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*Stock Market Today: Stocks extend rally on fading rate bets with Powell speech on deck*

U.S. equity futures nudged higher again Thursday, potentially extending Wall Street's longest wining streak in two years, amid a pullback in Treasury bond yields tied to bets that the Federal Reserve has come to the end of its rate-hiking cycle. Fed Chairman Jerome Powell could challenge that consensus later today, however, when he speaks as part of a monetary policy discussion at the Jacques Polak Annual Research Conference in Washington at 2:00 pm Eastern time. Powell, who has said on many occasions that tight financial conditions – including higher Treasury yields – are helping the Fed in its inflation fight, may determine that markets have gotten over their skis with rally that's that's extended for the S&P 500 past eight session and loped more than 50 basis points from benchmark 10-year note yields. Should Powell provide hawkish commentary today, by noting that inflation remains elevated and that job creation and economic growth remain robust, he could trigger a sharp pullback in both markets heading into the final trading days of the week. Benchmark 10-year note yields, which dipped below 4.5% for the first time since early September in the overnight session, were trading at 4.533% Thursday following a mixed auction of $40 billion in new notes on Wednesday that drew solid foreign interest but softer overall demand. Prior to Powell's speech this afternoon, markets will navigate the release of weekly jobless claims data from the Labor Department at 8:30 am Eastern time, which is expected to show that around 219,000 Americans filed for new unemployment benefits last week as hiring continues to cool into the autumn months. Markets will also digest the impact of a host of tech and media-related earnings from last night, including a mixed fourth quarter report from Disney DIS, the first formal update from chipmaker Arm Holdings since going public earlier this year, videogame maker Take-Two Interactive TTWO and movie theatre chain AMC Entertainment AMC. With all that ahead, futures are suggesting a mixed open for Wall Street, with contracts tied to the S&P 500 priced for a 3 point gain and those linked to the Dow Jones Industrial Average set for a 43 point boost thanks in part to Disney's outsized advance. The tech-focused Nasdaq is set to open little-changed from last night's closing levels. In other markets, Brent crude prices, the global benchmark, fell below the $80 mark for the first time since July in overnight trading as investors continue to discount the impact of production cuts from Russia and Saudi Arabia and focus on fading winter demand from China and Europe. Brent futures contracts for January delivery were last seen trading 63 cents higher on the session at $80.17 per barrel while WTI contracts for December added 63 cents to $75.96 per barrel. In overseas markets, Europe's Stoxx 600 was marked 0.43% higher in early Frankfurt trading, powered in part by another solid earnings session and dovish comments on rates hikes from European Central Bank Vice President Luis de Guindos. Overnight in Asia, the region-wide MSCI ex-Japan benchmark slipped 0.06% into the close of trading, while Japan's yen hit a fresh one-year low of 151.03 against the U.S. dollar, helping the export-focused Nikkei 225 close 1.49% higher on the session. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/stock-market-today-stocks-extend-rally-with-powell-speech-on-deck)
Stock Market Today: Stocks extend rally on fading rate bets with Powell speech on deck

