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John J. Kim | Tribune News Service | Getty ImagesDETROIT – United Auto Workers President Shawn Fain wants to expand the union's battle from the Detroit automakers to Tesla , Toyota Motor and other non-unionized automakers operating in the U.S. The UAW has previously failed to organize foreign-based automakers in the U.S. The UAW has previously discussed organizing Tesla's Fremont plant in California with little to no traction in those efforts. "Workers at Tesla, Toyota, Honda, and others are not the enemy — they're the UAW members of the future," Fain said. UAW President Shawn Fain marches with UAW members through downtown Detroit after a rally in support of United Auto Workers members as they strike the Big Three auto makers on September 15, 2023 in Detroit, Michigan.
Persons: Shawn Fain, John J, Kim, We've, Fain, Stellantis, we've, Ford, Bill Ford, Toyota Fain, Bill Pugliano, Tesla, Elon Musk, Musk, Tom Williams Organizations: United Auto Workers, UAW, Tribune, Service, Getty, DETROIT, Detroit, Tesla, Toyota Motor, U.S, General Motors, Ford Motor, Chrysler, Volkswagen, Nissan, GM, Ford, American, . ", Toyota, Honda, Bloomberg News, Bloomberg, CNBC, Cq, Inc Locations: Chicago, U.S, Fremont, California, Kentucky, Detroit, Detroit , Michigan, Fremont , California
Ukraine unveiled a new ground drone meant to attack Russian tanks. The drone, called Ratel S, is designed to move quietly and tackle harsh terrain. AdvertisementAdvertisementUkraine unveiled a new exploding ground drone designed to carry bombs and anti-tank mines into battle against Russia. X/@FedorovMykhailoFedorov said the drone can "blow up" Russia's tanks and equipment from a safe location. The Ratel drone passed its field tests and has been put into mass production, Fedorov said in a Telegram post .
Persons: , Honey, Brave1, Viktoriia Kovalchuk, Mykhailo Fedorov, @FedorovMykhailo Fedorov, Fedorov, Taras Ostapchuk, Ostapchuk Organizations: Service, Russia, Ukrainian, 120th Reconnaissance Battalion Locations: Ukraine, Ukrainian, Kyiv
The world needs affordable EVs more than ever as electric cars will play a big role in hcelping countries cut planet-heating pollution. “When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. It is by far the world’s biggest EV battery manufacturer and dominant in the supply and processing of many critical components needed to make the batteries. Global automakers have had little choice but to enter into joint ventures with Chinese EV and battery manufacturers. EU lawmakers have voiced concerns that government subsidies allow Chinese EV makers to keep prices artificially low, creating unfair competition for European rivals.
Persons: Henry Ford’s, carmaking, Jeff Kowalsky, , Gene Munster, Tesla, — Tesla, , Patrick Hummel, Krisztian Bocsi, Ford, “ It’s, ” Dan Ives, Bill Pugliano, Daniel Röska, Bernstein, China …, Marco Rubio, “ They’re, Bill Ford, CNN’s Fareed Zakaria Organizations: London CNN —, Ford Motor Company, Toyota, Volkswagen, United, Getty, Deepwater Asset Management, Volkswagen Group, Audi, Porsche, Chrysler, Jeep, Ford, General Motors, International Energy Agency, Honda, Renault, Nissan, Mitsubishi, Hyundai, Kia, Benz, BMW —, Investment, UBS, EV, Atlas Public, VW, Bloomberg, Reuters, Twitter, Stellantis, Wedbush Securities, CNN, United Auto Workers, Refining, Global, Republican, European Union, EU, Jato Dynamics Locations: Europe, United States, Dearborn , Michigan, AFP, China, Japan, South Korea, Asia, US, Germany, ” Munster, Munster, Lansing , Michigan, Michigan, Beijing, America
Ukraine appears to be repurposing and using Russian mines against Putin's forces. Video footage appears to show Ukraine dropping TM-62 anti-tank mines on Russian positions. Russian mines have been a significant obstacle to Ukraine's counteroffensive. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementAdvertisementUkraine appears to be repurposing Russian anti-tank mines and using drones to drop them on Russian forces. Video footage shared on X, formerly known as Twitter, claims to show a Ukrainian drone dropping a powerful grenade-fused TM-62 anti-tank blast mine on an enemy position.
