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SAN FRANCISCO, Nov 10 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that she agreed with Chinese Vice Premier He Lifeng to "intensify communication" on economic issues but warned him to crack down on Chinese companies that give material support to Russia for its war in Ukraine. "During our discussions, we agreed that in-depth and frank discussions matter, particularly when we disagree," Yellen said. "And I emphasized that the current uncertain global landscape makes it particularly crucial that we maintain resilient lines of communication going forward." "We would like to see China crack down on this, especially when we're able to provide information," Yellen said. Discussing the Israel-Hamas war, Yellen spoke of the need "to prevent escalation and expansion of the conflict in the Middle East," the Treasury said in a statement.
Persons: Janet Yellen, Lifeng, Yellen, Joe Biden, Xi Jinping, Carlos Barria, Donald Trump's, Liao Min, Liao, Eric Beech, David Lawder, Ann Saphir, Andrea Shalal, David Ljunggren, Chizu Nomiyama, Andrea Ricci, Grant McCool, Christian Schmollinger, Simon Cameron, Moore Organizations: FRANCISCO, . Treasury, Economic Cooperation, Communist Party, Treasury, U.S, APEC, REUTERS, Industrial, Commercial Bank of, Finance, Ministry of Finance, Fund, Thomson Locations: Russia, Ukraine, San Francisco, Asia, China, RUSSIA, Israel, U.S, San Francisco , California, Commercial Bank of China, Washington, Beijing, United States
Wynn Resorts — The resort-and-casino stock dropped 7.3% as analysts focused on EBITDAR, which includes restructuring, tied to its operations in Macao. Plug Power — Shares of the clean energy company tumbled more than 34%, reaching a new 52-week low, after third-quarter earnings and revenue missed analysts' estimates. TKO Group — The WWE parent slid 7.9% after Executive Chairman Vince McMahon said he planned to sell 8.4 million shares. Treace Medical Concepts — Shares tumbled 40% after the medical device company missed third-quarter expectations and lowered its full-year revenue guidance. The company also cut revenue guidance for the year.
Persons: Vince McMahon, Treace, Freyr, Wells, Synaptics, LSEG, Vera Therapeutics, Vera, , Sarah Min, Hakyung Kim, Pia Singh Organizations: Wynn Resorts, Diageo —, Diageo, RBC, JPMorgan, WWE, Wall, Analysts, Jefferies Locations: billings, Macao, America, Caribbean, Wells Fargo, Hawaii
HONG KONG (AP) — Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect Saturday's annual Singles’ Day online retail extravaganza. Singles Day, also known as “Double 11,” was popularized by e-commerce giant Alibaba. Shoppers spent $38 billion in 24 hours on Alibaba’s e-commerce platforms during Singles’ Day in 2019. “The hype and excitement around Singles’ Day is sort of over," said Shaun Rein, founder and managing director of Shanghai-based China Market Research Group. “I just feel that people don’t spend as much as before, possibly because they don’t have much to spend,” she said.
Persons: , Shi Gengchen, Shi, Shaun Rein, Rein, keener, Hu Min, Alibaba’s Tmall, ” Jacob Cooke, ” Cooke, Yu Bing Organizations: — Shoppers, Bain & Company, Shoppers, China Market Research, Consumers, WPIC Locations: HONG KONG, China, Chaoyang, COVID, Shanghai, Shijiazhuang, China's Hebei, China's, Beijing
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Persons: It's, Apex Crypto, It’s, Tessa Campbell, Read Organizations: Forbes, Robinhood, CFP, Invest, Trade, Ideas, Finance, New, Apex, M1 Finance
Myanmar's junta leader General Min Aung Hlaing, who ousted the elected government in a coup on February 1, 2021, presides over an army parade on Armed Forces Day in Naypyitaw, Myanmar, March 27, 2021. "This is the weakest the Tatmadaw has been since the coup," the diplomat said, referring to Myanmar's military and asking not to be named. Maung Saungkha, leader of the Bamar People's Liberation Army, which contributed troops to the offensive, told Reuters the rebel alliance had spent more than a year preparing to take on the better-armed military. CHINA'S SHADOWSo far, rebel troops have faced unexpectedly weak opposition from the military, according to analysts and resistance leaders who spoke to local media. In a statement announcing the operation, the alliance said they intended to remove those enclaves, which they said were protected by the junta.
