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Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. ET, for a snapshot of the U.S. economy, ahead of the keenly awaited inflation data scheduled for next week and the Fed's policy decision on Sept. 20. Investors will also parse comments from Boston Fed President Susan Collins and Dallas Fed President Lorie Logan later in the day. ET, Dow e-minis were down 76 points, or 0.22%, S&P 500 e-minis were down 11.5 points, or 0.26%, and Nasdaq 100 e-minis were down 50 points, or 0.32%. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Russ Mould, AJ Bell, Susan Collins, Lorie Logan, General Mills, Shristi Achar, Vinay Dwivedi Organizations: Wall, New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal, Federal Reserve, Investors, Global, ISM, Traders, Boston Fed, Dallas Fed, Dow e, Apple, Alaska Air Group, Southwest Airlines, United Airlines, Thomson Locations: Manhattan, New York City , New York, U.S, Russia, Saudi Arabia, China, Bengaluru

☆ Broadcom falls as forecast pales before Nvidia's blowout results
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 1 (Reuters) - Broadcom shares (AVGO.O) fell 4.2% in premarket trading on Friday as the semiconductor maker's quarterly revenue forecast fell short of investors' lofty expectations following bigger rival Nvidia's (NVDA.O) AI-powered blockbuster results. "Off the back of Nvidia's blowout earnings update, anything less than stellar is being seen as disappointing," said Danni Hewson, head of financial analysis at AJ Bell. The company, which supplies chips that help glue together AI supercomputers and traditional servers, expects networking revenue to jump 20% in the fourth quarter. Broadcom's forward price-to-earnings ratio for the next 12 months stood at about 20, compared with Nvidia's 35, according to Refinitiv data.

Persons: Dado Ruvic, Danni Hewson, AJ Bell, Hargreaves, Sophie Lund, Yates, Chavi Mehta, Devika Organizations: Broadcom, REUTERS, trailblazer Nvidia, Thomson Locations: Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. Shares of Salesforce (CRM.N), which also forecast upbeat quarterly sales, rose 5.6% before the bell as the cloud-based software provider benefits from price hikes and a resilient demand. Investors now await the price consumption expenditure (PCE) index for July, the Fed's preferred inflation measure, due at 8:30 a.m. The core PCE price index is expected to have climbed 4.2% in the 12 months through July, according to economists polled by Reuters. Among other stocks, Dollar General (DG.N) slumped 14.2% after the discount retailer cut its annual same-store sales forecast.

Persons: Brendan McDermid, Dow Jones, Salesforce, Russ Mould, AJ Bell, Raphael Bostic's, Alibaba, Shristi Achar, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Investors, Reuters, Graphics Traders, Atlanta Fed, PDD Holdings, Baidu, Dow e, Thomson Locations: New York City, U.S, Bengaluru

☆ Medicare wants to cut the price on an Eli Lilly drug. What it means for LLY shares
▼ + stars: | 2023-08-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Eli Lilly's revenue from Jardiance — which it markets alongside privately held German biotech firm Boehringer Ingelheim — is likely to suffer due to Medicare negotiations. Compared to those growth drivers, Jardiance is a minor character in the Eli Lilly investment story. However, the deceleration is not entirely due to likely lower realized prices from Medicare negotiations. Eli Lilly looks "relatively protected" from early Medicare negotiations, BMO's Seigmerman said. Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023.

Persons: Eli Lilly, Biden, Myers Squibb, Johnson, Eli Lilly's, —, Evan Seigerman, Seigerman, BMO's Seigmerman, Lilly, Jim Cramer's, Jim Cramer, Jim, AJ Mast Organizations: pharma, Myers, Club, Johnson, Medicare, donanemab, Bank of America, FactSet, Mounjaro, Merck, Constitution, Wall Street, Bristol Myers Squibb, BMO Capital, CNBC, Services, drugmakers, and Drug Administration, FDA, Trulicity, Bloomberg, Getty Locations: Bristol, U.S, Indianapolis , Indiana

The gunman, identified as 21-year-old Ryan Christopher Palmeter, left behind racist writings and used racial slurs, Jacksonville Sheriff T.K. As a hurting community gathered Sunday to honor the victims, Jacksonville Mayor Donna Deegan called to an end to division. As investigators probe the Jacksonville gunman’s motives and history, Waters cautioned against trying to find reason in the attack. How the shooting unfoldedPeople walk past the Dollar General store Sunday in Jacksonville, Florida. John Raoux/APJacksonville is processing the loss, said Florida State Sen. Tracie Davis, who represents the area of Jacksonville where the shooting happened.

