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"The number of jobs created is working its way down slowly and wages are starting to calm down. Money market bets show 75% odds of a 25-basis point hike in the Fed's February policy meeting, with the terminal rate expected just below 5% by June. ET, Dow e-minis were up 103 points, or 0.30%, S&P 500 e-minis were up 16 points, or 0.41%, and Nasdaq 100 e-minis were up 56.75 points, or 0.51%. Macy's Inc (M.N) and Lululemon Athletica Inc (LULU.O) dropped 4.7% and 10%, respectively, following dour holiday-quarter forecasts from both the retailers. Reporting by Shubham Batra, Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Other rate-sensitive growth stocks like Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O) gained about 1% each as U.S. Treasury yields declined. The gains pushed technology (.SPLRCT) to the top of the major S&P 500 sector indexes list. The S&P 500 growth index (.IGX) was up 3.6%, outperforming a 0.7% rise in its value peers (.IVX). Advancing issues outnumbered decliners for a 3.68-to-1 ratio on the NYSE and a 2.15-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and two new lows, while the Nasdaq recorded 95 new highs and 14 new lows.

☆ The feds say they're in for the long haul on Jan. 6 investigation
▼ + stars: | 2023-01-06 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +16 min

But the federal investigation has been strained, spread thin and strapped for resources as a sometimes less-than-agile federal bureaucracy adapts to the overwhelming scope of the caseload. While the FBI arrested more than 700 defendants in the first year of the investigation, it arrested about 200 in the second. Online sleuths have done their best to bust those myths, too. “That was it.”The Sedition Hunters website features images of people online sleuths say took part in the Jan. 6 attack, including many (in blue) who have been identified. Some charging documents in Jan. 6 cases make the role that online sleuths played clear.

☆ Instant View: US payrolls show labor market remains strong but wages rises cool
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +5 min

Nonfarm payrolls increased 223,000 last month, the Labor Department said in its closely watched employment report on Friday. Monthly job growth is well above the pace needed to keep up with growth in the working age population. "Through the rest of the report, the average hourly earnings month over month came in at 0.3%. But everything else about this shows a very, very resilient labor market which doesn’t bode well for a smaller rate hike. "Fed will look at these numbers and say that the labor market is still pretty robust and to the extent that they would like to see a bit of slack in the labor market."

☆ Fed pause in 2023 will ignite 'risk on' behavior in stocks, says Art Hogan
▼ + stars: | 2023-01-04 | 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 EmailFed pause in 2023 will ignite 'risk on' behavior in stocks, says Art HoganArt Hogan, chief market strategist at B. Riley Wealth Management, joins CNBC's "Power Lunch" to discuss his outlook on the market and the Fed's fight again inflation.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ ABBA's successful avatar show in London offers a glimpse at a daring new direction for live music
▼ + stars: | 2022-12-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

"Our ambition is to do another ABBA Voyage, let's say in North America, Australasia, we could do another one in Europe. Dave J Hogan | Getty Images Entertainment | Getty ImagesIt was also designed for flexibility. Promotional image for ABBA Voyage, the digital avatar-based live show currently running in London. For Cox, live shows that provide a "shared experience" like ABBA Voyage hold a greater appeal than headset-based virtual experiences, though there will certainly be more of those available in future. Frazer Harrison | Getty Images Entertainment | Getty Images

☆ The 10 biggest losers in the S&P 500 this year have erased $1.6 trillion in market value
▼ + stars: | 2022-12-27 | by ( Carla Mozée | ) www.businessinsider.com time to read: +9 min

In a losing year for US stocks, here are the 10 biggest percentage decliners on the S&P 500. The 10 largest S&P 500 stock losers wiped out $1.6 trillion in market value. The 10 S&P 500 companies that have experienced the largest stock-price declines heading into the end of 2022 have wiped out a combined market value of more than $1.6 trillion. PayPalTicker: PYPLYTD Performance: -63.4%Market Value Decline: $142.49 billionLike many tech companies, the digital payments processor is seeing a slowdown after a pandemic boom. Photo by George Frey/Getty ImagesTicker: GNRCYTD Performance: -73.8%Market Value Decline: $16.6 billionMass COVID lockdowns helped sparked big demand for backup generators as people worked and studied at home.

