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☆ Stocks making the biggest moves premarket: Qualcomm, Tesla, Hostess and more
▼ + stars: | 2023-09-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Alibaba — Shares lost 1% after outgoing CEO Daniel Zhang unexpectedly quit its cloud business. In June, the company had said Zhang was leaving as chairman and CEO of Alibaba Group to focus on the cloud intelligence unit. Qualcomm — The semiconductor stock jumped 7.4% premarket after saying Monday it will supply Apple with 5G modems for smartphones through 2026. The Wall Street firm said the slide in the Band-Aid maker has created an attractive entry point. The Wall Street firm called software and services revenue the "biggest value driver" for Tesla.

Persons: Alibaba —, Daniel Zhang, Zhang, Tesla, Morgan Stanley, —, Smucker, Alex Harring, Hakyung Kim, Michelle Fox Theobald, Samantha Subin, Sarah Min, Kif Leswing Organizations: Tenable Holdings, JPMorgan, Alibaba Group, Qualcomm, Apple, Deutsche Bank, Oracle, Hostess Brands, Meta, Wall Street

☆ Elon Musk confirms he and Grimes have a third child
▼ + stars: | 2023-09-11 | by ( Jack Guy | ) edition.cnn.com time to read: +1 min

CNN —Elon Musk has confirmed that he and former partner Grimes have a third child together – and its name is just as unusual as its siblings’. The child is called Tau Techno Mechanicus, the technology billionaire wrote in a post on X (formerly Twitter) on Sunday. Musk, who owns the social network, was responding to a post from entertainment news account Pop Base, which named his and Grimes’ three children as “X Æ A-Xii, Exa Dark Sideræl Musk, Techno Mechanicus.”The child’s existence had been kept a secret until recently. Grimes and Musk previously welcomed a son named X Æ A-Xii in May 2020. “USA birth rate has been below min sustainable levels for ~50 years,” Musk wrote on Twitter in May 2022.

Persons: CNN — Elon Musk, Grimes, –, Musk, Grimes ’, Claire Boucher –, “, ” Grimes, Devin Gordon, Griffin, Vivian, Damian, Saxon, Kai –, ” Musk, ” Organizations: CNN, Twitter Locations: Canadian

The 10-year U.S. Treasury yield rose Monday as investors awaited key economic data due this week that could provide additional clues about the outlook for interest rates. The yield on the 10-year Treasury was up by four basis points to 4.298%. The 2-year Treasury yield was last trading about flat at 4.993%. Fed futures put the chance of the Fed staying put on Sep. 20 at 93% following the report, according to the CME FedWatch tool. Whether the Fed hikes again this year is up in the air, the WSJ report said.

Organizations: Treasury, Street, Federal Reserve

☆ Myanmar Receives First Shipment of Russia's Su-30 Fighter Jets - RIA
▼ + stars: | 2023-09-10 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Myanmar has received the first shipment of two Russian Su-30 fighter jets, Charlie Than, Myanmar's trade minister, told the Russian RIA state news agency in remarks published on Sunday. "Two aircraft have already been delivered," Than told RIA on the sidelines of the Eastern Economic Forum, Russia's annual forum aimed at developing economic cooperation in the region and encouraging foreign investment, which starts on Sunday in the port of Vladivostok. Russia and Myanmar signed a contract in September 2022 for the delivery of six Su-30SME fighter jets, RIA said. The Sukhoi Su-30SME multi-role fighter jet is designed for enemy's aerial targets engagement, aerial reconnaissance, combat employment and pilot training, according to Rosoboronexport, Russia's state-controlled arms exporter. Russia's defence minister and top diplomat have visited Myanmar, while junta chief Min Aung Hlaing has been to Russia several times since 2021 and was given an honorary doctorate.

