Deutsche Bank downgrades Netflix on valuation to Hold from Buy, keeps $590 price target - $NFLX.
WISE.UK Numis Raised WISE.UK to Add from Hold, price target: 975p (related WISE.UK) - Source TradeTheNews.com
$ According to internal sources methods used to test the purity of COVID vaccine have fallen short of regulators’ standards and has not been able to prove that it can produce a shot that is consistently correct - Politico.
$ Reports Q3 $3.19 v $2.56e, Rev $7.48B v $7.50Be (Netflix Inc)
- Total streaming paid net adds 4.38M v 1.54M q/q v 3.5Me forecast.
(Reuters) - The Federal Reserve will wait until 2023 before raising interest rates, according to a majority of economists in a Reuters poll who nonetheless said the greater risk for the U.S. economy was persistently higher inflation over the coming year.
(Reuters) -Social media giant Facebook Inc (NASDAQ:FB) is planning to rebrand itself with a new name next week, the Verge reported on Tuesday, citing a source with direct knowledge of the matter.
Facebook Chief Executive Officer Mark Zuckerberg plans to talk about the name change at the company's annual Connect conference on Oct. 28, but it could be unveiled sooner, the Verge reported.
HONG KONG (Reuters) - Bitcoin hovered below record levels on Wednesday, the day after the first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants say is likely to drive investment into the digital asset.
$ASML Reports Q3 Net €1.74B v €1.6B y/y, Rev €5.24B v €5.27Be; Raises Quarterly dividend 12.3% to €1.80 from €1.603 (indicated yield 0.9%) (ASML Holdings)
LHV kasvatas kolmandas kvartalis puhaskasumit poole võrra. Ettevõte edestab ka oma uuendatud finantsplaani, selgub börsiteatest.
LHV Group kasvatas kolmandas kvartalis puhaskasumit 54 protsenti, 16,6 miljoni euroni.
WISE PLC - CONTINUE TO EXPECT REVENUE GROWTH OF LOW TO MID 20S ON A PERCENTAGE BASIS FOR FY2022 OVER FY2021.
WISE PLC - NOW EXPECT FY2022 GROSS MARGIN TO BE C. 65-67%, UP FROM 62% IN FY2021.
WISE PLC - QTRLY REVENUE GREW BY 25% YOY AND 8% QOQ TO £132.8 MLN.
STOCKHOLM (Reuters) - Geely-owned Volvo Cars said on Monday its initial public offering would be priced within a range of 53 to 68 Swedish crowns per share, valuing the automaker at up to $23 billion in what is likely to be one Europe's biggest listings this year. Shares would begin trading on Oct. 28.
The stock price of Chinese electric vehicle company NIO Inc (NYSE:NIO) rose 5.2% on Monday after a report from StreetInsider said it is expected to launch new models at its NIO Day event.
WASHINGTON (Reuters) - About a dozen U.S. senators from both parties on Monday formally introduced a bill that would bar Big Tech platforms, like Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL)'s Google, from favoring their products and services.
A companion has passed the House Judiciary Committee. It must pass both houses of Congress to become law.
(Reuters) -Apple Inc on Monday announced two new MacBook Pro models that run on more powerful in-house chips, furthering its break from previous supplier Intel Corp (NASDAQ:INTC) and showing its strategy for setting its machines apart from the rest of the PC industry.
(Reuters) -The U.S. Food and Drug Administration is planning to allow Americans to get a different booster shot of a COVID-19 vaccine than the one initially taken, the New York Times reported on Monday.
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission on Monday released a report examining the frenzied trading in shares of retailer GameStop Corp (NYSE:GME), and other 'meme' stocks, in January, and recommended some areas for further regulatory consideration.
(Reuters) - The success of the South Korean dystopian drama series "Squid Game" has led investors to bet on Netflix Inc (NASDAQ:NFLX)'s plans to explore more international content to boost slowing subscriber growth.
PROSHARES BITCOIN FUTURES ETF WILL LAUNCH ON NYSE TUESDAY: NYT
[3333.HK] Will officially be in default on Oct 23rd, the end of grace period on first non-payment.
(Reuters) -Square Inc Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses.
(Reuters) - Investor Michael Burry of "The Big Short" fame said he was no longer betting against Tesla (NASDAQ:TSLA) Inc and that his position was just a trade, CNBC reported on Friday.
No, it was a trade," Burry was quoted as saying in an email to CNBC on Friday, when asked whether he was still shorting Tesla.