☆ Judge dismisses demands for LME disclosures on cancelled nickel trades
▼ + stars: | 2022-12-23 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

AQR Capital Management said after the ruling it would continue to evaluate all legal options. The other claimants in the filing were Winton Capital Management, Capstone Investment Advisors, Flow Traders (FLOW.AS) and DRW Commodities. The London Metal Exchange was represented by global law firm Hogan Lovells, instructing Brick Court Chambers. "Hogan Lovells has today secured an important victory for its client the London Metal Exchange (LME)," it said in a statement. The LME also faces lawsuits from U.S. hedge fund Elliott Associates and Jane Street Global Trading, which are suing the LME for $456 million and $15.3 million, respectively, for the cancelled nickel trades.

☆ Jan. 6 committee highlights: Panel votes on criminal referrals for Trump and others
▼ + stars: | 2022-12-20 | by ( Rebecca Shabad | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +48 min

“By the time President Trump was preparing to give his speech, he and his advisors knew enough to cancel the rally. “Some have suggested that President Trump gave an order to have 10,000 troops ready for January 6th. On far-right groups drawing inspiration from Trump: Trump has not denied that he helped inspire far-right groups, including the Proud Boys and Oath Keepers, to violently attempt to obstruct the official certification proceedings on Jan. 6. "There is no question from all the evidence assembled that President Trump did have that intent." Share this -Link copiedInside the final Jan. 6 committee meeting The Jan. 6 committee met for what’s likely its final public meeting, with many of the usual faces present.

☆ Morgan Stanley warns US profits could drop like in 2008, tanking stocks
▼ + stars: | 2022-12-20 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —One of Wall Street’s top executives is worried about a repeat of 2008. But Wilson is warning clients about a looming plunge in corporate profits next year as the economy stumbles. “The earnings recession by itself could be similar to what transpired in 2008/2009,” the Morgan Stanley exec wrote in a report on Monday. “We often hear from clients that everyone knows earnings are too high next year, and therefore, the market has priced it,” he wrote. Art Hogan, chief market strategist at B. Riley Wealth Management, told CNN late last week that investors may be overreacting to signs of more interest rate hikes from the Federal Reserve.

☆ Jan. 6 committee live updates: Panel votes on criminal referrals for Trump and others
▼ + stars: | 2022-12-19 | by ( Summer Concepcion | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +42 min

Committee details Trump allies' efforts to obstruct its investigation In its report summary, the committee detailed some of the efforts to obstruct its investigation. On far-right groups drawing inspiration from Trump: Trump has not denied that he helped inspire far-right groups, including the Proud Boys and Oath Keepers, to violently attempt to obstruct the official certification proceedings on Jan. 6. "There is no question from all the evidence assembled that President Trump did have that intent." Share this -Link copiedInside the final Jan. 6 committee meeting The Jan. 6 committee met for what’s likely its final public meeting, with many of the usual faces present. The committee will likely reveal Eastman’s referrals during Monday’s meeting, in addition to expected criminal referrals for Trump.

☆ Hope Hicks said Trump told her no one would care about his legacy if he lost the 2020 election: 'The only thing that matters is winning'
▼ + stars: | 2022-12-19 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +3 min

White House advisor Hope Hicks told Trump she was concerned that the January 6 attack on the Capitol would hurt his legacy. "I was becoming increasingly concerned that we were damaging his legacy," Hicks told the committee. Hicks started working with Trump during his 2016 campaign and served as a close confidante and White House communications director. She left the White House before returning as a senior advisor ahead of the 2020 election. Herschmann told Hicks he had already made the recommendation to Trump as well, but that Trump refused, Hicks said.

☆ Negative mood could pervade market next week as investors search for stability before the holidays
▼ + stars: | 2022-12-16 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Stocks were battered in the past week, as investors reacted to a hawkish message from the Federal Reserve. In the past week, stocks rallied Tuesday after the consumer price index showed a smaller-than-expected increase of 7.1% for November. "There's a lot of housing data next week," said Art Hogan, chief market strategist at B. Riley Financial. Ned Davis Research pointed out in a note this week that there has been a recent negative correlation between stocks and bonds, meaning stocks are falling and so are yields. Ned Davis expects the negative correlation to continue for the foreseeable future, and is watching the rolling one-year correlation between the S & P 500 and the 10-year Treasury yield.