Persons: Angela Michelle Carr, Anolt Joseph “ AJ ” Laguerre, Jerrald Gallion, Ryan Christopher Palmeter, Waters, General Merrick Garland, Jacksonville Mayor Donna Deegan, “, Zachary Faison Jr, Faison, ” Faison, ” “, happenstance, Sean Rayford, Carr, Laguerre, Gallion, texted, ” Waters, Baker, ”, Sabrina Rozier, ” Gallion, John Raoux, Tracie Davis, “ I’m, ” Davis, ” Biden, Kamala Harris, ” Harris Organizations: CNN, Jacksonville Sheriff T.K, Justice, Jacksonville Mayor, Jacksonville, Edward Waters University, Jacksonville Sheriff's, Dr, CNN Sunday, Dollar, “, University, Kia, Authorities, Sunday, Residents, Florida State Sen Locations: Jacksonville , Florida, Jacksonville, Florida, Buffalo , New York, Charleston , South Carolina, Massachusetts, Oklahoma, Orange Park, Clay County, Duval County, New Town, Clay, Washington, America

☆ Colleen Hoover is the hottest author in America. She also may be the most controversial
▼ + stars: | 2023-08-27 | by ( Aj Willingham | ) edition.cnn.com time to read: +13 min

“Colleen Hoover books always leave me speechless and in tears,” one TikTok reader said. However, Hoover’s work, she says, blurs that line with the addition of painful – and decidedly non-aspirational – narrative arcs. She pointed out what she saw as a pattern in Hoover’s books of women who endure disturbing behavior from their partners. Probably not.”Blake Lively and Justin Baldoni are set to star in the movie adaptation of Colleen Hoover's book "It Ends With Us." Hoover’s books are cloaked in bright, fashionable colors, and her author website offers boutique-style merchandise with flowers and calligraphy and inside jokes from her books.

Persons: doesn’t, Colleen Hoover, Hoover, ”, Blake Lively, Stephen King, It’s, “ Colleen Hoover, Lily Bloom, Atlas Corrigan, Ryle Kincaid, Lily, Ryle, –, influencer Whitney Atkinson, Atkinson, Colleen Hoover's, AJ Willingham, CNN Atkinson, ” Atkinson, “, ” Hoover, “ I’ve, Jenna Bush Hager, ” Amanda Diehl, Smart, “ I’m, Jennifer Prokop, ” Blake Lively, Justin Baldoni, Critics, ” Prokop, — that’s, problematically, Chick, ” Diehl, Diehl, that’s, it’s Organizations: CNN, New York Times, Trade, YouTube, ” CNN, “ Trade Locations: Texas

CNN —The White gunman who killed three Black people in a racist attack at a Dollar General store in Jacksonville, Florida, on Saturday legally purchased two firearms earlier this year, Jacksonville Sheriff T.K. The gunman, identified as 21-year-old Ryan Christopher Palmeter, bought a handgun in April and an AR-15-style rifle in June, the sheriff said. Jacksonville Sheriff's OfficeThe gunman used racial slurs, left behind a racist screed and drew swastikas on his firearm, authorities said. The encounter was reported to the Jacksonville Sheriff’s Office by EWU security,” the school said. Jacksonville Sheriff's OfficePhotos of the weapons the gunman had were shown by authorities, including one firearm with swastikas drawn on it.

Persons: Waters, Ryan Christopher Palmeter, ”, Palmeter, Angela Michelle Carr, Anolt Joseph “ AJ ” Laguerre, Jerrald Gallion, Sheriff Waters, Kia, Carr, Laguerre, Gallion, texted, Black, ” Waters, “, They’re, Baker, Jacksonville Mayor Donna Deegan, Ron DeSantis, ” DeSantis, Joe Biden, ” Biden Organizations: CNN, Jacksonville Sheriff T.K, Dollar, Justice, Jacksonville Sheriff's, Edward Waters University, Jacksonville, Madden, University police, University, WJXT, Authorities, Kia, Jacksonville Mayor, Florida Gov, NAACP Locations: Jacksonville , Florida, Orange, Jacksonville, Washington, Massachusetts, Oklahoma, Clay County, Duval County, Florida, America

WASHINGTON, Aug 27 (Reuters) - The white gunman who shot and killed three Black people at a Dollar General store in Jacksonville, Florida, was a 21-year-old who bought his guns legally and had no criminal history, local law enforcement said on Sunday. The shooter, Ryan Christopher Palmeter, lived with his parents in a suburb of Jacksonville, Sheriff T.K. Acquire Licensing RightsPalmeter also left a will and a suicide note that were retrieved by his father, the Jacksonville sheriff said. Waters said the suspect was caught on video shooting Angela Michelle Carr, a Black 52-year-old woman, in her car outside the Dollar General, a U.S. discount chain. Authorities said he was spotted trying to enter a local historically Black college, Edward Waters University, on Saturday before heading to the Dollar General store.

