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Meta Platforms (META.O) has appointed former Trump advisor Powell McCormick as president.CAST AIs valuation has exceeded $1 billion.On January 12, Shanghai Municipal Party Committee Deputy Secretary and Mayor Gong Zheng chaired an executive meeting of the municipal government. The meeting pointed out that this year marks the start of the 15th Five-Year Plan. Focusing on key indicators and priorities for Shanghais economic and social development, the city must work diligently and pragmatically to achieve both qualitative and quantitative improvements in the economy. Efforts should be made to strengthen the guiding role of key indicators and targets, promptly decomposing key indicators and tasks to districts and departments, maintaining confidence, and striving for further progress to ensure the achievement of first-quarter targets. The meeting also stressed the importance of strengthening the supporting role of major projects, fully leveraging the citys major project construction coordination and promotion mechanism, increasing comprehensive support in key areas such as project feasibility studies, project approval, and resource supply, promoting the early commencement and operation of formal projects, and promptly converting reserve projects into formal projects.Germanys unadjusted current account balance for November was €15.1 billion, compared to €14.8 billion in the previous month.Nano Nuclear and Ameresco have signed a memorandum of understanding to explore the deployment of advanced microreactor technology in federal and commercial settings.

Increases in Dow Futures and Inflation Concerns

Charlie Brooks

Jul 15, 2022 10:28

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Futures for U.S. equities were trading higher on Thursday evening, as key benchmark averages ended the regular session in a mixed way amid stronger-than-expected producer price data and disappointing profit reports from major banking institutions.


Dow Jones Futures increased 0.2 percent by 7:00 p.m. ET (11:00 p.m. GMT), while S&P 500 Futures and Nasdaq 100 Futures both rose 0.3 percent.


In extended trading, Pinterest Inc (NYSE:PINS) shares surged 15.8 percent following a Wall Street Journal article revealed Elliott Management's 9 percent stake.


Prior to the end of the day, investors will focus on June's retail sales, import and export prices, the June industrial production report, and preliminary July consumer sentiment data. Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) are expected to deliver their quarterly earnings results in the interim.


During Thursday's usual trading day, the Dow Jones Industrial Average fell 142.6 points, or 0.5 percent, to 30,630.2, the S&P 500 fell 11.4 points, or 0.3 percent, to 3,790.4, and the NASDAQ Composite increased just 3.6 points to 11,112.1.


Morgan Stanley (NYSE:MS) declined 0.4% after reporting Q2 EPS of $1.44 vs $1.57 forecasted and sales of $13.13 billion versus $13.39 forecasted.


JPMorgan Chase & Co (NYSE:JPM) fell 3.5 percent after announcing Q2 earnings per share of $2.76 compared to $2.94 forecasted and revenue of $30.72 billion compared to $31.84 forecasted.


In terms of data, producer prices increased by 11,3 percent year-over-year in June as energy prices jumped, adding to concerns of rapid rate hikes after the CPI result surpassed expectations in the previous session.


On the bond markets, the 10-Year United States interest rate was 2.958%.


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