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British pound coins are seen in this illustration taken November 9 2021 REUTERSDado RuvicIllustration LONDON Sept 15 Reuters Sterling was little changed against the dollar and the euro on Thursday hovering above a 35 year low touched last week against the greenback as investors fret about the economic outlook and continue to favour the US currency Sterling has been one of the worst performing major currencies in 2022 hit by expectations of a long recession stubbornly high inflation and political instability New Prime Minister Liz Truss s plans to fund a mammoth energy support package by increasing borrowing have added to investor concerns about the long term outlook for the British economy There s a lot of talk about stagflation at the moment and the one place that has it right now is the UK economy said Ben Laidler global markets strategist at eToro That s a big reason why the currency has done so badly this year By 0744 GMT the pound was down 01 against the dollar at 11524 just above last week s 35 year low of 11407 Against the euro sterling was little changed at 86495 pence The Bank of England BoE meets next week and is expected to raise its interest rate by at least 50 basis points bps possibly even 75 bps as it looks to slow the rate of inflation Money markets are fully pricing in a half point rate rise at Thursday s meeting and currently imply around a 65 chance of a larger 75 basis point rise according to Refinitiv data Data released on Wednesday showed consumer price inflation fell last month for the first time in almost a year However the core consumer price index which strips out food energy alcohol and tobacco prices rose to its highest since 1992 read more The BoE releases its monthly survey on inflation expectations on Thursday although economists are playing down the importance after the government announced a new energy support package after the fieldwork was completed With the August survey responses having been collected prior to the government s announcement of the Energy Price Guarantee scheme the results of the latest quarterly survey are likely to be seen as somewhat redundant Lloyds Banking Group economist Hann Ju Ho said in a note

Kentucky Gov Andy Beshear signed a measure regulating hemp derived Delta 8 THC products on Thursday House Bill 544 from state Rep Rebecca Raymer R Morgantown advanced through both state legislative chambers earlier this month The measure makes it illegal for those under 21 to purchase Delta 8 THC products The legislation also prohibits the possession of delta 8 and other hemp derived substances for those under 21 while requiring retailers to keep the products behind a counter In addition it would put guidelines for labeling and a testing and approval process for all products The Cabinet for Health and Family Services has until Aug 1 to start with the process of regulating Delta 8 THC and any other hemp derived substances We did our best in an executive order but we couldn t do many things in that executive order that you can via legislation Beshear said during a press conference So this really good bill codifies the executive order into law but it does a lot else in establishing a regulatory structure In November Beshear regulated the sale of Delta 8 by signing an executive order alongside another order regulating cannabis even though the substance has yet to be federally scheduled What Is Delta 8 THC Delta 8 THC is a chemical component of the cannabis plant Even though it s found in small concentrations naturally it can produce mild psychoactive effects in some people similar to Delta 9 THC New industrial methodologies enable the controversial Delta 8 THC to be converted from CBD derived from hemp Products developed due to the 2018 federal Farm Bill that legalized hemp are therefore not subject to the exact testing requirements as cannabis creating a legal loophole Photo Courtesy of Elsa Olofsson on Unsplash

JP Morgan raised the price target for Dillard s Inc NYSEDDS from 210 to 298 Dillard s shares rose 09 to 30442 in pre market trading Atlantic Equities lowered the price target on Comcast Corporation NASDAQCMCSA from 60 to 44 Comcast shares fell 13 to 3949 in pre market trading Barclays cut Green Dot Corporation NYSEGDOT price target from 31 to 25 Green Dot shares fell 17 to 2323 in pre market trading Keybanc raised the price target on Paycom Software Inc NYSEPAYC from 390 to 432 Paycom Software shares fell 01 to 39380 in pre market trading Raymond James reduced price target for Aveanna Healthcare Holdings Inc NASDAQAVAH from 8 to 6 Aveanna Healthcare shares rose 09 to close at 214 on Friday Telsey Advisory Group cut the price target on The Honest Company Inc NASDAQHNST from 12 to 8 Honest Company shares rose 05 to 395 in pre market trading SVB Leerink cut the price target for Seagen Inc NASDAQSGEN from 159 to 152 Seagen shares fell 12 to 16806 in pre market trading HC Wainwright Co reduced the price target on Co Diagnostics Inc NASDAQCODX from 12 to 9 Co Diagnostics gained 07 to 451 in pre market trading Morgan Stanley raised the price target on Coupang Inc NYSECPNG from 18 to 25 Coupang shares rose 09 to 1871 in pre market trading B of A Securities boosted the price target on Green Plains Inc NASDAQGPRE from 40 to 43 Green Plains shares fell 33 to 3889 in pre market trading Don’t forget to check out our premarket coverage here Check out this US Stock Futures Lower After SP 500 Nasdaq Record Gains For 4th Consecutive Week

Feb 10 Reuters A US judge on Friday dismissed a lawsuit accusing Robinhood Markets Inc HOODO of misleading investors when conducting its 2021 initial public offering about the brokerage s financials and growth prospects Shareholders in the proposed class action said that just before going public in July 2021 Robinhood concealed severe deterioration in key metrics including the number of people who actively used its platform how much revenue they generated cryptocurrency trading volume and assets under custody They said Robinhood s stock price fell as much as 82 to 681 from the 38 IPO price as reality set in US District Judge Edward Chen in San Francisco however said the investors failed to show that Robinhood s disclosures in IPO registration materials and prospectus were false or misleading or that the declines were historically extraordinary He also said the paperwork contained warnings about future growth and that while the warnings were not particularly robust they offset a claim that Robinhood should have disclosed more Lawyers for the investors did not immediately respond to requests for comment Robinhood and its lawyers did not immediately respond to similar requests Reporting by Jonathan Stempel in New York Editing by Kirsten Donovan

Although US stocks closed higher on Thursday there were a few notable insider trades When insiders purchase shares it indicates their confidence in the company s prospects or that they view the stock as a bargain Either way this signals an opportunity to go long on the stock Insider purchases should not be taken as the only indicator for making an investment or trading decision At best it can lend conviction to a buying decision Below is a look at a few recent notable insider purchases For more check out Benzinga s insider transactions platform ProFrac Holding The Trade ProFrac Holding Corp NASDAQACDC 10 owner Dan Wilks acquired a total of 902995 shares an average price of 1219 To acquire these shares it cost around 1101 million What’s Happening ProFrac Holding reported worse than expected Q4 results What ProFrac Holding Does ProFrac Holding Corp is engaged in providing hydraulic fracturing completion services and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources 89bio The Trade 89bio Inc NASDAQETNB Director Rajeev Shah acquired a total of 2461538 shares at an average price of 1625 To acquire these shares it cost around 40 million The company’s Director Michael R Hayden also bought the company’s shares What’s Happening 89bio priced its offering of 16923077 shares of its common stock at 1625 per share What 89bio Does 89bio Inc is a United States based clinical stage biopharmaceutical company focused on the development and commercialization of therapies for the treatment of liver and cardio metabolic diseases Don’t forget to check out our premarket coverage here DICE Therapeutics The Trade DICE Therapeutics Inc NASDAQDICE Director Rajeev Shah bought a total of 509145 shares at an average price of 2907 To acquire these shares it cost around 148 million The company’s CSO John R Jacobsen also bought the company’s shares What’s Happening DICE Therapeutics posted a wider than expected quarterly loss What DICE Therapeutics Does DICE Therapeutics Inc is a biopharmaceutical company leveraging proprietary technology platform to build a pipeline of novel oral therapeutic candidates to treat chronic diseases in immunology and other therapeutic areas Check This Out These 3 Materials Stocks Delivering High Dividend Yields Are Recommended By Wall Street s Most Accurate Analysts

Reddit app is seen on a smartphone in this illustration taken July 13 2021 REUTERSDado RuvicIllustrationFile Photo Jan 7 Reuters Social media platform Reddit Inc whose message boards became central to meme stock trading frenzy in 2021 is tapping Wall Street banks Goldman Sachs Group GSN and Morgan Stanley MSN for its initial public offering Bloomberg News reported on Friday citing people familiar with the matter Reddit is aiming for a valuation of over 15 billion at the time of its flotation sources had previously told Reuters read more Reddit did not immediately respond to a Reuters request for comment Reporting by Chavi Mehta in Bengaluru Editing by Shailesh Kuber

Since FTX filed for bankruptcy Litecoin CRYPTO LTC has outperformed all other cryptocurrencies rising 57 compared to Ethereum CRYPTO ETH which rose 12 and Bitcoin CRYPTO BTC which gained just 3 What Happened The rally can be attributed to the upcoming LTC halving in mid 2023 when the block reward will be slashed from 125 LTC to 625 LTC according to Delphi Digital a crypto research platform “With a market starved for narrative the LTC halving may capture the attention of market participants and could pull liquidity away from other tokens” the analyst note said In the lead up to the August 2019 halving LTC experienced a surge of more than 500 in a 200 day period peaking two months prior to the event If a similar scenario were to play out from June s low of 53 then prices could potentially reach an interim high of 265 See More Best Crypto Apps What Is Halving It is a deflationary mechanism programmed into the cryptocurrency’s network So every four years the rewards miners receive for generating blocks are halved This is not beneficial for miners but it assists in reducing the amount of newly created coins This consequently amplifies the worth of existing LTC that can be mined as there are now half as many In 2015 the inaugural Litecoin halving happened in August where the miners rewards per block were decreased from 50 LTC to 25 LTC In August 2019 the second halving occurred and the miners reward was further reduced to 125 LTC In August 2023 Litecoin is scheduled to experience its next halving which will result in a decrease in the rewards for miners to 625 LTC representing a 50 decrease from the current rate Price Action At the time of writing LTC was trading at 8053 down 4 according toBenzinga Pro data Read Next Bitcoin Ethereum Dogecoin Struggle With Rate Hike Anxiety Analyst Says Crypto Relief Rally Isn t Over

Two monetary policy experts threw cold water Wednesday on a suggestion from Atlanta Fed President Raphael Bostic that the central bank might pause in September after two large half percentage point rate hikes in June and July “I am puzzled by this notion they should pause in September because if they pause in September it means that this economy is much more fragile that what you think it is” said Mohammed El Erian chief economic advisor at Allianz in an interview on CNBC “This economy is still pretty strong Especially the labor market” he said “So the Fed should be giving a signal beyond the next two meetings that it expects to continue hiking until inflationary expectations are well contained Otherwise we are going to be talking about this problem next year” he said Perhaps the Fed can slow to a 25 basis point rate hike in September if it is comfortable with what it is seeing he said Minutes of the Fed’s May meeting showed that most Fed officials support half percentage point moves at both the Fed’s June and July meeting That will bring the Fed’s benchmark rate to a level of 175 2 However last week Atlanta Fed President Raphael Bostic suggested that a pause in the rate hiking cycle in September Since then Bostic in an interview with MarketWatch on Tuesday said the market had reacted quickly to the Fed’s plan to curb inflation and the Fed needed to gauge whether economic conditions were also changing as the Fed hiked rates He added that his suggestion that the central bank take a September “pause” in its push to raise interest rates should not be construed in any way as a “Fed put” or belief that the central bank would come to the rescue of markets Former New York Fed President William Dudley “of course” the Fed will pause at some point but said he thinks the Fed will not stop hiking rates until later in the fall In an interview with Bloomberg on Wednesday Dudley said the Fed will get to 3 level “pretty easily” and will probably “have to push beyond that ultimately” Stocks SPX DJIA were lower on Wednesday on fears of high inflation The yield on the 10 year Treasury note TMUBMUSD10Y rose to 294

That s according to Karen Firestone of Aureus Asset Management who appeared on CNBC’s “Halftime Report Final Trades” “They run the biggest exchange for derivatives and interest rate products and commodities Firestone said “They will have higher earnings than expected and this continues for the rest of the year Earnings estimates have been increasing” Aureus says CME is a stock that over the next couple of quarters will outperform even though it hasn’t been a very good performer this year It’s down 15 year to date and so that’s my pick today” Firestone added Meanwhile Jason Snipe of Odyssey Capital Advisors pointed out how AbbVie Inc ABBV has an “8 free cash flow yield and a dividend yield of a little over 4 It’s important to “take a defensive posture in a very difficult market” he added citing how AbbVie has beaten expectations in the last 14 quarters Just a solid name in this space” he said Joshua Brown of Ritholtz Wealth Management chose iShares 1 3 Year Treasury Bond ETF SHY saying “your choices are not limited to cash or stocks” “This is short term bonds now yielding north of 3” he mentioned “If you’re unsure about whether or not the retest of the June lows will be successful this is the type of place that you can very easily hide out with a portion of your money until we have a little more confirmation if that’s going to hold Stephen Weiss of Short Hills Capital Partners named ProShares Short QQQ ETF PSQ as his final trade

A whale with a lot of money to spend has taken a noticeably bullish stance on SLB Looking at options history for SLB NYSESLB we detected 13 strange trades If we consider the specifics of each trade it is accurate to state that 53 of the investors opened trades with bullish expectations and 46 with bearish From the overall spotted trades 4 are puts for a total amount of 175930 and 9 calls for a total amount of 335046 What s The Price Target Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 275 to 625 for SLB over the last 3 months Volume Open Interest Development Looking at the volume and open interest is a powerful move while trading options This data can help you track the liquidity and interest for SLB s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of SLB s whale trades within a strike price range from 275 to 625 in the last 30 days SLB Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted Symbol PUTCALL Trade Type Sentiment Exp Date Strike Price Total Trade Price Open Interest Volume SLB CALL TRADE BEARISH 051923 6000 691K 31K 188 SLB PUT TRADE BULLISH 051923 5500 664K 799 192 SLB CALL SWEEP BULLISH 120922 5200 584K 17K 606 SLB PUT SWEEP BEARISH 121622 4750 370K 37K 24 SLB PUT TRADE BULLISH 051923 5500 362K 799 101 Where Is SLB Standing Right Now With a volume of 4247598 the price of SLB is up 113 at 5234 RSI indicators hint that the underlying stock is currently neutral between overbought and oversold Next earnings are expected to be released in 49 days What The Experts Say On SLB Piper Sandler has decided to maintain their Overweight rating on SLB which currently sits at a price target of 64 RBC Capital has decided to maintain their Outperform rating on SLB which currently sits at a price target of 66 Morgan Stanley has decided to maintain their Overweight rating on SLB which currently sits at a price target of 55 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for SLB Benzinga Pro gives you real time options trades alerts

The Dow industrials staged their first ever 1000 point plus intraday U turn to result in a gain while other notable benchmarks also rallied in the final minutes of trading and reversed a sharp selloff Investors are awaiting an important two day meeting of the Federal Reserve the first of the year that is set to kick off on Tuesday and could set the tone for the rest of what has been a brutal year for bullish investors The final 10 minutes of trading saw all three major stock indexes close higher capping a dramatic day of trading that began with markets in free fall Monday morning At one point Dow industrials were down by as much as 111504 points amid persistent uncertainty and angst ahead of Wednesday s Federal Open Market Committee decision and a wave of earnings reports Monday s early stock market selloff was a reflection of surprise and fear said Mike Zigmont head of trading for Harvest Volatility Management in New York But despondency turned into optimism and potentially greed and now investors are thinking about the profit opportunities instead of the risk of lossesVolatility whether observed or implied has picked up solely as a function of this cascading selling event that started this year and came to a crescendo midday on Monday Zigmont said via phone A lot of it is trend following with computers that are doing the algorithms if the intraday path breaks downward But it also works to the upside Mark Hackett chief of investment research at Nationwide said that the market was being driven lower earlier in the day by three areas of concern 1 fundamental deterioration in corporate earnings 2 investor fear over Fed policies and geopolitical tensions 3 investor sentiment starting to crack as technical levels breakdown for equity benchmarks Indeed the SP 500 fell into correction territory dropping to as low as 422262 but managed to avoid closing below the 431690 level that would have marked an official correction A correction is typically defined as a 10 decline from the index s Jan 3 record close according to Dow Jones Market DataReadSP 500 is close to a correction Here s the number it needs to avoid Meanwhile popular assets sank with NetflixNFLX shares finishing 26 lower after swooning on Friday which contributed to investor concerns about corporate earnings and the economic outlook over much of the day The political environment also is a question mark with US and European diplomats meeting on how they can respond to the threat posed by Russia to Ukraine The Russian ruble fell on Monday to the weakest level in more than a year Investors are also probably reacting to some of the geopolitical tension between Russia and Ukraine which is increasing the level of uncertainty said Dan Eye chief investment officer at Fort Pitt Capital Group in Pittsburgh which oversaw 53 billion as of December The volatility we re seeing is normal As the Fed pivots toward fighting inflation we re going to see an environment of more push and pull and drawdowns in the stock market than we ve seen over the last two years Eye said via phone Sign up for the premarket Need to Know newsletter Which companies are in focus How are other assets faring

International stocks trading in New York closed lower on Monday The SPBNY Mellon index of American depositary receipts fell 38 to 13712 The European index declined 34 to 13031 The Asian index shrank 43 to 16170 The Latin American index was down 38 at 18564 And the emerging markets index fell 46 to 27054 BioNTech SE and Carnival PLC were among those whose ADRs traded actively BioNTech SE s revenue and net profit for the first quarter more than tripled from the year earlier The German pharmaceutical company backed its outlook for 2022 including on revenues from the Covid 19 vaccine that it developed with Pfizer Inc ADRs rose 31 to 14032 Carnival PLC s ADRs closed 11 lower at 1306 after CNN reported over the weekend that the Centers for Disease Control and Prevention is investigating a Covid 19 outbreak on a Carnival cruise ship that had left Miami last month and arrived in Seattle this month

Legal Weed Sales At Farmers Markets On Hold In NY New York Gov Kathy Hochul s administration is pausing plans to allow licensed cannabis growers and retailers to sell products at farmers markets and festivals While industry stakeholders and advocates are disappointed with the move believing it puts an additional burden on an already slow roll out of the recreational market statewide a spokesman for the New York s Office of Cannabis Management OCM told the New York Post that no final decisions have been made with respect to farmers markets OCM previously wanted to introduce cannabis farmers markets in May to tackle the supply chain challenges caused by limited retail outlets across the state Weed Sales In Maryland Boom Maryland recreational cannabis sales continue to boom with 104 million garnered over the Fourth of July weekend reported CBS News citing data from the Maryland Cannabis Administration Christi Kekich owner of GreenLabs in Baltimore said the launch of recreational sales statewide which took place on Saturday July 1 was a long process But the waiting has paid off I think we have actually received more people than we had projected Kekich said What s Next for AL s Medical Marijuana Program Following Suspension Alabama s Medical Cannabis Commission is scheduled to meet on Monday to discuss a program update reported WHNT The move follows the cannabis regulator s decision to indefinitely suspend all licensing for cultivators dispensaries and related businesses involved in the state s fledgling medical marijuana program citing inconsistencies in the tabulation of scoring data Initially the commission awarded 21 licenses for medical cannabis production testing transportation and distribution under the 2021 legalization law So far four companies already brought lawsuits against the commission this year Moreover a judge in Montgomery Alabama has recently issued a temporary restraining order that allows companies denied a license by the commission to appeal the decision The ruling preserves the opportunity for applicants to challenge the commission s process Denver Sees Historic Low In Illegal Cannabis Use Denver s regulatory infrastructure has successfully shrunk the black market for cannabis over the past decade resulting in law enforcement dealing with a historic minimal amount of illicit cannabis in 2022 reported Marijuana Moment citing the municipal government s report The document suggested that the quantity of illegal marijuana processed by the city police in 2022 equaled 2435 pounds representing a drop of 74 from what it was when the first retailers started operations in 2014 Mayor Michael Hancock who had been in office for twelve years touted the city s legal marijuana program as the gold standard of cannabis policy Denver has brought unlicensed operators into compliance and created a collaborative model of marijuana management Hancock saidper Denver Westword We developed ordinances to regulate license and tax medical and retail marijuana The Benzinga Cannabis Capital Conference the place where deals get done is returning to Chicago this Sept 27 28 for its 17th edition Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding Photo Made with Midjourney

Exxon Mobil Corp NYSEXOM reported better than expected earnings and sales results for its first quarter Exxon Mobil reported revenues of 8656 billion beating the consensus of 8541 billion Adjusted EPS of 283 beat the consensus of 259 Exxon Mobil shares dropped 22 to 11575 on Monday after closing higher on Friday These analysts made changes to their price targets on Exxon Mobil following earnings announcement Morgan Stanley raised the price target on Exxon Mobil from 118 to 122 Morgan Stanley analyst Devin McDermott maintained an Overweight rating Truist Securities raised the price target on Exxon Mobil from 116 to 118 Truist Securities analyst Neal Dingmann maintained a Hold rating Goldman Sachs analyst Neil Mehta meanwhile downgraded Exxon Mobil from Buy to Neutral and announced a 125 price target Check This Out Check Out 3 High Yielding Dividend Stocks In Materials Sector From Wall Street s Most Accurate Analysts