Persons: Greg Crowther, GLOBSEC, Oleksii Reznikov Organizations: Ukraine, Service, CAT, Atlas Internazionale, TNT, Washington Post, Mines Advisory, United Nations, Guardian Locations: Ukraine, Wall, Silicon, Russian, Ukrainian, Atlas, Uruguay, Florida, Slovakia
Tokyo/Hong Kong CNN —Toyota will resume operations at its Japanese assembly plants Wednesday after a 24-hour stoppage caused by disruption to its finely-tuned supply chain. “It is our understanding that the malfunction of the system was not caused by a cyberattack. The system saves warehouse space and money but is vulnerable to disruption if any link in the chain is broken. Together, Toyota’s plants in Japan account for approximately a third of the automaker’s global production, according to Reuters calculations. Last year, Toyota was forced to shut down Japanese production after a cyberattack on one of its suppliers led to a system failure and a similar issue obtaining automotive parts.
Persons: Hong Kong CNN —, , Organizations: Hong Kong CNN, Hong Kong CNN — Toyota, ” Toyota, Toyota, Volkswagen Locations: Tokyo, Hong Kong, Japan
Here are the four main types of mines, how they work, and how they've impacted the war. Insider has looked at the four key types of landmines — broken down into two major groups — being used in the war, how they work, and the impact they've had on the conflict in Ukraine. In July, HRW said it had unearthed more evidence that Ukraine used the banned mines and has informed the Ukrainian government. Fragmentation minesFragmentation mines can be either bounding mines or ground mines. The Russia-Ukraine war has seen a variety of anti-tank mines used, including the PTM-1 and the TM-62M.
Persons: deminers, Vitaly V, HRW, OLEKSII FILIPPOV, Velyka Novosilka, Diego Herrera Carcedo, bobby, Bradley, Valery Zaluzhny, Zaluzhny Organizations: Service, The Times, German Army Combat Training, Blast, Rights Watch, Wikimedia, Getty, Anadolu Agency, HRW, DEL POZO, Washington Post Locations: Ukraine, Wall, Silicon, Russia, PMN, Ukrainian, Brovary, Kyiv, AFP, Mine
Ukraine has received various Western tanks, weapons systems, fighting vehicles, and armor. But Russia has often sidelined the assets with trenches, anti-tank mines, and fortified defenses. An expert told Insider the West's piecemeal rollout gave Russia time to adapt to each weapons system. Landmines, booby traps, and trip wires are a favorite Russian tactic, turning Ukraine's environment against Kyiv's own troops. To deal with Ukraine's mine clearers and sappers, Russia has stacked anti-tank mines to destroy de-mining equipment that can only handle so much explosive force.
Persons: George Barros, Thomas Alvarez, Joe Biden, They've, Abrams, Mykhailo Podolyak, Barros, Serhii, we've, Bradley, they're, Viktor Fridshon, Ritzau Scanpix, It's Organizations: Service, Russian, Ukraine, Institute for, M1A2 Abrams Tanks, 116th Cavalry Brigade Combat, Idaho Army National Guard, Orchard Combat Training, Pentagon, Getty, Ukrainian National Guard Locations: Ukraine, Russia, Wall, Silicon, Russian, Moscow, Soviet, Odesa, AFP
All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.
Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho
What lies beneath Land mines left by Russian forces in Ukraine pose a deadly threat to Kyiv's military - and civilians in liberated territory. On average, anti-vehicle mines caused more incidents with multiple fatalities than anti-personnel mines did. GICHD has documented at least 12 types of anti-personnel mines and nine types of anti-vehicle mines in use in Ukraine. Formerly occupied towns in Kyiv; Sumy, Chernihiv, Mykolaiv and Kharkiv oblasts all saw a large number of mines, especially anti-personnel mines, left in place, Mathewson said. Ukraine is a signatory to the 1997 Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on their Destruction, and had been destroying its anti-personnel mines when the war began.
