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2022-11-15

Pre-Bell｜Futures Decline on Cautious Fed Tone on Inflation; Oatly Tumble 11.8%

U.S. stock index futures edged lower on Monday as hawkish comments from a U.S. Federal Reserve offic

Pre-Bell｜Futures Decline on Cautious Fed Tone on Inflation; Oatly Tumble 11.8%

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The move comes after BofA conducted what it calls a “deep dive” on Hasbro’s “Magic: The Gathering” trading card game business. BofA said Hasbro has been overprinting cards and destroying the long-term value of the business.</p><p>Oatly(OTLY) – The maker of oat-based drinks saw its stock tumble 11.8% in the premarket after it reported a larger-than-expected quarterly loss and revenue that fell short of consensus. Oatly said its results were hurt by a number of factors including China Covid restrictions, production challenges and a stronger US dollar.</p><p>Advanced Micro Devices(AMD) – The chip maker’s stock rose 3.2% in the premarket after receiving upgrades at both Baird and UBS. The firms cited positive industry cyclical trends as well as strong demand by data center equipment manufacturers for AMD’s Genoa chip.</p><p>Amazon.com(AMZN) – Amazon fell 1.7% in premarket trading after Bank of America removed the stock from its “US 1” list, although it maintained a “buy” rating.</p><p>Teva Pharmaceutical(TEVA) – Teva was downgraded to “underweight” from “neutral” at J.P. Morgan Securities, which cited continuing growth challenges for the drugmaker. Teva fell 2.3% in premarket action.</p><p>Eli Lilly(LLY),Biogen(BIIB) – Rival Roche’s experimental Alzheimer’s treatment did not meet its primary goal in studies. Both Lilly and Biogen also have Alzheimer’s drugs in their pipelines, and Biogen had said in September that its experimental treatment had slowed the progress of the disease by 27%. Lilly added 1.5% in premarket trading, while Biogen rallied 5.8%.</p><p>Tyson Foods(TSN) – The beef and poultry producer reported quarterly earnings of $1.63 per share, missing consensus estimates by 10 cents a share. Revenue came in above Street forecasts. Tyson added 1% in premarket action.</p><p>Virgin Galactic(SPCE) – In a Securities and Exchange Commission filing, Virgin said a court is giving plaintiffs until Nov. 28 to file an amended class action suit against the company. The original suit filed in May 2021 alleged current and former officers and directors made misleading statements about Virgin’s commercial space flight program, charges which Virgin says are without merit. Virgin shares lost 1% in the premarket.</p><h2><b>Market News</b></h2><p><b>Jeff Bezos Says He Will Give Most of His Money to Charity</b></p><p>Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.</p><p>Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. Critics have chided Bezos for not signing theGiving Pledge, a promise by hundreds of the world’s richest people to donate the majority of their wealth to charitable causes.</p><p><b>Elon Musk Says &#34;I Have Too Much Work on My Plate&#34;</b></p><p>Billionaire Elon Musk said on Monday he was working &#34;at the absolute most amount...from morning til night, seven days a week&#34; when asked about his recent acquisition of Twitter and his leadership of automaker Tesla Inc(TSLA.O).</p><p>&#34;I have too much work on my plate that is for sure,&#34; Musk said by videolink to a business conference on the sidelines of the G20 summit in Bali.</p><p><b>OPEC Cuts Oil Demand Outlook as It Starts to Curb Production</b></p><p>OPEC reduced its forecasts for global oil demand again as the group implements production cutbacks aimed at keeping markets in balance.</p><p>Due to a weaker economic backdrop and China’s strict anti-Covid measures, the Organization of Petroleum Exporting Countries lowered estimates for the amount of crude it will need to pump this quarter by 520,000 barrels a day, following a similar-sized downgrade a month ago.</p><p><b>Binance CEO Tweets Regret at Not Shorting FTX Token</b></p><p>The chief executive of Binance said he regretted not betting against the token tied to the failed FTX cryptocurrency exchange.</p><p>Changpeng Zhao, the co-founder and CEO of Binance who is known by initials CZ, tweeted the regret in response to a satirical tweet about there being a sequel to the movie, The Big Short.