Live Market News Shares Fall For The Day And Week As Investors Digest Jobs Data Oil Slips To 86 Losing 6 For The Week Ahead Of Opec Meeting

Dow, S&P, Nasdaq retreat to end week

U.S. stocks reversed all gains on Friday to close lower across the board despite a solid monthly jobs report for August in which employers added 315,000 workers. For the week, the S&P 500 and Dow Jones Industrial Average fell 3% apiece, while the tech-heavy Nasdaq Composite lost 4.2%. SymbolPriceChange%ChangeWBA $35,270,010.01CVS $99.33-0.59-0.60 RAD $6,840,101.41 Pharmacies across the country have begun rolling out updated COVID-19 boosters targeting the more common omicron strain. The new boosters were approved by federal health officials earlier this week in hopes of preventing another winter spike in cases while also reducing the ongoing spread of BA.5 omicron cases.

Yogurt company Chobani withdraws initial public offering

Chobani has decided not to go public at this time. The strained yogurt food company told the Securities and Exchange Commission: “The company has decided not to pursue, at this time, the intended initial public offering…”. No reason was given in the filing. The company filed for an IPO in November. It said it planned to use the proceeds to pay down debt and buy back units held by executives. The remaining proceeds will be used for capital investments or other general corporate purposes. In March, the company suspended its plans due to market conditions. An initial public offering could value the company at between $7 billion and $10 billion, media reported at the time.

US markets are ‘very messy’ and unlike any previous economic model: Ray Wa

Constellation Research analyst and founder Ray Wang provides professional analysis of US markets as Nasdaq on pace for sixth straight decline in ‘Cavuto: Coast to Coast’. Case in progress

Dow gives up 300+ point rally

By early afternoon, US stocks had given up most of their earlier gains on August jobs growth of 315,000. The Dow Jones Industrial Average reversed a gain of 300+ points. Dow Jones Averages. $ 31989.42 While Salesforce, JPMorgan and Chevron held up, Dow and 3M averaged. A consortium led by Chinese management Hollysys Automation Technologies plans to take the U.S.-listed automation and control systems maker private in a deal that would value the company at $1.8 billion, people with knowledge of the matter said. The management team, led by founder and CEO Wang Changli, won approval for the deal from the Beijing municipal government, where the company is based, the people said. The group, acting under the guidance of the local government, has joined hands with a Beijing-based state-owned company for the potential deal, they added.

Bayer to pay $40 million to settle Trasylol, Avelox and Baycol lawsuits

SymbolPriceChange%ChangeBAYRY$12.970.151.14 Bayer Corporation and its related entities have agreed to pay $40 million to resolve alleged violations of the False Claims Act related to the drugs Trasylol, Avelox and Baycol, the Justice Department said. A “whistleblower” lawsuit accused the drugmaker of paying kickbacks to hospitals and doctors to induce them to use the drugs Trasylol and Avelox, and also making those drugs available for off-label uses that were not reasonable and necessary. The complaint further alleges that Bayer downplayed the safety risks of Trasylol. A second lawsuit over Bayer’s statin drug, Baycol, alleges that Bayer knew about but downplayed Baycol’s risks of causing rhabdomyolysis.

NASA plans to launch Artemis I on Saturday

NASA is targeting Saturday’s 2:17 p.m. EDT for the launch of Artemis I, the first complete test of NASA’s Space Launch System (SLS) rocket, Orion spacecraft and ground systems at the agency’s Kennedy Space Center in Florida. The Artemis I flight test is an uncrewed mission around the Moon aimed at paving the way for a crewed flight test and future human exploration of the Moon as part of the Artemis program. Live coverage of the events will be broadcast on NASA TV, the NASA app and the agency’s website at: https://www.nasa.gov/live. The launch countdown will continue Saturday at the start of a scheduled 2.5-hour built-in hold, which will begin at 4:37 a.m. NASA’S ARTEMIS 1 MISSION MOON ROCKET LAUNCH AVOIDS AFTER DELAYS

Lufthansa cancels hundreds of flights as pilots strike over pay

SymbolPriceChange%ChangeDLAKY$6,000,152.53 Lufthansa pilots went on strike on Friday, forcing the German airline to cancel hundreds of flights, barring holidaymakers. The airline said it canceled around 800 flights at its main bases in Frankfurt and Munich on Friday, affecting 130,000 passengers, and said it was working steadily to minimize the impact of the strike. The Vereinigung Cockpit (VC) trade union had called more than 5,000 Lufthansa pilots for a 24-hour strike, saying the latest round of wage talks had failed. Strikes and staff shortages have already forced several airlines, including Lufthansa, to cancel thousands of flights this summer, leading to long queues at major airports, frustrating people eager to resume travel after the COVID-19 lockdowns. The VC union is demanding a 5.5% pay rise this year and automatic inflation compensation thereafter, as well as better conditions for entry pilots. Lufthansa said the VC demands would increase its staff costs by 40%, or about 900 million euros ($899 million) over the next two years.

A dating attraction for sane people

Investor Peter Thiel has made billions from founding and backing companies including PayPal. In one of his latest finds, he provided a small amount of funding to a dating site that caters to conservatives. Thiel, an early supporter of then-presidential candidate Donald Trump, has criticized those who shun the right in Silicon Valley.

