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July 10th - The Times of Israel, citing a US official on the 9th, reported that Israeli troops will withdraw from one of two "pilot areas" in southern Lebanon in the coming days, paving the way for the next phase of negotiations between Israel and Lebanon. The report stated that, according to a framework agreement reached between Israel and Lebanon in Washington, D.C., Israel agreed to withdraw its troops from two small areas in southern Lebanon where Hezbollah military facilities have been cleared, handing them over to the Lebanese Armed Forces. The report also quoted an Arab official as saying that Lebanon has informed the United States that it will not participate in the new round of Lebanon-Israel talks scheduled for next week in Rome, Italy, until Israel completes its agreed withdrawal. Currently, a timetable for the withdrawal from the second "pilot area" has not been announced.On July 10th, the "Guangdong Provincial Information and Communication Industry 15th Five-Year Plan (Draft for Public Comment)" was released for public comment. The plan includes actively organizing enterprises to participate in national commercial trials of satellite IoT services, planning the construction of an integrated low-Earth orbit constellation for communication, navigation, and remote sensing in the Guangdong-Hong Kong-Macao Greater Bay Area, and actively promoting the deployment of key infrastructure such as satellite-to-ground interconnection centers and gateway stations. It also aims to promote the integrated development of satellite communication and terrestrial mobile communication infrastructure, explore network coverage in low-altitude airspace above 300 meters and remote areas, develop applications such as direct mobile phone connection to satellite and satellite IoT, and accelerate the realization of a million satellite communication users. The plan also includes implementing the "Broadband Guangdong Maritime" special action to gradually build a marine "5G/5G-A + submarine optical cable + satellite" communication and sensing network.The Hang Seng Tech Index rose more than 2%, with SenseTime (00020.HK) and Kuaishou (01024.HK) rising more than 4% among its constituent stocks.A spokesperson for the Government Pension Investment Fund of Japan (GPIF) said they were aware of Finance Minister Satsuki Katayamas remarks but declined to comment.On July 10th, the "Guangdong Provincial Information and Communication Industry 15th Five-Year Plan (Draft for Public Comment)" was released for public comment. The draft includes support for Shaoguans application to become a computing network hub interconnection center, promoting the upgrading and innovative development of the Guangzhou Internet Exchange Center of the Ministry of Industry and Information Technology and the National (Shenzhen-Qianhai) New Internet Exchange Center, accelerating the construction of the Shenzhen-Guangzhou-Shaoguan data corridor, and building a computing power network foundation radiating the Guangdong-Hong Kong-Macao Greater Bay Area. It also integrates into the national computing power interconnection system of "1+M+N," creating regional nodes for national computing power interconnection and multiple distinctive industry nodes. The plan continues to advance the "Millisecond-level Computing" special action in urban areas, actively building a benchmark city for computing networks. Furthermore, it promotes efficient collaboration between data computing, green power grids, and storage, facilitating the coordinated construction of computing centers with new energy sites and power grids, and strengthening computing power interconnection, collaboration, and intelligent scheduling.

Dow futures fall as FedEx withdraws instructions

Aria Thomas

Sep 16, 2022 11:00

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Futures for U.S. shares were trading lower on Thursday evening, after key benchmark averages continued down during the regular session due to mounting fears of a global recession and as markets absorbed FedEx Corporation's dismal earnings warning (NYSE:FDX).


At approximately 7:15pm ET (11:15pm GMT), Dow Jones Futures were down 0.5%, while S&P 500 Futures and Nasdaq 100 Futures each down 0.7%.


In extended trading, shares of FedEx Corporation (NYSE:FDX) dropped 15.9% after the company revised its profitability forecast for the year and its CEO anticipated a global recession.


United Parcel Service, Inc. (NYSE:UPS) and Amazon.com, Inc. (NASDAQ:AMZN) shares fell 5.7% and 1.8%, respectively, on the announcement.


Bowlero Corp (NYSE:BOWL) increased 6.3% after reporting Q4 EPS of $0.03 below the average estimate of $0.05 and revenue of $267.72 million compared to the consensus estimate of $195.3.


Ahead in the session, investors will anticipate new consumer sentiment data.


On Thursday, the Dow Jones Industrial Average dropped 173.3 points, or 0.6%, to 30,961.8, its lowest finish since July 14. The S&P 500 fell 44.7 points, or 1.1%, to 3,901.4, and the NASDAQ Composite down 167.3 points, or 1.4%, to 11,552.4.


The 10-Year U.S. bond market interest rate was 3.449%.