Persons: Mark Hiznay, , Adam Komorowski, Tymur Pistriuha, Hiznay, PARM, GICHD, Andro Mathewson, , Komorowsi, Mick Ryan, Mathewson, Nacho Doce, Pistriuha, Komorowski, ” Ryan, Ryan, Jack Watling, Watling, ” Watling, demining Organizations: Russian, Reuters, HALO Trust, Human Rights Watch, Advisory, Geneva International Centre, Humanitarian, Ukrainian Deminers Association, Ukrainian, U.S . Army, Australian Army, REUTERS, HALO, Mines, Royal United Services Institute, United, Surveyors, State Emergency Service, Dnipro River’s Locations: Ukraine, Ukrainian, Russian, Russia, Zaporizhzhia, Donetsk, Eastern Europe, South America, Caribbean, Soviet Union, Afghanistan, Germany, Kharkiv, Zaporizhzhia oblast, Kherson, Iraqi, Kyiv, Sumy, Chernihiv, Mykolaiv, , Vuhledar, United Nations, Nova, Izium
SEOUL, July 27 (Reuters) - Samsung Electronics' (005930.KS) mobile chief said Samsung is "going in the right direction" in China, the world's largest mobile market, as it seeks to raise its lagging market share by boosting premium offerings and ties with local content firms. Third-party data shows the world's largest smartphone maker is making small gains in its single-digit market share in China, said TM Roh, head of mobile experience at Samsung Electronics. "We are making efforts to reach Chinese consumers with products that fit the China market, through software optimisation that fits the China market, and I think the results are coming out little by little," Roh told reporters this week. But by March, Samsung had recovered a 1.1% market share, according to Counterpoint data. Samsung, the world's largest smartphone maker, announces full second-quarter earnings later on Thursday.
Persons: Samsung, Roh, Joyce Lee, Bernadette Baum Organizations: Samsung Electronics, Samsung, Apple, Thomson Locations: SEOUL, China, India
A new photo shows Ukraine using an unmanned ground vehicle to plant a deadly anti-personnel mine. The photo, posted by OSINTtechnical, shows a MON-200 directional mine. The MON-200 is a thick, Soviet-made anti-personnel mine with a smooth concave front — as seen in the picture — that faces the target. It's a directional explosive, meaning the explosive force and the destructive fragments are propelled in a single direction when triggered. A video, also posted by OSINTtechnical, shows a minelaying vehicle remotely deploying TM-62 anti-tank mines.
Persons: OSINTtechnical Organizations: Service, Center for Naval Locations: Ukraine, Wall, Silicon, Ukrainian
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. The yen weakened 1.19% to 141.77 per dollar, while the dollar index , a measure of the greenback against major trading currencies, rose 0.31%. "None of them are happening with massive severity, but the longer we go on with higher rates, more and more that's going to come through," he said. BOJ policymakers prefer to scrutinize more data to ensure wages and inflation keep rising before changing yield control policy, five sources familiar with the matter said. "Markets were building up expectations which now look unlikely to play out," said Guillaume Paillat, a multi-asset manager at Aviva Investors.
Persons: Brendan McDermid, BoJ, Dow, Garrett Melson, Mullarkey, Patrick Spencer, Guillaume Paillat, Brent, Herbert Lash, Naomi Rovnick, Stella Qiu, Conor Humphries, David Holmes, Marguerita Choy, Cynthia Osterman Organizations: New York Stock Exchange, REUTERS, Fed, ECB, Reuters, Bank of Japan, U.S . Federal Reserve, European Central Bank, Nasdaq, Investment, Microsoft Corp, Apple Inc, SLC Management, Baird, Microsoft, Apple, NYSE, Aviva Investors, Treasury, Thomson Locations: New York City, U.S, Boston, London, MSCI's U.S, Europe, China, Sydney
Gold prices slipped as the dollar rebounded to its highest level in more than a week as investors prepare for next week's big central bank policy meetings, including the BoJ, the U.S. Federal Reserve and the European Central Bank. The yen weakened 1.13% to 141.68 per dollar, while the dollar index , a measure of the greenback against major trading currencies, rose 0.36%. BoJ policymakers prefer to scrutinize more data to ensure wages and inflation keep rising before changing yield control policy, five sources familiar with the matter said. The report added there was no consensus within the central bank and the decision could still be a close call. As Japanese inflation has stayed above the BoJ's target, traders have bet on the central bank ditching its yield curve control program, a move likely to cause the yen to strengthen.
