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The benchmark 10-year Treasury yield fell to one-week lows as expectations of slower rate hikes gained after the Bank of Canada delivered a smaller-than-expected 50 basis point increase. Such hopes also come against the backdrop of economic indicators and corporate results suggesting that rapid increases to the borrowing cost is slowing the economic growth. Bets for a 50 basis point hike in December have increased to 55.3%, up from 47.4% a day ago, while the expectations for a 75 basis point hike have shrunk to 38.6% from 50.8%, according to CME's FedWatch tool. Visa Inc (V.N) jumped 5.2%, boosting the Dow, after the payments processor topped quarterly profit estimates on strong travel demand. The S&P index recorded 23 new 52-week highs and two new lows, while the Nasdaq recorded 73 new highs and 41 new lows.

☆ The ridiculous rise of the chief purpose officer — corporate America's half-baked attempt to fix the employee burnout crisis
▼ + stars: | 2022-10-25 | by ( Tracy Moore | ) www.businessinsider.com time to read: +11 min

Every company on Great Place to Work's ranked list of best employers has a chief purpose officer or purpose among the company's missions and goals. Its chief purpose officer, Kwasi Mitchell, who stepped into the role in 2020, told me that establishing purpose was a powerful talent-retention tool. The same is true for chief purpose officers. And a chief purpose officer can be used as a crutch, a way for a business to say, "Of course, we care," when employees raise issues with the culture. Instead of fixing the burnout problem, these executives can allow management to turn a blind eye and assume all is well, letting workplace rot set in even deeper.

The benchmark S&P 500 (.SPX) is up nearly 6% from its Oct. 12 closing low for the year. The reaction function to the actual earnings will likely be positive," said Art Hogan, chief market strategist at B. Riley Wealth in New York. Of the 99 companies in the S&P 500 that reported third-quarter earnings through Friday, 74.7% had beat analysts' expectations, according to Refinitiv estimates. Shares of 3M (MMM.N) and Coca-Cola (KO.N) and Boeing (BA.N), which are also reporting earnings this week rose between 0.5% and 3%. Among S&P 500 sectors, healthcare (.SPXHC) was up 2.1% and in the lead, followed by industrials (.SPLRCI) and consumer staples (.SPLRCS).

read moreOther megacap shares, including those of Amazon.com Inc (AMZN.O) and Alphabet Inc (GOOGL.O), also dropped ahead of their earnings later this week. read moreThe benchmark S&P 500 (.SPX) is up about 5% from its Oct. 12 closing low for the year. The indexes notched their biggest weekly percentage gains in four months on Friday, also supported by better-than-expected earnings reports. The earnings reports from the four biggest U.S. companies by market capitalization could test a nascent rally on Wall Street as stocks claw their way back from the latest lows. The S&P index recorded 20 new 52-week highs and 4 new lows, while the Nasdaq recorded 42 new highs and 204 new lows.

☆ Wall Street set to open higher as bond yields retreat
▼ + stars: | 2022-10-24 | by ( Amruta Khandekar | ) www.reuters.com time to read: +3 min

The 10-year yield was last seen at 4.17% after hitting a 15-year high at 4.34% on Friday. The earnings reports from the four biggest U.S. companies by market capitalization could test a nascent rally on Wall Street as stocks claw their way back from the latest lows. Of the 99 companies in the S&P 500 that reported third-quarter earnings through Friday, 74.7% had beat analysts' expectations, according to Refinitiv IBES estimates. Despite the recent rebound, the index is down 21% so far in 2022, on track for its biggest decline since 2008. ET, Dow e-minis were up 144 points, or 0.46%, S&P 500 e-minis were up 14.75 points, or 0.39%, and Nasdaq 100 e-minis were up 13.25 points, or 0.12%.

☆ Bono Is Still Trying to Figure Out U2 and Himself
▼ + stars: | 2022-10-24 | by ( David Marchese | ) www.nytimes.com time to read: +28 min

Mamadi Doumbouya for The New York Times Talk Bono Is Still Trying to Figure Out U2 and HimselfThere are different Bonos to different people, including the man himself. You say, “But you’re U2 — you don’t need that.” What’s interesting is that we want that. But I also wrote the book to try to figure out what was going on with U2. They sound like U2 songs. Do they sound like U2 songs?

