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☆ Morning Bid: Volatility stirs
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +5 min

World markets end a rough week of confusing and competing narratives in distinctly edgy form, with peculiarly subdued volatility gauges flickering back to life. Both 10 and 30-year yields hit their highest levels in over a month early on Friday. Job shedding in the digital sector continued, with Yahoo's plans to lay off more than 20% of its total workforce. That said, the year-on-year oil price trend continues to be negative, as it's been all year and base effects from last year's price spike around the Ukraine invasion will only deepen that and weigh on headline inflation further. Goldman Sachs lowered its oil price forecasts for this year and next, cutting its Brent 2023 price forecast by $6 to $92 per barrel - still above current levels around $86.

LONDON, Feb 10 (Reuters) - The two investment obsessions of the year so far - artificial intelligence and super-tight labour markets - meet head on. Far from relaxing, should office or home-based workers now fret that we're in for anything but a tight jobs market over the coming years? Morgan Stanley's thematic research team said this week it was inundated with enquiries about generative AI during its recent client visits. Much like the pandemic, fear of automation could have as big an economic impact as its actual spread. US jobs growth by sectorMcKinsey chart on automation worldwideFathom chart on US vs China AIThe opinions expressed here are those of the author, a columnist for Reuters.

☆ Morning Bid: A quart and two halves
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +5 min

A look at the day ahead in U.S. and global markets from Mike Dolan. February kicked off on Wednesday without too much trepidation about how all that will pan out. Before the Fed announcement, ADP releases its January private sector employment readout for last month and markets will also scan the December JOLTS job openings report. While markets await the 'Triple-A' of Big Tech releases on Thursday, Meta (META.O) is due to report later today and the dour news from elsewhere in the tech sector kept coming. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morning Bid: 'Soft landing' or 'no landing'?
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +5 min

As U.S. Federal Reserve's Federal Open Market Committee kicks off its two-day policymaking meeting, the economic news from around the world brightened considerably. China's economic activity swung back to growth in January after three months of contraction, according to official business surveys released on Tuesday. The euro zone economy confounded forecasts for a quarterly contraction of gross domestic product in the final three months of 2022. Eurostat estimated GDP in the bloc rose 0.1% in Q4 despite consensus expectations for a fall of 0.1%. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Why biotech CEOs are growing more cautious about going public — and what they're waiting for
▼ + stars: | 2023-01-30 | by ( Andrew Dunn | Yeji Jesse Lee | ) www.businessinsider.com time to read: +6 min

Biotech-startup CEOs are taking more nuanced approaches to going public amid a downturn. SAN FRANCISCO — After record years of initial public offerings in 2020 and 2021, biotech leaders told Insider that the "recipe" for going public no longer works. Most biotechs saw their valuations increase by between 20% and 50% after going public. Insider asked five startup CEOs about how they approach going public and their perspectives on the biotech-IPO market for 2023. But going public doesn't carry an importance of validation for herself or the field of biotech companies specializing in AI, she said.

☆ Ford and Tesla slashed car prices — but only one is giving customers who missed out their money back
▼ + stars: | 2023-01-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Ford is working to refund Mach-E owners after cutting prices. Ford, the first to hit back against Musk's price war, is taking a different approach with its price cuts. "We want our customers to know they made the right decision by choosing a Mustang Mach-E," Gaja said. Ford hitting back at Tesla's EV price war is the company's latest move to compete directly with Musk's electric car company. Are you a Mustang Mach-E owner or a Tesla owner impacted by price cuts?

☆ Dry January was my entryway to sobriety. It's making me a better parent.
▼ + stars: | 2023-01-29 | by ( Annalise Mabe | ) www.businessinsider.com time to read: +3 min

I realized that after just two glasses of wine, I felt the effects the morning after. To put it plainly, I was neglecting my family and well-being for the short-lived relief: a little buzz to take the edge off. But I started to feel the accumulation of cashing in each day with alcohol. I've found that sobriety, or my sober-curious path, is so worth it. I feel more present and able to play with my daughter when she invites me to chase her, running in our backyard.

☆ Wall St Week Ahead Recession fears pose challenge to energy shares after stellar year
▼ + stars: | 2023-01-28 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 energy sector (.SPNY) is up 4.2% year-to-date, slightly lagging the rise for the broader index (.SPX). Goldman Sachs, RBC Capital Markets and UBS Global Wealth Management are among the Wall Street firms recommending energy stocks. He said he is slightly overweight the energy sector, including shares of Chevron and Pioneer Natural Resources (PXD.N). But earnings are expected to decline 15% this year, the biggest drop among the 11 S&P 500 sectors. Energy companies executed $22 billion in share buybacks in the third quarter, just over 10% of all S&P 500 buybacks.

