*Stocks extend slump, Meta turns lower, Ford labor pact, UPS earnings mixed, Amazon on deck - 5 Things To Know*
Five things you need to know before the market opens on Thursday October 26:1. -- Stock Market Today: Stocks extend slide on Treasury yield surge, tech slump Muted tech outlooks, surging Treasury yields and intensifying fighting in the middle east has stocks looking at another lower open Thursday.2. -- Facebook owner Meta slumps as ad sales, spending outlook cloud impressive earnings beat A cautious outlook for ad sales, and big 2024 spending plans is muting market reaction to an impressive third quarter earnings report from Facebook owner Meta Platforms.3. -- Ford stock gains on tentative UAW labor pact with Q3 earnings in focus Ford looks set to be the first of the so-called Big Three carmakers to reach a labor agreement with striking UAW workers, with the tentative deal coming just hours ahead of its third quarter earnings.4. -- UPS slumps after cutting full-year sales outlook following labor hit to Q3 earnings UPS, which ended its long-running dispute with the Teamsters union in August, lowered its full-year sales outlook following a mixed third quarter earnings report.5. -- Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus Growth in Amazon's profit-driving web services division will likely be the focus of the tech and online retail giant's third quarter earnings after the close of trading Thursday.
[Read more...](https://www.thestreet.com/investing/stocks/stocks-lower-meta-slumps-ford-labor-pact-ups-earnings-amazon-on-deck)
Five things you need to know before the market opens on Thursday October 26:1. -- Stock Market Today: Stocks extend slide on Treasury yield surge, tech slump Muted tech outlooks, surging Treasury yields and intensifying fighting in the middle east has stocks looking at another lower open Thursday.2. -- Facebook owner Meta slumps as ad sales, spending outlook cloud impressive earnings beat A cautious outlook for ad sales, and big 2024 spending plans is muting market reaction to an impressive third quarter earnings report from Facebook owner Meta Platforms.3. -- Ford stock gains on tentative UAW labor pact with Q3 earnings in focus Ford looks set to be the first of the so-called Big Three carmakers to reach a labor agreement with striking UAW workers, with the tentative deal coming just hours ahead of its third quarter earnings.4. -- UPS slumps after cutting full-year sales outlook following labor hit to Q3 earnings UPS, which ended its long-running dispute with the Teamsters union in August, lowered its full-year sales outlook following a mixed third quarter earnings report.5. -- Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus Growth in Amazon's profit-driving web services division will likely be the focus of the tech and online retail giant's third quarter earnings after the close of trading Thursday.
[Read more...](https://www.thestreet.com/investing/stocks/stocks-lower-meta-slumps-ford-labor-pact-ups-earnings-amazon-on-deck)
TheStreet
Stocks extend slump, Meta turns lower, Ford labor pact, UPS earnings mixed, Amazon on deck - 5 Things To Know
Stocks lower, Meta slumps, Ford labor pact, UPS earnings, Amazon on deck
Stocks extend slump, Meta turns lower, Ford labor pact, UPS earnings mixed, Amazon on deck - 5 Things To Know
Five things you need to know before the market opens on Thursday October 26:1. -- Stock Market Today: Stocks extend slide on Treasury yield surge, tech slump Muted tech outlooks, surging Treasury yields and intensifying fighting in the middle east has stocks looking at another lower open Thursday.2. -- Facebook owner Meta slumps as ad sales, spending outlook cloud impressive earnings beat A cautious outlook for ad sales, and big 2024 spending plans is muting market reaction to an impressive third quarter earnings report from Facebook owner Meta Platforms.3. -- Ford stock gains on tentative UAW labor pact with Q3 earnings in focus Ford looks set to be the first of the so-called Big Three carmakers to reach a labor agreement with striking UAW workers, with the tentative deal coming just hours ahead of its third quarter earnings.4. -- UPS slumps after cutting full-year sales outlook following labor hit to Q3 earnings UPS, which ended its long-running dispute with the Teamsters union in August, lowered its full-year sales outlook following a mixed third quarter earnings report.5. -- Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus Growth in Amazon's profit-driving web services division will likely be the focus of the tech and online retail giant's third quarter earnings after the close of trading Thursday.
Read more...
Five things you need to know before the market opens on Thursday October 26:1. -- Stock Market Today: Stocks extend slide on Treasury yield surge, tech slump Muted tech outlooks, surging Treasury yields and intensifying fighting in the middle east has stocks looking at another lower open Thursday.2. -- Facebook owner Meta slumps as ad sales, spending outlook cloud impressive earnings beat A cautious outlook for ad sales, and big 2024 spending plans is muting market reaction to an impressive third quarter earnings report from Facebook owner Meta Platforms.3. -- Ford stock gains on tentative UAW labor pact with Q3 earnings in focus Ford looks set to be the first of the so-called Big Three carmakers to reach a labor agreement with striking UAW workers, with the tentative deal coming just hours ahead of its third quarter earnings.4. -- UPS slumps after cutting full-year sales outlook following labor hit to Q3 earnings UPS, which ended its long-running dispute with the Teamsters union in August, lowered its full-year sales outlook following a mixed third quarter earnings report.5. -- Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus Growth in Amazon's profit-driving web services division will likely be the focus of the tech and online retail giant's third quarter earnings after the close of trading Thursday.
