Farmer Bros. Co.
5.26 - 5.445
4.33 - 7.88
Join Discuss about FARM with like-minded investors
bad or good ? > @dros said: 8:30 Non-farm payrolls 1:00 PM Baker-Hughes Rig Count
116 Replies 6 👍 13 🔥
8:30 Non-farm payrolls 1:00 PM Baker-Hughes Rig Count
86 Replies 6 👍 15 🔥
By Amruta Khandekar (Reuters) - Wall Street's main indexes fell on Monday, bogged down by a drop in shares of Apple and other megacaps, while investors braced for a hefty rate hike from the Federal Reserve this week and assessed the path of future interest rates. The U.S. Fed is set to meet on Tuesday and Wednesday, where policymakers are expected to deliver a fourth straight 75-basis point interest rate hike to curb decades-high inflation. Communication from Fed officials after the decision as well as well as non-farm payrolls data this week will offer further clues on whether the central bank could tone down its aggressive stance on interest rates in the future. Apple Inc (NASDAQ:AAPL) dropped 2.1% in early trading. A Reuters report said production of its iPhones could slump by as much as 30% next month due to tightening COVID-19 curbs in China. Shares of other megacaps including Amazon.com (NASDAQ:AMZN), Google-owner Alphabet (NASDAQ:GOOGL), and Microsoft (NASDAQ:MSFT) and Meta Platforms were down between 0.8% and 3%. Among sectors, information technology and communication services were the lead decliners, falling 1.6% and 1.9% respectively. Hopes for a less hawkish Fed as well as better-than-expected earnings from companies outside the technology sector had led to the S&P 500 and the Nasdaq, notching their second straight week of gains on Friday. Both the indexes are also set to record gains in October after two straight months of declines. The Dow Jones, meanwhile, could see its biggest monthly rise in over four decades depending on the day's moves. "You have a convergence of the labor market and the Fed together, and so it should make it a very questionable market week in terms of the direction," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. "We'll be hearing from Fed Chair Powell on Wednesday and his words probably mean more than his actions. If his tone, if his language begins to moderate somewhat, that will continue to be positive for stocks." Traders are nearly equally split in their expectations of the Fed delivering a smaller interest rate hike at its next policy meeting, with odds of a 50 basis point rate hike in December standing at 47.9%, according to CME Group's (NASDAQ:CME) Fedwatch tool. Along with the Fed, U.S. mid-term elections will also set the tone for markets in November. At 10:14 a.m. ET, the Dow Jones Industrial Average was down 184.99 points, or 0.56%, at 32,676.81, the S&P 500 was down 33.15 points, or 0.85%, at 3,867.91, and the Nasdaq Composite was down 145.57 points, or 1.31%, at 10,956.88. Declining issues outnumbered advancers for a 1.65-to-1 ratio on the NYSE and 1.56-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and five new lows, while the Nasdaq recorded 63 new highs and 47 new lows. Among single stocks, TuSimple Holdings plunged 45% after the trucking firm said its board terminated its chief executive officer.
102 Replies 11 👍 13 🔥
9:45 Chicago PMI 10:30 Dallas Fed Manufacturing Survey 3:00 PM Farm Prices
64 Replies 8 👍 10 🔥
By Kevin Buckland TOKYO (Reuters) - Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening and new signs of a deep semiconductor slump. The dollar and Treasury yields remained elevated after multiple Federal Reserve officials continued to talk up additional rate hikes ahead of a crucial U.S. jobs report later in the day, while rising crude oil prices compounded concerns about prolonged inflation. Japan's Nikkei dropped 0.72% as of 0530 GMT, pulling back from a two-week high reached on Thursday, with losses for tech names standing out after U.S. chipmaker Advanced Micro Devices (NASDAQ:AMD) cut its quarterly revenue forecast by about a billion dollars. South Korea's Kospi slipped 0.24%, weighed partly by a decline in Samsung Electronics (OTC:SSNLF) shares, after the technology giant flagged a worse-than-expected 32% drop in quarterly operating earnings. Hong Kong's Hang Seng was 1.55% lower, with its tech stocks tumbling 3.22%. Mainland Chinese shares remain closed for the final day of the Golden Week holiday. MSCI's broadest index of Asia-Pacific shares declined 1.18%. The selling looks set to continue in Europe, with Germany's DAX futures down 0.33% and FTSE futures off 0.26%. U.S. e-mini S&P500 futures pointed 0.23% lower, after the index dropped 1% overnight. [.N] Fed officials showed no intention of backing down from the most aggressive rate hike campaign in decades, with Fed Governor Lisa Cook, Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari all emphasising that the inflation fight was ongoing and they were not prepared to change course. Stocks started the week on a strong footing, with the MSCI world equity index rallying 5.65% in the first two days amid speculation that the pace of central bank tightening might slow, but that has fizzled out since Wednesday. Markets currently price an 85.5% chance of a 75 basis point increase for next month's Federal Open Market Committee meeting, and 14.5% odds for a half point bump. Investors will now be looking to Friday's non-farm payrolls report for some clarity as to whether a steady diet of rate hikes has begun to take a bite out of hiring and wage inflation. "Ongoing hawkish comments by Fed officials (are) a clear pushback on the 'Fed will pivot' narrative that has supported risk assets since the beginning of the week," said Tapas Strickland, head of market economics at National Australia Bank (OTC:NABZY). "Some positioning ahead of U.S. payrolls tonight is also probably a factor. Given the rally in risk assets earlier in the week, the pain trade would seem to be a 'good news is bad news' print." The yield on the benchmark 10-year Treasury note was at 3.8266% in Tokyo trading, little changed from its New York close following a two-day rebound from a two-week low of 3.5620%. The dollar index, which tracks the greenback versus a basket of six major peers, was little changed at 112.16 following a 1.84% two-day rally from a two-week low. "Clients have asked if we foresee an imminent shift in stance from the Fed given ... the sharp risk asset moves," Meghan Swiber, an analyst at BofA Securities, wrote in a report. "We think these concerns are misplaced and that the Fed's job is still far from over. The Fed will keep hiking until the labor market cracks." Sterling sagged near its lowest level this week, last changing hands at $1.1170, while the euro sank to the lowest since Monday at $0.9787 and was last at $0.98005. Japan's yen weakened past 145 again overnight and fluctuated around that level in Friday trading. Japanese authorities intervened to support their currency for the first time since 1998 on Sept. 22 following a break of the 145 level. Crude oil on Friday steadied after a rapid climb triggered by OPEC+ output cuts announced this week. [O/R] Brent crude futures slipped 11 cents to $94.31 a barrel. WTI crude futures were down 5 cents to $88.40 a barrel, after earlier hitting $89.37 per barrel, the highest since Sept. 14.
