weekly jobless claims existing home sales for june leading indicators for june earnings from american airlines blackstone capital one financial johnson  johnson  charles schwab survived the deposit crisis what comes next nasdaq futures were underperforming early on thursday after results from tesla and netflix were not very well received by traders investors were being reminded that when stocks rise swiftly and are afforded rich valuations earnings results that are good on the surface still may not be good enough netflix missed sales estimates and issued lowerthanexpected q3 guidance while teslas results showed shrinking profitability with a squeeze on margins deutsche bank said hargreaves lansdown said that both stocks could be vulnerable to a deterioration in household sentiment concerns are growing that a slowing economy combined with the erosion of lockdown savings will weigh further on spending on discretionary goods and services particularly bigticket items like cars and nice to have but not necessary streaming accounts in the months ahead hargreaves lansdown said discover financial services said it would pause share repurchases as it investigates a misclassification of credit card accounts from around mid2007 shares were down 138 las vegas sands reported secondquarter earnings and revenue that topped expectations but the stock was down 2 netflix added about 59 million paid subscribers during the second quarter but revenue fell short of the companys projections shares stood about 7 lower ahead of the opening bell oddity tech had a successful trading debut wednesday in a generally depressed ipo market shares were down 15 premarket after closing up 36 adrs of taiwan semiconductor manufacturing fell 27 after secondquarter profit and revenue declined as it grapples with a slump in demand for chips in electronic devices tesla reported a jump in secondquarter profit but elon musk cautioned investors that more price reductions might be required shares were down 37 the dollar edged lower as its recovery after sterlings drop on wednesday following weakerthanexpected uk inflation data proved shortlived showing investors arent ready to buy into the us currency yet unicredit research said investors might have taken more profit but continued to show little conviction in reversing the recent dollar tumble unicredit said noting the dxy dollar index is still struggling at around 100 having recently scaled back expectations of aggressive tightening in the us pushing the dollar sharply lower investors were forced to do the same for the uk after the inflation data suggesting that retreats in rate expectations might not be confined to the us unicredit said read httpbarronscom bitcoin is stuck at 30000 heres what is needed to push the crypto higher  oil was little changed following the smallerthanexpected drop in us crude stocks investor sentiment about the us economy has turned more positive in recent weeks while russian exports have weakened helping to drive oil prices higher the us economy remains resilient production cuts continue the fed appears closer to finishing its rate hike cycle while china could be poised to set out new stimulus measures lpl financial said metal prices inched higher as a weaker dollar helped provide support for some risk assets disappointing economic data out of china are weighing on market sentiment while supplyside fundamentals remain tight anz said short supply of copper and aluminum is giving the two metals more upside potential anz added renewed supply issues in south american mines and energy shortages should limit their respective downsides activist shareholder elliott investment management has built a significant stake in catalent and is pushing for a shakeup on the contract drugmakers board elliott has been talking to potential director candidates about joining a slate of nominees to run in a proxy contest people familiar with the matter said a california jury ordered johnson  johnson to pay a cancer patient 188 million in a lawsuit alleging that the 24yearold man developed mesothelioma because of his exposure to jjs talcum powder product from childhood the jury in the state court in oakland calif issued the verdict on tuesday siding with emory hernandez valadez who sued jj last year alleging that he was exposed to asbestos and other carcinogens through jjs baby powder jj is liable for valadezs economic damages of 38 million and his noneconomic damages of 15 million according to the verdict consumerfocused privateequity firm l catterton banked nearly triple its investment in online beautyproducts retailer oddity tech by selling a portion of its stake in the companys initial public offering wednesday l cattertons roughly 50 million investment in the company behind the il makiage and spoiledchild brands was valued at about 900 million based on the closing price of 4753 an oddity share following its trading debut in new york according to a document the greenwich connbased firm sent to its fund investors that was viewed by the wall street journal that would represent a roughly 18fold return on invested capital l catterton said nokia on thursday posted a 29 drop in its secondquarter comparable net profit as macroeconomic uncertainty weighed on sales in its networkinfrastructure business while north american customers continued to evaluate overall spending and deplete inventories in mobile networks the company said it sees secondhalf sales broadly similar to the first half in network infrastructure and mobile networks with some sequential improvement into the fourth quarter chinas benchmark lending rates were kept unchanged as expected on thursday following a hold of policy rates earlier this month however economists say beijing will need to ramp up support to shore up the countrys sputtering economy the oneyear loan prime rate was held steady at 355 while the fiveyear lpr was unchanged at 42 the peoples bank of china said the loan prime rates are calculated monthly based on the interest rates which 18 designated commercial banks charge their best clients americans are burning more natural gas than ever to stay cool this summer unlike the past two summers when sweltering weather sent gas surging the continuing heat wave has hardly moved prices for the powergeneration fuel benchmark naturalgas prices have stayed in a tight range that is roughly 60 lower than a year ago when prices exploded to shaleera highs prices are 30 less than in july 2021 supreme court has worked on code of conduct but gotten nowhere washingtonan internal plan for the supreme courts firstever code of conduct has been stalled for years people familiar with the matter said and justices are deeply divided despite increased scrutiny surrounding their ethical behavior the standstill persists despite drops in the courts public approval and pressure from lawmakers for the high court to adopt the practice of other courts that hold their members to binding ethical rules beyond the minimum required by anticorruption and transparency laws all times in gmt powered by kantar media and dow jones abbott laboratories abt is expected to report 076 for 2q american airlines group inc aal is expected to report 157 for 2q american national bankshares inc amnb is expected to report 072 for 2q badger meter inc bmi is expected to report 065 for 2q bank7 corp bsvngmarxx is expected to report 097 for 2q berkshire hills bancorp bhlb is expected to report 058 for 2q blackstone inc bx is expected to report for 2q cass information systems cass is expected to report 067 for 2q dr horton dhi is expected to report 278 for 3q east west bancorp ewbc is expected to report 221 for 2q fifth third bancorp fitb is expected to report 083 for 2q freeportmcmoran inc fcx is expected to report 032 for 2q genuine parts co gpc is expected to report 238 for 2q