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☆ S&P 500 futures rise, helped by Nike and FedEx earnings
▼ + stars: | 2022-12-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

S&P 500 futures rose 0.3%, and Nasdaq 100 futures climbed 0.4%. Investors were digesting earnings from Nike and FedEx that sent both companies higher in after-hours trading. Nike shares added 12% after the apparel maker beat Wall Street's expectations for quarterly earnings and revenue. The S&P 500 climbed 0.1% and the Nasdaq Composite eked out a slight gain of 0.01%. There are a few more big names left to report earnings before the Christmas holiday.

☆ Top 25 roundup: No. 5 Houston deals No. 2 Virginia first loss
▼ + stars: | 2022-12-18 | by ( ) www.reuters.com time to read: +10 min

2 Virginia its first loss, 69-61, Saturday in Charlottesville, Va.Marcus Sasser and Tramon Mark added 13 points each, while Jamal Shead had 11 points and four assists. Furst finished with 12 points and 13 rebounds, and Smith posted 10 points and 12 rebounds. Sam Mennenga led Davidson (7-4) with 14 points and Foster Loyer, Fletcher's brother, had 11 points. Kevin McCullar contributed 11 points, 11 rebounds and five steals, while KJ Adams and Jalen Wilson added 11 points apiece. Trayce Jackson-Davis had 13 points and a career-high nine blocked shots for Indiana (8-3), which lost its second straight game.

☆ Dollar gains as inflation pressures persist; eyes on c.bank meetings
▼ + stars: | 2022-12-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Against a basket of currencies, the U.S. dollar index eked out a 0.12% gain at 105.18. Traders were also kept on edge in the run up to key risk events this week, including U.S. inflation data and a slew of major central bank meetings. The Bank of England and the European Central Bank (ECB) will also meet this week, and each is likewise expected to deliver a 50 bp rate hike. Ahead of the FOMC meeting, November's U.S. inflation figures are due on Tuesday, with economists expecting core annual inflation of 6.1%. "The market reaction to U.S. inflation surprises has been asymmetric so far in 2022, with downside surprises having a larger effect than upside ones," said analysts at Barclays.

☆ Dollar rises as inflation pressures persist; FOMC meeting in focus
▼ + stars: | 2022-12-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Traders were also kept on edge in the run up to key risk events this week, including a slew of major central bank meetings. The Bank of England and the European Central Bank (ECB) also meet this week, and are likewise expected to each deliver a 50 bp rate hike. Elsewhere, the dollar rose 0.12% against the Japanese yen to 136.73, and against a basket of currencies, the U.S. dollar index eked out a 0.04% gain at 105.09. Ahead of the FOMC meeting, November's U.S. inflation figures are due on Tuesday, with economists expecting core inflation to rise 6.1% year-on-year. "The market reaction to U.S. inflation surprises has been asymmetric so far in 2022, with downside surprises having a larger effect than upside ones," said analysts at Barclays.

☆ Dollar slips on recession fears; central bank meetings loom
▼ + stars: | 2022-12-09 | by ( ) www.cnbc.com time to read: +3 min

The dollar eased on Friday as worries over a slowdown in the United States mounted, with traders on guard ahead of a slew of central bank meetings next week, where the Federal Reserve takes centerstage. Against the greenback, the euro rose nearly 0.5% overnight and edged toward a six-month peak hit at the start of the week. It was last 0.23% higher at $1.0579, and is on track for a third straight week of gains. Sterling similarly eked out a small gain overnight and last rose 0.23% to $1.22695, not far off Monday's six-month high of $1.2345. The European Central Bank and the Bank of England will also announce their monetary policy decisions next week, with markets keenly watching for guidance on 2023's outlook.

☆ Dollar slips on recession fears, c.bank meetings loom
▼ + stars: | 2022-12-09 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Against the greenback, the euro rose nearly 0.5% overnight and edged toward a six-month peak hit at the start of the week. It was last 0.23% higher at $1.0579, and is on track for a third straight week of gains. Sterling similarly eked out a small gain overnight and last rose 0.23% to $1.22695, not far off Monday's six-month high of $1.2345. An inversion of this yield curve is typically a precursor to recession.