Persons: Charlie Than, Sukhoi Su, Min Aung Hlaing, Lidia Kelly, Muralikumar Anantharaman Organizations: Reuters, Eastern Economic, RIA, Russian TASS, East Economic, United Locations: Myanmar, Russian, Vladivostok, Russia, Rosoboronexport, Russia's, United States, Melbourne

☆ Myanmar receives first shipment of Russia's Su-30 fighter jets - RIA
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +2 min

Visitors walk near a model of the Sukhoi Su-30SME multirole fighter at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 23, 2019. REUTERS/Pascal Rossignol/file photo Acquire Licensing RightsSept 10 (Reuters) - Myanmar has received the first shipment of two Russian Su-30 fighter jets, Charlie Than, Myanmar's trade minister, told the Russian RIA state news agency in remarks published on Sunday. "Two aircraft have already been delivered," Than told RIA on the sidelines of the Eastern Economic Forum, Russia's annual forum aimed at developing economic cooperation in the region and encouraging foreign investment, which starts on Sunday in the port of Vladivostok. Russia and Myanmar signed a contract in September 2022 for the delivery of six Su-30SME fighter jets, RIA said. The Sukhoi Su-30SME multi-role fighter jet is designed for enemy's aerial targets engagement, aerial reconnaissance, combat employment and pilot training, according to Rosoboronexport, Russia's state-controlled arms exporter.

Persons: Sukhoi Su, 30SME, Pascal Rossignol, Charlie Than, Min Aung Hlaing, Lidia Kelly, Muralikumar Organizations: International Paris Air, Le, REUTERS, Eastern Economic, RIA, Russian TASS, East Economic, United, Thomson Locations: Le Bourget, Paris, France, Myanmar, Russian, Vladivostok, Russia, Rosoboronexport, Russia's, United States, Melbourne

Along with ramping up its domestic arms production, Moscow is turning to an old ally with a vast arsenal — North Korea. That would be a remarkable reversal from the 1950-53 Korean War, when the Soviet Union provided the communist North with weapons and ammunition. Shoigu became the first Russian defense chief to visit North Korea since the 1991 collapse of the Soviet Union. “Russia is hoping that North Korea could swiftly establish support channels to provide it with war materials like ammunition, bombs and other supplies,” Hong said. U.S. officials have cast Moscow’s reach for North Korean weapons as a reflection of Russian military problems.

Persons: Kim Jong, Vladimir Putin, Sergei Shoigu, Putin, Kim Jong Un, ”, Alexander Gabuev, Shoigu, Kim, Dmitry Peskov, ” Kim, Hong Min, Hong, Wagner, Jake Sullivan, ” Sullivan, embolden Kim, Dmitry Medvedev, “, Emma Burrows, Kim Tong Organizations: United, North, Soviet Union, Russian Defense, Carnegie Russia Eurasia Center, Kremlin, Moscow, Korean People’s Army, Seoul’s Korea Institute for National Unification, House, Washington, Strategic, International Studies, Ukrainian, Russian, Royal United Services Institute, Russia’s Security, Associated Press Locations: Ukraine, Russia, Moscow, North Korea, United States, Soviet, Soviet Union, Pyongyang, Korea, Russian, Hong, U.S, United Nations, ” Washington, Iran, Ukrainian, Tallinn, Estonia, Seoul

☆ Stocks may be losing market leader just ahead of August inflation reports next week
▼ + stars: | 2023-09-08 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The stock market may be losing one of its leaders heading into the release of key inflation reports next week that could clarify the path of future monetary policy. Apple weakness However, even after Apple's drop this week, some investors expect to see further declines in Apple because of deteriorating stock price momentum. A hotter-than-expected price report will likely add to investor concern over sticky inflation and tighter monetary policy, weighing on equities. Monday Sept. 11 Earnings: Oracle Tuesday Sept. 12 6 a.m. NFIB Small Business Index (August) Wednesday Sept. 13 8:30 a.m. Consumer Price Index (August) 8:30 a.m. Initial Claims (09/09) 8:30 a.m. Producer Price Index (August) 8:30 a.m. Retail Sales (August) 10 a.m. Business Inventories (July) Earnings: Lennar , Adobe , Copart Friday Sept. 15 8:30 a.m.

Persons: Rob Ginsberg, Tim Cook, selloff, Wolfe Research's Ginsberg, Ginsberg, Dan Niles, Satori, Wolfe's Ginsberg, Alex McGrath, FactSet, isn't, Price, —, Michael Bloom, Gabriel Cortes Organizations: Apple, Wolfe Research, Dow Jones, Nasdaq, Nvidia, Tech, Satori Fund, U.S . West Texas, ICE Brent, Federal Reserve, Wealth, Traders, United Auto Workers, UAW, Big Three, General Motors, Ford Motor, Treasury Budget, Retail, Adobe, Price, Index, Manufacturing Locations: China, Apple, U.S, @CL, Michigan

☆ Stocks making the biggest moves before the bell: Kroger, DocuSign, Snowflake, Adobe and more
▼ + stars: | 2023-09-08 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

But the company posted $33.85 billion in quarterly revenue, under the $34.13 billion anticipated by analysts. Planet Labs — The satellite imagery stock slipped 2.6% in premarket trading after delivering a weaker quarterly report than expected on Thursday. DocuSign — The electric signature stock advanced 2.4% premarket on the heels of a stronger-than-expected quarterly report released Thursday. The Wall Street firm said Snowflake is in an advantageous position with "best-in-class growth rates" and is set to benefit from increased demand for artificial intelligence applications. The Wall Street firm cited First Solar's strong growth message during its investors day.

