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Oct 13 Reuters British recruitment agency Hays Plc HAYSL said on Thursday client and candidate activity had slowed in some markets because of macroeconomic uncertainties after posting a rise in first quarter net fees The London based company which is largely focused on hiring for white collar roles said net fees grew at a slower pace of 19 in the quarter ended Sept 30 compared with a 36 rise a year earlier Reporting by Amna Karimi in Bengaluru Editing by Subhranshu Sahu

Although US crude oil prices traded lower on Wednesday 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 Earthstone Energy The Trade Earthstone Energy Inc NYSEESTE 10 owner Cypress Investments LLC acquired a total of 1000000 shares an average price of 1475 To acquire these shares it cost around 1475 million What’s Happening Earthstone Energy during August reported better than expected Q2 EPS and sales results What Earthstone Energy Does Earthstone Energy Inc is an independent oil and natural gas development and production company Rocket Pharmaceuticals The Trade Rocket Pharmaceuticals Inc NASDAQRCKT Director Roderick Wong acquired a total of 1355932 shares at an average price of 1475 To acquire these shares it cost around 20 million What’s Happening Rocket Pharmaceuticals recently priced an underwritten public offering of 6800000 shares of its common stock at a public offering price of 1475 per share What Rocket Pharmaceuticals Does Rocket Pharmaceuticals Inc is a clinical stage biopharmaceutical company It is focused on the development of gene therapies for rare and devastating pediatric diseases Don’t forget to check out our premarket coverage here Also check this Dow Gains Over 50 Points US Producer Prices Rise 04 In September AngioDynamics The Trade AngioDynamics Inc NASDAQANGO President and CEO James Clemmer bought a total of 10000 shares at an average price of 1500 To acquire these shares it cost around 150 thousand What’s Happening AngioDynamics recently reported a Q1 FY23 adjusted EPS loss of 006 missing the consensus EPS of 002 and lower than 002 a year ago What AngioDynamics Does AngioDynamics Inc designs manufactures and sells medical surgical and diagnostic devices used by professional healthcare providers for the treatment of peripheral vascular disease and for use in oncology and surgical settings

Tullow Oil has declared its intentions to expand investment in Gabon after the company s Africa Regional Director Jean Medard Madama held talks Wednesday with the country s Minister of Hydrocarbons Vincent De Paul Massassa We have been exploring in Gabon in the past and we continue to look with interest at the Gabonese oil basin reason why recent studies have prompted us to identify more areas of interest for which we want with the assistance of the ministry in charge of the oil field to see what are the conditions for being able to have access to these blocks and therefore return to Gabon as an oil producer Mr Madama said Tullow Oil entered into a merger with Capricorn Energy in June and has already been in Gabon with other energy companies The London listed energy company said in February last year that it would be ceding its 10 stake in Gabon s Dussafu production sharing permit located in the southeast province Nyanga to Panoro Energy

For the last several years the number of homes available for sale in Charlotte NC plunged making life miserable for home buyers and fueling the upward rise of housing prices in one of the nation’s fastest growing cities But as mortgage rates surged this spring home inventory in Charlotte reversed course dramatically In Mecklenburg County where Charlotte is located total home listings almost tripled to 4676 in June 2022 from 1700 in March 2022 data analyzed by MarketWatch show

Within the last quarter Independence Realty Trust IRT has observed the following analyst ratings According to 4 analyst offering 12 month price targets in the last 3 months Independence Realty Trust has an average price target of 2825 with a high of 3200 and a low of 2500 Below is a summary of how these 4 analysts rated Independence Realty Trust over the past 3 months The greater the number of bullish ratings the more positive analysts are on the stock and the greater the number of bearish ratings the more negative analysts are on the stock This current average has increased by 089 from the previous average price target of 2800 Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors Analysts may attend company conference calls and meetings research company financial statements and communicate with insiders to publish analyst ratings for stocks Analysts typically rate each stock once per quarter Some analysts will also offer forecasts for metrics like growth estimates earnings and revenue to provide further guidance on stocks Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error This article was generated by Benzinga s automated content engine and reviewed by an editor

Shares of Bank of New York Mellon fell 82 on Monday ahead of the company s quarterly earnings report on Tuesday The stock is on pace for its worst day since February 2022 and is one of the worst performing components in the SP 500 The move comes after State Street another large custody bank reported earnings on Monday that fell short of Wall Street expectations State Street shares were recently down roughly 12

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 Scott Hanold Analyst Firm RBC CapitalRatings Accuracy 90Latest Rating Maintained an Outperform rating on Chesapeake Energy Corporation NYSECHK and raised the price target from 120 to 130 Analyst William Janela Analyst Firm Credit SuisseRatings Accuracy 89Latest Rating Maintained an Outperform rating for EOG Resources Inc NYSEEOG and boosted the price target from 150 to 160 Analyst Catherine Schulte Analyst Firm BairdRatings Accuracy 87Latest Rating Reiterated an Outperform rating for Castle Biosciences Inc NASDAQCSTL but cut the price target from 48 to 41 Analyst Sean Eastman Analyst Firm KeybancRatings Accuracy 86Latest Rating Maintained an Overweight rating on EMCOR Group Inc NYSEEME and raised the price target from 135 to 160 Analyst Zachary Fadem Analyst Firm Wells FargoRatings Accuracy 86Latest Rating Maintained an Equal Weight rating for Carvana Co NYSECVNA but reduced the price target from 30 to 25

A Taiwan dollar note is seen in this illustration photo May 31 2017 REUTERSThomas WhiteIllustration TAIPEI June 10 Reuters The United States understands Taiwan s exchange rate policy stance and the two sides have good communication a Taiwanese central bank official said on Friday after the US Treasury put Taiwan on its monitoring list The US Treasury said Taiwan continued to exceed some thresholds for possible currency manipulation and moved the island to its monitoring list of partners that merit close attention to currency practices and macroeconomic policies The central bank official speaking on condition of anonymity told Reuters that over the past year or so Taiwan and the United States had been talking via teleconference We have good communication the official said The US side understands our policy stance on the Taiwan dollar exchange rate The Taiwan dollar is down more than 6 against the US unit this year tracking broader weakness in the currencies of other Asian economies which rely on exports like South Korea The central bank said in March that last year it bought a net 912 billion to intervene in the foreign exchange market down from a net 391 billion for all of 2020 and equating to 12 of GDP not exceeding the US Treasury s threshold of 2 to be named a manipulator But Taiwan s trade surplus with the United States hit 402 billion in 2021 a historic high and up almost 30 compared with 2020 Taiwan s current account surplus last year was 148 of GDP Both exceed the US Treasury s criteria for possible currency manipulation Taiwan and the United States will continue to discuss currency issues the central bank official added Taiwan s exports have been boosted by its key role as a semiconductor producer with Taiwanese companies order books kept full by a global chip shortage that has particularly affected the auto industry Taiwan was last formally labelled a currency manipulator by the United States in December 1992 Reporting by Liang sa Loh Writing by Ben Blanchard Editing by Angus MacSwan and Emelia Sithole Matarise

Someone with a lot of money to spend has taken a bearish stance on Barrick Gold NYSEGOLD 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 GOLD 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 11 uncommon options trades for Barrick Gold This isn t normal The overall sentiment of these big money traders is split between 45 bullish and 54 bearish Out of all of the special options we uncovered 2 are puts for a total amount of 395620 and 9 are calls for a total amount of 440112 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 100 to 240 for Barrick Gold 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 Barrick Gold 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 Barrick Gold s whale activity within a strike price range from 100 to 240 in the last 30 days Barrick Gold 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 GOLD PUT SWEEP BULLISH 011725 1700 2796K 59K 20 GOLD CALL SWEEP BEARISH 051923 1800 1380K 70K 14K GOLD PUT TRADE BEARISH 051923 1800 1160K 33K 47K GOLD CALL SWEEP BULLISH 011725 1000 668K 51K 20 GOLD CALL TRADE BEARISH 091523 2400 400K 42K 10K Where Is Barrick Gold Standing Right Now With a volume of 8742699 the price of GOLD is down 148 at 1891 RSI indicators hint that the underlying stock may be approaching overbought Next earnings are expected to be released in 12 days What The Experts Say On Barrick Gold Goldman Sachs has decided to maintain their Neutral rating on Barrick Gold which currently sits at a price target of 22 Barclays has decided to maintain their Overweight rating on Barrick Gold which currently sits at a price target of 28 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 Barrick Gold Benzinga Pro gives you real time options trades alerts

Tesla hosted its second AI Day late on Friday with the company giving an update on its Optimus robot and progress around full self driving or FSD and the Dojo supercomputer See Musk unveils Tesla robot that walks and waves Optimus’s more complex capacities remain under wraps Tesla Inc shares TSLA fell 5 before market open on Monday following the company’s Sunday announcement that it produced over 365000 vehicles and delivered over 343000 in its just completed third quarter While the number of vehicles delivered marked a record for Tesla it was shy of Wall Street estimates Analysts were looking for about 371000 deliveries according to FactSet data “Historically our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars” Tesla said in a statement “As our production volumes continue to grow it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks” The company’s stock ended Friday’s session down 11 compared with the SP 500 Index’s SPX decline of 15 Tesla shares have declined 247 this year while the SP 500 Index has fallen 248 Baird Equity Research was looking for third quarter deliveries of 385000 vehicles but analyst Ben Kallo says that Tesla is well positioned for the fourth quarter “Despite Q3 weakness the setup for Q4 is strong” he wrote in a note released on Sunday The analyst pointed to reports estimating fourth quarter production targets of 495000 vehicles helped by the ramp up of Tesla factories in Berlin and Austin as well as its Shanghai facility returning to full production See Tesla reports record deliveries but numbers are still shy of analysts’ targets While Tesla’s deliveries missed consensus they were closely in line with JPMorgan’s model according to analyst Ryan Brinkman “We continue to see the potential for a positive surprise on price vs cost resulting from vehicle price increases instituted in the aftermath of the Russian invasion of Ukraine which were meant to offset then surging battery metals inflation” he wrote JPMorgan maintained its underweight rating for Tesla but set a December 2023 price target of 153 up from 137 “We remain wary on valuation” Brinkman wrote and foresee downside of as much as 42 to the Tesla share price target with multiple compression one risk as competition rises and the distinction narrows between Tesla and traditional automobile manufacturers The analyst felt the AI Day event was short on positive catalysts Tesla showed off a prototype of its Optimus humanoid robot that walked onto the stage at the event in Palo Alto Calif before turning and waving to the audience A next generation version of Optimus had to be carried onto the stage “The first working versions of its humanoid Optimus robot struck us as only similar in capability as that achieved by Honda many years ago with its ‘ASIMO’ robot and far less capable than those shown more recently by Boston Dynamics incidentally now majority owned by Hyundai” wrote Brinkman Opinion Big selling wave in stocks makes for a buying opportunity says Baron manager who has 20 of his fund’s assets in Tesla Truist Securities Analyst William Stein was more positive on the Tesla event citing “significant advances” in the company’s three major AI projects The analyst noted that at last year’s AI Day Optimus was represented by a person on stage wearing a robot costume “This year’s Optimus was a real robot think Asimo” he added “While the live demo only showed the robot walking waving and dancing a recorded demo showed the robot performing mundane tasks like lifting boxes and watering plants” Tesla CEO Elon Musk Stein noted anticipated selling Optimus to consumers within three to five years The company also showed impressive advancements in hardware infrastructure training datasets and the types of models used to build up FSD features according to Stein “From a commercial perspective TSLA noted that in the last year the number of users has grown from only 2000 to 160000” he wrote “Further the company plans to deliver a significant upgrade to FSD in about one month’s time and it believes FSD could be delivered worldwide by the end of this year though regulatory hurdles would prevent this” Stein also pointed to significant enhancements in the D1 chip for Dojo the supercomputer’s training “tile” and the “accelerator” technology designed to make Dojo scalable Truist which has a buy rating on Tesla’s stock raised its share price target to 348 from 333 Baird’s Kallo is also positive on the prospects for Dojo and FSD “Dojo is intended to be used for improving the computing efficiency of analyzing video training from TSLA’s auto fleet improving its FSD offering” he wrote “We believe this computing platform is a key differentiator for TSLA that could significantly improve its already industry leading FSD” See SF Bay Ferry dunks on Elon Musk’s floating Cybertruck ‘Hurry come ride before the Blade Runner Barge Armada puts us out of operation’ The analyst also noted that the one of the main goals of Tesla’s AI Day is to attract talent to the company “This is a critical piece of advancing its initiatives as the shortage of laborers in the market continues specifically for highly trained engineers” he wrote “One of TSLA’s biggest advantages is its ability to recruit top tier talent in a highly competitive market” Of 42 analysts surveyed by FactSet 27 have an overweight or buy rating on Tesla shares with 11 rating the stock hold and four rating the stock underweight or sell

The Dow Jones closed lower on Thursday after recording gains for 13 straight sessions in a row When insiders purchase or sell shares it indicates their confidence or concern around the company s prospects Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision Below is a look at a few recent notable insider transactions for penny stocks For more check out Benzinga s insider transactions platform Mobivity Holdings The Trade Mobivity Holdings Corp OTCMFON Director Thomas B Akin acquired a total of 1485648 shares an average price of 121 To acquire these shares it cost around 179 million What’s Happening Mobivity announced the departure of CEO Dennis Becker What Mobivity Holdings Does Mobivity Holdings Corp develops and operates proprietary platforms over which enterprises conduct data driven mobile marketing campaigns RENN Fund The Trade RENN Fund Inc NYSERCG President and CEO Murray Stahl acquired a total of 419 shares at an average price of 185 The insider spent around 775 What’s Happening RENN Fund shares declined around 4 over the past six months What RENN Fund Does RENN Fund Inc is active in the financial services domain It is a closed end management investment company formed with the objective of providing long term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges iCoreConnect The Trade iCoreConnect Inc OTCICCT CEO and President Robert P McDermott acquired a total of 5156944 shares at an average price of 010 To acquire these shares it cost around 81545 What’s Happening The company recently announced its first quarter 2023 results What iCoreConnect Does iCoreConnect Inc develops and markets secure cloud based HIPAA compliant software services focused on compliance workflowproductivity and electronic health records systems Check This Out Top 5 Materials Stocks That Could Sink Your Portfolio For July Don’t forget to check out our premarket coverage here

Investors are trying to read the tea leaves in a choppy US stock market to gauge whether its recent run higher can continue after Federal Reserve Chair Jerome Powell unleashed bullish sentiment at the end of November by indicating its aggressive interest rate hikes could slow “The leadership of the stock market is telling you that the economy isn’t going to collapse under the weight of the Fed in the near term” said Andrew Slimmon a senior portfolio manager for equities at Morgan Stanley Investment Management in a phone interview “I think you’re going to get a strong market into year end” Slimmon pointed to the outperformance of cyclical sectors of the market including financials industrials and materials over the past couple months saying that those sectors “would be rolling over dying” if the economy and corporate earnings were on the verge of collapse The US added a robust 263000 new jobs in November exceeding the forecast of 200000 from economists polled by The Wall Street Journal The unemployment rate was unchanged at 37 the US Bureau of Labor Statistics reported Friday That’s near a half century low Meanwhile hourly pay rose 06 last month to an average of 3282 the report shows The “resilience” of the labor market and “resurgence in wage pressures” won’t keep the Fed from slowing its pace of rate hikes this month Capital Economics said in an emailed note Friday Capital Economics said it’s still expecting the central bank to reduce the size of its next interest rate hike in December to 50 basis points after a string of 75 basis point increases “In the bigger picture a strong job market is good for the economy and only bad because of the Fed’s mission to stifle inflation” said Louis Navellier chief investment officer at Navellier in a note Friday The Fed has been lifting its benchmark interest rate in an effort to tame high inflation that showed signs of easing in October based on consumer price index data This coming week investors will get a reading on wholesale inflation for November as measured by the producer price index The PPI data will be released Dec 9 “That will be an important number” said Slimmon The producer price index is much more driven by supply issues than consumer demand according to Jeffrey Kleintop Charles Schwab’s chief global investment strategist “I think the PPI pressures have peaked out based on the decline we’ve seen in supply chain problems” Kleintop said in a phone interview He said that he’s expecting that the upcoming PPI print may reinforce the overall message of central banks stepping down the pace of rate hikes This coming week investors will also be keeping a close watch on initial jobless claims data due out Dec 8 as a leading indicator of the health of the labor market “We are not out of the woods” cautioned Morgan Stanley’s Slimmon Although he’s optimistic about the stock market in the near term partly because “there’s a lot of money on the sidelines” that could help fuel a rally he pointed to the Treasury market’s inverted yield curve as reason for concern Inversions when shorter term Treasury yields rise above longer term rates historically have preceded a recession “Yield curves are excellent predictors of economic slowdowns but they’re not very good predictors of when it will happen” Slimmon said His “suspicion” is that a recession could come after the first part of 2023 Meanwhile the SP 500 index closed slightly lower Friday at 407170 but still booked a weekly gain of 11 after surging Nov 30 on Powell’s remarks at the Brookings Institution indicating that the Fed may downshift the size of its rate hikes at its Dec 13 14 policy meeting “The bears disparaged” the Powell induced rally saying his speech was “hawkish and didn’t justify the market’s bullish spin” Yardeni Research said in a note emailed Dec 1 But “we believe that the bulls correctly perceive that inflation peaked this summer and were relieved to hear Powell say that the Fed might be willing to let inflation subside without pushing the economy into a recession” While this year’s inflation crisis has led investors to focus “solely on danger not opportunity” Powell was signaling that it’s time to look at the latter according to Tom Lee head of research at Fundstrat Global Advisors in a note Friday morning Lee already had been bullish ahead of Powell’s Brookings speech detailing in a Nov 28 note 11 headwinds of 2022 that have ‘flipped’ See Stock market could see ‘fireworks’ through the end of the year as headwinds have ‘flipped’ Fundstrat’s Tom Lee says The SP 500 has clawed its way back above its 200 day moving average which Lee highlighted in his note Friday ahead of the stock market’s open He pointed to the index’s second straight day of closing above that moving average as a “massive technical recovery” writing that “in the ‘crisis’ of 2022 this has not happened see below so this is a break in pattern” On Friday the SP 500 SPX again closed above its 200 day moving average which then stood at 4046 according to FactSet data Navellier said in a note Friday that the 200 day moving average was “important” to watch that day as whether the US stock market benchmark finished above or below it could “lead to further momentum in either direction” But Charles Schwab’s Kleintop says he might “put a little less weight on the technicals” in a market that’s currently more macro driven “When a simple word from Powell could push” the SP 500 above or below the 200 day moving average he said “this is maybe not as much driven by supply or demand of equity by individual investors” Kleintop said he’s eyeing a risk to the equity market next week a price cap on Russian oil that could take effect as soon as Monday He worries about how Russia may respond to such a cap If the country moves to withhold oil from the global market he said that could cause “oil prices CL1 to shoot back up again” and add to inflationary pressures Read G 7 and Australia join EU in setting 60 per barrel price cap on Russian oil Navellier who said a “soft landing is still possible” if inflation falls faster than expected also expressed concern over energy prices in his note “One thing that may re ignite inflation would be a spike in energy prices which is best hedged by overexposure to energy stocks” he wrote “Volatility is likely to remain high” according to Navellier who pointed to “the Fed’s resolve to keep tapping the brakes” US stocks have taken some big swings lately with the SP 500 climbing more than 5 last month after jumping 8 in October and sliding more than 9 in September FactSet data show Major benchmarks ended mixed Friday but the SP 500 Dow Jones Industrial Average DJIA and technology heavy Nasdaq Composite COMP each rose for a second straight week “Keep the bias to quality earners” said Navellier “taking advantage to add on pullbacks”

