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In that light, the Fed's interest rate hiking cycle is close to an end. That is still well above the Fed's target, but the speed and direction of travel since June's four-decade high of 9.1% is clear. U.S. breakeven inflation rates - the gap between yields on inflation-protected Treasuries and regular notes - reflect this. The two-year breakeven inflation rate this week fell as low as 2.02%, the lowest since December 2020. This will drive down the average inflation rate, whatever the time horizon.

☆ Triller missed its target for going public again, as it waits for the SEC to OK its confidential filing
▼ + stars: | 2023-01-10 | by ( Dan Whateley | ) www.businessinsider.com time to read: +9 min

Triller is in a holding pattern on its path to becoming a public company. A spokesperson said that once its registration statement is declared effective, it will make the filing public for the required time ahead of its public listing. The long slog toward becoming a public company as lawsuits pile upTriller has been pursuing a public offering for over a year. In December 2021, Triller announced it instead planned to go public via a reverse merger with the video-tech company Seachange International. "After much deliberation, Triller has determined that the best course of action is a direct listing for Triller."

☆ Dollar slips near seven-month lows after jobs data
▼ + stars: | 2023-01-09 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

But, with consumer inflation data due later this week, it's the outlook for price pressures that is still front and centre for investors. The dollar index , which measures the U.S. dollar against six major currencies, was last down 0.1% at 103.62, having fallen 1.15% on Friday as investors shifted into riskier assets. However, the labour market is still tight and likely to deter the Fed from slowing down any time soon, analysts said. The Japanese yen was the outlier among the major currencies, easing 0.2% to 132.33 per dollar. Optimism over a swift economic recovery sent China's offshore yuan towards five-month highs against the dollar on Monday.

☆ Job growth expected to have cooled in December but not enough to slow Fed rate hikes
▼ + stars: | 2023-01-05 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The data is important since the Fed has been trying to slow the hot labor market in its fight against inflation. Economists surveyed by Dow Jones also expect that the unemployment rate remained at 3.7% in December, while average hourly wage growth slowed to 0.4% from 0.6% in November. "Their forecast has the unemployment rate rising. "If you need the unemployment rate to rise, you need jobs to fall below 70,000 to 100,000." The Fed has raised interest rates seven times since last March, and the fed funds rate is now at 4.25% to 4.5%.

☆ Euro zone recession may not be as deep as expected -PMI
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +2 min

LONDON, Jan 4 (Reuters) - Euro zone business activity contracted less than initially thought at the end of last year as price pressures eased, according to a survey which suggested the bloc's recession may not be as deep as expected. S&P Global's final composite Purchasing Managers' Index (PMI) for the euro zone, seen as a good gauge of economic health, rose to 49.3 in December from November's 47.8, above a preliminary estimate of 48.8. "Nevertheless, there is little evidence across the survey results to suggest the euro zone economy may return to meaningful and stable growth any time soon." Overall demand declined for a sixth straight month, albeit at a shallower pace than initially thought. The PMI new business index bounced to 47.0 from 45.8, comfortably above the 46.5 flash estimate.

☆ A sports tech startup lost millions — then made it big. Here's how its millennial founders staged a comeback
▼ + stars: | 2022-12-23 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

Losing millions of dollars when they were 24 years old was a defining moment for entrepreneurs Harsh Jain and Bhavit Sheth. More than a decade after its launch, their company Dream Sports says it's now valued at $8 billion dollars, with 160 million users to boot. Dream Sports is a sports tech firm from India that owns Dream11, the biggest fantasy gaming platform in the country. Harsh Jain and Bhavit Sheth launched their startup Dream11 when they were just 22 — but it quickly "crashed and burned." That is something they learned from losing a large sum of money in the early days of their company, Jain added.

