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We are providing the most considerable news items essential for investors prior to starting their trading day.

• The Earnings Factor

This week is considered more crucial for this earnings season, especially for some major tech companies. Google parent Alphabet, Facebook parent Meta, Microsoft, Apple, and Amazon all have scheduled to provide quarterly reports this week. Most of these companies have traditionally reported powerful results with multiple expectations.

Meanwhile, this trend has led to evaporation in the market as most investors are looking for a bottom level. Most stocks boosted on Friday to mark their best week since June 2022. The US Federal Reserve is making preparations to increase rates again while inflation is still high. The following are the major firms reporting this week.

General Motors, Coca-Cola, JetBlue, and UPS reported before the bell. However, Alphabet, Mattel, and Microsoft reported after the bell on Tuesday.

Boeing and Kraft Heinz reported before the bell, and Ford and Meta after the bell on Wednesday.

McDonald’s, Southwest, and Comcast reported before the bell, and Amazon, Intel, and Apple reported after the bell on Thursday.

• Powerful Grip of President Xi on China

The ruling Communist Party of China finished its congress this weekend with undoubtedly approving the authority of President Xi Jinping. The Chinese leader is in line for a 3rd term as President and is prepared to remain for longer than that. However, the major leadership group around him is now filled with devotees.

The changes have indicated that the Chinese government is more dedicated to its growing stuffed relationship with the US. However, there is also an enigma surrounding the former Chinese leader, Hu Jintao. Keep in mind that Jintao was publicly terminated from his position next to his substitute, Xi. He also conducted the party’s congress on Saturday.

• The Race for UK Prime Minister

It seemed as if Boris Johnson would actually not come back just 2 months after his departure to 10 Downing Street. Liz Truss (his successor) left as Prime Minister in a painfully grand fashion than Johnson did after a scandal broke his tenure. However, Johnson earlier suggested that he could return soon. But he pulled out from the Conservative leadership race over the weekend.

Johnson’s withdrawal offered a path for his former finance minister, Rishi Sunak, to take the power. It is important that Sunak finished 2nd to Truss in their race during the summer. Truss pushed back her economic plans and called for abrupt tax cuts. Meanwhile, markets again revolted after her administration originally proposed such an economic package.

• Russian Dirty Bomb Claims & US Response

Russian authorities found spreading claims about Ukrainian preparation of using a dirty bomb. It is a device capable of poisoning a region with radioactivity without any nuclear explosion. The US Secretary of State Antony Blinken condemned the Russian “instantly false” message. Meanwhile, more than a million Ukrainians are experiencing electricity failure because of a barrage of Russian strikes on infrastructure and cities.

• Black Adam at the Box Office

Dwayne Johnson (The Rock) and Warner Brothers have evoked a silent spell at the weekend box office. However, the superhero jolt “Black Adam” marked the most excellent opening weekend for any movie since July. The situation offered relief for movie theaters which were presenting a big blockbuster movie after Thor and Top Gun. Black Adams still has to recover a reported budget of $200 million.