Lululemon shares soar

Lululemon shares are on track for their best percentage gain since March 2020, when they rose 11.86%, according to Dow Jones Market Data Group tracking. The sportswear maker posted revenue of $1.87 billion, a 29% rise above estimates. Comp store sales increased 25%. Lululemon Athletica Inc. $ 326.36 Breaking news

Dow, S&P, Nasdaq rise after steady jobs report

All three major averages rose on Friday after the August jobs report showed employers added 315,000 workers while the unemployment rate edged up to 3.7 percent. However, for the week stocks are headed for losses. In commodities, oil gained nearly 3% to $89 a barrel.

Meet the new CEO of Starbucks

Starbucks has announced that it has hired Laxman Narasimhan as its new CEO. He will replace Howard Schultz who returned to the coffee giant following the departure of Kevin Thompson. Narasimhan will inherit a company that is seeing a national wave of unionization. Breaking news

The August jobs report was in line with expectations that the US economy is holding up while tackling inflation.

Shell chief executive Ben van Beurden will step down

Shell CEO Ben van Beurden will step down next year after leading the British oil and gas multinational since 2014. Shell has four candidates shortlisted to replace him, sources told Reuters. The candidates have been narrowed down to Wael Sawan, Shell’s head of integrated gas and renewables, and Huibert Vigeveno, who heads the company’s downstream refining operations. Newly appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also being considered as potential successors. Click here to read more on the story: Shell CEO Ben van Beurden to step down next year, successors lined up

August jobs will be released on Friday

The week’s key economic report, the August employment report released Friday morning, is expected to show a solid labor market that is beginning to rest. Economists expect the Labor Department to say the U.S. economy added 300,000 new nonfarm payroll jobs in August. That’s down from a blowout gain of 528,000 in July. “If the consensus among economists is close to correcting, the number of jobs added in August will be the lowest in over a year,” said Mark Hamrick, senior economic analyst at Bankrate.com. “At the same time, the unemployment rate is at 3.5%, the lowest point since the pandemic, corresponding to a decade low.” The manufacturing sector likely added 20,000 jobs in August, following a larger-than-expected increase of 30,000 the previous month. Look for hourly earnings to increase 0.4% month over month and up 5.3% from a year ago. Click here for more: Jobs report, Lululemon shares rise and more: 5 things to know on Friday

California grid operator urges conservation for 3rd straight day amid ‘worst heatwave’

California’s grid operator issued a statewide appeal for energy conservation for the third day in a row as the state continues to experience record temperatures. In the California Independent System Operator’s (ISO) latest Flex Alert issued for September 2, 2022, the ISO called for voluntary energy conservation amid triple-digit temperatures, including encouraging homeowners not to use large appliances between 4 p.m. . and 9 p.m. The alert also urges homeowners not to set their thermostats below 78 degrees. “Consumer conservation efforts helped maintain the stability of the power grid yesterday, and California’s Independent System Operator (ISO) is calling for additional protection and preparation for possible emergency actions as the state and much of the western U.S. bear the brunt of heat wave so far this summer,” an ISO press release read. “Further conservation appeals are likely over Labor Day,” he added. Here’s more on the story: California power grid operator urges restraint amid ‘worst heat wave’ this year

Conservative dating app ‘The Right Stuff’, founded by Trump officials, is set to launch

A new dating app called The Right Stuff is set to launch later this month and promises to be an alternative for conservatives looking to date someone who shares their values. The Right Stuff was founded by former Trump administration officials…

title: “Live Market News Shares Fall For The Day And Week As Investors Digest Jobs Data Oil Slips To 86 Losing 6 For The Week Ahead Of Opec Meeting Klmat” ShowToc: true date: “2022-10-22” author: “Angela Church”

Dow, S&P, Nasdaq retreat to end week

U.S. stocks reversed all gains on Friday to close lower across the board despite a solid monthly jobs report for August in which employers added 315,000 workers. For the week, the S&P 500 and Dow Jones Industrial Average fell 3% apiece, while the tech-heavy Nasdaq Composite lost 4.2%. SymbolPriceChange%ChangeWBA $35,270,010.01CVS $99.33-0.59-0.60 RAD $6,840,101.41 Pharmacies across the country have begun rolling out updated COVID-19 boosters targeting the more common omicron strain. The new boosters were approved by federal health officials earlier this week in hopes of preventing another winter spike in cases while also reducing the ongoing spread of BA.5 omicron cases.

Yogurt company Chobani withdraws initial public offering

Chobani has decided not to go public at this time. The strained yogurt food company told the Securities and Exchange Commission: “The company has decided not to pursue, at this time, the intended initial public offering…”. No reason was given in the filing. The company filed for an IPO in November. It said it planned to use the proceeds to pay down debt and buy back units held by executives. The remaining proceeds will be used for capital investments or other general corporate purposes. In March, the company suspended its plans due to market conditions. An initial public offering could value the company at between $7 billion and $10 billion, media reported at the time.

US markets are ‘very messy’ and unlike any previous economic model: Ray Wa

Constellation Research analyst and founder Ray Wang provides professional analysis of US markets as Nasdaq on pace for sixth straight decline in ‘Cavuto: Coast to Coast’. Case in progress

Dow gives up 300+ point rally

By early afternoon, US stocks had given up most of their earlier gains on August jobs growth of 315,000. The Dow Jones Industrial Average reversed a gain of 300+ points. Dow Jones Averages. $ 31989.42 While Salesforce, JPMorgan and Chevron held up, Dow and 3M averaged. A consortium led by Chinese management Hollysys Automation Technologies plans to take the U.S.-listed automation and control systems maker private in a deal that would value the company at $1.8 billion, people with knowledge of the matter said. The management team, led by founder and CEO Wang Changli, won approval for the deal from the Beijing municipal government, where the company is based, the people said. The group, acting under the guidance of the local government, has joined hands with a Beijing-based state-owned company for the potential deal, they added.