Persons: Kroger, LSEG, DocuSign, Davidson, Snowflake, Mizuho, RH —, Gary Friedman, —, Yun Li, Sarah Min, Jesse Pound, Michelle Fox, Scott Schnipper Organizations: Planet Labs, LSEG, Deutsche Bank, Mizuho, Gilead Sciences, Bank of America Locations: Gilead

☆ Stocks making the biggest moves midday: ChargePoint Holdings, Seagate Technology, C3.ai and more
▼ + stars: | 2023-09-07 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Seagate Technology — Seagate Technology shares dropped about 10.9% after Barclays downgraded the stock to equal weight form overweight. ChargePoint Holdings — Shares of ChargePoint Holdings plunged 10.9% after the electric vehicle charging infrastructure company missed fiscal second-quarter revenue estimates. ChargePoint posted $150 million in revenue, weaker than the $153 million forecast by analysts polled by LSEG, formerly known as Refinitiv. Meanwhile, C3.ai reported an adjusted fiscal first-quarter loss of 9 cents per share on revenue of $72.4 million. Verint Systems — Shares plunged 19.4% in midday trading after the analytics company reported weaker-than-expected second-quarter earnings and revenue.

Persons: Rollins —, ChargePoint, LSEG, StreetAccount, Roku, —, Alex Harring, Yun Li, Pia Singh Organizations: Europe's, Kappa, Wall Street, GameStop, Wall, — Semiconductor, Lam Research, Devices, Qualcomm, Nvidia, Intel, Apple, Bloomberg, Street Journal, Technology, Wednesday, Seagate Technology, Barclays, ChargePoint Holdings, LSEG, Buster's Entertainment, Loop Locations: China

☆ Scientists uncover a 'bizarre' leggy dinosaur unlike anything seen before, and it could rewrite the history of bird evolution
▼ + stars: | 2023-09-07 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

The 150-million-year-old dinosaur is likely a very early bird ancestor, as old as the Archeopterix. This suggests bird's long legs may have evolved much early than thought. The dinosaur, named Fujianvenator prodigiosus, is thought to be as old the Archaeopteryx, which many consider to be the first bird. AdvertisementAdvertisement"I would put my money on runner," Wang told Reuters. There is still a 30 million-year-long gap in the fossil record between Archeopteryx and Fujianvenator and the next bird fossil on record, which appears in the Cretaceous, the study authors said in a press release.

Persons: Fujianvenator, Min Wang, Wang, Rex, prodigiosus, WANG Min Still, WANG Min, Hailu, Mark Loewen Organizations: Service, Chinese Academy of Sciences, Reuters, Nature, University of Utah Locations: Wall, Silicon, Nanping, Fujian, Beijing, Salt Lake City

☆ UN chief spotlights worsening rights in Myanmar as journalist jailed for 20 years for cyclone coverage
▼ + stars: | 2023-09-07 | by ( Helen Regan | ) edition.cnn.com time to read: +6 min

Sai Zaw Thaike was in western Rakhine state to report on the aftermath of the devastating Cyclone Mocha, which killed over 140 people and caused widespread destruction. He was arrested by junta soldiers in the state capital Sittwe on May 23, Myanmar Now reported. Sai Zaw Thaike, a photojournalist for the independent news website Myanmar Now, works at his desk in Yangon, Myanmar in August 2020. “Myanmar authorities’ grotesque 20-year sentencing of Myanmar Now journalist Sai Zaw Thaike on blatantly bogus charges is an outrage and should be immediately reversed,” Shawn Crispin, CPJ’s senior Southeast Asia representative said in a statement. “Myanmar’s junta must stop imprisoning members of the press for merely doing their jobs as reporters.”CNN has not been able to immediately reach the Myanmar junta.