☆ VIEW Rishi Sunak to become Britain's new PM, UK markets rally
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +8 min

LONDON, Oct 24 (Reuters) - Former British finance minister Rishi Sunak will be Britain's next prime minister after his rivals quit the race, which analysts said had relieved some of the nervousness around the outlook for the UK economy, boosting domestic markets. The new Prime Minister needs to confirm their leadership team as soon as possible and provide clarity on their strategy for stabilising the economy and their policy priorities. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK:"Coming to a very rapid decision on who the prime minister is going be certainly breathes a sigh of relief into the markets. RUTH GREGORY, SENIOR UK ECONOMIST, CAPITAL ECONOMICS, LONDON:"The fall in gilt yields on the news today that Rishi Sunak will become the UK’s next Prime Minister has reduced the chances of a significant fiscal consolidation. With the pound, just because we have a new Prime Minister in place, all of the issues don't just go away and we still have remarkable strength being enjoyed by the dollar."

☆ Trump says Pence and other ex-Cabinet members would be 'very disloyal' if they ran against him in a 2024 GOP presidential primary
▼ + stars: | 2022-10-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Trump said it would be "very disloyal" if Pence and ex-Cabinet members ran against him in 2024. Mike Pence, Mike Pompeo, and Nikki Haley are thought to be considering their own 2024 bids. Vice President Mike Pence and other former members of the Trump administration have also been highlighted as potential challengers. Pence, Pompeo, and Haley are believed to be pondering 2024 campaigns. Larry Hogan, who has been a vocal critic of Trump, is also thought to be a potential 2024 opponent.

☆ Wall St rises as upbeat corporate forecasts trump UK political shock
▼ + stars: | 2022-10-20 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +4 min

The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. Fellow blue-chip stock Verizon Communications Inc (VZ.N) rose 2.3% after peer AT&T Inc (T.N) jumped 9.9% upon raising its annual profit forecast. However, the estimate is still sharply lower than an 11.1% increase that was forecast at the start of July. Advancing issues outnumbered decliners by a 2.38-to-1 ratio on the NYSE and by a 2.09-to-1 ratio on the Nasdaq. The S&P index recorded two new 52-week highs and 10 new lows, while the Nasdaq recorded 17 new highs and 104 new lows.

☆ S&P 500 to open lower as UK's Truss resigns as PM
▼ + stars: | 2022-10-20 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. Truss's economic program had sent shockwaves through global financial markets and divided her Conservative Party just six weeks after she was appointed. Fellow blue-chip stock Verizon Communications Inc (VZ.N) shares added 0.9% after peer wireless carrier AT&T added 3.7% upon raising its annual profit forecast. However, the estimate is still sharply lower than an 11.1% increase that was forecast at the start of July. ET, Dow e-minis were up 19 points, or 0.06%, S&P 500 e-minis were down 5.75 points, or 0.16%, and Nasdaq 100 e-minis were down 39.25 points, or 0.35%.

☆ Three Stock Lunch: Pfizer, DR Horton and WestRock
▼ + stars: | 2022-10-20 | 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 EmailThree Stock Lunch: Pfizer, DR Horton and WestRockArt Hogan, B. Riley Wealth Management chief market strategist, joins 'Power Lunch' to discuss his investing take on three stocks: Pfizer, DR Horton and WestRock.

☆ Video: What this defamation attorney thinks could have happened in Trump's deposition
▼ + stars: | 2022-10-20 | by ( ) edition.cnn.com time to read: 1 min

Ken Turkel, an attorney who has represented multiple high profile figures like Sarah Palin and Hulk Hogan in defamation cases, speaks with CNN's Jake Tapper about former President Donald Trump's recent deposition in the defamation case brought against him by E. Jean Carroll.

☆ ‘Knives Out’ director is revealing the sexuality of Daniel Craig’s character
▼ + stars: | 2022-10-19 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —The director of “Knives Out” is revealing the sexuality of Daniel Craig’s character in the hit film. Rian Johnson says super sleuth Benoit Blanc, a wacky detective, does have male lovers, Johnson confirmed at a BFI London Film Festival press conference. Johnson was discussing “Glass Onion,” the sequel to the 2019 mystery, which is set for a Netflix release Dec. 23. Dave J Hogan/Getty Images“Glass Onion: A Knives Out Mystery” also stars Edward Norton, Natasha Lyonne, Janelle Monáe, Kathryn Hahn, Kate Hudson, Leslie Odom, Jr., and Dave Bautista. Hugh Grant, Yo-Yo Ma, the late Angela Lansbury and Stephen Sondheim play themselves in the movie.

