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☆ EU antitrust regulators set Oct. 23 deadline for Arcelik, Whirlpool deal
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File photo Acquire Licensing RightsCompanies Arcelik AS FollowWhirlpool Corp FollowBRUSSELS, Sept 21 (Reuters) - EU antitrust regulators will decide by Oct. 23 whether to clear Turkish domestic appliances maker Arcelik's (ARCLK.IS) proposed purchase of Whirlpool's (WHR.N) European domestic appliances business, an European Commission filing showed on Thursday. Under the deal announced in January, the companies will set up a new entity made up of Arcelik's European units such as major domestic appliances, small domestic appliances and consumer electronics and Whirlpool's European business. The EU competition watchdog can either clear the deal with or without seeking remedies after its preliminary review or it can open a four-month investigation if it has serious concerns. The UK competition agency is also assessing the deal, with a decision due by Sept. 28.

Persons: Yves Herman, Arcelik, Blomberg, Foo Yun, Mark Potter Organizations: European Commission, REUTERS, Whirlpool, Commission, EU, Zenith, Thomson Locations: Brussels, Belgium, BRUSSELS, Arctic, Altus, Grundig

☆ Side-by-side images of a whirlpool galaxy show details NASA's James Webb telescope captured but Hubble missed
▼ + stars: | 2023-08-30 | by ( Ellie Zolfagharifard | Marianne Guenot | ) www.businessinsider.com time to read: +4 min

The James Webb telescope captured an image of M51, a galaxy 27 million light-years away. An image of M51 – also known as NGC 5194 or the Whirlpool Galaxy – taken by the James Webb Telescope. NASA/ESA/JWSTAstronomers hope the James Webb Space Telescope (JWST) will shed new light on how stars form in galaxies other than Milky Way. Before Webb came along, the Hubble telescope provided a glimpse of star formation in galaxies such as M51. Dark red regions show the cosmic dust that permeates the M51 galaxy in this zoomed in image from the James Webb telescope.

Persons: James Webb, Webb, JWST, Hubble Organizations: Service, Hubble, NASA, Whirlpool, Webb's, James, James Webb Telescope, ESA, James Webb Space, JWST, European Space Agency Locations: Wall, Silicon

☆ Rare protests flare in regime-held Syria as Assad seeks international rehabilitation
▼ + stars: | 2023-08-30 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +8 min

The protests, which are taking place in areas governed by President Bashar al-Assad’s regime, have so far shown no signs of abating. The Druze are Syria’s third largest religious minority making up 3% to 4% of the country’s population, according to Minority Rights Group International. While the largest protests are clustered around al-Sir Square in Suwayda city, other, smaller ones are scattered across the governorate, Marouf said. “If protests spread deeper into regime territories, those chances (of violent crackdown) will surge.”All eyes are on Assad’s next moves. If Assad attends, it would be his first appearance on the world stage since the start of the civil war in 2011.

Persons: Bashar al, disgruntlement, Assad, haven’t, ”, Charles Lister, ” Lister, “ Long, ” Rayan Marouf, Marouf, “, ” Marouf, Hafez, Syria’s, Geir Pedersen, Pedersen Organizations: CNN, Group, Middle East Institute, UN, Arab League, Sir, UN Security Council, Sky News, ISIS, Security, United, United Arab Emirates Locations: Syria’s, Syria, Washington , DC, Russia, Iran, Suwayda governorate, Suwayda, Jaramana, Damascus, “, Idlib, Aleppo, United Arab, Dubai

☆ Whirlpool is fined $11.5 mln by US agency over hazardous cooktops
▼ + stars: | 2023-08-24 | by ( Jonathan Stempel | ) www.reuters.com time to read: +1 min

Thursday's settlement covers 17 models of electric radiant heat cooktops under the JennAir, KitchenAid and Whirlpool brands. The CPSC and Whirlpool announced a recall of about 26,300 cooktops in August 2019. Under its settlement agreement, Whirlpool agreed to maintain controls to ensure its compliance with federal consumer product safety laws. In a statement, Whirlpool said it acted "appropriately" upon identifying the defect, including by recalling the cooktops under the CPSC's Fast Track recall program. Whirlpool also said it had reached out to cooktop owners and offered to replace their appliances for free.