Read more...
TheStreet
Stocks extend slump, Meta turns lower, Ford labor pact, UPS earnings mixed, Amazon on deck - 5 Things To Know
Stocks lower, Meta slumps, Ford labor pact, UPS earnings, Amazon on deck
*ΠΠΎΠ΄ΠΊΠ°ΡΡ ΠΠ°ΠΉΡΡ
Π°ΠΊΠ΅ΡΠ°: ΠΊΠ°ΠΊ ΠΆΠΈΠ²ΡΡ Π΄Π΅ΡΠΈ, ΡΠΎΠΆΠ΄ΡΠ½Π½ΡΠ΅ Ρ ΠΠΠ§-ΠΈΠ½ΡΠ΅ΠΊΡΠΈΠ΅ΠΉ*
Π Π°ΡΡΠΊΠ°Π·ΡΠ²Π°Π΅ΠΌ, ΠΏΠΎΡΠ΅ΠΌΡ Π½Π΅ ΡΡΠΎΠΈΡ ΠΏΠ΅ΡΠ΅ΠΆΠΈΠ²Π°ΡΡ, Π΅ΡΠ»ΠΈ Π² Π΄Π΅ΡΡΠΊΠΎΠΌ ΡΠ°Π΄Ρ ΠΈΠ»ΠΈ ΡΠΊΠΎΠ»Π΅ ΠΏΠΎΡΠ²ΠΈΠ»ΡΡ ΡΠ΅Π±ΡΠ½ΠΎΠΊ Ρ ΠΏΠΎΠ»ΠΎΠΆΠΈΡΠ΅Π»ΡΠ½ΡΠΌ ΡΡΠ°ΡΡΡΠΎΠΌ.
[Read more...](https://lifehacker.ru/deti-rozhdyonnye-s-vich-infekciej/)
Π Π°ΡΡΠΊΠ°Π·ΡΠ²Π°Π΅ΠΌ, ΠΏΠΎΡΠ΅ΠΌΡ Π½Π΅ ΡΡΠΎΠΈΡ ΠΏΠ΅ΡΠ΅ΠΆΠΈΠ²Π°ΡΡ, Π΅ΡΠ»ΠΈ Π² Π΄Π΅ΡΡΠΊΠΎΠΌ ΡΠ°Π΄Ρ ΠΈΠ»ΠΈ ΡΠΊΠΎΠ»Π΅ ΠΏΠΎΡΠ²ΠΈΠ»ΡΡ ΡΠ΅Π±ΡΠ½ΠΎΠΊ Ρ ΠΏΠΎΠ»ΠΎΠΆΠΈΡΠ΅Π»ΡΠ½ΡΠΌ ΡΡΠ°ΡΡΡΠΎΠΌ.
[Read more...](https://lifehacker.ru/deti-rozhdyonnye-s-vich-infekciej/)
*ΠΠΈΠ΄Ρ ΠΈ ΡΠΎΠ΄Π° Π²ΠΎΠΉΡΠΊ ΠΠ‘*
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Forma-Odezhda
ΠΠΈΠ΄Ρ ΠΈ ΡΠΎΠ΄Π° Π²ΠΎΠΉΡΠΊ ΠΠ‘ Π Π€
Π£Π·Π½Π°ΠΉΡΠ΅ ΠΎ ΠΠΈΠ΄Ρ ΠΈ ΡΠΎΠ΄Π° Π²ΠΎΠΉΡΠΊ ΠΠ‘ Π Π€ Π² ΡΠ½ΡΠΈΠΊΠ»ΠΎΠΏΠ΅Π΄ΠΈΠΈ ΠΌΠ°Π³Π°Π·ΠΈΠ½Π° Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ.
ΠΠΈΠ΄Ρ ΠΈ ΡΠΎΠ΄Π° Π²ΠΎΠΉΡΠΊ ΠΠ‘
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Forma-Odezhda
ΠΠΈΠ΄Ρ ΠΈ ΡΠΎΠ΄Π° Π²ΠΎΠΉΡΠΊ ΠΠ‘ Π Π€
Π£Π·Π½Π°ΠΉΡΠ΅ ΠΎ ΠΠΈΠ΄Ρ ΠΈ ΡΠΎΠ΄Π° Π²ΠΎΠΉΡΠΊ ΠΠ‘ Π Π€ Π² ΡΠ½ΡΠΈΠΊΠ»ΠΎΠΏΠ΅Π΄ΠΈΠΈ ΠΌΠ°Π³Π°Π·ΠΈΠ½Π° Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ.
*Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ*
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Forma-Odezhda
Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ - ΠΌΠ°Π³Π°Π·ΠΈΠ½ ΡΠΎΡΠΌΠ΅Π½Π½ΠΎΠΉ ΠΎΠ΄Π΅ΠΆΠ΄Ρ ΠΏΠΎΠ»ΠΈΡΠΈΠΈ, ΠΠ§Π‘, ΠΠΠ
ΠΠΎΠ΅Π½ΡΠΎΡΠ³ Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ - ΡΡΡΠ°Π²Π½Π°Ρ ΡΠΎΡΠΌΠ°, ΠΊΠ°ΠΌΡΡΠ»ΡΠΆ, Π²ΠΎΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π°, Π²ΠΎΠ΅Π½ΡΠΎΡΠ³ΠΈ ΠΌΠΎΡΠΊΠ²Ρ, Π°ΡΠΌΠ΅ΠΉΡΠΊΠΈΠΉ ΠΌΠ°Π³Π°Π·ΠΈΠ½, Π²ΠΎΠ΅Π½Π½ΡΠΉ ΠΌΠ°Π³Π°Π·ΠΈΠ½, ΡΠΎΡΠΌΠ° ΠΏΠΎΠ»ΠΈΡΠΈΠΈ, ΡΠΎΡΠΌΠ° ΠΠ§Π‘
Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ
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Forma-Odezhda
Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ - ΠΌΠ°Π³Π°Π·ΠΈΠ½ ΡΠΎΡΠΌΠ΅Π½Π½ΠΎΠΉ ΠΎΠ΄Π΅ΠΆΠ΄Ρ ΠΏΠΎΠ»ΠΈΡΠΈΠΈ, ΠΠ§Π‘, ΠΠΠ
ΠΠΎΠ΅Π½ΡΠΎΡΠ³ Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ - ΡΡΡΠ°Π²Π½Π°Ρ ΡΠΎΡΠΌΠ°, ΠΊΠ°ΠΌΡΡΠ»ΡΠΆ, Π²ΠΎΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π°, Π²ΠΎΠ΅Π½ΡΠΎΡΠ³ΠΈ ΠΌΠΎΡΠΊΠ²Ρ, Π°ΡΠΌΠ΅ΠΉΡΠΊΠΈΠΉ ΠΌΠ°Π³Π°Π·ΠΈΠ½, Π²ΠΎΠ΅Π½Π½ΡΠΉ ΠΌΠ°Π³Π°Π·ΠΈΠ½, ΡΠΎΡΠΌΠ° ΠΏΠΎΠ»ΠΈΡΠΈΠΈ, ΡΠΎΡΠΌΠ° ΠΠ§Π‘
*Demar =?UTF-8?B?0JrRg9C/0LjRgtGMIC0g0KTQvtGA0LzQsCDQvtC00LXQttC00Ys=?=*
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*ΠΠ°ΠΊ ΠΏΠΎΠ»ΡΠ·ΠΎΠ²Π°ΡΡΡΡ ΡΠ²Π»Π°ΠΆΠ½ΠΈΡΠ΅Π»Π΅ΠΌ Π²ΠΎΠ·Π΄ΡΡ
Π°*
ΠΡΠΎΡΡΡΠ΅ ΠΏΡΠ°Π²ΠΈΠ»Π° ΠΏΠΎΠΌΠΎΠ³ΡΡ ΠΏΡΠΎΠ΄Π»ΠΈΡΡ ΡΡΠΎΠΊ ΡΠ»ΡΠΆΠ±Ρ Π³Π°Π΄ΠΆΠ΅ΡΠ°.
[Read more...](https://lifehacker.ru/kak-polzovatsya-uvlazhnitelem-vozduxa/)
ΠΡΠΎΡΡΡΠ΅ ΠΏΡΠ°Π²ΠΈΠ»Π° ΠΏΠΎΠΌΠΎΠ³ΡΡ ΠΏΡΠΎΠ΄Π»ΠΈΡΡ ΡΡΠΎΠΊ ΡΠ»ΡΠΆΠ±Ρ Π³Π°Π΄ΠΆΠ΅ΡΠ°.
[Read more...](https://lifehacker.ru/kak-polzovatsya-uvlazhnitelem-vozduxa/)
*Watch This Guy Work, and Youβll Finally Understand the TikTok Era*
A wild ride through the algorithms that drive content, with talent manager Ursus Magana as your guide. Expect big characters and big energy! The volume of work required to stay in the algorithmsβ good graces can certainly be daunting. A 25/7 Media creator named Nixxi, who derives most of her revenue from her OnlyFans subscription fees, told me she is urged to post across multiple platforms every day, and that she uploads three foldersβ worth of content to her managerβs server every Sunday so that posts can be scheduled in advance. Another client, an Oregon-based musician who goes by 93feetofsmoke, said that he was aiming to release around 50 solo songs this year and produce as many as 70 for other artists. βYou canβt take weekends off,β he told me. βLike, I donβt take the weekends off, ever.β Read the story
[Read more...](https://longreads.com/2023/10/26/watch-this-guy-work-and-youll-finally-understand-the-tiktok-era/)
A wild ride through the algorithms that drive content, with talent manager Ursus Magana as your guide. Expect big characters and big energy! The volume of work required to stay in the algorithmsβ good graces can certainly be daunting. A 25/7 Media creator named Nixxi, who derives most of her revenue from her OnlyFans subscription fees, told me she is urged to post across multiple platforms every day, and that she uploads three foldersβ worth of content to her managerβs server every Sunday so that posts can be scheduled in advance. Another client, an Oregon-based musician who goes by 93feetofsmoke, said that he was aiming to release around 50 solo songs this year and produce as many as 70 for other artists. βYou canβt take weekends off,β he told me. βLike, I donβt take the weekends off, ever.β Read the story
[Read more...](https://longreads.com/2023/10/26/watch-this-guy-work-and-youll-finally-understand-the-tiktok-era/)
*I Tried This Pro Cleaner's Easy Technique for Cleaning Baseboards*
The best part? Not having to bend down or be on my hands and knees to do it. READ MORE...