The price of the Queen Elizabeth Inu token on the Binance Smart Chain based blockchain increased by an astounding 47655 in the last day pushing the price to 00001335 at the time of writing That s according to Dex Screener a platform that tracks trading history and price charts The Inu token was just one of more than 40 new Queen themed meme tokens and non fungible tokens NFTs that cropped up in the crypto market less than a day after Queen Elizabeth II s passing Crypto grifters have seized the opportunity to launch over 40 Queen themed meme coins on Ethereum and Binance’s BNB Chain just hours after she passed pictwittercom2HbDEkBm5h— Zazoo Me� ZazooMe September 9 2022 They were introduced on a number of decentralized exchanges including the Binance Smart Chain and Ethereum See Also UK Bank Notes With Queen Elizabeth s Image Will They Remain Legal Tender Coins bearing the names King Charles Inu Save the Queen London Bridge is Down RIP Queen Elizabeth and Save the Queen also appeared In addition the trading volume of the Elizabeth token another meme coin increased reaching 33 million in the previous day and a total market value of 66 million The meme coin essentially a spoof of the cryptocurrency market is currently trading at 0000005253 The amount of liquidity behind these meme currencies serves as another evidence of the lack of seriousness that is behind these types of schemes The Elizabeth token has a liquidity of 204000 compared to the 17000 of the Queen Elizabeth Inu These Queen Elizabeth II tokens have characteristics with several of the notorious pump and dump schemes like last year s Squid Games token raising the possibility that they are frauds One such NFT project is the RIP The Queen Official which has about 520 NFTs and has artwork that represents Queen Elizabeth II Despite being offered on the OpenSea NFT marketplace few customers have chosen to purchase the digital artwork since it has only been able to earn 006 ETH or 101 at the moment The collection suggests that the maker of the NFTs waited for the ideal occasion to launch these Queen Elizabeth II NFTs In addition to this a number of artists have posted their interpretations of the queen s image on Twitter See Also Queen Elizabeth II s Funeral When And How To Watch The Proceedings Queen Elizabeth II who ruled for 70 years and was the longest reigning monarch in British history passed away on Thursday Sept 8 at the age of 96 She died at Balmoral her Scottish estate where she had spent much of the summer due to ill health

Sabre Insurance Group PLC said Thursday that it has reiterated the guidance for the full year as the company focuses on margin over volumes to cover elevated levels of inflation The FTSE 250 listed motor insurance provider said that it anticipates a combined operating ratio percentage in the mid 90s this year and that it expects a significant improvement in 2023 Sabre s gross written premiums for the nine month period ended Sept 30 were of 1357 million pounds 1507 million up from GBP1267 million a year earlier The company said it is fully covering high levels of claims inflation through price increases The resilience of our motor performance and future profit streams from motorcycle and taxi mean that despite the ongoing macro and geopolitical uncertainties we are looking forward with confidence as our specialist offering and discipline over the recent challenging periods pays dividends the company said

Made Tech Group PLC said Friday that revenue for fiscal 2022 more than doubled as the group benefited from a robust pipeline and record sales bookings The digital data and technology services provider said revenue for the year ended May 31 came in at 293 million pounds 35 million from GBP133 million in fiscal 2021 The company said its gross profit margin was flat at 38 Adjusted earnings before interest taxes depreciation and amortization which strips out exceptional and other one off items swung to GBP26 million from a loss of GBP500000 a year earlier Fiscal 2023 has started strongly it said Our robust pipeline and record sales bookings underpin the board s confidence in the prospects for the business for the current financial year and beyond Made Tech said

Gainers SAITECH Global Corporation NASDAQSAI rose 42 to 321 in pre market trading after dipping 26 on Thursday SAITECH recently announced the launch of new liquid cooling Bitcoin mining infrastructure products SHF Holdings Inc NASDAQSHFS shares rose 362 to 1190 in pre market trading after declining 15 on Thursday Northern Lights Acquisition completed business combination of SHF Safe Harbor Financial which offers compliance services to financial institutions that serve the regulated cannabis industry Arrival NASDAQARVL rose 34 to 106 in pre market trading Arrival said it has produced the first production verification vehicle from its Bicester Microfactory WISeKey International Holding AG NASDAQWKEY rose 16 to 174 in pre market trading Iveda Solutions Inc NASDAQIVDA rose 147 to 070 in pre market trading after declining over 6 on Thursday Iveda Solutions last month announced a 5 million private placement Companhia Energética de Minas Gerais NYSECIG rose 106 to 218 in pre market trading after dropping around 3 on Thursday First Wave BioPharma Inc NASDAQFWBI rose 103 to 160 in pre market trading Amylyx Pharmaceuticals Inc NASDAQAMLX rose 85 to 3275 in pre market trading after the company received FDA approval of Relyvrio for amyotrophic lateral sclerosis GigaCloud Technology Inc NASDAQGCT rose 73 to 1230 in pre market trading IonQ Inc NYSEIONQ rose 7 to 511 in pre market trading after declining around 6 on Thursday AST SpaceMobile Inc NASDAQASTS rose 66 to 756 in pre market trading after declining over 4 on Thursday Micron Technology Inc NASDAQMU rose 36 to 5183in pre market tradingMicronposted upbeat earnings for itsfourth quarter while sales missed estimates The company also issuedQ1revenueguidancebelow estimates Don’t forget to check out our premarket coverage here Losers American Virtual Cloud Technologies Inc NASDAQAVCT fell 336 to 01980 in pre market trading AVCT announced intent to effect reverse stock split Rent A Center Inc NASDAQRCII fell 205 to 1775 in pre market trading as the company lowered its earnings guidance for the third quarter and named Mr Fahmi Karam as new Executive Vice President Chief Financial Officer Tuesday Morning Corporation NASDAQTUEM shares fell 169 to 011 in pre market trading after dropping around 7 on Thursday Tuesday Morning recently posted a Q4 loss of 033 per share Green Giant Inc NASDAQGGE fell 152 to 095 in pre market trading after dropping around 14 on Thursday NIKE Inc NYSENKE fell 93 to 8645 in pre market trading NIKE reported better than expected earnings and sales results for its first quarter on Thursday However the company reported a rise in quarter ended inventories and revenue in the Greater China region also declined from a year ago Silo Pharma Inc NASDAQSILO fell 92 to 470 in pre market trading following the company s recent uplisting to Nasdaq Atlis Motor Vehicles Inc NASDAQAMV fell 92 to 3080 in pre market trading after dipping around 55 on Thursday The company recently posted a loss of 206 per share for the quarter ending June 30 2022 Alpine Summit Energy Partners Inc NASDAQALPS shares fell 63 to 496 in pre market trading bioAffinity Technologies Inc NASDAQBIAF shares fell 6 to 282 in pre market trading BioAffinity Technologies recently announced it received an additional 77 million from the exercise of warrants Golden Sun Education Group Limited NASDAQGSUN fell 55 to 3061 in pre market trading after surging around 14 on Thursday

KYIV Jan 5 Reuters Ukrainian inflation currently at a four year high of 103 will slow this year but likely remain above the central bank s 5 target due to high food and gas prices a Reuters poll of analysts showed on Wednesday The National Bank of Ukraine NBU raised interest rates five times in 2021 to 90 after it cut rates to an historic low in 2020 to support an economy reeling from the COVID 19 pandemic The NBU is also weighing the risks of a major military confrontation with Russia A build up of Russian troops and military hardware near Ukraine s borders has alarmed Kyiv and its Western allies Analysts from Ukrainian banks and brokerages see 2022 inflation at 67 compared to an estimated 102 in 2021 the Reuters poll showed Inflation remains above the central bank s target due to a combination of supply and demand side factors said Vitaliy Vavryshchuk from the ICU brokerage adding that food prices remained the key driver Prices for grains and oilseeds are 20 30 above last year s levels which also feeds into prices of meat and dairy products said Vavryshchuk Data from the State Statistics Service showed food prices grew 139 in November year on year Bread was 181 more expensive while meat and milk prices jumped 13 and 101 respectively We see two main risks to price stability high energy prices especially gas and the continuation of the tense situation on the border with Russia said Konstantin Fastovets from Adamant Capital It will be very difficult for the central bank to deal with both factors he added Gas prices doubled in Ukraine in April September compared to the same period of 2020 The government capped tariffs for households during the winter heating season that runs until April But analysts expect the caps to be lifted in line with the government s reform commitments to the International Monetary Fund under a 5 billion deal The analysts also forecast that Ukraine s economy would expand by 33 in 2022 after expected growth of 30 in 2021 and that the Ukrainian currency would weaken to 281 hryvnia per 1 in a 12 month period from the current level of 273

A whale with a lot of money to spend has taken a noticeably bearish stance on NIOLooking at options history for NIO NYSENIO we detected 10 strange tradesIf we consider the specifics of each trade it is accurate to state that 30 of the investors opened trades with bullish expectations and 70 with bearishFrom the overall spotted trades 4 are puts for a total amount of 303905 and 6 calls for a total amount of 383439What 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 165 to 350 for NIO over the last 3 months Volume Open Interest DevelopmentLooking at the volume and open interest is an insightful way to conduct due diligence on a stockThis data can help you track the liquidity and interest for NIO s options for a given strike priceBelow we can observe the evolution of the volume and open interest of calls and puts respectively for all of NIO s whale activity within a strike price range from 165 to 350 in the last 30 days NIO Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted SymbolPUTCALLTrade TypeSentimentExp DateStrike PriceTotal Trade PriceOpen InterestVolume NIOPUTSWEEPNEUTRAL01192435001726K37K164 NIOCALLSWEEPBEARISH09162216501674K12K416 NIOCALLTRADEBULLISH1118222250645K58K11K NIOCALLSWEEPBEARISH1021222250552K86K12K NIOPUTSWEEPBULLISH0923222000520K33926K Where Is NIO Standing Right Now With a volume of 28680821 the price of NIO is up 924 at 2093 RSI indicators hint that the underlying stock may be approaching overboughtNext earnings are expected to be released in 57 days What The Experts Say On NIO Mizuho has decided to maintain their Buy rating on NIO which currently sits at a price target of 42 Citigroup has decided to maintain their Buy rating on NIO which currently sits at a price target of 31 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 NIO Benzinga Pro gives you real time options trades alerts

Saudi woman walks at the Saudi stock market Tadawul in Riyadh Saudi Arabia March 9 2020 REUTERSAhmed YosriFile Photo Aug 17 Reuters Major stock markets in the Gulf rose in early trade on Wednesday tracking oil prices higher with the Abu Dhabi index edging closer to recent record highs Oil prices a key catalyst for the Gulf s financial shares rose over 1 rebounding from six month lows hit the previous day as an unexpectedly large drop in US oil and gasoline stocks reminded investors that demand remains firm even if at times overshadowed by the prospect of a global recession Saudi Arabia s benchmark index TASI edged 02 higher with Retal Urban Development Co 4322SE rising 1 and Al Rajhi Bank 1120SE gaining 05 Elsewhere Saudi Enaya Cooperative Insurance 8311SE jumped more than 3 after the insurer swung to quarterly profit of 28 million riyals 745851 compared to a loss of 86 million riyals year ago Dubai s main share index DFMGI gained 04 bolstered by a 15 rise in blue chip developer Emaar Properties EMARDU ahead of its board meeting on Thursday to discuss the sale of its e commerce fashion business Last week Emaar announced it would buy out Dubai Holding from their joint Dubai Creek Harbour development in a 2 billion deal equally financed by cash and Emaar Properties shares The operator of Dubai International said on Wednesday over 14 million passengers had travelled through the airport in the second quarter and raised its forecast for the year to 624 million passengers read more Dubai International has recovered 675 of pre pandemic passenger traffic comparing the first six months of this year to the same period in 2019 Dubai Airports said In Abu Dhabi the index FTFADGI added 04 edging closer to recent record highs with conglomerate International Holding Co IHC IHCAD rising 08 Shares of IHC the most valuable company on the Abu Dhabi bourse with a market capitalisation of around 167 billion have risen over 120 so far this year IHC which straddles sectors from healthcare to real estate to IT and utilities made 70 acquisitions worth 10 billion dirhams 272 billion this year Reporting by Ateeq Shariff in Bengaluru Editing by Tomasz Janowski

US stocks traded higher this morning with the Dow Jones gaining around 300 points on Tuesday Following the market opening Tuesday the Dow traded up 103 to 2956311 while the NASDAQ rose 167 to 1098320 The SP 500 also rose gaining 119 to 369848 Also check this Market Volatility Increases Amid Another Drop On Wall Street Leading and Lagging Sectors Energy shares rose by 28 on Tuesday In trading on Tuesday utilities shares rose by just 01 Top Headline US durable goods orders fell 02 month over month in August Equities Trading UP Avenue Therapeutics Inc NASDAQATXI shares shot up 189 to 1019 Avenue Therapeutics recently received the official meeting minutes from the FDA regarding a meeting conducted for IV Tramadol in combination with other opioid analgesics to manage moderate to moderately severe pain Concurrently Avenue Therapeutics announced that it would effect a 1 for 15 reverse stock split Shares of InMed Pharmaceuticals Inc NASDAQINM got a boost shooting 45 to 741 InMed recently reported a FY22 net loss of 3317 per share Grove Collaborative Holdings Inc NYSEGROV shares were also up gaining 39 to 410 Grove Collaborative continued retail expansion with entry into thousands of more stores Equities Trading DOWN Avidity Biosciences Inc NASDAQRNA shares tumbled 16 to 1573 The FDA has placed a partial clinical hold on new participant enrollment in Avidity Biosciences’ Phase 12 MARINA trial of AOC 1001 in adults with myotonic dystrophy type 1 DM1 Shares of Evaxion Biotech AS NASDAQEVAX were down 13 to 239 Evaxion Biotech recently announced it reached an important milestone announcing today that it had enrolled its first patient in the global phase 2b clinical trial of EVX 01 Polar Power Inc NASDAQPOLA was down falling 12 to 278 after gaining around 25 on Monday Also check out Investor Fear Increases Further As Dow Enters Bear Market Commodities In commodity news oil traded up 26 to 7872 while gold traded up 07 at 164470 Silver traded up 14 to 1873 on Tuesday while copper rose 09 to 33235 Euro zone European shares were mostly higher today The eurozone’s STOXX 600 gained 07 London’s FTSE 100 rose 04 while Spain’s IBEX 35 Index fell 01 The German DAX gained 05 French CAC 40 rose 07 and Italy’s FTSE MIB Index gained 02 Loans to households in the Eurozone climbed 45 year over year in August while number of people registered at out of work in mainland France dropped by 1 thousand from the prior month to 2966 million during August Economics US durable goods orders fell 02 month over month in August The SP CoreLogic Case Shiller 20 city home price index rose 161 year over year in July The FHFA s house price index fell 06 from a month ago in July New home sales jumped 288 from a month ago to a five month high of 685000 in August The Richmond Fed composite manufacturing index came in at 0 in September versus 8 in the prior month The Treasury is set to auction 5 year notes at 100 pm ET Data on money supply for August will be released at 100 pm ET Federal Reserve Bank of San Francisco President Mary Daly will speak at 855 pm ET Check out this Bitcoin Jumps Above This Major Level Here Are Other Crypto Movers That Should Be On Your Radar Today COVID 19 Update The US has the highest number of coronavirus cases and deaths in the world reporting a total of 97959570 cases with around 1082030 deaths India confirmed a total of at least 44575470 cases and 528560 deaths while France reported over 35164530 COVID 19 cases with 154960 deaths In total there were at least 620803240 cases of COVID 19 worldwide with more than 6541900 deaths

Feb 14 Reuters Australian shares edged up on Monday supported by a jump in gold stocks after rising tensions between Russia and Ukraine spurred demand for safe haven bullion although a fall in technology stocks kept gains in check The SPASX 200 index AXJO was up 04 at 72423 as of 0002 GMT The benchmark closed 1 lower on Friday Comments from the country s top central banker that rate hikes may start later this year kept a cap on risk appetite read more Global markets have been rattled by the possibility that Russia could invade Ukraine at any time read more Among sub indexes Australian gold stocks AXJO led the gains jumping as much as 62 to their highest level in three weeks as bullion prices hit a near two month peak Index heavyweight Newcrest Mining NCMAX climbed more than 5 Bullion is considered a hedge against soaring inflation and often used as a safe store of value during times of political and financial uncertainty Energy stocks AXEJ were up nearly 3 tracking an uptick in oil prices as escalating fears of an invasion of Ukraine by Russia a top energy producer added to concerns over tight global crude supplies Woodside Petroleum WPLAX and Santos STOAX rose 33 and 4 respectively The benchmark was also aided by a jump in shares of Beach Energy BPTAX after the oil and gas explorer said its half year profit surged 66 on the back of firmer oil prices On the downside domestic tech stocks AXIJ fell 1 tracking US peers as Wall Street ended the previous session sharply lower amid Russia Ukraine tensions Australia s software firm Wisetech Global WTCAX shed 27 on Monday Ledger electronics retailer JB Hi Fi JBHAX fell to its lowest level since last August after a disappointing earnings report In New Zealand the benchmark NZ50 was down 1 at 1204932 points as of 0002 GMT Reporting by Arundhati Dutta in Bengaluru Editing by Sherry Jacob Phillips

The US is headed toward a recession with stubbornly high inflation according to hedge fund manager Kyle Bass The chief investment officer of Hayman Capital Management said on CNBC s Squawk Box that s he s pessimistic about the path of the US economy as prices continue to rise at the fastest rate in 40 years and there are some signs of slowing growth I think that we re in a scenario where there s a stagflationary environment I think the economy s going to cool off and I think we ll have a recession by the end of this year or the beginning of next year And we ll still have rising food prices and rising energy prices Bass said He added however that he thought any recession would be shallow Stagflation is a term most commonly associated with the 1970s when the US struggled with meager economic growth and sky high inflation It was also one of the worst decades on record for investors Economic data has been mixed in recent weeks Thursday s revised reading for first quarter GDP showed a decline of 15 slightly worse than previously reported However jobless claims declined last week and most economists expect the second quarter to show a return to economic expansion The Federal Reserve has begun to hike interest rates to calm inflation aiming for a so called soft landing that avoids a recession However Bass said he is skeptical that the Fed will be able to hike rates high enough to make a major impact on inflation and added that the central bank is still too optimistic about economic growth The next three quarters would have to average over four percent growth to hit the Fed staff s target of 28 That s just not going to happen Bass said

This article was originally published in January 2022 What are if anythe negative effects of regular marijuana consumption Well according to acomprehensive reviewpublished Wednesday in the journalAddiction cannabis use can lead tosmall or to moderate acute cognitive impairments that can persist after the period of intoxicationreportedMedicalXpress The study was conducted by the research center of the InstituteUniversitiaire En Santé Mentale De Montréal in Canada The studywas a meta review meaning a review of reviews – merging the results of 10 meta analyses with a total of43000 participants While meta analysis is a powerful tool aNational Center for Biotechnology Information NCBI study cautioned that meta analyses can becontroversial tools that maylead to misleading conclusions in that decisions made when designing and performing a meta analysis require personal judgment and expertise thus creating personal biases or expectations that may influence the result The results The study concludesthat marijuana intoxication producescognitive deficitsin the following areas Decision making Memory and concentration Suppression of inappropriate responses Learning through reading and listening The time required to finish a mental task According to the review these adverse effects of cannabis consumption beginwhile it is being consumed and persist afterward See also Old Weed What Happens To Marijuana After Five Years Of Storage Our study enabled us to highlight several areas of cognition impaired by cannabis use including problems concentrating and difficulties remembering and learning which may have considerable impact on users daily lives said the study s co authorDr Alexandre Dumais associate clinical professor of psychiatry at Université de Montréal Cannabis use in youth may consequently lead to reduced educational attainment and in adults to poor work performance and dangerous driving Theseconsequences may be worse in regular and heavy users Importance Of The Study The study further highlighted how cannabis is thethird most consumed psychoactive substance in the worldafter alcohol and nicotine with adolescents and young adults being the most common consumers Because ofthe recent global cannabis legalization trend which shifts the perceptions of the safety of the plant the study s authorsemphasizedthe importance of comprehending the cognitive risks associated with marijuana use especially for adolescentswhose brains are undergoing significant developmental changes Photo Courtesy of LeVan Smith III on Unsplash

