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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. All eyes will be squarely on the July U.S. nonfarm payrolls report, due at 8:30 a.m. ET, with a Reuters poll of economists estimating payrolls increased by 200,000 jobs last month, after having risen 209,000 in June, showing labor market conditions remain tight. "Today's NFP data would be important for setting the market tone for the coming weeks," Jefferies strategist Mohit Kumar said. ET, Dow e-minis were up 10 points, or 0.03%, S&P 500 e-minis were up 8.5 points, or 0.19%, and Nasdaq 100 e-minis were up 44.25 points, or 0.29%.

Persons: Brendan McDermid, Amazon's, nonfarm, Jefferies, Mohit Kumar, Stocks, DraftKings, Shubham Batra, Bansari, Savio D'Souza, Shounak Organizations: New York Stock Exchange, REUTERS, Apple Futures, Dow, Nasdaq, Amazon.com, Microsoft, Labor Department, Fitch, AAA, Dow e, Horizon Therapeutics, Sports, Thomson Locations: New York City, U.S, States, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Earnings are also in focus, with Apple (AAPL.O) and Amazon.com (AMZN.O) due to report quarterly results after market close. Declining issues outnumbered advancers for a 2.08-to-1 ratio on the NYSE and a 1.28-to-1 ratio on the Nasdaq. The S&P index recorded nine new 52-week highs and four new lows, while the Nasdaq recorded 37 new highs and 63 new lows. Reporting by Shubham Batra and Bansari Mayur Kamdar in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Quincy Krosby, Thomas Barkin, advancers, Shubham Batra, Bansari, Anil D'Silva Organizations: New York Stock Exchange, REUTERS, Moderna, PayPal, Qualcomm, Dow, Nasdaq, LPL, Richmond Federal, Dow Jones, Apple, PayPal Holdings, Spirit Airlines, NYSE, Thomson Locations: New York City, U.S, Richmond, Bengaluru

☆ Power struggle: Extreme heat puts strain on electric grid operators
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPower struggle: Extreme heat puts strain on electric grid operatorsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Mark Nelson, managing director of Radiant Energy Fund, discusses America's power grid being tested by record temperatures.

Persons: Brian Sullivan, “, Mark Nelson Organizations: CNBC, Radiant Energy

REUTERS/Anushree Fadnavis/File PhotoBENGALURU, July 20 (Reuters) - Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected 261.85 rupees ($3.19) in its demerger from Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS). At a $20 billion valuation, Jio Financial would be one of the top 40 Indian companies by market capitalisation, in a list headed by Reliance at $233 billion. The price was determined as 261.85 rupees, or the difference between 2,841.85 rupees, Reliance's closing price on Wednesday, and 2,580 rupees, its price at the end of the special session. JFS's stock price is higher than analysts' estimate of 160 rupees to 190 rupees. Reliance Strategic Investments, the unit to be renamed JFS, late on Wednesday reported a net profit after tax of 1.45 billion rupees ($17.7 million) for April-June based on revenue of 2.15 billion rupees.

Persons: Anushree, Mukesh, Chokkalingam, JFS, Ira Dugal, Savio Shetty, Savio D'Souza, Jamie Freed Organizations: Mobile, REUTERS, Jio Financial, Reliance Industries, Reliance, Macquarie Research, AAA, Reliance Strategic Investments, Thomson Locations: Pragati, New Delhi, India, BENGALURU

☆ A Simple Fan Can Fix the Hottest Day
▼ + stars: | 2023-07-17 | by ( Mark Naida | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/a-simple-fan-can-fix-the-hottest-day-pool-fan-ac-austin-texas-tech-fb1e3af3

Persons: Dow Jones Locations: austin, texas

☆ Analysis: China's slow AI roll-out points to its tech sector's new regulatory reality
▼ + stars: | 2023-07-12 | by ( Josh Ye | ) www.reuters.com time to read: +6 min

[1/3] An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. New rules Chinese firms have to comply with range from algorithm vetting to accepting security reviews of data they want to export. They definitely stifle the innovation and slow down the ability of Chinese firms to catch up." A key motivation behind China's reluctance to release AI chatbots is that Beijing fears uncensored chatbots may start influencing societal views in potentially subversive directions, said Mark Natkin, managing director of research firm Marbridge Consulting. "While the U.S. is racing ahead with AI, China is hitting the brakes with more rules."