[Read more...](https://www.apartmenttherapy.com/easy-way-clean-baseboards-pro-cleaner-37326484?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
The best part? Not having to bend down or be on my hands and knees to do it. READ MORE...
[Read more...](https://www.apartmenttherapy.com/easy-way-clean-baseboards-pro-cleaner-37326484?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
*U.S. economy rips as consumer spending powers Q3 GDP 4.9%, inflation pressures ease*
Updated at 9:51 am EDT U.S. economic growth continued to power higher over the three months ending in September, official data indicated Thursday, as consumer spending and a resilient job market pushed recession risks further into 2024. The Commerce Department estimated third quarter GDP grew at an annual pace of 4.9%, surging higher from the final 2.1% pace recorded over the three months ending in June, and well ahead of the Street's 4.5% forecast. The so-called PCE deflator, which the Federal Reserve uses as a benchmark for near-term inflation risks, was pegged at 3.5% for the quarter, also ahead of the 2.5% Street forecast. The core PCE deflator, however, which strips out food and energy prices, eased to 2.4%, the best reading since the fourth quarter of 2019, and a level that may blunt rate-hike concerns over the coming months. Consumer spending added 2.7 percentage points to the 4.9% advance, the Commerce Department data indicated, while a surprise buildup in corporate inventories β a good indicator of near-term demand β added 1.3 percentage points. The Labor Department's read of weekly jobless claims was also modestly bullish for bond markets, with the number of Americans filing for new unemployment benefits rising by 10,000 to 210,000 over the week ending on October 21.Related: Bill Ackman fails to freeze bond market meltdown as 2-year auction sees demand slump "Despite the Fedβs aggressive moves to increase interest rates to tackle runaway inflation, the economy remains resilient. Another quarter has come and gone," said Steve Rick, chief economist at TruStage, a financial services group based in Madison, Wisconsin. "The GDP remains strong and inflation continues to slow. That said, consumers are still hurting from the elevated costs of core goods as gas, rent and mortgage rates, which remained high in Q3.β βImportantly, the jobs market remains strong through the volatile, and confusing, economic environment. We expect unemployment to continue to remain below the natural long-run rate of 4.5% over the next years," he added. "This, in combination with slowing inflation, will hopefully minimize the individual effects of a potential recession.β Benchmark 10-year note yields were marked7 basis points lower from overnight levels at 4.917% immediately following the GDP data release, while 2-year notes were last seen trading at 5.069%. U.S. stocks also pared earlier pre-market declines, with the S&P 500 down just 5 points in the opening hour of trading and the Dow Jones Industrial Average adding 65 points. The CME Group's FedWatch, a real-time tracker of investor forecasts for near-term rate hikes, suggests a 98.2% chance the Fed will hold rates steady at between 5.25% and 5.5% at next week's policy meeting in Washington, with the odds of a hike over the next four months no better than 27%. "These data wonβt shift opinion at the Fed either way, given that it has been clear for a while that headline Q3 GDP growth would be strong, though the core PCE numbers are pleasant, if modest, surprise," said Ian Shepherdson of Pantheon Macroecnomics. "And the breakdown of GDP - especially the big contributions from inventories and government spending, and the softness of business capex - makes forecasts of slow Q4 growth more plausible."Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/investing/stocks/us-economy-rips-as-consumer-spending-powers-q3-gdp-4-9-inflation-eases)
Updated at 9:51 am EDT U.S. economic growth continued to power higher over the three months ending in September, official data indicated Thursday, as consumer spending and a resilient job market pushed recession risks further into 2024. The Commerce Department estimated third quarter GDP grew at an annual pace of 4.9%, surging higher from the final 2.1% pace recorded over the three months ending in June, and well ahead of the Street's 4.5% forecast. The so-called PCE deflator, which the Federal Reserve uses as a benchmark for near-term inflation risks, was pegged at 3.5% for the quarter, also ahead of the 2.5% Street forecast. The core PCE deflator, however, which strips out food and energy prices, eased to 2.4%, the best reading since the fourth quarter of 2019, and a level that may blunt rate-hike concerns over the coming months. Consumer spending added 2.7 percentage points to the 4.9% advance, the Commerce Department data indicated, while a surprise buildup in corporate inventories β a good indicator of near-term demand β added 1.3 percentage points. The Labor Department's read of weekly jobless claims was also modestly bullish for bond markets, with the number of Americans filing for new unemployment benefits rising by 10,000 to 210,000 over the week ending on October 21.Related: Bill Ackman fails to freeze bond market meltdown as 2-year auction sees demand slump "Despite the Fedβs aggressive moves to increase interest rates to tackle runaway inflation, the economy remains resilient. Another quarter has come and gone," said Steve Rick, chief economist at TruStage, a financial services group based in Madison, Wisconsin. "The GDP remains strong and inflation continues to slow. That said, consumers are still hurting from the elevated costs of core goods as gas, rent and mortgage rates, which remained high in Q3.β βImportantly, the jobs market remains strong through the volatile, and confusing, economic environment. We expect unemployment to continue to remain below the natural long-run rate of 4.5% over the next years," he added. "This, in combination with slowing inflation, will hopefully minimize the individual effects of a potential recession.