ViacomCBS changes name to Paramount shares fall ViacomCBS Inc VIACO shares plunged 21 to 2845 making them the worst performer on the SP 500 after they media conglomerate missed Wall Street estimates for fourth quarter profit This report produced by Chris Dignam

Orders for manufactured goods were flat in August the Commerce Department said Tuesday The unchanged reading was in line with forecasts of economists surveyed by the Wall Street Journal The factory sector which led the economy’s recovery from the pandemic has started to slow The Institute for Supply Management reported Monday that its key gauge of factory activity slowed to 509 in September the lowest level since the worst of the pandemic recession in May 2020 Durable goods orders fell 02 in August unrevised from the initial estimate Orders for nondurable goods were up 02 in the month Offsetting some of the gloom orders for nondefense capital goods excluding aircraft rose a revised 14 in August up slightly from the prior reading of a 13 gain Stocks DJIA SPX were sharply higher for the second straight day Tuesday after steep losses in September

Bank of Baroda s shares rose Monday after the lender s second quarter net profit surged 57 on year The shares rose as much as 12 to 16175 Indian rupees in early trade and were recently 11 higher Bank of Baroda reported Saturday a net profit of 3400 billion Indian rupee 4143 million for the quarter ended September supported by higher net interest income and fee based income Its fiscal second quarter revenue rose 345 on year to INR10174 billion Analysts at Citi reckoned that the Indian bank may have further headroom for margin expansion given that its loan to deposit ratio remains lower than front line private banks at around 77 Citi raised its stock target price to INR165 from INR153 and maintained a buy rating

US Dollar banknotes are seen in this illustration taken July 17 2022 REUTERSDado RuvicIllustration SYDNEY Sept 1 Reuters Asian stocks slid and the dollar spiked on Thursday as investors greeted September by selling everything that was not nailed down after a month battered by concerns about aggressive rate hikes from global policymakers MSCI s broadest index of Asia Pacific shares outside Japan MIAPJ0000PUS slumped 13 in early Asia trade following a slide in US stock futures The SP 500 futures dropped 06 while Nasdaq futures declined 11 Tech stocks took a hit dragged lower by a 66 after hour plunge in chip designer Nvidia Corp NVDAO after US officials told the company to stop exporting two top computing chips for artificial intelligence work to China read more Regional purchasing managers indexes from South Korea Japan and China on Thursday all pointed to slowing global economic activity as high inflation rising interest rates and the war in Ukraine took a heavy toll read more August has been a terrible month for balance fund investors with no diversification gains from holding a portfolio of equities and bonds Rodrigo Catril senior FX strategist at National Australia Bank said in a note to clients Month end yields no surprises but rather an extension of the major themes seen during August with further increases in core global bond yields and weaker equities This month both the US Federal Reserve and the European Central Bank are expected to raise borrowing costs aggressively Overnight Cleveland Fed President Loretta Mester said the US central bank would need to boost interest rates somewhat above 4 by early next year and hold them there in order to bring inflation back down to the Fed s goal and that the risks of recession over the next year or two had moved up read more The ECB s move on interest rates must be orderly and predictable French ECB policymaker Francois Villeroy de Galhau said on Wednesday as data showed euro zone inflation had risen to another record high last month solidifying the case for a 75 basis point rate hike next week read more US stocks ended the month with the worst August performance in seven years For the month the Dow Jones Industrial Average DJI fell 406 the SP 500 SPX 424 and the Nasdaq IXIC 464 In currency markets the dollar advanced 04 against the Japanese yen to a 24 year high of 1395 while gaining 05 over the Australian dollar Hawkish Fed expectations saw Treasury yields hit fresh highs The yield on benchmark two year notes jumped 6 basis points to the highest since late 2007 at 351 while yield on 10 year bonds rose 8 basis points to 321 US crude fell 065 to 8897 a barrel while Brent crude declined 07 to 95 per barrel Russia on Wednesday halted gas supplies via Europe s key supply route Gold was slightly lower Spot gold was traded at 1705814 per ounce

The Dow Jones Industrial Average suffered its largest daily drop of 2023 on Tuesday as a rocky earnings season rippled through Wall Street wiping billions of dollars in value from some of the market s largest firms though several big name stocks rallied The Dow sank 360 points or 11 largely due to the nosedive of the index’s second largest component by weight Goldman Sachs Shares of the investment bank fell 72 after it reported a nearly 70 year over year decline in quarterly profits marking the firm s worst earnings miss in a decade as operating expenses surged 11 in the quarter the one day stock plunge wiped away 91 billion in market capitalization Tuesday Goldman took home the dubious honor of the worst performing stock with a market cap over 35 billion closely followed by Travelers and its 5 decline after the insurance company disclosed 459 million in losses related to a massive winter storm last month The broader market was relatively flat with the the SP 500 slipping 01 and the tech heavy Nasdaq rising 02 amid massive gains from Goldman rival Morgan Stanley and Tesla helping to keep the indexes afloat Morgan Stanley jumped 76 Tuesday after it narrowly beat analyst earnings estimates and posted a far smaller profit decrease than Goldman while Tesla gained 67 in the first day of trading after it unveiled significant price cuts to its electric vehicles “This round of bank earnings goes to Morgan Stanley” wrote Oanda analyst Edward Moya The choppy trading session comes during a strong start to 2022 for stocks with the all three major indexes up led by the Nasdaq’s 7 gain But that comes amid increasingly dire warnings from major banks about what a looming recession will mean for stock prices with both Goldman and Morgan Stanley warning the SP could decrease by 20 or more in 2023 if the macroeconomic situation continues to worsen 409 billion That’s Tesla’s market cap as of Tuesday afternoon its first time over 400 billion since mid December The company’s market cap peaked at over 11 trillion in late 2021 Bitcoin stayed flat Tuesday at roughly 21000 maintaining its weekend gains and enjoying its longest stretch over 20000 since early November when the crumbling of the crypto exchange FTX set forth a collapse in digital asset prices Recession Could Tank The SP Another 22—But Tesla And These Other Stocks Could Withstand The Downturn Forbes Crypto Market Crosses 1 Trillion For First Time In Months As Bitcoin Recovers From FTX Driven Crash Forbes

High mortgage rates are pushing some home buyers to choose adjustable rate mortgages over fixed rate loans to keep monthly costs down Adjustable rate mortgages called ARMs typically carry a lower rate than a 30 year fixed mortgage in the loan’s early years and then adjust at regular intervals based on one of several indexes The potential for significantly higher rates and payments in the future makes ARMs riskier than fixed rate mortgages ARMs helped fuel the 2008 09 financial crisis when lenders made loans with ultralow teaser rates to subprime borrowers

American Weed Company launched on Veterans Day eve with a private launch party headlined by pro legalization icons Rebelution the event featured an acoustic set by the legend Matisyahu and was kicked off by the band Cydeways The event was for American Weed Co to thank budtenders and their dispensary and delivery partners in California and featured a number of famous fans of the brand including multiple members of the San Diego Padres former San Diego Chargers and a slew of cannabis influencers and journalists It s not hard to see why American grown Veteran owned American Weed Company s mission To legalize weed for Veterans nationwide We are so excited to partner with our amazing dispensary and delivery partners Their budtenders are on the front lines of de stigmatization every single day stated co founder and co CEO Sean Gilfillan a former US Diplomat and US Army Officer We owe them a huge debt of gratitude The product lines take inspiration from legendary military units from WW2 Devil s Dawn for occasions when you want to have fun Bombed Buzz to relax and the CBN Sleep Joint in the market Armored Angel We want to make it easy for people so we created distinct brand identities for each product as well as a low and high THC version stated co founder and co CEO Ryan Brooks an Academy Award winning producer We heard the same thing over and over Buying weed is confusing for everyone Our goal is to give people the same products with the same taste smell and effect Every Single Time A member of the National Cannabis Roundtable the federal bipartisan lobbying effort to modernize cannabis policy nationwide American Weed Co is the first cannabis company in the country focused on legalizing cannabis for every Veteran In keeping with their personal commitment to veterans American Weed Co will be donating up to 10 of their net profits per year to Stop Soldier Suicide Get your daily dose of cannabis news on Benzinga Cannabis Don’t miss out on any important developments in the industry Photo Courtesy of American Weed Company

This article was automatically generated by Barronscom using technology from Automated Insights With US stock markets set to open in two hours Omnicom Group OMC was up 73 in pre market trading and Interpublic Grp IPG was up 71 Netflix NFLX Magna Intl MGA and Symbotic SYM were all posting gains of at least 5 News Corp Cl A NWSA and MT Bank MTB had posted declines falling 47 and 42 respectively

We must remain in readiness to use all policy levers to preserve macro economic and financial stability while enhancing the economy s resilience I reiterate that the situation is dynamic and fast changing and our actions have to be tailored accordingly This is something which was there in my statement of last month Also Against this backdrop the Monetary Policy Committee decided to hold an off cycle meeting on second and fourth May 2022 to reassess the evolving inflation growth dynamics and the impact of the developments After the NPC meeting of 6th to 8th April 2022 based on this assessment of the macroeconomic situation and the outlook the Monetary Policy Committee voted unanimously To increase the policy they avoid it by 40 basis points for Israel by 40 basis points to four point four zero percent with immediate effect Consequently the standing deposit facility rate stance adjusted to forty point one five percent and the marginal standing facility rate and bank rate to four point sixty five percent The NPC also decided to unanimously remain accommodative while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth So the decision in this regard what is called as the stance is status quo In other words it is the same as was last time

SYDNEY Jan 17 Reuters Asian share markets got off to a cautious start on Monday as the US earnings season loomed large and a slew of Chinese economic data were expected to show the deadening effect of coronavirus restrictions on activity A holiday in the United States made for thin trading but that did not stop Brent crude from extending its bull run toward last year s peak of 8670 a barrel MSCI s broadest index of Asia Pacific shares outside Japan MIAPJ0000PUS was little changed while Japan s Nikkei N225 bounced 08 after losing 12 last week The main feature of the market recently has been a rotation into value stocks and away from growth particularly technology The SP 500 information technology sector SPLRCT which accounts for nearly 29 of the index has shed 55 this year With valuations still high earnings will have to be strong to stop further losses Overall SP 500 earnings are expected to climb 231 this season according to Refinitiv IBES while the tech sector is seen up by 156 The market will be spared speeches from Federal Reserve officials this week ahead of their Jan 25 26 policy meeting but there has been more than enough hawkish comments to see the market almost fully price in a first rate hike for March There was also talk the Fed will start trimming its balance sheet earlier than previously thought draining some of the excess liquidity from world markets Yields on cash 10 year Treasuries climbed to their highest in a year at 18 while futures implied yield of 183 early on Monday The implications of quantitative tightening continue to occupy markets as an earlier Fed balance sheet runoff looms noted analysts at Barclays Meanwhile new COVID lockdowns in China could re aggravate global supply bottlenecks while in both Europe and the US the near term growth outlook is now weaker and the 2022 inflation profiles higher Data out of China due on Monday are expected to show retail sales and industrial output slowed further in December The economy is forecast to have grown 11 in the fourth quarter though the annual pace is seen slowing to 36 from 49 A Bank of Japan BOJ policy meeting this week will bear watching given talk it will revise up its outlook for growth and inflation while sources told Reuters policy makers were debating how soon they could start telegraphing an eventual interest rate hike While a move is unlikely this year financial markets may be under estimating its readiness to gradually phase out its once radical stimulus programme read more This was one reason the yen has rallied with the dollar slipping 12 last week to last stand at 11429 but still well above major chart support at 11252 The euro also gained 05 last week as the dollar eased broadly and was last changing hands at 11408 The dollar index was a shade firmer at 95231 after touching a 10 week trough at 94626 on Friday We continue to think that the greenback will strengthen again before long as we expect strong cyclical price pressures in the US to mean the Fed tightens by more and for longer than investors currently discount argued Joseph Marlow an economist at Capital Economics They see Fed rates topping 25 while the market has priced in a peak around 175 20 The risk of higher rates kept non yielding gold restrained at 1817 an ounce while industrial and energy resources have benefited from resilient demand and limited supplies Oil prices have climbed for four weeks straight and such is demand that physical barrels of oil are changing hands at near record high premiums Early Monday Brent had added another 51 cents to 8657 a barrel and was approaching the 2021 top of 8670 and the 2018 peak at 8674 A break there would take it to heights last visited in 2014 US crude also firmed 75 cents to 8457 per barrel

The Economics Committee of the French Senate has approved a plan that would let social media influencers advertise goods from Binance CRYPTO BNB and other licensed cryptocurrency businesses This choice reveals a more tolerant stance than that of the National Assembly in Paris which voted in March to effectively outlaw celebrity endorsements of cryptocurrencies The proposal would allow cryptocurrency companies to work with influencers for promotional reasons if they are registered with or have a license from regulatory authorities See AlsoDark Web s Darkest Hour Massive Crypto Seizure And Arrests Leave Criminals Shaking In Fear It was passed by the Committee and will be discussed in the Senate plenary the following week This idea harmonizes the law with the current French Consumer Code claims lead politician Amel Gacquerre of the Centrist Union party in a note Additionally the bill places limitations on influencers who advertise gambling and cosmetics products The National Assembly had earlier claimed that influencers should only be permitted to advertise goods from Bitcoin CRYPTO BTC companies licensed by the Financial Markets Authority in opposition to the Senate s proposal However none of these businesses are currently licensed Instead many businesses such as Binance Bitstamp and eToro have registered with the regulator demonstrating their adherence to governance and anti money laundering standards The terms of the measure must be approved by both the Senate and Assembly in order for it to become law The industry lobbying group ADAN which had previously warned that the Assembly s stance may prevent France from becoming a center for cryptocurrencies was upbeat about the Committee s choice and referred to it as encouraging in a tweet on Wednesday NextCoinMarketCap s Killer Whales The Shark Tank Of Web3 And NFT Entrepreneurship Image by Pexels from Pixabay

US stocks traded higher on Thursday with the main benchmarks headed for back to back gains as investors digested a batch of upbeat economic data On Wednesday the Dow Jones Industrial Average rose 60 points or 018 to 32969 the SP 500 increased 12 points or 029 to 4141 and the Nasdaq Composite gained 50 points or 041 to 12432 The SP 500 is up 129 from its mid June low but remains down 131 for the year to date US stocks opened mostly higher on Thursday following revised readings on the performance of the US and German economies during the second quarter along with more fiscal stimulus measures out of China A revised reading on second quarter gross domestic product showed Germany s economy grew by 01 in the second quarter which was better than economists had expected Meanwhile in the US the first revision of second quarter GDP figures showed the economy shrank by just 06 better than the 09 contraction from the original reading SeeGDP shrank at 06 annual pace in second quarter but it wasn t all bad news Stocks are also contending with low trading volume Wednesday s session saw just 88 billion shares traded across the various Wall Street exchanges That was the lowest volume so far this year and a decline of 26 compared with the daily average for 2022 according to Dow Jones data Market strategists blamed the low trading volume on seasonal factors as well as the reluctance among some investors to make bold bets before Fed Chairman Jay Powell speaks on Friday at the Kansas City Fed s annual economic symposium in Jackson Hole Wyo Investors will dissect Powell s comments for clues about the direction of Fed policy an issue that has greatly determined market trajectory of late Markets maintained their holding pattern ahead of an important couple of days which should provide further short term directional clues said Richard Hunter head of markets at Interactive Investor Susannah Streeter senior investment and markets analyst at Hargreaves Lansdown said that the nervousness which swept through indices earlier in the week has been kept at bay The expectation that the US Federal Reserve will keep hiking rates to beat down inflation has already been priced in to some extent In other economic news the number of Americans who applied for unemployment benefits last week fell to a one month low of 243000 indicating layoffs remain near record lows See Jobless claims fall to one month low of 243000 with no sign of surging layoffs Investors were also contending with a decidedly mixed bag of earnings reports from a handful of tech companies released after Wednesday s closing bell Shares in Nvidia NVDA were flat while Salesforce CRM were down nearly 7 Snowflake SNOW on the other hand was up more than 16 after its numbers and forecasts were well received How are other assets faring

Good morning Apple’s victory against supply chain crunch Biden to host Olaf Scholz to discuss Ukraine Italy’s lawmakers haven’t agreed on a president and traders boost borrowing cost bets Here’s what’s moving markets Apple rallied in late trading after quarterly revenue sailed past Wall Street estimates marking a victory against a supply chain crunch fueled by the pandemic and chip shortages The surprisingly strong results suggest that fears of supply upheaval were overblown CEO Tim Cook had warned late last year that shortages could affect the company but the tech giant navigated the crisis and benefited from a flood of new products including the iPhone 13 Apple Watch Series 7 and updated Macs

Air Canada said it expects its carrying capacity to approach pre pandemic levels by 2024 while costs are forecasted to rise The Canadian airline said Wednesday that available seat miles a measure of its carrying capacity available to generate revenue is expected to more than double in 2022 compared with last year This expected increase for the year represents about a 150 increase from 2021 and 75 of 2019 levels before the pandemic grounded fleets and significantly reduced air travel demand Air Canada said that by 2024 full year ASM capacity is expected to reach 95 of its 2019 levels Adjusted costs per available seat mile are expected to rise about 13 to 15 in 2022 compared with 2019 and in 2024 this rate is expected to slow increasing by about 2 to 4 compared with the same period Air Canada said its annual earnings before interest taxes depreciation and amortization margin is expected to be 8 to 11 in 2022 and 19 in 2024 In the period between 2022 and 2024 the company said it expects cumulative free cash flow generation of around 35 billion Canadian dollars US28 billion with an annual return on invested capital reaching about 15 in 2024 Our expectations for the long term success of our airline give us confidence to set out key targets that will serve to drive continuous improvement within the company and provide transparency for investors to track our progress Chief Executive Michael Rousseau said

If history is any guide there may be good fortune ahead for shares of Tenaris NYSETS A so called golden cross has formed on its chart and not surprisingly this could be bullish for the stockWhat To Know Many traders use moving average crossover systems to make their decisionsWhen 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 lowerWhy 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 changingThat just happened with Tenaris which is trading around 3342 at publication time Remember Seasoned investors don t blindly trade Golden CrossesInstead they use it as a signal to start looking for long positions based on other factors like price levels and company fundamentals eventsFor seasoned investors this is just a sign that it might be time to start considering possible long positions TABLE Do you use the Golden Cross signal in your trading or investing Share this article with a friend if you found it helpfulThis article was generated by Benzinga s automated content engine and reviewed by an editor