113 Replies 15 👍 7 🔥
By Stella Qiu SYDNEY (Reuters) - Asian shares were cautiously higher on Thursday, while the dollar eased ahead of U.S. non-farm payrolls data, and oil prices gained for a fourth day after deep production cuts pledged by OPEC+ members. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% in early Asia trade, as U.S. futures gained. The index is up 4% this week after faling 13% in September. Japan's Nikkei stock index climbed 0.7% to its highest level since September, South Korea advanced 1.2% and Australia edged 0.1% higher. Hong Kong's Hang Seng index, on the other hand, fell 0.5%. S&P 500 futures advanced 0.6%, and the Nasdaq futures gained 0.9%, building on a late rebound in U.S. stocks which helped limit earlier losses. The S&P 500 finished Wednesday 0.20% lower and the Nasdaq Composite ended down 0.25%. Mainland Chinese markets remain closed for holidays. The Refinitiv Asia Energy index rose 0.7%, after the Organization of the Petroleum Exporting Countries and allies agreed to cut oil production the deepest since the COVID-19 pandemic began, curbing supply in an already tight market. Oil prices rose for a fourth straight day to their highest level since mid-September. Brent crude futures were up 0.6% at $93.9 a barrel while U.S. West Texas Intermediate (WTI) crude futures also gained 0.6% to $88.26 per barrel. SO MUCH FOR FED PIVOT Earlier this week, U.S. economic data suggesting that the labor market and economy were slowing as well as the Reserve Bank of Australia's surprise move to raise rates by only 25 basis points fuelled hopes of less aggressive interest rate hikes by central banks and lifted risk sentiment. But those hopes were dashed after a slightly above-forecast report from the Institute for Supply Management showed a rebound in the employment index for the U.S. services sector. "The optimism that buoyed financial markets earlier this week receded as U.S. data continued to articulate the need for further, decisive central bank policy action," said analysts at ANZ. "Attention is now firmly focused on the September labour market report... The market needs to prime for a strong number." U.S. non-farm payrolls data is due on Friday and analysts polled by Reuters expect 250,000 jobs were added last month and unemployment to come in at 3.7%. Overnight, San Francisco Federal Reserve President Mary Daly underscored the U.S. central bank's commitment to curbing inflation with more interest rate hikes, although she also said the Fed will not simply barrel ahead if the economy starts to crack. Atlanta Fed president Raphael Bostic said the U.S. Federal Reserve's fight against inflation is likely "still in early days." In currency markets, the dollar eased 0.2% against a basket of major currencies on Thursday, after climbing 0.7% overnight on hawkish comments from Fed officials. U.S. Treasury yields were largely steady after jumping overnight. The yield on benchmark ten-year notes eased 2 basis points to 3.7368% while the yield on two-year notes stabilised at 3.7388%. Gold was slightly higher. Spot gold was traded at $1,719.49 per ounce. [GOL/]
116 Replies 10 👍 9 🔥
heute OPEC-JMMC Meetings also vorsicht beim oil und indices 14:15 ADP Non-Farm Employment Change 16:00 ISM Services PMI
96 Replies 8 👍 6 🔥
**pkedrosky:** Just 'cause it came up today in a conversation, the old barn on the farm where I grew up, built by my grandfather and his brother. It was on its last legs at this point, having been damaged by wind and partially collapsed. Still remarkable. And I love the photo. https://t.co/YiqjAteDob https://twitter.com/pkedrosky/status/1565775217833623552
146 Replies 10 👍 12 🔥
By Tom Westbrook SINGAPORE (Reuters) - The dollar was headed for its third weekly gain in a row and stood near its highest levels in decades against the euro and yen on Friday, with investors in little mood for selling ahead of U.S. labour data that could bolster the case for aggressive interest rate hikes. A solid U.S. manufacturing survey overnight was enough to push the greenback above 140 yen for the first time since 1998, and it also hit multi-year highs against sterling and the kiwi. Against the stronger dollar, the euro fell back below parity to $0.9967 and was not far from last week's 20-year low of $0.99005. The yen hit a fresh trough of 140.4 in the Asia trade. The dollar index made a two-decade top at 109.99 overnight and was last at 109.51. It is up more than 1% in the week since Federal Reserve Chair Jerome Powell said at Jackson Hole, Wyoming that rates would need to be high "for some time" to control inflation, surprising markets. Sterling fell 0.7% overnight and is down about 1.5% this week. It was last at $1.1551 after touching $1.1499 overnight. [GBP/] The Australian and New Zealand dollars are each down about 1% on the week, with the Aussie last at $0.6789 and the kiwi bottoming at $0.6051, its lowest since May 2020. "We had thought that the slowing of the economy would be enough to pause Fed hiking by November but Powell's clear nod to restrictive policy points to a higher bar to a pause," said Steve Englander, head of G10 FX research at Standard Chartered (OTC:SCBFF). "We think U.S. labour data would have to slow dramatically to deter a 75 basis point policy rate hike," he said. Non-farm payrolls data is due at 1230 GMT and economists expect 300,000 jobs were added in August, which would extend a strong run of data. A surprise well below 275,000 would be needed to change the rates outlook, Englander said. Fed funds futures are pricing about a 75% chance that the Fed hikes rates by 75 bps this month and it has been a week of heavy selling in the Treasury market, lifting two-year yields by 12 bps and 10-year yields by 23 bps. [US/] The two-year yield hit a 15-year high of 3.551% overnight and the 10-year hit a 2-1/2 month high of 3.297%. The moves have supported the dollar's march on the yen in particular, since Japan's yields are anchored near zero. Japan's government was watching currency moves with an acute sense of urgency, Chief Cabinet Secretary Hirokazu Matsuno said on Friday. Elsewhere in Asia, the Chinese yuan also remained under pressure at 6.9073 per dollar, with fresh COVID-19 lockdown measures in Chengdu weighing on the investor mood. Central bank meetings are due in Europe and Australia next week and markets expect hikes. Traders see about a 60% chance of a 50 bp hike in Australia and an almost 80% chance of a 75 bp hike from the European Central Bank.