Persons: Ryan Christopher Palmeter, Sheriff T.K, Waters, Palmeter, Joe Biden, Merrick Garland, Angela Michelle Carr, Joseph, AJ, Laguerre, De’Shaun, Walters, Maria Caspani, Sarah N, Lynch, Lisa Shumaker Organizations: Sheriff, Authorities, Reuters, Jacksonville Sheriff’s, REUTERS, Acquire, Washington, Dollar, Edward Waters University, Thomson Locations: Jacksonville , Florida, Jacksonville, U.S, EWU, New York, Washington

Eight candidates will appear onstage for the first Republican debate on Wednesday. Many far more politically experienced contenders have met their end under the bright lights of the debate stage. How Republican voters respond will offer some early clues into the ideological future of the party, particularly in a post-Trump era. He participated in eight face-offs during the 2016 campaign and helped coach Mr. Trump for his presidential debates in 2020. The debate offers Mr. Christie an opportunity to take aim at those aligned with Trumpism, even if they are opposed to Mr. Trump.

Persons: Donald J, Trump, Mitt Romney, gantlet, ”, Newt Gingrich, “ Donald Trump, —, Tucker Carlson, Ron DeSantis, Jordan Gale, Donald Trump, ” Mr, DeSantis, Trump’s, parry, Vivek Ramaswamy, Chris Christie, Pence, Mike Pence’s, AJ Mast, Mike Pence, Ramaswamy, Vivek Ramaswamy’s, MAGA, Victoria Coates, Roe, Wade, Tim Scott of, Christie, Scott, Nikki Haley, Will Christie, David Degner, Coke, New Coke, “ Ron DeSantis, Tim Scott, Haley, Doug Burgum, Maddie McGarvey, Burgum, Asa Hutchinson, “ We’re Organizations: Republican, Trump, Fox News, Fair, The New York Times, Wednesday, Fox News Radio, PAC, Ukraine, Harvard, Russia, Democratic, Republicans, United Nations, Mr, Credit, The New York, Gov Locations: Atlanta, Florida, Ukraine, Tim Scott of South Carolina, New Jersey, New Hampshire, South Carolina, U.N, Iowa, North Dakota, Arkansas

☆ Nvidia shares up on hopes of strong results powering another AI rally
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Shares of the most valuable chip company had briefly scaled a record high in the previous session, but ended 2.8% lower as overall markets slipped. Investors expect upbeat results from Nvidia, whose shares are the top performer on S&P 500 this year, to revive a stocks rally that has struggled in recent weeks. Investors will be looking at sales at Nvidia's data center unit, home to its prized H100 chip used in AI. "Anything less than absolutely fantastic could trigger a sharp downside correction in Nvidia's stock price," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

Persons: Robert Galbraith, AJ Bell, Russ Mould, Ipek Ozkardeskaya, Medha Singh, Arun Koyyur Organizations: Nvidia, REUTERS, Reuters, Apple, Swissquote Bank, Thomson Locations: Santa Clara , California, Bengaluru

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Other big technology and growth stocks also rose, with Tesla (TSLA.O) advancing 3.4% after logging its biggest one-day percentage gain since March on Monday. Macy's (M.N) jumped 4% after the department store chain beat second-quarter sales estimates, while Coty (COTY.N) slipped 2.0% after the perfume and cosmetics maker forecast annual profit below Wall Street expectations. ET, Dow e-minis were up 66 points, or 0.19%, S&P 500 e-minis were up 17.25 points, or 0.39%, and Nasdaq 100 e-minis were up 79 points, or 0.53%. Among other stocks, shares of Zoom Video Communications (ZM.O) rose 2.8% in premarket trading after the video-conferencing platform forecast third-quarter profit above Wall Street estimates.