☆ UBS expects this global tech stock to see a 60% upside despite headwinds and reopening challenges
▼ + stars: | 2022-12-14 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

UBS is bullish on GoTo Group , and changed its 12-month rating for Indonesian e-commerce and ride-hailing giant from "sell" to "buy." GoTo shares surged as much as 33% during Tuesday trading after the Swiss investment bank did a double upgrade of the stock. Despite subsidy reductions and tough macro conditions, GoTo has been growing quarter-on-quarter in key segments, UBS said in its report. UBS Still, UBS lowered its 12-month price target for GoTo by 33% to 160 rupiah, from a previous target of 240 rupiah. "The expiry of lock-up and steady progress towards profitability in end-2023 should help the stock re-rate, in our view," said the UBS report.

☆ Dollar edges up, investors weigh outlooks for rates and economy
▼ + stars: | 2022-12-08 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

Next week brings a raft of major central bank decisions, including those from the Federal Reserve, the European Central Bank and the Bank of England. The key question for traders and investors is whether inflation has reached a peak, giving policymakers more scope to deliver smaller interest-rate rises over the coming months. The yield on the 10-year Treasury has fallen almost continuously since hitting a 15-year high in late October, having shed almost a full percentage point. The 10-year yield was last up 5 bps at 3.45%, having neared is lowest in almost three months overnight. Additional reporting by Kevin Buckland in Tokyo; Editing by Simon Cameron-Moore and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar eases against euro as investors weigh rates outlook
▼ + stars: | 2022-12-08 | by ( ) www.cnbc.com time to read: +3 min

The dollar edged lower on Thursday against the euro as investors weighed the outlook for U.S. Federal Reserve policy against the chances that higher interest rates could lead to a recession. Traders and investors will be on the watch for any signs that the Fed is getting ready to pause its hikes. The dollar was down 0.37% at $1.05435 against the euro at 9:45 a.m. EST (1545 GMT), and up 0.13% at $1.2228 versus the pound. The 10-year yield was last up 4 bps at 3.44%, having neared is lowest in almost three months overnight. Rates are now seen peaking at just below 5% in May.

Investors' glass is definitely looking half empty. Import and export activity in November slumped at the fastest pace for two and a half years, resulting in the smallest surplus since April. chartBrent crude oil fell to a 2022 low below $77 a barrel, shrinking its year-on-year gain to just 2%. The U.S. 10-year Treasury yield hit a three-month low of 3.42% and is down 90 basis points from its October peak. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

RIYADH, Dec 7 (Reuters) - Saudi Arabia expects to post a second consecutive budget surplus in 2023, though down 84% from this year as an uncertain global economic outlook and lower crude prices look set to weigh on the top oil exporter's revenues. Spending is slightly lower than 1.132 trillion riyals this year. Revenues are expected at 1.13 trillion riyals, down from 1.234 trillion riyals in 2022 as oil prices are seen falling from this year's high levels. Public debt is seen falling 3.5% to 951 billion riyals next year, or 24.6% of GDP. Government reserves at the Saudi Central Bank are estimated to reach 399 billion riyals at the end of next year, the finance ministry said.

☆ Global airlines see return to profitability in 2023
▼ + stars: | 2022-12-06 | by ( Emma Farge | ) www.reuters.com time to read: +4 min

[1/2] Global airline industry body International Air Transport Association (IATA) Director General Willie Walsh attends an interview with Reuters in Doha, Qatar, June 19, 2022. Airlines lost tens of billions of dollars in 2020 and 2021 due to the pandemic, but air travel has partially recovered and some airports have struggled to cope. DOWNSIDE RISKIATA believes global air traffic levels will return to pre-COVID or 2019 levels by 2024, led by the United States and with Asia-Pacific "notably lagging." If China does not loosen restrictions, airlines' profitability would be affected. Walsh said airlines had survived the worst of the downturns, though Europe's fragmented market remained an area to watch.

☆ Manufacturing orders from China down 40% in unrelenting demand collapse
▼ + stars: | 2022-12-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

U.S. manufacturing orders in China are down 40 percent, according to the latest CNBC Supply Chain Heat Map data. HLS expects most carriers to extend their West Coast rates until December 14, holding at $1,300-$1,400 per forty-foot equivalent containers (FEU). The 2M Alliance of Maersk and MSC has suspended almost half of its U.S. West Coast services for December. is also impacting Vietnam, which has been booming as a manufacturing hub as more trade moved away from China. Canceled ocean sailings bound for Vietnam are up 50% for December.

