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☆ Wall Street ends mixed with inflation data, earnings on tap
▼ + stars: | 2023-04-10 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

The bellwether S&P 500 ended the session nominally higher. Of the 11 major sectors of the S&P 500, six ended the session higher, led by industrials (.SPLRCI). "When the Fed repeats time after time what their priorities are and what they’re going to do, they’re going to do it." As of Friday, analysts expected aggregate S&P 500 earnings down 5.2% year-on-year, a stark reversal from the 1.4% annual growth expected at the beginning of the quarter, according to Refinitiv. The S&P 500 posted 2 new 52-week highs and no new lows; the Nasdaq Composite recorded 50 new highs and 155 new lows.

☆ Wall St fluctuates as investors weigh jobs report, earnings on tap
▼ + stars: | 2023-04-10 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"There’s clearly a disconnect between what the Fed is telling us they’re going to do and what the market believes the Fed is going to do," Pursche added. "When the Fed repeats time after time what their priorities are and what they’re going to do, they’re going to do it." As of Friday, analysts now expect aggregate S&P 500 earnings down 5.2% year-on-year, a stark reversal from the 1.4% annual growth expected at the beginning of the quarter, according to Refinitiv. Among the 11 major sectors of the S&P 500, communication services (.SPLRCL) and technology (.SPLRCT) suffered the largest percentage losses. The S&P 500 posted one new 52-week high and no new lows; the Nasdaq Composite recorded 41 new highs and 131 new lows.

Raymond James is optimistic on FedEx after the shipping giant announced Wednesday a cost-cutting restructuring plan. He retained his price target of $285 per share, which implies almost 24% upside from Wednesday's close price. DRIVE is FedEx's comprehensive $4 billion cost-cutting plan which includes consolidating FedEx Ground, FedEx Express and other operating companies into FedEx Services. Analyst Thomas Wadewitz has a buy rating on shares and sees the stock rising 13%. FedEx shares were up 1.3% Thursday before the bell.

☆ The S&P 500 needs a broader base of support if its upswing is going to last
▼ + stars: | 2023-04-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The S & P 500, thanks to the outperformance of a small group of technology stocks, enters the second quarter on an upswing. The message is clear: for the moment, the majority of the market returns are being generated by large-cap tech stocks. Back in early February, 75% of the S & P 500 stocks were above their 200-day moving average. Bulls, of course, are hopeful that the banking crisis will be the ultimate blessing in disguise, forcing the Fed to finally slow its rate-hiking campaign, now that it has finally broke something and created a regional banking crisis. "A bullish breakaway hasn't materialized, and the S & P 500 is back in its base," Ari Wald, senior analyst at Oppenheimer, noted over the weekend.

☆ 100-year-old sisters share 4 tips for staying mentally sharp as you age—and they don't say crossword puzzles
▼ + stars: | 2023-03-27 | by ( Ester Bloom | ) www.cnbc.com time to read: +5 min

And I'd say, 'Because I'm old?' Sweedler, who lives in a retirement home in Connecticut, is proud of the way she's retained her faculties: "I don't talk like an old lady." It probably helps that she doesn't think of herself that way: "I don't feel that I'm old," says Sweedler, who turned 103 in December. "I don't feel old, that's the truth." ConnectBoth Hodes and Sweedler wax rhapsodic about the importance of family and especially a good marriage: "There's nothing better," Sweedler declares.

☆ Atlas Energy valued at $1.75 billion after shares fall in U.S. debut
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

March 9 (Reuters) - Shares of Atlas Energy Solutions Inc (AESI.N) fell nearly 3% in their U.S. market debut on Thursday, valuing the oilfield services firm at $1.75 billion. The Austin, Texas-based company's shares opened at $17.5, below its initial public offering price of $18 a share. Atlas raised $324 million in its IPO on Wednesday after it sold 18 million shares at $18 apiece, below a range of $20 to $23 set earlier. Reuters was the first to report last year that Atlas was preparing for an IPO which could value the company at $2 billion to $3 billion. Calgary-based energy company Greenfire Resources and clean energy producer NET Power plan to merge with blank-check companies to go public in the United States.