Persons: CNN — Myanmar’s, General António Guterres, “, Guterres, Sai Zaw Thaike, Sai Zaw, Swe Win, ”, Cyclone, ” Shawn Crispin, CPJ’s, Suu Kyi, Farhan Haq, Suu, Min Aung, Kamala Harris Organizations: CNN, United Nations ’, UN, Association of Southeast Asian Nations, ASEAN, People’s Defense Forces, AP, Protect Journalists, Southeast, ” CNN, Myanmar, Reuters Locations: Myanmar, Rakhine, Indonesia’s, Jakarta, Sittwe, Sai, Yangon, AP Myanmar, Southeast Asia, ”, Philippines, United States

BANGKOK (AP) — Myanmar’s imprisoned former leader, Aung San Suu Kyi, is suffering from symptoms of low blood pressure including dizziness and loss of appetite, but has been denied treatment at qualified facilities outside the prison system, a medical worker said Thursday. Separately, a military officer who also insisted on anonymity confirmed a report by the BBC’s Myanmar-language service that Suu Kyi was suffering a severe toothache that left her unable to eat and caused vomiting. However, the ruling military council’s spokesperson, Maj. Gen. Zaw Min Tun, said Suu Kyi was in good health, the report said. Not only are details about Suu Kyi’s health unclear, but even her exact whereabouts are not publicly known. Appeals of Suu Kyi’s convictions are still being processed on charges including election fraud, breaching the official secrets acts and six other corruption allegations, legal officials have said.

Persons: — Myanmar’s, Aung, Suu Kyi, Zaw Min Tun, Suu, Kim Aris, “, Min Aung Organizations: BBC, AP Locations: BANGKOK, Suu, Myanmar, Zaw, Britain, Naypyitaw, Yangon

☆ 'Bizarre' long-legged bird-like dinosaur has scientists enthralled
▼ + stars: | 2023-09-06 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

A life reconstruction of the bird-like dinosaur Fujianvenator prodigiosus, which lived 148 million to 150 million years ago in China, is seen in this illustration. Asked for a word to describe Fujianvenator, Wang replied, "I would say 'bizarre.' Fujianvenator is a member of a grouping called avialans that includes all birds and their closest non-avian dinosaur relatives, Wang said. "The forelimb is generally built like a bird's wing, but with three claws on the fingers, which are absent from modern birds. There is still a big gap between the oldest known bird and the second-oldest known birds," Zhou said.

Persons: Chuang Zhao, Handout, Fujianvenator, Min Wang, Wang, Zhonghe Zhou, Zhou, Will Dunham, Daniel Wallis Organizations: REUTERS Acquire, Vertebrate Paleontology, Chinese Academy of Sciences, Thomson Locations: China, Fujian Province, Germany, Fujianvenator, Washington

☆ Read Your Way Through Seoul
▼ + stars: | 2023-09-06 | by ( Han Kang | ) www.nytimes.com time to read: +3 min

It consists of bizarre, supernatural tales — kings born from eggs, a magic flute that hushes the storms to sleep. “The Story of Hong Gildong,” also from the Joseon dynasty, was recently translated into English by Minsoo Kang. After starting with sparkling childhood memories in Kaesong — now in North Korea — the narrative shifts to Seoul in the midst of the Korean War. What should I read before I go to Seoul? And novels such as “Concerning My Daughter,” by Kim Hye-jin, translated by Jamie Chang; “My Brilliant Life,” by Ae-ran Kim, translated by Chi-Young Kim; and “Your Republic Is Calling You,” by Kim Young-ha, also translated by Chi-Young Kim, reflect the ambience of Seoul.

Persons: Samguk, Ilyon, Kumo, Kim Sisup, Hong Gildong, ”, Minsoo Kang, Gildong, Heo Gyun, Yu Young, Stephen J, Epstein, Kim Hyesoon, Don Mee Choi, Lee Jangwook, Sun Kim, Tsering, Shim Bo, Chung Eun, Brother Anthony of Taizé, Kim Yi, Ji Yoon Lee, Johannes Göransson, Kim Min Jeong, Soeun Seo, Jake Levine, “, Ha Seong, Janet Hong, Bora Chung, Anton Hur, Sang, Hur, Choi Eunyoung, Sung Ryu, Kim Hye, Jamie Chang, Kim, Young Kim, Kim Young Organizations: Chi Locations: Ancient Korea, Korean, Wan, —, North Korea, Seoul, Noon, ”, Big City