☆ Jim Cramer's top 10 things to watch in the market Thursday: Cooler inflation, Salesforce co-CEO exit
▼ + stars: | 2022-12-01 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Club holding Salesforce (CRM) saw the departure of co-CEO Bret Taylor, leaving co-founder Marc Benioff as sole CEO, again. Five Below (FIVE) blowout quarter and stock jumps more than 9% in the premarket; in keeping with the discounter retailers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Jim Cramer's top 10 to watch Wednesday: Fed's Powell, Alzheimer's data
▼ + stars: | 2022-11-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Club holding Salesforce (CRM) is set to report fiscal third-quarter 2023 financial results after the closing bell Wednesday. Atlantic Equities says there's "no easy fix" at Club holding Disney (DIS) for returning CEO Bob Iger. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Amazon thought Alexa would be the next iPhone. Turns out it's a 'glorified clock radio.'
▼ + stars: | 2022-11-30 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +5 min

Amazon's Alexa was Jeff Bezos' pet project; now it's a target for the company's cost-cutting. The Amazon Echo debuted in 2014 and was the company's first real success as a hardware manufacturer. The stand-alone voice assistant was immediately useful, and by 2018, the company sold more than 100 million Alexa-enabled devices. It even licensed the Alexa voice assistant to other manufacturers, hoping to make the assistant ubiquitous throughout people's homes. But as Amazon faces a new era of cost discipline, a "glorified clock radio" can't lose $10 billion a year or employ 10,000 people.

In a surprise move, the Canadian government said earlier this month that it had decided to cease issuance of real return bonds (RRBs), citing low demand. That makes them an expensive form of financing for the government, but cost should not be the only consideration, investors say. The median allocation by defined benefit pension plans, a major category, to RRBs was 5.2% in 2021, data covering members of the Pension Investment Association of Canada (PIAC) shows. U.S. Treasury Inflation-Protected Securities (TIPS) could act as a proxy but are not an exact hedge against Canadian inflation. Breakeven rates are the difference between yields on nominal and real return bonds.

☆ Shares of DraftKings could surge 40%, to more than $20, Piper Sandler says
▼ + stars: | 2022-11-18 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Shares of DraftKings could surge 40% from their current level, according to Piper Sandler. Analyst Matt Farrell initiated research coverage of DraftKings with an overweight rating, saying it's time for investors to take another look at the online sports betting company. Because of those concerns, shares of DraftKings tumbled more than 45% this year. Still, Piper expects that DraftKings has a "clear and repeatable" path to profitability, as the company targets fourth quarter 2023 as a breakeven point, based on 2023 adjusted EBITDA estimates, according to the note. "Overall, we recommend investors own DraftKings for exposure to the rapidly growing online sports betting and iGaming markets," Farrell wrote.

☆ Grab pares losses by 24% in third quarter; deliveries segment breaks even earlier than expected
▼ + stars: | 2022-11-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Singapore-based ride-hailing and food delivery giant Grab narrowed losses and broke even in its deliveries segment for the first time since 2012, during the third quarter. The company posted an adjusted earnings before interest, taxes, depreciation and amortization loss of $161 million, a 24% improvement from the adjusted EBITDA loss of $212 million in the same period a year ago. Grab offers a range of services including ride-hailing, food delivery, package delivery, grocery delivery and mobile payments through GrabPay. Food deliveries also reported positive adjusted EBITDA in the third quarter, two quarters ahead of its previous guidance. "We achieved core food deliveries and overall deliveries segment-adjusted EBITDA breakeven ahead of guidance while narrowing our overall loss for the period significantly.

☆ Sea is turning the tide
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Nov 16 (Reuters Breakingviews) - The loss-making Southeast Asian technology giant’s decision to ditch its growth-at-all-costs strategy is showing results. The $28 billion U.S. listed games-to-payments company Sea (SE.N) has been exiting some markets and slashing jobs and discounts. Overall group revenue grew 17% to $3.2 billion in the quarter, beating analyst estimates. Sea is now working toward achieving Shopee’s adjusted EBITDA breakeven by the end of 2023. The improvements will shore up support for its decision to remain in Brazil, a big emerging market.