Persons: General Min Aung Hlaing, Stringer, Maung Saungkha, Nobel, Aung, Suu Kyi, Min Aung, Richard Horsey, Simon Cameron, Moore Organizations: Armed Forces, REUTERS, Junta, United States Institute of Peace, United Nations, Liberation Army, Reuters, National Unity Government, Arakan Army, Myanmar National Democratic Alliance Army, National Liberation Army, Crisis, Thomson Locations: Naypyitaw, Myanmar, BANGKOK, China, Myanmar's, Shan, Beijing, Suu, Sagaing, Arakan
Affirm posted $496.5 million in revenue, more than the $444.5 million consensus estimate, according to FactSet. It posted adjusted per-share earnings of $8.03, greater than the consensus estimate of $7.55, according to FactSet. The media conglomerate expanded its cost-cutting measures by $2 billion, and reported stronger-than-expected adjusted earnings for the fiscal fourth quarter. Becton, Dickinson and Company — Shares dropped more than 8% after Becton, Dickinson and Company reported disappointing quarterly earnings. The medical technology company posted adjusted earnings of $3.42 per share, lower than the $3.43 per share anticipated by analysts polled by LSEG, formerly Refinitiv.
Persons: Duolingo, Valaris, FactSet, Dickinson, Krispy Kreme, Amylyx, CNBC's Lisa Han, Alex Harring, Hakyung Kim Organizations: . Virgin Galactic Holdings, TransDigm, — Aerospace, TransDigm Group, Disney —, Disney, Barclays, Arm, Company, LSEG, Revenue, AMC Entertainment, Pharmaceuticals
Investor Sarat Sethi shared his stock picks to position for a higher-for-longer interest rate environment. Additionally, Sethi favors Uber Technologies over Lyft , saying the former's "capital allocation has been fabulous." The managing director said he favors Uber Technologies' positive cash flow , which it reached for the first time this year, as well as its brand and international footprint. "In an environment where rates are where they are, you're not getting a free call option for just growth without any cash flow." "The market hates this at this point, but if you get great capital allocation story success, seven times forward cash flow, it hasn't been this cheap in over a decade."
Persons: Sarat Sethi, Morgan Stanley, Sethi, Ted Pick, James Gorman, Uber, Lyft Organizations: Douglas, Lane & Associates, Technologies, Communications
Before the mayhem of Monday's home defeat against Chelsea, Wolves away would have been viewed as another opportunity for Tottenham to underline their top-four credentials. But that 4-1 reverse, Postecoglou's first setback in the Premier League, could cost the north London club more than a return to top spot and the loss of three points. A tumultuous derby ended with Tottenham having only four of their starting line-up left on the pitch. A home game against City will perhaps say a lot more about whether or not Chelsea have turned a corner. Former midfielder Paul Scholes believes Ten Hag still has some credit left in the bank after last season when United finished third in the Premier League and won the League Cup.