U.S. equity futures nudged higher again Thursday, potentially extending Wall Street's longest wining streak in two years, amid a pullback in Treasury bond yields tied to bets that the Federal Reserve has come to the end of its rate-hiking cycle. Fed Chairman Jerome Powell could challenge that consensus later today, however, when he speaks as part of a monetary policy discussion at the Jacques Polak Annual Research Conference in Washington at 2:00 pm Eastern time. Powell, who has said on many occasions that tight financial conditions – including higher Treasury yields – are helping the Fed in its inflation fight, may determine that markets have gotten over their skis with rally that's that's extended for the S&P 500 past eight session and loped more than 50 basis points from benchmark 10-year note yields. Should Powell provide hawkish commentary today, by noting that inflation remains elevated and that job creation and economic growth remain robust, he could trigger a sharp pullback in both markets heading into the final trading days of the week. Benchmark 10-year note yields, which dipped below 4.5% for the first time since early September in the overnight session, were trading at 4.533% Thursday following a mixed auction of $40 billion in new notes on Wednesday that drew solid foreign interest but softer overall demand. Prior to Powell's speech this afternoon, markets will navigate the release of weekly jobless claims data from the Labor Department at 8:30 am Eastern time, which is expected to show that around 219,000 Americans filed for new unemployment benefits last week as hiring continues to cool into the autumn months. Markets will also digest the impact of a host of tech and media-related earnings from last night, including a mixed fourth quarter report from Disney DIS, the first formal update from chipmaker Arm Holdings since going public earlier this year, videogame maker Take-Two Interactive TTWO and movie theatre chain AMC Entertainment AMC. With all that ahead, futures are suggesting a mixed open for Wall Street, with contracts tied to the S&P 500 priced for a 3 point gain and those linked to the Dow Jones Industrial Average set for a 43 point boost thanks in part to Disney's outsized advance. The tech-focused Nasdaq is set to open little-changed from last night's closing levels. In other markets, Brent crude prices, the global benchmark, fell below the $80 mark for the first time since July in overnight trading as investors continue to discount the impact of production cuts from Russia and Saudi Arabia and focus on fading winter demand from China and Europe. Brent futures contracts for January delivery were last seen trading 63 cents higher on the session at $80.17 per barrel while WTI contracts for December added 63 cents to $75.96 per barrel. In overseas markets, Europe's Stoxx 600 was marked 0.43% higher in early Frankfurt trading, powered in part by another solid earnings session and dovish comments on rates hikes from European Central Bank Vice President Luis de Guindos. Overnight in Asia, the region-wide MSCI ex-Japan benchmark slipped 0.06% into the close of trading, while Japan's yen hit a fresh one-year low of 151.03 against the U.S. dollar, helping the export-focused Nikkei 225 close 1.49% higher on the session. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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Π‘ Ρ€Π΅Π»ΠΈΠ·Π° Ρ‡Π΅Ρ‚Π²Ρ‘Ρ€Ρ‚ΠΎΠΉ части ΠΏΡ€ΠΎΠΉΠ΄Ρ‘Ρ‚ 15 Π»Π΅Ρ‚.
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Match Thread: 41st Match - New Zealand vs Sri Lanka

41st Match, ICC Cricket World Cup at Bengaluru Cricinfo | Reddit-Stream | ☁️
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*Apple slips lower as European Court revives $14 billion Irish tax dispute*

Apple AAPL shares slipped lower in early Thursday trading after Europe's top court ruled that officials should review a potential $14 billion tax bill levied against the tech giant after it was tossed by judges from a lower court in 2020. Giovanni Pitruzzella, Advocate General for the European Union's Court of Justice, said the Court should vacate the 2020 ruling, made by a lower court, noting a "series of errors in law" and a flawed overall process. Pitruzzella, whose opinion to the Court of Justice is non-binding but its more often than not adopted by panel, said the Apple tax case should be reassessed. The Court of Justice will issue a formal ruling on the case early next year. The dispute centers around $14 billion in tax breaks granted to Apple by the Republic of Ireland as part of its broader investment in the country, which, unlike the United Kingdom, is a member of the European Union. Europe's General Court ruled in July of 2020 that the EU Commission, as well as Competition Commissioner Margrethe Vestager, "did not succeed in showing to the requisite legal standard that there was an advantage (in Apple's tax arrangement with the Republic of Ireland) that would have violated EU rules." The Irish government has always denied that it reached an unfair agreement on tax payments with Apple, and in fact lobbied against the $15 billion payment since the Commission made its first order more than four years ago. Apple, for its part, accused the EU of 'retroactively" changing the rules with respect to calculating taxes on profits, arguing the payments should be made in the United States, not in Europe. Apple shares were marked 0.43% lower in pre-market trading to indicate an opening bell price of $182.10 each. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/apple-slips-lower-as-european-court-revives-14-billion-irish-tax-dispute)
Apple slips lower as European Court revives $14 billion Irish tax dispute

