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April 15, 2021

Markets

CNBC survey shows support for infrastructure spending much less than previous stimulus

CNBC
CNBC – For more and to sign up click here A slight plurality of Americans support President Joe Biden‘s $2.25 trillion infrastructure plan and favor raising corporate taxes to pay for it. But the plan is much less popular than the relief bill passed earlier this year, and there are......

Biden administration slaps new sanctions on Russia for cyberattacks, election interference

CNBC
CNBC – For more and to sign up click here President Joe Biden (L) and President Vladimir Putin. Getty Images The Biden administration imposed a raft of new sanctions against Moscow on Thursday over alleged interference in the 2020 election, a colossal cyberattack against U.S. government and corporate networks, illegal......

Facebook has more upside than Snap, two traders say. Here’s the key level to watch

CNBC
CNBC – For more and to sign up click here Facebook or Snap? This week analyst’s from Wedbush breathed new life into the rivalry, downgrading Facebook on concerns around Apple’s new privacy measures and upgrading Snap with a nod to its innovative platform and younger customer base. Two market analysts......

BlackRock’s Larry Fink says institutional clients fascinated by crypto but not that interested

CNBC
CNBC – For more and to sign up click here BlackRock CEO Larry Fink told CNBC on Thursday that the world’s largest money manager has more discussions with its institutional clients on issues around climate change and inflation than it does on cryptocurrencies. “Our broad-based client relationships, we’ve had very little interconnectivity......

Retail sales explode in March as consumers use stimulus checks to spend heavily

CNBC
CNBC – For more and to sign up click here A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice from aggressive congressional spending. Retail sales rose 9.8% for the month, the Commerce Department reported Thursday. That compared to the......

Coinbase climbs 7% in premarket trading after landmark Nasdaq debut

CNBC
CNBC – For more and to sign up click here Coinbase employees spray champagne during the company’s initial public offering (IPO) outside the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase shares surged in premarket trading on Thursday, a......

Deliveroo shares fall as it gives cautious guidance in first update since IPO flop

CNBC
CNBC – For more and to sign up click here A Deliveroo rider’s bike near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images LONDON — Shares of British food delivery firm Deliveroo fell on Thursday, as the company warned its growth could lose steam......

China could be one step closer to scrapping its controversial childbirth limits

CNBC
CNBC – For more and to sign up click here People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018.  Jason Lee | Reuters BEIJING — China may be one step nearer to abandoning its controversial policy of restricting......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

Richard Branson sells over $150 million in Virgin Galactic stock

CNBC
CNBC – For more and to sign up click here Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on......

Holders of ‘cult-assets,’ like crypto, are putting pressure on the market, Jim Cramer says

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer said Wednesday that he’s growing worried as the dearth of sellers in bitcoin and other crypto assets has reached a “messianic” moment. “Right now there are so many cult-assets — Coinbase, cryptocurrencies, meme stocks, non-fungible-tokens — that......

Par Technology could be a dominant force after $500 million acquisition, Panera founder says

CNBC
CNBC – For more and to sign up click here Restaurant tech company Par Technology could become a dominant force after its acquisition of guest engagement platform Punchh, Panera Bread founder Ron Shaich told CNBC’s Jim Cramer on Wednesday. “This company has the potential to really dominate in enterprise-class restaurants......

After Coinbase’s blockbuster debut, what investors say it means for cryptocurrency markets

CNBC
CNBC – For more and to sign up click here It was a big day for the crypto space. Cryptocurrency exchange Coinbase opened at $381 a share, up 52% from its reference price. The stock closed its first day of trading at $328. Here’s what investors are saying about the......

Stock futures inch higher after S&P 500 retreats from record

CNBC
CNBC – For more and to sign up click here Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session Wednesday evening after the S&P 500 retreated from record levels during the regular session. Contracts tied to the Dow added 50 points,......

Coinbase co-founder says this isn’t a market top for crypto

CNBC
CNBC – For more and to sign up click here Coinbase co-founder Fred Ehrsam told CNBC on Wednesday the cryptocurrency market has not yet reached its apex, even if trading in various digital coins remains choppy going forward. Ehrsam’s comments on “Closing Bell” came shortly after Coinbase went public through......

American Airlines ramps up domestic schedule to nearly pre-pandemic levels

CNBC
CNBC – For more and to sign up click here An American airlines Airbus A321-200 approaches Washington Ronald Reagan National Airport (DCA) in Arlington, Virginia on February 24, 2021. Daniel Slim | AFP | Getty Images American Airlines is expanding its summer schedule in a bet that the resurgence of......

Gary Gensler confirmed by Senate to lead the SEC, Wall Street’s top regulator

CNBC
CNBC – For more and to sign up click here Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images Gary Gensler will lead the Securities and......

Stocks making the biggest moves in the premarket: Goldman Sachs, Bed Bath & Beyond, JetBlue & more

CNBC
CNBC – For more and to sign up click here Here are some of the companies making headlines in premarket trading: Goldman Sachs (GS) — Goldman shares rose more than 1% in premarket trading after the company’s first-quarter results handily topped Wall Street’s expectations. The bank earned $18.60 per share,......

Gary Gensler has a full agenda as he gets set to take over the SEC

CNBC
CNBC – For more and to sign up click here Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images The Senate is likely to confirm Gary Gensler as the new chairman of the Securities and Exchange Commission either Wednesday or later......

Bed Bath & Beyond quarterly sales tumble 16%, as store closures and divestitures hurt results

CNBC
CNBC – For more and to sign up click here Source: Bed Bath & Beyond Bed Bath & Beyond on Wednesday reported a double-digit decline in fiscal fourth-quarter sales, as ongoing store closures and divestments that are part of a bigger turnaround plan continue to weigh on results. Its shares......

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