☆ Bird-like dinosaur with surprising features discovered in China
▼ + stars: | 2023-09-06 | by ( Katie Hunt | ) edition.cnn.com time to read: +2 min

CNN —The fossil of a tiny bird-like dinosaur with surprisingly long lower legs has been discovered in China. However, in birds, it’s a feature also present in wading birds like storks and cranes, making it possible that Fujianvenator lived in a swampy aquatic environment. Other known early bird-like dinosaurs lived in trees and were more aerial in nature, the study said. While no feathers were preserved in the fossil, it’s highly likely Fujianvenator had them because its closest relatives in the dinosaur family tree did, Wang said. It can’t be determined from the fossil whether the bird-like dinosaur could fly or not, he added.

Persons: Fuijianvenator, Fuijian, Min Wang, “, ”, Wang Organizations: CNN, Vertebrate Paleontology, Fujian Institute of Geological Survey Locations: China, what’s, Fujian, Beijing

☆ ASEAN is ‘at a loss for ideas’ on how to address Myanmar crisis, says Indonesia's ex-foreign minister
▼ + stars: | 2023-09-05 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

Myanmar migrant workers hold a portrait of Aung San Suu Kyi during the march to mark International Labor Day in Bangkok, calling for the workers rights and protesting against the Myanmar military government on May 1, 2023. "I get the sense that ASEAN is at a loss for ideas … one can speak with eloquence about one individual member state's wish to happen in Myanmar. "At the moment, I'm reminded more about the divisions rather than the unity … this is not only a litmus test for ASEAN, but in my view is an existential threat to ASEAN," Natalegawa added. Myanmar's military administration, however, has not implemented the peace plan — despite agreeing to it two months after the democratic government was overthrown by the coup. "Some ASEAN member states in dispute feel that they are not being provided a common ASEAN home, so as if they are left on their own devices to deal with this issue," said Natalegawa.

Persons: Aung, Suu Kyi, Marty Natalegawa, CNBC's JP Ong, Marty Natalegawa Indonesia's, Natalegawa, Min Aung Organizations: International Labor, Myanmar, Getty, ASEAN, CNBC, 43rd Association of Southeast, Nations, Suu, Reuters Locations: Myanmar, Suu, Bangkok, Indonesian, Jakarta, South China, Brunei, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam

☆ Belgium raises record 22 billion euros from savers in 'clear signal' for higher bank rates
▼ + stars: | 2023-09-04 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +4 min

It marks the biggest funding drive from households in Belgium's history and is likely Europe's biggest retail bond sale, the country's debt agency said on Monday. Equivalent to around 5% of Belgian deposits, it eclipses the 5.7 billion euros raised from savers at the height of the euro zone debt crisis in 2011 and beats the 18 billion euros Italy raised from savers earlier this year. European lenders awash with cash have resisted raising savings rates while market interest rates have surged as central banks fight inflation, prompting withdrawals by households looking for better returns. While demand for the bond is high, the country's biggest lenders are yet to raise rates paid on savings accounts. "This will be different for every bank, but the financial stability of every bank needs to be monitored closely."

Persons: Dado Ruvic, Bonds, Vincent Van Peteghem, Jean Deboutte, Isabelle Marchand, Van Peteghem, Marchand, Febelfin, Yoruk Bahceli, Bart Meijer, Sudip Kar, Dhara Ranasinghe, Ed Osmond Organizations: REUTERS, Reuters, Thomson Locations: Europe, Belgium, BRUSSELS, Italy, Portugal, Belgian

The S&P 500 slumped on Tuesday to kick off the first trading day of a holiday-shortened week, weighed by a jump in crude oil prices. The S&P 500 dipped 0.15%, while the Nasdaq Composite hovered near the flatline. Oil prices rose after Saudi Arabia extended its 1-million-barrels per day voluntary oil production cuts. "If you have oil prices moving up that could be inflationary," said Keith Lerner, co-chief investment officer at Truist. Meanwhile, the Dow and the Nasdaq are coming off their best weekly performances since July, while the S&P 500 registered its best week since June.