Joe Biden beat Donald Trump once, and Democrats are crafting a strategy to try to beat him again in 2024 — even if his name isn’t on the ballot. But Democrats interviewed about the emerging 2024 strategy said they plan to make sure this particular comment isn’t soon forgotten. (Trump issued another statement on his Truth Social platform insisting he hadn’t said he wanted to “terminate” the Constitution.) A Trump ally, former Republican House Speaker Newt Gingrich, said he doesn’t believe Trump will suffer a backlash over his comment about the Constitution. Trump’s comment “is very serious,” said longtime Biden confidant Ted Kaufman, a former U.S. senator from Delaware.

"This falls into the category of a game changing view of Chinese companies because the threat of their delisting seems to have been eliminated," said Art Hogan, chief market strategist at B. Riley Financial. However, the relief was not seen in Thursday's trading for U.S.-listed shares of Chinese companies, which were higher amid the news, but gave up gains and some ended sharply lower. Washington and Beijing reached a landmark deal in August to settle a long-running dispute over auditing compliance of U.S.-listed Chinese firms. Authorities in China have long been reluctant to let overseas regulators inspect local accounting firms, citing national security concerns. U.S. lawmakers in 2020 agreed to legislation that would oust Chinese companies from U.S. stock exchanges unless they adhere to American auditing standards.

The bill already passed the Senate and now goes to President Joe Biden for his signature. “In removing Taney’s bust, I’m not asking that we would hold Taney to today’s moral standards,” House Majority Leader Steny Hoyer said on Wednesday while advocating for the statue’s removal. Figures like Taney belong in history textbooks and classroom discussions, not in marbled bronze on public display of honor.”A similar effort in 2020 that passed the House aimed to remove Taney’s bust from the Capitol along with monuments honoring Confederates. That bill, however, was eventually stalled by Senate Republicans who argued that states should decide which statues they’d like to display in the Capitol. A statue of Taney was previously removed in 2017 from the grounds of the Maryland State House.

The announcement from the U.S. accounting watchdog removes the risk that around 200 Chinese companies, including Alibaba (BABA.N), could be kicked off U.S. stock exchanges. "This falls into the category of a game changing view of Chinese companies because the threat of their delisting seems to have been eliminated." Washington and Beijing reached a landmark deal in August to settle a long-running dispute over auditing compliance of U.S.-listed Chinese firms. Authorities in China have long been reluctant to let overseas regulators inspect local accounting firms, citing national security concerns. U.S. lawmakers in 2020 agreed to legislation that would oust Chinese companies from U.S. stock exchanges unless they adhere to American auditing standards.

☆ UK snow causes travel chaos and energy fears
▼ + stars: | 2022-12-12 | by ( Rob Picheta | ) edition.cnn.com time to read: +2 min

London CNN —Snow has blanketed London and large parts of the United Kingdom on Monday, shutting schools, grounding flights and causing widespread disruption across a country struggling through a winter energy crisis. The cold snap left many parts of the country, including London, covered in snow from Sunday evening. Despite the disruption, the arrival of snow two weeks before Christmas brought a festive atmosphere to Britain’s parks and streets. Victoria Jones/PA Images/Getty ImagesSnowfall is relatively rare in southern England compared to northern Britain and mainland Europe, and Britons frequently gripe about the ill-preparedness of the country’s infrastructure when cold weather hits. The company said it was a “contingency” plan, which aimed to “give the public confidence in Monday’s energy supply,” according to PA.