Persons: Aaron Josefczyk, Whirlpool, Jonathan Stempel, Chris Reese, Sandra Maler, Jonathan Oatis Organizations: REUTERS, Whirlpool, Consumer Product Safety Commission, Thomson Locations: Clyde , Ohio, U.S, Benton Harbor , Michigan, New York

☆ The Plan to Boost GOP Primary Turnout
▼ + stars: | 2023-08-21 | by ( Kyle Peterson | ) www.wsj.com time to read: 1 min

Prosecutors have put a political whirlpool in motion. Presidential candidates converged again this month on the Iowa State Fair to flip sizzling pork chops, nibble peculiar speared foods, and scout for undecided caucus-goers. Yet history suggests most Iowans, and even most Republicans, are more into the fair rides and butter sculptures than primary politics. In the November 2016 election, Iowa’s 2.4 million adults cast 1.6 million votes, 801,000 for Donald Trump. How many Iowans were counted in that year’s GOP caucus?

Persons: Donald Trump Organizations: Iowa, Fair, GOP

☆ Want to work in tech? Don't work in tech.
▼ + stars: | 2023-08-08 | by ( Tien Tzuo | ) www.businessinsider.com time to read: +8 min

I advise young engineers today to work for Fortune 500 companies, not Big Tech. Today, however, he's working on a project for a different kind of tech company: John Deere. There is no magic at Big Tech companies, there's only money. And Fortune 500 companies simply don't have the luxury of buying talent just to park it. Today, all companies are tech companies, and they all want to see more recurring revenue in their business models, which means they need smart, restless engineers.

Persons: moonshots, Jon Weisz, John Deere, Weisz, Peter Thiel, that's, Philips, Ford, Tien Tzuo, Tzuo Organizations: Fortune, Big Tech, Corporations, Oracle, Apple, Nike, Honeywell, Volvo, Boeing, Whirlpool, Technologists, Facebook, Consumer, SEI, Microsoft, EV, Cornell, Stanford Locations: Columbia, Baltimore, Hulu, Atlanta, Salesforce

☆ Lessons from earnings season: 2Q was the bottom and the rest of year is looking strong
▼ + stars: | 2023-07-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Earnings at the half: Second quarter is the trough quarter, and the second half looks strong. At the halfway point for second quarter earnings, the feared recession and earnings apocalypse has faded away as the soft landing is now consensus. The second quarter is the bottom for earnings The second quarter is expected to see earnings decline 6.8% from a year ago, according to Refinitiv. About 80% of the companies are beating earnings estimates, slightly higher than the historic average. Investors are always asking: is the earnings trend up, down, or sideways?

Persons: Tajinder Dhillon, Dhillon, Dan Ives, Clark Organizations: Merck, Investors, Refinitiv, Big Tech, Dow, MMM, Kimberly, Whirlpool Locations: Wedbush, 2H23

3M posted $7.99 billion in revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. Elsewhere, RTX reported second-quarter earnings that topped Wall Street expectations, posting $1.29 in adjusted earnings per share on $18.32 billion in revenue. The home appliance company posted revenue of $4.79 billion, lower than the consensus estimate of $4.82 billion, according to Refinitiv. It did beat on earnings expectations, reporting adjusted earnings of $4.21 per share, higher than the $3.76 estimate. The company notched adjusted earnings per share of $3.29, while analysts estimated $2.70 per share.

Persons: Refinitiv, RTX, it's, Biogen, Morgan Stanley, FactSet, General Motors, Invesco, Andrew Schlossberg, BTIG, Sherwin, Williams, Yun Li, Samantha Subin, Sarah Min, Tanaya Macheel, Brian Evans, Alex Harring Organizations: Spotify, Alaska Air, Pratt & Whitney, Airbus, General, GE, Whirlpool, Revenue, LG Electronics, LG Energy, GM, Refinitiv, UPS, Teamsters, Xerox –, Xerox, Packaging Corp, America, Secure

☆ Morning Bid: Euro biz ebbs, China property and rate peaks?
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +4 min

Arguments for calling a halt to the credit tightening were strengthened on Monday as early July business surveys for the euro area came in well below forecasts, showing a deepening contraction in overall activity this month. The euro dropped more than half a percent against the dollar as euro government debt yields fell back, with an indecisive weekend election result in Spain adding pressure. With the ongoing slide in manufacturing still the biggest drag and due in large part to China's spluttering post-Covid recovery, further turbulence in China's property markets will only increase the anxiety. For Wall St, the looming Fed decision dominates this week - with a check on U.S. July business surveys topping the data on Monday's calendar in another huge corporate earnings week. U.S. Treasury yields fell back, but the dollar (.DXY) climbed against the euro, yuan and sterling - also hit by disappointing UK business readings for July.