Persons: Keith Lerner, Goldman Sachs, Adam Turnquist, Sarah Min Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, West Texas, Halliburton, Occidental Petroleum, EOG Resources, American Airlines, United Airlines, Delta Air Lines, Treasury, Dow, LPL Locations: New York City, Saudi Arabia

FILE PHOTO-Italy's Minister of Economy and Finance Giancarlo Giorgetti delivers a speech at the G7 High-Level Corporate Governance Roundtable in Niigata on May 11, 2023. "It may be that the tax is inappropriate, it can certainly be improved upon ... but I do not accept that it is considered an unfair tax," Giorgetti said at The European House - Ambrosetti economic forum. Bank shares tumbled before the economy ministry clarified that the new tax would amount to no more than 0.1% of their total assets. Forza Italia is also seeking an exemption for small banks and wants a guarantee the levy will not be extended beyond 2023. Giorgetti did not comment on his government ally's proposals on the bank tax.

Persons: Finance Giancarlo Giorgetti, KAZUHIRO, Giancarlo Giorgetti, Giorgetti, Antonio Tajani, Siena, Giselda Vagnoni, Giancarlo Navach, Hugh Lawson, David Evans Organizations: Economy, Finance, Bank, League, Forza Italia, Monte, Thomson Locations: Niigata, Italy, Cernobbio

☆ City's Haaland, Spurs' Son score hat-tricks, Chelsea lose to Forest
▼ + stars: | 2023-09-02 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Haaland, who scored four league hat-tricks in a record-shattering first season with City, is already in the groove and his triple against Fulham took his season's goal tally to six. Good start to the season," Haaland said. With manager Pep Guardiola absent following back surgery City took a while to get going against Fulham. Haaland set up the opener for Alvarez but Fulham levelled soon after through Ream who was left unmarked. SON HAT-TRICKTottenham's strong start to the league campaign continued at Burnley with Son scoring his fourth Premier League hat-trick although they had to come from behind.

Persons: Manchester City's Erling Braut Haaland, Molly Darlington, Burnley Brighton's Ferguson, Erling Haaland, Son Heung, Evan Ferguson, Julian Alvarez, Nathan Ake, Tim Ream, Haaland, Mauricio Pochettino, Anthony Elanga, Ferguson, Andy Cole, Pep Guardiola, City, Alvarez, Manuel Akanji, Marco Silva, Issa Diop, Sergio Gomez, Son, Lyle Foster, Cristian Romero, James Maddison, Ange Postecoglou's, Postecoglou, Todd Boehly, Forest's Elanga, Chelsea, We're, Pochettino, Abdoulaye Doucoure, Cameron Archer, Jordan Pickford's, Arnaut Danjuma, Martyn Herman, Ken Ferris Organizations: Soccer Football, Premier League, Manchester City, Fulham, Etihad, Fulham Son, Tottenham, Burnley, Newcastle Chelsea, Forest, Premier, Tottenham Hotspur, Brighton & Hove Albion, Newcastle United, City, Spurs, Turf Moor, West Ham United, Luton Town, Nottingham Forest, Everton, Sheffield United, Brentford, Bournemouth, Brighton's, Newcastle, Seagulls, Chelsea, Clearlake Capital, Thomson Locations: Manchester, Britain, City, Ream, Norwegian

☆ Stocks will try to keep momentum, but September seasonality and other headwinds await
▼ + stars: | 2023-09-01 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks are looking to maintain momentum in the holiday-shortened week ahead even as Wall Street contends with a seasonally weak period for markets ahead of the Federal Reserve's September rate decision. Some technical indicators have investors hopeful the bullish momentum could continue in the week ahead. For example, the major indexes broke above their respective 50-day moving averages this past week — a sign of improving short-term momentum. Central bank policymakers convene for a two-day meeting starting Sept. 19 and announce their interest rate decision Sept. 20. Week ahead calendar All times are ET.

Persons: Sam Stovall, We've, Ryan Detrick, Quincy Krosby, CFRA, —, HSBC's Max Kettner, Savita Subramanian, John Luke Tyner, Carson Group's Detrick, Detrick, FactSet, Kroger Organizations: Dow Jones Industrial, Nasdaq, Wall, Dow, Carson Group, Fed, LPL, Bank of America, Aptus Capital Advisors, Labor, PMI, PMI Services, Consumer Credit Locations: U.S, CFRA, China

☆ Stocks making the biggest moves premarket: Dell, MongoDB, Lululemon and more
▼ + stars: | 2023-09-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A Dell Technologies flag outside the company headquarters in Round Rock, Texas, US, on Monday, Feb. 6, 2023. Check out the companies making headlines before the bell:Dell Technologies — Dell Technologies surged 10.5% after exceeding analysts' second-quarter expectations. MongoDB — MongoDB advanced 5% after topping Wall Street expectations in its latest quarter. Lululemon Athletica — Shares added 2.3% in premarket trading after the athletic apparel retailer reported an earnings beat. VMware gave a mixed second-quarter report on Thursday, beating expectations for earnings per share while missing on revenue.