74 Replies 6 👍 13 🔥
By Marc Jones LONDON (Reuters) - September got off to a stormy start on Thursday, as persistent worries about rising global interest rates and recessions hounded stocks and bonds and drove the safe-haven U.S. dollar to a 24-year high against the yen. Near 1.5% falls in London, Frankfurt, Paris and Milan pushed MSCI's main world stocks index to its lowest since July while Europe's government bond markets saw more selling after their worst monthly rout in decades. The bearishness was being fed by the possibility that the European Central Bank will raise its policy rate by a record 75 basis points next week following Wednesday's record high inflation reading. Heavy shelling at Ukraine's giant Zaporizhzhia nuclear plant rattled nerves too. Russia had shut its main gas pipe to Europe for maintenance, Washington ordered Nvidia (NASDAQ:NVDA) to stop selling high tech chips to China, while veteran investor Jeremy Grantham warned of an "epic finale" to the stock market "superbubble" inflated by years of cheap money. "The whole world is now fixated on the growth-reducing implications of inflation, rates, and wartime issues such as the energy squeeze," Grantham said. Add to that COVID in China, food and energy crises, demographics and climate change and "the outlook is far grimmer than could have been foreseen," he added. The dive for safety saw the dollar advance to a 24-year high of 139.69 yen in currency markets as investors braced for higher U.S. rates while expecting anchored Japanese rates to go nowhere anytime soon. The euro and sterling also fell over 0.4% against the greenback. It left the euro just above parity at $1.0014, while the risk-sensitive Australian and New Zealand dollars drooped to their lowest levels since July. [FRX/] Hawkish Fed expectations saw Treasury yields hit fresh highs. The yield on benchmark two-year notes had jumped to 3.51% overnight to the highest since late 2007, while the yield on 10-year bonds rose another 6 bps to 3.20%. Bets on a bumper ECB move next week were gaining traction too. Euro zone money markets were now pricing in a roughly 80% chance of an unprecedented 75 basis point hike, up from 50% earlier in the week. [GVD/EUR] Benchmark German Bund yields, which are a key driver of borrowing costs, went above 1.63% before pulling back to 1.57%. Italy's 10-year bond yield climbed to its highest since mid-June at 4% at one point, and the closely-watched gap between German and Italian bond yields expanded to its widest since late July. "The ECB's September 8th meeting is still a close call, but this latest data will likely be enough to tip even the centrist members towards a 75 basis point hike," Mizuho analysts said. " onerror="this.style.display='none'" class="msg-img" /> HEAVY METALS U.S. futures were pointed lower again too [.N] after stocks there had ended the month with the worst August performance in seven years. For the month, the Dow Jones Industrial Average fell 4%, the S&P 500 4.2% and the Nasdaq 4.6%. Markets are awaiting U.S. non-farm payrolls data on Friday and they may not like a strong number if it supports the basis for a continuation of aggressive rate hikes, which could further boost the U.S. dollar. Overnight, Cleveland Fed President Loretta Mester said the U.S. central bank would need to boost interest rates somewhat above 4% by early next year and hold them there in order to bring inflation back down to the Fed's goal. She also warned that the risks of recession over the next year or two had moved up. Credit rating agencies were dishing out warnings as well. Moody's (NYSE:MCO) slashed its forecast for the world's top 20 economies to 2.5% growth from 3.1%, while Fitch acknowledged the Euro Zone was now set for recession. "A full shut-off of Russian pipeline gas to the EU increasingly looks like a reasonable assumption," Fitch's Brian Coulton said, adding that hit to growth already seen meant a recession was clearly starting. Asian stocks slid overnight as well as investors there also sold everything risky that was not nailed down. Japan's Nikkei skidded 1.5% and Hong Kong's Hang Seng index fell 1.8%, while Chinese blue-chips ended down 0.9% having been anchored earlier in the session by hopes for more economic stimulus from Beijing. Regional purchasing managers' indexes from South Korea, Japan and China on Thursday had all pointed to slowing global economic activity as rising interest rates, high inflation, the war in Ukraine and China's COVID curbs took a heavy toll. "August has been a terrible month for balance fund investors with no diversification gains from holding a portfolio of equities and bonds," Rodrigo Catril, senior FX strategist at National Australia Bank (OTC:NABZY), said in a note to clients. "Month end yields no surprises, but rather an extension of the major themes seen during August with further increases in core global bond yields and weaker equities." In the main commodity markets, Brent crude declined 1.6% to $94.09 per barrel. U.S. crude fell to $88.07 a barrel, although European gas prices did provide some relief as they fell back 4% as markets got used to Russia's supply cut. Gold was slightly lower at $1,703.9 per ounce. [GOL/] but industrial metals all took a heavy pounding with tin down 8%, zinc down 5.3% and copper down 1.75%
134 Replies 13 👍 11 🔥
By Scott Kanowsky Investing.com -- U.S. job growth unexpectedly accelerated in July, running counter to concerns that soaring price inflation and surging interest rates are hitting labor demand in the world's largest economy. According to the Labor Department, non-farm payrolls rose by 528,000 during the month versus the revised figure of 398,000 in June. Analysts had expected the reading to slide to 250,000.The unemployment rate also ticked slightly lower to 3.5%.
