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July 23, 2021

Coronavirus: Business

Morgan Stanley is set to report second-quarter earnings – here’s what the Street expects

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CNBC – For more and to sign up click here James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report second-quarter earnings before the opening......

Bank of America shares dip after second quarter revenue misses expectations

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CNBC – For more and to sign up click here Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America shares dropped after posting second-quarter revenue below analysts’ expectations. Here’s how the bank did: Earnings: $1.03 a share, including a one-time $2 billion tax benefit. It wasn’t......

Citigroup is set to report second-quarter earnings — here’s what the Street expects

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CNBC – For more and to sign up click here Jane Fraser, chief executive officer for Latin American at Citigroup Inc., smiles during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. The conference brings together leaders in business, government, technology, philanthropy, academia, and......

JPMorgan tops estimates after posting $2.3 billion benefit on better-than-expected loan losses

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CNBC – For more and to sign up click here Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co, at a luncheon hosted by The Economic Club of Chicago on November 22, 2017 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images JPMorgan Chase reported profit......

5 ‘financial defenses’ you can put in place to build wealth, according to experts

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CNBC – For more and to sign up click here As Americans recover from the widespread economic impact of the Covid-19 pandemic, some are already looking ahead and putting “financial defenses” in place to head off the next period of uncertainty. More than half, 58%, of Americans say they’re in......

Quidel recalls Lyra Covid test due to high risk of false negative results

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CNBC – For more and to sign up click here A man inquires about a coronavirus disease (COVID-19) test at a mobile testing van in Brooklyn, New York, U.S., June 2, 2021. Brendan McDermid | Reuters Quidel is recalling its Lyra Covid-19 Assay test due to a high risk of......

Fed could be a surprise catalyst for the markets in holiday week

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: NYSE The quiet holiday week ahead could hold some fireworks for investors if the Federal Reserve reveals its thinking on its bond buying program. The four-day trading week could......

Explaining the volatile stock and bond market moves this week following the Fed’s update

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CNBC – For more and to sign up click here The Federal Reserve unleashed a huge repositioning in global financial markets, as investors reacted to a world where the U.S. central bank is no longer guaranteeing its policies will be dovish — or easy. The dollar surged the most in......

Dick’s Sporting Goods CEO Lauren Hobart says pandemic made lifestyles more active, outdoor-focused

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CNBC – For more and to sign up click here Lauren Hobart, president and member of the board of directors at Dick’s Sporting Goods Inc., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., U.S., on Tuesday, Oct. 22, 2019. Sarah Silbiger | Bloomberg | Getty Images As......

New York lifts most Covid restrictions ‘effective immediately’ now that 70% of adults have at least one vaccine shot

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CNBC – For more and to sign up click here People without mask walk at Times Square on May 19, 2021 in New York City. John Smith | Corbis News | Getty Images New York will lift most of its Covid-19 restrictions now that 70% of all adults in the......

Why the toy boom has been good for Monopoly maker Hasbro

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CNBC – For more and to sign up click here In turbulent times, parents turn to toys to keep their kids happy. That has helped propel sales at some of the biggest toymakers in the U.S., including Hasbro, the largest producer of board games. Hasbro has more than 1,500 brands,......

How bad are global shipping snafus? Home Depot contracted its own container ship as a safeguard

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CNBC – For more and to sign up click here A Home Depot location in Encinitas, California. Mike Blake | Reuters Home Depot is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was......

Why golf club-maker Callaway is moving away from the fairway

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CNBC – For more and to sign up click here With a record number of new golfers teeing off in 2020, Callaway, the maker of golf balls, clubs, bags and apparel, has been thriving. Callaway announced in May first-quarter net revenue of $652 million, a 47% increase from a year......

Inflation is hotter than expected, but it looks temporary and likely won’t affect Fed policy yet

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CNBC – For more and to sign up click here Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters Consumer prices jumped more than expected in May, but the surge in......

Hot inflation may have become scorching in May and is expected to hit a 28-year high

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CNBC – For more and to sign up click here Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, according......

AMC, meme stocks could spark more heat in the week ahead as investors await inflation news

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Inflation data is a highlight of the week ahead, as investors focus on economic news in the void between earnings season and the next Fed meeting. May’s consumer......

May jobs data expected to be strong, and could add to Fed debate on tapering bond buying

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CNBC – For more and to sign up click here A General Motors assembly worker loads engine block castings on to the assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, U.S. August 21, 2019. Rebecca Cook | Reuters Job growth in May is expected to be more......

Low-tax stocks slide after report says Biden is pushing for a 15% minimum corporate rate

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CNBC – For more and to sign up click here Amazon vans line up at a distribution center to pick up packages for delivery on Amazon Prime Day in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images Amazon, Qualcomm and Micron were among stocks that fell Thursday after a......

Stocks could hit new highs in early June, but then face challenges from inflation data and the Fed

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CNBC – For more and to sign up click here Traders on the New York Stock Exchange Source: NYSE Stocks are likely to reach new highs in June, but the extent of the market’s gains depends on how much a threat inflation becomes and whether it will prompt the Federal......

A big jobs report looms in the week ahead, as markets enter the often-weak month of June

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CNBC – For more and to sign up click here A trader works on the floor of the New York Stock Exchange. NYSE May’s employment report is the big event in the week ahead, as stocks enter the often weak month of June. Stocks are finishing May with a mixed......

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