The logo of Robinhood Markets Inc is seen at a pop up event on Wall Street after the company s IPO in New York City US July 29 2021 REUTERSAndrew KellyFile Photo Aug 3 Reuters Shares of Robinhood Markets HOODO rose 15 on Wednesday a day after the commission free brokerage announced job cuts to weather the downturn in the cryptocurrency markets and posted a smaller than expected quarterly loss The Menlo Park California based company saw revenue fall 44 in the second quarter ended June 30 as trading volumes eased from last year s frenetic pace when retail investors used its application to pump money into so called meme stocks read more The brokerage said it will slash its total headcount by 23 in the backdrop of a looming recession rising rates and decades high inflation We believe these cost reductions will likely drive the company to profitability in the near term and could drive shares higher Goldman Sachs analysts wrote in a note In April Robinhood had slashed 9 of its total workforce citing the need to manage expenses Reporting by Manya Saini in Bengaluru Editing by Shinjini Ganguli

With US stock futures trading higher this morning on Monday some of the stocks that may grab investor focus today are as follows Wall Street expects Acuity Brands Inc NYSEAYI to post quarterly earnings at 280 per share on revenue of 95892 million before the opening bell Acuity Brands shares slipped 01 to 16975 in after hours trading Macy s Inc NYSEM said it sees sales to come in at the low end to mid point of its earlier issued projected range of 816 billion to 840 billion The company however maintained its adjusted earnings view of 147 to 167 per share Macy s shares dropped 38 to 2128 in the after hours trading session Analysts are expecting Commercial Metals Company NYSECMC to have earned 155 per share on revenue of 192 billion for the latest quarter The company will release earnings before the markets open Commercial Metals shares dropped 16 to 4979 in after hours trading Check out our premarket coverage here Revance Therapeutics Inc NASDAQRVNC reported the FDA acceptance Of supplemental Biologics License Application for DAXXIFY for injection for the treatment of cervical dystonia Revance shares gained 45 to 2060 in the after hours trading session Analysts expect PriceSmart Inc NASDAQPSMT to post quarterly earnings at 097 per share on revenue of 108 billion after the closing bell PriceSmart shares slipped 01 to 6256 in after hours trading Read This Next 5 Tech Stocks That Are Flying And May Collapse

The US Chamber of Commerce’s head on Tuesday warned the federal government that her group will continue to battle against what it views as any overreach by Washington as she also criticized the Biden administration’s approach to trade “Despite the clear innovation the resilience and the dynamism of our economy we have leaders who think the government needs to step in and impose a heavy hand” said the lobbying group’s president and CEO Suzanne Clark as she delivered an annual “State of American Business” address “The Biden administration introduced a sweeping executive order based on the false premise that our entire economy is overconcentrated and stagnant Modern day trust busters on Capitol Hill from both parties think all big is bad and necessarily a threat to small when in fact our economy is an ecosystem where big business depends on small companies and vice versa” Related Big Tech heads for ‘a year of thousands of tiny tech papercuts’ but what antitrust efforts could make them bleed Clark promised opposition along multiple fronts from the chamber which is the country’s biggest business lobbying group “If bureaucrats and elected officials don’t stop getting in the way we will stop them We will challenge overreach and defend the rule of law at every turn in every agency with every tool at our disposal in Washington in statehouses and in the courts” she said Clark said the Federal Trade Commission has “taken such an aggressive stance against mergers and acquisitions that small and medium sized businesses fear they’ll have worked for years to build something and yet have no exit strategy if they choose to sell” “These are just a few examples of the threat of government overreach that now confronts businesses of all sizes and undermines our fragile economic recovery” she added “There are numerous others from the proposed partisan tax and spending spree to fund a massive expansion of the federal government to aggressive oversight and overregulation from agencies like the FCC and the CFPB to enforcement from the DOJ the EPA and the IRS” She was referring to the Federal Communications Commission the Consumer Financial Protection Bureau the Department of Justice the Environmental Protection Agency and the Internal Revenue Service The chamber CEO also said the US is falling behind on trade “While other economies race to ink new deals the US has not entered an agreement with a new trade partner in a decade and the current administration consumed by caution and internal reviews is doing little to change that” she said “In fact it has yet to embrace even relatively uncontroversial initiatives such as a trade agreement with the UK our closest ally” In a news conference after the speech an official from the chamber responded to a MarketWatch question on what the stock market could be saying so far about the Biden administration The SP 500 SPX has gained 24 over the past 12 months “Elected officials of both parties when the markets are up have a tendency to point to the market and see it as a validation of their policies and when markets are down to point to it and say it has nothing to do with policies The truth is there are a lot of factors driving markets today including the surprising strength by which the private sector is coming out of the pandemic” said Neil Bradley the US Chamber’s executive vice president and chief policy officer “So I think that is contributing to the stock market and the SP levels that we’re seeing but it’s also true that policies are creating headwinds and so it’s a balancing act I think we shouldn’t be too quick to take a snapshot in time of a market around an inauguration or an election day and somehow attribute that purely to incumbents” A year ago the chamber’s “State of American Business” speech emphasized the group’s opposition to potential increases in some regulations or taxes and it also called for infrastructure PAVE spending as well as improved trade relations That address came a week before President Joe Biden’s inauguration and it was delivered by the chamber’s former CEO Thomas Donohue a longtime Washington fixture who still serves on the group’s board of directors US stock benchmarks DJIA COMP traded higher on Tuesday as investors appeared to take testimony by Federal Reserve Chairman Jerome Powell in stride as they looked for clues on future increases for interest rates

Register now for FREE unlimited access to Reuterscom Register LONDON Sept 21 Reuters Petershill Partners PHLLL the London listed investment firm operated by Goldman Sachs GSN reported a 10 rise in half year partner distributable earnings on Wednesday as it approved a dividend amid strong cash flow Petershill Partners which started trading on the London bourse last September said partner distributable earnings effective adjusted revenue climbed to 169 million It approved a 35 cents per share half year dividend payable on Oct 28 The group posted adjusted EBIT earnings before interest and tax of 153 million and adjusted profit after tax of 135 million for the six months to June 30 Chairman Naguib Kheraj said statutory earnings were affected by the mark down in the carrying value of investments because of the impact of higher discount rates but that healthy cash generation and a strong balance sheet would allow the group to support further acquisitions and shareholder distributions While the macroeconomic and equity market backdrop is challenging and volatile our Partner firms continue to be successful in fund raising and this is expected to support double digit growth in management fee revenues although performance fees and investment gains are expected to be lower than the prior year he said The group has built a network of minority stakes in independent asset managers that are seeking capital to scale up or diversify their businesses to harness fresh growth The business offers strategic advice as well as capital with the bulk of income generated by management fees alongside a performance fee and balance sheet income

We re selling 100 shares of Qualcomm QCOM at roughly 12284 Following Wednesday s trade Jim Cramer s Charitable Trust will own 525 shares of Qualcomm decreasing its weighting in the portfolio to about 224 from 266 The broader market may be lower Wednesday with the seven day win streak in the Nasdaq and V anEck Semiconductor ETF SMH on pace to come to an end However shares of chipmaker Qualcomm were standing out in a sea of red up about 2 late in the session It s a confusing move because the only real piece of research we read about it Wednesday was from Citi and the analysts did not provide a rosy view of the stock Citi opened a Negative Catalyst Watch on Qualcomm Wednesday morning What this basically means is that the analysts see an upcoming event that could drive a negative move in a stock price A catalyst event could be a wide range of things In some cases it could be a data readout for a health care company Or it could be a company specific event like an Investor Day or a new product launch A catalyst event is typically something that triggers upward or downward revisions to future earnings estimates Stocks typically move higher when revisions are upward but fall when earnings estimates come down In this case the event of Citi s focus is Qualcomm s upcoming earnings report on Feb 2 Citi thinks the December quarter results could be in line with the consensus estimate but their concern is about the guidance The analysts believe the company will guide March quarter sales and earnings per share estimates 6 below consensus due to the ongoing correction in the handset market It s no secret that Qualcomm is currently working through a glut of handset chips but Citi appears to see the correction taking longer than what the Street predicts This is only the opinion of one shop so what they predict should be taken with context There are many analysts that cover Qualcomm some are bullish some are bearish and each one has excellent reasons that support their individual investment cases There is also always the outstanding question of what is already priced in and reflected in the current stock price and what are investors willing to look through This is one of the biggest debates facing investors in technology stocks in 2023 We mention all of this as an acknowledgment of some of the current risks but we are keeping it simple here Qualcomm shares are having a strong showing in a weak market Wednesday and the gains are extending the stock s run to about 12 year to date Due to our ongoing concerns about chip inventories and how long their corrections will play out we are trimming QCOM into this strength and taking a disappointing loss of about 25 on stock purchased in February 2022 However we feel it s better to take a smaller loss and mitigate against steeper downside should Citi s fears be justified Jim Cramer s Charitable Trust is long QCOM 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

FRANKFURT Oct 27 Reuters The European Central Bank on Thursday got rid of a subsidy on its multi year loans to banks to encourage them to repay them early in a move designed to mop up excess cash from the system and avoid political embarrassment The ECB has come under pressure to change the terms of its Targeted Longer term Refinancing Operations TLTRO because the generous rate offered at the height of the COVID 19 pandemic now allowed banks to make a guaranteed profit at the ECB s expense As well as being costly for the ECB this source of cheap cash was getting in the way of its fight to lower inflation which is running at close to 10 in the euro zone For these reasons the ECB said banks would now have to pay going rates on their TLTRO credit rather than the average rate over the whole duration of the loans From 23 November 2022 until the maturity date or early repayment date of each respective outstanding TLTRO III operation the interest rate on TLTRO III operations will be indexed to the average applicable key ECB interest rates over this period the ECB said It will also offer banks additional voluntary early repayment dates Frederik Ducrozet head of macroeconomic research at Pictet Wealth Management said in a Twitter post the decision to change the terms of the loans retroactively was the most radical and the worst of all options Analysts have warned that retroactive changes could deter banks from tapping similar loans in future crises Euro zone banks are sitting on 21 trillion euros 21 trillion worth of TLTRO loans extended at ultra low or even negative interest rates at a time when the ECB s main worry was persistently low inflation But the deposit rate the ECB pays commercial banks is now back in positive territory and is likely to rise further That means banks could make a guaranteed profit of 30 35 billion euros simply by parking their TLTRO cash at the ECB according to IESEG School of Management estimates based on the rate on deposits peaking somewhere between 25 and 45 In a similar vein the ECB decided to renumerate banks minimum reserves at its deposit rate which it hiked to 15 on Thursday instead of at the main refinancing operations rate which it hiked to 2 The rates at which banks lend to each other in the money markets are also still below the ECB s policy rate meaning its recent rate hikes have not been fully passed on to the banking sector yet The cash also creates additional demand for low risk securities limiting the rise in rates on repurchase agreements and short dated government bond yields Euro zone banking stocks briefly fell following the decision but then outperformed the region s broader stock market SX7P as investors await details to be released at 1345 GMT The spread between interest rate swaps and the two year German bond yield fell to the lowest since August in a sign that trader see the move as helping ease the shortage of government bonds used as collateral in the euro area Reporting By Francesco Canepa and Yoruk Bahceli Editing by Catherine Evans and Hugh Lawson

On Wednesday shares of Myomo Inc MYO experienced volatile short activity After the activity the stock price went up 334 to 08127 The overall sentiment for MYO has been Bearish The signal from the volatility alert is trending Bearish Therefore the recommendation is to Strong Sell The volatility alert was produced on the prior trading date 11302022 with a volatility change of 967 The current volatility indicator stands at 17808 Overview The securities lending volatility indicator is produced by Tidal Markets in partnership with Benzinga Insights Securities lending primarily serves the purpose of providing liquidity to short sellers When unusual activity occurs in the securities lending markets it acts as an upstream indicator to what is likely to occur downstream in the regular stock market Understanding the Volatility Alert Overall sentiment is considered bear when broad market activity of the stock has been shown to indicate a negative directional basis or is considered bull when indicating a positive directional basis The securities lending volatility indicator provides a signal when it detects unusual short activity Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted the rate being paid to short the shares and the type of collateral being posted amongst other variables The current volatility is the respective trading day s calculated securities lending volatility value The volatility percentage change is the percentage difference in volatility between the two most recent days The recommendation is a suggestive strategy inferred from the strength of the Signal Trending Current Volatility and Volatility Change Recommendations may include Strong Buy Strong Sell Increase Short Exposure Decrease Short Exposure or Market Neutral ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

A whale with a lot of money to spend has taken a noticeably bullish stance on Baidu Looking at options history for Baidu NASDAQBIDU we detected 10 strange trades If we consider the specifics of each trade it is accurate to state that 60 of the investors opened trades with bullish expectations and 40 with bearish From the overall spotted trades 3 are puts for a total amount of 120122 and 7 calls for a total amount of 295104 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 1050 to 1330 for Baidu over the last 3 months Volume Open Interest Development In terms of liquidity and interest the mean open interest for Baidu options trades today is 1146 with a total volume of 82300 In the following chart we are able to follow the development of volume and open interest of call and put options for Baidu s big money trades within a strike price range of 1050 to 1330 over the last 30 days Baidu 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 BIDU CALL SWEEP BULLISH 121523 12000 588K 12 59 BIDU CALL TRADE BULLISH 011924 10500 548K 169 20 BIDU CALL TRADE BULLISH 072123 12500 492K 269 64 BIDU PUT TRADE BULLISH 042823 13300 403K 90 28 BIDU PUT SWEEP BEARISH 042823 13300 399K 90 56 Where Is Baidu Standing Right Now With a volume of 520487 the price of BIDU is up 086 at 11948 RSI indicators hint that the underlying stock may be oversold Next earnings are expected to be released in 27 days What The Experts Say On Baidu Citigroup has decided to maintain their Buy rating on Baidu which currently sits at a price target of 186 HSBC has decided to maintain their Buy rating on Baidu which currently sits at a price target of 165 Mizuho downgraded its action to Buy with a price target of 190 UBS has decided to maintain their Buy rating on Baidu which currently sits at a price target of 180 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 Baidu Benzinga Pro gives you real time options trades alerts

The US Justice Department s bankruptcy watchdog said Monday that a law firm and chief restructuring officer hired by Infowars parent company failed to disclose they were working for the business at the same time they represented other Infowars affiliates during an earlier chapter 11 case US Trustee Kevin Epstein said in court filings that the law firm Shannon Lee LLP and proposed CRO W Marc Schwartz failed to disclose the dual representations in retention applications in the first bankruptcy which involved corporate affiliates holding Infowars intellectual property During the first bankruptcy both professionals also represented Infowars parent Free Speech Systems LLC which was not in chapter 11 at the time the US Trustee said The earlier Infowars bankruptcy was dismissed and FSS subsequently filed chapter 11 in July Mr Epstein said the judge overseeing FSS chapter 11 case should deny Shannon Lee and Mr Schwartz s requests to be retained in the current bankruptcy case because they failed to comply with chapter 11 disclosure rules meant to weed out potential conflicts of interest when they didn t disclose their connection to FSS in the first Infowars bankruptcy Mr Epstein said the judge should deny the retention applications to protect the integrity of the bankruptcy system

Align Technology Inc ALGN stock fell more than 22 in the extended session Wednesday after the maker of Invisalign aligners and other orthodontic products missed first quarter expectations saying that the quarter was tougher than expected as COVID lockdowns weaker consumer confidence inflationary pressures and the RussiaUkraine conflict have created headwinds Align said it earned 1343 million or 170 a share in the quarter compared with 2004 million or 251 a share in the year ago period Adjusted for one time items Align earned 213 a share Revenue fell to 9732 million compared with 8948 million a year ago Analysts polled by FactSet expected the company to report adjusted EPS of 225 on sales of 1 billion Despite the headwinds Align remains excited and are committed to realizing the enormous opportunity in front of us to lead the evolution of digital orthodontics and comprehensive dentistry Chief Executive Joe Hogan said Align stock ended the regular trading day down 02 Align Technology President and CEO Joe Hogan said Overall the first quarter proved to be a tougher than expected operating environment globally and we believe our results primarily reflect three factors the continued impact of COVID 19 waves in every region and especially in China with its restrictions and lockdowns under their zero COVID policy a weaker economic environment and waning consumer confidence driven by increasing inflationary pressures and supply chain disruptions and the military conflict in Ukraine and fallout across Europe In addition with approximately half our business occurring outside of the US unfavorable foreign exchange rates negatively impacted our revenues margins and EPS Notwithstanding these headwinds Q1 22 total revenues of 9732 million were up 88 year over year This is compared to Q1 21 revenues of 8948 million which had year over year revenue growth rate of 624 from Q1 20 to Q1 21 Our Q1 22 operating income was 1981 million and operating margin was 204

Shares of Corsair Gaming Inc were down in Thursday s late trading session after the company said first quarter revenue was lower than expected At 443 pm ET shares were trading 121 lower at 1611 The stock finished the day s regular session with a 527 loss closing at 1832 After the bell Corsair said its preliminary unaudited revenue was about 380 million In the year ago period the gaming gear company reported revenue of 5294 million Revenue was lower than we expected mainly due to a short term slowdown in consumer spending in Europe said Andy Paul chief executive As is now becoming generally apparent inflation is higher than expected and the Russia and Ukraine conflict has put a strain on consumer confidence he added He also said we were not expecting to show growth over the most recent Q1 2021 since that quarter contained stimulus checks and pent up demand due to product shortages

Oil futures climbed on Wednesday with US prices settling at their highest in more than three weeks Prices found support after the Energy Information Administration reported weekly declines in US crude and gasoline inventories and as recent reports said Iran may be preparing an attack on Saudi Arabia Oil prices continued higher after the Federal Reserve approved an increase of 075 percentage points in its benchmark interest rate US benchmark West Texas Intermediate crude for December delivery CLZ22 rose 163 or 18 to settle at 90 a barrel on the New York Mercantile Exchange That was the highest front month contract finish since Oct 10 FactSet data show

Psychedelics company Clearmind Medicine Inc NASDAQCMND aims to bring its proprietary compound CMND 100 to clinical trials while developing additional proprietary psychedelic compounds for next generation novel drug candidates according to CEO Adi Zuloff Shani In a recent letter to shareholders Zuloff Shani explained that CMND 100 is a drug candidate based on 5 methoxy 2 aminoindane MEAI for which the company has achieved several milestones towards obtaining FDA approval This included an expected clinical trial for Alcohol Use Disorder AUD treatment after completing non clinical studies and conducting a “constructive” pre IND meeting in what Clearmind’s CEO stated were “extremely short timelines” Currently the company is in the process of preparing the IND package for its submission to the FDA and the Israeli Ministry of Health expected in early 2023 with backing previous preclinical studies demonstrating MEAI’s highly safe profile and indications of a significant dose dependent effect reducing alcohol consumption in animals Specifically CMND 100 is assumed to work by suppressing the decision to consume more alcohol through potentially innervating neural pathways associated with the 5 HT1A receptor that lead to “sensible behavior” Another substantial advancement was seen in the company’s novel patent pending treatment for cocaine addiction with the same compound Clearmind is also exploring MEAI’ as a potential treatment for additional indications in line with our broader mandate to address addictions binge behaviors and other mental concerns The first indication we examined was cocaine addiction” Zuloff Shani explained In June 2022 Clearmind announced the first positive pre clinical outcomes for cocaine addiction treatment with MEAI and announced additional encouraging preclinical results since then The Israel based company thinks MEAI could also treat obesity depression and other conditions Its IP portfolio includes seven patent families with issuances in the US Europe India and China As for other advancements Clearmind recently completed US IPOs andclosed a75 million public offering and uplistedto Nasdaq Image by Michal Jarmoluk from Pixabay