Persons: Ange Postecoglou, Postecoglou's, Cristian Romero, Micky van de Ven, Udogie, James Maddison, Richarlison, Nicolas Jackson, Postecoglou, That's, Son Heung, Victory, Jackson, Mauricio Pochettino's, Chelsea, Manchester, Erik Ten Hag, Rasmus Hojlund's, Paul Scholes, He's, Scholes, Martyn Herman, Pritha Sarkar Organizations: Tottenham Hotspur, Wolverhampton Wanderers, Chelsea, Wolves, Tottenham, Premier League, Aston Villa, Manchester, Manchester City, City, Stamford, Luton Town, Manchester United's, Fulham, FC Copenhagen, Champions League, Luton, United, League, Arsenal, Burnley, Saturday, Liverpool, Brentford, Thomson Locations: London, Manchester City, Saturday's, Manchester, Chelsea
Virgin Galactic posted a loss of 28 cents per share, versus the 43 cents per share loss expected by analysts polled by LSEG. Krispy Kreme — Shares of the donut maker dropped 4.8% after the company fell short of expectations on earnings and revenue. Krispy Kreme reported earnings of 3 cents per share on revenue of $407 million, while analysts polled by LSEG expected earnings of 6 cents per share on $414 million in revenue. The ridesharing company reported third-quarter bookings of $3.55 billion, lower than the $3.90 billion anticipated by analysts polled by FactSet. Earnings came out at $3.42 per share, while analysts polled by LSEG had called for $3.43 per share in earnings.
Persons: Virgin Galactic, Krispy Kreme, LSEG, Goldman Sachs, FactSet ., , Bud, Dickinson, Wall, FactSet, CNBC's Hakyung Kim, Jesse Pound, Sarah Min, Lisa Kailai Han Organizations: Galactic, Virgin Galactic, LSEG . Revenue, Virgin, Disney —, Disney, ESPN, , ISI, Barclays, Apellis Pharmaceuticals, FactSet, Arm, Anheuser, Busch InBev —, HSBC, Busch, Company Locations: U.S
Everyone is going bankrupt
  + stars: | 2023-11-09 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . WeWork, the real-estate company that cosplayed as a tech startup, filed for Chapter 11 bankruptcy this week. AdvertisementAdvertisementBut one Wall Street veteran believes WeWork will be the first of many companies to succumb to a similar fate. 3 things in marketsANGELA WEISS / Getty ContributorCan the stock market keep this momentum going?
Persons: , AFTRA, Tesla, Brooks Kraft, It's, WeWork, David Trainer, Jennifer Sor, Insider's Vishal Persaud, Katie Notopoulos, Adam Neumann, we've, ANGELA WEISS, Jeff Gundlach, OpenAI's, Google's Bard, Min, Uber, Travis Kalanick's, Matthew Tortoriello, Sherrod Brown, Malte Mueller, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, SAG, Hollywood, Tech, Google, Brooks Kraft LLC, Getty, Wall, P, Bank of America, Wall Street, Nasdaq, ExxonMobil, Tesla, Apple, Brooks, Amazon, YouTube, NFL, News Corp, Sony Locations: French Montana, New York City, San Diego, London, New York
The S & P 500 surged by 5.85% last week, its best weekly performance going back to November 2022. .SPX 3M mountain S & P 500 But a number of market participants are concerned the rally has more to do with short covering. Of those instances, the S & P 500 was down five days after the move, by more than 1% on both an average and median basis. Commodity trading advisors also accelerated short covering, notably turning short in the front end, according to a Bank of America note on Monday. Elsewhere, Citi's Chris Montagu said S & P 500 futures positioning remains "moderately bearish" following the short-covering rally.