Media really inflated the value of these things. I was never short tens or hundreds of millions of any of these things through options, as was reported. The options bets were extremely asymmetric, and the media was off by orders of magnitude," Burry told CNBC.
HONG KONG (Reuters) -Evergrande Group's chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts.
NEW YORK (Reuters) - A top U.S. Food and Drug Administration official said on Friday that the agency is considering lowering the recommended age for who should receive booster shots of the Pfizer/BioNTech COVID-19 vaccine to as young as 40 years old, based on data from Israel suggesting the vaccine's efficacy is waning.
(Reuters) - "Squid Game," Netflix Inc (NASDAQ:NFLX)'s biggest original series launch, is estimated to be worth almost $900 million for the streaming giant, Bloomberg News reported late on Saturday, citing figures from an internal Netflix document.
The show has even drawn positive comments from Amazon (NASDAQ:AMZN) Inc founder Jeff Bezos, with the billionaire calling the work "impressive and inspiring."
TOKYO (Reuters) - Bitcoin hovered near a six-month high early on Monday on hopes that U.S. regulators would soon allow cryptocurrency exchange-traded funds (ETF) to trade, while global inflation worries also provided some support.
Cryptocurrency players expect the approval of the first U.S. bitcoin ETF to trigger an influx of money from institutional players who cannot invest in digital coins at the moment.
HONG KONG (Reuters) - China's gross domestic product (GDP) grew 4.9% in July-September from a year earlier, the weakest pace since the third quarter of 2020, as China grappled with power shortages, supply bottlenecks and sporadic COVID-19 outbreaks as well as rising jitters over the property sector. A Reuters poll of analysts had expected GDP to rise 5.2% in the third quarter.
(US) SEPT ADVANCE RETAIL SALES M/M: +0.7% V -0.2%E; RETAIL SALES (EX-AUTO) M/M: % V 0.5%E - Source TradeTheNews.com
*Volkswagen Group Sept Global Sales Fell 33% to 626,200 Vehicles
*Volkswagen Group 3Q Sales Fell 24.5% to 1.97M Vehicles
*Volkswagen Group Delivered 122,100 Battery-Electric Vehicles in 3Q
*Volkswagen: Global BEV Share of Total Deliveries Rises to More Than 6% in 3Q
Järelturu liikujad: $AA jumps +5.5% on earnings and dividend initiation; $MRNA +0.5% confirms FDA panel news on boosters; $DCT -13.5% falls on weak guidance
$AA - reports Q3 (Sep) earnings of $2.05 per share, excluding non-recurring items, $0.25 better than the S&P Capital IQ Consensus of $1.80; revenues rose 31.5% year/year and 10% sequentially to $3.11 bln vs the $2.92 bln S&P Capital IQ Consensus.
FRANKFURT (Reuters) - German fashion retailer Hugo Boss on Thursday raised its outlook for the current year after third-quarter earnings rebounded above pre-pandemic levels on the back of strong demand in Europe and the Americas.
WASHINGTON (Reuters) -U.S. President Joe Biden on Thursday signed legislation temporarily raising the government's borrowing limit to $28.9 trillion, pushing off the deadline for debt default only until December.
TOKYO (Reuters) - Japan's economy likely grew at a slower pace than previously expected last quarter and faces ongoing risks from soaring raw material prices and coronavirus-linked production and supply disruptions, a Reuters poll of economists showed on Friday.
BEIJING (Reuters) - China's energy crisis deepened on Friday as cold weather swept into much of the country and power plants scrambled to stock up on coal, sending prices of the fuel to record highs.
(Reuters) -A panel of expert advisers to the U.S. Food and Drug Administration unanimously voted on Thursday to recommend booster shots of Moderna (NASDAQ:MRNA) Inc's COVID-19 vaccine for Americans aged 65 and older and those at high risk of severe illness or occupational exposure to the virus.
HONG KONG (Reuters) - A data dump from China due Monday is high on investors' minds, with the world's second-largest economy due to report third-quarter GDP figures as well as monthly investment and activity figures.
"We expect GDP growth to slow to 4.6% year-on-year in the third quarter from 5.6% previously, in view of persistent weakness in consumption and services amid repeated COVID outbreaks, and the fading of the low year-earlier base," said Barclays (LON:BARC) analysts in a note.
(Reuters) - The U.S. Securities and Exchange Commission (SEC) is poised to allow the first U.S. bitcoin futures ETF to begin trading next week, Bloomberg News reported on Thursday,
BEIJING (Reuters) - China's financial regulators have told some major banks to accelerate approval of mortgages in the fourth quarter, Bloomberg News reported on Friday, citing unidentified sources.