Persons: Brendan McDermid, BoJ, Garrett Melson, Patrick Spencer, Spencer, you've, Guillaume Paillat, Brent, Herbert Lash, Naomi Rovnick, Stella Qiu, Conor Humphries, David Holmes, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Fed, ECB, Reuters, Bank of Japan, U.S . Federal Reserve, European Central Bank, Investment, Nasdaq, Baird, Microsoft Corp, Apple Inc, NYSE, Aviva Investors, Treasury, Thomson Locations: New York City, U.S, Boston, Europe, China, London
Meanwhile, the tech-heavy Nasdaq (.IXIC) lagged in the previous session as earnings reports from Tesla (TSLA.O) and Netflix (NFLX.O) failed to dazzle. The megacap electric automaker recovered 1.1% in premarket trading on Friday, while the streaming video company edged higher. The NYSE FANG+TM index (.NYFANG) that houses the megacap growth names also closed 4.6% lower in the previous session, notching its worst day so far in 2023. ET, Dow e-minis were up 13 points, or 0.04%, S&P 500 e-minis were up 11 points, or 0.24%, and Nasdaq 100 e-minis were up 73.75 points, or 0.47%. Reporting by Bansari Mayur Kamdar and Johann M Cherian in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Johnson, Powell, David Mericle, Goldman Sachs, Toymaker Mattel's, Morgan Stanley, Bansari Mayur Kamdar, Johann M, Shinjini Organizations: Mattel, Dow, Nasdaq, Johnson, Tesla, Netflix, NYSE, Dow e, American Express, Investors, Thomson Locations: Bengaluru
ORLANDO, Florida, July 20 (Reuters) - Chinese stocks have traded at a discount to global peers for over a decade but have rarely been cheaper than they are now. The fact that U.S. equities are more expensive than Chinese stocks is nothing new. At minimum, investors will need clearer evidence of a turnaround in China's economic and market conditions before moving back into its equities in any great size. The era of double-digit annual GDP growth looks to be over, and challenges are multiple and mounting. Nominal annual GDP growth of 4.8% in the second quarter was lower than real GDP growth of 6.3%, a huge deflation red flag.
Persons: Goldman Sachs, China's, Zhang Zhiwei, Zhang Dandan, Jamie McGeever, Jamie Freed Organizations: Nasdaq, NYSE, Monetary Fund, Citi, Bank of America, Societe Generale, Peking University, Wall, Reuters, Thomson Locations: ORLANDO, Florida, China, United States, U.S, Beijing, India
The tech-heavy Nasdaq (.IXIC) lagged Wall Street peers in the previous session as earnings reports from Tesla (TSLA.O) and Netflix (NFLX.O) failed to dazzle. The NYSE FANG+TM index (.NYFANG), that houses the megacap growth names, rose 0.5 on Friday, after falling 4.6% in the previous session and posting its worst day in 2023. American Express (AXP.N) fell 5.0% after the credit card giant missed quarterly revenue expectations and kept its forecast for full-year profit unchanged, which unnerved investors. SLB (SLB.N) shed 2.3% as the top oilfield services firm missed quarterly revenue expectations due to moderating drilling activity in North America. The S&P index recorded 26 new 52-week highs and no new lows, while the Nasdaq recorded 51 new highs and 22 new lows.
Persons: AmEx, Dow, Johnson, Hogan, Bansari Mayur Kamdar, Johann M, Shinjini Organizations: Dow, Nasdaq, Johnson, Riley, Tesla, Netflix, NYSE, Dow Jones, American Express, Investors, Thomson Locations: North America, Bengaluru
US-provided Bradleys keep Ukrainian troops alive, but still get knocked out by Russian defenses. Kyiv's troops have seen the benefits of the Bradley fighting vehicles, including agile maneuverability, fire power, and strong armor. Bradley infantry fighting vehicles are operated by a three-person crew — a driver, commander, and gunner. Supply lines for parts or replacement vehicles can also impact how many Bradleys Ukraine is able to use at a given time. The US agreed to give Ukraine 50 M2A2 Bradleys in January after Germany and France transferred other fighting vehicles to Kyiv's reserves.