Persons: Mike Dolan, China's, readouts, Dow Jones, Brown Organizations: Futures, Bank of, Dalian, Japan's Nikkei, Tech, Microsoft, Dow, Nasdaq, Treasury, Chicago Fed, Whirlpool, Packaging Corp of America, Cadence, Trade Organization, Reuters, Thomson Locations: U.S, China, Bank of Japan, Spain, United States, Alexandria, Geneva

Revenue in the company's product and maintenance category came in at $922.8 million, compared to analysts' estimates for $928.8 million, according to StreetAccount. Whirlpool posted $4.21 in adjusted earnings per share, coming above Refinitiv analysts' estimates of $3.76 earnings per share. The company's projected third-quarter earnings also topped analysts' estimates. F5 Networks — The cloud-based software company's shares popped 7% after posting a top- and bottom-line beat in its fiscal third quarter. Analysts called for $2.86 in earnings per share and revenue of $699 million, according to Refinitiv.

Persons: NXP Organizations: Cadence, Revenue, Whirlpool, Networks Locations: StreetAccount, Revenue

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

☆ Extreme heat helps boost some stocks and knocks down others
▼ + stars: | 2023-07-19 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —As Americans desperately seek to cool off, some stocks are rising with the temperature. Shares of companies whose products help cool homes have gained as record temperatures hit the United States. That comes as Americans stock up on air conditioners, fans and other products to help battle the sweltering heat. Natural gas stocks have also benefited from the surge in temperature as Americans crank up their air conditioners. Cheniere Energy has added 3.2% in the last month, Devon Energy gained 4.6% and Coterra Energy rose 4.6%.

Persons: Louis Navellier Organizations: New, New York CNN, Carrier Global, Whirlpool, Air, Scout, Amazon, Molson Coors, Constellation Brands, Cheniere Energy, Devon Energy, Coterra Energy, Navellier, Associates, Airlines, United Airlines, JetBlue Airways Locations: New York, United States, America

We're seeing great discounts on top air conditioner brands during the sale, including a few deals on picks from our guides to the best air conditioners and best portable air conditioners. We weeded through hundreds of Prime Day air conditioner deals remaining on day two to pull together these recommendations. The best Amazon Prime Day air conditioner dealsDeal icon An icon in the shape of a lightning bolt. Deal Midea MAW08V1QWT U Inverter Window Air Conditioner This unique air conditioner allows you to open your window when the AC is not in use to let in fresh air. Check out our guide to portable air conditioners versus window air conditioners for a more detailed breakdown.

Persons: It's, it's, you've, isn't Organizations: Amazon, GE, Whirlpool, Energy, GE ACs, Prime, Deal Keystone Energy, Wall Mounted Air, ACs

We're seeing great discounts on top air conditioner brands during the sale, including a few deals on picks from our guides to the best air conditioners and best portable air conditioners. We weeded through hundreds of Prime Day air conditioner deals to pull together these recommendations. While we haven't tested every air conditioner below we made sure to only highlight deals from reputable brands that we have hands-on experience with. The best Amazon Prime Day air conditioner dealsDeal icon An icon in the shape of a lightning bolt. Deal Midea MAW08V1QWT U Inverter Window Air Conditioner This unique air conditioner allows you to open your window when the AC is not in use to let in fresh air.

Persons: It's, it's, you've, isn't Organizations: Amazon, GE, Whirlpool, Energy, GE ACs, Prime, Deal Keystone Energy, Wall Mounted Air, ACs

☆ Stock market heads into the second half with near 15% total return so far in 2023
▼ + stars: | 2023-06-24 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 had just sustained its worst calendar-year loss in half a generation. Textbook consolidation Last week's modest 1.4% decline in the S & P 500 did little to alter either the favorable underlying market trend or the notion that more consolidation might be in store. The median year-end S & P 500 target among Street strategists is 4250, 100 points below Friday's close, and the most-bullish forecast is for about a 5% further gain. And just as the market's performance has been skewed toward these hit hyper-cap tech stocks, so is the S & P 500's valuation. .SPX 1Y mountain S & P 500 1-year Big picture: The market this year has chewed through plenty of perfectly valid excuses to falter without doing so.