The Producer Price Index measures inflation at the firm level, showing the change in prices paid for the supplies, materials and services that businesses use, and for the final goods that retailers resell. Prices for final goods less volatile commodities and shipping costs rose 0.2% in October, continuing a slow pace for those "core" items. The model shows the Fed rate now rising only to 4.75%-5.00% in March, whereas a week ago it showed the Fed rate likely exceeding 5% by then. The breakeven-inflation rate on the 5-year Treasury Inflation Protected Security slid to the lowest in a month at 2.38%. Shepherdson has been focused on the producer price index as more important than usual because of market distortions driven by the pandemic, and said that a drop in the index's margin components would influence the direction of consumer prices going forward.

☆ Here's how bitcoin futures ETFs performed in a dramatic week for crypto
▼ + stars: | 2022-11-13 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

The ProShares Bitcoin Strategy ETF (BITO) and Short Bitcoin Strategy ETF (BITI) both saw their largest daily trading volumes on record last week. Applications for a true spot bitcoin ETF have been consistently rebuffed by the SEC , but the agency did allow bitcoin futures ETFs to launch. Bitcoin futures do not perfectly track spot bitcoin and the ETFs can carry additional costs for investors, such as the potential for roll costs when the fund swaps out expiring futures for new ones. However, bitcoin futures are also financially settled, meaning there is no bitcoin that changes hands or is held in an account. He added that the roll costs for bitcoin futures have come down sharply since the ETFs launched.

☆ India's Zomato posts smaller net loss as online orders jump
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 10 (Reuters) - Indian food delivery firm Zomato Ltd (ZOMT.NS) on Thursday reported a narrower loss for the second quarter thanks to a rise in volumes and value of online orders. Adjusted core loss, excluding figures for its recently acquired quick-commerce business Blinkit, narrowed to 600 million Indian rupees ($7.37 million) from 3.1 billion rupees. Gross order value - the total value of all food delivery orders placed online on Zomato's platform - jumped nearly 23% to 66.31 billion rupees, slightly below Morgan Stanley's estimate of 67 billion rupees. Revenue from operations jumped 62% to 16.61 billion rupees, with its food delivery business registering a growth of 33%. Consolidated net loss stood at 2.51 billion rupees for the three months ended Sept. 30, compared with 4.30 billion rupees a year earlier, the Gurugram-based company said in an exchange filing.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, AMC, Kroger, Disney, Robinhood & more
▼ + stars: | 2022-11-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Evercore ISI upgrades Kroger to outperform from in line Evercore said in its upgrade of the stock that it sees "high teen upside." Wedbush reiterates Tesla as outperform Wedbush says it's concerned about company founder Elon Musk selling shares of Tesla. "For Musk who multiple times over the past year has said he is 'done selling Tesla stock' yet again loses more credibility with investors and his loyalists in a boy who cried wolf moment. Musk is the most important part of the Tesla story by a wide margin and every move he makes has a major impact on Tesla stock." Morgan Stanley reiterates Disney as outperform Morgan Stanley says it's standing by shares of Disney after the company's disappointing earnings report on Tuesday.

☆ We're disappointed by Amazon's terrible results, stock plunge; but sticking with it for now
▼ + stars: | 2022-10-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Considering all the cross currents and a terrible initial stock reaction, we're going to sit tight on the stock for now. Segment Q3 sales Online Stores: $53.49 billion, up 13% year over year excluding-FX, missed the $54.27 billion expected. Physical Stores, mostly Whole Foods: $4.69 billion, up 10% from last year ex-FX, in line with the $4.71 billion expected. AWS: $20.54 billion, up 28% year over year excluding-FX, and a miss versus the $21.2 billion expected. Advertising Services: $9.55 billion, up 30% year over year excluding-FX, and a slight beat versus the $9.481 billion expected.

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