Bayer to pay $40 million to settle Trasylol, Avelox and Baycol lawsuits

SymbolPriceChange%ChangeBAYRY$12.970.151.14 Bayer Corporation and its related entities have agreed to pay $40 million to resolve alleged violations of the False Claims Act related to the drugs Trasylol, Avelox and Baycol, the Justice Department said. A “whistleblower” lawsuit accused the drugmaker of paying kickbacks to hospitals and doctors to induce them to use the drugs Trasylol and Avelox, and also making those drugs available for off-label uses that were not reasonable and necessary. The complaint further alleges that Bayer downplayed the safety risks of Trasylol. A second lawsuit over Bayer’s statin drug, Baycol, alleges that Bayer knew about but downplayed Baycol’s risks of causing rhabdomyolysis.

NASA plans to launch Artemis I on Saturday

NASA is targeting Saturday’s 2:17 p.m. EDT for the launch of Artemis I, the first complete test of NASA’s Space Launch System (SLS) rocket, Orion spacecraft and ground systems at the agency’s Kennedy Space Center in Florida. The Artemis I flight test is an uncrewed mission around the Moon aimed at paving the way for a crewed flight test and future human exploration of the Moon as part of the Artemis program. Live coverage of the events will be broadcast on NASA TV, the NASA app and the agency’s website at: https://www.nasa.gov/live. The launch countdown will continue Saturday at the start of a scheduled 2.5-hour built-in hold, which will begin at 4:37 a.m. NASA’S ARTEMIS 1 MISSION MOON ROCKET LAUNCH AVOIDS AFTER DELAYS

Lufthansa cancels hundreds of flights as pilots strike over pay

SymbolPriceChange%ChangeDLAKY$6,000,152.53 Lufthansa pilots went on strike on Friday, forcing the German airline to cancel hundreds of flights, barring holidaymakers. The airline said it canceled around 800 flights at its main bases in Frankfurt and Munich on Friday, affecting 130,000 passengers, and said it was working steadily to minimize the impact of the strike. The Vereinigung Cockpit (VC) trade union had called more than 5,000 Lufthansa pilots for a 24-hour strike, saying the latest round of wage talks had failed. Strikes and staff shortages have already forced several airlines, including Lufthansa, to cancel thousands of flights this summer, leading to long queues at major airports, frustrating people eager to resume travel after the COVID-19 lockdowns. The VC union is demanding a 5.5% pay rise this year and automatic inflation compensation thereafter, as well as better conditions for entry pilots. Lufthansa said the VC demands would increase its staff costs by 40%, or about 900 million euros ($899 million) over the next two years.

A dating attraction for sane people

Investor Peter Thiel has made billions from founding and backing companies including PayPal. In one of his latest finds, he provided a small amount of funding to a dating site that caters to conservatives. Thiel, an early supporter of then-presidential candidate Donald Trump, has criticized those who shun the right in Silicon Valley.

Lululemon shares soar

Lululemon shares are on track for their best percentage gain since March 2020, when they rose 11.86%, according to Dow Jones Market Data Group tracking. The sportswear maker posted revenue of $1.87 billion, a 29% rise above estimates. Comp store sales increased 25%. Lululemon Athletica Inc. $ 326.36 Breaking news

Dow, S&P, Nasdaq rise after steady jobs report

All three major averages rose on Friday after the August jobs report showed employers added 315,000 workers while the unemployment rate edged up to 3.7 percent. However, for the week stocks are headed for losses. In commodities, oil gained nearly 3% to $89 a barrel.

Meet the new CEO of Starbucks

Starbucks has announced that it has hired Laxman Narasimhan as its new CEO. He will replace Howard Schultz who returned to the coffee giant following the departure of Kevin Thompson. Narasimhan will inherit a company that is seeing a national wave of unionization. Breaking news

The August jobs report was in line with expectations that the US economy is holding up while tackling inflation.

Shell chief executive Ben van Beurden will step down

Shell CEO Ben van Beurden will step down next year after leading the British oil and gas multinational since 2014. Shell has four candidates shortlisted to replace him, sources told Reuters. The candidates have been narrowed down to Wael Sawan, Shell’s head of integrated gas and renewables, and Huibert Vigeveno, who heads the company’s downstream refining operations. Newly appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also being considered as potential successors. Click here to read more on the story: Shell CEO Ben van Beurden to step down next year, successors lined up

August jobs will be released on Friday

The week’s key economic report, the August employment report released Friday morning, is expected to show a solid labor market that is beginning to rest. Economists expect the Labor Department to say the U.S. economy added 300,000 new nonfarm payroll jobs in August. That’s down from a blowout gain of 528,000 in July. “If the consensus among economists is close to correcting, the number of jobs added in August will be the lowest in over a year,” said Mark Hamrick, senior economic analyst at Bankrate.com. “At the same time, the unemployment rate is at 3.5%, the lowest point since the pandemic, corresponding to a decade low.” The manufacturing sector likely added 20,000 jobs in August, following a larger-than-expected increase of 30,000 the previous month. Look for hourly earnings to increase 0.4% month over month and up 5.3% from a year ago. Click here for more: Jobs report, Lululemon shares rise and more: 5 things to know on Friday

California grid operator urges conservation for 3rd straight day amid ‘worst heatwave’