Persons: Carlo Allegri, Nvidia's, Russ Mould, Jerome Powell's, Lowe's Cos, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Nvidia, Monday, Bell, Federal, Traders, Coty, Dow e, Zoom Video Communications, Wall, Activision, Microsoft, Ubisoft Entertainment, Thomson Locations: New York, U.S, Jackson

[1/2] The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. Among major movers of the day, Applied Materials (AMAT.O) rose 2.5% after the chip equipment maker forecast fourth-quarter profit above analysts' estimates and posted better-than-expected third-quarter earnings. Estee Lauder (EL.N) lost 2.9% after the cosmetics maker forecast its annual net sales and profit below Street estimates. Deere & Co(DE.N) added 0.4% after the construction equipment maker raised its annual profit outlook. With no major economic data due on Friday, focus will now shift to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole economic symposium next week.

Persons: Jason Reed, Estee Lauder, Russ Mould, AJ Bell, EL.N, Jerome Powell's, Amruta Khandekar, Maju Samuel Organizations: U.S . Federal, REUTERS, Dow, Nasdaq, Federal Reserve, Traders, Alibaba, Materials, Deere, Co, Federal, Nvidia, Dow e, Keysight Technologies, Thomson Locations: Washington, U.S

☆ Stock markets face a 'perfect storm' as high rates and China fears bite, analysts warn
▼ + stars: | 2023-08-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. large scale fiscal stimulus) we acknowledge sentiment on China is unlikely to reverse sustainably on its own." Cau suggested this poses a problem for European and U.K. stocks. As such, Barclays is recommending investors should take a "barbell" approach involving allocations to cyclical and defensive stocks and a "value tilt." A value tilt refers to tipping a portfolio towards stocks perceived to be trading at a discount relative to their financial fundamentals.

Persons: Michael M, Russ Mould, bunds, Emmanuel Cau, Cau Organizations: New York Stock Exchange, Santiago, Getty, Bell, U.S, U.S . Federal, Treasury, Silicon Valley Bank, Barclays, European Equity Locations: New York City, U.S ., Silicon, China

☆ Maslow’s hierarchy of needs: Examples and explanation
▼ + stars: | 2023-08-15 | by ( Aj Willingham | ) edition.cnn.com time to read: +8 min

What is Maslow’s hierarchy of needs? “Human needs arrange themselves in hierarchies of pre-potency,” Maslow wrote in the 1943 paper “A Theory of Human Needs,” which first described the model. Level 2: Safety needsWith basic needs fulfilled, the next level of needs moves to safety. Examples of Maslow’s hierarchy of needsAside from its psychological application, countless disciplines have found Maslow’s model to be a useful teaching tool. Common challenges to Maslow’s model argue that it is too arbitrary, or that humans needs exist more as a cascading spectrum.

Persons: Abraham Maslow, Maslow, ” Maslow, “, —, aren’t, wasn’t, isn’t, Scott Barry Kaufman, mindbodygreen, “ Maslow, Charlie Huntingon, ” Organizations: CNN, YWCA, Berkeley

☆ Retail investors flock to penny stocks WeWork, Amyris, Proterra
▼ + stars: | 2023-08-11 | by ( Medha Singh | ) www.reuters.com time to read: +3 min

The three penny stocks, up in the range of 40% to 120%, were the most actively traded U.S. shares at 10:45 a.m. Amyris (AMRS.O) and WeWork (WE.N) were the second and third most traded stocks by retail investors, respectively, while Proterra (PTRA.O) was twelfth on the list at 10 a.m. Some of the latest speculative bets on the penny stocks were pinned on hopes of a merger and acquisition or a turnaround for the struggling businesses. Another set of retail traders are looking to capitalize on the volatility, especially by squeezing bearish investors on highly shorted stocks. Last week retail traders had piled into shares of Tupperware Brands (TUP.N) and trucking firm Yellow (YELL.O).

Persons: Kate Munsch, Amyris, Proterra, WeWork, Lucas Mantle, AJ Bell, Russ Mould, Matthew Tuttle, Medha Singh, Shounak Dasgupta Organizations: REUTERS, U.S, Biotech, Vanda Research, Hertz, Tuttle Capital Management, Tupperware Brands, Thomson Locations: San Francisco , California, U.S, Bengaluru

REUTERS/Brendan McDermid//File PhotoSummaryCompanies US-listed China stocks fall as stimulus measures disappointFutures mixed: Dow up 0.02%, S&P down 0.06%, Nasdaq down 0.16%Aug 11 (Reuters) - U.S. stock index futures were subdued on Friday as investors awaited producer prices data that could offer more clarity on the Federal Reserve's rate hike path. Investors are now focused on the producer prices data due at 8:30 a.m ET that will offer more insight into inflation in the world's largest economy. U.S. Labor Department's producer price index (PPI) for final demand, is expected to rise 0.2% in July, after growing 0.1% in June. "This (PPI) data set is something of a crystal ball for consumer price inflation; when producers charge more for goods the higher costs are usually passed on to households." "Higher yields incentivize investors to park their cash in the safety of bonds, and therefore decreases demand for risky plays like equities."