With US stock futures trading higher this morning on Tuesday some of the stocks that may grab investor focus today are as follows Wall Street expects Acuity Brands Inc NYSEAYI to report quarterly earnings at 358 per share on revenue of 108 billion before the opening bell Acuity Brands shares gained 02 to 16000 in after hours trading Shares of Poshmark Inc NASDAQPOSH surged in pre market trading after the company agreed to be bought by Korea s largest internet company Naver Corp for 1790 per share in cash Poshmark shares climbed 126 to 1753 in the pre market trading session Analysts are expecting SMART Global Holdings Inc NASDAQSGH to have earned 065 per share on revenue of 44000 million for the latest quarter The company will release earnings after the markets close SMART Global shares gained 01 to 1600 in after hours trading Check out our premarket coverage here Rivian Automotive Inc NASDAQRIVN issued an update on production and deliveries for the third quarter and said it remains on track to reach its previously provided production guidance The company said it produced 7363 vehicles and delivered 6584 vehicles during the third quarter its highest quarterly totals ever Rivian Automotive shares surged 76 to 3432 in the after hours trading session Analysts expect Saratoga Investment Corp NYSESAR to post quarterly earnings at 032 per share on revenue of 1990 million after the closing bell Saratoga Investment shares gained 17 to 2123 in after hours trading

What happened On Thursday a total of 744429 Ether CRYPTO ETH worth 11316357 based on the current value of Ethereum at time of publication 152014 was burned from Ethereum transactions Burning is when a coin or token is sent to an unusable wallet to remove it from circulation Why it matters On August 5th 2021 the Ethereum blockchain implemented an important upgrade known as EIP 1159 This Ethereum improvement proposal changed the fee model drastically Now each transaction includes a variable base fee that adjusts according to the current demand for block space This base fee is burned or permanently removed from circulation lowering the supply of Ether forever See Also How to Buy Ethereum When Will Ethereum 20 Launch Ethereum is currently issuing new Ether at a rate of 4 per year although this is expected to decrease to around 05 1 as a part of the Ethereum 20 upgrade Once this occurs many speculate that the burn rate of Ether will be greater than the token s issuance causing ETH to become a deflationary currency The net annualized issuance rate for Ether yesterday was 1212 Data provided by Glassnode

Shares of Cboe Global Markets Inc CBOE slid 110 to 11364 Tuesday on what proved to be an all around great trading session for the stock market with the SP 500 Index SPX rising 095 to 416068 and the Dow Jones Industrial Average DJIA rising 080 to 3318014 Cboe Global Markets Inc closed 2536 short of its 52 week high 13900 which the company reached on August 18th The stock underperformed when compared to some of its competitors Tuesday as CME Group Inc Cl A CME rose 171 to 20276 Intercontinental Exchange Inc ICE rose 089 to 10176 and Nasdaq Inc NDAQ rose 042 to 15476 Trading volume 550943 remained 120853 below its 50 day average volume of 671796 Editor s Note This story was auto generated by Automated Insights an automation technology provider using data from Dow Jones and FactSet See our market data terms of use

Someone with a lot of money to spend has taken a bearish stance on ASML Holding ASML 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 ASML 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 31 bullish and 68 bearish Out of all of the special options we uncovered 13 are puts for a total amount of 901342 and 22 are calls for a total amount of 1243266 Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 4000 to 7400 for ASML Holding over the last 3 months In terms of liquidity and interest the mean open interest for ASML Holding options trades today is 16804 with a total volume of 110700 In the following chart we are able to follow the development of volume and open interest of call and put options for ASML Holding s big money trades within a strike price range of 4000 to 7400 over the last 30 days ASML Holding Option Volume And Open Interest Over Last 30 Days Where Is ASML Holding Standing Right Now With a volume of 1039488 the price of ASML is up 378 at 50168 RSI indicators hint that the underlying stock is currently neutral between overbought and oversold Next earnings are expected to be released in 71 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 ASML Holding Benzinga Pro gives you real time options trades alerts

BEIJING China s struggling real estate sector could significantly drag down the economy and the stock market if authorities don t provide enough support Morgan Stanley analysts said in a report Wednesday The Shanghai composite has fallen by more than 12 so far this year Several economists have slashed their China GDP forecasts to near 3 or less this year as Covid controls and the property slump weigh on growth officially targeted at around 55 this year This summer rising anxiety among homebuyers about apartment completion brought problems in the massive real estate sector and worries about spillover to the rest of the economy to the forefront again The Morgan Stanley analysts generally expect the Chinese government will quickly attempt to rescue the property industry including a sizeable fund to help developers finish constructing apartments That would allow housing sales and prices to stabilize in the second half of this year the report said But if such a fund is too small and other measures remain limited the analysts are less optimistic about the impact on China s economy and stocks Here s how bad they think things could get under a stress test scenario Chinese stock indexes could plunge by another 20 from current levels over the next six to 12 months and potentially remain lower for much longer if the hypothetical stress scenario persists More than 11 million people could lose their jobs likely sending the urban unemployment rate above 7 Construction accommodation and catering would see the most job cuts The Chinese government has yet to announce publicly any kind of large scale fund to support real estate developers in completing apartments On Wednesday Premier Li Keqiang headed a meeting that did emphasize support for ensuring delivery of homes by saying local governments should take a flexible approach in providing special credit policies and special lending The Morgan Stanley analysts described policy easing to support housing demand as the most aggressive since 2016 and pointed out local governments efforts to address unfinished houses The silver lining is that the spillover from real estate to the rest of the economy remains manageable so far the analysts said But they warned the housing market s size and the momentum that has gathered make it unclear whether recent measures are enough Even if the Chinese government can stabilize the housing market an aging population is expected to reduce demand for apartments putting the nationwide real estate industry on a downward path Morgan Stanley s base case forecast expects long term demand for housing to decline by 30 between 2020 and 2030 That would result in a 10 to 15 drop in demand for construction materials and housing related purchases such as large home appliances the report said Overall a slowdown in the residential property market will drag down GDP growth by 01 percentage points a year in contrast to adding 1 percentage point to growth annually over the last two decades the analysts said Previously China s real estate market had boomed for two decades resulting in speculative behavior and increased risks for long term economic growth Housing sales value grew by roughly 20 a year to 18 trillion yuan 265 trillion in 2021 or one sixth of GDP according to Morgan Stanley Among many consequences was that the ratio of household debt to GDP soared from 17 in 2005 to 62 in 2020 similar to the level in major developed economies the report said

Germany s industrial production rose in September beating expectations even as demand for goods moderated and factories grappled with high energy prices and supply bottlenecks Total industrial output comprising production in manufacturing energy and construction increased 06 on month in September data from the German statistics office Destatis showed Monday Economists polled by The Wall Street Journal had expected a 01 increase In August industrial production fell 12 instead of decreasing 08 as the first estimate showed On an annual basis industrial output increased 26 in September Destatis said Production in manufacturing rose 07 on month and energy production increased 17 while construction output fell 03 the data showed In the energy intensive industrial branches production declined by 09 in September compared with August a larger decrease than in industry as a whole according to the German statistics office Production is still affected by the extreme shortage of intermediate products Destatis said In an Ifo Institute survey 658 of enterprises complained of bottlenecks and problems in procuring intermediate products and raw materials in September Germany s industrial sector faces pressure from cooling demand with new orders for factories declining 40 in September and falling for eight consecutive months

Cboe Global MarketsIncBATSCBOE reported first quarter FY23 revenue of 47140 million up 13 year over yearmissing the consensus estimate of 481 million Adjusted EPS of 190 10 YY beats the consensus estimate of 187 Strength in the derivatives business and data and access solutions bolstered YY revenue growth Recent innovations including expanded trading hours and new expirations have increased access to our suite of derivatives products providing our diverse set of customers with tools to navigate any market environmentCEO Edward T Tilly said Adjusted operating income rose 5 YY to 2852 million while the operating margin in the first quarterstands at 605 As of March 31 2023 the company had adjusted cash of 4351 million Total debt was 174 billion FY23 OutlookThe companyreaffirmedorganic total net revenue growth which is expected to be in the range of 7 to 9 percentage points Adjusted operating expenses in 2023 are expected to be in the range of 769 million to 779 million Capital Expenditure is expected to be in the range of 60 million to 66 million CBOE Price ActionCBOE Global Markets shares are down050 at 13639Friday at publication Photo Shutterstock

Euro Hong Kong dollar US dollar Japanese yen pound and Chinese 100 yuan banknotes are seen in this picture illustration January 21 2016 REUTERSJason LeeFile Photo BOSTON April 6 Reuters Hedge fund Cinctive Capital Management is expanding beyond its bread and butter stock trading and has hired former Brevan Howard trader Giles Coppel to lead a team that will bet on interest rates and currencies as global macro investments find new favor We are moving to a different paradigm and this is a time for macro investing said Richard Schimel who co founded Cinctive with Larry Sapanski in 2019 confirming the moves Fresh market volatility coupled with a spike in inflation and an expected end to generous central bank stimulus are combining to create ideal conditions for these types of strategies after a period of lackluster returns Cinctive with more than 3 billion in regulatory assets according to recent filing hired Coppel to lead the team as the firm s anchor investors and others said they wanted to put money into macro strategies as making money in stocks becomes harder Since January macro oriented strategies delivered some of the hedge fund industry s best returns gaining 2 in the first two months of 2022 according to Hedge Fund Research data At the same time the average hedge fund lost 2 and the broader SP 500 stock index tumbled 8 The shift in conditions prompted Schimel and Sapanski to expand with a team of five Coppel who joined in February will be Cinctive s macro chief investment officer He cemented his reputation at Brevan Howard and ran his own firm Phillimore Investments Macro strategist Greg Kaldor who worked with Coppel at Phillimore also joined Cinctive in February Joining this month will be Raymond Wang as a portfolio manager responsible for macro rates trading and global relative value after working at BlueCrest Capital Management Mitch Nadel the former head of America s Macro Trading at MUFG Securities and Rak Natrajan an execution trader who previously worked at Autonomy Capital

The home furnishings industry is seeing a shining star rise from the pandemic as Wayfair Inc NYSEW sets its sights on achieving breakeven or better EBITDA for the first time since 2020 The online retailer s impressive revenue trends have caught the attention of top analysts with a bevy of firms upgrading the stock and their respective price targets on Monday Read on to hear what three analysts had to say Check out more analyst ratings here Bank of America BofA Global Research upgraded the Boston based company to a buy rating and raised their price target from 30 to 65 Curtis Nagle wrote in a note to investors Monday the biggest risks to Wayfair s positive outlook include the potential for recent sales momentum to fade in coming quarters an uncertain macroeconomic environment increased competition from major retailers such as Amazon and Home Depot and continued weakness in international markets Wedbush Wedbush Securities is equally bullish on the company s future praising its strong cost cutting actions and improving sales trends which they believe set the stage for profitable growth in 2023 and beyond Analyst Seth Basham upgraded Wayfair from neutral to an outperform rating and raised the price target from 38 to 60 Wayfair is forecasted to grow sales in 2023 due to its advantaged marketplace model and willingness to spend on advertising Basham explained The company is also projected to reach break even EBITDA as early as 2Q23 and has a potential for mid single digit EBITDA margins in the medium term JPMorgan Chase JPMorgan Chase also sees a bright future for Wayfair noting that the company is well positioned to capitalize on the longer term shift of the home retail industry to online Christopher Horvers upgraded Wayfair to overweight and raised his price target to 63 from 35 Wayfair remains structurally relevant in the home retailing space noted Horvers The company s ability to implement 14 billion in cost cuts and continue to improve revenue trends each month in Q4 positions it for success in the coming quarters and beyond Price action Shares of Wayfair are trading 2289 higher to 5750 according to data from Benzinga Pro

The Turkish lira has been hit hard by the country’s economic policy ISTANBUL—Turkey’s central bank cut its key interest rate for a third consecutive month on Thursday intensifying an economic policy that has caused a collapse in the country’s currency The bank’s monetary policy committee said it cut its benchmark interest rate the one week repo rate by 15 percentage points to 105

Register now for FREE unlimited access to Reuterscom Register A home under construction stands behind a sold sign in a new development in York County South Carolina US February 29 2020 REUTERSLucas JacksonFile Photo WASHINGTON Sept 1Reuters US construction spending declined further in July as rising mortgage rates weighed on single family homebuilding offsetting a rebound in outlays on public projects The Commerce Department said on Thursday that construction spending fell 04 in July after decreasing 05 in June July s decline was in line with economists expectations Construction spending increased 85 on a year on year basis in July Spending on private construction projects dropped 08 after decreasing 07 in June Investment in residential construction tumbled 15 with spending on single family projects plunging 40 Outlays on multi family housing projects slipped 06 Rising mortgage rates have combined with higher home prices to reduce affordability especially for first time buyers putting a damper on the housing market Residential spending contracted at its steepest pace in two years in the second quarter That contributed to gross domestic product declining at an annualized rate of 06 last quarter after shrinking at a 16 pace in the January March quarter The Federal Reserve has hiked its policy rate by 225 basis points since March Investment in private non residential structures like gas and oil well drilling gained 04 in July Outlays on non residential structures have declined for five straight quarters Spending on public construction projects surged 15 after edging up 01 in June Investment in state and local government construction projects jumped 16 while federal government gained 01

Cresco Labs Inc CSECL OTCQXCRLBF FSE6CQ released its financial results for the quarter ended June 30 2022 revealing revenue of 218 million up 4 year over year Q2 2022 Financial Highlights Adjusted gross profit of 116 million or 53 of revenue an increase of 8 year over year excluding fair value mark up for acquired inventory and cost of goods sold adjustments for acquisitions and other non core costs Second quarter adjusted EBITDA of 51 million or 23 of revenue an increase of 11 year over year Retail revenue increased 22 year over year to 123 million or 25 million per average store open in the quarter same store sales increased 6 year over year Ended the quarter with 90 million of cash on hand On July 8 the Columbia Care OTCQXCCHWF shareholders approved the all stock acquisition by Cresco Labs and the company continues to work toward closing the transaction around year end Columbia Care financial results for Q2 show revenue growth of 181 as well as gross profit growth of 173 YoY We reported solid results in the face of an unprecedented macro environment We generated 218 million in revenue representing 4 year over year growth and maintained our industry position as the no 1 wholesaler of branded cannabis the no 1 branded product portfolio chosen by consumers and the no 1 most productive per store national retailer Importantly we accomplished these results while maintaining our adjusted gross margin at 53 and adjusted EBITDA margin of 23 in a market where prices fell between 10 30 depending on the state The Columbia Care transaction is proceeding as expected we re checking off milestone after milestone the divestiture and regulatory processes are on track and we continue to anticipate a closing around year end” stated Charles Bachtell CEO and co founder of Cresco Labs Photo by Richard T on Unsplash

CC Group PLC said Wednesday that it expects to return to operating profit in fiscal 2022 as it benefited from a robust performance driven by strong consumer demand The London listed alcoholic drink maker whose brands include ciders Magners and Bulmers and lager Tennent s said it currently expects to report an operating profit for the year ended Feb 28 in the range of 45 million euros to 47 million euros 493 million 515 million The company reported an operating loss of EUR848 million in the previous period CC said it has been affected by Covid related restrictions in the second half of the fiscal year but it had a positive performance since restrictions were eased on its core markets in January The company currently expects net debt to be around EUR263 million compared with EUR442 million the previous year driven by a reduction in net debt and improving business performance We are operating in an evolving inflationary cost environment however we are afforded a degree of protection through our successfully executed EUR18 million cost reduction plan our recent price increases and input cost hedging it said

The European Union s antitrust regulator has given its approval Monday to Microsoft Corporation s NASDAQMSFT proposed 687 billion acquisition of Activision Blizzard Inc NASDAQATVI The EU DecisionThe decision came after Microsoft made specific concessions aimed at addressing concerns regarding competition in the cloud gaming market These concessions ensure that rival companies would continue to have access to games developed by Activision including the immensely popular Call of Duty franchise See AlsoActivision Blizzard In Pannick Mode Taps Queen Elizabeth II s Former Lawyer For CMA Appeal The approval is conditional on full compliance with the commitments offered by Microsoft the European Commission stated The commitments fully address the competition concerns identified by the Commission and represent a significant improvement for cloud gaming as compared to the current situation Under the proposed remedies Microsoft offers a 10 year free license to European Economic Area consumers enabling them to stream all current and future Activision Blizzard PC and console games through their preferred cloud game streaming services This license extends to EEA based cloud game streaming providers allowing them to offer their users the ability to stream Activision Blizzard games What It Means For The Merger This news offers a glimmer of hope for the proposed deal after UK s Competition and Markets Authority blocked the acquisition on April 26 In a press release the regulator concluded The Commission s in depth market investigation indicated that Microsoft would not be able to harm rival consoles and rival multi game subscription services At the same time it confirmed that Microsoft could harm competition in the distribution of games via cloud game streaming services and that its position in the market for PC operating systems would be strengthened While the EU approval signals progress Microsoft still faces an arduous task of persuading other regulators and key competitors including Sony the US Federal Trade Commission FTCand the UK s CMA that its acquisition of Activision Blizzard will not hinder competition Read NextMicrosoft s Profitability At Risk With Call of Duty Exclusivity UK Regulator Focuses On Cloud Gaming Monopoly Image creditsAnton Vierietin and FellowNeko on Shutterstock

WE HAVE HAD FED COMMENTS PLENTY MORE COMING BEFORE WE GO INTO A BLACKOUT PERIOD WE HAVE HAD SIGNS OF STABILITY IN THE BANKING SECTOR STORY IN THE US ARE THESE THINGS GUIDING YOUR RISK APPETITE OR YOUR VIEWS ON TREASURIES YOUR BIG PICTURE MACRO POSITION AT THE MOMENT MARK THE BIGGEST THING FOR ME AT THE MOMENT IS THE IDEA THAT WE DO NOT HAVE SOME OF THE BIG RISK FACTORS MARCH WAS A MASSIVE CHALLENGE TO MANY PEOPLE S NARRATIVE FOR GLOBAL MOVES WITH THE BOOK BANKING TURMOIL BUT WE ARE NOT EXPECTING TO GET THE BANKING TURMOIL BUT WE ARE NOT EXPECTING TO GET SOME SHOCK IN POLICY MOVES WE ARE DEBATING WHAT HAPPENS AFTER MAY FROM THE FED WE KNOW WHAT MOST CENTRAL BANK MEETINGS WILL DO AND IT IS NO LONGER A TOP OF DOING 75 BASIS POINTS 1 OR NOTHING SO WE HAVE NARROWED THE RANGE OF POSSIBILITIES FROM POLICYMAKERS IN THE SHORT TERM BECAUSE OF THAT I HAVE BEEN BULLISH ON STOCKS GENERALLY GLOBALLY THAT BULLISHNESS IS BIGGER LONG TERM BUT I HAVE BEEN CYNICAL FOR US STOCKS FOR A LONG PERIOD OF TIME THROUGH GOOD AND BAD PERIODS I HAVE BEEN OF THE VIEW IN THE LAST YEAR OR SO THAT US STOCKS ARE STRUCTURALLY TOO EXPENSIVE FOR THE REST OF THE WORLD AND THEY WILL UNDERPERFORM I STILL HOLD THE VIEW THAT LONGER TERM US STOCKS WILL RETEST LAST YEAR S LOWS BUT EVEN US STOCKS CAN GET CARRIED AWAY BECAUSE THE MARKET IS TOO BURIED UP WITH CAPITAL RAISING ANNA WE WILL KEEP OUR EYES OPEN TO SEE IF WE GET NEGATIVE CATALYSTS AND WITH ALL OF THAT IN MIND WE WILL HAVE CONVERSATIONS ABOUT WHERE THE FED GOES JANE FOLEY JOINS US SHORTLY TO DO JUST THAT IT IS INTERESTING TO SEE THE EXTENT IN WHICH COMMODITIES HAVE BEEN BUILDING THEIR FOCUS WE ARE STARTING TO SEE THAT SPILL INTO OTHER ASSET CLASSES LIKE FX MARK THAT HAS BEEN PART OF THE POSITIVE EM NARRATIVE WE ARE SEEING THE AUSTRALIAN DOLLAR REBOUND NICELY IN RECENT WEEKS SO ANOTHER MAJOR EXPORT COMMODITIES AREA THE HOUSING MARKET HAS BEEN DOING OK SO AGAIN IT IS THESE COMMODITIES EXPORTING FX CURRENCIES THAT ARE DOING WELL AND YOU ARE SEEING COMMODITY IMPORTERS SUFFERING AGAIN RINGS LIKE THE YEN IT WAS THREE MONTHS AGO THAT THE WORLD WAS VERY CONDENSED AND THE BEARISH DOLLAR YEN WAS THE MOST NO BRAINER TRADE FOR THE WORLD IT WAS IN LATE DECEMBER AND EARLY JANUARY THAT WE WERE BREAKING BELOW 130 HAD A FEW FLIRTATIONS WITH A BREAKDOWN BUT THERE HAS BEEN NO SIGN OF THAT WE HAVE HAD A CHANGE OF GOVERNMENT AND THERE IS NO SIGN THAT POLICY WILL CHANGE SOON IN JAPAN WHICH MEANS WE GO BACK TO THE LONG TERM FUNDAMENTALS JAPAN IS A LOW YIELD CURRENCY ITS CURRENT ACCOUNT IS SUFFERING AND US COMMODITIES ARE FEEDING INTO THE REST OF THE WORLD