Wide moat JPMorgan Chase JPM reported solid third quarter earnings per share of 312 beating FactSet consensus of 290 and our estimate of 303 The main beat came from net interest income at 175 billion roughly 1 billion above our own estimate Guidance for NII of 19 billion in the fourth quarter is above our current forecast and we expect to raise our 2022 NII outlook Fees came in slightly below what we had projected while expenses came in roughly in line Management maintained their full year expense outlook of 77 billion Fees should continue to face pressure over the medium term due to economic uncertainty lower investment banking fees lower market levels lower wealth management fees lower mortgage fees higher rates and lower deposit service fee growth however solid NII growth should continue to more than offset that Two big questions on every investor’s mind this quarter was credit and capital From a capital perspective JPMorgan is on its way to meeting it’s 13 common equity Tier 1 ratio target by first quarter 2023 The bank’s ratio increased to 125 from 122 this quarter and the bank generated nearly 60 basis points of common equity Tier 1 from net income alone We expect share repurchases to remain at a minimum until then From a credit perspective we remain largely in wait and see mode There was a slight reserve build during the quarter with allowances increasing in the wholesale portfolio however nonperforming assets continued to decline and charge off rates didn’t show any real breakouts just yet We are seeing some gradual increases in consumer delinquencies card and auto but nothing extraordinary We expect economic pressure to continue to increase as the Fed remains on its aggressive rate path JPMorgan remains one of our top picks among US banks being one of the strongest franchises while trading at a relatively attractive valuation We don’t plan any material revision to our current 149 fair value estimate

The US stock market swoon that took hold in late August is demonstrating why last month’s declarations of the start of a new bull market for the beaten down Nasdaq Composite were treated as suspect The Nasdaq COMP was down 18 Friday afternoon heading for its sixth straight daily loss that would be its longest losing streak since a six day run of losses that ended on Aug 5 2019 Moreover its down nearly 12 from its Aug 15 close at 1312805 Investors may recall that the Nasdaq met a widely used definition of a bull market on Aug 11 when it finished 208 above it’s mid June low A 20 rise from a recent low in a bear market is a widely used definition of a bull market but it’s hardly universally agreed After all stocks often bounce sharply in bear markets only to give back gains in short order So it was no surprise that calls for the start of a new bull met considerable pushback from veteran investors and analysts As Ross Mayfield investment strategy analyst at Baird Private Wealth Management pointed out at the time the Nasdaq saw three rallies of 40 or more over the course of the bear market that followed the dot com burst in 2000 2001 none of which marked the beginning of a lasting bull Read Nasdaq bull market A history of head fakes says it may be too early to celebrate Friday was ugly for all three major indexes which had initially rallied following an August jobs report that saw payrolls rise in line with expectations as the unemployment rate ticked up to 37 from 35 Equities turned south around midday however with the Dow Jones Industrial Average DJIA falling 468 points or 15 while the SP 500 SPX skidded 15 Investors have long debated the best way to define the start of a bull market Some argue that attempting to measure from the date of a bear market low is misguided and instead look for an asset to take out its previous high before declaring a bull market Others use much more complicated criteria which underlines that the endeavor is more than a little subjective

Andy Jassy chief executive officer of AmazonCom Inc speaks during the GeekWire Summit in Seattle Washington US on Tuesday Oct 5 2021 Amazon will report its fourth quarter earnings after the bell on Thursday Earnings per share 357 according to a Refinitiv survey of analysts Revenue 1376 billion according to a Refinitiv survey of analysts Amazon is wrapping up a rollercoaster earnings season for mega cap tech companies Netflix shares were hammered late last month after a weak subscriber outlook spooked investors Upbeat earnings from Apple Microsoft and Google parent Alphabet in recent days suggested the season could end on a high note but then Facebook revealed stagnating user growth which sent its shares plunging and dragged down other social media stocks Among the top tech companies Amazon was the worst performer last year with the stock rising just 24 It s down 16 so far in 2022 as investors rotate out of the sector on concerns about inflation and rising interest rates Analysts expect Amazon to record year over year revenue growth of just under 10 for the fourth quarter which includes the peak holiday shopping season That would be the first period of single digit growth since the third quarter of 2017 Profit is projected to plunge to 368 per share from 1409 per share a year ago In recent quarters earnings have cratered and sales growth has decelerated as the company navigates a slowdown in the pandemic driven e commerce bump global supply chain constraints and labor shortages Amazon has been ploughing profits into physical expansion with Jefferies analysts estimating the company opened 350 new facilities in 2021 It also hiked wages to an average of 18 an hour to lure workers and has increased incentives offering signing bonuses worth as much as 3000 in certain markets In some cases the labor shortage forced Amazon to reroute packages over longer and costlier distances to facilities with enough staff to handle them CEO Andy Jassy who succeeded Jeff Bezos at the helm last year previously warned that Amazon would take on several billion dollars of extra costs in the fourth period because of the headwinds Amazon said its operating profit could be as little as zero Wall Street will be paying particularly close attention to Amazon s first quarter guidance as investors try to model how much additional pressure the company expects from inflation and supply shortages While its core retail business faces clear challenges Amazon is leaning on other divisions including its profitable cloud computing unit and fast growing advertising division Analysts expect Amazon Web Services to post revenue growth of 36 from a year ago Amazon s growth similar to most other e commerce companies decelerated all through FY21 and the market is concerned about that continuing into Q1 maybe Q2 with uncertainty on where growth rates normalize beyond that Guggenheim analysts wrote in a note to clients late last month Q1 guidance will be in focus this week and the bar seems quite low but more important will be any hints as to where sales and margins can go from there This is breaking news Please check back for updates WATCH It s hard to know who will own the metaverse

Singapore Executes Another Person For Marijuana Possession In just three weeks since Singapore sauthorities hungTangaraju Suppiah who d been sentenced to death in 2018 for smuggling more than one kilogram of marijuana they ve executed another citizen for a similar crime What happened On Wednesday the 37 year old man whose name was not shared to protect his family’s privacy was hungafter having spentseven years in prisonreportedthe Associated Press He was convicted in 2019 for trafficking about 15 kilograms of marijuana According to activistKokila Annamalaiof the Transformative Justice Collective which is fighting to abolishthe death penalty the man s last try to reopen his case was dismissed by the court Tuesday without a hearing “If we don’t come together to stop it we fear that this killing spree will continue in the weeks and months to come”Annamalaisaid adding that around 60 people are on death row mostly for drug related offenses The executions were harshly criticized by various groups and public figures Suppiah’s case even sparked comments and activism from British mogul Richard Branson “Singapore is an otherwise wonderful country so it’s very sad to see some of its policies harking back to colonialism and even reminiscent of medieval times” Bransonwrotein a blog post at the timeBranson is a member of the Global Commission on Drug Policy In 2022 Singapore executed 11 people for drug offenses 306 MillionWorth Of Cannabis Seized By Irish Authorities Irish law enforcement officials seizedaround 142 kilograms 313 pounds of marijuana recentlyat a Dublin port According to the officialpress release this amount of “herbal cannabis” was estimated to be worth €284 million 306 million Cannabis which is illegal in Ireland was found when Revenue officers stopped and searched a vehiclefrom France The seizure led to the arrest of “a man in his 40s” who is detained at Garda Station in Dublin The investigation is still ongoing According to the report this seizure was part of Revenue’s ongoing efforts to stop organized crime groups that are distributing illegal drugs “If businesses or members of the public have any information regarding drug smuggling they can contact Revenue in confidence on phone number 1800 295 295” the release reads This case comes on the heels of another involving illegal marijuana in Dublin whenauthorities arrested a manafter seizing around 54 kilograms of weed with an estimated street value of €108 million EuroswritesBBC This marijuana was found during an intelligence led joint operation between Irish police and officers from the Revenue Customs Service Officer Kills Dog DuringRaid Of State LicensedCannabis Farm California has been struggling with illegal cannabis farms for a long time which may have caused the recent scandal – raids of licensed farms and shooting of thedog What happened Cal Fire officerraided thecannabis farm which was in the process of approval during which one of themfatally shot the grower s dogreportedLos Angeles Times The incident sparked outrage from the community with some locals demandingthe resignation of Trinity County Sheriff Tim Saxon The short video showing armed soldiers entering the property and shooting the dog has gone viral and attracted national attention Trinity County Sheriff’s Department said that the grower did nothave the requiredpermit and defended the officer arguing that the dog attacked him What’s more in late April other cannabisfarms withstate licenses were raided supposedlylacking permits Reports at the time noted that California hadissued 345 growers licenses in the county which approved less than half 134 of them “What I wish for is that we would have a consistent policy throughout the state” said Trinity County Sheriff Saxon The current dual licensing system he added is “placing many sheriffs in an uncomfortable situation including myself” Photo Courtesy of Brent Barnett from Pixabay

Wall Street analysts put four Club holdings Apple AAPL Amazon AMZN Procter Gamble PG and Honeywell HON under the microscope Tuesday Here are the key analyst updates along with our take for each Apple Analyst take Canaccord slightly lowered iPhone revenue estimates for Apple s fiscal 2023 to 1997 billion from 206 billion While demand for Apple s higher end iPhone models the 14 Pro and 14 Pro Max remain at elevated levels the bank expects some sales to be lost in the fiscal first quarter ending in December before iPhone availability improves in its fiscal second Canaccord believes demand will outweigh supply even as China s zero Covid policy is adversely impacting iPhone assembly The firm reiterated its buy rating on the stock and a price target of 200 Club take While China s draconian Covid restrictions have weighed on Apple s iPhone production we continue to maintain that this is a temporary issue that will improve once Beijing fully reopens its economy We recognize this supply chain complication could impact sales and may take another quarter to improve but we re encouraged by the fact that demand for Apple s iPhones is resilient despite the elevated lead times We reiterate our Apple mantra own it don t trade it and believe any losses incurred in the current quarter can be made up in quarters to come Amazon Analyst take Piper Sandler on Tuesday lowered Amazon s price target to 119 from 125 citing the company s slowing cloud business but kept an overweight rating on the stock The slowdown at Amazon Web Services AWS the cloud division is an industry wide phenomenon analysts at Piper Sandler wrote in a note But they called AWS an industry leader with roughly 50 of market share among the four largest cloud companies Piper Sandler expects revenue and operating income to decline by 2 in the fourth quarter and come down by 4 in 2023 Club take We continue to see Amazon s cloud business as the industry leader that repeatedly outperforms peers We recognize AWS may continue to face challenges in a slowing economy where customers are tightening budgets But at the same time Amazon has been reining in costs most recently by making the difficult decision to lay off thousands of employees Amazon CEO Andy Jassy told staff last week that layoffs will continue into next year as the company focuses on managing costs Procter Gamble Analyst take Wolfe Research initiated coverage of Procter Gamble PG Monday with an outperform or buy rating and price target of 156 P G s brand portfolio has delivered strong demand elasticities to date as they innovate and reinvest in the brands We view their geographic exposure and balance sheet as defensive which should support fund flows as investors flee to safety the analysts wrote in a note They credit management with efforts to streamline their portfolio while reinvesting in marketinginnovation While Wolfe analysts have some concerns that P G s product portfolio skews to more premium brands they believe consumer balance sheets and wage growth are strong enough to support continued demand Club take The Wolfe Research note is in line with our own view We have previously called out P G s investments in innovation as a key factor behind sustained demand even as consumer balance sheets tighten Management is addressing the tighter spending environment in two ways On the one hand they are offering up attractive prices on a per unit basis for those consumers willing and able to buy in bulk At the same time they are offering up more economical options for cash strapped customers As inflation moderates we expect profit margins to improve as selling prices sustain and input costs come back down We continue to like P G especially amid the current economic uncertainty Honeywell Analyst take In a note Tuesday JPMorgan called out Honeywell s underappreciated technology franchise Specifically the research focused on Honeywell s UOP subsegment which refines oil products and manufactures petrochemicals This business does much more for Honeywell than provide merely commodity fossil exposure analysts wrote JPMorgan projects UOP s sustainability technology solutions STS unit will be roughly 25 of 2024 UOP sales calling it a prime example of a technology portfolio essentially baked from scratch in a short period of time STS includes exposure to renewable energy sustainable fuels and green hydrogen technologies Club Take Though Honeywell may be classified as an industrial company it is more of a tech stock focused on the industrial sector As we saw with third quarter results Honeywell management knows how to effectively operate in an uncertain economic environment With next year expected to see organic growth in aerospace performance materials and technologies and building technologies due to record levels of demand and a robust backlog we think the company is setup for a strong 2023 Jim Cramer s Charitable Trust is long AAPL AMZN PG HON See here for a full list of the stocks 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 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 NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED

TOKYO Feb 10 Reuters Japan s core consumer inflation likely slowed in January from the previous month a Reuters poll showed reinforcing expectations the country s central bank will lag well behind other economies in raising interest rates Separate data is also expected to show Japan likely ran the biggest trade deficit in eight years in January as persistent rises in fuel and raw material costs swelled imports according to economists polled by Reuters The nationwide core consumer price index CPI likely rose 03 in January from a year earlier slowing from a 05 gain in December the poll of 16 economists showed on Friday The slowdown is largely due to one off factors such as the base effect from a suspension of the government s travel discount campaign in late 2020 When stripping away such temporary factors consumer inflation is likely to be perking up analysts say Imported goods prices have been rising and the effect is spreading to previously soft domestic prices said Takeshi Minami chief economist at Norinchukin Research Institute And yet many analysts expect consumer inflation to remain distant from the Bank of Japan s 2 target for the time being forcing the central bank to maintain ultra loose policy Separate data will likely show Japan suffered a trade deficit of 1607 billion yen 1391 billion in January the biggest shortfall since January 2014 Imports likely jumped 371 in January on rising raw material and fuel costs outpacing a 165 gain in exports the poll showed Core machinery orders also due next week likely fell 18 month on month in December to mark the first decline in four months the poll showed The government will release CPI data at 830 am on Feb 18 2330GMT Feb 17 Trade data and machinery orders data are due at 850 am on Feb 17 2350GMT Feb 16 Reporting by Kantaro Komiya Editing by Leika Kihara and Raju Gopalakrishnan

A value stock traditionally has a lower price when compared to stock prices of companies in the same industry This indicates that the company may be undervalued as investors are not expressing as much interest in such companies The most commonly used way to check for value is with the price to earnings multiple or PE A low PE multiple is a good indication that the stock is undervalued The following stocks are considered to be notable value stocks in the basic materials sector Tronox Holdings saw a decrease in earnings per share from 084 in Q2 to 069 now The company s most recent dividend yield sits at 417 which has increased by 095 from 322 last quarter CVR Partners s earnings per share for Q3 sits at 187 whereas in Q2 they were at 1112 Its most recent dividend yield is at 582 which has decreased by 3092 from 3674 in the previous quarter Centerra Gold has reported Q3 earnings per share at 006 which has increased by 500 compared to Q2 which was 012 Most recently the company reported a dividend yield of 597 which has increased by 154 from last quarter s yield of 443 This quarter ICL Group experienced a decrease in earnings per share which was 058 in Q2 and is now 049 Its most recent dividend yield is at 1112 which has decreased by 113 from 1225 in the previous quarter Most recently Mercer Intl reported earnings per share at 10 whereas in Q2 earnings per share sat at 107 The company s most recent dividend yield sits at 206 which has increased by 018 from 188 last quarter The Significance A value stock may need some time to rebound from its undervalued position The risk of investing in a value stock is that this emergence may never materialize

Jan 19 Reuters Emerging market assets took a beating on Wednesday as US Treasury yields surged in anticipation of a hawkish Federal Reserve while Russia s rouble inched higher with more talks slated this week over the Ukraine crisis MSCI s index of emerging shares MSCIEF slipped for a fifth straight session down 05 while its currencies counterpart MIEM00000CUS was 01 lower Markets now bet on at least four interest rate hikes by the Fed this year with expectations for the first having been brought forward to March Benchmark US Treasury yields jumped to two year highs and two year yields breached 1 on Tuesday Even though market expectations have already run a long way it is difficult for the market to gauge whether it will be surprised on the slightly restrictive side next week said Antje Praefcke a FX and EM analyst at Commerzbank adding that there were now bets that March could see a 50 basis point hike China s Alibaba 9988HK slipped 21 after a report that the Biden administration was reviewing its cloud business for risks to national security China s cash strapped property stocks rallied on news of more policy easing and were bolstered further by a Reuters report that Beijing was drafting nationwide rules to make it easier for developers to access pre sale funds held in escrow accounts read more Russia s rouble gained 05 with US Secretary of State Antony Blinken scheduled to meet Ukraine s leader later in the day before travelling to Russia for a chat with Foreign Minister Sergei Lavrov on Friday Russian dollar bonds steadied while those in Ukraine enjoyed a small recovery after both dropped to their lowest since early 2020 in recent days Price action in Russian assets could get a lot worse if the next diplomatic effort on Friday between Moscow and Washington comes to nothing analysts at Societe Generale said in a note New sanctions would inflict more pain on the currency and the country s debt market and possibly prompt intervention by the central bank Turkey s lira slipped 05 despite the central bank announcing a currency swap agreement with the United Arab Emirates Central Bank worth nearly 5 billion in local currencies Focus turns to Thursday s central bank meeting where investors hope that the policy rate will be kept unchanged at 14 after 500 basis points of cuts last year sent the lira to record lows read more Chinese government bond yields fell across the curve after an official s comments heightened expectations the country s benchmark lending rate will be cut as early as this Thursday to shore up the cooling economy For GRAPHIC on emerging market FX performance in 2021 see httptmsnrtrs2egbfVh For GRAPHIC on MSCI emerging index performance in 2021 see httpstmsnrtrs2OusNdX Reporting by Susan Mathew in Bengaluru Editing by Subhranshu Sahu

4Front Ventures Corp CSEFFNT OTCQXFFNTF has expanded its offerings in California with the addition of the Bloom Farms and Bloom Farms Wellness brands to its portfolio following the closing of the acquisition which took place in the third quarter of 2022 Ray Landgraf president of California operations at 4Front stated We are thrilled to add Bloom Farms to our growing branded products portfolio The company is an established pioneer in the solventless vape and concentrates category and has built a loyal consumer following by giving back to the community Since its inception in 2014 Bloom Farms products have generated over 100 million in consumer retail sales and delivered over 3 million meals to families in need through its 1 for 1 program This acquisition furthers 4Front s commitment to offering the highest quality cannabis products while promoting positive community impact Launch of Island Mini Infused Prerolls Additionally in California the company further expanded its product portfolio and offering with the launch of Island Mini Infused Prerolls Made in small batches each 10 pack features single strain all natural flower infused with potent THCA diamonds California consumers can choose between six launch strains including Purple Fritter Alien OG Papaya Rosé White Runtz Blue Dream and Black Jack Island s Mini Infused Prerolls will be available for purchase in the coming days at dispensaries across California and via delivery through Eaze cannabis delivery marketplace Get your daily dose of cannabis news on Benzinga Cannabis Don’t miss out on any important developments in the industry Photo Benzinga Sources courtesy of jarmoluk and lindsayfox via Pixabay Related News This Pot Stock Has Outperformed Apple Amazon Google Microsoft Netflix Breast Cancer Awareness How Can Marijuana Companies Help Listen To An Expert On Benzinga s Cannabis Insider

Nov 16 Reuters Major stock markets in the Gulf retreated in early trade on Wednesday tracking Asian shares after a blast in Poland raised fears that the Russian Ukraine conflict could spill over NATO member Poland said a Russian made rocket killed two people in eastern Poland near Ukraine and it summoned Russia s ambassador to Warsaw for an explanation after Moscow denied it was responsible Worries over a potential ratcheting up of geopolitical tensions spurred a drop of 1 in MSCI s broadest index of Asia Pacific shares outside Japan MIAPJ0000PUS Saudi Arabia s benchmark stock index TASI dropped 1 dragged down by a 09 fall in Retal Urban Development Co 4322SE and a 11 decline in oil giant Saudi Aramco 2222SE The kingdom recorded an 85 year on year slump in second quarter foreign direct investment FDI flows an investment ministry report showed on Tuesday FDI inflows were at 79 billion riyals 210 billion in the second quarter compared with about 519 billion riyals in the same period last year Meanwhile Abdullah Al Othaim Markets Co 4001SE surged 8 after the food retailer announced distribution of cash dividend of 75 riyals per share for the third quarter Crude prices a key catalyst for the Gulf s financial markets slid as COVID 19 cases in China continued to climb sparking worries of lower fuel demand in the world s top crude importer that outweighed concerns about an escalation of geopolitical tensions and tighter oil supply The Qatari benchmark QSI dropped 11 weighed down by a 18 fall in Qatar Islamic Bank QISBQA and a 08 decline in Qatar National Bank QNBKQA Reporting by Ateeq Shariff in Bengaluru Editing by Subhranshu Sahu