Apple AAPL shares slipped lower in early Thursday trading after Europe's top court ruled that officials should review a potential $14 billion tax bill levied against the tech giant after it was tossed by judges from a lower court in 2020. Giovanni Pitruzzella, Advocate General for the European Union's Court of Justice, said the Court should vacate the 2020 ruling, made by a lower court, noting a "series of errors in law" and a flawed overall process. Pitruzzella, whose opinion to the Court of Justice is non-binding but its more often than not adopted by panel, said the Apple tax case should be reassessed. The Court of Justice will issue a formal ruling on the case early next year. The dispute centers around $14 billion in tax breaks granted to Apple by the Republic of Ireland as part of its broader investment in the country, which, unlike the United Kingdom, is a member of the European Union. Europe's General Court ruled in July of 2020 that the EU Commission, as well as Competition Commissioner Margrethe Vestager, "did not succeed in showing to the requisite legal standard that there was an advantage (in Apple's tax arrangement with the Republic of Ireland) that would have violated EU rules." The Irish government has always denied that it reached an unfair agreement on tax payments with Apple, and in fact lobbied against the $15 billion payment since the Commission made its first order more than four years ago. Apple, for its part, accused the EU of 'retroactively" changing the rules with respect to calculating taxes on profits, arguing the payments should be made in the United States, not in Europe. Apple shares were marked 0.43% lower in pre-market trading to indicate an opening bell price of $182.10 each. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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*18 ТСнских ΠΊΡƒΡ€Ρ‚ΠΎΠΊ, ΠΏΠ°Π»ΡŒΡ‚ΠΎ ΠΈ ΠΏΡƒΡ…ΠΎΠ²ΠΈΠΊΠΎΠ², ΠΊΠΎΡ‚ΠΎΡ€Ρ‹Π΅ сСйчас ΠΌΠΎΠΆΠ½ΠΎ ΠΊΡƒΠΏΠΈΡ‚ΡŒ со скидкой*

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*Disney stock leaps as earnings impress, cash flow forecast ignites dividend hopes*

Walt Disney DIS shares powered higher in early Thursday trading after the media and entertainment giant posted mixed fourth quarter earnings but forecast significant cash flow gains, alongside deeper cost cuts, that could restore the group's dividend over the coming year. Bob Iger, who returned as interim CEO in November of last year, has put the reinstatement of Disney's quarterly dividend at the top of his list of priorities for the group as he seeks to inject new life into its sprawling empire of studios, streaming, sports, theme parks and cruises. Disney stopped paying its regularly quarter dividend, last pegged at 88 cents per share, during the peak of the Covid pandemic in May of 2020. "As I reflect on our achievement this past year, I'm mindful of the fact that a lot of time and effort was spent on fixing, both contending with certain decisions made in the recent past and addressing the numerous challenges brought on by disruption and the pandemic," Iger told investors on a conference call late Wednesday. "And while we still have work to do to continue improving results, our progress has allowed us to move beyond this period of fixing and begin building our businesses again," he added. A large part of his turnaround effort was evident in last night's earnings release, which for the first time broke down the group's profits into three major segments, with the ESPN-lead sports division reporting as a stand-alone division. Sports-focused profits for the fourth quarter were up 14% from the same period last year to $981 million, topping Street forecasts of around $862 million, with revenues pegged at $3.91 billion. At a headline level, Disney generated just under $3 billion, in operating profits for the three months ending in September, its fiscal fourth quarter, as overall revenues rose 5.4% from last year to $21.35 billion. Disney also said it would accelerate its cost-cutting program by around $2 billion, taking it to $7.5 billion per year, and lower its content spending by around $2 billion. Collectively, Disney said that will help it grow free cash flows "significantly", later adding it sees that total at around $8 billion. "This continued robust free cash flow growth, alongside our strong balance sheet, will position us well to address our investments and shareholder return goals for the year and going forward," said interim CFO Kevin Lansberry. "To that end, we will be recommending to the board that they declare a dividend by the end of this calendar year." "While this will be just the starting point, we do see ample opportunity to continue to increase shareholder returns in the future as our earnings and free cash flow grow in the form of increased dividends or share buybacks and we look forward to sharing more as we move ahead," he added. Disney shares, a Dow component, were marked 3.86% higher in pre-market trading to indicate an opening bell price of $87.76 each, although the move would still leave the stock nursing a six month decline of around 14%, compared to a 1.6% advance for the benchmark. Overall Disney+ paid subscribers rose by 7 million from the previous quarter, the company said, doubling Street forecasts, while Hotstar subs fell by around 4 million to 37.6 million, putting the overall total at 150.2 million. Streaming-division losses were pegged at $387 million, down from around $1.5 billion last year and the $512 million loss pegged over the previous quarter. Experiences profits were up 31% from last year to $1.8 billion, topping Street forecasts, thanks to solid gains from international theme parks such as Hong Kong. while Entertainment division profits was pegged at $236 million, compared to a loss of $608 million last year.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/disney-leaps-as-earnings-impress-cash-flow-forecast-ignites-dividend-hopes)
Disney stock leaps as earnings impress, cash flow forecast ignites dividend hopes