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Futures Decline on Cautious Fed Tone on Inflation; Oatly Tumble 11.8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-14 21:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures edged lower on Monday as hawkish comments from a U.S. Federal Reserve official tempered hopes of a less aggressive pace of monetary policy tightening.</p><h2><b>Market Snapshot</b></h2><p>At 7:45 a.m. ET, Dow e-minis were down 62 points, or 0.18%, S&amp;P 500 e-minis were down 11.5 points, or 0.29%, and Nasdaq 100 e-minis were down 54 points, or 0.46%.</p><p><img src=\"https://static.tigerbbs.com/ba4f8d4ed0bf714056fa40cb239afb6b\" tg-width=\"406\" tg-height=\"202\" referrerpolicy=\"no-referrer\"/></p><h2><b>Pre-Market Movers</b></h2><p>Hasbro(HAS) – The toy maker’s stock slid 5.2% in the premarket following a double-downgrade to “underperform” from “buy” at Bank of America. The move comes after BofA conducted what it calls a “deep dive” on Hasbro’s “Magic: The Gathering” trading card game business. BofA said Hasbro has been overprinting cards and destroying the long-term value of the business.</p><p>Oatly(OTLY) – The maker of oat-based drinks saw its stock tumble 11.8% in the premarket after it reported a larger-than-expected quarterly loss and revenue that fell short of consensus. Oatly said its results were hurt by a number of factors including China Covid restrictions, production challenges and a stronger US dollar.</p><p>Advanced Micro Devices(AMD) – The chip maker’s stock rose 3.2% in the premarket after receiving upgrades at both Baird and UBS. The firms cited positive industry cyclical trends as well as strong demand by data center equipment manufacturers for AMD’s Genoa chip.</p><p>Amazon.com(AMZN) – Amazon fell 1.7% in premarket trading after Bank of America removed the stock from its “US 1” list, although it maintained a “buy” rating.</p><p>Teva Pharmaceutical(TEVA) – Teva was downgraded to “underweight” from “neutral” at J.P. Morgan Securities, which cited continuing growth challenges for the drugmaker. Teva fell 2.3% in premarket action.</p><p>Eli Lilly(LLY),Biogen(BIIB) – Rival Roche’s experimental Alzheimer’s treatment did not meet its primary goal in studies. Both Lilly and Biogen also have Alzheimer’s drugs in their pipelines, and Biogen had said in September that its experimental treatment had slowed the progress of the disease by 27%. Lilly added 1.5% in premarket trading, while Biogen rallied 5.8%.</p><p>Tyson Foods(TSN) – The beef and poultry producer reported quarterly earnings of $1.63 per share, missing consensus estimates by 10 cents a share. Revenue came in above Street forecasts. Tyson added 1% in premarket action.</p><p>Virgin Galactic(SPCE) – In a Securities and Exchange Commission filing, Virgin said a court is giving plaintiffs until Nov. 28 to file an amended class action suit against the company. The original suit filed in May 2021 alleged current and former officers and directors made misleading statements about Virgin’s commercial space flight program, charges which Virgin says are without merit. Virgin shares lost 1% in the premarket.</p><h2><b>Market News</b></h2><p><b>Jeff Bezos Says He Will Give Most of His Money to Charity</b></p><p>Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.</p><p>Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. Critics have chided Bezos for not signing theGiving Pledge, a promise by hundreds of the world’s richest people to donate the majority of their wealth to charitable causes.</p><p><b>Elon Musk Says &#34;I Have Too Much Work on My Plate&#34;</b></p><p>Billionaire Elon Musk said on Monday he was working &#34;at the absolute most amount...from morning til night, seven days a week&#34; when asked about his recent acquisition of Twitter and his leadership of automaker Tesla Inc(TSLA.O).</p><p>&#34;I have too much work on my plate that is for sure,&#34; Musk said by videolink to a business conference on the sidelines of the G20 summit in Bali.</p><p><b>OPEC Cuts Oil Demand Outlook as It Starts to Curb Production</b></p><p>OPEC reduced its forecasts for global oil demand again as the group implements production cutbacks aimed at keeping markets in balance.</p><p>Due to a weaker economic backdrop and China’s strict anti-Covid measures, the Organization of Petroleum Exporting Countries lowered estimates for the amount of crude it will need to pump this quarter by 520,000 barrels a day, following a similar-sized downgrade a month ago.</p><p><b>Binance CEO Tweets Regret at Not Shorting FTX Token</b></p><p>The chief executive of Binance said he regretted not betting against the token tied to the failed FTX cryptocurrency exchange.