Tag Archives: July

[unable to retrieve full-text content]Russian company Yandex to start trading on Moscow Exchange in July  Telecompaper EN Source link

Netflix (NFLX) shares have been on a tear over the last six months of the year. But investors will have plenty to worry for the company in 2023, according to one Wall Street analyst. Needham’s Laura Martin argued in a new client note on Thursday the stock will battle several headwinds in the new year including slowing subscriber growth and increased pressure on its key financial metric, average revenue per user, or ARPU. Shares of Netflix, down about 50% since the start of the year, have… Source link

The Federal Reserve is on track to deliver an instant payment service called FedNow between May and July 2023, the central bank’s clearest timeline yet for a new system enabling settlement of U.S. payments in seconds. The FedNow service also potentially negates the need for the creation of a central bank digital currency, or CBDC. “The FedNow Service will transform the way everyday payments are made throughout the economy, bringing substantial gains to households and businesses through the… Source link

The U.S. labor market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession. The Labor Department released its latest monthly jobs report at 8:30 a.m. ET on Friday. Here were the key numbers from the report, compared to economist estimates compiled by Bloomberg: Non-farm payrolls: +528,000 vs. +250,000 Unemployment rate: 3.5% vs. 3.6% Average hourly earnings, month-over-month: +0.5% vs. +0.4% Average… Source link

U.S. stocks were little changed Thursday following uneventful trading as investors looked ahead to July’s jobs report on Friday and barreled through more earnings. The S&P 500 edged down 0.1%, while the Dow Jones Industrial Average slipped roughly 0.3%. After rallying on Wednesday, tech stocks tried to build back momentum, with the Nasdaq up 0.4%. The biggest action in markets on Thursday, however, was happening away from the major stock indexes with the price of WTI crude oil falling below… Source link

Yandex (NASDAQ:YNDX – Get Rating) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totalling 3,950,000 shares, a drop of 16.0% from the June 30th total of 4,700,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Currently, 1.3% of the shares of the stock are sold short. Institutional Inflows and Outflows Several institutional investors and hedge funds… Source link

(Bloomberg) — Investors should stay wary of US stocks and bonds as inflation remains a threat and recession looms, according to Rebecca Patterson, chief investment strategist at Bridgewater Associates. Most Read from Bloomberg The stock market, which finished its best month since November 2020, has mistakenly given the benefit of the doubt to the Federal Reserve’s ability to engineer a soft landing, as officials try to cool inflation by raising rates without triggering a recession,… Source link

Stocks opened Thursday’s trading session higher after new data showed the U.S. economy contracted for the second-straight quarter in Q2. Shortly after the opening bell, the S&P 500 and Nasdaq were up about 0.3%, while the Dow was up closer to 0.2%. Data from the Commerce Department out Thursday morning showed GDP growth fell at an annualized rate of 0.9% in Q2, marking the second-straight quarter we’ve seen a drop in economic activity. Thursday’s early move served as a continuation of sharp… Source link

Market Coverage – Wednesday July 27 Yahoo Finance – Yahoo Finance Source link

Investors have breathed a sigh of relief up to this point in July as worst-case scenarios for the economy have failed to materialize. The Nasdaq Composite and S&P 500 are up an impressive 7.5% and 4.8%, respectively, so far this month. Shares of meme stock darlings GameStop and AMC have jumped 17% and 14.5%, respectively, as traders embrace the risk-on backdrop. Even 2022 laggard Netflix has seen its stock rise 25% month to date, even after another lackluster earnings report on July 19. Pros… Source link