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The China Earthquake Networks Center officially measured a 4.0-magnitude earthquake in Zhaosu County, Ili Prefecture, Xinjiang (43.36 degrees north latitude, 81.10 degrees east longitude) at 1:58 a.m. on June 22, with a focal depth of 20 kilometers.June 22 - According to Iranian sources on June 21, a member of the Iranian negotiating team revealed that the draft of a waiver for Iranian oil sanctions has been finalized, adding that the waiver will be issued soon. Administrative procedures for unfreezing Iranian funds are underway with the participation of a Qatari delegation.June 22 - According to foreign media reports, sources revealed that the ruling coalition led by German Chancellor Merz is preparing to support a proposal for a comprehensive reform of Germanys pension system, including the introduction of a market-based savings mechanism, tightening early retirement rules, and gradually raising the retirement age. These recommendations, drafted by a government-appointed committee, will be submitted on Tuesday. The plan proposes a gradual introduction of supplementary pension contributions equivalent to 2% of total wages, which would be managed through a public fund vehicle and invested in the capital markets. The committee also recommends gradually raising the retirement age in line with increases in life expectancy. Furthermore, the proposal would abolish a popular early retirement pathway that allows workers who have contributed for 45 years to retire early. Pension reform is one of the most divisive issues in the coalition government, which has been in power for 13 months, and continues to test the long-standing policy differences between Merzs conservative wing and Klinkes Social Democratic Party.According to Reuters, Iranian sources say that negotiations between Iran and the United States in Switzerland have been suspended, but have not ended.According to Iranian state media, a spokesperson for the Iranian Foreign Ministry said that Sundays talks focused on ending the war, lifting sanctions, and releasing frozen Iranian funds.

Dow futures fall as FedEx withdraws instructions

Aria Thomas

Sep 16, 2022 11:00

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Futures for U.S. shares were trading lower on Thursday evening, after key benchmark averages continued down during the regular session due to mounting fears of a global recession and as markets absorbed FedEx Corporation's dismal earnings warning (NYSE:FDX).


At approximately 7:15pm ET (11:15pm GMT), Dow Jones Futures were down 0.5%, while S&P 500 Futures and Nasdaq 100 Futures each down 0.7%.


In extended trading, shares of FedEx Corporation (NYSE:FDX) dropped 15.9% after the company revised its profitability forecast for the year and its CEO anticipated a global recession.


United Parcel Service, Inc. (NYSE:UPS) and Amazon.com, Inc. (NASDAQ:AMZN) shares fell 5.7% and 1.8%, respectively, on the announcement.


Bowlero Corp (NYSE:BOWL) increased 6.3% after reporting Q4 EPS of $0.03 below the average estimate of $0.05 and revenue of $267.72 million compared to the consensus estimate of $195.3.


Ahead in the session, investors will anticipate new consumer sentiment data.


On Thursday, the Dow Jones Industrial Average dropped 173.3 points, or 0.6%, to 30,961.8, its lowest finish since July 14. The S&P 500 fell 44.7 points, or 1.1%, to 3,901.4, and the NASDAQ Composite down 167.3 points, or 1.4%, to 11,552.4.


The 10-Year U.S. bond market interest rate was 3.449%.