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July 22, 2021

Economy

Here’s how to tap your house for cash as home prices soar

CNBC Real Estate
Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period.......

European Central Bank vows a ‘persistently accommodative’ stance in new guidance

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CNBC – For more and to sign up click here The European Central Bank on Thursday held monetary policy steady, but tweaked its guidance to reflect its recently-hiked inflation target. The ECB has committed to purchasing 1.85 trillion euros ($2.2 trillion) of bonds until March 2022 as part of its......

U.S. jobless claims show surprise gain, well above expectations

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CNBC – For more and to sign up click here Weekly jobless claims unexpected moved higher last week despite hopes that the U.S. labor market is poised for a strong recovery heading into the fall. Initial filings for unemployment insurance totaled 419,000 for the week ended July 17, well above......

UK digital bank Starling trims losses as revenue skyrockets 600%

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CNBC – For more and to sign up click here The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — British digital bank Starling reported a sevenfold increase in revenue in the 16 months ending March 2021 as its lending soared, helping to......

Chinese economist uses keynote speech to discuss competition with the U.S.

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CNBC – For more and to sign up click here Chinese authorities have promoted the use of the yuan worldwide, while the U.S. dollar dominates global transactions. Getty Images BEIJING — A Chinese economist’s keynote speech at a major asset manager’s investment strategy event last week focused on international politics......

Stock futures are flat after major averages turn positive for the week

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CNBC – For more and to sign up click here U.S. stock index futures were flat in overnight trading on Wednesday, after the major averages advanced during regular trading to turn positive for the week. Futures contracts tied to the Dow Jones Industrial Average gained 27 points. S&P 500 futures......

‘Left for dead’ stocks tied to the economic rebound will see a revival, top investor Jeff Mills predicts

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CNBC – For more and to sign up click here Investors may want to consider putting new money to work in stocks. This recent upheaval is creating significant investment opportunities in cyclical and value stocks, according to Bryn Mawr Trust’s Jeff Mills. “[These areas] of the market that have really......

Stocks making the biggest moves after hours: Las Vegas Sands, CSX, Texas Instruments & more

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CNBC – For more and to sign up click here Signage is displayed outside the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Roger Kisby | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Las Vegas Sands — Shares of the......

Republicans sink Schumer’s test vote on bipartisan infrastructure plan, but talks continue

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CNBC – For more and to sign up click here U.S. Senate Majority Leader Chuck Schumer (D-NY) looks down the hall after speaking to reporters following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, July 20, 2021. Elizabeth Frantz | Reuters WASHINGTON – A key procedural......

Stocks making the biggest moves midday: Chipotle, Netflix, Verizon and more

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CNBC – For more and to sign up click here Customers wait outside of a Chipotle restaurant as they wait to enter in order to place an order as Florida continues with its Phase 1 of reopening the state during the Coronavirus (COVID-19) pandemic on May 19, 2020, in Aventura,......

The bond market is torn over the potential for higher inflation and lower growth

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CNBC – For more and to sign up click here A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters A volatile environment for government bonds is reflecting a highly uncertain future for the......

Stocks making the biggest moves premarket: Coca-Cola, Johnson & Johnson, Netflix, Verizon & more

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Johnson & Johnson – J&J shares rose roughly 1% in the premarket after the company beat quarterly forecasts and raised its earnings outlook amid strong sales of drugs and medical devices. J&J......

Stocks making the biggest moves premarket: Travelers, Halliburton, IBM, PPG & more

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Travelers – The insurance company earned $3.45 per share for its second quarter, easily beating the consensus estimate of $2.39. Revenue also topped forecasts, with Travelers benefiting from higher premiums, improved investment......

Salesforce projects retailers will pay $223 billion extra for goods in the second half

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CNBC – For more and to sign up click here Shoppers carry bags of purchased merchandise at the King of Prussia Mall, in King of Prussia, Pennsylvania, December 8, 2018. Mark Makela | Reuters Retailers in the U.S. will spend $223 billion more in the second half of 2021 than......

Travel prices and crowds are surging — but not at these U.S. destinations

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CNBC – For more and to sign up click here Many Americans are seeking quiet, secluded trips to the great outdoors this year — only to find millions of others are doing the exact same thing. Travelers hoping to avoid the throngs in cities and theme parks are finding themselves......

Market’s violent moves will set stage for a massive comeback, Wall Street bull predicts

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CNBC – For more and to sign up click here Market bull Art Hogan is looking beyond the trading week’s rough start. The National Securities chief market strategist expects the violent moves will set the stage for a massive comeback that will prompt him to hike his S&P 500 year-end......

Stocks making the biggest moves midday: Boeing, Carnival, Goldman Sachs and more

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CNBC – For more and to sign up click here Employees work in the cargo hold of a Boeing 737 MAX 9 test plane outside the company’s factory, on March 14, 2019 in Renton, Washington. Stephen Brashear | Getty Images News | Getty Images Check out the companies making headlines......

Generate Capital raises $2 billion for sustainable infrastructure investments

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CNBC – For more and to sign up click here choja | E+ | Getty Images Green infrastructure investment firm Generate Capital said Monday that it has raised $2 billion in fresh funding amid a boom in clean-energy projects and interest from Wall Street in emissions-reducing investments. The new capital,......

Home insurance company Kin to go public via SPAC merger

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CNBC – For more and to sign up click here Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Direct-to-consumer home insurance technology company Kin Insurance is going public through a reverse......

Dow futures drop over 200 points after major averages post first negative week in four

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CNBC – For more and to sign up click here U.S. stock index futures fell during early morning trading on Monday, after the major averages posted their first negative week in four. Futures contracts tied to the Dow Jones Industrial Average slid 246 points. S&P 500 futures and Nasdaq 100......

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