Euro Hong Kong dollar US dollar Japanese yen pound and Chinese 100 yuan banknotes are seen in this picture illustration January 21 2016 REUTERSJason Lee SINGAPORE May 17 Reuters The dollar fought for a footing on Tuesday and the tumbling Chinese yuan found a floor as investors trimmed bets on whether US interest rate rises will drive further dollar gains The greenback has edged from a two decade high this week and was a touch softer across the board in early Asia trade while US bond yields have pulled back slightly as traders reckon aggressive near term hikes will drag on longer run US growth The euro rose about 01 on the dollar to 10446 and the Australian and New Zealand dollars lifted about 01 and are off multi year lows China s yuan was steady at 67953 per dollar in offshore trade and seems to be finding a base after sliding more than 6 in a month Hopes for an end to Shanghai s strict COVID 19 lockdown has offset poor April economic data and traders are also encouraged by more signs of policy support China cut mortgage rates for first home buyers over the weekend and on Monday sources told Reuters that authorities had asked some financially healthy property developers to sell bonds in order to help boost market sentiment read more DollarCNH has been a big driver of G10 currencies said Chris Weston head of research at brokerage Pepperstone in Melbourne referring to offshore yuan He added that a pause in its slide as well as a calming of markets volatility generally has paused dollar gains for now A lot has been priced in and we re not getting any new news from Fed officials he said I think people are just taking some of that money off the table at the moment Sterling has bounced about 15 from a two year hold and was steady at 12328 on Tuesday The yen held at 129115 and is holding above a two decade trough The US dollar index dipped marginally to 104100 and is about 08 below Friday s 20 year peak of 105100 Global interest rate expectations are also growing more hawkish The gap between 10 year German and US real yields has narrowed by more than 30 basis points this month and central banks in Britain and Australia have raised rates Minutes from the Reserve Bank of Australia s May meeting are due later in the day as are public appearances from several Federal Reserve officials including Chairman Jerome Powell at 1800 GMT The Australian dollar last bought 06976 and the New Zealand dollar 06309

iShares iBoxx High Yield Corporate Bond ETF NYSEHYG is the ETF that tracks high yield bonds On CNBC’s Options Action Mike Khouw of Optimize Advisors said puts were outpacing calls by over 2 to 1on HYG Corporate Bond ETF on Monday Don’t forget to check out our premarket coverage here There was a buyer of 15000 of the April 7269 put spreads at an average price of 041 per contract Khouw mentioned The trader expects HYG Corporate Bond ETF retesting pandemic lows by April expiration Price Action HYG Corporate Bond ETF gained 067 to close at 7467 on Monday Check This Out Wall Street s Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High Dividend Yields

If history is any guide there may be trouble ahead for shares of Charles River NYSECRL A so called death cross has formed on its chart and not surprisingly this could be bearish 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 death cross occurs when the 50 day moves below the 200 day This could mean the long term trend is changing That just happened with Charles River which is trading around 20361 at publication time Remember Seasoned investors don t blindly trade Death Crosses Instead they use it as a signal to start looking for short 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 short positions With that in mind take a look at Charles River s past and upcoming earnings expectations Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022 EPS Estimate 275 250 274 271 EPS Actual 298 263 277 275 Revenue Estimate 104B 97037M 99491M 91010M Revenue Actual 110B 98916M 97313M 91393M Also consider this overview of Charles River analyst ratings Do you use the Death 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

US stocks traded mixed with the Dow Jones gaining around 100 points on Thursday Here are some big stocks recording gains in today’s session Desktop Metal Inc NYSEDM shares rose 23 to 18550 after the company reported better than expected Q4 sales results and issued guidance Frontdoor Inc NASDAQFTDR shares gained 168 to 3267 after the company posted Q4 results Advantage Solutions Inc NASDAQADV surged 159 to 25850 following strong quarterly sales Gaotu Techedu Inc NYSEGOTU gained 146 to 399 Gaotu Techedu recently registered 506 year over year decline in Q4 revenue Summit Therapeutics Inc NASDAQSMMT jumped 142 to 208 Macy s Inc NYSEM jumped 133 to 2315 after the company reported better than expected Q4 adjusted EPS and sales results and issued guidance Okta Inc NASDAQOKTA shares surged 132 to 8084 after the company reported better than expected Q4 results and issued strong guidance Sprouts Farmers Market Inc NASDAQSFM gained 122 to 3456 following better than expected quarterly results Stagwell Inc NASDAQSTGW climbed 12 to 761 following upbeat quarterly results Salesforce Inc NYSECRM jumped 115 to 18664 after the company reported better than expected Q4 results and issued strong guidance Bright Health Group Inc NASDAQBHG shares surged 111 to 056 Bright Health Group shares dropped 42 on Wednesday after the company reported Q4 financial results Certara Inc NASDAQCERT jumped 101 to 2031 following strong quarterly results Zuora Inc NYSEZUO rose 101 to 903 following Q4 results Big Lots Inc NYSEBIG gained 98 to 1508 after the company posted a narrower than expected quarterly loss Natural Resource Partners LP NYSENRP gained 92 to 6225 following Q4 results Semantix Inc NASDAQSTIX gained 83 to 416 CRH plc NYSECRH gained 82 to 5135 Redburn Partners recently upgraded the stock from Neutral to Buy Check This Out Bitcoin Ethereum Move Higher ssvnetwork Becomes Top Loser

China cautioned against a frenzy around the technology stocks after ChatGPT s growing popularity led to soaring share prices of China’s artificial intelligence AI stocks What Happened The Securities Times in a front page editorial highlighted several technological concepts that previously spurred stock buying in China and the excitement for which has died down reported Reuters The state backed media said that though some hotly chased concepts have been successful “many more new ideas haven’t been commercialized or require more time to prove” See Also Benzinga Asks ChatGPT About Its Position As The 1 Place For Investing Here’s What The Chatbot Told Us “However some people avidly speculate on fake concepts luring others into schemes of pumps and dumps Investors eventually end up in tears so they should not follow” Investors chasing local ChatGPT concept stocks caught regulators’ attention after Beijing Haitian Ruisheng Science Technology Ltd shares soared as much as 217 this year At the same time Hanwang Technology Co Ltd rose as much as 129 CloudWalk Technology Co Ltd was up 128 and TRS Information Technology Co Ltd gained 66 After the state media s warning Chinese stocks retreated on Thursday The Chinese companies developing ChatGPT like concepts also flagged risks at the regulator’s request after their stock prices shot up amid intense interest Beijing Haitian Ruisheng Science Technology said its AI product and services do not yet generate revenue and clarified that it has no relationship with OpenAI Meanwhile China s Baidu Inc NASDAQBIDU said its AI powered service Ernie Bot‘s internal testing will complete in March Check out more of Benzinga’s Europe and Asia coverage byfollowingthis link

Someone with a lot of money to spend has taken a bullish stance on Morgan Stanley NYSEMS 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 MS 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 12 uncommon options trades for Morgan Stanley This isn t normal The overall sentiment of these big money traders is split between 50 bullish and 50 bearish Out of all of the special options we uncovered 5 are puts for a total amount of 1010634 and 7 are calls for a total amount of 259455 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 1000 for Morgan Stanley 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 Morgan Stanley 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 Morgan Stanley s whale trades within a strike price range from 750 to 1000 in the last 30 days Morgan Stanley 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 MS PUT TRADE BEARISH 012023 8750 7500K 40K 11K MS PUT TRADE BULLISH 061623 8000 1370K 44K 250 MS CALL SWEEP NEUTRAL 091622 8500 691K 66K 373 MS PUT SWEEP BEARISH 031723 9000 592K 32 62 MS CALL TRADE BULLISH 080522 7500 439K 58 0 Where Is Morgan Stanley Standing Right Now With a volume of 3071908 the price of MS is up 086 at 8609 RSI indicators hint that the underlying stock may be overbought Next earnings are expected to be released in 69 days What The Experts Say On Morgan Stanley BMO Capital has decided to maintain their Outperform rating on Morgan Stanley which currently sits at a price target of 99 Barclays has decided to maintain their Overweight rating on Morgan Stanley which currently sits at a price target of 108 Oppenheimer has decided to maintain their Outperform rating on Morgan Stanley which currently sits at a price target of 93 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 Morgan Stanley Benzinga Pro gives you real time options trades alerts

Renowned economist Mohamed A El Erian expressed that he is “puzzled” over Fitch Ratings’ unexpected downgrade of the US sovereign credit rating from AAA to AA El Erian anticipates that many economists and market analysts will share his confusion over the timing and reasons behind this decision What Happened The economist questioned the timing and the reasons cited by the rating agency in his tweet El Erian’s tweet suggests that the downgrade is more likely to be dismissed than to have a lasting disruptive impact on the US economy and markets “Overall this announcement is much more likely to be dismissed than have a lasting disruptive impact on the US Economy and Markets” he wrote In a strange move Fitch just downgraded the US sovereign ratings from AAA to AA with a stable outlookThe rating agency s justification is set out in this statement link belowI am very puzzled by many aspects of this announcement as well as by the timingI suspect I…— Mohamed A El Erian elerianm August 1 2023 See Also ‘Rich Dad Poor Dad’ Author Says Brace For Crash Landing As Fitch Downgrades US Credit Why It Matters Fitch Ratings justified the downgrade by citing several factors such as expected fiscal deterioration over the next three years a high and growing general government debt burden and erosion of governance This is also the second time a major rating agency has stripped the US of its triple A rating the first time beingSPin 2011 Read Next Paul Krugman Wants To Know ‘Inside Story’ As Fitch Downgrades US Credit Rating ‘Strange Decision…I ll Be Shocked If Markets React’ Image by William Barton On Shutterstockcom Engineered by Benzinga Neuro Edited by Pooja Rajkumari The GPT 4 Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem including native data APIs and more to create comprehensive and timely stories for you Learn more

International stocks trading in New York closed higher on Monday The SPBNY Mellon index of American depositary receipts edged up 06 to 13079 The European index ticked up 01 to 12221 The Asian index moved up 09 to 15771 The Latin American index gained 33 to 18608 while the emerging markets index advanced 15 to 27318 ABB Ltd was among those whose ADRs traded actively The Swiss technology company rose 1 after it said it will acquire RCP s PowerTech Converter business for an undisclosed sum which it expects to complete in the fourth quarter AngloGold Ashanti Ltd rose 19 after precious metals producer Coeur Mining Inc agreed to sell about 35500 acres in South Nevada to a subsidiary of the gold mining company for as much as 200 million based on the amount of gold found

Fentanyl an opioid used as a pain medication is considered dangerous addictive and one of the reasons why rates of drug overdose deaths are skyrocketing According to CDC data overdose deaths caused by synthetic opioids other than methadone including fentanyl and fentanyl analogs increased by over 56 from 2019 to 2020 Most recent overdose death counts show an additional increase in overdose deaths during the COVID 19 pandemic resulting in 200 daily deaths— the highest levels ever recorded according to federal officials See Also DEA s Alarming Fentanyl Seizure Nevada s Nearly 1B In Sales Oregon Raids Yield Hefty Fines More Moreover the National Institute on Drug Abuse’s data showed that more than 107000 people nationwide died from a drug overdose in 2021 Rahul Gupta the director of the White House Office of National Drug Control Policy said earlier this year that official data shows “we must do more to lower the number of overdoses” With the holiday season just around the corner many will be experiencing specific stressors that can take an emotional and physical toll Moreover other sad statistics from CDC suggest that the most dangerous months for drug and alcohol related deaths are December and January Luckily first responders are now armed with a new overdose reversal drug that has been proven quite a more powerful tool for fentanyl overdoses than Narcan a naloxone product that The Food and Drug Administration recently approved for sale without a prescription More Powerful Tool Dubbed ZIMHI a naloxone HCL injection offers the highest dose of naloxone available as an intramuscular injection to quickly get it into the blood The 5 mg05 mL product developed by Adamis Pharmaceuticals Corporation was FDA approved in October 2021 and represents another naloxone option in the fentanyl crisis It can be used on the fly rapidly pulling off the cap and inserting the needle into the thigh The new powerful tool is expected to help with fentanyl overdoses per News4JAX “Fentanyl over the past year they’ve come up with different strands of it to where it’s almost 100 times stronger than what the fentanyl was a year ago” explained Chris Chodkowski a trauma therapist Photo Randy Laybourne on Unsplash

Maple Finance has severed ties with Orthogonal Trading which claimed to be “operating while effectively insolvent” Turns out Orthogonal had accrued obligations of more than 30 million According to M11 Credit and Maple Finance Orthogonal Trading had misrepresented its financial situation to M11 Credit s pool during the previous four weeks before announcing on Saturday that it was unable to make loan repayments See AlsoDEX Token GMX Jumps 26 In A Month As FTX Collapse Triggers Interest In Decentralized Exchanges “Misrepresentation like this is in violation of Maple’s agreements and all appropriate legal avenues to recover funds will be pursued including arbitration or litigation as necessary Maple Finance recently stated Four loans in the M11 Credit USDC pool total 31 million in Orthogonal Trading s current liabilities According to Maple M11 Credit has restructured the credit book and canceled numerous loans early Orthogonal Credit which operates as a different entity from Orthogonal Trading said that it was unaware of the latter s misrepresentation of its exposure to FTX and its inability to pay back a loan from the pool that was due on Sunday “Orthogonal Credit has no insight to or influence over the market making and trading activities undertaken by the trading business” the firm wrote “In light of this development the credit team is actively seeking strategic solutions to continue to provide credit as a service across self custodial decentralized finance protocols” it added According to its website Maple which was established in May 2021 provided 1 billion in loans in its first 10 months and currently has a credit portfolio of more than 19 billion At this point deposits total about 125 million The third institutional lending pool that crypto investment firm M11 Credit has launched on Maple for a total of 40 million was announced for debut in August Despite its name the Orthogonal Trading USDC01 pool maintained by Orthogonal Credit does not include loans to the company s trading arm In a blog post on Monday Orthogonal Credit stated that the USDC01 pool s assets are safeguarded by Maple s smart contract infrastructure and are distinct from Orthogonal Trading Three loans from the pool are now being made to Portofino Technologies AG a Swiss company that develops financial infrastructure technologies Wintermute Trading Limited and Reliz Ltd a Maltese marketing firm “We do not anticipate any impact to lenders in the pool as all loans remain active with no current signs of distress” according to Orthogonal Credit “Loan repayments will be made over the coming months with all available cash being used to facilitate withdrawal requests from the pool” FTX Collapse Continues To Cause Ripples Two days before FTX declared bankruptcy on Nov 9 Maple indicated that borrower exposure to FTX and its native token CRYPTO FTT was limited A week later Maple stated that while the previous six months had stress tested platform borrowers many of them still had adequate capital and were resilient to shocks The company at the time stated Maple and delegates anticipate that borrowers will service their loans as expected NextChainlink Launches Staking Protocol On ETH Mainnet

Someone with a lot of money to spend has taken a bullish stance on Salesforce NYSECRM 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 CRM 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 Salesforce This isn t normal The overall sentiment of these big money traders is split between 57 bullish and 42 bearish Out of all of the special options we uncovered 9 are puts for a total amount of 416160 and 5 are calls for a total amount of 364700 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 1300 to 2000 for Salesforce over the last 3 months Volume Open Interest Development In terms of liquidity and interest the mean open interest for Salesforce options trades today is 172762 with a total volume of 119600 In the following chart we are able to follow the development of volume and open interest of call and put options for Salesforce s big money trades within a strike price range of 1300 to 2000 over the last 30 days Salesforce 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 CRM CALL SWEEP BULLISH 012023 15000 2526K 48K 824 CRM PUT TRADE BEARISH 011924 20000 542K 15K 14 CRM PUT TRADE BULLISH 011924 20000 542K 15K 34 CRM PUT TRADE BULLISH 011924 20000 542K 15K 24 CRM PUT TRADE BEARISH 011924 20000 540K 15K 64 Where Is Salesforce Standing Right Now With a volume of 575782 the price of CRM is up 071 at 14814 RSI indicators hint that the underlying stock may be approaching overbought Next earnings are expected to be released in 49 days What The Experts Say On Salesforce Morgan Stanley has decided to maintain their Overweight rating on Salesforce which currently sits at a price target of 228 Piper Sandler has decided to maintain their Overweight rating on Salesforce which currently sits at a price target of 171 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 Salesforce Benzinga Pro gives you real time options trades alerts

The SP 500 settled higher on Monday after UBS AG NYSEUBS stepped into buying Credit Suisse Group Inc NYSECS for 32 billion US listed shares of Credit Suisse jumped 53 while UBS Group shares added over 3 on Monday The SP Banking index gained 06 while the KBW Regional Banking index climbed 15 on Monday after recording big losses last week The Federal Reserve is scheduled to conclude a two day policy meeting on Wednesday with markets expecting a 25 basis point increase All the major sectors on the SP 500 closed on a positive note with energy and materials stocks recording the biggest gains on Monday The Nasdaq 100 gained 034 to close at 1256261 on Monday amid gains in shares of Tesla Inc NASDAQTSLA and Apple Inc NASDAQAAPL The SP 500 gained 089 while the Dow Jones added 120 to 3224458 in the previous session The Chicago Board Options Exchange s CBOE Volatility Index VIX dropped 71 to 2371 points What is CBOE Volatility Index The CBOE Volatility Index popularly known as VIX is a measure of the equity market s expectation of volatility based on SP 500 index call and put options Read Next Nike Tencent Music Entertainment And 3 Stocks To Watch Heading Into Tuesday

