5 issues it’s essential know earlier than the inventory market opens on Thursday

Here are the top news investors need to start their trading day:

1. Stock futures are the same

Traders on the NYSE Floor, 2022 August 1

Source: NYSE

2. Walmart lays off corporate employees

in 2022 a shopping cart outside a Walmart store in Torrance, California, on Sunday, May 15. Walmart Inc. is slated to earnings data will be published on May 17.

Bing Guan | Bloomberg | Getty Images

Walmartthe largest private employer in the United States, has began to lay off company employees. The decision, which the company confirmed Wednesday, comes a little more than a week after the Arkansas-based retail giant cut its full-year profit outlook and warned about the impact of inflation on discretionary spending. “Buyers are changing. Customers are changing,” Walmart spokeswoman Anne Hatfield told CNBC’s Melissa Repko on Wednesday. “We’re doing some restructuring to make sure we’re aligned. Read the full CNBC story here.

3. Oil fluctuates after near 6-month lows

Oil pumps are inspected at the Inglewood Oil Field in Los Angeles, California. Oil prices fell early on Monday as investors braced for a meeting this week between OPEC and other top producers to adjust supply.

Mario Tama | Getty Images News | Getty Images

Oil bounced between gains and losses on Thursday morning, a day after oil futures for both the U.S. and international benchmarks fell by almost 4 percent. and settled at its lowest level since February. The move came as OPEC and its oil-producing allies said they would will increase its production by only 100,000 barrels per day in September. Energy markets were also weighed down by unexpected increases in US oil and gasoline inventories in Wednesday’s session. West Texas Intermediate futures traded as low as $90.15 a barrel on Thursday morning.

4. Alibaba shares rise after earnings beat

A growing number of Asian companies have announced share buybacks in recent weeks. Chinese internet giant Alibaba has announced it will increase its share buyback program from $15 billion. up to 25 billion

Sheldon Cooper, SOPA Images | LightRocket | Getty Images

5. The Bank of England raises interest rates by half a percentage point

General view of the Royal Exchange, Bank of England and City of London on a cloudy day.

Vuk Valcic | SOPA Images | LightRocket | Getty Images

The Bank of England raised interest rates by 50 basis points on Thursday, the biggest single meeting in 27 years, as the UK’s central bank tries to curb inflationary pressures. It should be noted that the Bank of England now predicts that in 2022 in the fourth quarter, the country’s economy will enter a recession that may last more than a year. It expects headline inflation to peak in October at 13.3 percent, and by 2025 Read the full story from CNBC’s Elliott Smith here.

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