the release of better-than-expected nonfarm payrolls data. The U.S. added 253,000 nonfarm payrolls in April, surpassing the 180,000 expected by Wall Street. Investor attention this week turns to April's consumer price index due out Wednesday, followed by the producer price index on Thursday.
Stocks ease; Aussie dollar soars after surprise hike
  + stars: | 2023-05-02 | by ( Amanda Cooper | ) www.reuters.com   time to read: +4 min
"No one is going to want to do too much before we get to that FOMC decision. "One of the things that sticks out to me is that they're still saying they might need to increase interest rates," said Commonwealth Bank of Australia strategist Joe Capurso. "So as well as the increase today, that's supporting the Aussie dollar," he said. The U.S. dollar was steady against a basket of major currencies , while the euro eased 0.1% to $1.097. But markets are still anxious about what may be the next crisis, even if the initial response has been positive.
Hours after clinching the Mexico Open title with a three-shot win over world No. On Sunday, his sixth PGA Tour victory fell on El Día Del Niño – Children’s Day in Mexico – and Finau had a message for youngsters. If you do that, then you can do some great things.”Finau and his family celebrate his Mexico Open win. Having finished joint runner-up to Rahm at last year’s Mexico Open, Finau derailed the Spaniard’s title defense to clinch his fourth win in his last 18 starts and jump five places to world No. Finau denied Rahm back-to-back Mexico Open titles.
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