Social investing platform eToro will delist a selection of cryptocurrency tokens for its US customers What Happened The company will no longer allow US customers to open new positions in Algorand CRYPTO ALGO Decentraland CRYPTO MANA Dash CRYPTO DASH and Polygon CRYPTO MATIC The decision comes in the wake of recent legal action by the US Securities and Exchange Commission SEC and illustrates the escalating scrutiny faced by US cryptocurrency exchanges However customers who already hold positions in these tokens will still be able to sell them Due to recent developments across the rapidly evolving regulatory landscape eToro confirmed to Benzinga that it will be making some changes to its crypto offering starting at 600 am ET on Wednesday July 12 Also ReadBitGo s 12B Dream Shattered As Mike Novogratz s Galaxy Digital Wins Court Battle EToro stated that it remains supportive of crypto assets and acknowledges the importance of offering its users access to a diversified range of asset classes including stocks ETFs and options The firm also emphasized its commitment to collaborating with regulators globally to shape the future of the cryptocurrency industry and champion access for ordinary investors Why It Matters EToro’s decision to delist certain tokens should be viewed in the context of the broader regulatory clampdown in the US The SEC has been actively pursuing legal action against major cryptocurrency exchanges including Binance CRYPTO BNB for possible violations of securities laws as well as Coinbase NASDAQCOIN which has been forced to make adjustments to comply with regulations NextDecentralized Lender Puts 100000 Bounty On Recovering 442 Illicitly Drained Ethereum

Wisconsin State Assembly Speaker Robin Vos R doesn’t believe medical marijuana legalization in the state has a chance this year In a recent interview on “UPFRONT” Vos pointed out that lawmakers are still divided on the issues “We’re not that close” Vossaid “I think it’s unlikely unless we can figure a way to find some middle ground consensus Vos’ comments come on the heels of the state Senate Majority LeaderDevin LeMahieuR in which he told“Capital City Sunday” that he thinks the legislation garnered enough support from Senate Republicans to passwritesWKOW TV’s I think we have we might have 17 votes to get medical marijuana across the finish line LeMahieu said Once again I think Senator Felzkowski is working on that bill with the Assembly Sen Mary Felzkowski R also expressed optimism about seeing the bill approved in this Senate session LeMahieu alsorecently saidOur caucus is getting pretty close on medical marijuana A lot of our members who are maybe at a point where they can vote for it now they just want to make sure it s regulated well said LeMahieu who until recently has opposed the idea We don t want people going in because their back hurts and getting medical marijuana It needs to be cancer pain you know prescribed This is the first time a leader of the Senate Republicans has shown support for the ideareportedthe Milwaukee Journal Sentinel Growing Support According to a poll released in March by theMarquette University Law School in Milwaukee 61 of the respondents favored the legalization of cannabis The survey found majority support among Republicans with 51and independents 60 and Democrats 75 The survey represents “the first time we’ve seen a Republican majority in favor”saidCharles Franklin director of the poll Wisconsin Gov Tony EversD plans to begin negotiating and drafting legislation to legalize marijuana for adults soon It is projected the new industry could generate 166 million in revenue that Evers wants to use to help fund schools Wisconsinites overwhelmingly support a path toward legalizing and regulating marijuana like we do alcohol while ensuring folks can access the life saving medication they need As Gov Evers indicated on Tuesday he s looking forward to working together with legislators on both sides of the aisle this session to find common ground on this important issue Evers spokesperson recently said in a statement Photo Courtesy of Jeff W via Unslpash

Peabody Energy Corporation BTU is the largest private sector coal company in the world and over the past year one of the largest gainers in American markets Since June 2021 Peabody Energy stock’s one year return has outperformed several of the world’s most popular tech EV and consumer discretionary stocks NVIDIA Corporation NVDA Ford Motor Company F Starbucks Corporation SBUX Tesla Inc TSLA Bitcoin BTCUSD and Ethereum ETHUSD Peabody Energy is in the coal mining business in the US Japan Taiwan Australia China among other international locations Outside of mining preparing and selling coal Peabody Energy also engages in direct and brokered trading of coal and freight related contracts as well as provides transportation related services which involve financial derivative contracts and physical contracts Peabody Energy was founded in 1883 and is headquartered in St Louis Missouri Here s how the returns break down from June 2021 to present Ford is down from 1588 to 1366 for a return of 1401 Nvidia is up from 17619 to 18854 for a return of 701 Starbucks is down from 11133 to 7928 for a return of 2879 Tesla is up from 60513 to 71752 for a return of 1857 Bitcoin is down from 3358330 to 3012650 for a return of 1029 Ethereum is down from 259263 to 179228 for a return of 3396 And finally Peabody Energy is up from 763 to 2864 for a return of 27536

A whale with a lot of money to spend has taken a noticeably bearish stance on Goldman Sachs Group Looking at options history for Goldman Sachs Group GS we detected 31 strange trades If we consider the specifics of each trade it is accurate to state that 38 of the investors opened trades with bullish expectations and 61 with bearish From the overall spotted trades 16 are puts for a total amount of 961278 and 15 calls for a total amount of 1039741 Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 3100 to 4000 for Goldman Sachs Group over the last 3 months Looking at the volume and open interest is an insightful way to conduct due diligence on a stock This data can help you track the liquidity and interest for Goldman Sachs Group s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Goldman Sachs Group s whale activity within a strike price range from 3100 to 4000 in the last 30 days Goldman Sachs Group Option Volume And Open Interest Over Last 30 Days Where Is Goldman Sachs Group Standing Right Now With a volume of 1381967 the price of GS is up 178 at 35509 RSI indicators hint that the underlying stock may be overbought Next earnings are expected to be released in 74 days What The Experts Say On Goldman Sachs Group JMP Securities has decided to maintain their Market Outperform rating on Goldman Sachs Group which currently sits at a price target of 470 Barclays has decided to maintain their Overweight rating on Goldman Sachs Group which currently sits at a price target of 410 BMO Capital has decided to maintain their Outperform rating on Goldman Sachs Group which currently sits at a price target of 469 Oppenheimer has decided to maintain their Outperform rating on Goldman Sachs Group which currently sits at a price target of 477 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Goldman Sachs Group Benzinga Pro gives you real time options trades alerts

Research fromJPMorgan Chase CoNYSEJPM finds that crypto exchangeCoinbase Global IncNASDAQCOIN stands to gain significantly from the upcomingEthereumCRYPTO ETH Merge What HappenedAn increase in staking revenue after the Merge will have a positive impact on Coinbase explained JPMorgan analystKenneth Worthingtonin a note seen byCoinDesk The bank estimates that Coinbase has a 15 stake in ETH assets which exceeds its 7 share of the overall crypto ecosystem This market share of ETH is likely geared towards institutional clients that are more likely to ownBitcoinCRYPTO BTC and ETH As such JPMorgan further estimated that Coinbase can make an incremental annual staking revenue of 650 million from the Merge The calculations were made assuming ETH was priced at 2000 with a 5 yield from staking Coinbase estimates that the average Ethereum staking yield will be much higher after the Merge In a note to clients in February the crypto exchange said that it expects staking yields to be between 9 and 12 per annum “Coinbase is bigger in ether than was intuitive to us thus leading directly to a bigger revenue opportunity” Worthingtonsaid in the note See AlsoHOW TO STAKE ETHEREUM Price ActionCoinbase shares traded nearly 1 higher at 8625 in the premarket session as per data fromBenzinga Pro At press time ETH was trading at 1854 up 04 over the last 24 hours

Late adolescents who have trouble sleeping are more likely to use alcohol or cannabis and have higher consequences from substance use a recent longitudinal study showed The study funded by theNational Institute on Alcohol Abuse and Alcoholism is considered the firstto use a latent class approach to determine the association between alcohol and cannabis use and adolescentswritesNeurology Live “Although our study did not focus specifically on insomnia disorder what we found in looking at longitudinal profiles of sleep is that having poor sleep quality alone or in combination with other dimensions of disrupted sleep was associated with a higher frequency of alcohol use at baseline and greater increases in alcohol use over time as compared to other sleep profiles with good sleep quality”Wendy TroxelPhD lead researcher and senior behavioral scientist at theRAND Corporationtold NeurologyLive “Similarly the poor sleep quality profile was also associated with greater initial cannabis use and greater consequences related to cannabis use as compared to the other sleep profiles In other words the presence of poor sleep quality which is a common insomnia symptom was more strongly associated with more frequent alcohol and cannabis use as compared to other quantitative dimensions of sleep such as sleep duration” Troxel added Study Highlights Nearly 3000 late growing adolescents took part in this study with the mean age of the sample being 18 to 24 yearsand the majority being females 54 Those considered poor sleepers had the highest levels of alcohol usewhich was significant in comparison with the good sleeper class As for cannabis use the unhealthy sleepers group had greater consequences in comparison with the good sleepersand the untroubled poor sleepers group The good sleepers reported lower levels of alcohol or cannabis use and the health consequence of substance use compared with the other sleep classes Under the “consequences” researchers considerednegative health outcomes across the lifespan such as the risk of substance use disorder mental and physical health morbidity and premature mortality “Results highlightthe importance of addressing poor sleep quality in late adolescenceas a potential strategy to reduce the risk of continued use of alcohol and cannabis and associated consequences into adulthood” Troxel concluded Photo Benzinga Edit Sources Pavel Danilyuk and cottonbro by Pexels

JPMorgan CEO Jamie Dimon has followed the lead of Citigroup the major New York City based bank and told employees Monday that they “risk losing their jobs” if they don’t get vaccinated Dimon said If you aren t going to get vaxxed you won t be able to work in that office We re not going to pay you not to work in the office The chief executive reaffirmed We want people to get vaccinated Last week Citi informed its US employees that those who’ve elected not to get vaccinated by January 14 “will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption” according to Reuters Citi was the first top tier investment bank to institute this policy One of the many reasons for this edict is that Wall Street and financial services firms have been the most ardent proponents of pushing their bankers brokers traders compliance and other professionals to return to their respective offices It is not just Wall Street that’s getting tough on vaccinations in light of the widely spreading Omicron variant It was reported that Scott Kirby CEO of United Airlines previously terminated 200 employees for failure to comply with United’s vaccination mandate CNBC reported that Google employees have up until January 18 to adhere to the tech giant’s vaccination policy For those who push back or refuse they’ll be placed on paid leave for 30 days— then unpaid personal leave for as much as six months before finally facing termination A Google spokesperson said about the decision We’re committed to doing everything possible to help our employees who can get vaccinated do so and have an accommodation process for approved exceptions We firmly stand behind our vaccination policy Money magazine reported Mayo Clinic a major nonprofit healthcare organization fired more than 700 workers who failed to comply with the organization’s vaccination mandate A large number of hospitals have fired nurses and other healthcare providers for failing to comply with mandates Tyson Foods required all of its 120000 workers in the US to get vaccinated The company is the world s second largest processor and marketer of chicken beef and pork Tyson CEO Donnie King said in a memo to employees that as the Delta variant and possibly other strains may surge throughout the US “it is abundantly clear that getting vaccinated is the single most effective thing we can do to protect ourselves our families and our communities” Four months later the Omicron strain made its way to the US Kroger one of the largest employers in the US with nearly half a million full time and part time employees said that it is “eliminating some Covid 19 benefits for unvaccinated employees a move to encourage vaccinations as the Biden administration’s vaccine mandate faces legal challenges” Apple Google Ford Lyft Meta DoorDash Capital One Uber and other organizations pushed back their timetable for people to return to an office setting or said they will be monitoring the situation and will render a decision when there is more clarity

Smurfit Kappa Group PLC said Wednesday that pretax profit rose on higher revenue in the first half of the year and that its performance in the period has set a strong foundation for the remainder of 2022 The paper based packaging company said that pretax profit for the six months ended June 30 was 769 million euros 7781 million compared with EUR413 million for the first half of 2021 Earnings before interest taxes depreciation and amortization one of the company s preferred metrics rose to EUR117 billion compared with EUR781 million while its Ebitda margin jumped to 184 from 167 The result reflects the resilience of the group s integrated model the benefits of our capital spend program customer focused innovation and pricing recovery partly offset by higher year on year energy recovered fiber labor distribution and other raw material costs the company said Operating profit rose 76 to EUR839 million the company said Revenue in the first half increased to EUR639 billion from EUR468 billion The board declared an interim dividend of 316 European cents We continue to see many opportunities for growth in the sustainable and innovative packaging solutions that we offer customers and the unique footprint of the businesses we operate Chief Executive Tony Smurfit said

US government natural gas data due Thursday are expected to show inventories registered a counter seasonal increase last week as an important LNG export facility in Texas that was shut in June remained offline The Energy Information Administration is expected to report that gas in storage levels increased by 63 billion cubic feet during the week ended Nov 11 according to the average forecast of 12 analysts brokers and traders surveyed by The Wall Street Journal The EIA is scheduled to release its natural gas storage data for the week at 1030 am ET Thursday Estimates ranged from increases of 50 bcf to 72 bcf The average forecast compares with a 23 bcf increase in storage last year and a 5 bcf five year average decline A 63 bcf increase last week would mean gas stockpiles totaled 3643 trillion cubic feet 01 above last year s total at this time and just 02 below the five year average for this time of year The market maintained a bullish inventory deficit compared with averages throughout nearly all of 2022 as a cold winter and then a hot June and July offset a reduction in feedgas demand due to the June 8 shutdown of the Freeport LNG plant in Texas Late summer and fall however have seen bearish increases in domestic production along with more seasonal mild weather patterns What s more the Freeport plant has remained offline longer than expected and that s causing inventories to rise sharply by reducing liquefied natural gas exports A storage deficit nearly 20 below the five year average in the months prior to the Freeport shutdown is now almost completely erased a factor that could help prevent shortages in the Northeastern US this winter

Stocks finish sharply lower Friday to book weekly losses as Wall Street focused on a potentially compressed timeline for the Federal Reserve to swiftly raise interest rates in a bid to curtail inflation at 1980s levels The Dow Jones Industrial Average DJIA shed about 981 points or 28 ending near 33811 It marked the worst daily percentage drop for the index since Oct 28 2020 according to Dow Jones Market data The SP 500 index SPX fell 28 and the Nasdaq Composite Index COMP tumbled 26 Federal Reserve Chairman Jerome Powell was credited with adding to market jitters after he signaled support on Thursday for a bigger 50 basis point rate increase at the central bank s May policy meeting rather than the more typical 25 basis point hike Cleveland Fed President Loretta Mester said Friday afternoon that she didn t want to shock the economy with a 75 basis point interest rate hike at the Fed s next meeting in May Stocks briefly trimmed their losses following those remarks but still finished the session at its lows For the week the Dow was down 19 the SP 500 off 28 and the Nasdaq lower by 38 according to FactSet

The Hoban Minute a leading cannabis business law and culture podcast with more than 150 episodes aired on Season 1 has returned for Season 2 presented by Benzinga Cannabis and hosted on PodConX Episode 162 Bob and Xavier sit down and discuss equity marketing and career callings with Hermine Ngonomire the Mother of Medicine and founder of Persona Group and Truve Health They explore the failings of so called equity provisions across the United States discuss strategy around marketing hemp derived products and share the reasons why they initially got involved in the cannabis industry Listen on PodConx More Episodes How To Attract Previously Untapped Market Segments To Cannabis With Greenlight Dispensaries John Mueller Meet One Of The Main Drivers Of New York s Cannabis Legalization Latino Activist Vladimir Bautista What Happened In The US And International Cannabis Industries In Q4 2022 How Regenerative Cannabis Practices Can Save The World How The Jamaican Cannabis Community Can Capture Its Cultural Influence And Turn It Into Commercial Success What s Going On With Cannabis In The US And The World What s Up With Hemp Derived Intoxicating Cannabinoids What Are Cannabis Enhanced Experiences And Why Are They Trending About The Hoban Minute Join industry experts Bob Hoban and Xavier Jaillet weekly as they give listeners distilled information presented with contextual perspectives to provide as some have called it a crash course MBA in cannabis Each episode will provide US and international updates along with insider interviews with the top executives artists and consultants in the global cannabis industry The Hoban Minute was created to get closer to our network highlight the many voices that make up this multifaceted global industry and provide a broader perspective on cannabis hemp and marijuana international markets Nuestro contenido en Español Té de Hongos Mágicos La Mejor Receta para Tomar este Brebaje Fotoperiódicas en Indoor Todo lo que Necesitas Saber

As the first half of 2023 drew to an end the tech heavy Nasdaq 100 Index closely tracked by the Invesco QQQ Trust NASDAQQQQ delivered a spectacular 387 rise since the year’s inception until June 20 outshining all its global competitors Not far behind the Nikkei 225 Index revealed an impressive performance up 298 in local currency However for US based investors the 8 devaluation of the Yen against the dollar slightly tempered this strong return Another noteworthy performance was achieved by the SP 500 Index tracked by the SPDR SP 500 ETF Index NYSESPY which triumphantly rose by approximately 15 surpassing its advanced country peers excluding Japan The European Euro Stoxx 50 underperformed the broader US market gaining 119 year to far as did the MSCI All Country World Ex US a benchmark for global equities’ performance excluding the US which is up 76 The UK FTSE 100 has experienced a stagnant journey thus far this year Year to date Performance of Major Stock Indices US Stock Market Gets Its Payback for 2022 Events Interestingly the out performance of the US stock market in 2023 felt like vengeance for the events of 2022 Both the Nasdaq 100 and the SP 500 indices had underperformed their counterparts the previous year suffering a turbulent collapse as the Federal Reserve delivered its fastest rate hike cycle in its history The Nasdaq 100 fell by 337 while the SP 500 fell by 20 On the other hand the Nikkei 225 fell by only 11 while the Euro Stoxx 50 by 124 Stock Index2022 Return2023 Return as of June 20Nasdaq 100 337387SP 500 1995143All Country Ex US 18674Euro Stoxx 50 124115Nikkei 225 1095306FTSE 100 0702 Tech Giants’ Supremacy The US stock market’s comeback in 2023 was largely due to a phenomenal tech sector rally fuelled by the strength of AI driven innovations The “Magnificent Seven” are seven tech giant companies that significantly contributed to the rise of the Nasdaq 100 index in 2023 Surprisingly these seven equities alone accounted for 76 of the overall Nasdaq’s year to date gains Company NameReturn YTDContribution To Nasdaq 100NVIDIA Corp NASDAQNVDA19466Microsoft Corp NASDAQMSFT40451Apple Inc NASDAQAAPL423495Tesla Inc NASDAQTSLA12034Meta Platforms Inc NASDAQMETA13333Amazon Inc NASDAQAMZN50305Alphabet Inc NASDAQGOOG NASDAQGOOGL363 Read Now Can SoftBank Become The Next Hot AI Stock Through A Subsidiary That Nvidia Once Tried To Acquire

PARIS Jan 27 Reuters Euronext wheat eased on Friday after a three day rally but still posted its first weekly gain in a month as traders set competition from cheaper Black Sea supplies against risks from the ongoing war in Ukraine March wheat on Paris based Euronext settled 1 lower at 286 euros 31074 a tonne showing a slight 04 rise over the week The contract had slipped to an 11 month low on Monday before rebounding as traders saw the market as technically oversold while news headlines drew attention back to the conflict in the Black Sea zone Rumours of renewed demand from Morocco the biggest export destination for European Union wheat so far this season and an upturn in weekly US wheat export sales also supported futures Wheat markets staged some recovery as the Ukraine war rose back up the agenda consultancy CRM Agri said in a note With the euro s strengthening trend against the dollar tailing off too Paris wheat put in its first positive week since Christmas Wheat production in Ukraine may not exceed 16 million tonnes in 2023 marking a second annual decline as farmers cut planting due to the impact of Russia s invasion a Ukrainian grain sector group said on Thursday A US Department of Agriculture USDA official meanwhile said the agency sees Russia s official estimate of the country s wheat crop as too high However wheat remained curbed by corn and soybean markets which have been pressured by improved rainfall in Argentina and continuing exports of Russian and Ukrainian wheat “Cheap wheat from Russia and Ukraine in FOB terms looks likely to cover the main export demand from the key Middle Eastern and North African importers” one German trader said The origins remained competitive despite increased ship insurance costs and a backlog of vessels using a Black Sea corridor from Ukraine traders said Standard 12 protein wheat for February delivery in Hamburg was offered for sale at a premium of about 11 euros over the Euronext March contract but with little purchase interest seen Reporting by Gus Trompiz in Paris and Michael Hogan in Hamburg Editing by Kirsten Donovan

A whale with a lot of money to spend has taken a noticeably bullish stance on United States Steel Looking at options history for United States Steel X we detected 16 strange trades If we consider the specifics of each trade it is accurate to state that 50 of the investors opened trades with bullish expectations and 50 with bearish From the overall spotted trades 8 are puts for a total amount of 342278 and 8 calls for a total amount of 798176 Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 160 to 350 for United States Steel over the last 3 months Looking at the volume and open interest is an insightful way to conduct due diligence on a stock This data can help you track the liquidity and interest for United States Steel s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of United States Steel s whale activity within a strike price range from 160 to 350 in the last 30 days United States Steel Option Volume And Open Interest Over Last 30 Days Where Is United States Steel Standing Right Now With a volume of 11081235 the price of X is down 074 at 1945 RSI indicators hint that the underlying stock may be oversold Next earnings are expected to be released in 36 days What The Experts Say On United States Steel BMO Capital has decided to maintain their Market Perform rating on United States Steel which currently sits at a price target of 23 Goldman Sachs has decided to maintain their Sell rating on United States Steel which currently sits at a price target of 22 JP Morgan has decided to maintain their Underweight rating on United States Steel which currently sits at a price target of 28 Credit Suisse has decided to maintain their Outperform rating on United States Steel which currently sits at a price target of 44 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for United States Steel Benzinga Pro gives you real time options trades alerts