California’s grid operator issued a statewide appeal for energy conservation for the third day in a row as the state continues to experience record temperatures. In the California Independent System Operator’s (ISO) latest Flex Alert issued for September 2, 2022, the ISO called for voluntary energy conservation amid triple-digit temperatures, including encouraging homeowners not to use large appliances between 4 p.m. . and 9 p.m. The alert also urges homeowners not to set their thermostats below 78 degrees. “Consumer conservation efforts helped maintain the stability of the power grid yesterday, and California’s Independent System Operator (ISO) is calling for additional protection and preparation for possible emergency actions as the state and much of the western U.S. bear the brunt of heat wave so far this summer,” an ISO press release read. “Further conservation appeals are likely over Labor Day,” he added. Here’s more on the story: California power grid operator urges restraint amid ‘worst heat wave’ this year

Conservative dating app ‘The Right Stuff’, founded by Trump officials, is set to launch

A new dating app called The Right Stuff is set to launch later this month and promises to be an alternative for conservatives looking to date someone who shares their values. The Right Stuff was founded by former Trump administration officials…

title: “Live Market News Shares Fall For The Day And Week As Investors Digest Jobs Data Oil Slips To 86 Losing 6 For The Week Ahead Of Opec Meeting Klmat” ShowToc: true date: “2022-10-21” author: “Josephine Martinez”

Dow, S&P, Nasdaq retreat to end week

U.S. stocks reversed all gains on Friday to close lower across the board despite a solid monthly jobs report for August in which employers added 315,000 workers. For the week, the S&P 500 and Dow Jones Industrial Average fell 3% apiece, while the tech-heavy Nasdaq Composite lost 4.2%. SymbolPriceChange%ChangeWBA $35,270,010.01CVS $99.33-0.59-0.60 RAD $6,840,101.41 Pharmacies across the country have begun rolling out updated COVID-19 boosters targeting the more common omicron strain. The new boosters were approved by federal health officials earlier this week in hopes of preventing another winter spike in cases while also reducing the ongoing spread of BA.5 omicron cases.

Yogurt company Chobani withdraws initial public offering

Chobani has decided not to go public at this time. The strained yogurt food company told the Securities and Exchange Commission: “The company has decided not to pursue, at this time, the intended initial public offering…”. No reason was given in the filing. The company filed for an IPO in November. It said it planned to use the proceeds to pay down debt and buy back units held by executives. The remaining proceeds will be used for capital investments or other general corporate purposes. In March, the company suspended its plans due to market conditions. An initial public offering could value the company at between $7 billion and $10 billion, media reported at the time.

US markets are ‘very messy’ and unlike any previous economic model: Ray Wa

Constellation Research analyst and founder Ray Wang provides professional analysis of US markets as Nasdaq on pace for sixth straight decline in ‘Cavuto: Coast to Coast’. Case in progress

Dow gives up 300+ point rally

By early afternoon, US stocks had given up most of their earlier gains on August jobs growth of 315,000. The Dow Jones Industrial Average reversed a gain of 300+ points. Dow Jones Averages. $ 31989.42 While Salesforce, JPMorgan and Chevron held up, Dow and 3M averaged. A consortium led by Chinese management Hollysys Automation Technologies plans to take the U.S.-listed automation and control systems maker private in a deal that would value the company at $1.8 billion, people with knowledge of the matter said. The management team, led by founder and CEO Wang Changli, won approval for the deal from the Beijing municipal government, where the company is based, the people said. The group, acting under the guidance of the local government, has joined hands with a Beijing-based state-owned company for the potential deal, they added.

Bayer to pay $40 million to settle Trasylol, Avelox and Baycol lawsuits

SymbolPriceChange%ChangeBAYRY$12.970.151.14 Bayer Corporation and its related entities have agreed to pay $40 million to resolve alleged violations of the False Claims Act related to the drugs Trasylol, Avelox and Baycol, the Justice Department said. A “whistleblower” lawsuit accused the drugmaker of paying kickbacks to hospitals and doctors to induce them to use the drugs Trasylol and Avelox, and also making those drugs available for off-label uses that were not reasonable and necessary. The complaint further alleges that Bayer downplayed the safety risks of Trasylol. A second lawsuit over Bayer’s statin drug, Baycol, alleges that Bayer knew about but downplayed Baycol’s risks of causing rhabdomyolysis.

NASA plans to launch Artemis I on Saturday

NASA is targeting Saturday’s 2:17 p.m. EDT for the launch of Artemis I, the first complete test of NASA’s Space Launch System (SLS) rocket, Orion spacecraft and ground systems at the agency’s Kennedy Space Center in Florida. The Artemis I flight test is an uncrewed mission around the Moon aimed at paving the way for a crewed flight test and future human exploration of the Moon as part of the Artemis program. Live coverage of the events will be broadcast on NASA TV, the NASA app and the agency’s website at: https://www.nasa.gov/live. The launch countdown will continue Saturday at the start of a scheduled 2.5-hour built-in hold, which will begin at 4:37 a.m. NASA’S ARTEMIS 1 MISSION MOON ROCKET LAUNCH AVOIDS AFTER DELAYS

Lufthansa cancels hundreds of flights as pilots strike over pay

SymbolPriceChange%ChangeDLAKY$6,000,152.53 Lufthansa pilots went on strike on Friday, forcing the German airline to cancel hundreds of flights, barring holidaymakers. The airline said it canceled around 800 flights at its main bases in Frankfurt and Munich on Friday, affecting 130,000 passengers, and said it was working steadily to minimize the impact of the strike. The Vereinigung Cockpit (VC) trade union had called more than 5,000 Lufthansa pilots for a 24-hour strike, saying the latest round of wage talks had failed. Strikes and staff shortages have already forced several airlines, including Lufthansa, to cancel thousands of flights this summer, leading to long queues at major airports, frustrating people eager to resume travel after the COVID-19 lockdowns. The VC union is demanding a 5.5% pay rise this year and automatic inflation compensation thereafter, as well as better conditions for entry pilots. Lufthansa said the VC demands would increase its staff costs by 40%, or about 900 million euros ($899 million) over the next two years.