☆ Wall Street Week Ahead Recession fears pose challenge to energy shares after stellar year
▼ + stars: | 2023-01-27 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

☆ Elon Musk calmed anxious Tesla investors by acting like a normal CEO for once
▼ + stars: | 2023-01-26 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Investors went into Tesla's earnings announcement Wednesday feeling trepidation, especially given signs the CEO was distracted by a series of gaffes at Twitter. But Musk quelled these fears with solid fourth-quarter results, a confident outlook for the year, and a dose of normalcy. Musk addresses demand worriesOn a call with investors following fourth quarter results, Musk addressed the demand worries head-on. "Tesla investors were worried that Musk wasn't focused," Beck told Insider. But investors left the earnings call yesterday reassured that Musk can manage both companies at once, said Darrell Martin, CEO of Apex Trader Funding.

☆ The recipe biotech startups use to go public is being thrown out. 5 startups CEOs reveal how they're changing their focus.
▼ + stars: | 2023-01-26 | by ( Andrew Dunn | Yeji Jesse Lee | ) www.businessinsider.com time to read: +6 min

REUTERS/Ruma PaulCOX'S BAZAR, Bangladesh, Jan 24 (Reuters) - Mohammed Ismail says four of his relatives were killed by gunmen at the Rohingya refugee camps in Bangladesh between April and October last year. The group has fought against Myanmar's security forces and some Rohingya say it has been recruiting fighters, often through coercion, in the Bangladesh camps. Ismail, who lives with his parents, wife and brother, says he fears for his life and understands why some Rohingya are fleeing Bangladesh. A FRAUGHT CHOICEReuters spoke with several refugees who returned to the Bangladesh camps after abandoning journeys to Malaysia, via Myanmar, out of trepidation. "People are risking their lives on sea journeys as there is no future here and criminal activities are rising," Aziz said.

☆ Wall Street is feeling bearish, but a rare stock market pattern is hinting at a bull rally to kick off 2023.
▼ + stars: | 2023-01-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. There is little optimism for stocks among Wall Street's foot soldiers, according to the latest fund manager survey from Bank of America. As BofA pointed out, that means the so-called "pain trade" in the stock market is higher, and any sudden rally would catch investors off-guard. But Wall Street survey be damned, stocks seem to be on the brink of a rare, bullish trifecta. The surge has pushed the world's most largest crypto token to levels not seen since before the fall of FTX.

[1/18] U.S. President Joe Biden speaks with border patrol officers as he walks along the border fence during his visit to the U.S.-Mexico border to assess border enforcement operations, in El Paso, Texas, U.S., January 8, 2023. Biden on Thursday said his administration would tighten immigration enforcement by blocking Cuban, Haitian and Nicaraguan migrants at the border, expanding the nationalities of those who can be expelled back to Mexico. But that has not impressed Republicans like Texas Governor Greg Abbott, who accused him of failing to enforce immigration laws. Biden told reporters he had not yet read the letter. On the ground in El Paso, migrants greeted the new policy with trepidation.

☆ Global markets try to put last year’s misery behind them
▼ + stars: | 2023-01-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —Global stocks are striding higher on the first major trading day of 2023 as investors try to look beyond a gloomy outlook for the world economy, China’s worst Covid outbreak and stubbornly high inflation in Europe. ET Tuesday, extending strong gains posted Monday when Chinese and US markets were closed. In Asia, markets ended the day firmly in positive territory, recovering from early losses. Still waryTuesday’s market gains provide cheery news for investors after a rollercoaster 2022 that saw $33 trillion wiped off global equity markets. Kristalina Georgieva, head of the International Monetary Fund, warned in an interview with CBS that aired on Sunday that 2023 will be tougher on the global economy than 2022 was.

☆ European stocks set to log worst year since 2018
▼ + stars: | 2022-12-30 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Opening calls on Friday point to losses of 2 points for the U.K.'s FTSE 100 , a fall of 12 points for the CAC 40, while the German DAX is set to slide 18 points. The pan-European Stoxx 600 index will start the last trading day of 2022 down more than 12% since the turn of the year, its worst performance since a 13.24% annual decline in 2018. The European blue chip index enjoyed a bumper 2021, jumping 22.25% on the year. LONDON — European markets are on course for their worst year since 2018 as Russia's war in Ukraine, high inflation and tightening monetary policy hammered risk assets around the world. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

☆ Wall Street surges in bargain-hunting rally, oil slides
▼ + stars: | 2022-12-29 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 27, 2022. All three major U.S. stock indexes rose in a broad-based rally, with the tech-heavy Nasdaq leading the pack. "We didn’t have a Santa Claus rally, so we’re seeing a bit of dip buying as well." The pan-European STOXX 600 index (.STOXX) rose 0.57% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.14%. The dollar index fell 0.4%, with the euro up 0.48% to $1.0659.