Walt Disney DIS shares powered higher in early Thursday trading after the media and entertainment giant posted mixed fourth quarter earnings but forecast significant cash flow gains, alongside deeper cost cuts, that could restore the group's dividend over the coming year. Bob Iger, who returned as interim CEO in November of last year, has put the reinstatement of Disney's quarterly dividend at the top of his list of priorities for the group as he seeks to inject new life into its sprawling empire of studios, streaming, sports, theme parks and cruises. Disney stopped paying its regularly quarter dividend, last pegged at 88 cents per share, during the peak of the Covid pandemic in May of 2020. "As I reflect on our achievement this past year, I'm mindful of the fact that a lot of time and effort was spent on fixing, both contending with certain decisions made in the recent past and addressing the numerous challenges brought on by disruption and the pandemic," Iger told investors on a conference call late Wednesday. "And while we still have work to do to continue improving results, our progress has allowed us to move beyond this period of fixing and begin building our businesses again," he added. A large part of his turnaround effort was evident in last night's earnings release, which for the first time broke down the group's profits into three major segments, with the ESPN-lead sports division reporting as a stand-alone division. Sports-focused profits for the fourth quarter were up 14% from the same period last year to $981 million, topping Street forecasts of around $862 million, with revenues pegged at $3.91 billion. At a headline level, Disney generated just under $3 billion, in operating profits for the three months ending in September, its fiscal fourth quarter, as overall revenues rose 5.4% from last year to $21.35 billion. Disney also said it would accelerate its cost-cutting program by around $2 billion, taking it to $7.5 billion per year, and lower its content spending by around $2 billion. Collectively, Disney said that will help it grow free cash flows "significantly", later adding it sees that total at around $8 billion. "This continued robust free cash flow growth, alongside our strong balance sheet, will position us well to address our investments and shareholder return goals for the year and going forward," said interim CFO Kevin Lansberry. "To that end, we will be recommending to the board that they declare a dividend by the end of this calendar year." "While this will be just the starting point, we do see ample opportunity to continue to increase shareholder returns in the future as our earnings and free cash flow grow in the form of increased dividends or share buybacks and we look forward to sharing more as we move ahead," he added. Disney shares, a Dow component, were marked 3.86% higher in pre-market trading to indicate an opening bell price of $87.76 each, although the move would still leave the stock nursing a six month decline of around 14%, compared to a 1.6% advance for the benchmark. Overall Disney+ paid subscribers rose by 7 million from the previous quarter, the company said, doubling Street forecasts, while Hotstar subs fell by around 4 million to 37.6 million, putting the overall total at 150.2 million. Streaming-division losses were pegged at $387 million, down from around $1.5 billion last year and the $512 million loss pegged over the previous quarter. Experiences profits were up 31% from last year to $1.8 billion, topping Street forecasts, thanks to solid gains from international theme parks such as Hong Kong. while Entertainment division profits was pegged at $236 million, compared to a loss of $608 million last year.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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