Persons: Chris Senyek, Senyek, Goldman Sachs, BTIG's Jonathan Krinsky, Krinsky, Citi's Chris Montagu, Montagu, Wolfe Research's Senyek Organizations: Wolfe Research, Nasdaq, Bank, America, Federal
South Korea's Yoon to Attend APEC Summit, Visit Europe
  + stars: | 2023-11-08 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +1 min
SEOUL (Reuters) - South Korean President Yoon Suk Yeol will attend the APEC summit in San Francisco on Nov. 15-18, Yoon's office said on Wednesday. After the U.S. trip, Yoon is set to pay a state visit to Britain on Nov. 20-23 following an invitation from King Charles and visit France on Nov. 23-26 as part of efforts to bolster support for hosting the 2030 World Expo, Yoon's deputy national security adviser Kim Tae-hyo said. The host country for the 2030 expo is expected to be decided this month by a vote of the member states of the International Bureau of Expositions, the expo organising body. Yoon will also visit the Netherlands on Dec. 12-13 following an invitation from King Willem-Alexander, local media reported, in what would be the first state visit by a South Korean president since the countries established diplomatic ties in 1961. (Reporting by Soo-hyang Choi, Ju-min Park; Editing by Ed Davies)
Persons: Yoon Suk, Yoon, King Charles, Kim Tae, hyo, King Willem, Alexander, Soo, hyang Choi, Ed Davies Organizations: APEC, International, South Locations: SEOUL, San Francisco, U.S, Britain, France, Paris, Netherlands, South Korean
Upstart Holdings — Stock in the artificial intelligence lending platform tumbled more than 26% after missing third-quarter sales and earnings estimates. Biogen — Stock in the biotech company fell more than 4% after third-quarter sales and earnings topped analysts' estimates. Boston-based Toast lost 9 cents per share, while analysts were expecting earnings of 10 cents per share, according to LSEG. Robinhood — The trading platform fell more than 14% after missing revenue estimates in the third quarter. Uber was down almost 1% after the company posted third-quarter results that missed sales and earnings estimates.
Persons: Berkshire Hathaway —, Rivian, Roblox, LSEG, StreetAccount, Robinhood, Uber, Jesse Pound, Yun Li, Pia Singh, Alex Harring, Lisa Han, Tanaya Macheel, Sarah Min Organizations: , FactSet, Reata Pharmaceuticals, Occidental Petroleum —, Berkshire, Occidental, Wall, LSEG, Warner Bros, HBO, Food Network, eBay Locations: Houston, Boston
SEOUL, Nov 8 (Reuters) - Operations at Kia Corp's (000270.KS) assembly plant in South Korea have been suspended due to disruptions in parts supplies, the carmaker said on Wednesday. Poongki Industrial Co Ltd, a Kia supplier that makes chassis parts, suffered a fatal accident that resulted in the death of one worker on Tuesday and halted its own operations, causing supply disruptions at Kia's plant, a Kia spokesperson said. Labour authorities are investigating the accident, putting a halt to forklift truck operations at the Kia supplier's factory, a labour ministry spokesperson said. Kia is checking on alternative sources for Poongki's components, according to the Kia spokesperson. The plant located in the southwestern city of Gwangju produces about 2,000 vehicles a day, according to media reports.
Persons: Kia Corp's, Poongki, Kia, Lee Jae, Heekyong Yang, Ed Davies Organizations: Kia, Poongki Industrial Co Ltd, Labour, Eugene Investment, Securities, Thomson Locations: SEOUL, South Korea, Gwangju
Lyft — Shares gained 2.9% ahead of the rideshare company's earnings set for release postmarket Wednesday. Analysts surveyed by FactSet's StreetAccount expect 15 cents per share in earnings on revenue of $1.14 billion, while Lyft's past guidance forecast revenue to come in between $1.13 billion and $1.15 billion. eBay — Shares tumbled 6.8% after the online marketplace offered weak guidance for revenue in the current quarter and full year. Otherwise, eBay beat analyst estimates for third quarter earnings per share, while revenue for the period matched the consensus LSEG forecast. Robinhood Markets — Shares dropped 9% after Robinhood reported disappointing third-quarter revenue.
Persons: FactSet's StreetAccount, Goldman Sachs, Robinhood, Estee Lauder —, TD Cowen, Alex Harring, Sarah Min, Michelle Fox Theobald Organizations: eBay, Warner Bros, HBO, Food Network, Network, Studios, Networks, Disney, ESPN Locations: China
Soccer Football - Premier League - Tottenham Hotspur v Crystal Palace - Tottenham Hotspur Stadium, London, Britain - May 6, 2023 Tottenham Hotspur's Son Heung-min applauds fans after the match REUTERS/Andrew Couldridge Acquire Licensing RightsNov 8 (Reuters) - A visiting supporter was given a three-year football ban for making a racist gesture towards Tottenham Hotspur forward Son Heung-min, the club said on Wednesday. The incident occurred during Tottenham's 1-0 home win over Crystal Palace in May. The spectator, who pleaded guilty, was originally sentenced to 60 hours of community service and fined. But police appealed the original sentence after Tottenham raised leniency concerns, leading to the banning order. Reporting by Chiranjit Ojha in Bengaluru, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.