Persons: Refinitiv, Morgan Stanley, Dell, Lululemon, Roz Brewer, — CNBC's Michelle Fox, Alex Harring, Jesse Pound, Samantha Subin Organizations: Dell Technologies, Revenue, Walgreens, Alliance, Vale, JPMorgan, VMware, Broadcom, Broadcom — Locations: Round Rock , Texas

☆ You’ve Heard of K-Beauty. Now Try K-Perfume
▼ + stars: | 2023-09-01 | by ( Miya Lee | More About Miya Lee | ) www.nytimes.com time to read: 1 min

Inside Elorea, a sleek new Korean perfumery in Manhattan’s NoLIta neighborhood, whose name is a portmanteau of “elements” and “Korea,” you will find paintings and pottery by Korean and Korean American artists, a cafe offering a chocolate and perfume pairing and shop attendants dressed entirely in black, eager to explain the brand’s gender-neutral fragrance collections. “Even though I’ve never heard of a Korean perfume brand, I just figured it’s going to be on another level,” said Albert Chun, 36, a customer whose parents immigrated from Seoul to Oakland, Calif., in the mid-1980s. “We’re such proud people,” he added with a half-laugh. “In our heads, in everyone’s heads, Korea is the capital of the world in terms of beauty,” said Wonny Lee who, along with his wife, Su min Park, founded Elorea as an online perfumery business last year.

Persons: I’ve, ”, Albert Chun, “, Wonny Lee, Su Locations: Manhattan’s NoLIta, “ Korea, ”, Korean American, Korean, Seoul, Oakland, Calif, everyone’s, Korea

☆ Rapidly aging South Korea prepares to open door for foreign maids
▼ + stars: | 2023-09-01 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

A man and children wearing masks to protect against contracting the coronavirus disease (COVID-19) take a walk at a Han River Park in Seoul, South Korea April 4, 2020. The issue sits at the confluence of South Korea's sharply declining birthrate, aging population, and its historical reluctance to accept more immigrants. South Korea is in talks with the Philippines as one of the potential sources of workers with an aim to start the pilot programme as early as December, officials said. The new scheme is the latest in a series of efforts by the government to reverse the plunging birth rate of Asia's fourth-largest economy. "There is no one-size-fits-all solution to low birth rate," Oh said.

Persons: Heo, hoon, 1,322.1800, Soo, hyang Choi, Simon Cameron, Moore Organizations: REUTERS, Rights, Organisation for Economic Co, Development, OECD, Thomson Locations: Seoul, South Korea, Rights SEOUL, South, Philippines, Koreans

☆ Stocks making the biggest moves midday: Tilray, Salesforce, CrowdStrike, Dollar General and more
▼ + stars: | 2023-08-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Salesforce — The cloud software company saw its stock jump 3% after it announced quarterly results and guidance that surpassed Wall Street's expectations. Dollar General — The discount retail chain plunged 12.2% Thursday after reporting second-quarter earnings per share of $2.13, which was lower than the StreetAccount consensus estimate of $2.47. Ciena — The network equipment stock surged nearly 16% after topping Wall Street's fiscal third-quarter earnings expectations on the top and bottom lines. Okta — Okta shares surged 13.5% after the access management company topped analysts' second-quarter earnings expectation and issued a strong full-year outlook. Victoria's Secret — The intimate apparel stock popped nearly 7% even after missing second-quarter earnings expectations on both the top and bottom lines.

Persons: Salesforce, Marc Benioff, CrowdStrike, Ciena, Morgan Stanley, Shopify, StreetAccount, Chewy, UGI, Raymond James, —, Macheel, Sarah Min, Yun Li, Alex Harring, Michelle Fox, Pia Singh, Jesse Pound Organizations: Aphria Inc, U.S . Department of Health, Human Services, Tilray Brands, Cronos, Revenue, Technologies, Arista Networks, Citi, Refinitiv, StreetAccount, Signet, UBS — U.S, Suisse Locations: Leamington , Ontario, Switzerland

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