150 Replies 8 👍 7 🔥
**valuewalk:** ‘WeCryptoEco’ Opens the World’s Largest Solar Powered Farm to NFT Holders https://t.co/TTWHGau5fs https://twitter.com/valuewalk/status/1533838384426123264
79 Replies 7 👍 9 🔥
You all see this? https://minnesota.cbslocal.com/2022/06/03/wright-county-egg-farm-fire/
85 Replies 9 👍 6 🔥
88 Replies 10 👍 14 🔥
By Kanupriya Kapoor SINGAPORE (Reuters) - Asian shares were mostly higher on Friday as investors hoped U.S. jobs data due later might sway the Federal Reserve to slow its current aggressive pace of interest rate hikes over the coming months. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.56%, riding a strong Wall Street close overnight. Japan's Nikkei was up 1.2%, and shares in Seoul were up 0.46%, while Australia's resource-heavy index was up 0.79%. European STOXX 50 futures rose 0.76%. Markets in China, Hong Kong and the UK are closed for public holidays. Overnight, tech stocks led a rally on Wall Street, lifting the S&P500 1.84%, the Nasdaq Composite 2.68%, and the Dow Jones Industrial Average 1.29%. On Thursday, the ADP National Employment Report showed U.S. payrolls rising at a slower-than-expected pace last month. Investors are now looking to the U.S. Labor Department’s comprehensive jobs report, due later on Friday, for confirmation of a slowdown in the employment market, which could convince the Fed to go slow on interest rate hikes for the rest of the year. "For equities right now, anything that might be viewed as capping the Fed’s tightening could be viewed as supportive," said ING's Asia head of research Rob Carnell. "So, therefore, weak macro data becomes positive for stocks." Economists expect about 325,000 jobs were added last month in the United States and reckon unemployment ticked lower to 3.5%. "Any deviation from these figures that shows the labour market hanging together better than this might well be negative for equities and vice versa," Carnell said. Inflation is the biggest worry for the Fed and global policymakers. Fed officials have said that U.S. interest rates would likely continue to be raised aggressively unless inflation moderates. "Front-end rate hike pressure that had built the day prior on robust economic data immediately eased off after a weaker than expected May ADP employment print, suggesting things are cooling off," said Stephen Innes of SPI Asset Management. Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that. The U.S. dollar currency index, which tracks the greenback against six major currencies, was at 101.770, pausing a rally earlier in the week. The yen has been kept under pressure by super-low interest rates in Japan, and was last steady at 129.80 per dollar, having lost 2% on the greenback this week. U.S. Treasury yields were mixed ahead of the non-farm payrolls data. The benchmark 10-year yield was at 2.9204% while the 2-year yield, which tends to be sensitive to U.S. rate expectations, was down at 2.6484%. Oil prices were unchanged after U.S. crude inventories fell amid high demand, even as oil-producing countries OPEC+ agreed to boost production. Brent futures were at $117.17 per barrel, while U.S. West Texas Intermediate crude stood at $116.34. To read Reuters Markets and Finance news, click on https://www.reuters.com/finance/marketsFor the state of play of Asian stock markets please click on:
124 Replies 6 👍 6 🔥
What Does a Crypto Mining Farm Look Like? Striking Photos From Siberia to Spain https://www.coindesk.com/layer2/miningweek/2022/03/21/what-does-a-crypto-mining-farm-look-like-striking-photos-from-siberia-to-spain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
53 Replies 12 👍 9 🔥
You drive to the farm to get your milk bitch?
140 Replies 10 👍 15 🔥
US February non-farm payrolls 678K vs 400K estimat
131 Replies 11 👍 8 🔥
8:30 Non-farm payrolls 8:45 Fed's Evans Speech 1:00 PM Baker-Hughes Rig Count
145 Replies 10 👍 8 🔥
8:30 International Trade in Goods (Advance) 8:30 Retail Inventories (Advance) 8:30 Wholesale Inventories (Advance) 9:45 Chicago PMI 10:30 Dallas Fed Manufacturing Survey 10:30 Fed's Bostic: “The Federal Reserve and the Economy” 3:00 PM Farm Prices
74 Replies 15 👍 10 🔥
non farm payroll number came out
105 Replies 7 👍 7 🔥
fortunately i only bet the farm on MSFT who didn't get chuckle-fucked. although to be fair, MSFT took a big fat shit to $280 prior to guidance, and then cruised right back on.