Rare protests in major Chinese cities over the weekend against the country's strict zero-COVID curbs have hit growth expectations in the world's second-largest economy. U.S.-listed shares of Chinese companies such as Bilibili Inc , Alibaba Group Holding Ltd , JD.com Inc , Baidu Inc and Nio Inc , however, eked out gains, rising between 1% and 2.2%. Declining issues outnumbered advancers for a 2.47-to-1 ratio on the NYSE and for a 1.95-to-1 ratio on the Nasdaq. The S&P index recorded 11 new 52-week highs and two new lows, while the Nasdaq recorded 74 new highs and 102 new lows. Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ New York Democrats Help GOP to a Congressional Majority
▼ + stars: | 2022-11-26 | by ( Tunku Varadarajan | ) www.wsj.com time to read: 1 min

The Republican Party has eked out a slender House majority, likely 222-213, four members more than are needed for control. The GOP should direct its gratitude to Misha Tseytlin , a soft-spoken Chicago lawyer who helped engineer the margin of victory in an unlikely place—New York state. Kathy Hochul approved a gerrymandered electoral map drawn by Albany Democrats that could have handed them victory in as many as 22 of the Empire State’s 26 districts. Mr. Tseytlin, 41, filed suit the same day, arguing that the map violated a 2014 constitutional amendment against gerrymandering that had been championed by, among others, the late former New York City Mayor Ed Koch , a Democrat. The state Senate at the time was under Republican control, the Assembly was Democratic, and Democrat Andrew Cuomo was governor.

☆ China may have 'passed the point of no return' as Covid infections soar
▼ + stars: | 2022-11-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — Surging Covid infections across mainland China make it harder for the government to achieve zero-Covid without reverting to a harsh lockdown, Macquarie's Chief China Economist Larry Hu said. Larry Hu Chief China economist, Macquarie“China might have already passed the point of no return, as it's unlikely to achieve zero Covid again without another Shanghai-style hard lockdown," Hu said in a report Tuesday. flatten the curve, by tightening the Covid controls for the time being." He said Vietnam's unwinding of its Covid restrictions since fall last year could shed light on the path forward for China. Covid controls tighten in Beijing

☆ Dollar pauses climb; China COVID fears mount
▼ + stars: | 2022-11-22 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

China's capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic, with a surge in COVID cases sparking fresh restriction measures. The offshore yuan gained 0.3% to 7.1574 per dollar in Asia trade, after falling more than 0.7% overnight. "It could just be a consolidation phase after yesterday's pretty big move up," said Capurso of the U.S. dollar. The Japanese yen last traded 0.2% higher at 141.79 per dollar, after slumping more than 1% to the weaker side of 142 per dollar in the previous session. "It's more like a cork in the ocean, subject to risk aversion as well as movements in 10-year Treasury yields."

☆ Dollar steadies as China COVID fears linger
▼ + stars: | 2022-11-22 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

China's capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic, with a surge in COVID cases sparking fresh restriction measures. The offshore yuan traded 0.1% higher at 7.1665 per dollar in early Asia trade on Tuesday, after falling more than 0.7% overnight. The Japanese yen slumped more than 1% to the weaker side of 142 per dollar overnight and last traded 142.01. "It's more like a cork in the ocean, subject to risk aversion as well as movements in 10-year Treasury yields." "Fed comments remained in line with the recent slant of rhetoric," said economists at ING in a note.

☆ Dollar steadies as China Covid fears linger
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: +3 min

The dollar pared some of its strong overnight gains on Tuesday after investors flocked to the safe-haven currency on nerves over China's Covid flare ups, though cautious risk sentiment kept the greenback in demand. China's capital warned on Monday that it was facing its most severe test of the Covid-19 pandemic, with a surge in Covid cases sparking fresh restriction measures. The offshore yuan traded 0.1% higher at 7.1665 per dollar in early Asia trade on Tuesday, after falling more than 0.7% overnight. The Japanese yen slumped more than 1% to the weaker side of 142 per dollar overnight and last traded 142.01. "It's more like a cork in the ocean, subject to risk aversion as well as movements in 10-year Treasury yields ."

☆ Tesla safety at centre of South Korean trial over fiery, fatal crash
▼ + stars: | 2022-11-20 | by ( Ju-Min Park | ) www.reuters.com time to read: +9 min

SEOUL, Nov 21 (Reuters) - In an upscale Seoul neighbourhood two years ago, a white Tesla Model X smashed into a parking lot wall. The criminal trial about to begin in South Korea hangs on questions about the safety of Tesla cars, at a time when the EV maker faces a range of lawsuits and increased scrutiny by regulators. A lawyer for the family of Yoon Hong-geun, who owned the car and died in the crash, declined to comment. Tesla sold 17,828 vehicles in South Korea in 2021, registration data shows. Judge Park Won-gyu said that he plans to call Tesla engineers to testify and that the safety of Tesla vehicles would be examined at trial.