Persons: Aly, HONG KONG, OpenAI's ChatGPT, Henry Gao, Ernie Bot, Robin Li, Shi, Mark Natkin, Heatherm Huang, Bard, Microsoft's Bing, Xi Jinping, Baidu, Josh Ye, Brenda Goh, Jamie Freed Organizations: Artificial Intelligence, REUTERS, China, Baidu, HK, Ant Group, Western, Singapore Management University, Microsoft, SenseChat, Nomura, Marbridge Consulting, Huawei Technologies, Thomson Locations: Shanghai, China, HONG, Beijing, Alibaba, Tencent, Hong Kong, U.S

☆ China's slow AI roll-out points to its tech sector's new regulatory reality
▼ + stars: | 2023-07-12 | by ( Josh Ye | ) www.reuters.com time to read: +6 min

☆ Elon Musk Hasn't Killed Twitter, He's Just Made It Irrelevant
▼ + stars: | 2023-07-12 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

It's been less than a year since he bought it, and Elon Musk's Twitter is already well on its way to suffering a fate worse than death — irrelevance. How you do a turnaroundIn the early days of Musk's Twitter takeover, I told you he was overpaying for the company. Unfortunately for Twitter, Musk is not a traditional turnaround guy. Maybe, to Musk, that's a crusade worth sacrificing the very thing that makes Twitter special. Maybe this is the site Musk wanted in the first place.

Persons: It's, Elon, irrelevance, Musk, Ron DeSantis, Rihanna, Mark Zuckerberg's Meta, Alexandria Ocasio, Cortez, Jennifer Lopez, Steph Curry, Donald Trump's, he's, tweeting, Vicki Bryan, Bond Angle, Goldman Sachs, Twitter hadn't, Linda Yaccarino, That's, Bryan, Morgan Stanley, what's, Jack Dorsey, —, Instagram, Lina Khan, hasn't, Meta, Zuckerberg, he'll, Linette Lopez Organizations: Elon Musk's Twitter, Gov, Twitter, Super, Metropolitan Transportation Authority, MTA, Oracle, Google, Fidelity, Wall Street, Pew Research, Pew, Federal Trade Commission, Meta Locations: Florida, Alexandria, New York

☆ These are the 8 warning signs investors should follow to know if a stock market correction is imminent
▼ + stars: | 2023-07-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Even as the stock market continues to surge more than 25% from its mid-October low, some investors are expecting a correction. These are eight warning signs investors should monitor for a potential stock market sell-off, according to Fundstrat. For those investors, Fundstrat technical analyst Mark Newton highlighted the top warning signs to monitor to gauge whether a stock market correction is imminent. These are the eight warning signs investors should monitor to gauge whether a stock market correction is imminent, according to Fundstrat. So far this year, the mega-cap tech stocks have driven a bulk of the gains in the stock market.

Persons: Mark Newton, —, Newton, REITS, Tom Demark Organizations: Service, Utilities, Staples Locations: Fundstrat

LONDON, June 15 (Reuters) - Hawkish central banks have sent a resounding "no" to markets betting recession would force rate cuts soon, leaving money managers scrambling for direction as the second half of the year approaches. "Markets have been wrong not only in their interpretation of the data but of the central bank reaction," he added. "Even though inflation is coming down, you are still getting that phase were the central banks think they need to talk hawkishly about this." Canada last week restarted rate hikes, Australia has come off a pause and Norway may have to accelerate hikes next week. BofA now expects two 25 bps interest rate hikes from the Fed this year, JPMorgan sees only one more and Morgan Stanley sees none.

