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5 things to know before the stock market opens Tuesday – CNBC

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A man walks on Wall St. during the morning commute, as the city deals with record temperatures and the excessive heat, in New York, July 20, 2022.
Brendan McDermid | Reuters

Here are the most important news items that investors need to start their trading day:

1. Stock futures rise

U.S. equity markets were primed for a positive open Tuesday, which would come as a relief after Friday’s brutal selloff and Monday’s declines. Oil futures, meanwhile, declined early Tuesday after Monday’s rally. Investors are looking for a path forward after Fed Chairman Jerome Powell’s remarks Friday, in which he said the central bank would continue its aggressive rate hikes to put a lid on four-decade-high inflation. Fresh economic data is on the docket for Tuesday, including the Conference Board’s latest consumer confidence survey. High-profile names such as Best Buy, HP and CrowdStrike report earnings Tuesday, as well.

2. Best Buy earnings

A person exits a Best Buy store in New York City.
Andrew Kelly | Reuters

Best Buy beat Wall Street’s low expectations for sales and profit during its fiscal second quarter, as the big box electronics retailer suffered from lower consumer demand. People did plenty to stock up on electronics during the height of the pandemic, and surging inflation is driving shoppers to spend more on essentials such as gas and food. The company also stuck with its full-year guidance, which it had already cut in July. “As we entered the year, we expected the consumer electronics industry to be softer than last year following two years of elevated growth driven by unusually strong demand for technology products and services and fueled partly by stimulus dollars,” CEO Corie Barry said in the company’s earnings release, adding that the retailer and its cohorts are facing additional economic pressures.

3. Sony’s mobile gaming ambitions

PlayStation 5
Sony

Sony, the maker of the PlayStation family of consoles, is pushing into mobile gaming. The Japanese electronics and entertainment giant is in a tough spot with its gaming business. The demand that drove sales during the height of Covid lockdowns has dried up as people head back out to the office, restaurants and vacation spots. Sony is also struggling to meet demand for its PlayStation 5 console due to supply chain issues. The PlayStation mobile gaming unit will operate independently from the console business, the company said.

4. Ukraine claims success in counteroffensive

Ukraine’s President Volodymyr Zelenskyy stands at Independence Square as he congratulates Ukrainians on Independence Day, amid Russia’s attack on Ukraine, in Kyiv, Ukraine, in this handout picture released August 24, 2022. 
Ukrainian Presidential Press Service | Reuters

Ukraine has started a counteroffensive against Russian forces in the southern part of the nation, and it appears the Ukrainian military might have scored some early success. A spokesperson for Ukraine’s forces in the South told NBC News that some Russian forces have started to retreat. The news came as British intelligence said Russian forces in that region, particularly those in and around the city of Kherson, could be shorthanded and disorganized. “The occupiers must know: We will chase them to the border. To our border, which line has not been changed,” Ukraine President Volodymyr Zelenskyy said in an address Monday night. Read Ukraine war updates here.

5. Trouble in Greenland

An adult female polar bear (L) and a pair of 1-year-old cubs walk over a snow-covered freshwater glacier ice in Southeast Greenland in this handout photograph taken in March 2015. Kristin Laidre/University of Washington/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES MANDATORY CREDIT
Kristin Laidre | University Of Washington | Reuters

The Greenland ice sheet, the second biggest in the world, covers 80% of the island. New research says 3.3% of it will melt by 2100, leading to a sea-level increase of 10 inches. This will happen regardless of whatever actions humanity takes to battle climate change, scientists said. The forecast is more than twice as much as scientists have previously predicted from Greenland’s ice sheet. Rising sea levels threaten hundreds of millions of people and trillions of dollars in economic output in the United States and elsewhere.

— CNBC’s Jesse Pound, Arjun Kharpal, Melissa Repko, Holly Ellyatt and Emma Newburger contributed to this report.

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Stop Asking Your Interviewer Cliché Questions

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Most job search advice is cookie-cutter. The advice you’re following is almost certainly the same advice other job seekers follow, making you just another candidate following the same script.

In today’s hyper-competitive job market, standing out is critical, a challenge most job seekers struggle with. Instead of relying on generic questions recommended by self-proclaimed career coaches, which often lead to a forgettable interview, ask unique, thought-provoking questions that’ll spark engaging conversations and leave a lasting impression.

English philosopher Francis Bacon once said, “A prudent question is one half of wisdom.”

The questions you ask convey the following:

  • Your level of interest in the company and the role.
  • Contributing to your employer’s success is essential.
  • You desire a cultural fit.

Here are the top four questions experts recommend candidates ask; hence, they’ve become cliché questions you should avoid asking:

  • “What are the key responsibilities of this position?”

Most likely, the job description answers this question. Therefore, asking this question indicates you didn’t read the job description. If you require clarification, ask, “How many outbound calls will I be required to make daily?” “What will be my monthly revenue target?”

  • “What does a typical day look like?”