A dating attraction for sane people

Investor Peter Thiel has made billions from founding and backing companies including PayPal. In one of his latest finds, he provided a small amount of funding to a dating site that caters to conservatives. Thiel, an early supporter of then-presidential candidate Donald Trump, has criticized those who shun the right in Silicon Valley.

Lululemon shares soar

Lululemon shares are on track for their best percentage gain since March 2020, when they rose 11.86%, according to Dow Jones Market Data Group tracking. The sportswear maker posted revenue of $1.87 billion, a 29% rise above estimates. Comp store sales increased 25%. Lululemon Athletica Inc. $ 326.36 Breaking news

Dow, S&P, Nasdaq rise after steady jobs report

All three major averages rose on Friday after the August jobs report showed employers added 315,000 workers while the unemployment rate edged up to 3.7 percent. However, for the week stocks are headed for losses. In commodities, oil gained nearly 3% to $89 a barrel.

Meet the new CEO of Starbucks

Starbucks has announced that it has hired Laxman Narasimhan as its new CEO. He will replace Howard Schultz who returned to the coffee giant following the departure of Kevin Thompson. Narasimhan will inherit a company that is seeing a national wave of unionization. Breaking news

The August jobs report was in line with expectations that the US economy is holding up while tackling inflation.

Shell chief executive Ben van Beurden will step down

Shell CEO Ben van Beurden will step down next year after leading the British oil and gas multinational since 2014. Shell has four candidates shortlisted to replace him, sources told Reuters. The candidates have been narrowed down to Wael Sawan, Shell’s head of integrated gas and renewables, and Huibert Vigeveno, who heads the company’s downstream refining operations. Newly appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also being considered as potential successors. Click here to read more on the story: Shell CEO Ben van Beurden to step down next year, successors lined up

August jobs will be released on Friday

The week’s key economic report, the August employment report released Friday morning, is expected to show a solid labor market that is beginning to rest. Economists expect the Labor Department to say the U.S. economy added 300,000 new nonfarm payroll jobs in August. That’s down from a blowout gain of 528,000 in July. “If the consensus among economists is close to correcting, the number of jobs added in August will be the lowest in over a year,” said Mark Hamrick, senior economic analyst at Bankrate.com. “At the same time, the unemployment rate is at 3.5%, the lowest point since the pandemic, corresponding to a decade low.” The manufacturing sector likely added 20,000 jobs in August, following a larger-than-expected increase of 30,000 the previous month. Look for hourly earnings to increase 0.4% month over month and up 5.3% from a year ago. Click here for more: Jobs report, Lululemon shares rise and more: 5 things to know on Friday

California grid operator urges conservation for 3rd straight day amid ‘worst heatwave’

California’s grid operator issued a statewide appeal for energy conservation for the third day in a row as the state continues to experience record temperatures. In the California Independent System Operator’s (ISO) latest Flex Alert issued for September 2, 2022, the ISO called for voluntary energy conservation amid triple-digit temperatures, including encouraging homeowners not to use large appliances between 4 p.m. . and 9 p.m. The alert also urges homeowners not to set their thermostats below 78 degrees. “Consumer conservation efforts helped maintain the stability of the power grid yesterday, and California’s Independent System Operator (ISO) is calling for additional protection and preparation for possible emergency actions as the state and much of the western U.S. bear the brunt of heat wave so far this summer,” an ISO press release read. “Further conservation appeals are likely over Labor Day,” he added. Here’s more on the story: California power grid operator urges restraint amid ‘worst heat wave’ this year

Conservative dating app ‘The Right Stuff’, founded by Trump officials, is set to launch

A new dating app called The Right Stuff is set to launch later this month and promises to be an alternative for conservatives looking to date someone who shares their values. The Right Stuff was founded by former Trump administration officials…

title: “Live Market News Shares Fall For The Day And Week As Investors Digest Jobs Data Oil Slips To 86 Losing 6 For The Week Ahead Of Opec Meeting Klmat” ShowToc: true date: “2022-12-16” author: “Shane Ferraro”

Dow, S&P, Nasdaq retreat to end week

U.S. stocks reversed all gains on Friday to close lower across the board despite a solid monthly jobs report for August in which employers added 315,000 workers. For the week, the S&P 500 and Dow Jones Industrial Average fell 3% apiece, while the tech-heavy Nasdaq Composite lost 4.2%. SymbolPriceChange%ChangeWBA $35,270,010.01CVS $99.33-0.59-0.60 RAD $6,840,101.41 Pharmacies across the country have begun rolling out updated COVID-19 boosters targeting the more common omicron strain. The new boosters were approved by federal health officials earlier this week in hopes of preventing another winter spike in cases while also reducing the ongoing spread of BA.5 omicron cases.