Tripcom Group Ltd reported a stronger than expected performance for the December quarter driven by a Chinese domestic market recovery despite new waves of Covid 19 infections The company reported a fourth quarter loss of RMB834 million 131 million and a 6 net revenue decline to RMB47 billion 735 million Still the results beat analysts projections according to FactSet Short haul travel the company said remained a key driver in the Chinese recovery with the number of intra provincial and local hotel reservations for the fourth quarter increasing more than 30 and 50 respectively compared to the same period in 2019 Corporate travel revenue for the quarter rose 20 from the year earlier the company said It ended the year at an 86 million loss on 314 billion in revenue

TJX Cos posted lower sales for the fiscal third quarter as the strong US dollar and weakness in its US homegoods division weighed on results The operator of brands such as TJ Maxx and Marshalls said net income for the quarter ended Oct 29 rose to 106 billion or 91 cents a share compared with 102 billion or 84 cents a share Stripping out 5 cent per share benefit from the sale of the company s minority stake in Familia adjusted earnings came to 86 cents a share Analysts surveyed by FactSet were expecting 80 cents a share Revenue fell 3 to 1217 billion Stripping out the effects of currency translations sales would have been flat the company said TJX said its US homegoods division posted a 16 drop in same store sales for the third quarter while its Marmaxx business which includes TJ Maxx Marshalls and Sierra stores saw comparable sales rise 3 Overall US same store sales fell 2 which Chief Executive Ernie Herrman said exceeded the company s expectations He said Marmaxx saw strong spending on apparel The results come as a mixed quarter rolls in for retailers as Americans feel the pressure of sweeping inflation Earlier Wednesday Target Corp said consumers pulled back on their spending in recent weeks sapping sales and profits in the latest quarter and putting a cloud over its holiday season Walmart Inc earlier this week reported stronger than expected sales during the fall quarter an indication that shoppers were looking for deals but still spending ahead of the holiday shopping season Write to Will Feuer at WillFeuerwsjcom

July 13 Reuters Most stock markets in the Gulf eased in early trade on Wednesday ahead of the release of US inflation data for June as the region resumed trading after a long eid break The US dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe haven appeal stemming from global recession fears a Reuters poll of FX analysts showed read more A high inflation print would likely be read by the Fed as a sign it needs to continue with aggressive interest rate rises to get on top of surging prices even if this might push the economy into recession The Qatari benchmark QSI declined more than 1 dragged down by a 33 slide in the Gulf s biggest lender Qatar National Bank QNBKQA Dubai s main share index DFMGI fell 01 hit by a 1 fall in blue chip developer Emaar Properties EMARDU and a 07 decrease in Emirates Integrated Telecommunications DUDU In Abu Dhabi the index FTFADGI dropped 01 with telecoms firm e ETISALATAD retreating 08 Saudi Arabia s benchmark index TASI gained 08 extending gains from the previous session led by a 21 rise in Saudi National Bank 1180SE and a 18 increase in Riyad Bank 1010SE Oil prices a key catalyst for the Gulf s financial markets edged up a day after prices fell through 100 a barrel for the first time since April but gains were limited by caution ahead of US inflation data that could weaken the market In a monthly report issued on Tuesday OPEC expected that global oil demand would rise in 2023 and that the market would remain tight It estimated that an additional 900000 bpd of oil would be needed from its members in 2023 to balance the market read more

The SPDR SP 500 ETF Trust SPY traded lower by 1 on Tuesday after the latest reading of consumer confidence suggests US shoppers are taking notice of rising prices and falling stocks What Happened The Conference Board s consumer confidence index dropped from 1032 in May to just 987 in June missing economist expectations of 100 The expectations index which measures consumers short term income growth outlook dropped to 664 its lowest level since 2013 Related Link Nearly 60 Of Americans Approaching Retirement Plan To Work Longer Survey The latest consumer confidence data comes after the University of Michigan s popular Surveys of Consumers consumer sentiment index dropped to its lowest level in history last week Consumer confidence is certainly on the Federal Reserve s radar as it tries to somehow bring down inflation without triggering a US recession Last week Fed Chair Jerome Powell told Congress the University of Michigan data was eye catching Earlier this month the Labor Department reported an 86 increase in the consumer price index in May the highest inflation reading in any month since 1981 Core inflation which excludes volatile food and energy prices was up 6 in May above economist estimates of a 59 gain The Labor Department said shelter gasoline and food were the largest contributors to surging prices Unfortunately the latest inflation numbers suggest prices are rising faster than wages for many Americans a dynamic which appears to be impacting consumer confidence Voices From The Street Bill Adams chief economist for Comerica Bank said volatile gas and food prices are likely having the largest impact on consumer sentiment Consumers are especially sensitive to these prices since they change quickly and are more visible than a bag of potato chips going from 16 ounces to 137 ounces or a car or home appliance with fewer features than were available six months ago Adams said Brian Price head of investment management for Commonwealth Financial Network said Americans are struggling with rising credit card and mortgage rates The cooling of the housing market may help to curb inflation as we move to the second half of the year but I don’t expect it to put meaningful downside pressure in the Consumer Price Index CPI report in the near term Price said Chris Zaccarelli chief investment officer for Independent Advisor Alliance said the trend in consumer confidence is in the wrong direction If we are able to avoid a recession then the stock market is fairly valued However if we do go into recession then we would expect the lows for the year haven’t been hit yet Zaccarelli said

BUENOS AIRES March 4 Reuters Argentina s state controlled oil company YPF YPFDBA sees it difficult for the sector to fully track rising international prices Chief Executive Sergio Affronti said on Friday citing global geopolitical tensions and a local economic crisis Crude oil hit its highest level in a decade this week and prices are set to post their strongest weekly gains since the middle of 2020 with the US benchmark up more than 21 and Brent up 17 amid fears over disruption to Russian exports in the face of Western sanctions after Russia invaded Ukraine read more We expect to continue adjusting prices at the pump in a sustainable way to counter the effects of the depreciation of the Argentine currency while also aiming to reduce at least partially the spread between local and international prices Affronti said during a conference call with analysts However we shall remain conscious of the Argentine economic reality that will probably make it difficult for our sector to fully track rallying international prices he added Argentina which is still recovering from a three year recession keeps local energy prices unlinked from international quotes in an attempt to rein in high inflation which was over 50 in 2021 A similar surge in prices is expected this year YPF on Thursday posted a 247 million quarterly net profit down 54 year on year as it was not able to fully pass global prices onto local customers read more Analysts at Itau BBA said the result was neutral but that 2021 was a good year for the company highlighting downstream volumes and price performance except at the retail pump With better upstream operationals and demand recovering to pre pandemic levels the main question remains how YPF will be able to defend and raise prices at the pump in US dollar they said Shares of YPF were down 24 in afternoon trading while Argentina s stock index Merval MERV dropped 16 Reporting by Eliana Raszewski in Buenos Aires and Gabriel Araujo in Sao Paulo Editing by Mark Porter

US and German based HMNC Brain Health HMNC Holding GmbH a clinical stage biopharma company pioneering precision psychiatry has raised nearly 14 million EUR 143 million in the closing of the first of two expected funding series bringing the total capital raised to date to over 41 million EUR 423 million The second closing of this round would be completed by the end of March 2023 Additional funding came from existing investors such as Carsten Maschmeyer the Jahr Group and Guntard Gutmann as well as new investors namely former Deutsche Bank NYSEDB CEO Dr Josef Ackermann Real Madrid’s Toni Kroos Dermapharm’s Wilhelm Beier and Hans Kompernaß Hans Kompernaß GmbH “With this funding we will advance the development of our personalized therapies to combat severe unmet mental health challenges around the world Raising additional capital is a tremendous vote of confidence in the promise of our clinical trial candidates the power of precision medicine in psychiatry and our team’s ability to achieve its strategic priorities” saidCBO Dr Maximilian Doebler HMNC’s co founder and board of directors member Carsten Maschmeyer added“We are extremely encouraged by the progression of HMNC Brain Health’s activities to date and equally confident in the team’s ability to achieve further successOver the past few months HMNC has recruited key experts to join the team and made great progress in advancing its medications and companion diagnostics Unsurprisingly within a short period of time we attracted several new renowned investors to support the maturation of HMNC Brain Health who are as convinced as I am of the important role HMNC will play in treating mental health patients globally” Maschmeyer concluded Mental health is a serious issue that affects millions of people around the world I have witnessed how mental health is undervalued in competitive sports in particular even though the physical and psychological pressure is incredibly high said Real Madrid’sKroos and round investorThe team at HMNC Brain Health are true pioneers in this field combating mental illness with precisely tailored individualized treatments which is why I am delighted to be on board Ackermann former Deutsche Bank CEO and investor said“I have always been intrigued by breakthrough innovations that improve people s lives especially when it comes to health That s why I have decided to support HMNC as an investor and be part of the precision psychiatry revolution Through investing in HMNC’s programs I want to foster an important societal impact in the fight against anxiety disorders and depression The company is pioneering the development of personalized therapies Through its AI platform and predictive companion diagnostics suite it aims to bring substantial therapeutic benefit to selected patient populations with mental health disorders specially Major Depressive Disorder MDD and Treatment Resistant Depression TRD For MDD indications HMNC has developed the Nelivabon program offering a V1bR antagonist with its companion diagnosticand the Cortibon program which is a CRHR1 antagonist with its companion diagnostic Nelivabon’s multinational Phase 2 clinical trial is set to begin enrolling patients in early 2023 Separately the firm has partnered with Develco Pharma to create the Ketabon program an oral prolonged release formulation of racemic ketamine combining the rapid efficacy of ketamine with superior tolerability and convenience as an enhanced treatment for TRD This program entered a Phase 2 clinical trial in June 2022 assessing efficacy safety and tolerability of an add on treatment with compound KET01 in 117 patients with TDR Proceeds from the financing round will be used to accelerate HMNC’s precision psychiatry programs developing pharmaceuticals along with proprietary genetic diagnostics to identify patient groups with the highest likelihood of perceiving benefits from these treatments as well as for further advancing the Ketabon program Photo courtesy of Pexels

Want the lowdown on European markets In your inbox before the open every day Sign up here Inditex SA said it had a difficult fourth quarter as the spread of omicron weighed on consumption at its Zara and Massimo Dutti clothing chains

People enter the Goldman Sachs headquarters building in New York US on Monday June 14 2021 Goldman Sachs is planning on cutting several hundred jobs this month making it the first major Wall Street firm to take steps to rein in expenses amid a collapse in deals volume The bank is reinstating a tradition of annual employee culls which have historically targeted between 1 and 5 of lower performers in positions across the firm according to a person with direct knowledge of the situation At the lower end of that range which is the size of the expected cull that means several hundred job cuts at the New York based firm which had 47000 employees at midyear Goldman declined to comment on the record about its plans The timing of the cuts was reported earlier by the New York Times In July CNBC was first to report that the bank was looking at a return to the annual tradition of year end job cuts Steep declines in investment banking activities especially IPOs and junk debt issuance created the conditions for the first significant layoffs on Wall Street since the pandemic began in 2020 CNBC reported in June

Ulta Beauty Inc NASDAQULTA reported better than expected results for its second quarter and raised its FY22 guidance Ulta increased its FY22 EPS guidance from 1920 2010 to 2070 2120 and also raised sales guidance from 935 billion 955 billion to 965 billion 975 billion Ulta Beauty shares rose 34 to 43350 in pre market trading Several analysts made changes to their price targets on Ulta Beauty following the release of results Telsey Advisory Group raised price target on Ulta Beauty from 475 to 510 Telsey Advisory Group analyst Dana Telsey maintained the stock with an Outperform Piper Sandler boosted Ulta Beauty’s price target from 485 to 510 Piper Sandler analyst Korinne Wolfmeyer maintained the stock with an Overweight rating Raymond James increased Ulta Beauty price target from 485 to 505 Raymond James analyst Olivia Tong maintained a Strong Buy rating on the stock Goldman Sachs boosted price target on the stock from 427 to 491 Goldman Sachs analyst Kate McShane maintained Ulta Beauty with a Buy Credit Suisse raised the price target on the stock from 455 to 480 However Credit Suisse analyst Michael Binetti maintained Ulta Beauty with an Outperform Stifel increased Ulta Beauty’s price target from 435 to 450 However Stifel analyst Mark Astrachan maintained a Hold rating on the stock Baird boosted Ulta Beauty’s price target from 480 to 500 Baird analyst Mark Altschwager maintained the stock with an Outperform UBS raised price target on Ulta Beauty from 500 to 530 UBS analyst Michael Lasser maintained the stock with a Buy Deutsche Bank increased Ulta Beauty’s price target from 563 to 589 Deutsche Bank analyst Krisztina Katai maintained the stock with a Buy rating

The UK is teetering on the edge of recession say economists at Goldman Sachs as inflation battered Britons curtail spending and the Bank of England raises interest rates The bank’s economists Steffan Ball and Ibrahim Quadri forecast a 07 contraction for the second quarter and a 01 increase for the third quarter GDP data in the UK is presented in quarter on quarter rather than annualized as in the US “This puts the UK economy on the edge of a technical recession and suggests increased focus on UK activity data in coming months” they said Recent weak UK retail sales data highlighted how households have been tightening purse strings in the face of soaring energy prices The Goldman team observed that June’s Gfk measure of UK consumer confidence fell to its lowest level since records began in 1974 “Indeed the GfK report noted that the consumer mood is currently ‘darker’ than in the early stages of the Covid pandemic the result of the 2016 Brexit referendum and even the shock of the 2008 global financial crisis” they said Meanwhile downbeat commentary from purchasing managers illustrates caution across the corporate sector Consequently Goldman sees a 45 probability that the UK may be in recession over the next 12 months That’s more than the 40 probability they see in the eurozone and the 30 chance in the US the firm forecasts Morgan Stanley CEO James Gorman this week put the odds of a US recession at 50 The Bank of England appears unlikely to offer much support unless activity deteriorates markedly Goldman expects the BoE will deliver further 50 basis point interest rate hikes in August and September and 25 basis point increases in November and December “However risks are skewed towards less rapid BoE tightening should the UK economy end up in a clear recession” it added Ironically political risk could provide a fiscal boost and help the UK avoid economic contraction later in the year “Given the recent succession of policy interventions focused on supporting households and the result of the no confidence vote in PM Boris Johnson we think the government is now more likely to respond further in the coming weeks if cost of living pressures do not fade” Concerns about the UK’s economic prospects have hit the pound GBPUSD with sterling trading around 121 down more than 10 this year The weaker currency tends to support the FTSE 100 UKX the UK’s large cap equity index because a large weighting of its constituents are global corporations like miners and energy companies with a large proportion of their sales overseas So while the FTSE 100 is off less than 5 year to date the more UK focused FTSE 250 MCX mid cap index is down 22

Pre open movers US stock futures traded lower in early pre market trade on Monday after the Dow Jones dropped more than 600 points in the previous session following the release of jobs data The major indices however settled the week higher but gave back most of the gains recorded earlier during the week The Dow gained 2 last week while the SP gained around 15 Nonfarm payrolls climbed by 263000 jobs last month above market expectations of 250000 while the unemployment rate declined to 35 versus estimates of 37 Money markets are expecting a fourth straight rate increase of 75 basis points at the Fed’s upcoming meeting during November Chicago Fed President Charles Evans is set to speak at 900 am ET while the Investor Movement Index for September is scheduled for release at 1230 pm ET Check out this Market Volatility Increases Following Release Of US Jobs Report Futures for the Dow Jones Industrial Average dropped 111 points to 2924200 while the Standard Poor’s 500 index futures fell 1750 points to 363575 Futures for the Nasdaq index fell 6350 points to 1103800 Commodities Oil prices traded lower as Brent crude futures fell 07 to trade at 9725 per barrel while US WTI crude futures fell 06 to trade at 9207 a barrel The total number of active US oil rigs fell by 2 to 602 rigs this week Baker Hughes Inc reported Friday Gold futures fell 11 to trade at 169010 an ounce while silver traded down 24 at 19775 an ounce on Monday A Peek Into Global Markets Europe Markets European markets were lower today The STOXX Europe 600 Index fell 05 London’s FTSE 100 rose 03 while Spain’s IBEX 35 Index fell 04 The French CAC 40 Index fell 08 while German DAX dropped 02 Asia Pacific Markets Asian markets traded lower today China’s Composite Index fell 166 while Hong Kong’s Hang Seng Index fell 292 Australia’s SPASX 200 fell 14 while India’s BSE Sensex fell 06 The Australian Industry Group Australian Performance of Services Index fell to 480 in September compared to 533 in the previous month The Caixin China general services PMI fell to 493 in September from 550 in the previous month while composite PMI declined to 485 in September from 530 in the earlier month Broker Recommendation UBS downgraded Ford Motor Company NYSEF from Neutral to Sell and lowered the price target from 13 to 10 Ford shares fell 4 to 1171 in pre market trading Check out this Ethereum Remains Above 1300 Here Are Other Crypto Movers That Should Be On Your Radar Today Breaking News Tesla Inc NASDAQTSLA said it sold 83135 China made EVs in September up 802 from the 76965 cars it delivered in August Genetic Technologies Limited NASDAQGENE appointed Tony Di Pietro as CFO Meta Platforms Inc NASDAQMETA is expected to unveil its next headset the Quest Pro during the Meta Connect 2022 conference on Oct 11 Helbiz Inc NASDAQHLBZ filed for mixed securities shelf offering of up to 100 million Check out other breaking news here

US stocks closed sharply higher on Friday following the release of jobs data with the SP 500 adding 182 last week Wall Street analysts make new stock picks on a daily basis Unfortunately for investors not all analysts have particularly impressive track records at predicting market movements Even when it comes to one single stock analyst ratings and price targets can vary widely leaving investors confused about which analyst s opinion to trust Benzinga s Analyst Ratings API is a collection of the highest quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell side banks Benzinga displays overnight ratings changes on a daily basis three hours prior to the US equity market opening Data specialists at investment dashboard provider Toggleai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market Top Analyst Picks Fortunately any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page One of the ways traders can sort through Benzinga s extensive database of analyst ratings is by analyst accuracy Here s a look at the most recent stock picks from each of the five most accurate Wall Street analysts according to Benzinga Analyst Stock Ratings Analyst William Power Analyst Firm Baird Ratings Accuracy 86 Latest Rating Maintained an Outperform rating on MongoDB Inc NASDAQMDB and raised the price target from 290 to 390 on June 2 2023 Fadem sees around 4 upside in the company’s stock Recent News MongoDB reported better than expected first quarter results and issued strong guidance Analyst Mark Shmulik Analyst Firm Bernstein Ratings Accuracy 85 Latest Rating Maintained an Outperform rating and increased the price target from 125 to 140 on Amazoncom Inc NASDAQAMZN on May 31 2023 This analyst sees around 13 upside in the stock Recent News Amazoncom agreed to pay 308 million in settlements with the Federal Trade Commission over allegations of spying on customers through Ring doorbell cameras and violating children’s privacy rights with Alexa recordings Analyst Rick Patel Analyst Firm Raymond James Ratings Accuracy 85 Latest Rating Maintained a Strong Buy rating on Capri Holdings Limited NYSECPRI and cut the price target from 60 to 55 on June 1 2023 This analyst expects over 52 gain in the company’s stock Recent News Capri Holdings reported a fourth quarter FY23 sales decline of 105 year on year to 133 billion beating the analyst consensus estimate of 128 billion Analyst Eric Wold Analyst Firm B Riley Securities Ratings Accuracy 85 Latest Rating Initiated coverage on Bowlero Corp NYSEBOWL with a Buy rating and a price target of 18 on June 2 2023 Power sees the stock surging around 55 Recent News Bowlero entered into a definitive agreement to acquire substantially all of the assets of Lucky Strike Entertainment LLC an upscale bowling company with 14 locations across nine states Analyst Aaron Rakers Analyst Firm Wells Fargo Ratings Accuracy 83 Latest Rating Maintained an Equal Weight rating on Broadcom Inc NASDAQAVGO and raised the price target from 600 to 800 on June 2 2023 This analyst sees around 1 decline in the stock Recent News Broadcom reported better than expected second quarter financial results and issued third quarter revenue guidance above estimates Read More Top 3 Real Estate Stocks That Could Blast Off In June

Nouriel Roubini an accomplished economist dubbed Dr Doom for his grim diagnoses and predictions stated in a Fortune interview that the SP 500 has decreased by at least 30 during a recession Due to this pattern it could sink below 3400 points Mr Roubini also mentioned that a grave economic downturn could send the SP 500 even lower to around 2700 points He also cites rate hikes and political instability around the world as reasons for his bearish outlook Despite this more investors are choosing to pivot by investing in gold Pivot Through Market Crashes By Investing In Gold Like An Insider With This FREE eBook Birch Gold Group has helped over 14000 investors properly diversify their portfolios with gold silver and other precious metals since 2003 They have also worked with different types of investors including Ben Shapiro They’re offering new clients a FREE 20 page eBook that details the top insider information on buying gold protecting accounts from government overreach and profiting despite the market conditions Working with a partner like Birch Gold Group and using this free information can mean the difference of riding out market crashes or losing tens of thousands of dollars or more