80 Replies 15 👍 11 🔥
Fantom Transactions Surpass Ethereum as Users Look to Farm Yields https://www.coindesk.com/markets/2022/01/25/fantom-transactions-surpass-ethereum-as-users-look-to-farm-yields/
123 Replies 10 👍 9 🔥
By Kanupriya Kapoor and Stella Qiu SINGAPORE (Reuters) - Asian shares mostly rose on Friday, snapping two days of losses after expectations grew that U.S. jobs data due later in the day would reinforce the need for faster U.S. interest rate hikes. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.7%, boosted by gains in Australia where the local benchmark climbed 1.3%, led by bank stocks. Japan's Nikkei, however, slipped 0.1%. China and Hong Kong stocks edged higher on hopes that Beijing will roll out more support measures to prioritise economic stability. Hong Kong stocks added 1.2%, and Chinese blue chips edged up 0.2%. An index of Hong Kong-listed mainland property stocks jumped 4.6% on media reports that Chinese policymakers plan to exclude debt accrued from acquiring distressed assets when assessing debt ratio compliance. Investors are likely adjusting to "attractive, cheaper" Asian stocks as the year kicks off, said Jim McCafferty, joint head of APAC equity research at Nomura. "With rates about to go up, from a global risk diversification point of view, investors are likely moving their money from U.S. markets into Asian markets, specifically China because it's increasingly independent of what the U.S. does," he said. Futures pointed to small opening gains in Europe and the United States. Pan-region Euro Stoxx 50 futures were up 0.23% and S&P 500 e-mini stock futures advanced 0.2%. U.S. Treasury yields paused for breath in Asian hours on Friday having risen sharply this week after the Federal Reserve's December minutes showed that a tight jobs market and unrelenting inflation could force the U.S. central bank to raise rates more aggressively this year. The yield on benchmark 10-year Treasury notes was last at 1.7231% having reached 1.7530% overnight, its highest since April 2021 and up sharply from its 2021 close of 1.5118%. The two-year yield, which is closely linked to inflation expectations, was at 0.8741% just off the overnight high of 0.886%. Kerry Craig, global market strategist at JPMorgan (NYSE:JPM) Asset Management, said investors were waiting for U.S. employment figures due later on Friday and inflation data due next week to see whether they would reinforce or undermine the case for faster rate hikes. Non-farm payrolls likely increased by 400,000 jobs last month after rising 210,000 in November, according to a Reuters survey of economists. Prospects of a strong employment report were boosted by the ADP National employment report on Wednesday, which showed private payrolls increased by 807,000 jobs last month. In currency markets, higher yields meant the dollar index, which measures the greenback against six peers, has risen 0.55% this week. On Friday, the greenback held its gains against most majors while advancing 0.1% on the yen which was at 115.89 per dollar, in sight of Tuesday's five-year high of 116.34. Oil prices rallied, which some analysts linked to news that Russian paratroopers had arrived to quell unrest in Kazakhstan, though production in the OPEC+ producer country remains largely unaffected so far. Brent crude futures rose 0.9% to $82.71 a barrel, and U.S. crude rose 0.96% to $80.2. Spot gold stood at $1,790.01 an ounce after touching a two-week low of $1,788.25 on Thursday, as rising U.S. Treasury yields hurt demand for the non-interest bearing metal. Bitcoin dropped 3.4% to around $41,600, its lowest since late September.
145 Replies 12 👍 12 🔥
fortunately i did not bet the farm on China 🇨🇳, made some less awful bets, and back in the saddle again at ATHs lol
71 Replies 9 👍 15 🔥
**@CNBC:** Fears of higher food prices are front and center amid inflation concerns – and fertilizer prices could be partly to blame. @kristinaparts reports from a Texas farm. https://t.co/0T9DZLW1Gl https://twitter.com/CNBC/status/1470895376169193472
61 Replies 15 👍 9 🔥
not mine family farm
141 Replies 13 👍 7 🔥
UK Market Friday markets finished in the red, led by losses in mining and energy sector stocks. Petropavlovsk climbed 1.5%, after Britain’s High Court rejected a bid by its major shareholder, JSC Uzhuralzoloto Group of Companies to stop the sale of a stake in iron ore subsidiary, IRC. Rotork edged up 1.4%, after a top broker upgraded its rating on the stock ‘Overweight’ from ‘Neutral’. BP advanced 1.3%, following a rating upgrade on the stock to ‘Buy’ from ‘Hold’. 3i Group added 0.6%, following reports that the company is considering the sale of Havea Group that could be valued at about €1.1 billion. Hargreaves Lansdown rose 0.3%, after the company announced that it would appoint Amy Stirling as its Chief Financial Officer to succeed Philip Johnson. The FTSE 100 shed 0.1%, to close at 7,122.3, while the FTSE 250 slid 0.2%, to end at 22,646.1. European Market Also finished lower on Friday, amid fears about the impact of the Omicron coronavirus variant on the global economy. Aurubis climbed 7.5%, after the copper producer reported a jump in its annual operating earnings. Deutsche Lufthansa added 1.1%, despite fresh restrictions in parts of Europe to prevent the spread of the new Covid-19 variant. Allianz rose 0.6%, after the company raised its financial targets for the next three years and announced a new dividend policy. On the flipside, Vifor Pharma dropped 4.6%, following reports that CSL Ltd is in exclusive talks to acquire the pharmaceutical company in a A$10 billion deal. Nordex fell 2.4%. The company received a deal to supply 67 turbines for the 300MW El Sauz onshore wind farm in the US state of Texas. The FTSEurofirst 300 index declined 