☆ South Korean romance reality shows boom, but marriage no longer the end game
▼ + stars: | 2023-03-05 | by ( Jihoon Lee | ) www.reuters.com time to read: +5 min

[1/5] Choi Seo-eun, a participant in Single's Inferno 2 takes a selfie with her fans during a fan meeting event in Seoul, South Korea, February 11, 2023. While official statistics on their numbers are not kept, unmarried couples living together no longer raise eyebrows in South Korea. And while romance reality shows may be all the rage, a substantial number of Koreans also appear prepared to eschew relationships altogether. Even on dating shows like Netflix's (NFLX.O) hit "Single's Inferno" which transports young people to a deserted island, most of the shows' content revolves around long conversations between participants. The conversations in and around dating and relationship shows are good for South Korea, says Lim Myung-ho, a professor of psychology at Dankook University.

☆ A 100 year-old stock market indicator is flashing bearish signals that point to more pain ahead for investors
▼ + stars: | 2023-03-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

There is a bearish divergence developing between the Dow Jones Transportation Average and the Dow Jones Industrial Average. While the transports index made a higher high in January, the transportation average did not. Dow Theory is a more than 100-year old technical indicator that suggests if transportation companies are doing well, so should the broader economy. Dow theory suggests that the relationship between the two indexes could send a broader signal to investors about the future direction of the stock market. "These bearish divergences into late 2022 and early 2023 show a disconnected equity market, keeping the bearish signal for Dow Theory from early 2022 intact," Suttmeier said.

☆ Critical for Kazakhstan to pursue oil export options outside of Russia, investor says
▼ + stars: | 2023-03-01 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Kazakhstan's ability to diversify its seaborne crude oil export routes away from Russian territory is critical to the country's economy, the developer of an alternative port told CNBC. Once complete, the port could provide an alternative to Kazakhstan's main seaborne crude oil export route, which currently transports volumes across Russian territory via the 1,511-kilometer (939-mile) Caspian Pipeline Corporation's pipeline, for later shipment from the CPC terminal near Russian port Novorossiysk. Exports from the CPC terminal were intermittently disrupted in 2022, with Russia citing technical and regulatory issues. "Approximately 95% of oil is going through Russian territory, and we have seen some disturbance last year, and actually … it's quite a threat to the Kazakhstan economy, because we are depending on the oil revenues," Marabayev told CNBC on Wednesday. ExxonMobil's after-tax earnings linked to its Kazakh interests were roughly $2.5 billion in 2022.

[1/5] View of boats stuck in a sea with invasive green water hyacinth weed at the Hartbeespoort dam, informally known as "Harties", a small resort town in the North West Province of South Africa, February 16, 2023. REUTERS/Shafiek TassiemHARTBEESPOORT, South Africa, March 1 (Reuters) - The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. Scientists and community members have, however, found a unique way to deal with the invasion by introducing a water hyacinth eating bug called Megamelus scutellaris. The insect army has previously reduced the expanse of water hyacinths to a mere 5% on the dam, Coetzee said.

☆ I tried the new Jeni's 'Ted Lasso' ice cream—here's my honest review
▼ + stars: | 2023-03-01 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

"Ted Lasso" has won multiple Emmy awards and Golden Globes for its first two seasons, but this month it's getting something new: an official ice cream flavor. The hit Apple TV+ series has partnered with Ohio-based Jeni's Splendid Ice Creams to put out a new limited edition flavor just in time for the premiere of the show's third season. CNBC Make It tried out the new ice cream ahead of its release. The collaboration has been in the works for about a year, representatives for Jeni's tell CNBC Make It, and it will be available at all Jeni's Scoop Shops. Customers who don't live near a scoop shop will be able to order the flavor off the Jeni's website for $12 per pint.

☆ Venezuelan liquor cocuy is winning awards, but producers face hurdles
▼ + stars: | 2023-02-27 | by ( Keren Torres | ) www.reuters.com time to read: +5 min

Venezuela's cocuy producers, however, say limited wild crops and the labor-intensive process of making the drink without additives - the prize-winning version of the liquor - are complicating efforts to increase output. Producers say there is no data on annual national production or sales because much of cocuy output is made for local consumption. A liter of 100% agave cocuy can sell for between $18 and $60, while its production costs average about $12 without commercialization costs. Of the 365 cocuy producers in Lara, whose arid and semi-arid climate makes agave abundant, just 70 make the liquor with 100% agave. The difficult production process begins by cutting back the plant's leaves to reach its "head," said Siquisique producer Nelson de la Rosa.

