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On September 6th, TankerTrackers reported on Saturday that Iraqs oil exports in August fell by 36% compared to pre-war levels, making it one of the Middle Eastern oil-producing countries with the largest decline in exports. The comparison is based on export levels in January and February before the conflict. Iran saw the largest drop, with crude oil exports plummeting by 100%. Qatar and Saudi Arabia followed closely, both experiencing a 48% decline in exports. Kuwaits crude oil exports also fell by 36% in August, matching Iraqs decline, placing these two countries tied for third place among those tracked by TankerTrackers. The UAE saw the smallest decline, with crude oil exports falling by only 0.02% compared to pre-war levels.TeslaAI: The training data for Teslas (TSLA.O) Cyber self-driving electric vehicles exceeds the combined driving experience of 16,000 human drivers over their entire lifetimes. It is now providing a safe, easy, and affordable shared mobility experience to the public in Austin, Texas.NIO (09866.HK): As of today, NIO has built 9,322 charging and battery swapping stations nationwide, including 4,070 battery swapping stations, 5,252 charging stations, and 30,280 charging piles, providing more than 120 million battery swaps to date.OpenAIs Head of Applied Research: Spatial reasoning ability was one of the last areas where humans far surpassed computers, but with Astra, that will no longer be the case.September 6th - According to foreign media reports, a White House official stated on Saturday that US and Russian officials discussed a "substantial" plan for the next steps in negotiations aimed at ending Russias military operations in Ukraine, and that the plan will be released in the coming weeks. The White House official stated, "Witkov and Kushner met with Russian President Putin to advance President Trumps peace agenda in the Russia-Ukraine conflict. Officials from the National Security Council, the State Department, and the Treasury Department also participated in the discussions, exploring proposals to bring peace to this conflict. The two sides discussed a substantial plan for the next steps, the details of which will be released in the coming weeks. We look forward to equally productive talks in Ukraine tomorrow."

S&P 500 (SPY) Tries To Settle Below 3600

Skylar Shaw

Oct 11, 2022 15:05

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At the beginning of the week, the S&P 500 declines


At the start of the week, the S&P 500 is still under significant pressure as traders sell equities due to recession concerns.


Tech stocks are leading the decline. The new export regulations intended to limit China's access to cutting-edge technology might result in huge losses for the businesses in this industry. Stocks like NVIDIA and Intel are now testing annual lows as a consequence.


Concerns regarding coronavirus-related measures in Macau have caused the price of casino stocks like Wynn Resorts and Las Vegas Sands to drop by roughly 10%.


Cruise stock prices are still under pressure due to economic concerns. Today's trade has seen losses of 5–8% for Norwegian Cruise Line, Carnival Corporation, and Royal Caribbean Cruises.


It should be noted that consumer defensive equities like Kroger, Kraft Heinz, and Altria are somewhat in demand.


In the overall picture, the market is heading towards annual lows and there has been a significant sell-off. The rapid rate rises by the Fed are causing traders to worry that they may put too much pressure on the economy and result in a catastrophic recession rather than a "soft landing."

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