Yogurt company Chobani withdraws initial public offering

Chobani has decided not to go public at this time. The strained yogurt food company told the Securities and Exchange Commission: “The company has decided not to pursue, at this time, the intended initial public offering…”. No reason was given in the filing. The company filed for an IPO in November. It said it planned to use the proceeds to pay down debt and buy back units held by executives. The remaining proceeds will be used for capital investments or other general corporate purposes. In March, the company suspended its plans due to market conditions. An initial public offering could value the company at between $7 billion and $10 billion, media reported at the time.

US markets are ‘very messy’ and unlike any previous economic model: Ray Wa

Constellation Research analyst and founder Ray Wang provides professional analysis of US markets as Nasdaq on pace for sixth straight decline in ‘Cavuto: Coast to Coast’. Case in progress

Dow gives up 300+ point rally

By early afternoon, US stocks had given up most of their earlier gains on August jobs growth of 315,000. The Dow Jones Industrial Average reversed a gain of 300+ points. Dow Jones Averages. $ 31989.42 While Salesforce, JPMorgan and Chevron held up, Dow and 3M averaged. A consortium led by Chinese management Hollysys Automation Technologies plans to take the U.S.-listed automation and control systems maker private in a deal that would value the company at $1.8 billion, people with knowledge of the matter said. The management team, led by founder and CEO Wang Changli, won approval for the deal from the Beijing municipal government, where the company is based, the people said. The group, acting under the guidance of the local government, has joined hands with a Beijing-based state-owned company for the potential deal, they added.

Bayer to pay $40 million to settle Trasylol, Avelox and Baycol lawsuits

SymbolPriceChange%ChangeBAYRY$12.970.151.14 Bayer Corporation and its related entities have agreed to pay $40 million to resolve alleged violations of the False Claims Act related to the drugs Trasylol, Avelox and Baycol, the Justice Department said. A “whistleblower” lawsuit accused the drugmaker of paying kickbacks to hospitals and doctors to induce them to use the drugs Trasylol and Avelox, and also making those drugs available for off-label uses that were not reasonable and necessary. The complaint further alleges that Bayer downplayed the safety risks of Trasylol. A second lawsuit over Bayer’s statin drug, Baycol, alleges that Bayer knew about but downplayed Baycol’s risks of causing rhabdomyolysis.

NASA plans to launch Artemis I on Saturday

NASA is targeting Saturday’s 2:17 p.m. EDT for the launch of Artemis I, the first complete test of NASA’s Space Launch System (SLS) rocket, Orion spacecraft and ground systems at the agency’s Kennedy Space Center in Florida. The Artemis I flight test is an uncrewed mission around the Moon aimed at paving the way for a crewed flight test and future human exploration of the Moon as part of the Artemis program. Live coverage of the events will be broadcast on NASA TV, the NASA app and the agency’s website at: https://www.nasa.gov/live. The launch countdown will continue Saturday at the start of a scheduled 2.5-hour built-in hold, which will begin at 4:37 a.m. NASA’S ARTEMIS 1 MISSION MOON ROCKET LAUNCH AVOIDS AFTER DELAYS

Lufthansa cancels hundreds of flights as pilots strike over pay

SymbolPriceChange%ChangeDLAKY$6,000,152.53 Lufthansa pilots went on strike on Friday, forcing the German airline to cancel hundreds of flights, barring holidaymakers. The airline said it canceled around 800 flights at its main bases in Frankfurt and Munich on Friday, affecting 130,000 passengers, and said it was working steadily to minimize the impact of the strike. The Vereinigung Cockpit (VC) trade union had called more than 5,000 Lufthansa pilots for a 24-hour strike, saying the latest round of wage talks had failed. Strikes and staff shortages have already forced several airlines, including Lufthansa, to cancel thousands of flights this summer, leading to long queues at major airports, frustrating people eager to resume travel after the COVID-19 lockdowns. The VC union is demanding a 5.5% pay rise this year and automatic inflation compensation thereafter, as well as better conditions for entry pilots. Lufthansa said the VC demands would increase its staff costs by 40%, or about 900 million euros ($899 million) over the next two years.

A dating attraction for sane people

Investor Peter Thiel has made billions from founding and backing companies including PayPal. In one of his latest finds, he provided a small amount of funding to a dating site that caters to conservatives. Thiel, an early supporter of then-presidential candidate Donald Trump, has criticized those who shun the right in Silicon Valley.

Lululemon shares soar

Lululemon shares are on track for their best percentage gain since March 2020, when they rose 11.86%, according to Dow Jones Market Data Group tracking. The sportswear maker posted revenue of $1.87 billion, a 29% rise above estimates. Comp store sales increased 25%. Lululemon Athletica Inc. $ 326.36 Breaking news

Dow, S&P, Nasdaq rise after steady jobs report

All three major averages rose on Friday after the August jobs report showed employers added 315,000 workers while the unemployment rate edged up to 3.7 percent. However, for the week stocks are headed for losses. In commodities, oil gained nearly 3% to $89 a barrel.

Meet the new CEO of Starbucks

Starbucks has announced that it has hired Laxman Narasimhan as its new CEO. He will replace Howard Schultz who returned to the coffee giant following the departure of Kevin Thompson. Narasimhan will inherit a company that is seeing a national wave of unionization. Breaking news

The August jobs report was in line with expectations that the US economy is holding up while tackling inflation.

