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  • Manufacturing Activity Declined in January

    From richmondfed.org Story is in PDF Format

    Fifth District manufacturing firms reported some deterioration in business conditions in January, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index fell noticeably into negative territory, decreasing from 1 in December to -11 in January. Each of its three component indexes: shipments, new orders, and employment declined, with the index for new orders plummeting from -4 to -24 in January. Alongside a slightly negative employment index, the wage index increased from 37 to 41 in January. The local business conditions index also decreased somewhat, moving ... (full story)

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    Switzerland sent 524 tonnes of gold to China last year, the most since 2018

    From nasdaq.com|Jan 24, 2023

    Swiss exports of gold to countries including China, Turkey, Singapore and Thailand surged to multi-year highs last year, Swiss customs data showed on Tuesday, as low prices ...

    Private sector contraction in the US continues into the new year, with renewed pick up in cost...

    From pmi.spglobal.com|Jan 24, 2023|16 comments

    Private sector firms in the US registered a further decline in output at the start of 2023, according to latest ‘flash’ PMI™ data from S&P Global. The fall in business activity ...

    NYSE trading open sees unusual number of halted stocks

    From @DeItaone|Jan 24, 2023

    tweet at 9:37am: NYSE TRADING OPEN SEES UNUSUAL NUMBER OF HALTED STOCKS tweet at 9:37am: Looks like 81 stocks were just halted for LULD despite not hitting the bands/thresholds: https://t.co/seHwXtgEpg tweet at 9:38am: Trades were posted to tape that were incorrect. tweet at 9:40am: BREAKING — several stocks are halted for an unknown reason at the start of trading, and aren’t showing up on computers or tablets resulting in confusion across the NYSE floor “It’s a huge problem,” one long time trader tells me. “I’ve never seen anything like it.” @TheStreet https://t.co/Tg58SqT2NQMarket Goes Haywire With Dozens Of NYSE Trading Halts At The Open After "Technical Glitch" It has been a while since we had a market-wide break. Something snapped at exactly 9:30:00 am ET this morning when stocks opened for trading, only... they didn't, as instead hundreds of NYSE-listed stocks were immediately halted for trading after breaching circuit breaker limits... image ... which among others saw giga-caps such as Exxon, Morgan Stanley, Verizon, AT&T, Nike, McDonald’s and Wells Fargo tumble as much as 8%, or more... While it is unclear what the "technical glitch", as CNBC called it, in question was many stocks had abnormally large moves when stocks opened for trading, which triggered the resulting volatility halts. It took several minutes for the circuit breakers to be lifted and for trading to return to something resembling normalcy although nobody knows if these prices are accurate or still affected by whatever glitch halted trading.

    •   Newer Stories
    Gold prices falling below $1,930 following increase in U.S. flash PMI

    From kitco.com|Jan 24, 2023|1 comment

    The gold market continues to see some technical selling pressure as better-than-expected data economic data is prompting some investors to take profits at fresh nine-month highs. ...

    Lil Baby Ices Out 7-Year-Old Son with Diamond Pendants to Match Collection

    From tmz.com|Jan 24, 2023

    Lil Baby strives to be the most fly rapper in the game and that mentality obviously trickles down to his own children!!! The Atlanta rapper recently hit up Icebox Diamonds & ...

    Nornickel Cuts Output of Key Battery Metals on Repairs and Fire

    From bnnbloomberg.ca|Jan 24, 2023

    Russia’s MMC Norilsk Nickel PJSC plans to cut nickel output and slash production of key battery metal cobalt this year, due to delayed plant repairs and a fire at a refinery. The ...

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  • Story Stats
  • Posted: Jan 24, 2023 10:00am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 0  /  Views: 841
  • Linked event:
    US Richmond Manufacturing Index
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