Persons: Brendan McDermid, Russ Mould, AJ Bell, Marios Hadjikyriacos, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Benchmark, Labor, PPI, Dow e, Nvidia, Treasury, XM, Thomson Locations: New York City, U.S, China, JD.com, Bengaluru

☆ Watch CNBC's full interview with Dan Greenhaus and AJ Oden
▼ + stars: | 2023-08-11 | 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 Dan Greenhaus and AJ OdenDan Greenhaus, Solus Alternative Asset Management, and AJ Oden, JPMorgan, join 'Taking Stock' to talk current market conditions, the probability of a recession, oil prices and more.

Persons: Dan Greenhaus, AJ Oden Dan Greenhaus, AJ Oden Organizations: Management, JPMorgan

☆ The Fed's next move isn't as clear cut as everyone is making it out to be: Solus' Dan Greenhaus
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's next move isn't as clear cut as everyone is making it out to be: Solus' Dan GreenhausDan Greenhaus, Solus Alternative Asset Management, and AJ Oden, JPMorgan, join 'Taking Stock' to talk current market conditions, the probability of a recession, oil prices and more.

Persons: Dan Greenhaus Dan Greenhaus, AJ Oden Organizations: Management, JPMorgan

☆ Falling prices in China could be a blessing in disguise for the world economy's ongoing fight against inflation
▼ + stars: | 2023-08-09 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

But falling prices there could end up being good news for the rest of the world. However, falling prices there aren't necessarily bad news for everyone else. In China, prices are falling rather than risingData from the National Bureau of Statistics published Wednesday showed China's factory-gate prices, as measured by the producer price index, plunging 4.4% year-on-year in July for a tenth straight month of declines. Falling prices in the world's second-biggest economy could "give central bankers in the US, UK and Europe pause for thought when they weigh up their next steps," according to AJ Bell investment director Russ Mould. So deflation in China might end up being bad news for Beijing – but a blessing in disguise for the rest of the world.

Persons: it's, China's, Hargreaves Lansdow n's, Steve Lansdown, AJ Bell, Russ Mould Organizations: Service, Privacy, Apple, Nike, Federal Reserve, National Bureau, Statistics, Beijing, Bank of England Locations: China, Wall, Silicon, Beijing, West, Saudi Arabia, Russia, Ukrainian

☆ Giants score 6 runs in 9th to rally past Angels
▼ + stars: | 2023-08-08 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/69] Aug 7, 2023; Anaheim, California, USA; San Francisco Giants starting pitcher Logan Webb (62) throws against the Los Angeles Angels during the first inning at Angel Stadium. Mandatory Credit: Gary A. Vasquez-USA TODAY SportsAugust 8 - The San Francisco Giants scored six runs in the ninth inning to rally for an 8-3 victory over Los Angeles Monday night in Anaheim, Calif., sending the reeling Angels to their seventh loss in a row. The Angels led 3-2 going into the ninth, thanks in part to a home run-robbing catch by center fielder Mickey Moniak in the eighth inning. Luis Rengifo followed with a single off Giants reliever Tyler Rogers (6-4), scoring Grichuk for a 3-2 Los Angeles lead. The starting pitchers -- the Angels' Patrick Sandoval and the Giants' Logan Webb -- matched each other with three scoreless innings to start the game before the Giants broke through in the fourth.

Persons: Logan Webb, Gary A, Vasquez, Mickey Moniak, Moniak, Joc, Carlos Estevez, Wilmer Flores, Davis, Patrick Bailey, Mark Mathias, Thairo Estrada, Blake Sabol, Estevez, Aaron Loup, Flores, Bailey, Randal Grichuk, AJ Pollock, Grichuk, Luis Rengifo, Tyler Rogers, Patrick Sandoval, Webb, Shohei Ohtani, C.J . Cron Organizations: San Francisco Giants, Los Angeles Angels, Angel, Los Angeles, Angels, Giants, The Giants, Angeles, Thomson Locations: Anaheim , California, USA, Anaheim , Calif, Estrada

☆ Amazon soars on 'game-changing' quarter, iPhone slump drags Apple
▼ + stars: | 2023-08-04 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

FILE PHOTO-The logo of Amazon is seen at the company's logistics center in Bretigny-sur-Orge, near Paris, France, November 25, 2022. Online retail giant Amazon's shares closed at a near one-year high and added more than $109 billion to its market value. "The second quarter is a game-changing quarter for Amazon; we would call it an-all clear moment," said SVB MoffettNathanson analyst Michael Morton. The surge in Amazon's stock reflected analysts' increased estimates for its earnings. But its services business was a bright spot and helped Apple top profit expectations for the June quarter.