Persons: Tottenham, Son Heung, Andrew Couldridge, Chiranjit, Pritha Sarkar Organizations: Soccer Football, Premier League, Tottenham Hotspur, REUTERS, Crystal Palace, Thomson Locations: London, Britain, Bengaluru
It's time to pick positions in bank stocks heading into year end as peak rates could be a "mini clearing event" for the sector, according to Bank of America. "While we are careful to not [get] carried away, peak interest rates do have potential to serve as a mini clearing event for bank stocks," BofA's Ebrahim Poonawala wrote in a Sunday note. Regional banks are down by 27% this year, and have continued to face intense scrutiny due to their exposure to commercial real estate. "Best case, peak rates could mark near term bottom in bank stocks vs. S & P." To be sure, there remain issues in the sector. Bank stocks are highly tied to the broader economy and their loans could take a hit if the U.S. falls into a recession.
Persons: BofA's Ebrahim Poonawala, JPMorgan Chase, KRE, Poonawala, NIM, it's, Bryn Talkington, Talkington, Morgan Stanley, Bill Gross, Gross Organizations: Bank of America, Bank, Citigroup, JPMorgan, Regional Banking, P Bank, Federal Reserve, Capital Management, West Bancorp, Truist Financial, Citizens, Apple Locations: Wells Fargo, U.S
CNN —Five goals, as many overturned or disallowed, two red cards, and 21 minutes of stoppage time: those are just some of the numbers behind what was a wild and chaotic English Premier League game between Tottenham Hotspur and Chelsea. Spurs battled hard and deployed a seven-man high line in defense, which appeared to perplex Chelsea until Raheem Sterling got in behind and teed up Jackson to make it 2-1. We were very close to getting that equalizer a couple of times.”Ultimately, Spurs paid for their poor discipline. Jackson puts Chelsea ahead against Tottenham. Tony Obrien/Reuters“It was an amazing game,” Chelsea manager Mauricio Pochettino, facing his former club for the first time since leaving Tottenham four years ago, told Sky Sports.
Persons: Gary Neville, , Jamie Carragher, ” Nicolas Jackson’s, Cristian Romero, Destiny Udogie, perplex Chelsea, Raheem Sterling, Jackson, Nicolas Jackson, John Walton, Eric Dier, Bentancur, Son Heung, Min, Conor Gallagher, Guglielmo Vicario, , Ange Postecoglou, “ You’re, “ I’m, Dejan Kulusevski’s, Chelsea, Moisés Caicedo, Romero, Enzo Fernández, Caicedo’s, Cole Palmer, Udogie, Gallagher, Tony Obrien, ” Chelsea, Mauricio Pochettino Organizations: CNN, English Premier League, Tottenham Hotspur, Chelsea, Sports, Spurs, ” Spurs, Sky Sports, Sterling, Postecoglou, Tottenham, Reuters, Premier League, Manchester City Locations: Senegal
Uber — Shares of the ride hailing company rose 2% after Uber's third-quarter gross bookings of $35.3 billion topped the company's guidance of $29 billion to $30 billion. Planet Fitness — The gym chain climbed 8.8% after beating expectations on both lines for the third quarter and raising its outlook for the year. Planet Fitness reported 59 cents in earnings per share, excluding items, and $277.6 million in revenue. Analysts surveyed by FactSet anticipated 55 cents in earnings per share on revenue at $268.2 million. It also cut its price target on Peloton to $4 from $13 per share, implying about 20% downside from Monday's close.