β Benchmark 10-year note yields were marked7 basis points lower from overnight levels at 4.917% immediately following the GDP data release, while 2-year notes were last seen trading at 5.069%. U.S. stocks also pared earlier pre-market declines, with the S&P 500 down just 5 points in the opening hour of trading and the Dow Jones Industrial Average adding 65 points. The CME Group's FedWatch, a real-time tracker of investor forecasts for near-term rate hikes, suggests a 98.2% chance the Fed will hold rates steady at between 5.25% and 5.5% at next week's policy meeting in Washington, with the odds of a hike over the next four months no better than 27%. "These data wonβt shift opinion at the Fed either way, given that it has been clear for a while that headline Q3 GDP growth would be strong, though the core PCE numbers are pleasant, if modest, surprise," said Ian Shepherdson of Pantheon Macroecnomics. "And the breakdown of GDP - especially the big contributions from inventories and government spending, and the softness of business capex - makes forecasts of slow Q4 growth more plausible."Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/investing/stocks/us-economy-rips-as-consumer-spending-powers-q3-gdp-4-9-inflation-eases)
TheStreet
U.S. economy rips as consumer spending powers Q3 GDP 4.9%, inflation pressures ease
A softer-than-expected reading for core inflation pressures put a positive spin on surging GDP figures, allowing for a modest pullback in Treasury yields.
U.S. economy rips as consumer spending powers Q3 GDP 4.9%, inflation pressures ease
Updated at 9:51 am EDT U.S. economic growth continued to power higher over the three months ending in September, official data indicated Thursday, as consumer spending and a resilient job market pushed recession risks further into 2024. The Commerce Department estimated third quarter GDP grew at an annual pace of 4.9%, surging higher from the final 2.1% pace recorded over the three months ending in June, and well ahead of the Street's 4.5% forecast. The so-called PCE deflator, which the Federal Reserve uses as a benchmark for near-term inflation risks, was pegged at 3.5% for the quarter, also ahead of the 2.5% Street forecast. The core PCE deflator, however, which strips out food and energy prices, eased to 2.4%, the best reading since the fourth quarter of 2019, and a level that may blunt rate-hike concerns over the coming months. Consumer spending added 2.7 percentage points to the 4.9% advance, the Commerce Department data indicated, while a surprise buildup in corporate inventories β a good indicator of near-term demand β added 1.3 percentage points. The Labor Department's read of weekly jobless claims was also modestly bullish for bond markets, with the number of Americans filing for new unemployment benefits rising by 10,000 to 210,000 over the week ending on October 21.Related: Bill Ackman fails to freeze bond market meltdown as 2-year auction sees demand slump "Despite the Fedβs aggressive moves to increase interest rates to tackle runaway inflation, the economy remains resilient. Another quarter has come and gone," said Steve Rick, chief economist at TruStage, a financial services group based in Madison, Wisconsin. "The GDP remains strong and inflation continues to slow. That said, consumers are still hurting from the elevated costs of core goods as gas, rent and mortgage rates, which remained high in Q3.β βImportantly, the jobs market remains strong through the volatile, and confusing, economic environment. We expect unemployment to continue to remain below the natural long-run rate of 4.5% over the next years," he added. "This, in combination with slowing inflation, will hopefully minimize the individual effects of a potential recession.β Benchmark 10-year note yields were marked7 basis points lower from overnight levels at 4.917% immediately following the GDP data release, while 2-year notes were last seen trading at 5.069%. U.S. stocks also pared earlier pre-market declines, with the S&P 500 down just 5 points in the opening hour of trading and the Dow Jones Industrial Average adding 65 points. The CME Group's FedWatch, a real-time tracker of investor forecasts for near-term rate hikes, suggests a 98.2% chance the Fed will hold rates steady at between 5.25% and 5.5% at next week's policy meeting in Washington, with the odds of a hike over the next four months no better than 27%. "These data wonβt shift opinion at the Fed either way, given that it has been clear for a while that headline Q3 GDP growth would be strong, though the core PCE numbers are pleasant, if modest, surprise," said Ian Shepherdson of Pantheon Macroecnomics. "And the breakdown of GDP - especially the big contributions from inventories and government spending, and the softness of business capex - makes forecasts of slow Q4 growth more plausible."Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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Updated at 9:51 am EDT U.S. economic growth continued to power higher over the three months ending in September, official data indicated Thursday, as consumer spending and a resilient job market pushed recession risks further into 2024. The Commerce Department estimated third quarter GDP grew at an annual pace of 4.9%, surging higher from the final 2.1% pace recorded over the three months ending in June, and well ahead of the Street's 4.5% forecast. The so-called PCE deflator, which the Federal Reserve uses as a benchmark for near-term inflation risks, was pegged at 3.5% for the quarter, also ahead of the 2.5% Street forecast. The core PCE deflator, however, which strips out food and energy prices, eased to 2.4%, the best reading since the fourth quarter of 2019, and a level that may blunt rate-hike concerns over the coming months. Consumer spending added 2.7 percentage points to the 4.9% advance, the Commerce Department data indicated, while a surprise buildup in corporate inventories β a good indicator of near-term demand β added 1.3 percentage points. The Labor Department's read of weekly jobless claims was also modestly bullish for bond markets, with the number of Americans filing for new unemployment benefits rising by 10,000 to 210,000 over the week ending on October 21.Related: Bill Ackman fails to freeze bond market meltdown as 2-year auction sees demand slump "Despite the Fedβs aggressive moves to increase interest rates to tackle runaway inflation, the economy remains resilient. Another quarter has come and gone," said Steve Rick, chief economist at TruStage, a financial services group based in Madison, Wisconsin. "The GDP remains strong and inflation continues to slow. That said, consumers are still hurting from the elevated costs of core goods as gas, rent and mortgage rates, which remained high in Q3.