RR Reading http://rrreading.com/ Wed, 15 Sep 2021 16:19:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://rrreading.com/wp-content/uploads/2021/03/rrrreading-icon-70x70.png RR Reading http://rrreading.com/ 32 32 Decomposition of inflation figures draws attention to oil prices http://rrreading.com/decomposition-of-inflation-figures-draws-attention-to-oil-prices/ http://rrreading.com/decomposition-of-inflation-figures-draws-attention-to-oil-prices/#respond Wed, 15 Sep 2021 14:49:59 +0000 http://rrreading.com/decomposition-of-inflation-figures-draws-attention-to-oil-prices/

Oil futures (/ CL) are up 1% this morning ahead of the Crude Oil Inventories report. While the NY Empire State Manufacturing index was almost double the forecast. However, the news failed to move the markets.

It’s hard to get Microsoft (NASDAQ: MSFT) to move 1%, but her announcement that it is increasing its quarterly dividend by 11% and launching a $ 60 billion stock buyback program is moving stocks. The news helped support Dow Jones Industrial Average Futures (/ YM) who appear to be fighting downward pressure. Stock index futures are mixed Wednesday morning with the NASDAQ 100 (NQ) and S&P 500 (/ ES) on the positive side.

Meanwhile, the Business Wire reported that Goldman Sachs (GS) has announced its intention to purchase Green sky (NASDAQ: GSKY) for $ 2.24 billion. GSKY is the largest fintech platform for home improvement loan origination. The company allows consumers to “pay as you go” using flexible loan products.

A few Covid actions are making waves this morning. Regenerate (NASDAQ: REGN) traded more than 2% more in pre-market trading on news that the U.S. government has purchased an additional 1.4 million doses of its monoclonal antibody treatment for Covid-19. CureVac(NASDAQ: CVAC) disappointed clinical trials that led the company to cancel deals with two manufacturers.

Some gaming stocks are trading lower again because China and Macau want to tighten their control over the casino industry. Wynn Resorts (NASDAQ: WYNN) fell 10.9% on Tuesday and Sands of Las Vegas (NYSE: LVS) was down 9.6% and both stocks were down 5% in pre-market. Regulatory changes are difficult to predict, so be careful when trying to choose a floor.

Other actions to watch out for include Citrix Systems, Inc. (NASDAQ: CTXS) which climbed 7.8% in pre-market trading as The Wall Street Journal reported that hedge fund Elliott Management had more than $ 1 billion in stocks. And, Square space (NYSE: SQSP) as it is up 4.9% before the opening.

Inflate the numbers

Tuesday’s consumer price index (CPI) turned out weaker than expected with a seasonally adjusted rise of 0.3% in August. The July CPI rate was 0.5% and the June rate was 0.9%. So August was definitely an improvement. However, inflation has increased by 5.3% in the past year, which is felt by many consumers.

Core inflation, which excludes more volatile consumer products like food and energy, rose just 0.1% in August, but 4.3% year-on-year. The slowdown in price increases is probably a good sign that current inflation may only be transitory. However, Monish Patolawala, CFO of 3M (NYSE: MMM) told a Morgan stanley (NYSE: MS) Monday’s conference that inflation is higher than expected and is hitting the company’s bottom line.

It is often difficult to know to what extent inflation will actually affect the consumer. Companies may have to pay higher prices for raw materials, parts, machinery, etc., but they cannot always pass on these additional costs. A basic principle of economics is that a product is only worth what a person is willing to pay for it. If the company increases the price of a product, consumers can choose not to buy it or buy less.

Losing the consumer puts a business in a difficult position as it must determine whether it can absorb the costs and go for a lower profit margin or whether it should abandon the product. The summer earnings season has been fairly positive, meaning that many companies appear to have dealt with recent inflation issues. Hopefully businesses can follow the trend.

Stocks are deflating

On Tuesday morning, stock futures initially rallied on the CPI news. However, the rally faded into the morning session. The S&P 500 index closed lower on Tuesday for the sixth consecutive session. Concerns about the Delta variant continue to haunt investors, at least with the current uptrend without any major corrections.

Slowing inflation could mean the Fed won’t feel the need to cut sooner, putting less pressure on Fed Chairman Jerome Powell. Powell seems to like President Biden, according to Barron some Washington observers believe Powell will get a second term as Fed chairman.

Apple (NASDAQ: AAPL) also traded lower despite its highly anticipated Apple event. While the colors of the new phones are impressive, it can be hard to imagine consumers paying over a mile for a new phone as the cost of living continues to rise.

Treasury yields rebound on support

TABLE OF THE DAY: Graphic source: The thinkorswim® platform. For information only. Past performance is no guarantee of future results.