0.6%, to close at 1,793.3. Among other European markets, the German DAX Xetra 30 slid 0.6%, to close at 15,170.0, while the French CAC-40 shed 0.4%, to settle at 6,765.5. US Market Followed European markets closing lower on Friday, following weaker-than-expected US jobs data. DocuSign sank 42.2%, after the company issued dismal sales forecast for the fourth quarter. Asana plunged 26.4%, even though the company narrowed its losses in the third quarter. Tesla declined 6.4%, following news that the company’s Chief Executive Officer, Elon Musk, sold additional shares worth $1.0 billion. Nvidia dropped 4.5%, amid uncertainty over the company’s planned acquisition of chip designer, Arm, for $40.0 billion. Meanwhile, Zillow Group climbed 11.3%, after the company announced plans to sell about half of the dwellings it purchased for its home-flipping business. Big Lots advanced 5.3%, as the company reported lower than expected losses in the third quarter. The S&P 500 slid 0.8% to settle at 4,538.4. The DJIA shed 0.2% to settle at 34,580.1, while the NASDAQ fell 1.9%, to close at 15,085.5. Asian Market Markets in Asia are trading mostly lower this morning, amid concerns over rising Omicron cases across various countries. In Japan, Daiichi Sankyo and SoftBank Group have declined 6.6% and 8.2%, respectively. Meanwhile, Denka and Kawasaki Kisen Kaisha have risen 4.2% and 6.4%, respectively. In Hong Kong, CSPC Pharmaceutical Group and Wuxi Biologics (Cayman) have dropped 3.8% and 8.6%, respectively. On the other hand, Hong Kong Exchanges & Clearing and Country Garden Holdings have climbed 3.0% and 3.3%, respectively. In South Korea, Jico and CONBUZZ advanced 29.7% and 30.0%, respectively. Meanwhile, Century and SsangYong Motor have fallen 14.0% and 19.2%, respectively. The Nikkei 225 index is trading 0.5% lower at 27,876.2. The Hang Seng index is trading 1.3% down at 23,466.4, while the Kospi index is trading 0.1% higher at 2,971.2
108 Replies 9 👍 13 🔥
non farm Payrolls 210k vs 550k est
103 Replies 14 👍 6 🔥
Let me sentiment farm on twitter and try to hunt the move yesterday so I can give the best timed trades in this room kek
145 Replies 6 👍 7 🔥
non farm payrolls usciti da quasi 15 minuti, indici USA immobili.....boohhhh.....
118 Replies 7 👍 8 🔥
UK Market Lower yesterday, as the British Pound strengthened, following upbeat UK jobs data. Genuit Group dropped 5.8%, after the plastic pip maker forecasted that its operating margins would be lower in the second half of the year due to inflationary pressures. Premier Foods fell 4.4%, after the food manufacturer reported a drop in its pretax profit in the first half of 2022. Rio Tinto slid 1.3%, after the company announced an investment in a European battery technology and manufacturing company, Inobat Auto. On the other hand, Vodafone Group advanced 4.8%, as the company raised its earnings and cash flow outlook, after reporting an upbeat performance in the first half of the year. Diageo rose 1.2%, after the beverage company forecasted its organic operating profits to grow for 2023 to 2025. The FTSE 100 slipped 0.3%, to close at 7,327.0, while the FTSE 250 fell 0.4%, to end at 23,539.7. . Europe Market Closed higher yesterday, amid strong corporate earnings report. Prosus advanced 4.2%, after the company issued an upbeat profit forecast for the first half of 2022. Nordex rose 4.1%, after the company won a contract from Enerjisa Uretim to supply and install twelve N163/5.X turbines for the 68.4 MW Erciyes wind farm. Capgemini edged up 0.1%, after the company announced that it has acquired Empired Limited (EPD) for a consideration of about A$233 million. On the flipside, Danone fell 1.8%, after the company announced that it would sell its Water and Beverage business, Aqua d'Or in Denmark. Bouygues shed 1.3%, even though the company reiterated its annual outlook, after reporting an increase in its nine-month net profit. The FTSEurofirst 300 index gained 0.2%, to close at 1,893.4. Among other European markets, the German DAX Xetra 30 rose 0.6%, to close at 16,247.9, while the French CAC-40 advanced 0.3%, to settle at 7,152.6. . US Market Also closed higher yesterday, following stronger than expected US retail sales. Peloton Interactive jumped 15.5%, after the home fitness company announced that it launched a public offering worth $1.0 billion of common stock. Autoliv climbed 6.1%, after the company issued an upbeat outlook and announced a share repurchase program of up to $1.5 billion over the next three years. Home Depot advanced 5.7%, after the retailer reported higher than expected revenue and earnings in the third quarter. On the other hand, Robinhood Markets dropped 3.1%, after a top broker downgraded its rating on the stock to ‘Neutral’ from ‘Buy’. Walmart fell 2.6%, even though the retail giant lifted its annual guidance and reported stronger than expected third quarter revenue and earnings. The S&P 500 gained 0.4%, to settle at 4,700.9. The DJIA rose 0.2%, to settle at 36,142.2, while the NASDAQ advanced 0.8%, to close at 15,973.9. . Asia Market Are trading lower this morning, following dismal Japanese exports data. In Japan, Nikon and Hino Motors have dropped 2.6% and 4.4%, respectively. Meanwhile, CyberAgent and Sumco have advanced 2.6% and 3.5%, respectively. In Hong Kong, WH Group and Sands China have fallen 1.5% and 1.8%, respectively. Meanwhile, PetroChina and AAC Technologies Holdings have risen 0.8% and 1.2%, respectively. In South Korea, KISWIRE and Century have declined 6.7% and 14.0%, respectively. Meanwhile, Doosan and Dreamtech have climbed 5.8% and 7.3%, respectively. The Nikkei 225 index is trading 0.4% lower at 29,697.1. The Hang Seng index is trading 0.5% down at 25,595.2, while the Kospi index is trading 1.0% lower at 2,967.2.