Persons: Bradley, they're, they've Organizations: Bradley Fighting Vehicles, Washington Post, Service, The Washington Post, Brigade, Facebook, Ukraine Locations: Wall, Silicon, Ukrainian, Ukraine, Germany, France
July 21 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The regional data focus on Friday will be the latest consumer inflation figures from Japan. Core consumer inflation likely re-accelerated in June to a 3.3% annual rate from 3.2% the previous month, staying above the central bank's 2% target for the 15th straight month. In its mid-year review, the government expects overall consumer inflation to hit 2.6% for the fiscal year that began in April, up sharply from 1.7% projected in January. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Jamie McGeever, Thursday's, Dow Jones Industrials, Johnson, Kazuo Ueda, Janet Yellen, Josie Kao Organizations: Nasdaq, Netflix, Johnson, U.S, Treasury, Bank of Japan's, . Treasury, Thomson, Reuters Locations: Asia, Japan, South Korea, Vietnam
Morning Bid: Big Tech weighs in, UK relieved
  + stars: | 2023-07-19 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File PhotoJuly 19 (Reuters) - A look at the day ahead in U.S. and global markets from Mike DolanJuly is heating up and cooling down at the same time - and it's not just the extraordinary weather. Red-hot, Big Tech mega caps that have driven Wall St stocks to their highest in more than year start to clock second-quarter updates later on Wednesday, while world markets were buoyed again as Britain finally starts to join the disinflation club. Tesla and Netflix - both part of New York's 10-stock FANG+TM index (.NYFANG) of leading tech and digital giants that has almost doubled so far this year - will report after the bell on Wednesday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Mike Blake, Mike Dolan, it's, Goldman Sachs, Morgan Stanley, Tesla, Kinder Morgan, Baker Hughes, Bernadette Baum Organizations: REUTERS, Big Tech, Netflix, IBM, United Airlines, Halliburton, T Bank, Northern Trust, Zions Bancorp, US Bancorp, Citizens Financial, Nasdaq, Discover Financial, Steel Dynamics, U.S, Treasury, Reuters Graphics Reuters, Reuters, Thomson Locations: Los Angeles , California, U.S, Britain, New, United
The Hilton Honors American Express Card, Hilton Honors American Express Surpass® Card , and The Hilton Honors American Express Business Card are offering a higher number of points than usual, plus a Hilton free night award certificate valid at just about any Hilton hotel (worth as much as 150,000 points). Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged directly with hotels and resorts within the Hilton portfolio. Those bonus points worth $650 in travel, based on Insider's valuation of Hilton points as worth 0.5 cents each. Details Rewards Earn 12x Hilton Honors Points at Hilton per dollar for purchases made directly with hotels and resorts in the Hilton portfolio. The best Hilton card for you depends on your spending habits and how often you stay with Hilton.
Persons: Hilton, Conrad, Amex Hilton, Wells, We're, we've, Hilton Cons Organizations: Hilton, Conrad, Waldorf, Read, Service, Hilton Honors, Express, Hilton Honors American, Hilton Honors American Express, American, Honors American Express, Card Citi, Card, Target, Walmart, Citi, U.S, Honors, Chevron, Reading Chevron, Express Card, Honors American, Gold, Business, Diamond, Hilton Business, Jumeirah, eBay, Hilton Honors American Express Business, Honors American Express Business, Hilton Gold, Amex, Global, American Express Locations: Conrad Maldives, Wall, Silicon, U.S, City, Dubai
LONDON, July 5 (Reuters) - Dismissal of this year's much-scorned equity market rally as the frothy preserve of a handful of AI-fuelled stocks may be both misleading and also one of its strengths. Or, put another way, if you remove the top 10 stocks, the other 490 would only have gained 4%. And an eye-popping 75% surge in the high-octane 10-stock FANG+TM index (.NYFANG) - mega cap U.S. digital and tech stocks including Apple, Microsoft, Nvidia and Tesla - underlines that. In short, they're hard to avoid unless you dodge either U.S.-listed companies or equity markets altogether. "While stock market investments may be risky in the short run, when viewed against inflation they have offered far more certainty in the long run," he told clients.
Persons: Russell, Andrew Lapthorne, Japan's, Germany's DAX, Italy's, Duncan Lamont, Lamont, Mike Dolan, Mark Potter Organizations: Nasdaq, Apple, Microsoft, Nvidia, Tesla, H1 Stock, Japan's Nikkei, MIB, McKinsey, Bank, Big Tech, Reuters, Twitter, Thomson Locations: Europe, Japan, U.S, United States
Gary Black says the stock market will continue to trend higher with volatility this year. What the remainder of 2023 has in store for the stock market is anyone's guess at this point. But Gary Black, a 20-year fund manager, and the portfolio manager and managing partner at The Future Fund, has a more positive outlook. The next mega trend is big data and cyber security. mega trend losersOn the side of stocks being shorted, these are the companies that Black expects will lose market share due to these mega trends.