Persons: Ned Davis, Ed Clissold, Jeremy Schwartz, Lori Calvasina, we'll Organizations: Big Tech, Federal Reserve, Nasdaq, Intelligence, Ned Davis Research, New, Nvidia, General Motors, Whirlpool, RBC Capital Locations: DC

☆ Vans sneakers maker VF taps Logitech's Bracken Darrell as CEO
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: 1 min

June 20 (Reuters) - VF Corp (VFC.N) has appointed Bracken Darrell, who last week stepped down as head of computer accessories maker Logitech (LOGN.S) after a 10-year stint, as its new CEO, the apparel and footwear maker said on Tuesday. VF Corp's CEO Steve Rendle retired in December 2022, after 25 years with the company, with lead independent director Benno Dorer named interim CEO. Darrell, who will take charge on July 17, has previously worked at Procter & Gamble (PG.N), Whirlpool Corp (WHR.N) and General Electric (GE.N). Dorer will remain a board member, VF Corp said. Reporting by Deborah Sophia and Juveria Tabassum in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Bracken Darrell, Steve Rendle, Benno Dorer, Darrell, Dorer, Deborah Sophia, Juveria, Sriraj Organizations: VF, Logitech, Procter & Gamble, Whirlpool Corp, General Electric, Corp, Thomson Locations: Bengaluru

Whirlpool and Cabri told a Delaware federal court they would dismiss the case with prejudice, which means it cannot be refiled. Representatives for Whirlpool, Cabri and Haier Europe did not immediately respond to requests for comment on Friday. It said Haier had hired Cabri for its own laundry division because he knew Whirlpool's trade secrets and that it would be impossible for him to work there without disclosing them. A federal judge rejected Whirlpool's bid to block Cabri's move last May, finding the Delaware court lacked jurisdiction over the trade-secret allegations. The case is Whirlpool Corp v. Cabri, U.S. District Court for the District of Delaware, No.

Persons: Davide Cabri, Cabri, Candy, Haier, Steven Zadravecz, John, Potter Anderson, Ethan Townsend, McDermott Will, Emery Read, Blake Brittain Organizations: Law, Whirlpool, Candy Hoover Group, Whirlpool Corp, District of, Jones, Thomson Locations: U.S, Italian, Delaware, Europe, Benton Harbor , Michigan, District of Delaware, Washington

As of Thursday morning, air filters were the top gainers in sales for tools and home improvement products on Amazon over the past 24 hours. Searches on Google for air purifiers have increased 16 fold since Monday, according to Google trends. Johnson Controls, which has a number of air filters on the market, has also seen its stock price soar. The air purifier market is poised to grow as climate change increases air pollution and exacerbates breathing difficulties. Climate change will worsen existing air pollution and lead to more dangerous air quality days like the current one in the Northeast.

Persons: humidifier, Johnson Organizations: New, New York CNN, Google, United States, Carrier Global, Johnson Controls, Economic Co, Environmental Protection Agency Locations: New York, United States, “

☆ US stocks are in the firing line if China’s economy stalls further
▼ + stars: | 2023-06-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Recent data shows that China is also contending with worse-than-expected consumer spending, slowing manufacturing and weak home sales. What it means for markets: US-based companies doing business in China stand to lose if the economy continues on a downward trajectory. Qualcomm (QCOM), with a 67% exposure rate to China, issued disappointing forward guidance during earnings last month, citing China’s slow recovery. JD.com (JD), one of the largest Chinese companies trading in the United States, has fallen by nearly 36% this year. The air purifier market is poised to grow as climate change increases air pollution and exacerbates breathing difficulties.