111 Replies 8 👍 15 🔥
Cronos è un farm defi con apy superiori a 1000% annui, certo non penso durerà a lungo. > @riccardo.01 said: lassa perdere i progetti , follow the money.
93 Replies 7 👍 14 🔥
si si produttore agricolo di maria terapeutica e non solo una farm
140 Replies 14 👍 10 🔥
thing is I don't think he really cares. or if he does certainly he has the capital to have some social media farm vote yes/no 10 million times > @Jonove said: That's just fucking ridiculous
135 Replies 12 👍 11 🔥
LIVE NON FARM
138 Replies 6 👍 15 🔥
cat who lives on a farm > @Pyrognosis said: "farm cats" ? wth?
110 Replies 14 👍 11 🔥
"farm cats" ? wth?
96 Replies 10 👍 15 🔥
we still farm cats out here
137 Replies 7 👍 9 🔥
Wanzek is a major wind farm constructor
71 Replies 11 👍 6 🔥
How to Yield Farm ‘on Bitcoin’ with Sovryn https://cryptonews.com/exclusives/how-to-yield-farm-on-bitcoin-with-sovryn.htm
114 Replies 9 👍 12 🔥
@DarkPoolAlgo #Dark Pool Charts
Friday, October 8, 2021 Futures Up/Down % Last Dow 42.00 0.12% 34,678 S&P 500 2.50 0.06% 4,392 Nasdaq 0.00 0.00% 14,881 After a week of overnight swings and market volatility, U.S. futures come into Friday’s trading looking flat, with the S&P little changed at 4,390 after a strong session on Thursday was met with a late day pullback, as major averages finished well off their best levels. U.S. futures steady as investors anticipate a key employment report that could offer clues on the Fed’s timeline for reducing bond purchases. Nonfarm payroll data at 8:30 AM with an est. for +500K jobs added, private payrolls est. +455K, manufacturing payrolls +25K and the unemployment rate to fall to 5.1% from 5.2%; average hourly earnings expected to rise +0.4% (vs. last month +0.6%). Equities rose and Treasuries sank on Thursday after Senate leaders pulled the U.S. from the brink of default with a deal for a short-term debt ceiling increase in the amount of $480B to a $28.9 trillion debt limit. However, this could be short lived as the agreement only funds Treasury debt until Dec. 3, meaning Senators will again face a deadline for default. In Asian markets, the Shanghai Index opened for trading after a week long pause to celebrate its Golden Week holiday, rising 24 points to 3,592, the Hang Seng Index gained 136 points to 24,837 and the Nikkei advanced 370 points (1.34%) to 28,048. In Europe, the German DAX is down a few points at 15,235, while the FTSE 100 is up a few at 7,085. Oil prices are higher, heading for its seventh weekly gain with WTI crude nearing $80 Market Closing Prices Yesterday The S&P 500 Index gained 36.21 points, or 0.83%, to 4,399.76 The Dow Jones Industrial Average rose 337.95 points, or 0.98%, to 34,754.94 The Nasdaq Composite surged 152.10 points, or 1.05%, to 14,654.02 The Russell 2000 Index advanced 35.14 points, or 1.59% to 2,250.09 Events Calendar for Today 8:30 AM ET Non-Farm Payrolls for September…est. +500K 8:30 AM ET Private Payrolls for September…est. +455K 8:30 AM ET Manufacturing Payrolls for September…est. +25K 8:30 AM ET Unemployment Rate for September…est. 5.1% 8:30 AM ET Average Hourly Earnings for September…est. +0.4% 10:00 AM ET Wholesale Inventories MoM for Aug 1:00 PM EST Baker Hughes Weekly rig count data Macro Up/Down Last Nymex 0.58 78.86 Brent 0.65 82.60 Gold 0.90 1,762.00 EUR/USD 0.0014 1.1563 JPY/USD 0.23 111.82 10-Year Note +0.021 1.593% World News The U.S. Senate on Thursday approved legislation to temporarily raise the federal government’s $28.4 trillion debt limit and avoid the risk of a historic default this month, but it put off until early December a decision on a longer-lasting remedy. German Aug Trade Balance smaller surplus: +€13.0b vs +€15.8b consensus; German August Exports lower down -1.2% vs +0.5% consensus and German Aug Imports higher rising +3.5% vs 1.8% consensus Sector News Breakdown Consumer Home Depot ($HD) and Lowe’s ($LOW) both downgraded to Hold from Buy at Loop Capital Tesla ($TSLA) CEO Elon Musk confirmed that the car maker is moving its headquarters from Fremont, California to Austin, Texas, where the company has been constructing a new factory for a little over a year. CEO Musk also said a global shortage of chips and ships is the only thing standing in the way of the company maintaining sales growth in excess of 50% Oatly Group ($OTLY) upgraded to Overweight from Neutral with a $21 price target Drive Shack ($DS) reports prelim Q3 revs of $75M vs. est. $76.74M Scientific Games ($SGMS) wins 10-year Vermont lottery systems contract; company’s advanced platforms and game services will modernize lottery play and maximize revenues for programs in green mountain state Thor Industries ($THO) increases regular quarterly dividend 5% to 43c per share Energy, Industrials and Materials Dow Transports finished