Shell chief executive Ben van Beurden will step down

Shell CEO Ben van Beurden will step down next year after leading the British oil and gas multinational since 2014. Shell has four candidates shortlisted to replace him, sources told Reuters. The candidates have been narrowed down to Wael Sawan, Shell’s head of integrated gas and renewables, and Huibert Vigeveno, who heads the company’s downstream refining operations. Newly appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also being considered as potential successors. Click here to read more on the story: Shell CEO Ben van Beurden to step down next year, successors lined up

August jobs will be released on Friday

The week’s key economic report, the August employment report released Friday morning, is expected to show a solid labor market that is beginning to rest. Economists expect the Labor Department to say the U.S. economy added 300,000 new nonfarm payroll jobs in August. That’s down from a blowout gain of 528,000 in July. “If the consensus among economists is close to correcting, the number of jobs added in August will be the lowest in over a year,” said Mark Hamrick, senior economic analyst at Bankrate.com. “At the same time, the unemployment rate is at 3.5%, the lowest point since the pandemic, corresponding to a decade low.” The manufacturing sector likely added 20,000 jobs in August, following a larger-than-expected increase of 30,000 the previous month. Look for hourly earnings to increase 0.4% month over month and up 5.3% from a year ago. Click here for more: Jobs report, Lululemon shares rise and more: 5 things to know on Friday

California grid operator urges conservation for 3rd straight day amid ‘worst heatwave’

California’s grid operator issued a statewide appeal for energy conservation for the third day in a row as the state continues to experience record temperatures. In the California Independent System Operator’s (ISO) latest Flex Alert issued for September 2, 2022, the ISO called for voluntary energy conservation amid triple-digit temperatures, including encouraging homeowners not to use large appliances between 4 p.m. . and 9 p.m. The alert also urges homeowners not to set their thermostats below 78 degrees. “Consumer conservation efforts helped maintain the stability of the power grid yesterday, and California’s Independent System Operator (ISO) is calling for additional protection and preparation for possible emergency actions as the state and much of the western U.S. bear the brunt of heat wave so far this summer,” an ISO press release read. “Further conservation appeals are likely over Labor Day,” he added. Here’s more on the story: California power grid operator urges restraint amid ‘worst heat wave’ this year

Conservative dating app ‘The Right Stuff’, founded by Trump officials, is set to launch

A new dating app called The Right Stuff is set to launch later this month and promises to be an alternative for conservatives looking to date someone who shares their values. The Right Stuff was founded by former Trump administration officials…

title: “Live Market News Shares Fall For The Day And Week As Investors Digest Jobs Data Oil Slips To 86 Losing 6 For The Week Ahead Of Opec Meeting Klmat” ShowToc: true date: “2022-10-27” author: “Sadie Dimaggio”

Dow, S&P, Nasdaq retreat to end week

U.S. stocks reversed all gains on Friday to close lower across the board despite a solid monthly jobs report for August in which employers added 315,000 workers. For the week, the S&P 500 and Dow Jones Industrial Average fell 3% apiece, while the tech-heavy Nasdaq Composite lost 4.2%. SymbolPriceChange%ChangeWBA $35,270,010.01CVS $99.33-0.59-0.60 RAD $6,840,101.41 Pharmacies across the country have begun rolling out updated COVID-19 boosters targeting the more common omicron strain. The new boosters were approved by federal health officials earlier this week in hopes of preventing another winter spike in cases while also reducing the ongoing spread of BA.5 omicron cases.

Yogurt company Chobani withdraws initial public offering

Chobani has decided not to go public at this time. The strained yogurt food company told the Securities and Exchange Commission: “The company has decided not to pursue, at this time, the intended initial public offering…”. No reason was given in the filing. The company filed for an IPO in November. It said it planned to use the proceeds to pay down debt and buy back units held by executives. The remaining proceeds will be used for capital investments or other general corporate purposes. In March, the company suspended its plans due to market conditions. An initial public offering could value the company at between $7 billion and $10 billion, media reported at the time.

US markets are ‘very messy’ and unlike any previous economic model: Ray Wa

Constellation Research analyst and founder Ray Wang provides professional analysis of US markets as Nasdaq on pace for sixth straight decline in ‘Cavuto: Coast to Coast’. Case in progress

Dow gives up 300+ point rally

By early afternoon, US stocks had given up most of their earlier gains on August jobs growth of 315,000. The Dow Jones Industrial Average reversed a gain of 300+ points. Dow Jones Averages. $ 31989.42 While Salesforce, JPMorgan and Chevron held up, Dow and 3M averaged. A consortium led by Chinese management Hollysys Automation Technologies plans to take the U.S.-listed automation and control systems maker private in a deal that would value the company at $1.8 billion, people with knowledge of the matter said. The management team, led by founder and CEO Wang Changli, won approval for the deal from the Beijing municipal government, where the company is based, the people said. The group, acting under the guidance of the local government, has joined hands with a Beijing-based state-owned company for the potential deal, they added.

Bayer to pay $40 million to settle Trasylol, Avelox and Baycol lawsuits

SymbolPriceChange%ChangeBAYRY$12.970.151.14 Bayer Corporation and its related entities have agreed to pay $40 million to resolve alleged violations of the False Claims Act related to the drugs Trasylol, Avelox and Baycol, the Justice Department said. A “whistleblower” lawsuit accused the drugmaker of paying kickbacks to hospitals and doctors to induce them to use the drugs Trasylol and Avelox, and also making those drugs available for off-label uses that were not reasonable and necessary. The complaint further alleges that Bayer downplayed the safety risks of Trasylol. A second lawsuit over Bayer’s statin drug, Baycol, alleges that Bayer knew about but downplayed Baycol’s risks of causing rhabdomyolysis.