Lenders were also allowed to seek permission to sell assets backed by residential mortgages in order to free up more loan quota, the news agency said, amid concerns that the liquidity and debt crisis at China Evergrande Group could spread to other developers.
US Jobless Claims -36K To 293K In Oct-9 Wk; Survey 318K
US Oct-2 Week Continuing Claims -134K to 2,593,000
*U.S. PRODUCER PRICE INFLATION RISES +0.5% IN SEPTEMBER; EST. +0.6%
*U.S. CORE PPI RISES +0.2% IN SEPTEMBER; EST. +0.5%
$ Reports Q3 $2.15 v $1.82e, Adj Rev $17.8B v $17.2Be (Citigroup Inc) - Common Equity Tier 1 (CET1) capital ratio 11.7% v 11.9% q/q v 11.7% y/y - ROE 9.5% v 6.5% y/y
Morgan Stanley prelim Q3 $1.98 vs $1.68 S&P Capital IQ Consensus Estimate; revs $14.75 bln vs $13.95 bln S&P Capital IQ Consensus Estimate
$BAC: Reports Q3 $0.85 v $0.71e, Rev $22.8B v $21.7Be - Source TradeTheNews.com
U.S.-LISTED ONLINE CHINESE BROKERS FUTU FUTU.O AND UP FINTECH HOLDING TIGR.O FACE REGULATORY RISKS - PEOPLE'S DAILY WEBSITE.
Järelturu liikujad: WDFC +2.4% on share repurchase authorization; HYZN +6.7% trades upon capacity increase; GRPN down -1.4% as CFO resigns.
$ Reports Q3 (NT$) Net 156.3 v 137.3B; Op v 150B y/y; Op 171.0B; Rev 414.7B v 356.4B y/y (Net and Rev record highs) (Taiwan Semiconductor Manufacturing Co).
BERLIN (Reuters) - Volkswagen (DE:VOWG_p)'s CEO Herbert Diess told a supervisory board meeting in September that the company could lose 30,000 jobs if it transitioned too slowly to electric vehicles (EVs), two sources with knowledge of the matter told Reuters on Wednesday.
WASHINGTON (Reuters) -President Joe Biden on Wednesday urged the private sector to help ease supply chain blockages that are threatening to disrupt the U.S. holiday season and said the White House plans a nationwide overhaul of the clogged system.
Biden said the Port of Los Angeles would join the Port of Long Beach, two of the country's busiest, in expanding round-the-clock operations to unload an estimated 500,000 containers waiting on cargo ships offshore.
Walmart (NYSE:WMT), Target (NYSE:TGT) and other big retailers would also expand their overnight operations at the ports to try to meet delivery needs, Biden said.
SHANGHAI (Reuters) - Shares of Chinese real estate firms fell further on Thursday as investors fretted about a debt crisis rippling through developers including China Evergrande Group, a day after the sector was hit with fresh rating downgrades.
TOKYO (Reuters) -Japan must compile an economic stimulus package worth at least 32-33 trillion yen ($282-$290 billion) to cushion the impact of the coronavirus pandemic, a senior ruling party official close to Prime Minister Fumio Kishida said on Thursday.
CPI 0.4%, Exp. 0.3%
CPI Core 0.2%, Exp. 0.2%
CPI Y/Y 5.4%, Exp. 5.3%
CPI Core Y/Y 4.0%, Exp. 4.0%
Delta Air Lines reports Q3 adjusted EPS 30c, consensus 17c
Sees Q4 capacity 80% restored
Delta Air Lines sees Q4 revenue 'recovered to low 70s percentage'
$ | JPMorgan Q321 Earnings: Adj Revenue: USD30.44B (est USD29.68B)
Net Interest Income: USD13.18B (est USD13.19B)
Investment Banking Revenue: USD3.03B (est USD2.65B)
FIC Sales Trading Revenue: USD3.67B (ets USD3.70B)
Equity Sales Trading Revenue: USD2.60B (est USD2.17B)
$ 'Squid Game' show reached 111M watchers (its biggest series launch ever) - tweet (Netflix Inc).
TOKYO, Oct 13 (Reuters) - The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering of stimulus next month, potentially following with interest rate hikes by mid-2022.
Järelturu liikujad: AAPL -1.4% lower on Bloomberg report it's likely to slash iPhone 13 production targets due to chip shortages, suppliers also lower; CRSP -10.4% lower on clinical data; SGH +3.7% higher on earnings.
SAP - Cloud momentum accelerates.