A new energy crisis? : In Monday’s Bloomberg interview, the global head of the commodities research division at Goldman Sachs (GS) Jeff Currie reiterated his $ 80 a barrel crude oil (/ CL) forecast by the end of the year. In June, a Bank of America Global Research report forecast $ 100 a barrel in 2022. As core CPI suppresses oil and food prices, oil prices could be a major drag on the economy. it achieves these goals.

If oil reaches these levels, drillers like Precision drilling (NYSE: PDS), Transoceanic (NYSE: RIG), Nabors (NYSE: NBR), and Helmerich and Payne (NYSE: HP) could potentially benefit. Due to the high amounts of capital required to cover drilling costs, high oil prices make drilling more financially viable.

Natural gas (/ NG) prices have also climbed around 100% since the start of the year. According to CNBC, Europe is experiencing a gas shortage which is helping to drive up the goods. Natural gas storage is 16% below its five-year average in Europe and 7.6% in the United States Natural gas companies like Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Hess Corp. (NYSE: HES), Western (NYSE: OXY), and Pioneer (NYSE: PXD) will be some of the companies poised to help meet growing demand.

The potential rise in natural gas prices will likely correlate with the harshness of winter temperatures.

The nuclear option: Another product that is catching the attention of futures traders is uranium (/ UX). The rare material has exploded the chart by about 45% since mid-August. Uranium miner Comeco Corp (NYSE: CCJ) is one of the few miners to benefit from the rally.

There aren’t many uses for uranium and the most important is nuclear power. In June, Business Insider US reported that Bill Gates and Warren Buffet were planning to build a “Next-Gen” nuclear power plant in Wyoming. Bill Gates is the founder of TerraPower which designs nuclear reactors and received initial funding of $ 80 million from the US Department of Energy. While Warren Buffet’s Berkshire Hathaway (NYSE: BRK-A) has the PacifiCorp utility. The plant is expected to cost $ 1 billion and take about seven years to build.

The announcement places the partnership in a wide open field. Bloom Energy Corp (NYSE: BE) is one of the few nuclear power companies still listed on the stock exchange. However, because some still view nuclear power as controversial, it could cause some regulatory blockages for the industry.

Interest in the short-circuit is cooling: Goldman Sachs Global Investment Research has reported that short interest in S&P 500 stocks has fallen to its lowest level since 2000. Short selling is a strategy in which an investor tries to play on the downside of a stock by selling borrowed stocks and buying them back at a lower price. Of course, the risk of loss is potentially unlimited since there is no limit to the increase in the price of a share. Short interest is a measure of the number of shares of a stock currently sold short.

Last year, many bearish investors actually took it in shorts as meme traders targeted their positions and forced them to buy back their stocks. In some cases, at very large losses. Companies like GameStop Corp. (NYSE: GME) and AMC (NYSE: AMC) saw huge gains as shorts were squeezed out of their positions.

Many short sellers may be a little nervous about playing bearish in the market. The last time short-term S&P 500 interest was this low was during the dot-com bubble of 2000. This low level may suggest that the market is overheating.

TD Ameritrade® commentary for educational purposes only. SIPC member.

Image by James Armbruster from Pixabay

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DataStax Adds Multi-Regional Flexibility to Its Serverless Cloud Database http://rrreading.com/datastax-adds-multi-regional-flexibility-to-its-serverless-cloud-database/ http://rrreading.com/datastax-adds-multi-regional-flexibility-to-its-serverless-cloud-database/#respond Wed, 15 Sep 2021 14:04:56 +0000 http://rrreading.com/datastax-adds-multi-regional-flexibility-to-its-serverless-cloud-database/

Apache Cassandra has grown into one of the world’s leading open source databases over the past 10 years, used in everything from IoT data management to personalization, e-commerce and other applications. sale to detail.

With her roots in working at Amazon, Facebook and Google, Cassandra is extremely capable of handling data at scale, but she is not known for her ease of use. The NoSQL wide column database management system has traditionally required experienced administrators with the know-how and skills to configure and manage it.

But that is about to change. Over the past year, DataStax has added new features such as serverless; User-friendly APIs for developers; and broadcasting messages to its Cassandra-based server Astra DB cloud database. New cloud native features transform a popular on-premises corporate heavyweight database into a modern, fully managed cloud service that can be used by businesses of all sizes and millions of developers.