Although it’s important to understand day-to-day expectations, this question tends to elicit vague responses and rarely leads to a deeper conversation. Don’t focus on what your day will look like; instead, focus on being clear on the results you need to deliver. Nobody I know has ever been fired for not following a “typical day.” However, I know several people who were fired for failing to meet expectations. Before accepting a job offer, ensure you’re capable of meeting the employer’s expectations.

  • “How would you describe the company culture?”

Asking this question screams, “I read somewhere to ask this question.” There are much better ways to research a company’s culture, such as speaking to current and former employees, reading online reviews and news articles. Furthermore, since your interviewer works for the company, they’re presumably comfortable with the culture. Do you expect your interviewer to give you the brutal truth? “Be careful of Craig; get on his bad side, and he’ll make your life miserable.” “Bob is close to retirement. I give him lots of slack, which the rest of the team needs to pick up.”

Truism: No matter how much due diligence you do, only when you start working for the employer will you experience and, therefore, know their culture firsthand.

  • “What opportunities are there for professional development?”

When asked this question, I immediately think the candidate cares more about gaining than contributing, a showstopper. Managing your career is your responsibility, not your employer’s.

Cliché questions don’t impress hiring managers, nor will they differentiate you from your competition. To transform your interaction with your interviewer from a Q&A session into a dynamic discussion, ask unique, insightful questions.

Here are my four go-to questions—I have many moreto accomplish this:

  • “Describe your management style. How will you manage me?”

This question gives your interviewer the opportunity to talk about themselves, which we all love doing. As well, being in sync with my boss is extremely important to me. The management style of who’ll be my boss is a determining factor in whether or not I’ll accept the job.

  • “What is the one thing I should never do that’ll piss you off and possibly damage our working relationship beyond repair?”

This question also allows me to determine whether I and my to-be boss would be in sync. Sometimes I ask, “What are your pet peeves?”

  • “When I join the team, what would be the most important contribution you’d want to see from me in the first six months?”

Setting myself up for failure is the last thing I want. As I mentioned, focus on the results you need to produce and timelines. How realistic are the expectations? It’s never about the question; it’s about what you want to know. It’s important to know whether you’ll be able to meet or even exceed your new boss’s expectations.

  • “If I wanted to sell you on an idea or suggestion, what do you need to know?”

Years ago, a candidate asked me this question. I was impressed he wasn’t looking just to put in time; he was looking for how he could be a contributing employee. Every time I ask this question, it leads to an in-depth discussion.

Other questions I’ve asked:

 

  • “What keeps you up at night?”
  • “If you were to leave this company, who would follow?”
  • “How do you handle an employee making a mistake?”
  • “If you were to give a Ted Talk, what topic would you talk about?”
  • “What are three highly valued skills at [company] that I should master to advance?”
  • “What are the informal expectations of the role?”
  • “What is one misconception people have about you [or the company]?”

 

Your questions reveal a great deal about your motivations, drive to make a meaningful impact on the business, and a chance to morph the questioning into a conversation. Cliché questions don’t lead to meaningful discussions, whereas unique, thought-provoking questions do and, in turn, make you memorable.

_____________________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

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Canadian Natural Resources reports $2.27-billion third-quarter profit

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CALGARY – Canadian Natural Resources Ltd. reported a third-quarter profit of $2.27 billion, down from $2.34 billion in the same quarter last year.

The company says the profit amounted to $1.06 per diluted share for the quarter that ended Sept. 30 compared with $1.06 per diluted share a year earlier.

Product sales totalled $10.40 billion, down from $11.76 billion in the same quarter last year.

Daily production for the quarter averaged 1,363,086 barrels of oil equivalent per day, down from 1,393,614 a year ago.

On an adjusted basis, Canadian Natural says it earned 97 cents per diluted share for the quarter, down from an adjusted profit of $1.30 per diluted share in the same quarter last year.

The average analyst estimate had been for a profit of 90 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Oct. 31, 2024.

Companies in this story: (TSX:CNQ)

The Canadian Press. All rights reserved.

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Cenovus Energy reports $820M Q3 profit, down from $1.86B a year ago

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CALGARY – Cenovus Energy Inc. reported its third-quarter profit fell compared with a year as its revenue edged lower.

The company says it earned $820 million or 42 cents per diluted share for the quarter ended Sept. 30, down from $1.86 billion or 97 cents per diluted share a year earlier.

Revenue for the quarter totalled $14.25 billion, down from $14.58 billion in the same quarter last year.

Total upstream production in the quarter amounted to 771,300 barrels of oil equivalent per day, down from 797,000 a year earlier.

Total downstream throughput was 642,900 barrels per day compared with 664,300 in the same quarter last year.

On an adjusted basis, Cenovus says its funds flow amounted to $1.05 per diluted share in its latest quarter, down from adjusted funds flow of $1.81 per diluted share a year earlier.

This report by The Canadian Press was first published Oct. 31, 2024.

Companies in this story: (TSX:CVE)

The Canadian Press. All rights reserved.

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