The cross-border attacks followed an Israeli operation in the West Bank city of Nablus on Wednesday. The Islamic Jihad said Israeli troops had surrounded two of its Nablus commanders in a house, triggering a clash that drew in other gunmen. Palestinian sources said the two Islamic Jihad commanders had been killed along with another gunman. Palestinian groups in East Jerusalem, the West Bank and Gaza went on strike on Thursday. Abdel-Latif Abdu, a vegetable seller in Gaza, kept his shop closed in support of residents of Nablus and the rest of the West Bank.

☆ ‘Hogwarts Legacy’ Videogame Tops Sales Charts Amid Debates About ‘Harry Potter’ Creator
▼ + stars: | 2023-02-22 | by ( Luke Winkie | ) www.wsj.com time to read: +1 min

The new videogame ‘Hogwarts Legacy’ transports players to the Hogwarts School of Witchcraft and Wizardry, where Harry Potter and his friends mastered spellbooks. When the new, highly anticipated “Harry Potter” videogame “Hogwarts Legacy” made its debut earlier this month, it shot immediately to the top of the sales charts. Set in a 19th-century Wizarding World where wizards wear top hats and drive buggies, the game transports players to the school where Harry and his friends mastered spellbooks and learned how to fight against the dark arts. Game fans are captivated by its immersive open world: In the days following its release, “Hogwarts Legacy” had at one point had more than 879,000 concurrent players, according to distribution platform Steam. Developed by Avalanche Studios and released by Warner Bros. Interactive Entertainment, it marks the first time “Harry Potter” has been given blockbuster treatment by a videogame company.

☆ Israeli troops kill 9 Palestinians in West Bank clash, medics say
▼ + stars: | 2023-02-22 | by ( Ali Sawafta | ) www.reuters.com time to read: +2 min

[1/6] Palestinians clash with Israeli forces during a raid in Nablus in the Israeli-occupied West bank, February 22, 2023. REUTERS/Raneen SawaftaNABLUS, West Bank, Feb 22 (Reuters) - Israeli troops killed nine Palestinians, including at least three gunmen and three civilians, and wounded over 90 others during a raid on a flashpoint city in the occupied West Bank on Wednesday, witnesses and medical officials said. The Islamic Jihad militant faction said two of its Nablus commanders had been encircled in a house by Israeli troops, triggering a clash that drew in other gunmen. Hamas, another Palestinian militant group that sometimes fights alongside Islamic Jihad, hinted at possible reprisals from the Gaza Strip, a territory that it controls. Hamas and Islamic Jihad are sworn to Israel's destruction but have in the past observed Egyptian-mediated truces with it.

☆ Shipping industry grapples with ways to cut cargo fires at sea
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 22 (Reuters) - Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers or in cars at sea, officials said on Wednesday. Shipping transports around 90% of world trade onboard different vessels including container and Ro-Ro ships with trade routes getting busier. "The main root cause for cargo fires on container ships is the integrity of dangerous goods throughout the supply chain. Therefore it is a problem that can only be improved through industry wide solutions," Maersk's Aslak Ross said separately in a statement. Reporting by Jonathan Saul Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ A year after Russia’s invasion: How Ukraine endured
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +21 min

REUTERS/Valentyn OgirenkoIn the early hours of Feb. 24, 2022, tens of thousands of Russian soldiers entered Ukraine. By seizing the city of three million people, and capturing or killing Zelenskiy, Russia’s hope appeared to be that Ukraine would quickly surrender. By March 23, Russia’s advance had captured regions of Ukraine along the Belarus border but Ukraine’s forces had begun reclaiming territory near Kyiv. Satellite imagery of Russia’s military convoy near Invankiv, Ukraine, Feb. 28, 2022. The two sit on a bed, with a radio and teddy bears nearby., image Ukrainian civilians have endured The will of the people of Ukraine continues to be that they remain free.

[1/4] Director Peyton Reed poses at a premiere for the film "Ant-Man and the Wasp: Quantumania" in Los Angeles, California, U.S., February 6, 2023. "Ant-Man and the Wasp: Quantumania" is the first movie in phase five of Disney's Marvel Cinematic Universe. It takes the superhero and his resizing powers into the Quantum realm, a subatomic world where he meets new challenges. Reality melted away and brought her into the fantasy world that many children grew up reading about in the Marvel comic books, she noted. Disney artists assembled new environments, creatures, buildings and an entire internal history and logic to make the Quantum realm come to life.