Billionaire investorMark Cubanhas strong opinions about high value real estate purchases taking place on decentralized blockchains What HappenedIn arecent interviewwith Altcoin Daily Cuban described the act of buying land in the metaverse as “super mega immaculately dumb” The Shark Tank investor agreed with Altcoin Daily’s Aaron Arnold likening the term metaverse to the term cyberspace in the nineties “The worst part is people are buying real estate in these places I mean that’s just the dumbest sht ever” said Cuban “It’s not even as good as a URL or ENS because there’s unlimited volumes that you can create” Without mentioning any specific crypto projects Cuban said he would be less averse to metaverse real estate offerings once they have a community in place because they can find places with perceived value based on how the community works “But beforehand based on a traditional real estate model Dumbest mother fuking shit ever” Earlier this year Curzio Research paid 5 million to acquire a piece of virtual land in the TCG World metaverse This sale outpaced the previous record held byThe SandboxCRYPTO SAND metaverse where a single plot of land sold for 43 million Price ActionThe crypto market saw a 28 increase to 112 trillion over the last 24 hoursBitcoinCRYPTO BTC was trading at 23727 up 314 over 24 hours andEthereumCRYPTO ETH was trading at 1732 up 281 over the same period Read NextMark Cuban Dogecoin DOGE Has More Applications Than Cardano ADA

China s foreign exchange reserves fell for a second straight month in September amid US dollar strength The country s hoard of foreign exchange stood at 3029 trillion at the end of September down 259 billion from a month earlier according to data released by the People s Bank of China on Friday Economists had expected China s forex reserves at 2995 trillion at the end of September given pressure from capital outflow via the stock market and the US dollar strengthening against other major currencies according to a poll by The Wall Street Journal Due to the combined effects of exchange rate changes and a decline in global asset prices forex reserves decreased in September said Wang Chunying deputy head of China s forex regulator in a statement The instability and uncertainty factors of the global economy have significantly increased and fluctuations in the international financial markets have intensified Ms Wang added in the statement

The stock market moved sharply lower on Thursday reversing all of its gains from the previous session when the Federal Reserve raised interest rates by a half percentage point as volatility remains elevated and investors continue to worry about risks to economic growth Stocks plunged The Dow Jones Industrial Average was down 25 over 800 points while the SP 500 lost roughly 3 and the tech heavy Nasdaq Composite over 4 Thursday’s declines reversed all of the market’s gains from a day earlier when investors cheered a widely anticipated half percentage point interest rate hike from the Federal Reserve—the largest increase in over two decades Despite the Fed’s big announcement stocks were back down again as investors continued to dump shares of tech companies which have been especially hard hit amid the wider market sell off so far this year Several e commerce companies saw shares fall after disappointing first quarter earnings on Thursday weighing on market sentiment eBay lost nearly 9 Etsy 14 and Shopify 17 Shares of Big Tech companies were also moving sharply lower with Amazon and Facebook parent Meta both falling over 6 while Microsoft lost over 4 Government bond yields were on the rise amid the heightened uncertainty with the 10 year Treasury note once again trading above 3—its highest level since 2018 Stocks had surged higher on Wednesday following the Federal Reserve’s rate hike The Dow Jones Industrial Average rose 28 over 900 points while the SP 500 gained 3 and the tech heavy Nasdaq Composite 32 Recent market moves have been extremely choppy with equities still recovering from a brutal sell off in April The Dow and SP 500 both recorded their worst months since March 2020 down 49 and 88 respectively while the Nasdaq posted its worst month since 2008 falling over 13 Many analysts have warned of rising recession risks as the Federal Reserve will likely have a tough time aggressively raising interest rates without hurting economic growth “There s a real battle going on between dip buyers and those that believe there is more downside to come” says Chris Zaccarelli chief investment officer at Independent Advisor Alliance He believes that markets are in a “difficult period” and that there is “still more downside ahead later this year” though bear market rallies can be “sharp and vicious for those left behind” What To Watch For The latest move from the central bank on Wednesday “confirms the base case scenario that the markets incorrectly priced in huge aggressive Fed action this year” says Jeffrey Roach chief economist for LPL Financial Though the Fed said it is “prepared to adjust policy” as needed “inflation risks linger from the Russian invasion and China’s extreme COVID lockdowns” Roach adds Stocks Could Plunge Another 15 After Fed Spurred Selloff—Will The Economy Fall Into Recession Forbes

Industrial production in the US decreased in June for the first time in six months dragged by a decline in output in the key manufacturing sector Industrial production which includes factory mining and utility output fell 02 in June compared with the previous month the first monthly contraction registered this year according to data from the Federal Reserve published Friday Economists polled by The Wall Street Journal expected industrial output to be unchanged from the previous month May s industrial production flatlined compared with an initial estimate of a 02 increase Despite June s decline industrial production increased at an annualized rate of 61 in the second quarter the Fed said Manufacturing output the biggest component of industrial production fell for a second consecutive month in a sign that activity in US factories remained under pressure Factory output declined 05 on month with decreases for durable and nondurable manufacturing of 03 and 08 respectively Production of motor vehicles and parts declined 15 on month The US manufacturing sector has remained resilient this year despite the supply chain bottlenecks and increasing costs that have weighed on factory activity for some time Manufacturing activity is expected to slowdown in the coming months as demand weakens but the record amount of backlogged orders should support activity as firms are increasingly able to source materials and hire workers economists say Mining output increased 17 in June boosted by high petroleum and gas prices while utilities output fell 14 on month the Fed said Capacity utilization which reflects how much industries are producing compared with what they could potentially produce decreased to 800 in June Capacity utilization for the manufacturing sector fell to 793

Consumers are already feeling pinched at the pump with gas prices at record levels and it could be about to get worse according to JPMorgan The firm forecasts the national average surging above 6 come August topping out at 620 for a gallon of regular gasoline If these prices come to fruition JPMorgan said it would pose significant upside risks to the firm s inflation forecast The national average for a gallon of gas hit 4593 on Friday according to AAA a record Prices are up 48 cents over the last month and 155 higher than a year ago All 50 states now have an average above 4 and California s statewide average is now above 6 per gallon With expectations of strong driving demand traditionally the US summer driving season starts on Memorial Day which lands this year on May 30 and lasts until Labor Day in early September US retail price could surge another 37 by August to a 620gal national average JPMorgan said Tuesday in a note to clients The surge in oil prices is the primary factor driving gasoline s jump although it s not the only factor Taxes and marketing costs also influence prices West Texas Intermediate crude futures the US oil benchmark traded around 112 per barrel on Friday bringing the year to date gain to roughly 50 Russia s invasion of Ukraine has roiled global energy markets but crude was already climbing prior to the war Producers cut output during the pandemic when demand for petroleum products fell off a cliff and that followed years of underinvestment in the sector due to poor returns and depleted commodity prices Now demand has rebounded while supply has remained constrained which has pushed up prices Rapidly rising energy costs are a major contributor to the decades high inflation readings seen across the economy Government data released Wednesday showed that in the week ending Mary 13 gasoline inventories declined by 48 million barrels All told inventory is roughly 8 below the five year average for this time of year the US Energy Information Administration said Inventory typically builds during the spring months in anticipation of the busy summer driving season But the US refining capacity has declined and with Russia s petroleum products shunned the world is now competing for refined products JPMorgan noted that gasoline stockpiles on the East Coast are now at the lowest since 2011 The firm said that higher than normal exports is playing a large role If exports persist at this elevated pace and refinery runs—already near the top of the range for reasonable utilization rates—fall within our expectations gasoline inventories could continue to draw to levels well below 2008 lows and retail gasoline prices could climb to 6gal or even higher the firm said CNBC s Michael Bloom contributed reporting

Someone with a lot of money to spend has taken a bearish stance on ASML Holding NASDAQASML 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 ASML 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 22 uncommon options trades for ASML Holding This isn t normal The overall sentiment of these big money traders is split between 36 bullish and 63 bearish Out of all of the special options we uncovered 9 are puts for a total amount of 821568 and 13 are calls for a total amount of 894219 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 3700 to 7600 for ASML Holding 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 ASML 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 ASML Holding s whale activity within a strike price range from 3700 to 7600 in the last 30 days ASML Holding 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 ASML PUT SWEEP BULLISH 042123 64500 2158K 18 76 ASML PUT TRADE BEARISH 072123 67000 1630K 39 26 ASML CALL TRADE BULLISH 072123 66000 1489K 69 26 ASML CALL TRADE BEARISH 061623 65000 1380K 344 26 ASML PUT SWEEP BEARISH 051923 64000 1167K 8 30 Where Is ASML Holding Standing Right Now With a volume of 249411 the price of ASML is down 242 at 64809 RSI indicators hint that the underlying stock may be approaching overbought Next earnings are expected to be released in 26 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 ASML Holding Benzinga Pro gives you real time options trades alerts

Marc Beginin launched Prodigy Processing Solutions a cannabis and hemp extraction equipment company The launch comes after the high profile sale of his previous company Precision Extraction Solutions to Agrify Corporation NASDAQAGFY in 2021 for a sum exceeding 50 million Beginin strategically utilized the funds from the Precision Extraction acquisition to spearhead Prodigy With Prodigy we re pushing the boundaries of what s possible in cannabis and hemp extraction stated Beginin CEO of Prodigy Processing Solutions We ve assembledan all star team that delivers state of the art equipment and comprehensive solutions that set new standards in the industry According to the company its flagship product the ProX was designed to deliver processing speeds user friendly operation and maximum return on investment for its customers Prodigy s machinery is manufactured in the US utilizing pharmaceutical grade 316L stainless steel shielding customers from supply chain disruptions while prioritizing operator and consumer safety The ProX represents an unparalleled leap forward in cannabis extraction technology setting a new benchmark for efficiency speed and quality securing its place as the new gold standard in cannabis and hemp extraction added Beginin Benzinga Cannabis Capital Conference 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 by Richard T on Unsplash

SINGAPORE Jan 26 Reuters Asian equities rose to a fresh seven month high on Thursday with Hong Kong shares playing catch up to other markets gains as trade resumed after its three day Lunar New Holiday MSCI s broadest index of Asia Pacific shares outside Japan MIAPJ0000PUS climbed 056 to 55581 Hong Kong s Hang Seng index HSI was 16 higher Trading was thin on Thursday with Australia closed for a holiday and certain parts of Asia including China still away for the Lunar New Year Traders betting that the US Federal will soon tone down its aggressive rate hike policy got a lift after the Bank of Canada on Wednesday became the first major central bank to say it would likely hold off on further increases for now After a series of super sized rate hikes last year the US central bank is now largely expected to raise rates by a smaller 25 basis points next week on signs that inflation is cooling The US GDP release today will be of key interest to gauge whether the market expectations shifting in favour of a soft landing rather than a recession can continue to hold Saxo strategists said in a note to clients The prospect of a less aggressive pace in monetary tightening has stoked expectations of a so called soft landing a scenario in which inflation eases against a backdrop of weakening but resilient economic growth But weak corporate earnings so far have revived worries over the economic impact of the Fed s restrictive policy and the SP 500 SPX ended lower overnight Boeing Co BAN on Wednesday reported a wider loss for 2022 on weakness in its defense unit as it warned of further supply chain issues with the US planemaker missing Wall Street expectations on revenue and earnings per share in the final quarter of the year read more Investor attention will also be on the Bank of England and European Central Bank meetings due next week with traders looking for clues as to when the central banks are likely to turn dovish In the currency market the dollar index which measures the US currency against six major rivals was at 10157 not far off the eight month low of 10151 it touched last week The Japanese yen strengthened 032 to 12919 per dollar while sterling was last trading at 12407 up 006 on the day The yield on 10 year Treasury notes was down 17 basis points at 3445 while the yield on the 30 year Treasury bond was down 22 basis points at 3602 A closely watched part of the US Treasury yield curve measuring the gap between yields on two and 10 year Treasury notes seen as an indicator of economic expectations was at 688 basis points The inversion of this curve has predicted eight of the last nine recessions analysts have said The two year US Treasury yield which typically moves in step with interest rate expectations was down 06 basis points at 4131 Oil prices were up as US crude stocks rose less than expected with US West Texas Intermediate WTI crude rising 042 to 8049 per barrel and Brent at 8624 up 014 on the day Gold prices hit a nine month high on Thursday with spot gold flat at 194673 per ounce after hitting its highest level since April 2022

Someone with a lot of money to spend has taken a bullish stance on UnitedHealth Group NYSEUNHAnd retail traders should knowWe noticed this today when the big position showed up on publicly available options history that we track here at BenzingaWhether this is an institution or just a wealthy individual we don t know But when something this big happens with UNH it often means somebody knows something is about to happenSo how do we know what this whale just did Today Benzinga s options scanner spotted 21 uncommon options trades for UnitedHealth GroupThis isn t normalThe overall sentiment of these big money traders is split between 52 bullish and 47 bearishOut of all of the special options we uncovered 5 are puts for a total amount of 162640 and 16 are calls for a total amount of 1122046What 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 3000 to 6000 for UnitedHealth Group over the last 3 months Volume Open Interest DevelopmentLooking at the volume and open interest is an insightful way to conduct due diligence on a stockThis data can help you track the liquidity and interest for UnitedHealth Group s options for a given strike priceBelow we can observe the evolution of the volume and open interest of calls and puts respectively for all of UnitedHealth Group s whale activity within a strike price range from 3000 to 6000 in the last 30 days UnitedHealth Group Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted SymbolPUTCALLTrade TypeSentimentExp DateStrike PriceTotal Trade PriceOpen InterestVolume UNHCALLSWEEPBEARISH111822510002523K25K104 UNHCALLSWEEPBULLISH111822510001253K25K54 UNHCALLTRADEBULLISH012023560001087K30K48 UNHCALLSWEEPBEARISH11112255500960K251146 UNHCALLTRADEBULLISH01192445000879K1590 Where Is UnitedHealth Group Standing Right Now With a volume of 923317 the price of UNH is up 091 at 55626 RSI indicators hint that the underlying stock may be approaching overboughtNext earnings are expected to be released in 79 days What The Experts Say On UnitedHealth Group RBC Capital has decided to maintain their Outperform rating on UnitedHealth Group which currently sits at a price target of 592 Deutsche Bank has decided to maintain their Buy rating on UnitedHealth Group which currently sits at a price target of 615 Raymond James has decided to maintain their Strong Buy rating on UnitedHealth Group which currently sits at a price target of 615 Credit Suisse has decided to maintain their Outperform rating on UnitedHealth Group which currently sits at a price target of 590 SVB Leerink has decided to maintain their Outperform rating on UnitedHealth Group which currently sits at a price target of 618 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 UnitedHealth Group Benzinga Pro gives you real time options trades alerts

Harley Davidson IncNYSEHOG reportedfirst quarter FY23 HDMC sales growth of 21year on year to 156 billion beating the consensus of 136 billion Harley Davidson Motor Company HDMC revenue growth was driven by increased wholesale shipments and continued global pricing realization Consolidated revenue was up 20 in the first quarter driven by HDMC revenue growth of 21 and HDFS revenue growth of 16 HOG s EPS of 204 beat the consensus of 139 Gross profit margin in HDMC expanded 420 basis points YY at 358 Operating income in HDMC was 336 million with the operating margin growing 460 basis points to 216 Consolidated operating income for the quarter increased 28 to 370 million with an operating margin of 207 Harley Davidson generated 467 million in cash from operating activities in the quarter It held cash and equivalents of 16 billion as of March 31 2023 Harley Davidson delivered a solid start to the year with consolidated first quarter revenue up 20 driven by HDMC reflecting the progress we continue to make in advancing our Hardwire strategic plan said Jochen Zeitz Chairman and CEO Harley Davidson Outlook Harley Davidson reaffirms FY23 HDMC revenue growth outlook of 4 7 HOG anticipates FY23 capital investments of 225 million 250 million Price ActionHOG shares are trading lower by 225 at 3606 on the last check Thursday

Oil futures sold off again on Wednesday on track for a third day in the red as fears about waning demand in China continued to weigh on prices West Texas Intermediate crude for December CL00 CL1 delivery fell 135 or 15 to 8669 a barrel on the New York Mercantile Exchange after falling 4 during the first two trading days of the week January Brent crude BRNF23 the global benchmark was down 144 or 16 to 9115 a barrel on ICE Futures Europe Back on Nymex December gasoline RBZ22 f ell 23 to 251 a gallon while December heating oil HOZ22 lost 19 at 369 a gallon Oil and gas prices have declined in recent sessions despite an OPEC output target cut and hopes for less restrictive COVID 19 measures in China So far Beijing has shown no signs of loosening COVID related restriction which has weighed on energy prices said Craig Erlam senior market analyst at OANDA China’s consumer inflation eased in October while factory gate prices fell from a year ago for the first time in nearly two years reflecting weakening domestic demand as the economy cooled further API data on Tuesday showed an increase in US inventories but investors will now be looking to see if the increase is confirmed by an inventory report from the Energy Information Administration On average analysts expect the EIA report to show supply declines of 700000 barrels for crude 12 million barrels for gasoline and 900000 barrels for distillates according to a survey conducted by SP Global Commodity Insights as MarketWatch reported on Tuesday

The US Food and Drug Administration has not given up on regulating CBD and hemp derived products in a way that would be safe for consumers and producers Last week the administration held a virtual panel“A New Way Forward for Cannabidiol and Other Hemp Products” forstakeholdersreportedCannabis Wire The panel came some four months after the FDA stated thatit will not regulate CBD as a food and dietary supplement ingredient and that it intends to collaborate with Congress to establish safeguards and oversight to manage and minimize risksrelated to CBD products Challenge Of Regulating CBD The new panel withPatrick Cournoyer senior science adviser in charge of the FDA sCannabis Product Committee addressedthe causes that led to the previous statement The administration is now reiterating its intention to work on a “harm reduction approach rather than what is essentially a harm elimination approach” “We’re not talking about marijuana here or changing the federal status of marijuana through this work We’re simply talking about the products that were descheduled and were descheduled in a way that left them lacking an appropriate regulatory framework” Cournoyer said Norman Birenbaum a senior public health advisor was also involved in the panel’s question and answersection What is the legal status of hemp Under the 2018 Farm Bill hemp became legal and defined as containing 03 or less THC the compound that makes you high by dry weight Shortly thereafter the hemp or CBD industry kind of exploded CBD a different cannabinoid found both in cannabis and hemp is viewed as providing various health benefits But the hemp industry didn’t stop there it also started exploiting other cannabinoids like cannabigerol CBG cannabinol CBN and cannabichromene CBC At the same time cannabis is considered a Schedule 1 drug under federal law To make things more complicated theFDAapprovedJazz Pharmaceuticals NASDAQJAZZ Epidiolex which is aCBD based drug for treating children with severe forms of epilepsy Epidiolex wasinitiallyapproved for treating seizures connected to Lennox Gastaut and Dravet syndromesand in 2020for treating seizures related to tuberous sclerosis complex Under the Food Drug and Cosmetic Act it remains illegalto sell and advertise foodor dietary supplements that contain a drug approved for a medical indication making regulations for CBD products more complex and challenging Nonetheless CBD products are still widelysold from pharmaciestogas stations to online sites“It’s essentially a form of self medication that is motivating a lot of people to use CBD” Cournoyer said Panel Key Takeaways It’s up to Congress but the FDA is willing to collaborate on everything from CBD edibles to pet and delta 8 products CBD must meet safety standards for ingredients in food and supplements The FDA found “important safety concerns” with CBD’s potential to negatively affect the liver and male reproductive system and potential for drug interaction Other high concerns include regulating products that are high appealing to children Synthetic cannabinoids make “a serious public health issue and a solution is urgently needed” The administration is ready to work with Congres on it A potential new framework could contain a “basic degree of regulatory oversight” precise labeling standards CBD content limits and more In the meantime the administration plans to continue taking action against CBD producers that present “immediate risk” On several occasions the FDAsent warning lettersto variousCBD companies More details on the FDA sCBD regulationscan be found onCannabis Wire Related links FDA s Scarce CBD Regulations MO Weed Measures Cannabis In NJ Kratom s Legal Statues More FDA Funds Cannabis Study NIDA Confirms 5 Entities Seek 25M Contract To Supply Research Weed Photo Benzinga edit with images by IRAEVVA on Shutterstock and Zebulon Rogerson on Wikimedia Commons