Someone with a lot of money to spend has taken a bearish stance on Union Pacific NYSEUNP And retail traders should know We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga Whether this is an institution or just a wealthy individual we don t know But when something this big happens with UNP it often means somebody knows something is about to happen So how do we know what this whale just did Today Benzinga s options scanner spotted 17 uncommon options trades for Union Pacific This isn t normal The overall sentiment of these big money traders is split between 47 bullish and 52 bearish Out of all of the special options we uncovered 8 are puts for a total amount of 671546 and 9 are calls for a total amount of 573220 What s The Price Target Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 1700 to 2650 for Union Pacific over the last 3 months Volume Open Interest Development In terms of liquidity and interest the mean open interest for Union Pacific options trades today is 68223 with a total volume of 199700 In the following chart we are able to follow the development of volume and open interest of call and put options for Union Pacific s big money trades within a strike price range of 1700 to 2650 over the last 30 days Union Pacific Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted Symbol PUTCALL Trade Type Sentiment Exp Date Strike Price Total Trade Price Open Interest Volume UNP PUT TRADE NEUTRAL 051923 26500 2725K 0 40 UNP CALL TRADE BEARISH 081823 18000 1300K 595 53 UNP CALL SWEEP BULLISH 061623 21500 1249K 28 350 UNP PUT TRADE BULLISH 081823 24500 1216K 0 25 UNP CALL SWEEP BULLISH 051923 21000 1080K 20K 1 Where Is Union Pacific Standing Right Now With a volume of 2656319 the price of UNP is up 184 at 19679 RSI indicators hint that the underlying stock is currently neutral between overbought and oversold Next earnings are expected to be released in 23 days What The Experts Say On Union Pacific B of A Securities upgraded its action to Buy with a price target of 241 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Union Pacific Benzinga Pro gives you real time options trades alerts

Mining company Ivanhoe Electric Inc IE set terms for its initial public offering on Friday with plans to offer 144 million shares priced at 1175 to 1250 each The company is planning a dual listing on the New York Stock Exchange and Toronto Stock Exchange under the ticker IE BMO Capital Markets and Jefferies are lead underwriters on the deal The company was founded by billionaire Robert Friedland who is also founder of Toronto listed Ivanhoe Mines We are a United States domiciled minerals exploration and development company with a focus on developing mines from mineral deposits principally located in the United States in order to support American supply chain independence and to deliver the critical metals necessary for electrification of the economy the company says in its prospectus The company would raise 180 million at the top of the price range at a valuation of 12 billion The company had a net loss of 46 million in the three months through March 31 narrower than the loss of 154 million posted in the year earlier period Revenue fell to 16 million from 68 million a year ago The deal comes at a time when the IPO market has seen few deals with the Renaissance IPO ETF IPO down 52 in the year to date while the SP 500 SPX has fallen 23

The cryptocurrency market continued its downward trajectory on Thursday morning reeling under the implications of a failed deal between cryptocurrency exchange Binance and its rival FTX with prices of major digital assets including altcoins trading at levels not seen sinceNovember 2020 The world’s largest cryptocurrencyBitcoin CRYPTO BTC fell as low as 15663 on Wednesdaybefore paring some of its losses and stabilizing around the 16900 mark It is down about 3 over the last 24 hours Similarly Ethereum CRYPTO ETH made a low of 1087 before crawling up to trade at 1200 levels still down 2 Wild swings are being witnessed in the crypto markets as investors remain jittery over possible ramifications of the fallout of Binance’s acquisition deal with FTX Market participants heaved a sigh of relief that the Sam Bankman Fried led crypto exchange will be saved from a liquidity crunch once acquired by Changpeng Zhao’s Binance Their jubilance was short lived as less than 24 hours later Binance took a U turn and announced that it has decided not to pursue the proposed acquisition of FTX owing to corporate due diligence news reports about improper handling of user cash and ongoing probes by US agencies Why Fear A Liquidity Crunch According to a Coindesk report the native FTX Token CRYPTO FTT which are also owned by the company were found to be in large quantities on the balance sheet of Alameda Research a cryptocurrency trading company run byBankman Fried prompting widespread criticism of the token This meant that rather than relying on a standalone asset like fiat currency or another cryptocurrency Alameda was mostly reliant on a coin its sister firm created Market participants liquidated FTX linked coins to limit their potential losses as they scrambled for safety amid rumors that FTX will file for bankruptcy The problems of an already troubled market were exacerbated when FTX s rival Binance which has more than 500 million worth of FTT on its books started to sell off its holdings Also readBinance CEO Says No Master Plan To Take Over FTX Warns Employees DO NOT Trade FTT Tokens The hot and cold relationship between the two crypto stalwarts Binance CEO Zhao and FTX chief Bankman Fried shook market confidence as investors fretted over every development in an industry already licking its wounds dealt by the collapse of Terraform Labs Three Arrows Capitaland Celsius Network Meanwhile other major cryptocurrencies such as Binance CRYPTO BNB Ripple CRYPTO XRP Cardano CRYPTO ADA Dogecoin CRYPTO DOGE and Solana CRYPTO SOL were trading with significant losses of 8 3 1 8 and 19 respectively at the time of writing What Happens To Cryptos Next Ben Waterman co founderand COO at Strabo says that if people are already invested they would do best to “sit tight” as the market is far enough into a downturn already anda large portion of the decline has already occurred “Don t try to catch a falling knife as the saying goes The time to figure out an appropriate allocation was when you started investing If you were sensible about the crypto coins you selected these will likely persist through the downturn simply due to the amount of institutional capital that is now invested” he says Charlton HauptCEO of Bad Astro Society says the bottom of the bloodbath will be confirmed when Bitcoin passes the 200 day moving average currently around 25000 and uses it as support This along with higher highs and lower lows will signal to both long term and short term traders that the bottom is in “Best case price scenario is that these are the lows and we only go up from here Worst case scenario we see another leg down to visit between 12000 and 14000” according to Haupt Guneet Kaur a Research Scholar Digital Currencies at the University of Stirling says an opportunity lies in every downturn for certain categories of investors and ideally new investors can reduce the average size of holdings by buying a dip at a low price The actions must be driven by investment goals she says “The upward trend displayed by most cryptocurrencies in the last week and the crypto market resilience is indicative of a green light going ahead Again as the past does not ensure the future one needs to be rational while dealing with uncertain circumstances” Kaur said Sam Kim founding partner at Sukuma Ventures saysthe future outlook for investors is rocky judging on the present situation and that investors should look into decentralization and DeFi protocols more seriously “Data onchain is the more transparent way to forecast track and handle future financial mishaps” Kim says NextBillionaire Mike Novogratz Takes Another Hit First Luna Now FTX Is Costing His Crypto Firm Millions

Cryptocurrency analyst and traderJustin Bennetthave said that the slightly higher unemployment ratein the US should be bearish for the US Dollar Index DXY and bullish for the crypto market During a recent interaction on Twitter he said that Dogecoin s CRYPTO DOGE performance shows bullish signs If DOGE can reclaim this area we will likely see that next leg up begin he said Talking about Dogecoin s interpretation he pointed to a bullish continuation pattern but said making assumptions could be dangerous Here s the one thing I ll say about DOGE I d feel much better about this as a bullish continuation pattern if we didn t have that swing high on October 29th Not saying it s bearish It just isn t an A bullish formation Assumptions can be dangerous pictwittercomOBQylOA6xM— Justin Bennett JustinBennettFX November 3 2022 On Friday Dogecoin slipped about 10 on the heels of news that Twitter ownerElon Muskhas reportedlyhalted work on the social network s crypto wallet Also ReadElon Musk Does It Again Endorses Dogecoin Says He ll Keep Buying The Meme Coin Earlier this week following Musk s completion of the Twitter deal the meme coin spiked 150 in value which was the highest since April The Dogecoin market became upbeat with Musk discussing the possibility of using DOGE as a payment method Bennett further explained how DXY levels would affect crypto assets like Bitcoin CRYPTO BTC and Ethereum CRYPTO ETH I can t stress enough how significant 10930 will be for the DXY next week The confluence is massive 2022 trend line descending channel support and key monthly level A close below extended crypto rally Bounce aggressively crypto pullback he tweeted A significant drop from the DXY following higher than forecast unemployment A daily close below 11180 would be bearish going into next week bullish for crypto Let s see pictwittercomGifLKkEhZ4— Justin Bennett JustinBennettFX November 4 2022 At the time of writing Dogecoin was trading at 0129climbing 21 over the last seven days Photo via Shutterstock

Pens with the logo of Germany s Federal Cartel Office are pictured following a news conference in which the anti trust watchdog presented its findings of the investigation into Facebook s data collection practices in Bonn Germany February 7 2019 REUTERSWolfgang Rattay BERLIN Sept 19 Reuters Germany s federal cartel authority will get expanded powers to crack down on anti competitive practices found in its assessments on entire sectors plans released by the economy ministry showed on Monday Such assessments are to last a maximum of 18 months after which there will be a further 18 month period for potential counter measures the ministry said The Federal Cartel Office would have the power to break up industry groups as a last resort under the proposal which is to be put to an internal government vote soon the ministry added The office is conducting an assessment of fuel markets for example which under the new rules could lead to the regulator ordering effective compliance management changes to supply relationships or the divestiture of business units Reporting by Christian Kraemer Writing by Rachel More editing by Ed Osmond

The most overbought stocks in the utilities sector presents an opportunity to go short on these overvalued companies The RSI is a momentum indicator which compares a stock s strength on days when prices go up to its strength on days when prices go down When compared to a stock s price action it can give traders a better sense of how a stock may perform in the short term An asset is typically considered overbought when the RSI is above 70 Here’s the latest list of major overbought players in this sector Companhia Energética de Minas Gerais NYSECIG The company’s stock gained 4 over the past month The company’s stock has a 52 week high of 262 RSI Value 7011 CIG Price Action Shares of Companhia Energética de Minas Gerais rose 24 to close at 259 on Monday Centrais Elétricas Brasileiras SA Eletrobrás NYSEEBR The company’s stock gained 10 over the past month The company’s stock has a 52 week high of 1039 RSI Value 7511 EBR Price Action Shares of Centrais Elétricas Brasileiras rose 19 to close at 800 on Monday Constellation Energy Corporation NASDAQCEG Wells Fargo recently maintained Constellation Energy with an Overweight and raised the price target from 115 to 120 The company has a 52 week high of 9789 RSI Value 8181 CEG Price Action Shares of Constellation Energy rose 05 to close at 9375 on Monday Companhia Paranaense de Energia COPEL NYSEELP The company’s shares gained around 5 over the previous month The company’s 52 week high is 825 RSI Value 7100 ELP Price Action Shares of Companhia Paranaense de Energia rose 01 to close at 806 on Monday Read More Workday Alaska Air And 2 Other Stocks Insiders Are Selling

Both cryptocurrencies and major stock indexes lost value this morning as global market participants responded to the hawkish language that Federal Reserve Chair Jerome Powell used in his keynote speech at the Jackson Hole Economic Symposium The price of bitcoin the largest digital asset by total market capitalization fell more than 5 between roughly 9 am EDT and noon TradingView figures show Ether the second largest by total market value dropped close to 7 in that time additional TradingView data reveals Ed note Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated Anyone considering it should be prepared to lose their entire investment The SP 500 a benchmark group of stocks lost more than 2 during the aforementioned time frame according to Google Finance The Nasdaq Composite Index a broader group of stocks depreciated roughly 27 between opening and its intraday low information from Google Finance showed These risk assets suffered losses after Powell delivered his speech this morning during the second day of the Fed’s annual symposium in Jackson Hole Wyoming The central bank chair gave this speech around 10 am EST emphasizing that not only is price stability the “responsibility” of the Fed but that “the Federal Open Market Committee’s overarching focus right now is to bring inflation back down to our 2 goal” The FOMC which has 12 members and meets eight times per year formulates US monetary policy This decision making body is responsible for coordinating open market operations which in turn have an impact on the federal funds rate the benchmark rate of the central bank During his speech Powell made references to the use of aggressive policy emphasizing that “restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance” He noted the impact that such an approach could have on economic conditions noting that “reducing inflation is likely to require a sustained period of below trend growth” The central bank chief noted that while higher interest rates can help bring price stability under control they will create “some pain” for both households and businesses At the same time Powell stressed that the alternative is worse as “a failure to restore price stability would mean far greater pain” The Fed official went on to provide additional detail on the central bank’s plans stating that “we are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2” He mentioned the 75 basis point rate hikes that have taken place in recent months indicating that another large increase “could be appropriate” when the next policy meeting takes place “Restoring price stability will likely require maintaining a restrictive policy stance for some time” Powell stated He spoke to the high inflation that has been materializing in the US claiming that it is “largely a result of strong demand and constrained supply” and emphasizing that “we are taking forceful and rapid steps to moderate demand” “We will keep at it until we are confident the job is done” he said in his final remarks Brett Sifling an investment advisor for Gerber Kawasaki Wealth Investment Management responded to these statements “Powell came out with a very hawkish tone today probably the most stern speech so far and recommitted to curbing inflation even with high economic costs” he said “In fact he said that the Fed is using the tools they have ‘forcefully’ This eludes to further pain down the road and could likely mean a ‘sustained period of below trend growth’” Sifling stated “With more rate hikes likely in September investors have taken a risk off approach this morning in both the digital assets market and the stock market” he claimed The next policy meeting should shed further light on the plans of Fed officials as they may opt to once again hike the federal funds rate This benchmark rate may very well stay between 3 and 4 for the next few years according to the results of the FOMC’s June Summary of Economic Projections As part of this members of the committee offered their predictions on what inflation GDP and the unemployment rate will do in 2022 2023 and 2024 Further they included a forecast for the federal funds rate with the median prediction being that it will be 34 this year 38 next year and 34 the following year Disclosure I own some bitcoin bitcoin cash litecoin ether EOS and sol

The first day of Amazon AMZN Prime Day generated 6 billion in sales up 78 from last year making it the biggest US online shopping day of 2022 so far according to the Adobe ADBE Digital Economy Index Consumers took advantage of discounts that were offered after having experienced many months of heightened prices online said Pat Brown Adobe vice president in a statement The early momentum and strong growth for the first day of the Prime Day event supports retailers trying to unlock new levels of growth in an inflationary market environment Early data from Numerator shows that two of the five top items purchased on the first day were household products Frito Lay Variety Pack and Dawn Powerwash Dish Soap A wide majority 83 of shoppers said inflation impacted their purchases with one third of those Numerator surveyed saying they waited for the Prime Day sales Amazon stock is down 344 for the year to date The latest government data shows that inflation reached a 41 year high of 91 in June See also Record breaking grocery price inflation in June could make food items hot sellers this Amazon Prime Day

SINGAPORE Singapore s non oil domestic exports rose at a faster than expected pace in May owing to growth in electronics and non electronics shipments as well as swifter expansion in exports to Malaysia Indonesia Thailand and Japan Non oil domestic exports from the Southeast Asian trading hub in May expanded 124 compared with the same period a year earlier Enterprise Singapore said Friday The growth was above the median estimate for a 90 rise in a Wall Street Journal survey of 10 economists In April non oil domestic exports rose 64 from a year earlier Compared with the month before Singapore s non oil domestic exports in May rose 32 in seasonally adjusted terms after the prior month s 33 decline Electronics exports in May climbed 129 from a year earlier faster than the 128 expansion in the previous month Non electronics exports grew 122 swifter than the 46 expansion in the prior month The main contributors to non electronic domestic exports growth in May were non monetary gold which soared 3444 specialized machinery which climbed 264 and measuring instruments which jumped 380 Exports of pharmaceuticals in May fell 86 on year Enterprise Singapore said Non Oil Domestic Exports to Top Markets YY Growth Top Market April 2022 May 2022 Malaysia 207 279 Taiwan 298 247 Indonesia 209 414 Thailand 208 288 Japan 106 154 China 106 02 South Korea 89 19 Hong Kong 125 59 EU 27 107 66 US 100 96

NEW YORK March 6 Reuters The New York Stock Exchange teamed up with retail broker Charles Schwab Corp SCHWN and market maker Citadel Securities on Monday to ask the US Securities and Exchange Commission to withdraw two recently proposed rules aimed at revamping how stocks trade The move represents a coordinated industry push back against what are potentially the most impactful proposals in the SEC s biggest attempt to reform stock market rules in nearly 20 years We are deeply concerned that the Commission has simultaneously issued multiple far reaching proposals that would dramatically overhaul current market structure without adequately assessing the cumulative impact on the market or the potential for unintended consequences the companies said in an SEC comment letter The SEC in December proposed requiring nearly all retail stock orders to be sent to auctions as well as a new standard for brokers to show they get the best possible executions for their clients orders along with lower trading increments and access fees on exchanges and more robust retail order execution disclosures The aim of the proposed rules is to improve market quality and efficiency by boosting competition for retail stock orders and reducing unnecessary intermediation SEC Chair Gary Gensler has said The NYSE along with Schwab and Citadel Securities asked the SEC to indefinitely withdraw the auction and best execution proposals saying that they could lead to less market liquidity and create confusing regulatory overlap We believe that this more targeted approach will result in significant benefits for US equity market participants while meaningfully reducing the risk of negative outcomes for markets and investors including the risk of firms retreating from being liquidity providers which would be particularly detrimental to retail investors they said The SEC did not immediately respond to a request for comment

If history is any guide there may be good fortune ahead for shares of CNH Industrial NYSECNHI A so called golden cross has formed on its chart and not surprisingly this could be bullish for the stock What To Know Many traders use moving average crossover systems to make their decisions When a shorter term average price crosses above a longer term average price it could mean the stock is trending higher If the short term average price crosses below the long term average price it means the trend is lower Why It s Important The 50 day and the 200 day simple moving averages are commonly used The golden cross occurs when the 50 day crosses above the 200 day This could mean the long term trend is changing That just happened with CNH Industrial which is trading around 1606 at publication time Remember Seasoned investors don t blindly trade Golden Crosses Instead they use it as a signal to start looking for long positions based on other factors like price levels and company fundamentals events For seasoned investors this is just a sign that it might be time to start considering possible long positions With that in mind take a look at CNH Industrial s past and upcoming earnings expectations Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021 EPS Estimate 032 036 024 020 EPS Actual 041 043 028 025 Revenue Estimate 525B 528B 456B 437B Revenue Actual 588B 608B 464B 907B Also consider this overview of CNH Industrial analyst ratings Do you use the Golden Cross signal in your trading or investing Share this article with a friend if you found it helpful This article was generated by Benzinga s automated content engine and reviewed by an editor

Cramer says Disney is a buy rips Wall Street sellers for misreading guidance

US stocks pared early losses on Friday with the Dow turning mildly positive as investors scrutinized more economic data and Federal Reserve commentary following Thursday s promising inflation report as well as a flurry of big bank earnings US stocks are on track to cement a second straight weekly gain on Friday after a three day advance Main indexes have gotten off to a strong start this year led by the Nasdaq which has risen more than 3 so far this week Need to Know Tesla is a soft landing stock says Goldman Sachs Here are its picks for a gentle slide as well as a rough landing Corporate news was the market s main focus on Friday as banks and other companies rolled out their results for the quarter ended in December Typically the release of megabank earnings marks the unofficial start of the US earnings season and market analysts will be watching closely this quarter for indications of how America s largest companies are bracing for an expected economic downturn driven by higher interest rates In the spotlight Thursday were shares of JPMorgan Chase JPM Wells Fargo Co WFC Bank of America BAC and Citigroup C Shares of the big banks were mixed in mid morning trade as they erased the steep declines that followed the publication of their results Shares initially sunk as investors focused on weak income from capital markets and investment banking segments instead of the banks overall earnings analysts said They were also perturbed by larger than expected loan loss reserves set aside to gird against a spike in defaults They ve had some difficult hurdles with loan loss reserves and no capital markets activity said Art Hogan chief market strategist at B Riley Wealth while discussing the big banks earnings It s intuitive to see the kind of action we re seeing this morning Hogan and other analysts said that stocks could be vulnerable to a pullback after such a strong start to the year Katie Stockton a technical strategist at Fairlead Strategies said the CBOE Volatility Index otherwise known as the VIX or the Wall Street fear gauge was showing signs of complacency after the strong rally in stocks earlier in the week The index stood at 193 early Monday not far from its August lows The preceding three day rally instilled enough confidence to bring the VIX back to levels associated with August s peak This indicates some complacency and because it occurs in absence of a breakout it creates a fragile backdrop for equities Stockton said in a note to clients and reporters See JPMorgan Wells Fargo Bank of America and Citi beat earnings expectations but worries about headwinds remain Despite Thursday s CPI report showing inflation easing further in December futures traders have cemented expectations for more Federal Reserve interest rate hikes in February and March More US economic data was on the way Friday one day after the inflation report showed the first monthly decline in consumer prices in more than two years Stocks saw a choppy day of trading on the back of that which to some was a sign investors had their hopes even higher for that ease in prices Read Why the stock market isn t impressed with the first monthly decline in consumer prices in more than 2 years US import prices rose in December as the dollar weakened breaking a streak of monthly declines The University of Michigan consumer sentiment index for January climbed to 646 its highest level in nine months as expectations for the rate of inflation one year out moderated Stocks pushed higher Thursday after St Louis Federal Reserve Bank President James Bullard said the probability of a soft landing for the economy has increased due to encouraging inflation data He was followed by Philadelphia Fed President Patrick Harker who said quarter point moves would likely be appropriate going forward Speaking again on Friday Harker said a soft landing for the economy was still possible He also said he favors getting benchmark rates above 5 Across other markets the US dollar was down 03 against the Japanese yen as the Bank of Japan bought more bonds after the benchmark 10 year Japanese government bonds breached the 05 cap it set just under a month ago The yield on the 10 year US Treasury note was up 1 basis point to 3467