β βImportantly, the jobs market remains strong through the volatile, and confusing, economic environment. We expect unemployment to continue to remain below the natural long-run rate of 4.5% over the next years," he added. "This, in combination with slowing inflation, will hopefully minimize the individual effects of a potential recession.β Benchmark 10-year note yields were marked7 basis points lower from overnight levels at 4.917% immediately following the GDP data release, while 2-year notes were last seen trading at 5.069%. U.S. stocks also pared earlier pre-market declines, with the S&P 500 down just 5 points in the opening hour of trading and the Dow Jones Industrial Average adding 65 points. The CME Group's FedWatch, a real-time tracker of investor forecasts for near-term rate hikes, suggests a 98.2% chance the Fed will hold rates steady at between 5.25% and 5.5% at next week's policy meeting in Washington, with the odds of a hike over the next four months no better than 27%. "These data wonβt shift opinion at the Fed either way, given that it has been clear for a while that headline Q3 GDP growth would be strong, though the core PCE numbers are pleasant, if modest, surprise," said Ian Shepherdson of Pantheon Macroecnomics. "And the breakdown of GDP - especially the big contributions from inventories and government spending, and the softness of business capex - makes forecasts of slow Q4 growth more plausible."Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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TheStreet
U.S. economy rips as consumer spending powers Q3 GDP 4.9%, inflation pressures ease
A softer-than-expected reading for core inflation pressures put a positive spin on surging GDP figures, allowing for a modest pullback in Treasury yields.
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*Mark Zuckerberg's Facebook earnings call caused Elon Musk even more pain*
Meta Platforms (META) - Get Free Report, the social media giant behind Facebook, Instagram and WhatsApp, posted strong third-quarter results after the bell Wednesday. Group revenues surged more than 23% to $34.15 billion while monthly active users across its "family of apps" jumped close to four billion. Meta additionally reported earnings of $4.39 per share, coming well above Street expectations of $3.70. Despite this, the stock tumbled in after-hours trading on notes of caution sounded by Susan Li, Meta's CFO. Li said that Meta is "seeing more volatility at the start of the quarter" due to the conflict in the Middle East. This softening in ad spend caused the company to broaden its guidance range to $36.5 billion to $40 billion, "to capture that uncertainty."Related: Facebook whistleblower praises Mark Zuckerberg's recent troubles as a 'historic day' "Historically, we have seen broader demand softness follow other regional conflicts in the past," Li said. "We've reflected the latest trends and advertiser reaction that we've seen into our Q4 outlook, which again, we think, reflects the greater uncertainty and volatility in the landscape ahead." Meta shares, closing the day down around 4%, fell another 2.5% in pre-market trading Thursday and look set to open at around $292 each. The Tesla connection Tesla (TSLA) - Get Free Report shares have also been falling since the company reported earnings last week, a movement largely attributed to the company's falling gross margins and likely interest in more price cuts. But CEO Elon Musk blamed the company's struggles on macroeconomic factors β namely, high interest rates β that are outside of Tesla's control. Mark Zuckerberg, Meta's CEO, said in the company's earnings call Wednesday that Threads, its Twitter challenger, is "just under 100 million" monthly active users. Bloomberg/Getty Images Li's somewhat similar warning that fourth-quarter revenue would be dependent on macroeconomic factors, according to Gary Black, managing partner of The Future Fund, seemed to infect Tesla's stock as well. Tesla shares, closing the day down nearly 2%, were marked 0.9% lower in pre-market trading. "Big (difference) between Tesla and Meta: Tesla missed on 3Q gross margins and earnings and the CEO signaled more price cuts for 4Q," Black wrote. "Meta beat for 3Q and guided in line for 4Q. Numbers matter."Related: Why Tesla stock is crumbling β and where it could go nextThe Street's Meta overreaction Citing the strong earnings beat that Meta reported, Black said that the after-hours stock dip seems to be an "overreaction," an impression shared by Deepwater Management's Gene Munster. Munster, noting that the company's operating margin came in at 40%, about double what it was last year, said that "investors are getting concerned for little reason." Meta "guided December revenue up by about 2%, and that increased guidance factors in the 'softness' early in the quarter," he said. "My read is they could have raised estimates by more if not for the geopolitical headwind." Meta's strong quarterly results came just a day after more than 40 U.S. state attorneys general sued the company, accusing it of exploiting young users by pushing addictive features that have resulted in broad psychological damage. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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Meta Platforms (META) - Get Free Report, the social media giant behind Facebook, Instagram and WhatsApp, posted strong third-quarter results after the bell Wednesday. Group revenues surged more than 23% to $34.15 billion while monthly active users across its "family of apps" jumped close to four billion. Meta additionally reported earnings of $4.39 per share, coming well above Street expectations of $3.70. Despite this, the stock tumbled in after-hours trading on notes of caution sounded by Susan Li, Meta's CFO. Li said that Meta is "seeing more volatility at the start of the quarter" due to the conflict in the Middle East. This softening in ad spend caused the company to broaden its guidance range to $36.5 billion to $40 billion, "to capture that uncertainty."Related: Facebook whistleblower praises Mark Zuckerberg's recent troubles as a 'historic day' "Historically, we have seen broader demand softness follow other regional conflicts in the past," Li said. "We've reflected the latest trends and advertiser reaction that we've seen into our Q4 outlook, which again, we think, reflects the greater uncertainty and volatility in the landscape ahead." Meta shares, closing the day down around 4%, fell another 2.5% in pre-market trading Thursday and look set to open at around $292 each. The Tesla connection Tesla (TSLA) - Get Free Report shares have also been falling since the company reported earnings last week, a movement largely attributed to the company's falling gross margins and likely interest in more price cuts. But CEO Elon Musk blamed the company's struggles on macroeconomic factors β namely, high interest rates β that are outside of Tesla's control. Mark Zuckerberg, Meta's CEO, said in the company's earnings call Wednesday that Threads, its Twitter challenger, is "just under 100 million" monthly active users. Bloomberg/Getty Images Li's somewhat similar warning that fourth-quarter revenue would be dependent on macroeconomic factors, according to Gary Black, managing partner of The Future Fund, seemed to infect Tesla's stock as well. Tesla shares, closing the day down nearly 2%, were marked 0.9% lower in pre-market trading. "Big (difference) between Tesla and Meta: Tesla missed on 3Q gross margins and earnings and the CEO signaled more price cuts for 4Q," Black wrote. "Meta beat for 3Q and guided in line for 4Q. Numbers matter."Related: Why Tesla stock is crumbling β and where it could go nextThe Street's Meta overreaction Citing the strong earnings beat that Meta reported, Black said that the after-hours stock dip seems to be an "overreaction," an impression shared by Deepwater Management's Gene Munster. Munster, noting that the company's operating margin came in at 40%, about double what it was last year, said that "investors are getting concerned for little reason." Meta "guided December revenue up by about 2%, and that increased guidance factors in the 'softness' early in the quarter," he said. "My read is they could have raised estimates by more if not for the geopolitical headwind." Meta's strong quarterly results came just a day after more than 40 U.S. state attorneys general sued the company, accusing it of exploiting young users by pushing addictive features that have resulted in broad psychological damage. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/technology/mark-zuckerbergs-facebook-earnings-call-elon-musk-tesla-stock)
TheStreet
Mark Zuckerberg's Facebook earnings call caused Elon Musk even more pain
Facebook and Instagram parent Meta reported strong third-quarter results Wednesday.
Mark Zuckerberg's Facebook earnings call caused Elon Musk even more pain
Meta Platforms (META) - Get Free Report, the social media giant behind Facebook, Instagram and WhatsApp, posted strong third-quarter results after the bell Wednesday. Group revenues surged more than 23% to $34.15 billion while monthly active users across its "family of apps" jumped close to four billion. Meta additionally reported earnings of $4.39 per share, coming well above Street expectations of $3.70. Despite this, the stock tumbled in after-hours trading on notes of caution sounded by Susan Li, Meta's CFO. Li said that Meta is "seeing more volatility at the start of the quarter" due to the conflict in the Middle East. This softening in ad spend caused the company to broaden its guidance range to $36.5 billion to $40 billion, "to capture that uncertainty."Related: Facebook whistleblower praises Mark Zuckerberg's recent troubles as a 'historic day' "Historically, we have seen broader demand softness follow other regional conflicts in the past," Li said. "We've reflected the latest trends and advertiser reaction that we've seen into our Q4 outlook, which again, we think, reflects the greater uncertainty and volatility in the landscape ahead." Meta shares, closing the day down around 4%, fell another 2.5% in pre-market trading Thursday and look set to open at around $292 each. The Tesla connection Tesla (TSLA) - Get Free Report shares have also been falling since the company reported earnings last week, a movement largely attributed to the company's falling gross margins and likely interest in more price cuts. But CEO Elon Musk blamed the company's struggles on macroeconomic factors β namely, high interest rates β that are outside of Tesla's control. Mark Zuckerberg, Meta's CEO, said in the company's earnings call Wednesday that Threads, its Twitter challenger, is "just under 100 million" monthly active users. Bloomberg/Getty Images Li's somewhat similar warning that fourth-quarter revenue would be dependent on macroeconomic factors, according to Gary Black, managing partner of The Future Fund, seemed to infect Tesla's stock as well. Tesla shares, closing the day down nearly 2%, were marked 0.9% lower in pre-market trading. "Big (difference) between Tesla and Meta: Tesla missed on 3Q gross margins and earnings and the CEO signaled more price cuts for 4Q," Black wrote. "Meta beat for 3Q and guided in line for 4Q. Numbers matter."Related: Why Tesla stock is crumbling β and where it could go nextThe Street's Meta overreaction Citing the strong earnings beat that Meta reported, Black said that the after-hours stock dip seems to be an "overreaction," an impression shared by Deepwater Management's Gene Munster. Munster, noting that the company's operating margin came in at 40%, about double what it was last year, said that "investors are getting concerned for little reason." Meta "guided December revenue up by about 2%, and that increased guidance factors in the 'softness' early in the quarter," he said. "My read is they could have raised estimates by more if not for the geopolitical headwind." Meta's strong quarterly results came just a day after more than 40 U.S. state attorneys general sued the company, accusing it of exploiting young users by pushing addictive features that have resulted in broad psychological damage. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
Read more...