Vertex Energy IncNASDAQVTNR shares went down following its first quarter results which was hit by a delay in its renewable diesel startup sequence due to a failure in the feedstock pumping system VTNR reportedfirst quarter FY23revenue of 69114 million compared to 7454 million a year ago missing the consensus of 75425 million EPS from continuing operations was 004 compared to 012 a year ago missing the consensus of 013 EPS was 068versus 008 last year Gross margin contracted by over 700 bps to 98 Vertex reported operating income of 2449 million compared to the loss recorded in 1Q22 Net cash used in operating activities from continuing operations expanded to 3665 million compared to 866 million in 1Q22 Adjusted EBITDA increased 1678 YY to 3488 million The margin was 51 down 1242 bps Mobile Refinery operational results were in line with guidance for throughput and capture rate at 71328 bpd and 51 respectively As of March 31 2023 VTNR held cash and equivalents of 951 million including restricted cash of 84 million Regretfully we are experiencing a delay in our renewable diesel startup sequence due to a failure in our feedstock pumping system However our team is focused on addressing known issues minimizing impacts and resuming startup sequencing following repair and reinstallation operations” stated Benjamin P Cowart President and CEO of Vertex 2Q23 OutlookVTNR expects Mobile Refinery Conventional Throughput Volume of 68 72 Mbpd It expects a capital expenditure of 30 million 35 million Price ActionVTNR shares are trading lower by 165 at 622 on the last check Tuesday

InterCure Ltd NASDAQINCR TSXINCR TASEINCR dba Canndoc has filed a lawsuit against Cann Pharmaceuticals Ltd dba “Better” a company with which it had previously sought to merge to recover funds loaned and invested in the course of their dealings in connection with the merger agreement The company and Better had initially agreed to merge subject to certain closing conditions which also included an outside date of January 31 2023 However as disclosed in the company’s public filings fundamental disagreements arose which ultimately led to the termination of the agreement on the outside date as the closing conditions had not been satisfied prior thereto During the negotiations and after the merger agreement was executed the company extended loans to Better and also provided funding and cultivation services to it in light of the parties’ cooperation The merger agreement was terminated leaving the company to seek to recover the funds it had loaned and extended to Better Despite repeated efforts to recover such loans funding and cultivation services Better has refused to repay the company leaving it with no choice but to file a lawsuit against Better to enforce its rights to the amounts loaned to Better 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 Benzinga edit with photo by Matthias Zomer on Pexels and squarefrog on Pixabay

The most overbought stocks in the information technology 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 Coupa Software Incorporated NASDAQCOUP Canaccord Genuity recently downgraded Coupa Software from Buy to Hold and lowered the price target from 100 to 81 The company’s stock has a 52 week high of 16621 RSI Value 7255 COUP Price Action Shares of Coupa Software gained 02 to settle at 7858 on Tuesday and lost 01 in after hours trading Agilysys Inc NASDAQAGYS BTIG analyst recently upgraded Agilysys from Neutral to Buy The company’s stock has a 52 week high of 8217 RSI Value 7337 AGYS Price Action Shares of Agilysys dropped 12 to close at 7909 on Tuesday Paysafe Limited NYSEPSFE Paysafe recently announced a 1 for 12 reverse stock split The company has a 52 week high of 5244 RSI Value 7554 PSFE Price Action Shares of Paysafe fell 34 to close at 1238 on Tuesday CPI Card Group Inc NASDAQPMTS CPI Card last month reported better than expected results for its third quarter The company’s 52 week high is 3747 RSI Value 7451 PMTS Price Action Shares of CPI Card Group closed at 3511 on Tuesday and added 2 in after hours trading Luna Innovations Incorporated NASDAQLUNA Luna recently won a major contract for Levee Monitoring The company has a 52 week high of 969 RSI Value 7102 LUNA Price Action Shares of Luna Innovations dropped 03 to settle at 885 on Tuesday Read More Investor Fear Increases After Nasdaq Drops Over 1

Gainers PainReform Ltd NASDAQPRFX shares rose 895 to 09475 in pre market trading PainReform reported receipt of extension to Aug 7 2023 to meet the Nasdaq s minimum bid price requirement Aurora Mobile Limited NASDAQJG rose 341 to 106 in pre market trading after the company said it will utilize ChatGPT’s technology to enhance JPush its push notification solution Youdao Inc NYSEDAO rose 222 to 846 in pre market trading Youdao is expected to report Q4 financial results on February 23 OceanPal Inc NASDAQOP shares rose 157 to 139 in pre market trading OceanPal recently announced time charter contract with Koch Shipping Pte Ltd Singapore for mv Baltimore with Koch SeaStar Medical Holding Corporation NASDAQICU shares rose 138 to 527 in pre market trading SeaStar Medical recently submitted investigational device exemption application to the FDA Manchester United plc NYSEMANU rose 134 to 2398 in pre market trading following a Daily Mail report suggesting Qatari investors could soon make an offer for the company Zhihu Inc NYSEZH rose 132 to 213 in pre market trading after gaining around 32 on Tuesday Fortinet Inc NASDAQFTNT rose 113 to 6016 in pre market trading after the company reported better than expected Q4 EPS The company also issued revenue and EPS guidance with a midpoint above consensus estimates Enphase Energy Inc NASDAQENPH rose 96 to 25078 in pre market trading after the company reported better than expected Q4 results and issued strong Q1 guidance Magenta Therapeutics Inc NASDAQMGTA rose 93 to 090 in pre market trading Magenta Therapeutics recently announced it will explore strategic alternatives Losers Sintx Technologies Inc NASDAQSINT fell 377 to 383 in pre market trading after the company announced pricing of 12 million public offering of 215 million units at a price of 560unit Lixte Biotechnology Holdings Inc NASDAQLIXT shares fell 246 to 142 in pre market trading Lixte Biotechnology shares jumped 133 on Tuesday after the company reported on findings from a team of scientists that its LB 100 combined with an inhibitor of the WEE1 kinase caused effective cancer cell killing SeqLL Inc NASDAQSQL shares dropped 174 to 127 in pre market trading SeqLL shares jumped 185 on Tuesday after the company announced the establishment of a two year Cooperative Research and Development Agreement with the US Department of Justice s Federal Bureau of Investigation Lumen Technologies Inc NASDAQLUMN fell 134 to 431 in pre market trading following Q4 results iBio Inc NYSEIBIO fell 115 to 121 in pre market trading after surging 48 on Tuesday VistaGen Therapeutics Inc NASDAQVTGN fell 98 to 02350 in pre market after posting Q3 results Renalytix Plc NASDAQRNLX fell 82 to 280 in pre market trading after gaining around 5 on Tuesday Innovative Eyewear Inc NASDAQLUCY fell 8 to 287 in pre market trading Innovative Eyewear shares gained 22 on Tuesday after the company announced the launch of its Lucyd Lyte 20 audio eyewear line Vaccinex Inc NASDAQVCNX shares fell 66 to 05980 in pre market trading Vaccinex shares jumped over 8 on Tuesday after the company was granted US patent 11572408 Treatment Of Cancer With A Semaphorin 4D Antibody In Combination With An Epigenetic Modulating Agent Society Pass Incorporated NASDAQSOPA fell 63 to 119 in pre market trading Society Pass reported a 2 million buyback program starting Feb 1 Now Read This Fear Greed Index Moves To Extreme Greed Zone Following Powell Comments

US stocks extended losses toward the end trading with the Dow Jones dropping more than 700 points on Friday Powell said the Federal Reserve’s goal remains getting inflation back down to a goal of 2 “Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy” Powell said “Without price stability the economy does not work for anyone” The Dow traded down 222 to 3255159 while the NASDAQ fell 319 to 1223669 The SP 500 also fell dropping 257 to 409115 Also check this Bitcoin Ethereum Record Losses Ahead Of Powell s Speech Here Are The Top Crypto Movers For Friday Leading and Lagging Sectors Energy shares fell by just 04 on Friday Meanwhile top gainers in the sector included Kosmos Energy Ltd NYSEKOS up 5 and Vertex Energy Inc NASDAQVTNR up 5 In trading on Friday information technology shares dipped by 34 Top Headline US personal spending rose 01 month over month in July while personal income increased 02 The personal consumption expenditure price index declined 01 month over month in July after increasing 1 in June Equities Trading UP Micro Focus International plc NYSEMFGP shares shot up 93 to 605 after the company reached an agreement with OpenText to be acquired for 6 billion Shares of The LS Starrett Company NYSESCX got a boost shooting 21 to 919 after the company reported a rise in FY22 EPS and sales results Farfetch Limited NYSEFTCH shares were also up gaining 26 to 1206 after reporting better than expected quarterly results Additionally multiple analysts raised their price target on the stock Equities Trading DOWN Domo Inc NASDAQDOMO shares tumbled 31 to 1987 after the company reported worse than expected Q2 sales results and issued Q3 and FY23 sales guidance below analyst estimates Additionally multiple analysts lowered their price target on the stock Shares of Affirm Holdings Inc NASDAQAFRM were down 23 to 2412 after the company reported worse than expected Q4 EPS results and issued Q1 FY23 sales guidance below estimates Athersys Inc NASDAQATHX was down falling 25 to 01311 after the company reported a 1 for 25 reverse stock split Also check out Market Volatility Decreases Further As Investors Await Powell Speech Commodities In commodity news oil traded up 02 to 9274 while gold traded down 12 to 174990 Silver traded down 19 to 1875 on Friday while copper fell 04 to 36860 Euro zone European shares closed lower today The eurozone’s STOXX 600 fell 168 London’s FTSE 100 fell 070 while Spain’s IBEX 35 Index fell 151 The German DAX declined 226 French CAC 40 fell 168 and Italy’s FTSE MIB Index dipped 249 Loans to households in the Eurozone increased 45 year over year in July Italian consumer confidence climbed by 35 points to 983 in August from 948 a month ago while manufacturing confidence declined by 21 points to 1043 in August The consumer confidence index in France rose to 82 in August from 80 in July while GfK Consumer Climate Indicator for Germany declined to a fresh record low level of 365 heading into September Economics The US goods trade deficit shrank to 891 billion in July from a revised 986 billion in the prior month US personal spending rose 01 month over month in July while personal income increased 02 The personal consumption expenditure price index declined 01 month over month in July after increasing 1 in June Wholesale inventories rose by 08 month over month to 9029 billion in July The University of Michigan consumer sentiment was revised higher to 582 in August from a preliminary reading of 551 The total number of active US oil rigs climbed by 4 to 605 rigs this week Baker Hughes Inc reported Check out this Investor Sentiment Improves With Powell s Speech In Focus COVID 19 Update The US has the highest number of coronavirus cases and deaths in the world reporting a total of 95844670 cases with around 1068110 deaths India confirmed a total of at least 44389170 cases and 527550 deaths while France reported over 34428730 COVID 19 cases with 153800 deaths In total there were at least 604479650 cases of COVID 19 worldwide with more than 6483560 deaths

Although the Dow Jones dropped by over 200 points 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 The Trade Coinbase Global Inc Director Frederick Ernest Ehrsam III acquired a total of 385260 shares at at an average price of 6493 To acquire these shares it cost around 2501 million What Coinbase Does Founded in 2012 Coinbase is the leading cryptocurrency exchange platform in the United States The Trade Appian Corporation 10 owner Colin Moran acquired a total of 289966 shares at an average price of 4947 To acquire these shares it cost around 1435 million What’s Happening Appian recently announced it has received a verdict from a jury in the Circuit Court for Fairfax County Virginia awarding it 2036 billion in damages from Pegasystems for trade secret misappropriation What Appian Does Appian Corp provides a leading low code software development platform as a service that enables organizations to rapidly develop powerful and unique applications Don’t forget to check out our premarket coverage here Also check this Executives Buy Around 17M Of 5 Penny Stocks The Trade Ashland Global Holdings Inc Director Eminence Capital Lp bought a total of 48800 shares at an average price of 10127 To acquire these shares it cost around 494 million What’s Happening The company last month posted upbeat quarterly earnings What Ashland Global Does Ashland Global Holdings is a global specialty materials company that serves a wide range of industrial markets

Cadence Design Systems Inc NASDAQCDNS reported better than expected Q1 financial results but issued weak forecast Cadence Design Systems posted adjusted earnings of 129 per share beating market estimates of 125 per share The company’s quarterly sales came in at 102 billion versus expectations of 101 billion Cadence Design Systems said it sees second quarter revenue in a range of 960 million to 980 million versus estimates of 101 billion The company expected earnings to be between 115 and 119 per share versus estimates of 125 per share Cadence Design Systems shares fell 48 to 20285 in pre market trading These analysts made changes to their price targets on Cadence Design Systems following earnings announcement Keybanc boosted the price target on Cadence Design Systems from 225 to 235 Keybanc analyst Jason Celino maintained an Overweight rating Baird raised the price target on Cadence Design Systems from 215 to 223 Baird analyst Joe Vruwink maintained an Outperform rating B of A Securities increased the price target on Cadence Design Systems from 225 to 240 B of A Securities analyst Vivek Arya maintained a Buy rating on the stock Now Read This Top 5 Energy Stocks That Could Blast Off In April

The Nasdaq closed higher by around 06 on Tuesday also recording losses for the week Investors meanwhile focused on some notable insider trades When insiders sell shares it indicates their concern in the company’s prospects or that they view the stock as being overpriced Either way this signals an opportunity to go short on the stock Insider sales should not be taken as the only indicator for making an investment or trading decision At best it can lend conviction to a selling decision Below is a look at a few recent notable insider sales For more check out Benzinga s insider transactions platform PriceSmart The Trade PriceSmart Inc NASDAQPSMT Director Sherry Bahrambeygui sold a total of 10000 shares at an average price of 7228 The insider received around 72282 thousand from selling those shares What’s Happening PriceSmart last month posted upbeat Q1 earnings What PriceSmart Does Pricesmart Inc is principally engaged in operating US style membership shopping warehouse clubs that offer consumer goods at low prices Have a look at our premarket coverage here Robinhood Markets The Trade Robinhood Markets Inc NASDAQHOOD Chief Creative Officer Baiju Bhatt sold a total of 86806 shares at an average price of 998 The insider received around 8666 thousand from selling those shares What’s Happening Robinhood reported fourth quarter revenue of 380 million which was up 5 sequentially What Robinhood Markets Does Robinhood Markets Inc is creating a modern financial services platform Vertex Pharmaceuticals The Trade Vertex Pharmaceuticals Incorporated NASDAQVRTX EVP COO Stuart Arbuckle sold a total of 14249 shares at an average price of 29756 The insider received around 424 million from selling those shares What’s Happening Vertex Pharmaceuticals reported quarterly earnings of 376 cents per share which was above the analyst consensus estimate of 351 What Vertex Pharmaceuticals Does Vertex Pharmaceuticals is a global biotechnology company that discovers and develops small molecule drugs for the treatment of serious diseases Check This Out Top 5 Health Care Stocks That May Collapse In February Merck Co The Trade Merck Co Inc NYSEMRK EVP Chief HR Officer Steven Mizell sold a total of 1815 shares at an average price of 10910 The insider received around 19802 thousand from selling those shares What’s Happening Merck Co’s Phase 3 NRG GY018 trial evaluating Keytruda pembrolizumab combined with standard of care chemotherapy carboplatin and paclitaxel met its primary endpoint of progression free survival PFS What Merck Co Does Merck makes pharmaceutical products to treat several conditions in a number of therapeutic areas including cardiometabolic disease cancer and infections

US stocks opened higher Thursday with the Dow and SP 500 index climbing to their highest levels in three weeks and the Nasdaq Composite trading at levels unseen since mid February as banking sector fears eased and US economic data bolstered hopes for Federal Reserve rate cuts On Wednesday the Dow Jones Industrial Average rose 323 points or 1 to 32718 its highest closing level since March 8 the day that Silicon Valley Bank announced a doomed capital raise that led to its failure helping to spark a transatlantic crisis of confidence in the banking sector A raft of encouraging economic data and waning banking sector fears helped drive US stocks higher on Thursday analysts said Another day without any unwelcome banking surprises lifted markets as investors headed back towards a risk on approach said Richard Hunter head of markets at Interactive Investor Analysts also noted an improvement in market breadth as cyclical sectors like industrials materials and financials that have suffered in recent weeks helping to push the market higher Although the technology heavy Nasdaq remained in the lead benefiting from the perception of safety SeeTech stocks back as a haven It s a mistake say market analysts The SP 500 index closed above the 4000 mark once again on Wednesday an important technical accomplishment that stoked hopes for a further rally Technical analyst Katie Stockton of Fairlead Strategies said in a note to clients that a breakout above 4050 on the SP 500 could help to propel the index back to its highest levels of the year reached in early February She also noted that breadth has improved as cyclical sectors have reversed an oversold bounce in a note to clients Revised data on US GDP growth showed the economy grew slightly more slowly during the final months of 2022 with the annualized growth rate slipping to 26 from 27 seen in the previous estimate Slightly weaker exports and consumer spending were to blame according to data released by the Bureau of Economic Analysis Meanwhile weekly jobless claims data showed the number of Americans applying for new unemployment benefits ticked higher to 198000 during the week ended March 25 up from 191000 during the prior week The reading surpassed the median estimate from economists polled by the Wall Street Journal who had expected 195000 initial claims The data helped support the case for the Fed to end its rate hike campaign said Mike Loewengart head of model portfolio construction at Morgan Stanley Global Investment Office A tick up in jobless claims within the context of a downward revised GDP could suggest Fed action is taking its toll but it s important to keep in mind that those claims are still relatively low and GDP still shows growth Loewengart said in a note to clients To be sure investors should avoid getting too excited since plenty more economic data reports are due out ahead of the conclusion of the Fed s next two day policy meeting which ends May 3 For example the personal consumption expenditures index for February is due out Friday The gauge is the Fed s preferred measure of consumer price inflation informing the central bank s efforts to drive inflation back to its 2 target See ECB quandary as falling energy costs cut headline inflation but core prices still stubbornly high A batch of Fed officials are due to make public comments on Thursday Boston Fed President Collins and Richmond Fed President Barkin are speaking at 1245 pm with Minneapolis Fed President Kashkari taking the mic at 1 pm After the bell the Fed is expected to release its H41 report on bank lending at 430 pm Eastern Time This content was created by MarketWatch which is operated by Dow Jones Co MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal

Healthcare Realty Trust Inc stock rose more than 6 in morning trading Tuesday after The Wall Street Journal reported that Welltower Inc the big healthcare focused real estate investment trust bid on the company shortly after it agreed to merge with a rival earlier this year Welltower which has a portfolio of senior housing rehabilitation centers and medical offices is still interested in buying the company even after its 5 billion all cash bid was rejected and plans to say as much to Healthcare Realty this week The Journal reported citing people familiar with the matter Healthcare Realty and Healthcare Trust of America Inc agreed to merge in a roughly 10 billion mostly stock deal in February A month later Welltower offered 3175 a share for Healthcare Realty or roughly 48 billion according to The Journal report Shares of Healthcare Realty were more than 6 higher at 3035 Shares of Healthcare Trust Of America fell more than 4 to 2874 Write to Will Feuer at WillFeuerwsjcom