Persons: FactSet, Tripadvisor, Coterra, Sanmina, DigitalOcean, Goldman Sachs, , Yun Li, Jesse Pound, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: UBS —, UBS, Credit Suisse, LSEG, Energy, , Deutsche Bank Locations: Switzerland
McConnell said he is aligned with Biden's “comprehensive approach” to funding Ukraine, Israel and other regions, but Republicans are “very serious” about including the border changes. “What we saw from Senate Republicans is not a serious piece of legislation," press secretary Karine Jean-Pierre said. House Republicans are veering dramatically from the agreement Biden and McCarthy struck earlier this year to set spending levels. House Republicans are cutting money for most departments except the Pentagon, while the Senate also boosts defense and has shifted some resources. The House Republicans spent most of last month struggling to elect a new speaker before settling on Johnson.
Persons: Mike Johnson, Kevin McCarthy, ” Johnson, , Johnson, Joe Biden's, , Chuck Schumer, I've, Mitch McConnell, Kentucky, Biden, Janet Yellen, McConnell, Karine Jean, Pierre, Donald Trump, Sen, Patty Murray, Vladimir Putin, Putin, Chris Murphy, Conn, McCarthy, Kelly Armstrong, Kevin Freking, Seung Min Kim, Mary Clare Jalonick Organizations: WASHINGTON, Republican, Ukraine, Russia, New, Republicans, GOP, Democrats, Senate, Senate Republican, U.S ., Pentagon, Freedom Caucus, Associated Press Locations: Israel, Ukraine, Asia, Pacific, Russia, U.S, Mexico, Kyiv, Johnson, North Dakota
Revenue was $547.5 million, topping the $524.7 million expected. Planet Fitness — Shares rallied 12.4% after the gym chain topped expectations for both earnings and revenue for the third quarter. Vivid Seats beat analysts' expectations for third-quarter revenue, while also offering strong guidance on the measure for 2023 and 2024. Tripadvisor — Shares of the travel website operator jumped 9.5% after the company beat third-quarter earnings and revenue expectations. Hims & Hers Health also raised its full-year guidance and announced a $50 million share repurchase program.
Persons: Max —, Morgan Stanley, Max, StreetAccount, Tripadvisor, Sanmina, Goldman Sachs, D.R, Horton —, — CNBC's Pia Singh, Tanaya Macheel, Sarah Min, Alex Harring, Jesse Pound Organizations: StreetAccount, Revenue, National Association of Realtors, BioMarin Pharmaceutical, Reuters, Elliott Investment Management, BioMarin, Air Products, Chemicals, UBS, Credit Suisse Locations: Swiss
Destiny Udogie was shown a second yellow card 10 minutes after the break leaving the home side hanging on for a point. Australian Postecoglou said his first Premier League defeat was hard to analyse. BEST STARTTottenham have enjoyed their best start to a top-flight season since 1960 with Postecoglou the first manager to go unbeaten in his first 10 Premier League games. Chelsea were chasing shadows initially and were relieved when Son's effort was ruled out for offside. Minutes later Chelsea's Moises Caicedo drove a low shot home through a crowd but that was ruled offside and confirmed by VAR.
Persons: Chelsea's Nicolas Jackson, Reece James, Moises Caicedo REUTERS, Tony Obrien, Tottenham Hotspur's, Nicolas Jackson, Mauricio Pochettino, Chelsea, Dejan Kulusevski's, Son Heung, Chelsea scuppered, Cristian Romero, Cole Palmer, Micky van de, James Maddison, Udogie, Jackson, Eric Dier, Son, Robert Sanchez, Ange Postecoglou's, Postecoglou, we're, I'm, Kulusevski's, Levi Colwill, wrongfoot Sanchez, Raheem Sterling, Romero, Colwill, Moises Caicedo, Michael Oliver, Enzo Fernandez, Maddison, Van de, Pochettino, Martyn Herman, Ken Ferris Organizations: Soccer Football, Premier League, Tottenham Hotspur, Chelsea, Tottenham, Spurs, Manchester City, BEST, Argentina, Sterling, Thomson Locations: London, Britain, Chelsea's, Sterling's, Senegal
Most Americans still have to commute every day. Jenn Ackerman for The New York TimesLike a majority of Americans, Ms. Hargreaves was unable to do her work at home. Source: American Community Survey Note: Average commute length for 2020 is not included. The average commute distance changed much less, an indication that commuters are driving faster — but also, more people are driving. “A lot of our choice riders, we're still working to influence them to re-choose transit,” Ms. Tucker said.
