Author: Bruno T
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Pre-Market U.S. Stock Movers JD.com (NASDAQ:JD) gained over +4% in pre-market trading after the retailer reported better-than-expected Q3 results. Solid Biosciences (NASDAQ:SLDB) surged about +27% in pre-market trading after announcing that the FDA cleared the company’s IND for Duchenne gene therapy candidate SGT-003. Edgio (NASDAQ:EGIO) soared over +20% in pre-market trading following the announcement that…
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CPI Unchanged in October
Consumer prices in the US were unchanged in October, after rising 0.4 percent in September and compared with market expectations of a 0.1 percent increase. The index for shelter continued to rise in October, offsetting a decline in the gasoline index and resulting in the seasonally adjusted index being unchanged over the month. The energy…
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Without Commenting on Monetary Policy, Powell asks Fed Economists To Be Flexible in Forecasting Methods
Fed Chairman Jerome Powell said the central bank must be willing to think beyond the complex mathematical simulations used for economic forecasts. “Intellectual rigor must be combined with flexibility and agility,” he said at a conference marking the 100th anniversary of the Division of Research and Statistics. “Our economy is flexible and dynamic and sometimes…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
December S&P 500 futures are trending up this morning as investors looked ahead to comments from Fed Chair Jerome Powell for further clues on the U.S. central bank’s monetary policy path while also awaiting an earnings report from Disney. U.S. rate futures have priced in a 9.8% probability of a 25 basis point rate increase…
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September Trade Deficit Widens as Imports Outpace Exports
The US international trade deficit widened to $61.54 billion in September from a $58.66 billion gap in August, a wider deficit than the $59.8 billion gap expected in a survey compiled by Bloomberg as of 7:40 am ET. Both exports and imports increased, with the imports increasing faster. Imports of industrial supplies, capital goods, auto…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
December S&P 500 futures (CCOM:US500) are down -0.15%, and December Nasdaq 100 E-Mini futures (CCOM:US100) are down -0.16% this morning as investors digested weak Chinese trade data and comments from a Federal Reserve policymaker that tempered expectations of speedy interest rate cuts by the U.S. central bank. Third-quarter earnings season continues, and investors anticipate new reports…
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Baidu Places Order for Huawei AI Chips Instead of Nvidia Sources
Baidu (NASDAQ: BIDU) commissioned artificial intelligence chips from Huawei this year, said two people familiar with the matter, adding to signs that U.S. pressure is leading China to embrace the company’s products as an alternative to Nvidia (NASDAQ: NVDA). One of the sources said that Baidu, one of China’s leading AI companies operating the large…
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Nike Files Federal Lawsuits Against New Balance and Skechers Over Patent Infringement
Nike, the footwear giant (NYSE: NKE), filed federal lawsuits this Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike’s technology for manufacturing the upper part of sneakers. The lawsuits claim that various New Balance athletic shoes and Skechers sneakers (NYSE: SKX) improperly utilize Nike’s patented “Flyknit” technology for running,…
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UBS Reports Q3 Loss Amidst Credit Suisse Integration Challenges
UBS Group (NYSE: UBS) reported a loss of $785 million in the third quarter on Tuesday, after accounting for $2.1 billion in expenses related to the acquisition of the fallen rival Credit Suisse by the Swiss bank. The figure is compared to the $444 million loss attributed to shareholders estimated by analysts in a UBS…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
In the coming week, investors will be monitoring a spate of economic data, including the U.S. Exports, Imports, Trade Balance, Wholesale Inventories, Crude Oil Inventories, Initial Jobless Claims, and Michigan Consumer Sentiment (preliminary). In addition, several Fed officials will be making appearances this week, including Cook, Waller, Williams, Logan, and Jefferson. In other news, oil…