The bank will now have three operating segments - asset and wealth management, global banking and markets, and platform solutions. Goldman Sachs outlined leadership changes for the new units, with Marc Nachmann becoming global head of the asset and wealth management division. In the consumer and wealth management business, Goldman saw revenue jump 18% to $2.38 billion in the quarter, reflecting higher demand for loans and higher fees from managing assets. Goldman said its consumer unit will be folded into two separate businesses - wealth management and the newly created platform solutions. The Platform Solutions unit will include GreenSky, the fintech lender Goldman bought in a $2.2 billion deal.

With this, Goldman Sachs wraps up earnings reports from big U.S. banks this quarter on a largely positive note. "A better-than-feared earnings season may well be the catalyst the market needs to see a break in the steady grind lower." Netflix (NFLX.O) added 2.4% ahead of reporting its earnings after markets close. The reversal of parts of a controversial UK fiscal plan that had roiled bond markets also aided sentiment. Toymaker Hasbro Inc (HAS.O) fell 1.3% upon posting a 28% fall in quarterly profit, highlighting that inflation-hit consumers were further discouraged by price hikes.

Pelosi's daughter, documentary filmmaker Alexandra Pelosi, captured the moment and many others on Jan. 6 in footage shot for HBO and first obtained by CNN. "Tell him if he comes here, we’re going to the White House," the speaker jokes, reacting to Trump's speech at the White House ellipse earlier in the day. The video at the hearing also showed Pelosi speaking to Virginia Gov. The footage also showed Pelosi speaking to Vice President Mike Pence by phone two separate times that day about how they could resume the certification of the 2020 election results. Pelosi and Trump had a highly strained relationship throughout his presidency, which included the moment in 2019 when she and other Democratic leaders walked out of a White House meeting with Trump after he had what Pelosi described as a "meltdown."

☆ Jan. 6 committee shows video footage of congressional leaders pleading for help during attack
▼ + stars: | 2022-10-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +5 min

WASHINGTON — The House select committee investigating the Jan. 6 insurrection presented previously unseen video Thursday of congressional leaders pleading for help from governors, the acting secretary of defense and the acting attorney general as rioters attacked the Capitol. The video montage began with House Speaker Nancy Pelosi, D-Calif., walking through the Capitol flanked by security guards at 2:23 p.m. The video from Thursday's hearing shows Pelosi and other congressional leaders repeatedly asking for help from law enforcement. Sen. Dick Durbin of Illinois, the Democratic Senate whip, appeared in another clip with leaders. "What we are being told very directly is it’s going to take days for the Capitol to be OK again," Pelosi told Pence.

Video showed Pelosi and Schumer, top Senate Republican Mitch McConnell, and Republican Senator John Thune calling the Department of Defense asking for military backup to help clear the Capitol complex. Register now for FREE unlimited access to Reuters.com RegisterPelosi and Schumer also called acting attorney general Jeffrey Rosen. The footage also showed Pelosi and top House Democrats being told that members of the House were pulling on gas masks. In the video, she said she planned to call Larry Hogan, governor of Maryland, about sending the National Guard from his state. Many of those present - including reporters and congressional staff - were in the Capitol during the Jan. 6 attack.

☆ Hong Kong hopes China Congress could revive economy, reverse IPO slump
▼ + stars: | 2022-10-13 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +3 min

HONG KONG, Oct 13 (Reuters) - Hong Kong dealmakers expect China's 20th Party Congress next week to herald a shift in focus in Beijing back towards business and economic issues that could help revive the city's IPO issuance from nine-year lows. Hong Kong only recently began its own reopening, relaxing its tough virus policies which have tarnished its credentials as a global financial centre. There has been just $9.28 billion worth of IPOs in Hong Kong this year, down from $37.1 billion in the same period in 2021, according to Refinitiv figures. Moreover, more than 80% of the IPOs in Hong Kong this year are trading under water since their debut, according to Dealogic data. Mainland Chinese IPOs have raised $54.12 billion, down 33% from $80.89 billion in the first three quarters of 2022, according to Refinitiv data.