“Cassandra made a lot of things possible, but it didn’t necessarily make them easy,” says Ed Anuff, Product Manager at DataStax. “We’re automating the Cassandra experience, so you don’t need a whole bunch of experts to use it. ”

Data confidentiality and governance

DataStax’s latest innovation in Astra DB, introduced this week, is multi-regional replication, which makes it easier for customers to store and process data in geographic regions that match their business needs. Multi-regional support allows users to:

  • Designate the geographic region where the data is processed and stored. This helps organizations comply with GDPR and other data sovereignty and privacy requirements, which differ from country to country. It also enables businesses to grow globally with applications and services that support partners and customers in regional proximity.
  • Build high performance applications with low latency. Cloud databases located in a region may be able to provide faster response times. This is especially important for applications, such as transactions or real-time updates, that require a response in milliseconds.
  • Improve business continuity with high availability and disaster preparedness. Astra DB automatically replicates data in all regions, so customers are less susceptible to infrastructure failures and other potential disruptions.

Cassandra, and therefore Astra DB, are well suited for multiregional deployment due to an active-active, or “active everywhere” architecture made up of independent replicated nodes.

Craig Kitterman, VP of Product Management at DataStax, explains that Astra DB’s multi-regional capacity can be set up in minutes, allowing organizations that may not have the in-house expertise to configure them. – even multiregional databases. “We take out all the complexity,” says Kitterman.

Avoid confinement

Astra DB is available on each of the three major public clouds: AWS, Google Cloud, and Microsoft Azure. This means that Astra DB is now both multi-regional and multi-cloud, giving businesses even greater flexibility in data distribution and management.

In addition to the benefits described above, the benefits include ease and speed of deployment and the ability to use Astra DB in a preferred cloud environment. For example, IT teams who may already be using Google Cloud’s BigQuery for data warehousing may want to use Astra to build new applications in Google Cloud, as this is a standard within their cloud architecture. . Likewise with organizations that lean towards AWS or Microsoft Azure.

There is another factor in the decision about cloud providers: Customers don’t want to be locked into a particular cloud environment. Astra DB’s multi-cloud and multi-region options help mitigate this very common scenario.

Range of deployment options

Astra DB is available as a fully managed cloud service, which means DataStax handles database administration and software updates. This takes the pressure off the day-to-day management of customer systems, so development teams can focus on application development and business support.

Here too, however, customers have a choice. For organizations that prefer to do the convenient management themselves, the DataStax database can be self-managed in the cloud. And for those who want to use it on premise as part of a hybrid cloud strategy, DataStax Enterprise is available for download.

The multi-regional deployment is the latest in a series of new cloud features provided by DataStax with Astra DB. The goal, according to product manager Anuff, is to turn Cassandra into a cloud-native database environment that is much easier to use and use for developers. “We are making progress on all fronts,” says Anuff.

Turnkey cloud database

DataStax, as the company name suggests, is developing a “stack” of data management capabilities. The main capabilities introduced in the last 12 months include:

  • Astra DB serverless, made possible by decoupling compute and storage, enables automatic scaling, both up and down, to accommodate changes in database workloads. In addition to providing elasticity of resources, Serverless Database as a Service can reduce costs because customers only pay for server capacity used.
  • Astra streaming is a beta messaging and event streaming feature that is built on the Apache Pulsar messaging and streaming platform. Astra Streaming supports “data in motion” and applications that require real-time messaging, such as payment processing.
  • Star gate, an open API framework, allows full-stack developers to use their preferred APIs, such as JSON, GraphQL, and REST. In this way, they can work with different types of data and data stores for application development.
  • K8ssandra, Cassandra’s open distribution of DataStax on Kubernetes, works on major cloud platforms through integration with Amazon Elastic Kubernetes Service, Google Kubernetes Engine, and Azure Kubernetes Service. This makes it easier to manage the Astra database as part of a container orchestration approach.

What does all this add up to? Anuff describes the rapidly expanding AstraDB cloud stack as an open, connected data platform that brings together all the infrastructure needed to manage data across an enterprise and, now, around the world. Or more simply, he calls it a “turnkey” cloud data environment.

Serverless capability and other ease of use features have also made Astra DB – and, by extension, Cassandra – accessible to more businesses. In the past, Cassandra excelled on a large scale, but “it wasn’t small,” says Anuff.

Now Serverless Astra DB can operate on a small scale when the workload is light, while scaling up to a million operations per second or more when needed. This is what happens when an enterprise database is transformed through cloud services, scaling, and delivery options.

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Business News | Stock market and stock market news http://rrreading.com/business-news-stock-market-and-stock-market-news-7/ http://rrreading.com/business-news-stock-market-and-stock-market-news-7/#respond Tue, 14 Sep 2021 05:23:16 +0000 http://rrreading.com/business-news-stock-market-and-stock-market-news-7/

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