☆ Burberry looks to reignite spark under new leadership duo
▼ + stars: | 2022-11-16 | by ( Suban Abdulla | ) www.reuters.com time to read: +4 min

He has already made his key appointment in choosing Daniel Lee to replace Riccardo Tisci as chief designer at the 166-year-old label. Leather goods account for around 20% of Burberry's sales versus 70% at Bottega Veneta. Tisci, in turn, changed Burberry's design language by introducing a TB monogram, that increased the brand's appeal to younger luxury consumers. The final stages of Burberry's five-year plan were expected to see an acceleration in revenue growth and an increase in profits. Burberry's rivals - led by French luxury leaders LVMH (LVMH.PA) and Kering (PRTP.PA) - in contrast, have most recently reported double-digit sales growth in the quarter to the end of September.

☆ Adam Laxalt concedes in Nevada race that tipped the balance of the Senate
▼ + stars: | 2022-11-15 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Adam Laxalt, the former Nevada attorney general who called the 2020 presidential election “rigged,” conceded his loss on Tuesday in a contest that tipped the balance of the Senate to Democrats. The concession comes days after multiple news outlets on Saturday, including NBC News, had declared his opponent, Sen. Catherine Cortez Masto, the winner. The race margin was razor-thin, with the latest tally showing Cortez Masto with 48.8 percent of the vote and Laxalt with 48 percent. In the end, Cortez Masto eked out the win by vastly outperforming Laxalt in mail-in ballots. Laxalt noted Cortez Masto and allies spent a "staggering" amount of money against him and he still came within half a percentage point of victory.

[1/2] FILE PHOTO:Brazilian President-elect Luiz Inacio Lula da Silva cries while speaking during a meeting with members of the government transition team in Brasilia, Brazil November 10, 2022. REUTERS/Ueslei Marcelino REUTERSBRASILIA, Nov 15 (Reuters) - A dust-up among aides to Brazil's president-elect over the country's choice to lead the Inter-American Development Bank (IDB) is fueling concern that hardcore leftists on his team are eclipsing the influence of more market-friendly moderates. As his transition team begins its work ahead of the Jan. 1 inauguration, investors are wondering which group will be more influential in steering the two-term former president's economic policy. His appointment as coordinator of Lula's transition team was seen as good news for those hoping for market-friendly policies. SEEKING TO PLEASEInvestor concern about Lula's economic plans has been growing since last week.

Hassan did betterthan Biden democrats have won control Arizona › Mark Kelly (D) wins D+5.7 D+0.3 +5.4 pts. Kelly did betterthan Biden democrats have won control Pennsylvania › John Fetterman (D) wins D+4.4 D+1.2 +3.2 pts. Warnock did betterthan Biden democrats have won control Nevada › Catherine Cortez Masto (D) wins D+0.7 D+2.4 +1.7 pts. Welch did betterthan Biden democrats have won control Maryland › Chris Van Hollen (D) wins D+26.4 D+33.4 +7.0 pts. Rep. Van Hollen did worsethan Biden democrats have won control Connecticut › Richard Blumenthal (D) wins D+14.9 D+20.1 +5.2 pts.

Democratic Sen. Maggie Hassan of New Hampshire ran for reelection to a second term. 2022 General EmbedsNew Hampshire's Senate race candidatesHassan, a former state lawmaker and two-term governor, secured a second term in the Senate. Bolduc — who served in Afghanistan and received two Purple Hearts and five Bronze Stars — was the Republican standard-bearer in this year's Senate race. During the 2020 US Senate election that Democratic Sen. Jeanne Shaheen won, more than 18,400 voters — about 2.3% — cast ballots for Libertarian candidate Justin O'Donnell. What experts sayThe New Hampshire race was rated as "tilt Democratic" by Inside Elections, "lean Democratic" by The Cook Political Report, and "leans Democratic" by Sabato's Crystal Ball at the University of Virginia Center for Politics.

Democratic Sen. Maggie Hassan of New Hampshire is running for reelection to a second term. 2022 General EmbedsNew Hampshire's Senate race candidatesHassan, a former state lawmaker and two-term governor, is aiming to secure a second term in the Senate. Bolduc — who served in Afghanistan and received two Purple Hearts and five Bronze Stars — is the Republican standard-bearer in this year's Senate race. During the 2020 US Senate election that Democratic Sen. Jeanne Shaheen won, more than 18,400 voters — about 2.3% — cast ballots for Libertarian candidate Justin O'Donnell. What experts sayThe New Hampshire race was rated as "tilt Democratic" by Inside Elections, "lean Democratic" by The Cook Political Report, and "leans Democratic" by Sabato's Crystal Ball at the University of Virginia Center for Politics.

