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A reading from the Commerce Department showed retail sales fell 1.1% in December, compared with expectations of a 0.8% drop. Another report showed U.S. producer prices rose less than expected year-on-year in December, adding to evidence of a moderation in inflation. Earnings from big U.S. banks were a mixed bag, with many stockpiling rainy-day funds preparing for a looming recession. Shares of other major carriers including American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and Southwest Airlines Co (LUV.N) rose between 1.6% and 2.2%. IBM Corp (IBM.N) slipped 1.5% after Morgan Stanley downgraded the company's shares to "equal weight" from "overweight", citing slowing revenue growth.

A reading from the Commerce Department showed retail sales fell 1.1% in December against expectations of a 0.8% drop, while a separate report showed producer prices declined more than expected in December. Traders' bets of a 25-basis point rate hike rose after the data, while U.S. 10-year Treasury yields fell to a four-month low. Analysts now expect year-over-year earnings from S&P 500 companies to decline 2.6% for the quarter, according to Refinitiv data, compared with a 1.6% decline in the beginning of 2023. Among major S&P 500 sectors, consumer discretionary stocks (.SPLRCD) were up 1%, leading gains. U.S. stock markets have started 2023 on a strong footing on hopes that a moderation in inflationary pressures could give the Fed cover to dial down the size of its interest rate hikes.

☆ CIOs Nominate Their Favorite Reads of 2022
▼ + stars: | 2022-12-28 | by ( Tom Loftus | ) www.wsj.com time to read: +9 min

Chief information officers, ever alert to any development in a field that only hurtles forward, largely reflected that alacrity in their choice of reading during 2022. PREVIEWChris Bedi, chief digital information officer, ServiceNow Inc. Photo: IBM Corp.Ron Guerrier, chief information officer, HP Inc. Photo: Cisco Systems Inc.Fletcher Previn, chief information officer, Cisco Systems Inc. Photo: Home Depot Inc.Fahim Siddiqui, chief information officer, Home Depot Inc.

☆ Democratic Rep. Lloyd Doggett of Texas is the latest member of Congress to violate a federal conflict-of-interest law
▼ + stars: | 2022-11-03 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +5 min

Rep. Lloyd Doggett, a Democrat from Texas, was days late disclosing four stock purchases. Congress is actively debating whether to ban lawmakers from trading individual stocks. I continue to hold the same seven individual stocks acquired long ago," Doggett said. A certified congressional disclosure from Rep. Lloyd Doggett, a Democrat from Texas, indicating he was days late reporting he purchased stock shares in four companies. "I am supportive of a ban on active trading of individual stocks," he said.

☆ Wall St rises as upbeat corporate forecasts trump UK political shock
▼ + stars: | 2022-10-20 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +4 min

The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. Fellow blue-chip stock Verizon Communications Inc (VZ.N) rose 2.3% after peer AT&T Inc (T.N) jumped 9.9% upon raising its annual profit forecast. However, the estimate is still sharply lower than an 11.1% increase that was forecast at the start of July. Advancing issues outnumbered decliners by a 2.38-to-1 ratio on the NYSE and by a 2.09-to-1 ratio on the Nasdaq. The S&P index recorded two new 52-week highs and 10 new lows, while the Nasdaq recorded 17 new highs and 104 new lows.

☆ S&P 500 to open lower as UK's Truss resigns as PM
▼ + stars: | 2022-10-20 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. Truss's economic program had sent shockwaves through global financial markets and divided her Conservative Party just six weeks after she was appointed. Fellow blue-chip stock Verizon Communications Inc (VZ.N) shares added 0.9% after peer wireless carrier AT&T added 3.7% upon raising its annual profit forecast. However, the estimate is still sharply lower than an 11.1% increase that was forecast at the start of July. ET, Dow e-minis were up 19 points, or 0.06%, S&P 500 e-minis were down 5.75 points, or 0.16%, and Nasdaq 100 e-minis were down 39.25 points, or 0.35%.

☆ Nasdaq futures fall as Tesla warns on 2022 deliveries
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures down: Dow 0.13%, S&P 0.49%, Nasdaq 0.82%Oct 20 (Reuters) - U.S. stock index futures slipped on Thursday, with those of the Nasdaq taking the biggest hit, after Tesla failed to meet estimates for quarterly revenue and warned of missing its vehicle delivery target. Shares of the electric-vehicle maker (TSLA.O) dropped 6.1% in premarket trading as the company flagged persistent logistics challenges, with fourth-quarter deliveries growing by less than the aimed 50%. ET, Dow e-minis were down 39 points, or 0.13%, S&P 500 e-minis were down 18.25 points, or 0.49%, and Nasdaq 100 e-minis were down 91.75 points, or 0.82%. IBM Corp (IBM.N) said it was expecting to exceed full-year revenue growth target on strong demand for its digital services. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ankika Biswas; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ IBM expects to exceed annual revenue target on resilient cloud momentum
▼ + stars: | 2022-10-19 | by ( Chavi Mehta | ) www.reuters.com time to read: +2 min

Oct 19 (Reuters) - IBM Corp (IBM.N) beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue growth targets as robust demand for the company's digital services helps cushion the blow from a strong dollar. IBM, whose cloud revenue rose 11% to $5.2 billion in the quarter, now expects the company's annual sales to increase more than its previous estimate of mid-single-digit growth at constant currency. IBM, which gets more than half its revenue from outside the United States, increased its full-year estimate for foreign exchange impact to 7% from 6%. Revenue came in at $14.12 billion, compared with $13.51 billion expected by analysts, according to Refinitiv data. On an adjusted basis, IBM earned $1.81 per share, beating estimates of $1.77.

☆ Rep. Marie Newman and her husband are packing their stock portfolio with COVID-19 vaccine makers and other pandemic-sensitive companies
▼ + stars: | 2021-04-21 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +11 min

Democratic Rep. Marie Newman's husband has an active stock portfolio. Jim Newman, chief operating officer at Figo Pet Insurance, bought and sold stock in companies that either soared or sputtered during the pandemic, including Pfizer and Moderna, the companies behind the nation's two leading COVID-19 vaccines. Financial disclosures show Jim Newman sold up to $65,000 in Moderna stock on January 2. By February, he turned his interest to Pfizer, twice trading as much as $15,000 worth in the company's stock shares that month. For instance, Newman sold as much as $250,000 in Netflix stock in January, as much as $50,000 in Apple stock in February, and as much as $50,000 in Salesforce stock in January.

☆ Europa s-ar putea confrunta cu temperaturi mai ridicate decât cele normale în aprilie - iunie
▼ + stars: | 2021-03-23 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Zone extinse ale Europei s-ar putea confrunta cu temperaturi mai ridicate decât cele normale începând din aprilie până în iunie, a anunţat luni The Weather Company, relatează Reuters, citat de agerpres.ro. The Weather Company, deţinută de IBM Corp, oferă prognoze meteorologice destinate pieţelor de mărfuri şi energie. Potrivit previziunilor, luna aprilie ar putea fi mai călduroasă decât în mod obişnuit în nord-vestul Europei şi mai rece în sudul continentului. Umiditatea din sol pare însă abundentă în această primavară şi, deşi este încă devreme, acest lucru ar putea limita prezenţa unei vremi caniculare în această vară. The Weather Company a anunţat că va oferi o altă actualizare a prognozelor, valabile pentru lunile de vară, la data de 15 aprilie.

Organizations: Weather, The Weather, IBM, Company Locations: Europei, Europa de Vest

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