NASA plans to launch Artemis I on Saturday

NASA is targeting Saturday’s 2:17 p.m. EDT for the launch of Artemis I, the first complete test of NASA’s Space Launch System (SLS) rocket, Orion spacecraft and ground systems at the agency’s Kennedy Space Center in Florida. The Artemis I flight test is an uncrewed mission around the Moon aimed at paving the way for a crewed flight test and future human exploration of the Moon as part of the Artemis program. Live coverage of the events will be broadcast on NASA TV, the NASA app and the agency’s website at: https://www.nasa.gov/live. The launch countdown will continue Saturday at the start of a scheduled 2.5-hour built-in hold, which will begin at 4:37 a.m. NASA’S ARTEMIS 1 MISSION MOON ROCKET LAUNCH AVOIDS AFTER DELAYS

Lufthansa cancels hundreds of flights as pilots strike over pay

SymbolPriceChange%ChangeDLAKY$6,000,152.53 Lufthansa pilots went on strike on Friday, forcing the German airline to cancel hundreds of flights, barring holidaymakers. The airline said it canceled around 800 flights at its main bases in Frankfurt and Munich on Friday, affecting 130,000 passengers, and said it was working steadily to minimize the impact of the strike. The Vereinigung Cockpit (VC) trade union had called more than 5,000 Lufthansa pilots for a 24-hour strike, saying the latest round of wage talks had failed. Strikes and staff shortages have already forced several airlines, including Lufthansa, to cancel thousands of flights this summer, leading to long queues at major airports, frustrating people eager to resume travel after the COVID-19 lockdowns. The VC union is demanding a 5.5% pay rise this year and automatic inflation compensation thereafter, as well as better conditions for entry pilots. Lufthansa said the VC demands would increase its staff costs by 40%, or about 900 million euros ($899 million) over the next two years.

A dating attraction for sane people

Investor Peter Thiel has made billions from founding and backing companies including PayPal. In one of his latest finds, he provided a small amount of funding to a dating site that caters to conservatives. Thiel, an early supporter of then-presidential candidate Donald Trump, has criticized those who shun the right in Silicon Valley.

Lululemon shares soar

Lululemon shares are on track for their best percentage gain since March 2020, when they rose 11.86%, according to Dow Jones Market Data Group tracking. The sportswear maker posted revenue of $1.87 billion, a 29% rise above estimates. Comp store sales increased 25%. Lululemon Athletica Inc. $ 326.36 Breaking news

Dow, S&P, Nasdaq rise after steady jobs report

All three major averages rose on Friday after the August jobs report showed employers added 315,000 workers while the unemployment rate edged up to 3.7 percent. However, for the week stocks are headed for losses. In commodities, oil gained nearly 3% to $89 a barrel.

Meet the new CEO of Starbucks

Starbucks has announced that it has hired Laxman Narasimhan as its new CEO. He will replace Howard Schultz who returned to the coffee giant following the departure of Kevin Thompson. Narasimhan will inherit a company that is seeing a national wave of unionization. Breaking news

The August jobs report was in line with expectations that the US economy is holding up while tackling inflation.

Shell chief executive Ben van Beurden will step down

Shell CEO Ben van Beurden will step down next year after leading the British oil and gas multinational since 2014. Shell has four candidates shortlisted to replace him, sources told Reuters. The candidates have been narrowed down to Wael Sawan, Shell’s head of integrated gas and renewables, and Huibert Vigeveno, who heads the company’s downstream refining operations. Newly appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also being considered as potential successors. Click here to read more on the story: Shell CEO Ben van Beurden to step down next year, successors lined up

August jobs will be released on Friday

The week’s key economic report, the August employment report released Friday morning, is expected to show a solid labor market that is beginning to rest. Economists expect the Labor Department to say the U.S. economy added 300,000 new nonfarm payroll jobs in August. That’s down from a blowout gain of 528,000 in July. “If the consensus among economists is close to correcting, the number of jobs added in August will be the lowest in over a year,” said Mark Hamrick, senior economic analyst at Bankrate.com. “At the same time, the unemployment rate is at 3.5%, the lowest point since the pandemic, corresponding to a decade low.” The manufacturing sector likely added 20,000 jobs in August, following a larger-than-expected increase of 30,000 the previous month. Look for hourly earnings to increase 0.4% month over month and up 5.3% from a year ago. Click here for more: Jobs report, Lululemon shares rise and more: 5 things to know on Friday

California grid operator urges conservation for 3rd straight day amid ‘worst heatwave’

California’s grid operator issued a statewide appeal for energy conservation for the third day in a row as the state continues to experience record temperatures. In the California Independent System Operator’s (ISO) latest Flex Alert issued for September 2, 2022, the ISO called for voluntary energy conservation amid triple-digit temperatures, including encouraging homeowners not to use large appliances between 4 p.m. . and 9 p.m. The alert also urges homeowners not to set their thermostats below 78 degrees. “Consumer conservation efforts helped maintain the stability of the power grid yesterday, and California’s Independent System Operator (ISO) is calling for additional protection and preparation for possible emergency actions as the state and much of the western U.S. bear the brunt of heat wave so far this summer,” an ISO press release read. “Further conservation appeals are likely over Labor Day,” he added. Here’s more on the story: California power grid operator urges restraint amid ‘worst heat wave’ this year

Conservative dating app ‘The Right Stuff’, founded by Trump officials, is set to launch

A new dating app called The Right Stuff is set to launch later this month and promises to be an alternative for conservatives looking to date someone who shares their values. The Right Stuff was founded by former Trump administration officials…