Mortgage rates rose in the first week of the new year government mortgage finance company Freddie Mac said Thursday reaching their highest level since the first spring of the coronavirus pandemic In the week ending Thursday the average 30 year fixed rate mortgage had an interest rate of 322 up from 311 last week A year ago the 30 year rate averaged 265 Rates were last this high in May 2020 Fifteen year mortgages had an average rate of 243 up from 233 last week Such mortgages had an average rate of 216 a year ago Rates on five year Treasury indexed hybrid adjustable rate mortgages or ARMs averaged 241 unchanged week over week A year ago the average ARM was at 275 With higher inflation promising economic growth and a tight labor market we expect rates will continue to rise Freddie Mac Chief Economist Sam Khater said The impact of higher rates on purchase demand remains modest so far given the current first time homebuyer growth

A woman looks at a shop window with a sign reading Saleson the eve of the start of summer sales in Nantes France June 21 2022 REUTERSStephane Mahe BRUSSELS June 29 Reuters Euro zone economic sentiment fell by slightly less than expected in June as consumers and retail trade became more downbeat but spirits among industrial and services sectors improved The European Commission s monthly survey showed economic sentiment in the 19 countries sharing the euro slipped to 1040 in June from 1050 in May Economists polled by Reuters had on average expected a reading of 1030 in June Sentiment in industry improved to 74 points from 65 in May and for services the economy s biggest sector to 148 from 141 in May Economists had expected both to decline Manufacturers were more bullish about future production and order books but less so on employment and saw greater overall uncertainty The service sector was more upbeat about business over the past three months but less optimistic looking forward Consumer confidence slipped to 236 from 212 and retail trade sentiment to 51 from 42 Households had a more pessimistic view on the economy over the past and coming year as well as their prospects of making major purchases and savings Sentiment slipped in the euro zone s five largest economies most markedly in the Netherlands Consumer inflation expectations which reached an all time high in March continued to decline slipping to 426 in June from 455 in May Selling price expectations were also lower among manufacturers at 504 down from a record high of 595 in April

‘Filling Berlin Up With Weed’ Hemp Shoes Brand’s Original Campaign Those who happened to be in Berlin in early July had a chance to see an original campaign thanks to which the city was full of hemp plants More precisely 500 industrial hemp plants were placed near churches hospitals train stations and universities 8000Kicks a Portugal American hemp shoe and backpack company launched this campaign on July 3 to promote its newest product WEEDO These are limited edition shoes made from premium ground hemp flower 500gr per shoe The resultsOn one hand the CEO and founder of the brandBernardo Carreiraended up briefly in jail and the judge released him saying “Your campaign is over Get your plants off the streets and get the f out of Germany”reportedCannabis Now On the other hand Carierra said they needed to do something crazy and get everyone’s attention something like “fill Berlin up with weed” which resulted in getting a lot of “encouragement and enthusiasm” he said “People were going crazy taking pictures of these plants everywhere in Berlin” Bern Might Launch A Pilot Trial On Controlled Cocaine Sales After launchingpilot cannabis trialsacross several cities in Switzerland this year administrative capital went one step further This JuneBern’s city parliament approved a motion from the Alternative Left party asking the city to launch a pilot trial on controlled sales of cocainereportedSwiss Info Politicians who supported the idea agreed that cocaine is a harmful drug but also that supervised sales could provide better control Right leaning parties mostly opposed the idea and argued that such a call should be left to the government while Bern’s director of Education Social Affairs and Sport said that “the government only agreed to the cannabis pilot project under pressure from the cities” Cities in Switzerland are known for having among the highest cocaine consumption rate in Europe “The costs are low the purity is high it’s a thriving market And there are people who consume a lot of it” saidFrank Zobelof Addiction Switzerland He believes that Bern’s suggestion is definitely worth considering “There definitely is a problem and something has to be done We must think it through carefully as we did with the heroin question many years ago” heconcluded Victorian Government Ponders Closed Trail To Allow Medical Marijuana Patients To Drive The government of Victoria Australia is reportedly considering launching a closed trial to explore allowing medical marijuana users to drive while consuming the medicine While the current law in Victoria allows medical marijuana use but forbids driving with any amount of THC found in a person s system the new proposal would allow driving while not being impaired How do you measure impairment Western Metropolitan Region Legalise Cannabis MPDavid Ettershanksaid that while there’s no one conclusive method to determine impairment there are some useful ways and that the main issue here is to treat marijuana as any other prescription drug Ettershank highlighted that people are allowed to drive if they have taken opioids or benzodiazepines if not impaired and agreed that medical marijuana users should be cautious and consult with their doctors Tasmania already allowed unimpaired medical marijuana patients to drive The Benzinga Cannabis Capital Conference the place where deals get done is returning to Chicago this Sept 27 28 for its 17th edition Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding Photo Courtesy of CRYSTALWEED cannabis on Unsplash

An oil pump jack pumps oil in a field near Calgary Alberta Canada on July 21 2014 REUTERSTodd Korol WASHINGTON Aug 24 Reuters Oil prices rose in early Asian trade on Wednesday after Saudi Arabia suggested the Organization of the Petroleum Exporting Countries could consider cutting output though bearish economic signals from central bankers and falling equities weighed US crude futures rose 34 cents to 9523 a barrel by 0016 GMT while Brent crude futures rose 51 cents or 10173 a barrel Both crude oil benchmark contracts touched three week highs on Wednesday after the Saudi energy minister flagged the possibility of cutting production read more OPEC sources later told Reuters that any cuts by the producer group and its allies known collectively as OPEC are likely to coincide with a return of Iranian oil to the market should Tehran secure a nuclear deal with world powers read more Iran said it had received a response from the United States to the EU s final text for revival of Tehran s 2015 nuclear deal with major powers read more Trade has been volatile this week as speculators try to divine ahead of Friday s US Federal Reserve meeting whether the central bank is more likely to slow rate hikes or stay aggressive until it brings inflation down to its target of 2 US government data showed lackluster demand for gasoline on Wednesday which augurs for a notable slowdown in economic activity read more

A whale with a lot of money to spend has taken a noticeably bullish stance on Microchip Technology Looking at options history for Microchip Technology NASDAQMCHP we detected 10 strange trades If we consider the specifics of each trade it is accurate to state that 50 of the investors opened trades with bullish expectations and 50 with bearish From the overall spotted trades 3 are puts for a total amount of 217250 and 7 calls for a total amount of 313129 What s The Price Target Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 700 to 800 for Microchip Technology over the last 3 months Volume Open Interest Development Looking at the volume and open interest is a powerful move while trading options This data can help you track the liquidity and interest for Microchip Technology s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Microchip Technology s whale trades within a strike price range from 700 to 800 in the last 30 days Microchip Technology Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted Symbol PUTCALL Trade Type Sentiment Exp Date Strike Price Total Trade Price Open Interest Volume MCHP PUT SWEEP BEARISH 011725 8000 1215K 6 90 MCHP CALL SWEEP BULLISH 011924 8000 732K 20K 272 MCHP PUT TRADE BULLISH 011725 7500 557K 6 72 MCHP CALL SWEEP BULLISH 072123 8000 456K 13K 105 MCHP CALL TRADE NEUTRAL 011924 8000 432K 20K 38 Where Is Microchip Technology Standing Right Now With a volume of 1158928 the price of MCHP is down 136 at 7904 RSI indicators hint that the underlying stock is currently neutral between overbought and oversold Next earnings are expected to be released in 24 days Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Microchip Technology Benzinga Pro gives you real time options trades alerts

Texas state regulators have filed an emergency cease and desist order against Horatiu Charlie Caragaceanu also known as “The Shark of Wall Street” and his hedge fund Hedge4ai due to what they called an “artificial intelligence investment scam” What Happened The TruthGPT Coin and Elon Musk AI Token were launched in March as a new digital asset investment campaign said Texas regulators The tokens were marketed online through avatars portraying Musk and other well known industry figures who are not connected to the project According to the order document “The respondents are also touting the profitability of TruthGPT Coin even claiming that TruthGPT Coin will increase in value by as much as 10000 times” See More Top Indian Apps That Give Bitcoin NFT Rewards According to the order Investors are also being told Elon Musk endorses TruthGPT Coin and animated avatars and images of Elon Musk are being used to demonstrate his endorsement Promotional media shows the purported involvement of various other public figures For example the website for TruthGPT Coin truthgptccom is allegedly designed to create the appearance that Changpeng CZ Zhao the founder and CEO of Binance and Vitalik Buterin the founder of Ethereum are part of the ecosystem TruthGPT Coin was presented as an AI powered cryptocurrency investment advisor powered by Elon Musk AI Why It Matters However while Musk has previously talked about creating a TruthGPT AI tool it does not involve a token and is not connected in any way to the TruthGPT Coin cited in the order Respondents marketed these digital assets as investments that would significantly increase in value paid lucrative guaranteed returns andor generated considerable passive income the Texas State Securities Board said However these digital assets are now valued at or around 0 per token Price Action At the time of writing TruthGPT was trading at 000037 up 1804 in the last 24 hours according to Benzinga Pro Read More Bitcoin Ethereum Dogecoin Rise After Fed Rate Hike Analyst Predicts Bullish Wave And 32K Target For King Crypto

A whale with a lot of money to spend has taken a noticeably bearish stance on Trade Desk Looking at options history for Trade Desk NASDAQTTD we detected 15 strange trades If we consider the specifics of each trade it is accurate to state that 20 of the investors opened trades with bullish expectations and 80 with bearish From the overall spotted trades 10 are puts for a total amount of 533986 and 5 calls for a total amount of 181422 Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 650 to 960 for Trade Desk over the last 3 months Looking at the volume and open interest is an insightful way to conduct due diligence on a stock This data can help you track the liquidity and interest for Trade Desk s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Trade Desk s whale activity within a strike price range from 650 to 960 in the last 30 days Trade Desk Option Volume And Open Interest Over Last 30 Days Where Is Trade Desk Standing Right Now With a volume of 4064994 the price of TTD is down 001 at 7893 RSI indicators hint that the underlying stock is currently neutral between overbought and oversold Next earnings are expected to be released in 38 days What The Experts Say On Trade Desk Jefferies upgraded its action to Buy with a price target of 105 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you are already an options trader or would like to get started head on over to Benzinga Pro Benzinga Pro gives you up to date news and analytics to empower your investing and trading strategy

Shares of Hyatt Hotels Corp H were indicated up more than 1 in premarket trading Tuesday after the hotel operator beat first quarter profit and revenue expectations amid record levels of leisure demand Net losses narrowed to 73 million or 67 cents a share from 304 million or 299 a share in the year ago period Excluding nonrecurring items the adjusted per share loss was 33 cents beating the FactSet loss consensus of 38 cents Total revenue nearly tripled to 128 billion from 438 million above the FactSet consensus of 111 billion as comparable system wide revenue per available room RevPAR rose 107 to 9398 and comparable US hotel RevPAR increased 126 to 10445 Record levels of leisure demand fueled nearly 60 of our rooms revenue in the quarter with continued outperformance at our resorts and all inclusive properties said Chief Executive Mark Hoplamazian We expect the rate of recovery to broaden and strengthen in the months ahead as evidenced by the strong pace of actualized and future bookings for business and group travel The stock has dropped 168 year to date while the SP 500 SPX has shed 163

The reason interest rates are going higher than you thought is because the inflation rate keeps heading up once all the measures are in and revised The latest reported such figure the core personal consumption expenditure index aka “the CPE” surprised analysts by coming in higher than expected The January 2022 CPE reported on February 24th came in at 54 while most had anticipated 50 This was an increase of the December 2023 number of 50 In addition revisions to the consumer price index trended upward rather than the same or downward another indication of inflation’s firm grip The fixed income markets of bonds and bond related securities don’t wait to see what the Fed will do about it “gee I wonder if the Fed will act no the markets already figure it out and rates go up That’s because the Federal Reserve people know that to bring inflation down they have to take actions that move rates further up It’s not a big secret As a result short term interest rates are higher than long term rates a condition known as “inversion” Analysts with MBAs and experts with PhDs tell us that such a condition often precedes a recession and they’ll point to charts that they say proves it Stock markets then react by selling off further Here’s the short term yield on the Treasury’s 3 month offering Those are “basis points” which translates as 4730 a higher yield than any of those previously seen on this chart Note the low of 225 just after the MarchApril pandemic scare stock market lows Yields on short term notes can be volatile but this is some kind of record Now here’s the yield chart for the Treasury’s 10 year note With a yield of 3961 it’s unusually much lower than the yield on the 3 month Treasury that’s the inversion that the financially well educated keep talking about Is it a reliable indicator of a recession that would come just before a U S Presidential election season But wait there’s more Here’s the point and figure chart for the Treasury’s 30 year bond After bottoming at 85 in early 2020 the 30 year yield has taken off now offering 3964 That’s higher than usual but still below the 3 month yield This inversion of the typical rate structure is concerning as it’s becoming greater than it’s ever been according to those who follow this market closely That yields have risen so much is the reason that bonds have sold off so steadily since late 2019 When rates go up fixed income instruments go down Take a look at this point and figure chart for the benchmark iShares 20 Year Treasury Bond ETF Those who purchased it at 170 4 years ago could sell it today for 100 for a 41 drop in value Although it has bounced off a low of 91 investors must be wondering now about the risks of possible Fed actions on interest rates as they attempt to combat inflation Not investment advice For educational purposes only

ASOS PLC said Thursday that it has adjusted it outlook for fiscal 2023 as inflation hits consumers and that it has appointed Jose Antonio Ramos as its new chief executive officer and Jorgen Lindemann as chairman The online fashion retailer said revenue for the third quarter of the year ended May 31 declined to 9834 million pounds 120 billion from GBP9879 million for the year earlier period as returns rates rose The company s UK and US sales rose by 4 and 15 respectively while European Union sales fell by 2 The company sales had accelerated sales since the end of February ASOS said that it expects to close the financial year with revenue growth in the range of 4 to 7 and an adjusted pretax profit in between GBP20 million and GBP60 million What is now clear based on the significant increase in returns rates that we have seen is that this inflationary pressure is increasingly impacting our customers shopping behavior Chief Operating Officer Mat Dunn said

March 17 Reuters Stock markets in United Arab Emirates rebounded on Friday as fears of a global banking crisis subsided after US authorities and banks came to the rescue of First Republic Bank Major US banks injected 30 billion to save First Republic Bank which was caught up in a widening crisis triggered by the collapse of two other mid size US lenders over the past week Crude prices a key contributor to Gulf economies surged more than 1 on Friday on expectation of strong demand growth in top importer China with Brent gaining 104 or 139 to 7574 a barrel by 1008 GMT In Abu Dhabi the index FTFADGI surged 22 its highest intraday gain since mid October as International Holding Company IHCAD the most valued listed firm in UAE jumped 38 while IHC owned investment firm Multiply Group MULTIPLYAD climbed 64 Among winner UAE s largest lender First Abu Dhabi Bank FABAD gained 25 and largest utilities firm Abu Dhabi National Energy Company TAQAAD drifted 58 higher Eshraq Investment rose 37 after the firm announced the sale of 58 residential apartments in Burj Daman for 162 million dirhams 4411 million According to Fadi Reyad the Abu Dhabi stock market rebounded on easing concerns of banking crisis but could remain under pressure from low energy prices Dubai s main market index DFMGI settled 13 lifted by strong gains in the heavyweight real estate and banking sectors with most stocks trading in positive territory Among gainers toll operator Salik Company gained 29 and state controlled utility firm Dubai Electricity And Water Authority DEWAADU increased 21 Blue chip developer Emaar Properties EMARDU and its construction unit Emaar Development EMAARDEVDU hiked 19 and 38 respectively after both firms declared a full year cash dividend of 25 fils and 52 fils per share respectively Improvement in sentiment globally led to rebound in the Dubai stock market with the financial sector on the upside for the most part said Fadi Reyad Chief Market Analyst at CAPEXcom MENA Abu Dhabi and Dubai markets posted weekly losses of 18 and 11 respectively

China is reportedly acting to take “golden shares” in local units ofAlibaba Group Holding LtdNYSEBABA andTencent Holdings LtdOTCTCEHY as part of the government’s efforts to have a greater role in overseeing the country’s large technology groups While the government backed away from heavy handed fines and sanctions to rein in the country’s largest tech groups it is increasingly snapping up small equity stakes in the local operations of big tech firms such asTikTokownerByteDancereportedthe Financial Times Also ReadHow To Invest In Startups The stakes usually a 1 share of internet groups’ key companies are similar to “golden shares” as they have special rights over certain business decisions the report said What HappenedAn entity under the state investment fund set up by theCyberspace Administration of Chinaacquired a 1 share of an Alibaba subsidiary in Guangzhou on Jan 4 the report said citing Chinese business records CAC acquired the stake to tighten its grip over content at the company’s streaming video unitYoukuand web browserUCWeb FT reported citing sources The unit also appointed a new board memberZhou Moa mid level CAC official has the same name as part of the deal as per FT Meanwhile the specifics of the government’s plan to acquire golden shares in Tencent remain under discussion but will include a stake in one of the group’s main China operating subsidiaries FT reported citing sources “The state is not going away this is the trend for the future” one of the sources was quoted as saying Another person close to Tencent reportedly said the group was nudging for a government entity from its home base of Shenzhen to take the shares instead of bringing in the Beijing based state investment fund that took the stakes in the units of Alibaba ByteDance andWeibo Price Action Shares of Alibaba and Tencent were trading marginally higher on Friday morning Read NextCathie Wood Adds 25M In Bitcoin Linked Stock That s Up 41 This Year Trims Shopify Stake

US stock futures traded slightly higher this morning Here are some big stocks recording losses in today’s pre market trading session Veru Inc NASDAQVERU shares dipped 312 to 260 in pre market after the FDA declined to grant the company s request for Emergency Use Authorization for sabizabulin Diversified Healthcare Trust NASDAQDHC dropped 142 to 127 in pre market trading Diversified Healthcare shares jumped 59 on Thursday after the company reported better than expected Q4 sales results Zscaler Inc NASDAQZS shares tumbled 115 to 11875 in pre market trading despite better than expected Q2 results The company also announced a restructuring plan which includes a 3 workforce reduction ChargePoint Holdings Inc NYSECHPT dropped 107 to 1005 in pre market trading after the company reported worse than expected Q4 results and issued weak guidance Don’t forget to check out our premarket coverage here Marvell Technology Inc NASDAQMRVL shares declined 96 to 4179 in pre market trading after the company reported mixed Q4 results and issued Q1 EPS guidance below estimates Hut 8 Mining Corp NASDAQHUT fell 74 to 151 in pre market trading Exelixis Inc NASDAQEXEL fell 66 to 1605 in pre market trading after the company issued an update on Phase 3 CONTACT 03 trial evaluating cabozantinib in combination with atezolizumab in patients with previously treated advanced kidney cancer MicroStrategy Incorporated NASDAQMSTR dropped 47 to 24100 in pre market trading Dell Technologies Inc NYSEDELL fell 44 to 3841 in pre market trading Dell posted better than expected earnings for its fourth quarter The company also announced the retirement of its CFO Tom Sweet and named Yvonne McGill its new CFO Coinbase Global Inc NASDAQCOIN shares dropped 44 to 6088 in pre market trading Now Read This Fear Greed Index Moves To Neutral Zone US Stocks Settle Higher