☆ Democratic Sen. Maggie Hassan vies against Republican Don Bolduc in the New Hampshire's US Senate race
▼ + stars: | 2022-10-31 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Democratic Sen. Maggie Hassan of New Hampshire is running for reelection to a second term. New Hampshire's Senate race candidatesHassan, a former state lawmaker and two-term governor, is aiming to secure a second term in the Senate. Bolduc — who served in Afghanistan and received two Purple Hearts and five Bronze Stars — is the Republican standard-bearer in this year's Senate race. Sununu was deeply critical of Bolduc during the GOP primary campaign and eventually endorsed state Sen. Chuck Morse, who narrowly lost to Bolduc in the September contest. During the 2020 US Senate election that Democratic Sen. Jeanne Shaheen won, more than 18,400 voters — about 2.3% — cast ballots for Libertarian candidate Justin O'Donnell.

☆ French economy ekes out meagre growth in Q3, inflation hits record high
▼ + stars: | 2022-10-28 | by ( Richard Lough | ) www.reuters.com time to read: +3 min

France's economy grew 0.2% in the July-September period, in line with market expectations, preliminary data from the INSEE official statistics agency showed. After two consecutive months of slowing inflation in France that bucked the wider euro zone trend, consumer prices surged in October. Food prices were up 11.8% annually while energy prices soared 19.2%. The data came a day after the European Central Bank raised interest rates again, worried that rapid price growth is becoming entrenched. The outlook for France, remained difficult with inventories likely to make a negative contribution to growth from the next quarter, ING analysts said.

☆ US stocks close mixed as Nasdaq and S&P 500 snap 3-day win streaks on weak tech earnings
▼ + stars: | 2022-10-26 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks finished mixed as the Nasdaq snapped a three-day win streak amid weak tech earnings. But the Dow Jones Industrial Average extended its rally to a fourth consecutive session. Tech stocks will see more action this week as Meta reports late Wednesday and Apple is due to report after the close on Thursday. Meanwhile, the Dow Jones Industrial Average eked out a gain to extend its rally to a fourth consecutive session, helped in part by strong earnings from Visa. Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:Dow Jones Industrial Average: 31,839.84, up 0.01% (3.10 points)Nasdaq Composite: 10,970.99, down 2.04%Here's what else is happening today:In commodities, bonds and crypto:

☆ JetBlue posts quarterly profit as travel demand helps cover jump in costs
▼ + stars: | 2022-10-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

A JetBlue Airways Corp. plane prepares for landing at LaGuardia Airport in New York, U.S., on Tuesday, April 18, 2017. JetBlue Airways eked out a $57 million profit for the third quarter as strong travel demand and higher fares helped the carrier cover more expensive fuel and other costs. The New York-based airline's revenue rose 30% during the quarter from the same period last year to $2.56 billion, in line with analysts' estimates. Larger U.S. carriers have been upbeat about travel demand and largely outperformed analysts' expectations on resilient travel demand, particularly on the return of international trips. The airline forecast fourth-quarter unit costs, excluding fuel, to be up as much as 10.5% from three years ago.

The dollar pared gains after earlier climbing to a fresh 24-year peak versus the yen, holding above levels that prompted intervention by Japan last month. Sterling regained ground after a sharp fall the previous day as investors eyed the Bank of England's next steps. In currencies, sterling was last trading at $1.1091, up 1.17% on the day after going as low as $1.0925 earlier. read moreThe euro fell 0.04% against the dollar to $0.9699 while the Japanese yen weakened 0.67% versus the greenback to 146.84 per dollar. Gold eked out gains on Wednesday after five sessions of losses, although an uptick in the dollar kept prices in check as investors waited for the Fed minutes.

The dollar pared gains after climbing to a fresh 24-year peak versus the yen, holding above levels that prompted intervention by Japan last month. Sterling regained ground after a sharp fall the previous day as investors eyed the Bank of England's next steps. read moreRegister now for FREE unlimited access to Reuters.com Register"For the most part there's nothing too earth shattering in the Fed minutes. But he cited discussions of calibrating the response, suggesting awareness of the risk of hiking rates too fast. Gold eked out gains on Wednesday after five sessions of losses, although an uptick in the dollar kept prices in check as investors waited for the Fed minutes.

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