</p><p>Changpeng Zhao, the co-founder and CEO of Binance who is known by initials CZ, tweeted the regret in response to a satirical tweet about there being a sequel to the movie, The Big Short.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165111854","content_text":"U.S. stock index futures edged lower on Monday as hawkish comments from a U.S. Federal Reserve official tempered hopes of a less aggressive pace of monetary policy tightening.Market SnapshotAt 7:45 a.m. ET, Dow e-minis were down 62 points, or 0.18%, S&P 500 e-minis were down 11.5 points, or 0.29%, and Nasdaq 100 e-minis were down 54 points, or 0.46%.Pre-Market MoversHasbro(HAS) – The toy maker’s stock slid 5.2% in the premarket following a double-downgrade to “underperform” from “buy” at Bank of America. The move comes after BofA conducted what it calls a “deep dive” on Hasbro’s “Magic: The Gathering” trading card game business. BofA said Hasbro has been overprinting cards and destroying the long-term value of the business.Oatly(OTLY) – The maker of oat-based drinks saw its stock tumble 11.8% in the premarket after it reported a larger-than-expected quarterly loss and revenue that fell short of consensus. Oatly said its results were hurt by a number of factors including China Covid restrictions, production challenges and a stronger US dollar.Advanced Micro Devices(AMD) – The chip maker’s stock rose 3.2% in the premarket after receiving upgrades at both Baird and UBS. The firms cited positive industry cyclical trends as well as strong demand by data center equipment manufacturers for AMD’s Genoa chip.Amazon.com(AMZN) – Amazon fell 1.7% in premarket trading after Bank of America removed the stock from its “US 1” list, although it maintained a “buy” rating.Teva Pharmaceutical(TEVA) – Teva was downgraded to “underweight” from “neutral” at J.P. Morgan Securities, which cited continuing growth challenges for the drugmaker. Teva fell 2.3% in premarket action.Eli Lilly(LLY),Biogen(BIIB) – Rival Roche’s experimental Alzheimer’s treatment did not meet its primary goal in studies. Both Lilly and Biogen also have Alzheimer’s drugs in their pipelines, and Biogen had said in September that its experimental treatment had slowed the progress of the disease by 27%. Lilly added 1.5% in premarket trading, while Biogen rallied 5.8%.Tyson Foods(TSN) – The beef and poultry producer reported quarterly earnings of $1.63 per share, missing consensus estimates by 10 cents a share. Revenue came in above Street forecasts. Tyson added 1% in premarket action.Virgin Galactic(SPCE) – In a Securities and Exchange Commission filing, Virgin said a court is giving plaintiffs until Nov. 28 to file an amended class action suit against the company. The original suit filed in May 2021 alleged current and former officers and directors made misleading statements about Virgin’s commercial space flight program, charges which Virgin says are without merit. Virgin shares lost 1% in the premarket.Market NewsJeff Bezos Says He Will Give Most of His Money to CharityAmazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. Critics have chided Bezos for not signing theGiving Pledge, a promise by hundreds of the world’s richest people to donate the majority of their wealth to charitable causes.Elon Musk Says \"I Have Too Much Work on My Plate\"Billionaire Elon Musk said on Monday he was working \"at the absolute most amount...from morning til night, seven days a week\" when asked about his recent acquisition of Twitter and his leadership of automaker Tesla Inc(TSLA.O).\"I have too much work on my plate that is for sure,\" Musk said by videolink to a business conference on the sidelines of the G20 summit in Bali.OPEC Cuts Oil Demand Outlook as It Starts to Curb ProductionOPEC reduced its forecasts for global oil demand again as the group implements production cutbacks aimed at keeping markets in balance.Due to a weaker economic backdrop and China’s strict anti-Covid measures, the Organization of Petroleum Exporting Countries lowered estimates for the amount of crude it will need to pump this quarter by 520,000 barrels a day, following a similar-sized downgrade a month ago.Binance CEO Tweets Regret at Not Shorting FTX TokenThe chief executive of Binance said he regretted not betting against the token tied to the failed FTX cryptocurrency exchange.Changpeng Zhao, the co-founder and CEO of Binance who is known by initials CZ, tweeted the regret in response to a satirical tweet about there being a sequel to the movie, The Big Short.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}