$SAP Raises FY21 Cloud Rev €9.4-9.6B, op profit €8.1-8.3B (prior Cloud Rev €9.3-9.5B, op profit €7.95-8.25B) (SAP AG).
(Reuters) - Three U.S. Federal Reserve policymakers on Tuesday said the economy has healed enough for the central bank to begin to withdraw its crisis-era support, cementing expectations the Fed will start to taper its monthly bond purchases as soon as next month.
(Reuters) -Apple Inc is likely to slash production of its iPhone 13 by as many as 10 million units due to the global chip shortage, Bloomberg News reported on Tuesday, citing people familiar with the matter.
(Reuters) -Scientists at the U.S. Food and Drug Administration said on Tuesday that Moderna (NASDAQ:MRNA) Inc had not met all of the agency's criteria to support use of booster doses of its COVID-19 vaccine, possibly because the efficacy of the shot's first two doses has remained strong.
The documents were released ahead of a meeting later this week of the FDA's outside expert advisers to discuss booster doses of the vaccine.
SHANGHAI (Reuters) - Markets in Hong Kong were closed on Wednesday morning due to a typhoon affecting the city.
BEIJING (Reuters) -China's thermal coal prices surged to fresh record highs on Wednesday as recent floods in key coal producing province Shanxi worsened a supply crunch, just as new efforts by Beijing to liberalise power prices boosted demand from power generators.
BEIJING (Reuters) -China's export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases.
Outbound shipments in September jumped 28.1% from a year earlier, up from a 25.6% gain in August. Analysts polled by Reuters had forecast growth would ease to 21%.
TOKYO (Reuters) - on Wednesday U.S. consumer price data that could provide additional clues on when the Federal Reserve will taper stimulus and raise interest rates.
The risk is for inflation to stay high, and that would bring forward market expectations for the timing and pace of rate hikes,
$AAL - American Airlines expects to report GAAP net profit in Q3.
$AAL: Narrows Q3 Rev -25% v 2019 levels (prior -28% to -24%)
Return-to-Office Rate Hit Pandemic High During Week Ended Oct. 8, New Report Says
More Workers Voluntarily Returning as Covid-19-Infection Rate Falls
$FB To roll out methodology change where if a user does not have their Facebook and Instagram accounts linked, they will be considered as separate accounts for ad planning and measurement - press (Facebook Inc).
China vehicle sales fall 20% in September - industry body.
Järelturu liikujad: MATX +5.1% higher on bullish guidance; QTRX up +19.9% after receiving FDA Breakthrough designation.
NEW YORK (Reuters) - Investors are primed for another period of strong U.S. profit growth as third-quarter reports from Corporate America flow in starting next week. But as business continues to emerge from the coronavirus pandemic, new problems are arising that are taking center stage for Wall Street, including supply-chain snags and inflationary pressures.
LONDON (Reuters) - British shoppers increased their spending in September at the slowest pace since January, when the country was stuck in a coronavirus lockdown, as they worried about a shortage of fuel, according to a survey published on Tuesday.
NEW YORK (Reuters) - Jamie Dimon, JPMorgan Chase & Co (NYSE:JPM) chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless."
SEOUL (Reuters) -South Korea's central bank kept interest rates steady on Tuesday, taking a breather after its first rate hike in nearly three years in August, but flagged further tightening could come as soon as November to curb rising inflation and household debt.
HONG KONG (Reuters) -China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term.
China's Leader Launching Most Extensive Financial Scrutiny Since Taking Power, Sources Say
Chinese State Banks' Ties With Evergrande, Didi, Ant Are Being Scrutinized, Sources Say
Elon Musk says $TSLA plans to start delivering cars from Gigafactory Berlin as early as next month.
*CITI SAYS BRENT OIL COULD HIT $90 A BARREL THIS WINTER
Japan's GDP fell in August, the first decline in three months.
China Faces Power Hikes And That’s Likely to Cut Metals Output - Bloomberg.
Oct 10 (Reuters) - Goldman Sachs cut its U.S. economic growth target to 5.6% for 2021 and to 4% for 2022 citing an expected decline in fiscal support through the end of next year and a more delayed recovery in consumer spending than previously expected.
BEIJING (Reuters) -China has added cryptocurrency mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list overall, a document released by the state planner showed on Friday.
LONDON (Reuters) - Bank of England policymaker Michael Saunders told households to get ready for "significantly earlier" interest rate rises as inflation pressure mounts in the British economy, the Telegraph newspaper said on Saturday.
