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August 29th - At 11:20 AM local time today (August 29th), Nigers national television broadcast a statement from the Niger Ministry of Defense stating that the situation was under control and urging the public to resume normal life. From early this morning (August 29th), the Niger capital, Niamey, experienced a night of intense gun battles. According to sources, the conflict was a mutiny orchestrated by young officers within the Niger Armed Forces. The rebel forces converged on Niamey from both Tillabéri and Doso, launching multiple attacks and targeting key facilities such as the presidential palace, Diori Hamani International Airport, and Nigers national television station, causing a temporary interruption of broadcasting by Nigers national television station.August 29th - It is predicted that from 20:00 on August 29th to 20:00 on August 30th, there is a high probability of flash floods in parts of southern Hunan and northeastern Guangxi (orange alert), with a very high probability of localized flash floods (red alert). The counties (cities, districts) affected by the alert are shown in the table below. Other areas may also experience flash floods due to localized short-duration heavy rainfall. All localities are advised to pay attention to real-time monitoring, flood warnings, and evacuation and shelter measures.The Iraqi Kurdistan Regional Government stated that oil companies have resumed operations, pushing oil production up to approximately 230,000 barrels per day.August 29th - Niamey, the capital of Niger, experienced intense gun battles overnight starting in the early hours of today (August 29th) local time. According to sources, the conflict stemmed from a mutiny orchestrated by young officers within the Nigerien Armed Forces. The rebel forces converged on Niamey from both Tillabéri and Doso, launching multiple attacks targeting key facilities such as the presidential palace, Diori Hamani International Airport, and Nigers national television station. Sources indicate that the offensives against the national television station and the presidential palace have been repelled, but clashes continue around Air Force Base 101 near the airport, with both sides still exchanging heavy fire. Nigers national television station, which had previously experienced a signal outage, has resumed broadcasting.According to TASS, Russia says it has captured Novoandryvka in the Donetsk region of Ukraine.

S&P 500 Pulls Back As Big Tech Stocks Retreat

Cory Russell

Oct 27, 2022 16:28



The post-market session saw Meta Stock test multi-year lows.


The major tech names caused the S&P 500 to lose momentum and fall towards the support at 3835 after reaching highs near the resistance at 3885.


Following poor earnings results that were announced yesterday after the market closed, Alphabet was down 9% and Microsoft was down 7%.


After falling short of analyst expectations and posting an extra $766 million charge on the purchase of two new U.S. presidential aircraft, Boeing saw its share price decline by 8%.


The poor results from the top technology giants outweighed the benefits of reduced Treasury rates and a weaker US currency. As traders gambled that the Fed may be obliged to be less hawkish, the yield on 10-year Treasuries tried to settle down below the 4.00% mark.


It should be emphasized that the Bank of Canada previously increased the rate by 50 basis points, against the 75 basis points predicted by analysts, after determining that aggressive rate rises were placing too much pressure on the economy. The world markets benefited somewhat from this action.


Energy equities including Hess, Halliburton, ConocoPhillips, and others were climbing on a robust recovery in the oil markets as top tech firms came under pressure.


Traders focused on the quarterly report from Meta during the post-market session. Meta announced profits of $1.64 per share and sales of $27.71 billion, exceeding analyst expectations for revenue but falling short of them for profitability. The business said that although average pricing per ad fell by 18%, ad impressions rose by 17% year over year. On an annualized basis, revenue dropped by 4%. The news was unpopular with traders, and Meta is down 12% in the after-market session. The outcomes of Meta might significantly depress market sentiment tomorrow.


Ford reported a loss of $0.21 per share and sales of $39.4 billion. The $2.7 billion non-cash impairment of Ford's investment in Argo AI, which was creating L4 advanced driver assistance systems, was what caused the loss. Supply problems and higher-than-expected supplier payments also had an influence on Ford's financial performance. In the session after the market close, the stock fell by nearly 1%.

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