As we kick off 2023 Wall Street appears to be shifting its focus from inflation to growth Investors apparently believe the Federal Reserve has inflation under control after dramatically raising interest rates throughout last year Now those higher rates are fueling fears of a recession in the US But the deepening US economic slowdown comes just as China has moved to abandon its zero Covid policy and reopen its economy after 3 years While the US has been forced to rein in its economy due to multi decade high inflation China – the world s second largest economy – has been weighed down by strict lockdowns since the onset of the Covid 19 pandemic And with Beijing finally rolling back restrictions the Chinese economy has nowhere to go but up even as a surge in Covid cases is expected to temporarily hold up the reopening As a result Club stocks with exposure to China are seeing a boost with the potential for their share prices along with overall company growth to accelerate in the coming months We ve long predicted the China reopening to be a when not if scenario and have been gradually building up our China focused positions in recent months – key among them Estee Lauder EL Starbucks SBUX and Wynn Resorts WYNN on the premise that trying to time an exact pivot on the China reopening is a fool s errand At the Club we re believers in taking on new exposure slowly over time in order to improve our cost basis and get ahead of market sentiment improving Patience is paramount And our investment thesis is starting to pay off with Wall Street expressing bullish optimism on our 3 key China exposed holdings Wells Fargo on Monday upgraded Wynn to overweight or buy from equal weight while raising its price target to 101 a share from 74 Analysts at Wells Fargo cited the reopening of China s Macao casino hub – where Wynn operates two properties – calling it the best growth opportunity in Gaming On Tuesday analysts at Piper Sandler reiterated their overweight rating on Estee Lauder while raising the bank s price target to 290 a share from 255The analysts believe that shares should be bolstered by the cosmetics giant s 28 billion deal to acquire Tom Ford along with China s reopening Lastly analysts at Bank of America reiterated their buy rating on shares of Starbucks on Tuesday while raising their price target to 125 a share from 109 saying the coffeemaker appears poised to benefit from China s long awaited economic reopening Still the analysts cautioned the timing of this tailwind is still uncertain as the economy struggles with the fallout of policies like weak economic growth and widespread COVID outbreaks Bottom line If you wait for the economy to rebound and the current Covid surge to die down you will have almost certainly missed the chance to pivot to China Jim Cramer s Charitable Trust is long EL WYNN SBUX See here for a full list of the stocks 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 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 NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED As we kick off 2023 Wall Street appears to be shifting its focus from inflation to growth Investors apparently believe the Federal Reserve has inflation under control after dramatically raising interest rates throughout last year Now those higher rates are fueling fears of a recession in the US

A whale with a lot of money to spend has taken a noticeably bearish stance on Gilead Sciences Looking at options history for Gilead Sciences NASDAQGILD we detected 13 strange trades If we consider the specifics of each trade it is accurate to state that 46 of the investors opened trades with bullish expectations and 53 with bearish From the overall spotted trades 5 are puts for a total amount of 182730 and 8 calls for a total amount of 352530 What s The Price Target Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 750 to 775 for Gilead Sciences over the last 3 months Volume Open Interest Development Looking at the volume and open interest is an insightful way to conduct due diligence on a stock This data can help you track the liquidity and interest for Gilead Sciences s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Gilead Sciences s whale activity within a strike price range from 750 to 775 in the last 30 days Gilead Sciences Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted Symbol PUTCALL Trade Type Sentiment Exp Date Strike Price Total Trade Price Open Interest Volume GILD CALL SWEEP BULLISH 091523 7500 611K 102 0 GILD CALL TRADE BEARISH 011924 7500 466K 21K 0 GILD CALL TRADE BEARISH 011924 7500 453K 21K 206 GILD CALL SWEEP BEARISH 011924 7500 409K 21K 83 GILD PUT TRADE BULLISH 011924 7500 402K 78K 10 Where Is Gilead Sciences Standing Right Now With a volume of 1066724 the price of GILD is up 071 at 7655 RSI indicators hint that the underlying stock is currently neutral between overbought and oversold Next earnings are expected to be released in 32 days What The Experts Say On Gilead Sciences RBC Capital downgraded its action to Sector Perform with a price target of 88 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Gilead Sciences Benzinga Pro gives you real time options trades alerts

Economic activity in Chicago barely expanded in August for a second straight month data from a survey compiled by MNI Indicators showed Wednesday The Chicago Business Barometer increased marginally to 522 in August from 521 in July hovering around levels last seen in July August 2020 and broadly matching the 520 consensus forecast from economists polled by The Wall Street Journal The reading suggests activity grew only slightly on month as it is just above the 50 threshold which signals expansion The barometer is compiled after surveying firms in the Chicago area to assess business conditions The index takes into account five components new orders order backlogs production supplier deliveries and employment The production index rose to 549 in August almost recovering July s drop and suggesting output rose in August underpinned by more shipping days the report said The new orders index also increased to 489 although it remained below the 50 point threshold that signals contraction Order Backlogs grew by 61 points to 545 the data showed The employment index decreased slightly to 546 in a sign that companies in the area kept steady hiring levels in the context of a tight labor market The supplier deliveries index declined to 621 while inventories registered a large rebound MNI indicators said Inflation pressures persisted and were acute with the prices paid index unchanged at 818

The best US labor market for workers in decades is starting to fray around the edges but not fast enough for a Federal Reserve bent on vanquishing high inflation The signs of cooling are everywhere Job openings have fallen from record highs Hiring has slowed Layoffs have risen Unemployment has crept higher And wages aren’t growing quite as rapidly “More broadly there are growing signs that the once red hot labor market is softening” said Jim Baird chief investment officer at Plante Moran Financial Advisors Yet by any measure the US jobs market is still unusually strong Almost anyone who wants a job can find one for one thing And the biggest complaint businesses have about the labor market is that good help is hard to find “Labor shortages remain widespread” the St Louis Federal Reserve said in the central bank’s latest Beige Book survey of the economy The tight labor market poses a big challenge for the Fed The scarcity of workers has driven up wages the biggest expense for many companies and threatens to prolong a bout of high inflation whose origins lay elsewhere Inflation has risen in the past year at the fastest pace since Ronald Reagan was president in the early 1980s The cost of living has climbed 77 in the past 12 months up from less than 2 a year before the pandemic One of the Fed’s two main jobs is to ensure a strong labor market but its other directive is to keep inflation low When the two goals conflict the Fed has historically put more weight on reducing inflation Why It’s not because the Fed wants to hurt workers as Chairman Jerome Powell has repeatedly stated but because the central bank sees persistently high inflation as more damaging to the economy and the labor market in the long run compared to a relatively short period of higher unemployment To help bring down inflation the Fed needs to engineer slower economic growth and chill the demand for goods services and labor That means fewer workers being hired and more being fired no matter how delicately senior Fed officials put it The labor market is not even close to breaking however Far from it Start with job openings They have fallen to 103 million from a record 119 million in March but they are still much higher now than they were before the pandemic Job listings totaled a much smaller 72 million in 2020 just before the viral outbreak The number of new jobs being created meanwhile has slowed to an average of 272000 a month in the fall from 539000 in the first quarter Yet the US is still adding jobs at the fastest pace since the go go 1990s Layoffs are rising but only from extremely low levels New unemployment filings or jobless claims have risen to 230000 from a 54 year low of 166000 in the early spring “Weekly claims ticked up a bit but remain historically low” said corporate economist Robert Frick of Navy Federal Credit Union More people are also collecting unemployment benefits The number of people receiving checks has climbed to a nine month high of 167 million but they are still below pre pandemic levels “It is taking somewhat longer for those recently unemployment to find new jobs” said Neil Dutta head of macroeconomics at Renaissance Macro Research The unemployment rate isn’t giving off bad vides either The jobless rate stands at 37 just a few ticks above the lowest level in half a century The strong demand for labor has resulted in a record number of workers quitting lower paying jobs for better paying ones while those who’ve stayed have asked their employers for more compensation To wit hourly pay has jumped 51 in the past year While the increase is down a bit from 56 in March wages are climbing at the fastest clip since 1982 And therein lies the Fed’s problem The central bank worries that workers will keep using their leverage to seek higher pay and thwart its effort to subdue inflation It’s a chicken and egg scenario economists say Workers are asking for higher pay in large part to cope with high inflation but if they keep getting big pay increases wages will then play a bigger role in keeping inflation high “We want wages to go up” Powell said after the Fed raised interest rates again in November Higher interest rates are the main tool by which the Fed slows the economy “We just want them to go up at a level that’s sustainable and consistent with 2 inflation” he added What will the labor market look like under that scenario Senior Fed officials predict the unemployment rate is like to rise to as high as 5 in the next year or so If they’re right the US economy is not only going to stop adding net jobs soon It’s going to start losing jobs each month The first evidence is likely to show up in weekly jobless claims If they climb to 250000 and head toward 300000 history shows it will be a clear sign of a deteriorating labor market and potentially the onset of recession

US stocks traded lower toward the end of trading with the Dow Jones dropping over 600 points on Thursday The Dow traded down 184 to 3276120 while the NASDAQ fell 3 to 10389 The SP 500 also fell dropping 233 to 378790 Check This Out Market Volatility Drops Further Following Rebound In US Consumer Confidence Leading and Lagging Sectors Consumer staples shares fell by just 09 on Thursday Meanwhile top gainers in the sector included Calavo Growers Inc NASDAQCVGW up 3 and Whole Earth Brands Inc NASDAQFREE up 3 In trading on Thursday information technology shares dipped by 37 Top Headline The US economy expanded an annualized 32 on quarter in the third quarter up from 29 in the second estimate Equities Trading UP ProQR Therapeutics NV NASDAQPRQR shares shot up 81 to 29801 after the company along with Eli Lilly announced the expansion of their licensing and collaboration agreement of new genetic medicines ProQR will receive an upfront payment of 75 million plus an equity investment Shares of ORIC Pharmaceuticals Inc NASDAQORIC got a boost shooting 55 to 466 after the company announced it has entered into a clinical development collaboration for a potential Phase 2 study of ORIC 533 in multiple myeloma with Pfizer and agreed to sell about 538 million of its common shares at a price of 465 per share to Pfizer for proceeds of approximately 25 million IsoPlexis Corporation NASDAQISO shares were also up gaining 129 to 158 Berkeley Lights announced plans to acquire IsoPlexis in all stock transaction at 578 million Equities Trading DOWN Evolv Technologies Holdings Inc NASDAQEVLV shares tumbled 26 to 20250 Evolv Technology announced 75 million in non dilutive debt financing with Silicon Valley Bank Shares of AMC Entertainment Holdings Inc NYSEAMC were down 15 to 44799 after the company announced a 110 million equity capital raise The company also announced a proposed vote to convert its preferred equity units into common shares and implement a reverse stock split Ever Glory International Group Inc NASDAQEVK was down falling 36 to 03490 Ever Glory announced voluntary delisting from the Nasdaq Global Market Also Check This Out Muscle Maker And 2 Other Stocks Under 1 Insiders Are Aggressively Buying Commodities In commodity news oil traded down 05 to 7788 while gold traded down 12 at 180320 Silver traded down 17 to 23785 on Thursday while copper fell 13 to 37615 Euro zone European shares were lower today The eurozone’s STOXX 600 fell 097 London’s FTSE 100 fell 037 while Spain’s IBEX 35 Index fell 036 The German DAX dipped 130 French CAC 40 fell 095 and Italy’s FTSE MIB Index dipped 124 Industrial producer prices in Italy increased 294 year over year in November Business investment in the UK dropped by 25 on quarter during the third quarter The British economy grew by 19 year over year in the third quarter while current account deficit narrowed to GBP 194 billion in the quarter Asia Pacific Markets Asian markets closed mixed on Thursday with the Japan’s Nikkei gaining 046 and Hong Kong’s Hang Seng Index gaining 271 China’s Shanghai Composite Index fell 046 The index of coincident economic indicators in Japan fell to 996 in October from 1008 in the previous month while index of leading economic indicators rose to 986 in October from 982 in September Economics US jobless claims increased by 2000 to 216000 in the week ending December 17 compared to market estimates of 220000 The US economy expanded an annualized 32 on quarter in the third quarter up from 29 in the second estimate Now Read This Why Cinemark Liberty SiriusXM And Other Oversold Majors In The Communication Services Sector Look Promising COVID 19 Update The US has the highest number of coronavirus cases and deaths in the world reporting a total of 102048470 cases with around 1114930 deaths India confirmed a total of at least 44677590 cases and 530680 deaths while France reported over 39025730 COVID 19 cases with 160870 deaths In total there were at least 659881370 cases of COVID 19 worldwide with more than 6678920 deaths

SoftBank Founder Masayoshi Son said there is confusion in the world and in the markets due to a number of factors including Russia s invasion of Ukraine high inflation and central bank moves to raise interest rates These factors have contributed to a record annual loss at SoftBank s Vision Fund SoftBank on Thursday reported a record loss at its Vision Fund investment unit as technology stocks have been hammered by rising interest rates and Beijing s regulatory crackdown has hurt its China holdings The Japanese giant s Vision Fund posted a 35 trillion yen loss 274 billion for its financial year ended Mar 31 the biggest loss since the investment fund began in 2017 Vision Fund s woes contributed to a record 17 trillion yen annual loss for the entire SoftBank group Its shares closed 8 lower in Japan Thursday SoftBank s Vision Fund invests in high growth stocks and is the brain child of founder Masayoshi Son as a way to reposition the company into an investment firm But global markets have been in turmoil as investors contest with rampant inflation and the US Federal Reserve raising interest rates that have caused investors to flee high growth tech stocks The ongoing Russian war on Ukraine and a resurgence of Covid 19 in China and the subsequent lockdown of the financial mega city Shanghai has fueled concerns over global growth and added extra pressure on markets Son said during an earnings presentation Thursday that these factors have caused confusion in the world and in the markets according to an official translation South Korean e commerce firm Coupang which went public last year in the US and is down nearly 60 this year was one of the companies that contributed to the Vision Fund s loss Singaporean ride hailing giant Grab and US delivery firm Doordash were among the other woeful performers in the portfolio SoftBank also recorded write downs in valuations for some of the private companies that it invests in Son said the company will go into defense mode as a result of the headwinds This will include having stricter criteria for new investments and being more conservative when it comes to the pace of new investments

A whale with a lot of money to spend has taken a noticeably bearish stance on Alibaba Group HoldingLooking at options history for Alibaba Group Holding NYSEBABA we detected 25 strange tradesIf we consider the specifics of each trade it is accurate to state that 36 of the investors opened trades with bullish expectations and 64 with bearishFrom the overall spotted trades 14 are puts for a total amount of 1498552 and 11 calls for a total amount of 636887What s The Price TargetTaking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 400 to 1800 for Alibaba Group Holding over the last 3 months Volume Open Interest DevelopmentLooking at the volume and open interest is a powerful move while trading options This data can help you track the liquidity and interest for Alibaba Group Holding s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Alibaba Group Holding s whale trades within a strike price range from 400 to 1800 in the last 30 days Alibaba Group Holding Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted SymbolPUTCALLTrade TypeSentimentExp DateStrike PriceTotal Trade PriceOpen InterestVolume BABAPUTTRADEBEARISH012023180005775K130K50 BABAPUTSWEEPBEARISH01202360002124K95K414 BABAPUTTRADEBULLISH01202385001226K138K290 BABAPUTTRADEBEARISH121622110001185K22K160 BABACALLSWEEPBEARISH10282265001095K87K45K Where Is Alibaba Group Holding Standing Right Now With a volume of 18897445 the price of BABA is down 023 at 6301 RSI indicators hint that the underlying stock may be oversoldNext earnings are expected to be released in 23 days What The Experts Say On Alibaba Group Holding Morgan Stanley has decided to maintain their Overweight rating on Alibaba Group Holding which currently sits at a price target of 110 Barclays has decided to maintain their Overweight rating on Alibaba Group Holding which currently sits at a price target of 135 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closelyIf you want to stay updated on the latest options trades for Alibaba Group Holding Benzinga Pro gives you real time options trades alerts

Rivian Automotive Inc RIVN laid off 6 of its 14000 employees on Wednesday according to an internal email sent to staffers at the electric vehicle startup and viewed by The Wall Street Journal Inflation rising interest rates and raw material costs had made it more difficult for companies to raise additional cash Chief Executive RJ Scaringe wrote in an email to employees announcing the layoffs

Bitcoin CRYPTO BTC the world’s most valued cryptocurrency remained mostly unchanged around the 19800 level this morning on Tuesday The second most valued cryptocurrency Ethereum CRYPTO ETH meanwhile traded sharply higher surpassing toward the 1650 mark ahead of the much awaited Merge expected to start on September 6 The actual Merge meanwhile will trigger between September 10 and September 20 Other popular crypto coins including Dogecoin CRYPTO DOGE Solana CRYPTO SOL and Ripple CRYPTO XRP also traded higher this morning TerraClassicUSD CRYPTO USTC was the top gainer over the prior 24 hours while Helium CRYPTO HNT turned out to be the biggest loser At the time of writing the global crypto market cap rose to 99484 billion recording a 24 hour gain of 18 BTC was trading higher by around 01 to 19797 while ETH rose by around 6 to 1658 on Tuesday Investors are now awaiting earnings results from Kingsoft Cloud Holdings Limited NASDAQKC HealthEquity Inc NASDAQHQY and UiPath Inc NASDAQPATH scheduled for release today Here are the top ten crypto gainers and losers over the past 24 hoursGainers TerraClassicUSD CRYPTO USTC Price 00441524 hour gain 427 Ethereum Classic CRYPTO ETC Price 403924 hour gain 26 Flux CRYPTO FLUX Price 13824 hour gain 195 Bitcoin Gold CRYPTO BTG Price 254724 hour gain 145 Ravencoin CRYPTO RVN Price 00368824 hour gain 137Losers Helium CRYPTO HNT Price 38024 hour drop 66 Nexo CRYPTO NEXO Price 0978624 hour drop 63 UNUS SED LEO CRYPTO LEO Price 50724 hour drop 26 OKB CRYPTO OKB Price 149524 hour drop 24 Klaytn CRYPTO KLAY Price 022724 hour drop 09

JOHANNESBURG April 24 Reuters The South African rand fell in early trade on Monday as the dollar advanced at the start of a week where trading could be thinner and market conditions more volatile because of upcoming public holidays At 0625 GMT the rand traded at 181350 to the dollar down about 02 on its Friday close The US currency was up 01 against a basket of rivals South Africa marks Freedom Day on Thursday and with the following Monday another public holiday Workers Day many local traders will be away from their desks from Wednesday s market close until next Tuesday It would make sense that market conditions will be much thinner this week ETM Analytics said in a research note This week s economic data releases include the central bank s leading business cycle indicator for February ZALEADECI on Tuesday the March producer price index ZAPPIYECI on Wednesday and March money supply ZAM3ECI trade ZATBALECI and budget figures ZABUDMECI on Friday Although none is typically market moving they could exert some influence in thinned out market conditions ETM Analytics said On global markets the focus was on a slew of central bank policy meetings that could signal how soon the steep increases in interest rates globally might come to an end South Africa s benchmark 2030 government bond was marginally weaker in early deals with the yield up 15 basis points to 10135

Gresham Technologies PLC said Tuesday that it expects to report a 56 rise in revenue for the first half of this year and to meet market forecasts for the year as a whole The software and services company said that it expects to report revenue for the half year ended June 30 of 231 million pounds 28 million which is benefiting from the acquisition of Electra Information Systems Inc last June Excluding Electra revenue for the half year rose 19 Gresham said The company said adjusted earnings before interest taxes depreciation and amortization a metric that strips out exceptional and other one off items for the period is expected to be in line with the board s expectations Gresham has provided revenue expectations for the year of GBP420 million and adjusted Ebitda of GBP92 million We enter the second half with a robust pipeline of demand and a substantial opportunity to take further market share in our core financial services market Chief Executive Ian Manocha said The group s positive trading momentum robust balance sheet and growing recurring revenues provide the board with confidence in the remainder of the year and beyond Mr Manocha said

The SPDR SP 500 ETF Trust NYSESPY bounced off its lowsFriday after the latest reading of consumer confidence suggests rising prices and economic uncertainty maybe negatively impacting US consumers What Happened The University of Michigan has announced the preliminary results of its March Survey of Consumers The index for consumer sentiment was up 67 year over year but down54 compared to February The index for economic conditions was also down12 year over year and 61 on a monthly basis Related Link How Have Bank Failures Impacted The Outlook For Interest Rates The consumer sentiment index suggests consumers are somewhat concerned about inflation economic uncertainty and sluggish financial markets The Labor Department reported this month that the Consumer Price Index CPI was up 6 in February down from a 40 year high of 91 back in June 2022 The University of Michigan reported the index for consumer expectations dropped 49 compared to February but is up 133 from a year ago Why It Matters The SP 500 has given up most of its January gains as persistent inflation rising interest rates and instability among regional banks has weighed on investors optimism The University of Michigan said Friday the median expected year ahead inflation rate among consumers is 38 downfrom 42 in February While inflation may finally be subsiding it s still well above the Federal Reserve s long term target of 2 It remains to be seen just how much higher the Fed will need to raise interest rates to bring inflation down to its target range Investors will get their next key economic update Wednesday when the Federal Reserve releases its latest interest rate decision and accompanying commentary Photo via Shutterstock

Ethereum ETHUSD declined 10 in the last 24 hours leading to cascading liquidations for traders who were long on the second largest cryptocurrency by market cap What Happened Ethereum saw 174 million worth of liquidations on Sept 15 as the asset’s price fell to an intra day low of 1466 on Thursday as per data from Coinglass The majority of ETH traders were in long positions and saw the maximum amount of pain as the asset traded lower following its highly anticipated Merge to a Proof of Stake PoS network See Also WHY IS THE ETHEREUM MERGE IMPORTANT More than 122 million ETH longs were liquidated while ETH shorts saw a comparatively lower 47 million worth of liquidations Bitcoin BTCUSD was the second most liquidated asset with 39 million in liquidations followed by Ethereum Classic ETCUSD which saw 24 million worth of liquidations The native token of the Celsius Network CELUSD also saw a higher than normal amount of liquidations which amounted to 596 million on the last day CEL unexpectedly rallied 66 an hour after the Ethereum Merge prompting market participants like Ethereum creator Vitalik Buterin to joke that the coin had “converted to Fahrenheit” A total of 82900 traders were liquidated from cryptocurrency markets with total daily liquidations exceeding 296 million at the time of writing Price Action At press time ETH was trading at 1470 down 10 over the last 24 hours as per data from Benzinga Pro