Persons: Torie Hargreaves, Jenn Ackerman, Hargreaves, Ms, That’s, Andrea Villanueva, Villanueva, The New York Times “, ” Christopher Wiese, Dr, Wiese, “ There’s, , Patricia Mokhtarian, John Goodwin, Rosalind Tucker, we're, Tucker, Aimee Lee, Lee Organizations: Atlanta Washington San, Mo . Chicago Minneapolis New, Mo . Chicago Minneapolis New York City Los Angeles Philadelphia Columbus Denver, The New York Times, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle Washington Midnight, Georgia Institute of Technology, Census, New York City –, Philadelphia –, Angeles –, Francisco –, Boston –, Seattle –, Chicago –, Denver –, Kansas City –, Miami –, Houston –, Minneapolis –, Washington –, Austin –, Dallas –, Atlanta –, Charlotte –, Columbus –, Nashville –, Detroit –, BART, area’s Metropolitan Transportation Commission, Labor Department, Atlanta Regional Commission, Lifeline, Chicago Metropolitan Agency for Planning, Regional Transit Authority, % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Locations: Atlanta Washington San Francisco Boston Kansas City, Mo . Chicago Minneapolis, Mo . Chicago Minneapolis New York, Minneapolis, postpandemic, Atlanta, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle, South Minneapolis, North Minneapolis, Boston, Chicago , Kansas City, San Francisco, Washington, New York, Francisco, area’s
Stocks will try to maintain their upward momentum next week after a strong start to November, with Treasury yields falling from their highs and investors betting the Federal Reserve may well be done raising interest rates. Those gains came after the Fed kept rates unchanged for a second straight meeting, and as bond yields tumbled. Earnings and economic data Of course, investors will absorb some notable data next week. "Bond yields are the primary concern for investors and what drives bond yields are supply and demand," Stovall said. Initial Claims (11/04) Earnings: Wynn Resorts Friday, Nov. 10, 2023 10 a.m. Michigan Sentiment preliminary (November) 2 p.m. Treasury Budget (October)
Persons: Stocks, Sam Stovall, Stovall, FactSet, D.R, Horton, Jerome Powell, he's, they've, Dave Sekera, Cook, John Williams, Sekera, you've, Erika H, James, Ralph Lauren, Warner Organizations: Treasury, Reserve, Nasdaq, Fed, Stock Traders, International Monetary Fund, Morningstar Research Services, Duke University, New York Federal Reserve, Duke University ,, Economic Club of New, Harvard Club, Consumer Credit, Occidental Petroleum, eBay, Air Products, Chemicals, DC, Walt Disney Company, MGM Resorts International, Warner Bros, Wynn Resorts, Treasury Budget Locations: Michigan, U.S, Washington ,, Duke University , Durham, N.C, Economic Club of New York, Horton, Washington, a.m
The yield on the 2-year Treasury was up by 1 basis point at 4.985%. Meanwhile, the 10-year Treasury yield was down by 2 basis point at 4.645%. Throughout the week, the benchmark Treasury yield has come off recent highs that at times saw it trade above the 5% mark. The 2-year Treasury yield ticked higher Friday as investors looked to the October jobs report for hints about whether the labor market is easing, and digested the outlook for interest rates. October's jobs report is due Friday, with economists surveyed by Dow Jones expecting nonfarm payrolls to have risen by 170,000, up from 336,000 in September.
Persons: Dow Jones, nonfarm payrolls, Jerome Powell Organizations: Treasury, Investors, Federal
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