Persons: Jason Simpson, Shorter, BofA, Morgan Stanley, Mark Nash, Nash, Kaspar Hense, Michael Michaelides, Shamik, BoE, they're, Dhar, Naomi Rovnick, Dhara Ranasinghe, Conor Humphries Organizations: U.S . Federal Reserve, European Central Bank, Bank of England, State, Bank of Japan, Treasury, JPMorgan, BlueBay Asset Management, BNY Mellon Investment Management, Thomson Locations: U.S, Canada, Australia, Norway, Shamik Dhar

☆ Salesforce insiders say that by wooing back former execs, Marc Benioff may finally feel comfortable enough to loosen his grip
▼ + stars: | 2023-06-12 | by ( Julie Bort | ) www.businessinsider.com time to read: +5 min

Salesforce CEO Marc Benioff has been wooing back former executives for years. Insiders say that those that know Benioff best may get him to loosen his grip. Salesforce founder and CEO Marc Benioff has spent years wooing former executives back to the company. Benioff has surrounded himself with people "that know how Salesforce works and know how Benioff works" one former exec explained. With all of that new blood from aquisitions washed away, Benioff seems to think Salesforce can move forward by going back.

Persons: Marc Benioff, Brian Millham, Millham, Salesforce, Benioff, he's, Miguel Milano, Ariel Kelman, Kendall Collins, Steve Fisher, Dave Moellenhoff, Jim Steele, Clara Shih, Marc, —, Larry Ellison, Benioff's, Keith Block, Bret Taylor, Slack, Stewart Butterfield, Mark Nelson, Julie Bort Organizations: Oracle, Twitter Locations: Salesforce

☆ Apple hits record high ahead of VR headset unveiling
▼ + stars: | 2023-06-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Tim Cook, chief executive officer of Apple Inc., at the opening of the new Apple BKC store in Mumbai, India, April 18, 2023. Apple shares hit a record high Monday as the company prepares to launch a number of new updates and products, including its widely anticipated mixed-reality headset, at its annual Worldwide Developers Conference. The new headset from Apple would mark new investment into a technology that has been fraught with disillusionment. When Facebook rebranded as Meta in October 2021, it drew attention to VR and the metaverse headsets. But since then, sales for existing VR headsets have underperformed, usage has been worse and the anticipated explosion in successful VR software companies isn't yet a reality.

Persons: Tim Cook, —, Kif Leswing Organizations: Apple Inc, Apple, Developers, Nasdaq, Facebook, Meta, VR Locations: Mumbai, India

HONG KONG/SINGAPORE, June 1 (Reuters) - Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing given market conditions, one of the people said. Singapore-based Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management, founded by former Hillhouse Capital partner David Ma who became Sea's chief investment officer. One of the people said the decision to wind down Sea Capital was prompted by "less deal activity" resulting in fewer investment opportunities. Sea Capital had made at least three investments, including in 2021 into collapsed cryptocurrency exchange FTX.

Persons: David Ma, Ma, FTX, Kane Wu, Fanny Potkin, Sumeet Chatterjee, Christopher Cushing Organizations: Capital, Hong Kong's, Capital Management, Hillhouse, Sea, U.S, Asia's, Thomson Locations: HONG KONG, SINGAPORE, Asia, Japan, Singapore, New York, Sea, India, Europe, Hong Kong

HONG KONG/SINGAPORE, June 1 (Reuters) - Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing given market conditions, one of the people said. Singapore-based Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management, founded by former Hillhouse Capital partner David Ma who became Sea Capital's chief investment officer. One of the people said the decision to wind down Sea Capital was prompted by "less deal activity" resulting in fewer investment opportunities. Sea Capital had made at least three investments, including in 2021 into collapsed cryptocurrency exchange FTX.

