ONSemi Beats But Guidance Lower

🚨 🚨 BREAKING: ON Semiconductor Q3 23 Earnings:
– Adj EPS: $1.39 (exp $1.34)
– Revenue: $2.18B (exp $2.15B)
– Sees Q4 Adj EPS $1.13 To $1.27 (exp $1.36)

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MCD Beats

🍔 🍔 BREAKING: McDonald’s revenue climbs 14% as price hikes boost U.S. sales. Earnings per share: $3.19 adjusted vs. $3 expected. Revenue: $6.69 billion vs. $6.58 billion expected
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Russell 2020 At Lowest Since Nov 2020

🚨 🚨 The benchmark small cap index, the Russell 2000, has hit the lowest levels since November 2020

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A $5.9B Enterprise That Has Surged 140%

🇨🇳 🇨🇳 A $5.9-billion Chinese retail company, that sells lifestyle products worldwide under various brands, has climbed a massive 140% this year alone

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GBP Drops [Again]

🇬🇧 🇬🇧 BREAKING: GBP/USD – Drops Through 1.21 As Two-Year Gilt Yield Sags
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Asian Central Banks Aren’t Done Yet

🌏 🌍 Asian central banks are seen to raise interest rates over the next six months, with a stronger dollar and rising oil prices keeping countries from Australia to Indonesia and South Korea on a tightening path

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BOJ’s Ueda Faces Risk Of A Fallout

🇯🇵 🇯🇵 The Bank of Japan’s Kazuo Ueda is in a tight spot. If he stands pat on policy this week he risks sending the yen to a multi-decade low and opening up his yield control program to speculative attack in the market

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S&P Could Now Drop To 3,900

🚨 🚨 The rout in US stocks has brought the S&P 500 to a crucial inflection point. It’s teetering near a correction after breaching 4,200 for the first time since May — a key technical level that may point to a longer-term selloff

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How Is Italy Ever Going To Recover?

🇮🇹 🇮🇹 Italy – is running the widest budget deficit. The underlying issue is that ECB bond buying is keeping Italian yields artificially low, so there’s no incentive for Italy’s politicians to confront the debt overhang

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China: Looks Good But Let’s Wait

🇨🇳 🇨🇳 China’s top leadership is finally making a concerted effort to get the economy and external relations back on track. A rare move to raise the budget deficit mid-year, along with President Xi Jinping’s unprecedented visit to the central bank, underscored a sense of urgency among policymakers to support growth

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