☆ European markets set for slightly lower open as caution abounds to end the year
▼ + stars: | 2022-12-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets are set for a slightly lower open on Thursday as caution returns to global stocks, with investors assessing a number of likely headwinds in 2023. Britain's FTSE 100 is seen around 24 points lower at 7,473, Germany's DAX is expected to drop by around 38 points to 13,888 and France's CAC 40 is set to open around 19 points lower at 6,491. European markets look set to continue the weak sentiment in Asia-Pacific overnight, where markets followed Wall Street's losses as investors looked with trepidation to the year ahead. U.S. stock futures ticked slightly higher in early premarket trade on Thursday. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

☆ Tech stocks got whacked in 2022 — but one server maker soared almost 90%, beating all its peers
▼ + stars: | 2022-12-28 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Heading into 2023, the outlook for the server market is murky, especially in the early part of the year. He said tech companies can move faster with Supermicro servers and are willing to pay for execution and the company's design skills. Another specialized market Supermicro is targeting is servers for 5G or telecom applications, using a new kind of approach called OpenRAN. Supermicro said in November that a big unnamed customer was responsible for nearly 22% of the company's sales in the quarter. Intel and AMD have issued downbeat prospects for the server market, and companies of all sizes are cutting costs.

☆ Three stocks this week will give us a better idea about the overall earnings outlook
▼ + stars: | 2022-12-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

While none of these have been a disaster, only one company — Autozone — has seen first quarter estimates rise after its report, according to Nick Raich at The Earnings Scout. And that is the problem: Earnings estimates have been trending down for weeks. Like all multinational retailers, analysts began slashing Nike's second half 2022 earnings estimates and 2023 estimates this summer. Single-stock ETFs Nike's earnings out after the bell today will focus some attention on a curious phenomenon from 2022: single stock ETFs. Like most of the other single stock ETFs, this has failed to attract any significant assets.

☆ Career advice from a Fortune 500 CEO: ‘Go into places and experiences that make you uncomfortable’
▼ + stars: | 2022-12-19 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

Now the CEO of financial services Fortune 500 company Edward Jones, Pennington grew up in Nashville, Tennessee, both her parents executives in their fields. Pennington went to the University of Virginia to study finance and ended up working in investment banking for 14 years before getting hired at Edward Jones in the year 2000. She became CEO in 2019 and is now one of just 9% of CEOs in the Fortune 500 who are women, according to the Women Business Collaborative. Here are four pieces of career advice Pennington has for those wanting to find success in their career, whether that's at the top of a trillion-dollar company or not. "Go into places and experiences that make you uncomfortable," she says, adding that, "that's where the growth comes.

☆ 3 members of Twitter's Trust and Safety Council quit: 'Red lines have been crossed'
▼ + stars: | 2022-12-09 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Three members of Twitter's Trust and Safety Council resigned this week. Twitter's Trust and Safety Council, formed in 2016, consists of several dozen people and independent organizations that Twitter says help "advocate for safety and advise us as we develop our products, programs, and rules." Our answer is a categorical 'no,'" the departing council members' release continued. Council members have been "mystified by the lack of communication" since Musk took charge, according to Collier. I'm deeply saddened to see the rise in racist, violent and hate speech in recent months."

☆ Morning Bid: China reopening as volatility ebbs
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +4 min

What's more, Wall Street's 'fear index' is showing little if any trepidation about the final month of the year. Even though it backed up a bit today, the VIX index of implied S&P500 volatility (.VIX) closed at its lowest in 8 months on Friday. Morgan Stanley updated its China equity recommendation to overweight, citing "multiple positive developments alongside a clear path set towards reopening." China's yuan , surged past 7 to the dollar in onshore and offshore markets - its best levels in almost three months. The China re-opening optimism buoyed the oil price even as OPEC+ nations at the weekend held their targets steady despite last week's market speculation of another output cut.

☆ Members of Congress try to distance themselves from FTX campaign contributions
▼ + stars: | 2022-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMembers of Congress try to distance themselves from FTX campaign contributionsCNBC's Ylan Mui joins 'The Exchange' to discuss the FTX Senate hearings, congressional contributions from Sam Bankman-Fried made prior to the FTX fallout and congressional trepidation around crypto donations going forward.

☆ Manchester United fans want more say under any new owners
▼ + stars: | 2022-11-23 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 23 (Reuters) - Manchester United needs new owners and fresh investment to halt years of decline and fans should be given a real say in how the club is run in future, the Supporters Trust MUST said on Wednesday. "Any new ownership structure must embed supporters, including a degree of fan share ownership, in their operating model." Manchester (United) is a marketing club," Portuguese forward Cristiano Ronaldo said this month in an explosive interview that led to his departure. Duncan Drasdo, the MUST chief executive, told Sky Sports television "the real way to unlock the value of Manchester United is to work in partnership with the fans, not exploit them as customers. Ratcliffe, a lifelong United fan who heads chemicals company INEOS, said last month he had contacted the Glazer family about buying United but was told the club was not for sale.

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