☆ Boeing and NASA Delay Launch of Starliner Astronaut Spacecraft Again
▼ + stars: | 2023-06-01 | by ( Michael Roston | ) www.nytimes.com time to read: +3 min

To get to and from the space station, NASA currently relies on SpaceX, the company founded by Elon Musk. But NASA has also hired Boeing to build a capsule, so that one can serve as a backup if something goes wrong with the other. Boeing’s Starliner capsule has flown to orbit twice already with no astronauts aboard. “This is just part of the business to have these kinds of issues.”What’s Next: Boeing and NASA will assess repairs. After re-entering Earth’s atmosphere, the Starliner capsule returns to Earth gently under three parachutes.

Persons: Elon Musk, Steve Stich, ”, Mark Nappi, Stich, Nappi, Mr Organizations: NASA, SpaceX, Elon, Boeing, Soyuz, Starliner, Engineers

☆ Boeing mission to send astronauts to space station delayed again
▼ + stars: | 2023-06-01 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

CNN —More lengthy delays could be in store for Boeing’s Starliner spacecraft, which is designed to ferry astronauts to and from the International Space Station and compete with SpaceX’s Crew Dragon. Boeing had been working toward a late July launch of the first crewed Starliner test flight. NASA astronauts Barry “Butch” Wilmore and Sunita Williams have been assigned to be the first astronauts to fly aboard Starliner. Boeing officials said the crew has been informed of the additional delays. The space agency awarded Boeing a $4.2 billion contract in 2014 for Starliner’s development — nearly twice as much as the $2.6 billion that was given to SpaceX.

Persons: CNN —, ”, Mark Nappi, Dave Calhoun, Nappi, ” Steve Stich, Starliner, NASA’s, SpaceX’s, Dragon, there’s, Barry, Butch ” Wilmore, Sunita Williams, — Organizations: CNN, International Space Station, Boeing, NASA, SpaceX, Starliner

☆ Boeing indefinitely delays Starliner astronaut mission for NASA after discovering more issues
▼ + stars: | 2023-06-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Boeing employees work on the company's Starliner capsule in preparation for the first crew flight test, Jan. 19, 2023. Boeing is further delaying the first crewed launch of its Starliner spacecraft after discovering additional issues with the capsule, the company announced alongside NASA on Thursday. The Starliner crew flight test was most recently scheduled for July 21 and was due to carry a pair of NASA astronauts to the International Space Station. Boeing was once seen as evenly matched with SpaceX in the race to launch NASA astronauts but fell behind due to development setbacks. Nappi on Thursday emphasized Boeing is "still committed" to finishing work on the capsule and flying for NASA.

Persons: We've, Mark Nappi, Nappi, Dave Calhoun Organizations: Boeing, NASA, International Space Station, Elon, SpaceX

☆ Investors are losing hope for a Fed pause and bracing for another interest-rate hike instead. Here's what 8 experts have predicted.
▼ + stars: | 2023-05-31 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

Investors are losing hope that the Federal Reserve will pause its interest-rate hikes in June. For example, several market experts have warned the commercial real estate industry is at risk if the Fed keeps raising borrowing costs. "But I do think it's possible they're going to raise a little more. Ed Yardeni, market veteran"The market has been remarkably resilient, mostly because the economy has been remarkably resilient," Yardeni said in a CNBC interview. "So I think they're where they want to be – and I think they're going to keep it here."