Someone with a lot of money to spend has taken a bullish stance on Moderna NASDAQMRNA And retail traders should know We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga Whether this is an institution or just a wealthy individual we don t know But when something this big happens with MRNA it often means somebody knows something is about to happen So how do we know what this whale just did The overall sentiment of these big money traders is split between 66 bullish and 33 bearish Out of all of the special options we uncovered 5 are puts for a total amount of 376643 and 7 are calls for a total amount of 193211 Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 1550 to 3300 for Moderna over the last 3 months Looking at the volume and open interest is a powerful move while trading options This data can help you track the liquidity and interest for Moderna s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Moderna s whale trades within a strike price range from 1550 to 3300 in the last 30 days Moderna Option Volume And Open Interest Over Last 30 Days Where Is Moderna Standing Right Now With a volume of 3212153 the price of MRNA is up 208 at 2260 RSI indicators hint that the underlying stock may be approaching oversold Next earnings are expected to be released in 43 days Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you are already an options trader or would like to get started head on over to Benzinga Pro Benzinga Pro gives you up to date news and analytics to empower your investing and trading strategy

Canopy Growth Corporation TSXWEED NASDAQCGC has entered into an agreement with an institutional investor for the purchase and sale of up to 150 million aggregate principal amount of senior unsecured convertible debentures Pursuant to the terms of the agreement the institutional investor purchased an initial 100 million of the convertible debentures and an additional 50 million of the convertible debentures will be purchased in the event that certain conditions outlined in the indenture are satisfied or waived As further described below no cash will be payable by Canopy Growth in any circumstances in respect of principal interest or any other amounts owing pursuant to the terms of the convertible debentures The convertible debentures were sold at 1000 per convertible debenture and bear interest at a rate of 50 per annum payable in common shares at the earlier of the time of conversion of the convertible debentures or February 28 2028 The convertible debentures are convertible into common shares at the option of the institutional investor at a conversion price equal to 925 of the three day volume weighted average price of the common shares ending on the trading day prior to conversion On the maturity date the principal amount of the convertible debentures including any accrued but unpaid interest will also be paid in common shares The company intends to use the proceeds from the offering for working capital and general corporate purposes Price Action Canopy Growth shares were trading 637 lower at 235 per share during Tuesday’s pre market session Benzinga s Cannabis Capital Conference Is Back The most successful cannabis business event in the world the Benzinga Cannabis Capital Conference returns to Miami for its 16th edition This is the place where DEALS GET DONE where money is raised MA starts and companies meet investors and key partners Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11 12 Don’t miss out Secure your tickets now Prices will surge very soon Photo by Tim Foster on Unsplash

Cathie Wood led Ark Investment Management bought over 25000 shares of Nvidia Corporation NASDAQNVDA via two of the firm’s exchange traded funds valued at over 352 million based on Thursday’s closing price Nvidia is the 33rd largest holding in the firm’s ARK Autonomous Tech Robotics ETF NYSEARKQ with a weight of 098 according to the firm’s data It is the 22nd largest holding in ARK Next Generation Internet ETF NYSEARKW with a weight of 137 Also Read Oil Slides Further As Demand Worries Grow But US Officials Prepare For Possible Price Surge By Year End Price Action Nvidia shares have lost over 18 in one month This is the second time this week Wood has loaded up on shares of the chipmaker On Tuesday Wood bought over 31000 shares in the company The US ban on exports of Nvidia and AMD s flagship artificial intelligence chips to China is set to create new business opportunities for domestic start ups eyeing a piece of China s fast growing data center chip market reported Reuters citing industry executives and analysts Post the ban there was some respite for the company as the US government allowed it to continue developing its H100 artificial intelligence chip in China The US granted permission to Nvidia to perform exports needed to support US customers of A100 through March 1 2023 Spotify Sale Wood sold over 20000 shares of Spotify Technology SA NYSESPOT through the ARK Next Generation Internet ETF valued at over 22 million based on Thursday’s closing price The stock has lost close to 9 in a month The company’s founder Daniel Ek exploited a rare visit to Brussels to apply personal pressure on the European Commission to accelerate the case against Apple Inc NASDAQAAPL reported Financial Times

Cannabis technology and marketing platform Leafbuyer Technologies Inc OTCQBLBUY reported Tuesday financial results for the third quarter ended Sep 30 with revenue of 113 million up by 325 from 851693 in the same period year ago We saw nice growth in the quarter but we think the biggest highlight was the increased demand for our higher margin products” Kurt Rossner chief executive officer of Leafbuyer stated “As the overall cannabis market continues to struggle we are seeing the best demand in our history We continue to execute on our plan to expand into new markets throughout the country and have been encouraged by the continued success that we have had in these markets Q3 Financial Summary Gross Profit increased to 476145 from 221157 in the same period Net loss amounted to 209972 compared to net loss of 296 million in the third quarter of 2021 Operating Expenses decreased from 809639 to 635136 About Leafbuyer Leafbuyer Technologies is a comprehensive marketing technology provider in the cannabis industry Hundreds of cannabis businesses use the Leafbuyer texting and loyalty platform and the Custom App solution to engage with current and potential customers Leafbuyercom is a robust online resource for cannabis consumers and the company s partnerships with other websites have created a national network of cannabis deals and information that reaches millions of consumers every month Price Action Leafbuyer shares were trading 016 lower at 004 at the time of writing Tuesday morning Photo Courtesy of Diyahna Lewis on Unsplash

Bloomberg Meta Stock Falls Premarket EU Slaps Company With Record 13B Penalty For Data Privacy Violation The Irish Data Protection Commission slappedMeta Platforms IncNASDAQMETA with a penalty of a record €12 billion 13 billion for user privacy invasion Meta has a deadline of five months to suspend any future transfer of personal data to the US and six months to stop the unlawful processing including storage in the US of transferred personal EU data EU regulators in December launched proposals to replace the previous Privacy Shield pact that the EU s Court of Justice had struck down New York Times Uber s Diversity Leader Faces Heat For Discussions At Company s Racism Focused Events Uber Technologies IncNYSEUBER suspended the veteran head of diversity equity and inclusion Bo Young Lee following complaints of racism at a company event Uber s Slack groups for Black and Hispanic employees expressed frustration for the company minimizing racism and the harm white people can inflict on people of color by focusing on how Karen is a hurtful word The workers felt prioritization of difficulties experienced by white women and that Lee was dismissive of their concerns Financial Times Why Micron Tech Stock Is Trading Lower Monday Micron Technology IncNASDAQMU stock is trading lower Monday after China banned some of its product sales after a seven week investigation into Micron The Cyberspace Administration of China flagged serious cybersecurity issues posed by Micron products and potential risks to the country s key information supply chains The regulator urged domestic firms that provide key information infrastructure to stop buying from Micron Where Is Our Bonus Credit Suisse Employees Plan Lawsuit Against Swiss Regulator Over AT1 Bonus Losses Due To UBS Rescue Credit Suisse Group AGNYSECS employees are reportedly preparing to sue Swiss regulator FINMA after losing 400 million in bonuses partially tied to the bank s AT1 bonds Quinn Emanuel and Pallas law firms already suing Swiss regulator Finma on behalf of investors who owned Additional Tier 1 AT1 bonds have received multiple requests from senior managers at Credit Suisse to take legal action on their behalf UBS said this week that it would book a 400 million gain from the move once it completed the takeover Wall Street Journal Exxon Quietly Joins Search For Lithium Exxon MobilNYSEXOM has started to prepare for a future that will be significantly less reliant on gasoline Exxon recently purchased drilling rights to a sizable chunk of Arkansas land from which it aims to produce the mineral a key ingredient in batteries for electric cars cellphones and laptops According to the sources lithium is far removed from the fossil fuel business which has powered Exxon s profits for over a century It signals the company s assessment that demand for internal combustion engines could soon peak Benzinga Pay Your Writers Warner Bros CEO Zaslav Heckled During Boston University Commencement Speech Warner Bros Discovery IncNASDAQWBD Chief ExecutiveDavid Zaslavwas heckled with angry chants from students at Boston University while he had taken the stage to accept his honorary degree and give the 2023 commencement speech Hundreds of seniors at Boston University attended the event as 7000 degrees were conferred in nearly 350 fields of study During his 20 minute speech the Warner Bros chief was attacked with brutal comments like Shut up Zaslav We don t want you here and Pay your writers NatWest Buys Back Stock Worth £126B From UK Government Reduces Latter s Stake to 386 NatWest Group PLCNYSENWG disclosed buying back its shares worth £126 billion from the UK government The off market purchase amounts to NWG s stock at 2684 pence per share as of the close of trading on May 19 2023 NWG plans to cancel 336 million shares and expects to hold the remaining 133 million in treasury Volkswagen Exits Russia Completes Sale Of Russian Operations To Local Dealer Volkswagen AGOTCVWAGY has completed the sale of its assembly plant and other operations in RussiaArt Finance LLC which the Russian Dealer Avilon supports With the registration of the transaction ownership of the shares held by Volkswagen Group Rus LLC and its subsidiaries are transferred to the buyer The transaction includes the production facilities in Kaluga the importer structure and the warehousing and financial services activities with all its associated employees Ford Reaffirms EBIT Outlook Inks Lithium Products Supply Agreement With Nemaska Lithium Ford Motor CoNYSEF has reiterated FY23 adjusted EBIT guidance of 9 billion 11 billion The auto major anticipates about 7 billion EBIT for Ford Blue nearly 6 billion for Ford Pro and an FY23 loss of about 3 billion for the startup Ford Model e Also Ford has entered into a long term agreement withNemaska Lithiumto supply lithium products including lithium hydroxide over 11 years Applied Material To Inject 4B For Chip RD Center In Silicon Valley Applied Materials IncNASDAQAMAT disclosed an investment of around 4 billion for creating the world s largest and most highly advanced research facility Equipment and Process Innovation and Commercialization EPIC Center in Silicon Valley The company expects to invest over the next seven years in building the EPIC center at its campus and expects subsidies from the government under the CHIPS and Science Act The new innovation center is expected to finish by early 2026 and will host around 25 billion of RD work in the first 10 years of operations Chevron To Acquire PDC Energy In 76B Deal Chevron CorporationNYSECVX inked a pact to acquirePDC Energy IncNASDAQ PDCE in an all stock deal worth 76 billion including debt The acquisition provides development opportunities adjacent to Chevron s position in the Denver Julesburg DJ Basin and additional acreage to Chevron s leading position in the Permian Basin The deal valued at 72 per share will add 1 billion to annual free cash flow It will add new drilling inventory to Chevron s US oil and gas reserves Reuters Mayo Clinic Study Highlights Potential of Novo Nordisk s Wegovy for Cardiac Health and Weight Loss Researchers at the Mayo Clinic found thatNovo Nordisk AS sNYSENVO Wegovy semaglutide reduced the risk of heart disease and boosted weight loss After a year of taking semaglutide the risk of a heart attack or a stroke over the next ten years dropped to 63 from 76 The study included 93 patients and the researchers said that more extensive studies were needed to see if the risk reduction score meant less illness and death long term Morgan Stanley May Get New CEO Succeeding James Gorman Within 12 Months Morgan StanleyNYSEMS will appoint its next chief executive officer within 12 months succeeding the company s current CEOJames P Gorman The company has identified a few strong candidates for the position Morgan Stanley s co presidents Ted Pick and Andy Saperstein Chief Operating Officer Jonathan Pruzan and head of investment management Dan Simkowitz are likely contenders for the position Photo via Meta

A whale with a lot of money to spend has taken a noticeably bullish stance on Zscaler Looking at options history for Zscaler ZS we detected 24 strange trades If we consider the specifics of each trade it is accurate to state that 70 of the investors opened trades with bullish expectations and 29 with bearish From the overall spotted trades 3 are puts for a total amount of 271970 and 21 calls for a total amount of 1507427 Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 1450 to 1725 for Zscaler over the last 3 months In terms of liquidity and interest the mean open interest for Zscaler options trades today is 241212 with a total volume of 3348500 In the following chart we are able to follow the development of volume and open interest of call and put options for Zscaler s big money trades within a strike price range of 1450 to 1725 over the last 30 days Zscaler Option Volume And Open Interest Over Last 30 Days Where Is Zscaler Standing Right Now With a volume of 811014 the price of ZS is up 118 at 15689 RSI indicators hint that the underlying stock is currently neutral between overbought and oversold Next earnings are expected to be released in 38 days Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Zscaler Benzinga Pro gives you real time options trades alerts

As we move to the fall of 2022 we should note that November is a busy month with sustainability and green growth summits and opportunities These include the Egypt Climate Conference of the Parties COP27 and the Group of 20 summit in Indonesia These events are taking place during an economic recession a war between Russia and Ukraine and a very fragile global economy affected by high inflation supply chain disruptions and post Covid traumas While these economic and geopolitical shocks create incentives for unsustainable carbon intensive practices such as coal based energy generation we should look at November in the context of a “changed world” A world that has lost 65 million people due to Covid 19 as of August 31 2022 and that has lost 8 trillion in economic output just in 2020 this equal 10 of 2020 global output This is a word that also believes decarbonization is the best way to prevent future crises to manage shocks when these occur as well as to create a new industrial revolution Let’s look at these opportunities Climate Summit COP27 The Egyptian government will host over 150 Heads of States to continue executing the Paris 2015 Climate Accords These aimed to ensure that all countries reach Zero Net by 2050 Net zero refers to the decarbonization of our economies to the level in which the greenhouse gases going into the atmosphere are harmonized by their complete removal to prevent uncontrollable global warming Last year at the COP26 in the United Kingdom most countries except China Russia Saudi Arabia Australia and India committed to Net Zero by 2050 These laggards committed to do the same by 2060 It is important to note that these are just commitments and non binding agreements Suffice to remember that when President Trump won the election 6 years ago withdrew the US from all global climate agreements COP27 takes place at an inflexion point though The US has just approved a 500 billion climate investment package Clean tech investment has accelerated topping 1 trillion in 2021 The First Mover Coalition 50 of the largest corporations in the world with a market cap of 60 trillion committed at Davos Economic to buy green cement green hydrogen and green coal providing the market signals to make these scalable Wall Street is scooping up any climate risk modelling firm to ensure that investment is pricing in environmental risk going forward Finally on the clean energy front there is an unprecedented investment momentum given that countries are seeking more energy security to insulate themselves from geopolitical shocks There is also more coordination between the public private sectors and capital market as there is clarity that the risk of uncontrollable disaster events accelerated by global warming will become unmanageable unless vulnerabilities are tackled The price tag to reach Net Zero is clearly significant however the cost of unmanaged and unpredictable climate change based on business as usual would be much higher as climate events are projected to affect about 20 percent of global GDP by 2040 Under the Net Zero plans almost 30 trillion dollars will have to be invested by 2050 This corresponds to roughly 4 percent of annual GDP in 2021 money G20 Summit The Group of 20 G20 Presidents of most industrialized countries will meet in Bali Indonesia after the Climate Summit of Egypt These countries combined represent approximately 90 of global GDP 80 of global trade and 74 of global carbon emission The theme of this year G20 is ‘Recover Together Recover Stronger’ And one of the key pillars on the summit is sustainable energy transition This has become a top priority for all G20 countries given the recent energy shock caused by Russia s invasion of Ukraine This has resulted in higher inflation and economic decline affecting particularly the most financially fragile countries in the developing world Unlike 2021 this year G20 takes place after the Climate Summit and can benefit from the outcomes of the Egyptian meetings Last year G20 was the first one held in person since Covid 19 and was hosted by former Italy Prime Minister Mario Draghi before the Climate Summit COP26 in the UK Several key G20 countries namely Brazil China Japan Mexico Russia Saudi Arabia and South Africa did not attend the Italian meeting in person China is the largest carbon emitter Saudi Arabia and Russia respectively are the second and third largest oil producers in the world Their absence in Rome sent a negative message in terms of their commitment to help manage the climate crisis and decarbonize the global economy For the most part the 2021 G20 summit did little to move the needle on the most pressing climate challenges This year though the situation is far worse as the world risks entering a prolonged recession and G20 will be under the radar to deliver on a sustainable recovery which is based on resiliency greater health coordination and sustainable energy Bottom line the Egyptian leadership will push hard to operationalize the Paris Climate Agreements and seek to become a catalyzer of the MENA Middle East and North Africa region transformation toward green growth and green investments There is also a big branding opportunity for Egypt potentially attracting billions of dollars to the country to transform its energy base and economy The Indonesian leader on the other hand will work hard to ensure that the G20 summit serves as a platform to coordinate global economic recovery and not peace talks between countries at war addressing the supply chain choke points and promoting health resiliency which underpins the global economic recovery Time has come to make these global summits actionable for the wellbeing of everyone

Shares of Pioneer Natural Resources Inc NYSEPXD rose by 096 in the past three months Before having a look at the importance of debt let s look at how much debt Pioneer Natural Resources has Pioneer Natural Resources Debt Based on Pioneer Natural Resources s financial statement as of October 28 2022 long term debt is at 423 billion and current debt is at 101 billion amounting to 524 billion in total debt Adjusted for 132 billion in cash equivalents the company s net debt is at 392 billion Let s define some of the terms we used in the paragraph above Current debt is the portion of a company s debt which is due within 1 year while long term debt is the portion due in more than 1 year Cash equivalents includes cash and any liquid securities with maturity periods of 90 days or less Total debt equals current debt plus long term debt minus cash equivalents To understand the degree of financial leverage a company has shareholders look at the debt ratio Considering Pioneer Natural Resources s 3575 billion in total assets the debt ratio is at 015 As a rule of thumb a debt ratio more than 1 indicates that a considerable portion of debt is funded by assets A higher debt ratio can also imply that the company might be putting itself at risk for default if interest rates were to increase However debt ratios vary widely across different industries A debt ratio of 25 might be higher for one industry but average for another Why Debt Is Important Besides equity debt is an important factor in the capital structure of a company and contributes to its growth Due to its lower financing cost compared to equity it becomes an attractive option for executives trying to raise capital However interest payment obligations can have an adverse impact on the cash flow of the company Equity owners can keep excess profit generated from the debt capital when companies use the debt capital for its business operations Looking for stocks with low debt to equity ratios Check out Benzinga Pro a market research platform which provides investors with near instantaneous access to dozens of stock metrics including debt to equity ratio Click here to learn more This article was generated by Benzinga s automated content engine and reviewed by an editor

Compensation costs for workers in the first quarter likely accelerated to a 11 gain from a 1 increase in the October December quarter according to economists polled by The Wall Street Journal The quarterly report on employee compensation considered the best and broadest measure of wages will be released by the Labor Department at 830 am Eastern Last December Fed Chairman Jerome Powell said the third quarter compensation data was a key factor in his hawkish pivot The first quarter data “are unlikely to bring any relief to a group already fretting that the labor market is “too tight” said Richard Moody chief economist at Regions Financial Corp When the labor market is tight wages rise and companies try to pass along the higher costs to consumers Over the past year they have been successful raising the consumer price inflation index to an 85 annual rate the highest in 40 years

Someone with a lot of money to spend has taken a bearish stance on Halliburton NYSEHAL And retail traders should know We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga Whether this is an institution or just a wealthy individual we don t know But when something this big happens with HAL it often means somebody knows something is about to happen So how do we know what this whale just did Today Benzinga s options scanner spotted 14 uncommon options trades for Halliburton This isn t normal The overall sentiment of these big money traders is split between 35 bullish and 64 bearish Out of all of the special options we uncovered 12 are puts for a total amount of 485634 and 2 are calls for a total amount of 67164 What s The Price Target Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 290 to 360 for Halliburton over the last 3 months Volume Open Interest Development Looking at the volume and open interest is an insightful way to conduct due diligence on a stock This data can help you track the liquidity and interest for Halliburton s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Halliburton s whale activity within a strike price range from 290 to 360 in the last 30 days Halliburton Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted Symbol PUTCALL Trade Type Sentiment Exp Date Strike Price Total Trade Price Open Interest Volume HAL PUT TRADE BULLISH 011924 3300 768K 853 142 HAL PUT TRADE BULLISH 011924 3200 688K 40K 156 HAL PUT SWEEP BEARISH 061623 3400 389K 11K 396 HAL PUT SWEEP BULLISH 061623 3400 388K 11K 264 HAL PUT SWEEP BEARISH 061623 3400 373K 11K 517 Where Is Halliburton Standing Right Now With a volume of 5240095 the price of HAL is down 054 at 3016 RSI indicators hint that the underlying stock is currently neutral between overbought and oversold Next earnings are expected to be released in 53 days Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Halliburton Benzinga Pro gives you real time options trades alerts