Saunders said investors were right to bet on faster increases in borrowing costs with consumer price inflation heading above 4%, adding to signs the BoE might become the first major central bank to raise rates since the pandemic struck
GRUENHEIDE, Germany (Reuters) -The first cars to emerge from Tesla (NASDAQ:TSLA)'s new Berlin factory should roll off the production line as early as next month, CEO Elon Musk said at the site of the plant on Saturday, but added that hopes to achieve volume production of batteries at the site by the end of next year. Volume production at the plant would amount to about 5,000, "but hopefully" 10,000 vehicles per week.
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday that it will be lawmakers' responsibility to raise the federal debt limit and expressed confidence that Congress would do so after the temporary reprieve runs out on Dec. 3.
(Bloomberg) -- Morgan Stanley (NYSE:MS) has upgraded its view on China’s property sector to “attractive” from “in-line” as it sees growing likelihood of easing measures, with default risks and housing market weakness largely priced in.
We believe an inflection point for China’s property policy is approaching,” analysts led by Elly Chen wrote in a note dated Sunday. “Property stocks will react on policy easing, which looks more likely now.”
SHANGHAI (Reuters) - Offshore bondholders of beleaguered developer China Evergrande Group were on Monday bracing for news on more than $148 million in looming bond coupon payments after the company missed two coupon deadlines last month.
NEW YORK (Reuters) - In the run-up to earnings season, a number of companies have issued downbeat outlooks. FedEx Corp (NYSE:FDX) said labor shortages drove up wage rates and overtime spending, while Nike Inc (NYSE:NKE) blamed a supply-chain crunch and soaring freight costs as it lowered its fiscal 2022 sales estimate and warned of holiday-season delays.
TOKYO (Reuters) -Oil prices surged again on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid supply restraint from major producers.
SYDNEY (Reuters) - The focus will also be on U.S. inflation and retail sales data, and minutes of the Federal Reserve's last meeting which should confirm that a November tapering was discussed.
SYDNEY (Reuters) - The U.S. earnings season kicks off this week and is likely to bring tales of supply disruptions and rising costs. JPMorgan (NYSE:JPM) reports on Wednesday, followed by BofA, Morgan Stanley (NYSE:MS) and Citigroup (NYSE:C) on Thursday, and Goldman on Friday.
*U.S. ECONOMY ADDED 194,000 JOBS IN SEPTEMBER; EST. INCREASE 500,000
PRAGUE (Reuters) -Skoda Auto, a Volkswagen (DE:VOWG_p) unit and the Czech Republic's biggest exporter, will "significantly reduce or even halt" production from Oct. 18 until the end of the year due to the global shortage of chips hobbling the automotive sector.
Skoda, the backbone of the country's car sector that employs 180,000 workers and makes up quarter of industrial output, has already stocked up tens of thousands of cars finished but awaiting chips. Dealerships are reporting months-long waits for new cars.
(Reuters) - The European Medicines Agency (EMA) said on Thursday it had approved U.S. drugmaker Merck & Co Inc's manufacturing site in West Point, Pennsylvania to make Johnson & Johnson (NYSE:JNJ)'s COVID-19 vaccine.
Earlier this year, Merck agreed to make its rival's shot, after scrapping two of its own experimental COVID-19 vaccines.
WASHINGTON (Reuters) -The U.S. Senate on Thursday moved toward trying to pass a stop-gap increase in the Treasury Department's $28.4 trillion borrowing authority as lawmakers rushed to stanch worries about a debt default in less than two weeks.
SEOUL (Reuters) -Samsung Electronics Co Ltd on Friday flagged a 28% jump in its third-quarter operating profit to the highest in three years, driven by rising memory chip prices and display sales for new flagship smartphone launches.
The preliminary result was up 26% from the second quarter, although just below forecasts, while the market reaction was further muted as analysts pencilled in a flat or slightly lower result this quarter on an expected fall in memory chip prices.
WASHINGTON (Reuters) - U.S. job growth likely accelerated in September as the summer wave of COVID-19 infections began to subside, fueling demand for high-contact services like dining out, and positioning the Federal Reserve to start scaling back its monthly bond buying.
SHANGHAI (Reuters) -Bonds and shares issued by Chinese property firms slumped on Friday as onshore markets returned from a week-long holiday with few clues as to how regulators propose to contain the contagion from cash-strapped China Evergrande Group's debt problems.
HONG KONG (Reuters) - Asian shares rose on Friday as Chinese shares returned from a one week holiday upbeat, tracking a global rally, while investors also eyed key U.S. jobs data for any fresh insight into the timing of Federal Reserve tapering.
Japan's Nikkei index advanced 1.8%.