Persons: They're, —, Mohamed El, David Solomon, Goldman Sachs, Solomon, It's, Jamie Dimon, Dimon, Ed Yardeni, Yardeni, Doom, Roubini, Mark Zandi, Zandi, Mark Nash, Nash Organizations: Federal, Service, Bank, Signature Bank, First Republic, Fed, Erian, Allianz, CNBC's, JPMorgan, CNBC, Bloomberg, NYU Stern, Jupiter Asset Management

☆ Tom Lee highlights the top picks in his market-beating portfolio
▼ + stars: | 2023-05-24 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Fundstrat Global Advisors founder Tom Lee highlighted five must-own stocks from his Granny Shots portfolio, which has beaten the market for roughly five years running. The Granny Shots portfolio is a distillation of more than 30 of Fundstrat's best stock ideas. This year, Granny Shots is 8.3% higher, better than the S & P 500's 7.4% gain. On Tuesday, however, Lee introduced Super Grannies for investors who are wondering which stocks to buy first in his Granny Shots portfolio. "At present, it looks likely that FTNT might show some slowdown or stall briefly in June if/when this reached former peaks," Newton wrote.

Persons: Tom Lee, Granny, that's, Lee, Fortinet, Fundstrat's Mark Newton, Newton, it's Organizations: Fundstrat Global, Granny, Beverage, Semiconductor

☆ Why ChatGPT could spark a new bull market
▼ + stars: | 2023-05-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here, still poking around OpenAI's new ChatGPT iPhone app. The rise of ChatGPT and subsequent AI boom could solidify the recent strength in stocks as a new bull market, according to market veteran Ed Yardeni. In a recent note, the strategist said equities' strong start to the year isn't just a bear market rally, but that it indeed marks a new bull regime. If the Fed mistakenly pauses and then resumes hiking as inflation persists, the music could stop for high flying AI stocks. Mega-cap tech stocks are "overbought" and their rally could stall out soon.

☆ Mega-cap tech stocks are 'overbought' and their rally may be getting closer to stalling out, Fundstrat's Mark Newton says
▼ + stars: | 2023-05-19 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

Mega-cap tech stocks are overbought and their rally may be closer to stalling, Fundstrat's Mark Newton said. Investors are optimistic about the group 'for a lot of the right reasons' like AI, he added. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Still, investors have been optimistic about high-growth tech group stocks 'for a lot of the right reasons' like the advancements in artificial intelligence, and they're thought of as safer stocks that can weather risks better, according to him. Nvidia, Microsoft, Alphabet, all these names have really shown tremendous strength and it really helped this market along when other sectors haven't worked so well," he said.

"A longer timeframe shows that foreign investors have been net sellers of Japanese equities by a considerable margin. We think long-term investors remain lightly positioned," they wrote last week in a note "Upside risks in Japanese equities". Non-residents sold nearly $4 billion of Chinese stocks in April, according to the Institute of International Finance, the first outflow in six months. Bank of America's monthly fund manager surveys show that "long" Chinese equities was the most crowded global trade in January. That has been scaled back significantly and investors have reduced their net overweight position in Chinese stocks, but they are still comfortably net overweight.

☆ The stock market could become 'untouchable' if the regional banking crisis continues to spiral, Fundstrat says
▼ + stars: | 2023-05-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market could become "untouchable" if the regional banking crisis continues to spiral out of control. "This raises too many tail risk issues including credit tightening, commercial real estate, and wide economic implications," Lee said. Lee's cause for concern about the banking crisis and the chilling effect it could have on the stock market is based on the type of risks that could percolate if the instability continues. "This raises too many tail risk issues including credit tightening, commercial real estate and wide economic implications," Lee explained. The SPDR S&P Regional Banking ETF surged more than 6% on Friday, suggesting that the regional banking crisis could ultimately be contained without spilling over into a bigger problem for the stock market.

☆ Fundstrat's Mark Newton expects the VIX to bottom out by Fed's meeting this week
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Mark Newton expects the VIX to bottom out by Fed's meeting this weekMark Newton, Fundstrat global head of technical strategy, joins 'Closing Bell' to offer his technical take on the markets.

☆ Watch CNBC’s full interview with Fundstrat's Mark Newton on Fed's next move
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Fundstrat's Mark Newton on Fed's next moveMark Newton, Fundstrat global head of technical strategy, joins 'Closing Bell' to offer his technical take on the markets.

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