Persons: Gary Black, Phillip Wool, it's, Black, He's, cybertruck, Tesla, Elon Musk, Eli Lilly, Lilly, LULU, Armour Organizations: Federal, Federal Reserve, EV, Tesla, Company, Palo Alto Networks, Nvidia, Toyota, CNBC, Bloomberg, UA, MAX Holdings Locations: China's, overproducing
You can earn up to 200,000 Marriott points, but to unlock the most points you'll need to stay six nights at Marriott Bonvoy properties. Marriott Credit Card Offers: Earn up to 200,000 PointsTwo of these cards (the Marriott Bonvoy Brilliant® American Express® Card and Marriott Bonvoy Bevy™ American Express® Card) are from American Express, and two (the Marriott Bonvoy Boundless® Credit Card and Marriott Bonvoy Bold® Credit Card) are issued by Chase. Earn 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in Marriott Bonvoy® program. Award can be used for one night (redemption level at or under 85,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy®. 1K Bonus Points Per Stay: Earn 1,000 Marriott Bonvoy® bonus points per paid eligible stay booked directly with Marriott for properties participating in Marriott Bonvoy.
Persons: , Marriott, we've, We're, Chase, Regis, it's, you'll, You'll, you'd, Cardholders Organizations: Marriott, Orlando . Marriott, Service, American Express, American Express Marriott, Chase Marriott, Villas, Marriott Bonvoy, Marriott Vacation, Residence, Vacation, Westin Vacation, The Ritz, Carlton Club, Regis Residence Club, Ritz, Carlton, TSA, Global, TSA PreCheck, New Hampshire Insurance Company, AIG Company, Reading Chevron, American, Chevron, Business, Cardholders, Chase, Sapphire, United Airlines, Hyatt Locations: Grande Lakes, Orlando, Marriott, Marriott Bonvoy, St, Regis, U.S, Chevron, airfare
Right now though, the market has never been more top-heavy and the share of market constituents outperforming the broader index has never been lower. According to Ed Clissold at Ned Davis Research, the percentage of stocks outperforming the S&P 500 this year is just 24.5%. The percentage of S&P 500 stocks outperforming the index on a rolling three-month basis is just 20.3%, a record low. Clissold says that the S&P 500's one-year gain after periods of relative strength by a small group of large caps is an average 1.8%. These five stocks account for over a quarter of the S&P 500's $36.78 trillion market cap, and the top 10 account for a third of the total.
Persons: bode, Ed Clissold, Ned Davis, Meb Faber, Chuck Prince's, Cambria's Faber, Jamie McGeever, Andrea Ricci Organizations: NYSE, Barclays, Apple, Microsoft, Nvidia, Ned Davis Research, Reuters, Google, Cambria Investment Management, Citigroup, Thomson Locations: ORLANDO, Florida
It's not even midyear yet, but the full gamut of scenarios has been juggled in just five months. World markets have swung from "hard landing" fears of late 2022 to the "soft landing" hopes of the new year and then even unnerving thoughts of "no landing" at all - just before the banking stress hit of March forced them to return to square one. "The economy is more resilient than the market realizes," BlackRock's Chief Executive Larry Fink said on Wednesday, adding more interest rates rises will be necessary but that he saw no "evidence that we're going to have a hard landing." A "soft landing" typically relates to the ability of the Federal Reserve and other central banks to get inflation back close to 2% targets without crashing the economy into a deep contraction with surging unemployment via extreme rate rises. If correct - and not all agree - the prospect of a sustained return to 2% inflation targets would surely turn off the seatbelt sign.
Persons: Larry Fink, Willem Sels, Simona Mocuta, Mocuta, Mike Dolan, Lisa Shumaker Organizations: Federal Reserve, Reuters Graphics Reuters Graphics, HSBC Global Private Banking, Nasdaq, Street Global Advisors, Reuters Graphics Reuters, Reuters, Twitter, Thomson Locations: U.S, Wall, United States, Europe
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