Finance
Stock market today: US futures edge higher as investors gear up for key jobs report
US stock futures climbed on Friday as investors braced for a key monthly jobs report, with the Middle East crisis and a return to work at US ports also in high focus.
S&P 500 futures (ES=F) put on 0.3%, while Dow Jones Industrial Average futures (YM=F) added roughly 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) moved 0.4% higher.
Investors are marking time for the release of the September jobs report, expected to provide further evidence the labor market is cooling but not collapsing. A rapid weakening could prompt the Federal Reserve to once again lower interest rates by an outsized 0.5% in November.
Friday’s report, set for release at 8:30 a.m. ET, is expected to show nonfarm payrolls rose by 150,000. But Wall Street is likely to focus less on hiring and more on the unemployment rate, where a gain could boost bets on a larger rate cut.
Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards
While stocks are on track for weekly losses, the markets have shown some resilience in the face of a rough week of worrying headlines. The major gauges were off 1% or less as of Thursday’s close, with the S&P 500 and Dow still within striking distance of record highs.
In recent days, a huge ports strike, devastation from Hurricane Helene, and the prospect of a wider Mideast conflict brought the potential to lift prices and fan inflation. That in turn cast doubt on the Fed’s preferred 0.25% rate cut.
In a welcome move, the US dockworkers strike ended after a tentative wage deal was agreed late Thursday, though some issues remain to be settled by later this year.
On the downside, a barrage of strikes by Israel on Beirut kept alive the Mideast worries that have driven up oil prices. Western leaders warned about “uncontrollable escalation” as investors waited to see whether Israel will attack Iran’s oil facilities — a move President Biden said is under discussion.
Oil is on track for its biggest weekly gain in two years as tensions mount. Brent crude (BZ=F) and West Texas Intermediate (CL=F) futures rose over 1% on Friday morning, coming off a 5% gain the previous day.
Finance
Unlocking Private Credit Finance: A Conversation On Key White Papers and Industry Insights – Hosted By CMF DEI Council
October 9, 2024 2:00 PM-3:00 PM
Share to
| Member Price | $0.00 |
| Non-Member Price | $399.00 |
About the Event
Private Credit Finance is considered one of the fastest-growing segments of alternative investments. It has emerged as a dynamic and increasingly prominent sector within the global financial ecosystem. Unlike traditional bank loans or publicly traded bonds, private credit involves non-bank lending, where investment funds or other institutional investors provide capital directly to businesses.
Join MBA Education and industry experts for an exclusive webinar featuring a panel of distinguished experts from the Private Credit Finance sector, all of whom have contributed to influential white papers on the subject. This in-depth discussion will explore the historical evolution of the industry and analyze future trends based on data assessed in collaboration with leading economists.
Our panelists will highlight the key growth drivers within Private Credit Finance and discuss how these trends influence the traditional capital stack. Attendees will have the opportunity to engage directly with the experts through a live Q&A session.
Date/Time
- Wednesday, October 9 (2:00 PM – 3:00 PM ET)
Objectives
- Inform members and conduct an in-depth exploration of the Private Credit Finance landscape
- Analyze the evolution of Private Credit Finance and project its future trajectory
- Review detailed industry data presented by specialists who have contributed to White Papers in the field
Experience Level
- Entry-Level
- Intermediate
- Advanced
Target Audience
- Originators
- Producers
- Underwriters
- Attorneys
- Servicers
Speaker(s)
- Moderator: Amber Rao, CCIM, Senior Vice President/Senior Mortgage Banker, Key Bank Real Estate Capital
- Victor Calanog, Global Head of Research and Strategy, Manu Life
- Jan Sternin, Senior Vice President, Managing Director of Servicing, Berkadia
- Kevin Fagan, Senior Director & Head of CRE Economic Analysis, Moody’s Analytics
- Anuj Gupta, Chief Executive Officer, A10 Capital
SEATTLE, October 03, 2024–(BUSINESS WIRE)–Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it will release financial results for its third-quarter ended September 30, 2024, after U.S. markets close on Wednesday, October 23, 2024.
Impinj will host a conference call and webcast to discuss its third-quarter 2024 results and fourth-quarter 2024 outlook at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may listen to the call by dialing +1-412-317-1863. A live webcast and replay will be available on the company’s website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and entering passcode 1320694.
Management’s prepared written remarks, quarterly financial data and the financial-results press release will be made available on the company’s website at investor.impinj.com on October 23, 2024.
Impinj Disclosure Channels to Disseminate Information
Impinj investors and others should note that we announce material information to the public about our company, products, services and other topics through a variety of means, including our website, press releases, SEC filings, blogs and social media, in order to achieve broad, non-exclusionary distribution of information to the public. We use the Impinj website, Facebook page, LinkedIn page and blog as a means of disclosing information about the company and its services and for complying with the disclosure obligations under Regulation FD. The information we post through these channels may be deemed material. Accordingly, we encourage investors and others to monitor these social media channels and our website in addition to following our press releases, SEC filings and public conference calls and webcasts.
About Impinj
Impinj (NASDAQ: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things — such as apparel, automobile parts, luggage, and shipments — to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20241003088525/en/
Contacts
Investor Relations
Andy Cobb, CFA
Vice President, Strategic Finance
+1 206-315-4470
ir@impinj.com
Media Relations
Jill West
Vice President, Strategic Communications
+1 206-834-1110
jwest@impinj.com
Shares of Levi Strauss & Co. (LEVI) are tumbling after the company slightly missed third quarter revenue expectations and trimmed its full-year revenue guidance. The company is also weighing the sale of its Dockers brand. All eyes are on the labor market as investors digest the latest initial jobless claims data ahead of Friday’s critical jobs report. With the labor market under pressure, September jobs data will give investors key insight into the direction the Federal Reserve may take in its next interest rate decision. Meanwhile, OpenAI has inked a $157 billion post-money valuation after raising $6.6 billion from investment firms and Big Tech companies in its latest funding round. According to Reuters, OpenAI has also asked its investors to refrain from funding its competitors, including Anthropic and Elon Musk’s xAI. Yahoo Finance trending tickers include Joby Aviation (JOBY), Clover Health Investments (CLOV), and Novavax (NVAX).
Key guests include:
9:00 a.m. ET – Brendan Ahern, KraneShares CIO
10:00 a.m. ET – Tom Porcelli, PGIM Fixed Income Chief U.S. Economist
10:30 a.m. ET – Harmit Singh, Levi Strauss & Co. Chief Financial and Growth Officer
10:50 a.m. ET – Sultan Meghji, Frontier Foundry Co-Founder & CEO, Former Chief Innovation Officer at the FDIC
11:30 a.m. ET – Vivian Tu, Your Rich BFF Founder & CEO
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