☆ Pelosi, Schumer and McConnell huddled together in a secure location on January 6, calling Pence and Trump officials to help stop the violence
▼ + stars: | 2022-10-13 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

Congressional leaders huddled together in a secure location on January 6, according to new footage. Pelosi, Schumer, McConnell and others had called Pence and national security officials for more support. Schumer, Pelosi, McConnell, and other congressional leaders also huddled to ask for help and updates from the Defense Department as the hours went by. And let me say, you can logistically get people there as you make the plan," Pelosi said on the phone. Other members of Congress seen in the footage include Republicans House Minority Whip Steve Scalise and Senate Minority Whip John Thune.

☆ Maryland Gov. Larry Hogan takes aim at Biden and 'performative' DeSantis amid speculation he's eyeing a 2024 run
▼ + stars: | 2022-10-13 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Larry Hogan of Maryland criticized President Joe Biden and Florida Gov. Ron DeSantis during a recent speech in New Hampshire, amid growing speculation that he'll seek the White House in 2024. The Florida governor is up for reelection in November and hasn't said he's seeking the White House, but polling shows he's been edging onto Trump as a GOP favorite. Neither the White House nor the Florida governor's office responded to a request for comment before this story's publication. Should Hogan run for president he would join what is becoming a crowded field of GOP potential contenders.

Buying other companies is one option to help maintain its historical 20%-plus annual revenue growth, a person familiar with Amazon's deal process said. While Amazon doesn't necessarily prey on companies in trouble, the company is extremely price disciplined, the person familiar with Amazon's deal process told Insider. Bertucci has been a part of some of Amazon's largest transactions, including leading the MGM and One Medical deals. According to the person familiar with Amazon's deal process, Amazon only brings in investment banks when acquisitions reach roughly the $1 billion mark. Indeed, the One Medical deal alone could have netted Goldman and Morgan Stanley, which repped One Medical, in the tens of millions in fees.

☆ Nasdaq closes at 2-year low on Monday, hurt by slumping chip stocks
▼ + stars: | 2022-10-10 | by ( Carmen Reinicke | Alex Harring | ) www.nbcnews.com time to read: +5 min

Stocks closed lower on Monday with the Nasdaq Composite index falling to the lowest level in two years as tech shares continue to be the hardest hit in this bear market because of spiking interest rates. The Nasdaq Composite closed 1.04% lower at 10,542.10, hitting its lowest close since July 2020, weighed down by a slump in semiconductor stocks such as Nvidia and AMD. September Producer Price Index data comes Wednesday and Consumer Price Index data is scheduled for Thursday. The Nasdaq Composite closed 1.04% lower at 10,542.10, hitting its lowest close since July 2020, weighed down by a slump in semiconductor stocks such as Nvidia and AMD. September Producer Price Index data comes Wednesday and Consumer Price report is scheduled for Thursday.

Register now for FREE unlimited access to Reuters.com RegisterMajor U.S. banks are set to kick off the third-quarter earnings season in earnest on Friday, amid anxiety about the impact of inflationary pressures, rising interest rates and geopolitical uncertainties on their profit. Chicago Fed President Charles Evans on Monday joined the chorus of other central bankers backing the Fed's attempt to lower inflation without a sharp rise in unemployment even as it continues raising interest rates. read more read moreAt 9:53 a.m. Tech behemoths Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O) fell 0.9% and 1.5%, respectively, weighing down the S&P 500 technology sector index (.SPLRCT). The S&P index recorded one new 52-week high and 22 new lows, while the Nasdaq recorded 33 new highs and 200 new lows.

☆ GOP Gov. Larry Hogan called Republican governors DeSantis and Abbott busing migrants a 'terrible idea' and a stunt to 'get on TV'
▼ + stars: | 2022-10-09 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Larry Hogan criticized southern governors who have sent migrants to other states. Ron DeSantis and Texas Gov. Larry Hogan criticized Governors Ron DeSantis and Greg Abbott for their "terrible idea" of relocating migrants from southern states. Hogan added that DeSantis was inspired to fly migrants to northern states after Abbott started busing them in April. Abbott was doing it in Texas, he went to Texas and grabbed 50 people and sent them to Martha's Vineyard as a publicity stunt," Hogan said.

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