Persons: Benoit Tessier, SVB, Michael Morton, —, Dan Coatsworth, AJ Bell, Aditya Soni, Samrhitha, Joice Alves, Noel Randewich, Chavi Mehta, Amanda Cooper, Saumyadeb Organizations: REUTERS, Google, Microsoft, Wall Street, Amazon, Refinitiv, Apple, Thomson Locations: Bretigny, Paris, France, Apple's, Bengaluru, London

☆ Amazon surges on 'game-changing' quarter, iPhone slump drags Apple
▼ + stars: | 2023-08-04 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

FILE PHOTO-The logo of Amazon is seen at the company's logistics center in Bretigny-sur-Orge, near Paris, France, November 25, 2022. Online retail giant Amazon was set to add about $120 billion to its market value, based on premarket movements. "The second quarter is a game-changing quarter for Amazon; we would call it an-all clear moment," said SVB MoffettNathanson analyst Michael Morton. But its services business was a bright spot and helped Apple top profit expectations for the June quarter. "It is time for Apple to launch something new and innovative, not just another variation of its core products."

Persons: Benoit Tessier, SVB, Michael Morton, —, Dan Coatsworth, AJ Bell, Aditya Soni, Samrhitha, Joice Alves, Amanda Cooper, Saumyadeb Organizations: REUTERS, Google, Apple, Microsoft, Wall Street, Amazon, Thomson Locations: Bretigny, Paris, France, Apple's, Bengaluru, London

☆ How interest rates impact your money — from savings to mortgages
▼ + stars: | 2023-08-04 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

The world of central banks and their policies, which include interest rates, may seem abstract — but they affect everyone. Interest rates — the rate at which you are charged or rewarded — are set by central banks, like the Fed or Bank of England. Pros and consHow consumers are affected by interest rates varies according to whether rates are higher or lower. On the flip side, higher interest rates can boost your savings, Mould added. Interest rates versus inflationInterest rates often go hand in hand with inflation (rising prices).

Persons: James McManus, —, Sarah Coles, Hargreaves Lansdown, Russ Mould, AJ Bell, Mould, McManus Organizations: CNBC, . Federal Reserve, European Central Bank, Bank of England, Fed

☆ Wall Street starts fretting about US debt again after months of easy stock-market gains
▼ + stars: | 2023-08-02 | by ( Joseph Wilkins | George Glover | ) www.businessinsider.com time to read: +3 min

Stocks have racked up easy gains over the past few months thanks to AI and cooling inflation. But investors are suddenly worried about debt again after Fitch slashed its credit rating for the US. The last time this happened was 2011 – and the S&P 500 took six months to recover its losses. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. In response, the S&P 500 dropped 6.5% and took a further six months to recover its losses.

Persons: Fitch, –, It's, Stocks, AJ Bell's, Laith Khalaf, Fitch's, Ray Dalio Organizations: Service, Poor's, House Locations: Wall, Silicon, –, Washington –, Canada

☆ Fitch's US debt-rating downgrade is bad news for stocks. Here's everything you need to know.
▼ + stars: | 2023-08-02 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The downgrade comes two months after Joe Biden and House Republicans reached an 11th-hour deal to stop a catastrophic default. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Here's everything you need to know about the ratings agency's shock move. Fitch said the last-minute debt-ceiling deal after months of shutdown had failed to convince it that Congress will be able to avert future calamities. As debt-ceiling negotiations dragged on earlier this year, the White House warned stocks could crash 45% if the government ever failed to repay its debts – so even a downgrade is bad news for the market.

Persons: Fitch, Joe Biden, Stocks, Joe Biden's, Biden, it's, AJ Bell's, Laith Khalaf, Fitch's, Janet Yellen, Larry Summers Organizations: House Republicans, Service, AAA, Social Security, House, Nasdaq, CME Group, Dow Jones, P Global, Biden Locations: Wall, Silicon, Europe, Asia

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