U.S. Factory Orders Jump More Than Expected In November

Santander Holdings USA Extends Expiration Date Of Tender Offer For Santander Consumer USA

Santander Holdings USA, Inc. has extended the expiration date of its tender offer to acquire all outstanding shares of common stock of Santander Consumer USA Holdings Inc. (SC) not already owned by SHUSA for $41.50 per share. The tender offer is now scheduled to expire on January 20, 2022.

Approximately 13.0 million shares of common stock of Santander Consumer USA Holdings have been tendered and not validly withdrawn in the tender offer as of January 12, 2022.

Santander Holdings USA, Inc. is a wholly-owned subsidiary of Banco Santander, S.A. (SAN).

Gold Engulfed In Inflationary Inferno

Gold Futures for February Settlement oscillated between $1818.55 and $1828.15 per troy ounce as the prospect of an immediate transition to a tight monetary policy regime by the Federal Reserve diminished the yellow metal’s glitter.

Gold Futures is currently trading at $1824.90, down 0.13 percent from the previous close of $1827.30.

Thursday’s trading reflected renewed anxieties as another inflation reading, the Producer Price Index for the month of December is due for release early in the day. The measure is forecast at 0.5 percent versus the previous month’s reading of 0.7 percent.

The dip in the dollar denominated prices of the precious metal is despite the Dollar Index falling by 0.15 percent overnight to 94.78.

The recent data release that showed the U.S. inflation increasing to a forty-year high of 7 percent and the Fed’s aggressive stance in inflation fire-fighting have led to fresh debates on Gold’s efficacy as an inflation-hedge.

Herald morning quiz: January 14

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20 Under $20: Beckoning Bottles in the Dead of Winter

These 20 wines are not from the most famous regions. But they are great values and, most important, delicious.

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By Eric Asimov

Applied Materials Rises 4%; Maintains Upward Tick

Shares of chipmaker Applied Materials, Inc. (AMAT) are rising 4 percent on Thursday’s trading, continuing the upward movement since the past few days.

The stock’s upward tick comes in the backdrop of analysts predicting that the semiconductor sector will be a big gainer in 2022 as demand grows and supply-chain constraints ease.

Currently, at $165.90, the stock has traded between $96.07 and $166.53 during the past 52 weeks.

'It's insane': Gas station owner reveals what inflation is doing to his business

New York (CNN Business)A key inflation measure climbed to a record high in 2021, as pandemic price hikes just aren’t going away.

The US producer price index, which tracks what America’s producers get paid for their goods and services on average over time, rose 9.7% last year, not adjusted for seasonal swings. It was the biggest calendar-year increase since the data series began in 2010, according to the Bureau of Labor Statistics.
It was a slightly smaller advance than economists had predicted.

    Stripping out prices for food, energy and trade services, which measures the changes in margins received by wholesalers and retailers, the inflation index rose 6.9% last year, compared with a modest 1.3% increase in 2020.

      In December alone, the PPI data followed a similar pattern as the consumer price index that came out Tuesday: Prices still rose in December, but at a much slower pace than in the previous months.

        More than half of the price increases for services came on the back of higher prices for trade services.
        This is a developing story. It will be updated.

        GrowGeneration Slips 11% As FY21 Revenue Outlook Misses Estimates

        Shares of organic garden centers chain GrowGeneration Corp. (GRWG) are down 11 percent on Thursday’s trading with the company’s projected 2021 revenue outlook coming in below market expectations.

        The company announced full-year 2021 revenue expectations of $420 million to $422 million, a 118 percent rise from $193 million for 2020. On average, 9 analysts polled by Thomson Reuters expect the company to earn $437.6 million in the year ahead.

        The fourth quarter revenue expectation is between $88 million to $90 million. Same-store-sales for 2021 is expected to grow 24.4 percent for the full year and decline by 12.3 percent for the fourth quarter.

        Currently at $9.87, the stock has traded between $9.82 and $67.75 during the past 52 weeks.

        U.S. Factory Orders Jump More Than Expected In November

        A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured goods increased by more than expected in the month of November.

        The Commerce Department said factory orders surged up by 1.6 percent in November after jumping by an upwardly revised 1.2 percent in October.

        Economists had expected factory orders to shoot up by 1.3 percent compared to the 1.0 percent advance originally reported for the previous month.

        The bigger than expected increase in factory orders came as orders for durable goods spiked by 2.6 percent, while orders for non-durable goods rose by 0.7 percent.

        The report also showed shipments of manufactured goods increased by 0.7 percent in November after jumping by 2.0 percent in October.

        Inventories of manufactured goods also advanced by 0.7 percent in November following a 0.9 percent increase in the previous month.

        With inventories and shipments rising at the same rate, the inventories-to-shipments ratio was unchanged from the previous month at 1.46.