the day down -0.25% just above the 14,500 level, but slipping below its 50-day MA at 14,515 B. Hunt ($JBHT) downgraded to Underweight on relative valuation at JPMorgan Union Pacific ($UNP) upgraded to Overweight from Neutral with a price target of $247, up from $234 at JPMorgan on recent selloff Sundial Growers Inc. ($SNDL) announced it will acquire liquor and pot retailer Alcanna in an all-stock deal with a total consideration of about C$346M Financials Pzena Investment Management Inc. ($PZN) prelim AUM as of Sept 30 of $50.8 bln Chubb ($CB) announced a definitive agreement to acquire the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna (CI) in seven Asia-Pacific, or APAC, markets for $5.75B in cash Healthcare Accolade Inc. ($ACCD) Q2 revs $73.3M vs. est. $70.4M; Q2 adj Ebitda loss (-$19.4M) vs. est. loss (-$21.9m); sees FY revs $303M-$307M, from prior view $300M-$305M (est. $303.4M); guides Q3 adj Ebitda loss $21.5M-$24.5M vs. est. loss $20.2M, but Q3 revs above views Quidel ($QDEL) guides Q3 revs $505M-$510M vs. est. $186.3M; says covid-19 revenues for Q3 of 2021 expected to be about $406M, compared with $375.7M YoY Allogene Therapeutics ($ALLO) shares fall over 35% after reporting the FDA put a clinical hold of Allocar T trials based on a single patient case in alpha2 trial; believes data from alpha trials demonstrates a favorable clinical profile of allo-501a Apollo EndoSurgery ($APEN) sees 3Q revs $16-16.4Mm vs est. $14.4Mm; sees 3Q net loss $6.1-7.3Mm vs est. net loss $8.3Mm BeiGene’s ($BGNE) BRUKINSA (zanubrutinib) has been approved in Australia for the treatment of adult patients with Waldenström’s macroglobulinemia who have received at least one prior therapy or in first line treatment for patients unsuitable for chemo-immunotherapy. Mirati Therapeutics ($MRTX) to collaborate with Sanofi ($SNY) on phase 1/2 study evaluating combination of adagrasib with a SHP2 inhibitor in KRAS g12c-mutated lung cancer Nkarta ($NKTX) provided updates on its NKX019 and NKX101 clinical development programs saying patients have been dosed in the international phase 1 trial of NKX019 in advanced B-cell malignancies IsoPlexis (ISO)333M share IPO priced at $15.00 Pyxis Oncology ($PYXS)5M share IPO priced at $16.00 Prelude Therapeutics ($PRLD) shares fall after announces presentation of encouraging data from multiple programs at the AACR-NCI-EORTC virtual international conference on molecular targets and cancer therapeutics Relay Therapeutics ($RLAY) announces interim clinical data for RLY-4008, in a first-in-human trial in patients with FGFR2-altered cholangiocarcinoma and multiple other solid tumors Technology, Media & Telecom VMware ($VMW) authorized new stock buyback program for up to $2B Samsung Electronics Co Ltd ($SSNLF) said Q3 operating profit likely jumped 28% to its highest in three years, helped by rising memory chip prices and brisk sales of its new foldable smartphones; estimated July-September profit at 15.8 trillion won ($13.3 billion) vs. est. of 16.1 trillion won. ChipMOS (IMOS) reports Q3 revenues rose 25.9% on a Y/Y basis to $257.2M (+2.6% Q/Q) vs. a consensus of $262.90M. Taiwan Semiconductor Manufacturing Co.’s ($TSM) September revenue was up 19.7% Y/Y to NT$152.69B or about $5.44B. AU Optronics ($AUOTY) reports September revenue rose 26.5% Y/Y to NT$33.0B (+0.9% M/M); Q3 revenues rose 35.3% Y/Y NT$99.05B Oracle ($ORCL), Telecom Italia, and Noovle, TIM Group’s cloud company, have signed a collaboration agreement to offer multi-cloud services for enterprises and the public sector organizations in Italy. Sirius XM ($SIRI) downgraded to Neutral from Overweight with a price target of $7, down from $8 at JPMorgan
63 Replies 15 👍 10 🔥
@brendanl37 #Dark Pool Charts
non farm payrolls
47 Replies 15 👍 13 🔥
Non farm payroll a slight "miss"
94 Replies 6 👍 11 🔥
Next Dividend Date
Founded in 1912, Farmer Bros. Co. is a national coffee roaster, wholesaler, equipment servicer, and distributor of coffee, tea, and culinary products. The Company's product lines include organic, Direct Trade, and sustainably produced coffee. With a robust line of coffee, hot and iced teas, cappuccino mixes, spices, and baking/biscuit mixes, the Company delivers extensive beverage planning services and culinary products to its U.S.-based customers. The Company serves a wide variety of customers, from small independent restaurants and foodservice operators to large institutional buyers like restaurant, department and convenience store chains, hotels, casinos, healthcare facilities, and gourmet coffee houses, as well as grocery chains with private brand coffee and consumer branded coffee and tea products, and foodservice distributors.
CEO: Deverl Maserang
HQ: 300 South Grand Ave Los Angeles, 90071 California