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    • Breaking News
    Nov 21, 2022
    • The People's Bank of China held its 1-year and 5-year loan rates for the third month in a row on the weakness in renminbi.
      • Treasury bond yields rose after investors digested the latest comments from the Federal Reserve officials.
        • Disney stock jumped 6% after the company announced Bob Iger will return as CEO, 11-months after he left the entertainment company.
          • Oil and natural gas sector stocks led the decliners after crude oil prices dropped to the lowest level since early January.
            • Coinbase Global plunged 10% on the growing skepticism about the cryptocurrency market after FTX filed bankruptcy protection.
              • German producer price inflation in October eased to 34.5% form 45.8% in September, the lowest level in four months, Destatis data showed.
                • Zoom reported Q3 revenue rose 5% to $1.1 billion and net income plunged to $48 million or 16 cents a share from $340 million or $1.111 a year ago.
                  • Urban Outfitters Q3 sales rose 3.9% to $1.17 billion, net income plunged to $37 million or 40 cents a share from $89 million or 89 cents a year ago.
                    • Anthropologie and Free People brands comparable sales strength supported the third quarter results of Urban Outfitters.
                      • Dell Technologies said Q3 revenue fell 6% to $24.7 billion and net income plunged 93% to $241 million or 33 cents a share.