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Tibo, Product Lead at OpenAI Codex: We will be performing a global reset of all paid subscription usage, which is expected to take place around 6 p.m. Pacific Time today (9 a.m. Tuesday Beijing Time).Irans Supreme National Security Council Secretary Rezaei stated that Washington has recently received a clear signal from Irans new missile operations: any economic war will be met with a response, and Iran will designate the area in the Persian Gulf extending into the US maritime blockade as a maritime no-go zone. The operational posture against US warships and military bases has undergone a fundamental adjustment.September 8th - Sources revealed that British Foreign Secretary David Miliband will announce a new sanctions mechanism targeting West Bank settlements on Tuesday. This measure primarily targets West Bank settlements and does not comprehensively affect trade and security relations between Britain and Israel. Sources also revealed that British diplomats have privately informed the US that the sanctions are more symbolic, intended to mitigate potential reactions from the Trump administration. The Burnham government hopes to project a tougher stance on Israel than former Prime Minister Keir Starmer within its party and among voters, but this move could damage its relationship with US President Trump.On September 8, the Houthi rebels in Yemen claimed responsibility for a ballistic missile attack on military trucks carrying supplies from Saudi Arabia to the government-controlled Wadia military base in Hadramawt province. Houthi-controlled Al-Masirah TV released footage of the attack, stating that it used domestically produced ballistic missiles. The report did not mention any casualties.Conflict Situation: 1. Iranian Parliament Speaker Ghalibaf: Attacking our assets will provoke retaliation. 2. Iran claims to have destroyed three "terrorist and extremist groups" linked to the US and Israel within its territory. 3. Yemeni pro-government armed forces stated they carried out 13 airstrikes against Houthi positions, gathering points, and vehicles in Bayda province. 4. According to the Financial Times: Sources revealed that Saudi Aramcos Jizan oil facilities were attacked. 5. Yemeni Houthi rebels: On September 7th local time, Saudi warplanes launched airstrikes on the Hazim district of Jawf province, Yemen. 6. Yemeni Houthi rebels: The Yemeni Houthi rebels just shot down a Saudi CH-4 armed reconnaissance drone over Jawf province. Strait of Hormuz: 1. Iranian Supreme National Security Council Secretary Rezaei: US ships will have no safe place in the region. 2. Iranian Foreign Ministry Spokesperson Baghae: An agreement on a temporary passage through the Strait of Hormuz will be reached in the coming days. 3. US Central Command: The USS George H.W. Bush continues its blockade of Iran in the Arabian Sea. Other matters: 1. Irans Ministry of Economy establishes an Economic Warfare Command. 2. Iran: A Qatari delegation visits to "help ease tensions." 3. UAE Presidents Foreign Affairs Advisor: Rebuilding trust with Iran could take decades. 4. Iran warns South Korea: Do not cooperate with the US in the Persian Gulf, or face serious consequences. 5. According to Al Jazeera: Iran says it has the "legitimate right" to defend itself against the US economic war. 6. Iranian Foreign Ministry Spokesperson Baghae: Perus severing of diplomatic ties with Tehran has no substantial impact, as the relationship never existed to begin with. 7. South Korean Ministry of National Defense: We are in close consultation with the international community, including the US, to explore how to make concrete contributions to the restoration of freedom of navigation in the Strait of Hormuz and to peace and stability in the Middle East. No specific plans have been decided yet. 8. Iran unveils a new missile, claiming it is more accurate and has a longer range, symbolizing Irans shift "from passive deterrence to active deterrence." 9. Irans representative to the International Atomic Energy Agency: If the US and Israels attacks on Irans safeguarded and peaceful nuclear facilities are "normalized," it will have serious consequences. Irans Bushehr nuclear power plant meets all safety standards.

S&P 500 Retreats Towards 3960 As Traders Focus On Target’s Results

Cory Russell

Nov 17, 2022 16:50

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Market Decline Driven by Target and Micron

As traders responded to Target's disappointing earnings report and Micron's cautionary statement, the S&P 500 retreated toward the support of 3960.


Target reported earnings that fell short of analyst expectations and announced plans to slash expenses by up to $3 billion over the next three years.


Micron stated that its capital expenditure plans had been modified in light of the market outlook's deterioration for the coming year.


As a result of the cruise line's announcement that it will issue $1 billion in convertible senior notes, Carnival was one of the worst losers in the S&P 500 today. The stock had fallen by roughly 14% as of the writing. After the epidemic, cruise firms are heavily indebted, and their debt levels will probably continue to be a big issue in the coming years.


WTI oil attempted to settle below the $85 mark today, placing substantial pressure on energy stocks. Since many of the stocks in this market category are trading close to their yearly highs, some traders seek to lock in profits.


The warning issued by Micron hurt tech stocks. The news by Micron put pressure on the stock prices of other semiconductor companies, including AMD and NVIDIA.


It should be emphasized that while Treasury yields decreased today, the stock market received no benefit from this change. It appears that the S&P 500 will require further supportive catalysts in order to stabilize above the 4000 mark.

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