Meta Platforms (META) - Get Free Report, the social media giant behind Facebook, Instagram and WhatsApp, posted strong third-quarter results after the bell Wednesday. Group revenues surged more than 23% to $34.15 billion while monthly active users across its "family of apps" jumped close to four billion. Meta additionally reported earnings of $4.39 per share, coming well above Street expectations of $3.70. Despite this, the stock tumbled in after-hours trading on notes of caution sounded by Susan Li, Meta's CFO. Li said that Meta is "seeing more volatility at the start of the quarter" due to the conflict in the Middle East. This softening in ad spend caused the company to broaden its guidance range to $36.5 billion to $40 billion, "to capture that uncertainty."Related: Facebook whistleblower praises Mark Zuckerberg's recent troubles as a 'historic day' "Historically, we have seen broader demand softness follow other regional conflicts in the past," Li said. "We've reflected the latest trends and advertiser reaction that we've seen into our Q4 outlook, which again, we think, reflects the greater uncertainty and volatility in the landscape ahead." Meta shares, closing the day down around 4%, fell another 2.5% in pre-market trading Thursday and look set to open at around $292 each. The Tesla connection Tesla (TSLA) - Get Free Report shares have also been falling since the company reported earnings last week, a movement largely attributed to the company's falling gross margins and likely interest in more price cuts. But CEO Elon Musk blamed the company's struggles on macroeconomic factors β namely, high interest rates β that are outside of Tesla's control. Mark Zuckerberg, Meta's CEO, said in the company's earnings call Wednesday that Threads, its Twitter challenger, is "just under 100 million" monthly active users. Bloomberg/Getty Images Li's somewhat similar warning that fourth-quarter revenue would be dependent on macroeconomic factors, according to Gary Black, managing partner of The Future Fund, seemed to infect Tesla's stock as well. Tesla shares, closing the day down nearly 2%, were marked 0.9% lower in pre-market trading. "Big (difference) between Tesla and Meta: Tesla missed on 3Q gross margins and earnings and the CEO signaled more price cuts for 4Q," Black wrote. "Meta beat for 3Q and guided in line for 4Q. Numbers matter."Related: Why Tesla stock is crumbling β and where it could go nextThe Street's Meta overreaction Citing the strong earnings beat that Meta reported, Black said that the after-hours stock dip seems to be an "overreaction," an impression shared by Deepwater Management's Gene Munster. Munster, noting that the company's operating margin came in at 40%, about double what it was last year, said that "investors are getting concerned for little reason." Meta "guided December revenue up by about 2%, and that increased guidance factors in the 'softness' early in the quarter," he said. "My read is they could have raised estimates by more if not for the geopolitical headwind." Meta's strong quarterly results came just a day after more than 40 U.S. state attorneys general sued the company, accusing it of exploiting young users by pushing addictive features that have resulted in broad psychological damage. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
Read more...
TheStreet
Mark Zuckerberg's Facebook earnings call caused Elon Musk even more pain
Facebook and Instagram parent Meta reported strong third-quarter results Wednesday.
*Amazfit ΠΏΡΠ΅Π΄ΡΡΠ°Π²ΠΈΠ»Π° ΠΊΡΡΠ³Π»ΡΠ΅ ΡΠ°ΡΡ Active Edge Ρ GPS ΠΈ Π°Π²ΡΠΎΠ½ΠΎΠΌΠ½ΠΎΡΡΡΡ 16 Π΄Π½Π΅ΠΉ*
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Π ΠΏΡΠΈΠ»ΠΎΠΆΠ΅Π½ΠΈΠΈ Zepp ΠΏΠΎΡΠ²ΠΈΠ»ΡΡ ΠΏΠ΅ΡΡΠΎΠ½Π°Π»ΡΠ½ΡΠΉ ΠΊΠΎΡΡ Π½Π° Π±Π°Π·Π΅ ΠΠ, ΠΊΠΎΡΠΎΡΡΠΉ Π΄Π°ΡΡ ΡΠΎΠ²Π΅ΡΡ ΠΏΠΎ ΡΡΠ΅Π½ΠΈΡΠΎΠ²ΠΊΠ°ΠΌ ΠΈ ΠΏΠΈΡΠ°Π½ΠΈΡ.
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