☆ Kevin McCarthy's oversight agenda will be 'a recurring skit on SNL' if he makes MAGA cheerleaders Marjorie Taylor Greene and Lauren Boebert investigators: GOP strategists
▼ + stars: | 2022-12-12 | by ( Warren Rojas | ) www.businessinsider.com time to read: +8 min

Reps. Marjorie Taylor Greene and Lauren Boebert want in on the GOP oversight blitz. the Oversight Committee member said of the need to keep congressional probes above board. McCarthy's office has repeatedly told Insider that the House GOP steering committee, which McCarthy leads, will handle assignments for the next Congress "at the appropriate time." Aaron Cutler, a former House GOP leadership aide and now partner at Hogan Lovells, urged House Republicans to avoid "focusing on the wrong things," and to cut bait if needed. Michael Reynolds-Pool/Getty ImagesGiven that some sort of spectacle is probably unavoidable at this point, Roe urged House Republicans to tread carefully.

☆ Recession drumbeat gets louder as more U.S. CEOs strike mellow note for 2023
▼ + stars: | 2022-12-09 | by ( Medha Singh | ) www.reuters.com time to read: +3 min

A Reuters poll of economists published on Thursday showed that U.S. economic growth was expected to slow to 0.3% in 2023 following a 1.9% rise this year. Tesla Inc CEO Elon Musk said in October a recession would last until the spring of 2024. For 2023, analysts expect profit growth at S&P 500 companies to slow to 4.9%, after rising 5.8% in 2022, according to Refinitiv IBES data. While forecasts for the size and timing of recession vary, expectations for an economic recovery largely hinge on the Fed's stance on rates. S&P 500 performance YTDReporting by Medha Singh and Johann Cherian in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ November PPI a bit hotter than expected
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +5 min

Data for October was revised higher to show the PPI gaining 0.3% instead of 0.2% as previously reported. "I don’t believe this changes anything about what the Fed was going to do on Wednesday in terms of raising rates by 50 basis points." The strength of the data was broad based with ex-food, energy, and trade also topping estimates at 0.3% MoM vs. 0.1% MoM anticipated in an acceleration from last month's 0.2% MoM print. If there’s any positive signs it’s the yearly decline.”“Bottom line is inflation is in a down-trend but month-on-month it’s hotter than expected. Then, in March I expect it to be a 25 basis points after which they’ll hold to see how all these rate hikes have played out unless something dramatic happens.

☆ Georgia runoff loss for Herschel Walker shows Trump is nothing by an eyeroll
▼ + stars: | 2022-12-08 | by ( John Hart | John Hart Is The Co-Founder Of Solutions | The Former Communications Director For U.S. Sen. Tom Coburn. He Tweets At | ) www.nbcnews.com time to read: +5 min

If Republicans decide they are tired of losing elections they should be winning, Herschel Walker’s loss to Raphael Warnock in Georgia’s Senate runoff election should mark the definitive and unequivocal end of the Trump era. Republicans have grown complacent and comfortable on a bed of final straws with Trump, but Walker’s loss should wake them up from their slumber. Walker’s loss showed once again that Trump is the GOP’s Bridge to Nowhere, continuing the poor performance of Trump-anointed candidates in the midterms. If Trump wants to start a new party with his dinner companion, white supremacist Nick Fuentes, he’d be doing the Republican Party (and the republic) a favor. Republicans have grown complacent and comfortable on a bed of final straws with Trump, but Walker’s loss should wake them up from their slumber.

☆ Maryland Gov. Larry Hogan explains TikTok ban: We face grave threats of cyber espionage
▼ + stars: | 2022-12-08 | 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 EmailMaryland Gov. Larry Hogan explains TikTok ban: We face grave threats of cyber espionageMaryland Gov. Larry Hogan joins CNBC's 'Squawk Box' to explain why he's banning certain China and Russia-based platforms in his state's executive branch, including popular social media app TikTok.

WASHINGTON, Dec 7 (Reuters) - Indiana sued Chinese-owned short-video sharing app TikTok on Wednesday over allegations that it is deceiving users about China's access to their data and exposing children to mature content. The complaint added that inappropriate sexual and substance-related content can easily be found and are pushed by the company to children using TikTok. A spokesperson for the video sharing app said it did not have a comment on the pending litigation. TikTok has said the concerns prompting state bans were largely fueled by misinformation. President Joe Biden in June 2021 withdrew Trump's executive orders that sought to ban the downloads and directed the Commerce Department to conduct a review of security concerns posed by the apps.

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