Persons: That’s, China —, Capvision, China Nicholas Burns, ”, Goldman Sachs, Dow, JD.com, Morgan Stanley, Goldman, Ayaz Ebrahim, CARR, Johnson, Ivan Menezes, Diageo, Menezes ’, Menezes, King Charles III, Debra Crew, Johnnie Walker, Ivan, Javier Ferrán, “ Ivan Organizations: CNN Business, Bell, New York CNN, International Monetary Fund, Factories, Bain, Group, Micron Technology, Nasdaq, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, China . Companies, Dragon, Goldman Sachs Group, Nomura, Barclays, JPMorgan, Asia Pacific, Bloomberg, Google, Carrier Global, Johnson Controls, Economic Co, Diageo, India, Business, ”, Whisky Association, Northwestern University’s Kellogg School of Management Locations: New York, China, Washington, Beijing, United States, Hong Kong, Dragon China, Canada, Pune, India

☆ Diageo's long-time boss Ivan Menezes dies after brief illness
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

June 7 (Reuters) - Diageo (DGE.L) on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world's biggest spirits company for 10 years, had died after a brief illness. The 63-year-old, who was set to retire at the end of this month, was in hospital receiving treatment for conditions including a stomach ulcer, the Johnnie Walker whisky maker announced this week. British-American national Menezes, born in the Indian city of Pune, joined Diageo after its formation through the merger of Guinness and Grand Metropolitan in 1997. The executive, who was behind the "Keep Walking" campaign for Johnnie Walker when he was marketing head, previously held roles at Whirlpool and Nestle. Menezes, who was awarded a knighthood this year, is survived by his wife and two children.

Persons: Ivan Menezes, Johnnie Walker, Debra, Menezes, Ivan, Javier Ferrán, Julio, Arvind Subramanian, Subramanian, Menzes, Eva Mathews, Sinchita Mitra, Dhanya Skariachan, Sherry Jacob, Phillips, David Evans Organizations: Diageo, American, Guinness, Grand Metropolitan, Whirlpool, Nestle, Government of, Indian Institute of Management, Thomson Locations: Indian, Pune, Government of India, Ahmedabad, India, Bengaluru

☆ Cristiano Ronaldo’s ‘Sajdah’ goal celebration goes viral
▼ + stars: | 2023-05-26 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +2 min

His gesture went viral on social media, spurring a whirlpool of comments from fans across the region. “Cristiano Ronaldo’s joy with the third goal and his prostration to God in thankfulness,” tweeted Ali Alabdallah, a Saudi sports correspondent, to his 411,000 followers. Portuguese star player Cristiano Ronaldo takes a low bow after scoring a goal during the match between Al Nassr and Al-Shabab on May 23. The movement, which includes a bow to the ground and touching the grass with one’s forehead, is a celebratory gesture performed mostly by Muslim footballers. Ronaldo joined Saudi Arabia’s Al Nassr last year.

☆ Jenny Harrington breaks down why she bought Whirlpool and Stanley Black & Decker
▼ + stars: | 2023-05-18 | 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 EmailJenny Harrington breaks down why she bought Whirlpool and Stanley Black & DeckerJosh Brown, Jenny Harrington, and Jim Lebenthal join 'Halftime Report' to discuss Whirlpool easing its supply chain issues and seeing a share price correction, investments in home supply stocks, and the latest Open.AI release.

☆ Joined-up G7 is best China deterrent
▼ + stars: | 2023-05-08 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The best chance of steering between these twin evils is for the G7 to agree on a strong deterrence strategy. This would make it harder for China to hold G7 countries to ransom if they came to Taiwan’s aid. The United States is also leaning on its allies to stop China from acquiring militarily useful technology such as advanced semiconductors. CONTINGENCY PLANSThe other plank of a G7 deterrence strategy is contingency planning for what the allies would do if China invaded Taiwan. This would ideally involve building consensus about how the United States would respond to escalating tensions.

☆ Whirlpool CEO Marc Bitzer sits down one-on-one with Jim Cramer
▼ + stars: | 2023-04-25 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Whirlpool CEO Marc Bitzer sits down one-on-one with Jim CramerMarc Bitzer, Whirlpool CEO, joins "Mad Money" host Jim Cramer to discuss the company's earnings, net sales and the strength of the housing market.

☆ Morning Bid: Tech tally in focus, China alarms Europe
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +5 min

Otherwise, a packed earnings season dominates this week's investment radar as more than a third of S&P500 companies report. Including Intel (INTC.O), those five tech stocks have accounted for two-thirds of the S&P500's gains this year - with the Artificial Intelligence craze sparked by the emergence of ChatGPT adding a new non-cyclical attraction to the sector. But before markets get a taste of Q1 tech profits, the reverberations from last month's banking blow-up are still being absorbed. European stocks were slightly negative and U.S. stock futures also marginally in the red ahead of Wall Street's open. The dollar was mixed - up against Asian currencies but off against European currencies amid hawkish European Central Bank soundings on interest rates.

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