☆ Freight Broker C.H. Robinson Digs in Against Activist Investor
▼ + stars: | 2023-02-03 | by ( Paul Berger | ) www.wsj.com time to read: +4 min

Robinson Worldwide Inc. is standing its ground against an activist investor pushing for a quick and wide-ranging overhaul of the country’s biggest freight broker as the company battles declining freight demand and growing competition. Robinson’s international freight forwarding business, a central goal of investor Ancora Holdings Group LLC as it seeks an overhaul of the business. Robinson executives said on the Wednesday earnings call that the global forwarding arm, which moves freight by air and ocean, is essential to the company’s success. Robinson is by far the largest player in the U.S. domestic freight brokerage market that matches freight shippers with available trucks. It is also among the top two U.S.-based companies in the global forwarding market that transports cargo by air and ocean.

☆ Missing radioactive capsule found on remote road in Australia
▼ + stars: | 2023-02-01 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

Brisbane, Australia CNN —Authorities scanning a remote Australian highway for a tiny missing radioactive capsule have found it by the roadside, after a challenging search likened to trying to find a needle in a haystack. Search teams found the missing capsule not far from the Rio Tinto mine, suggesting it fell off the truck soon after departure. On Thursday it would start its journey south again – this time to a health department facility in Perth. Department of Fire and Emergency Services/APRadiation Services WA says radioactive substances are transported throughout Western Australia on a daily basis without any issues. A member of the Incident Management Team coordinates the search for a radioactive capsule lost in transit.

Due to the tiny size of the capsule and the huge distances involved, authorities warn the chances of finding it are slim. Department of Fire and Emergency Services/APHow rare is it to lose a radioactive device? Radiation Services WA says radioactive substances are transported throughout Western Australia on a daily basis without any issues. A conveyor belt transports iron ore at the Gudai-Darri mine operated by the Rio Tinto in the Pilbara region of Western Australia, June 21, 2022. At that rate, the capsule could be radioactive for the next 300 years, said Deb from RMIT University.

☆ Mining giant Rio Tinto apologizes for sparking radiation alert after losing device in Australia
▼ + stars: | 2023-01-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

A vehicle travels through the Gudai-Darri mine operated by the Rio Tinto Group in the Pilbara region of Western Australia, Australia, in June 2022. The company has apologized after a radioactive capsule used at the site went missing. Mining giant Rio Tinto on Monday apologized after the loss of a small radioactive capsule used in its operations caused a radiation alert in Western Australia. It was delivered by a third-party contractor from Rio Tinto's Gudai-Darri site to Perth for repairs on Jan. 12, arriving on Jan. 16. Rio Tinto, one of the world's biggest mining firms, says it routinely transports and stores dangerous materials and has controls in place to manage risks.

☆ US Border Officials Fighting Mexico Egg Smuggling, As Prices Soar
▼ + stars: | 2023-01-22 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +2 min

As egg prices continue to rise in the US, some are attempting to bring cheaper eggs illegally from Mexico over the border. But transporting uncooked eggs poses a risk of disease and could cost smugglers thousands in fines, officials say. Prices in Mexico can be less than half of what some in the US pay, NPR reported. While the prospect of lower egg prices is tempting, customs officials have noticed the increase. Seizures of eggs at the US-Mexico border rose 108% from October to December in 2022, according to Border Report.

☆ Earnings could keep the market on edge in week ahead as investors wait for Fed
▼ + stars: | 2023-01-20 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

I do think that will happen even more in the week ahead as the Fed is in a blackout period. S & P Global PMI data is released for both services and manufacturing Tuesday. "The market continues to think the Fed does not have to administer as much medicine as the Fed tells us they plan to. Earnings, earnings, earnings Stocks were lower in the past week, with the S & P 500 off by 1.8%. "It's a mild earnings recession, but it's an earnings recession.

☆ China's navy is showing off a huge new ship designed to carry other warships around
▼ + stars: | 2023-01-09 | by ( Liu Zhen | South China Morning Post | ) www.businessinsider.com time to read: +4 min

Yinmahu is a semi-submersible heavy-lift ship that could ferry equipment and damaged ships. Chinese state TV recently showed the ship doing various maneuvres but didn't reveal its specifications. Footage showed the Yinmahu's departure, submerging, ship loading, lifting and transporting. The Chinese navy's first heavy-lift vessel, the Donghaidao (hull number 868) is known to have entered service in 2015. The semi-submersible heavy-lift ship can carry vessels over 100,000 tonnes.

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