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July 17, 2021

Markets

Earnings could be the biggest driver for markets in the week ahead as investors watch bonds

CNBC
CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange Source: NYSE Stocks enter a busy week for earnings news with two perplexing questions hanging over the market. One is whether the big gains in corporate profits will start to......

Treasury Secretary Janet Yellen to discuss stablecoins with regulators next week

CNBC
CNBC – For more and to sign up click here Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images U.S. Treasury Secretary Janet Yellen will meet......

How criminals siphoned off unemployment payments directly from recipients’ accounts

CNBC
CNBC – For more and to sign up click here Vanessa Rivera (left), Azuri Moon (center), Candace Koole (right) all say their unemployment insurance was stolen from their accounts. Source: CNBC As millions of Americans received unemployment payments to get through the crisis, scammers developed a new way to steal......

Here’s how Black Americans can begin building wealth right now

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MoMo Productions | Taxi | Getty Images When it comes to building wealth, many Black Americans are facing an uphill battle. The median annual wage for Black workers is about 30% lower than that of white workers, according to a McKinsey & Company report. The report also found that 3.5......

The mystifying bond market behavior could last all summer

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CNBC – For more and to sign up click here The bond market is defying Wall Street forecasters, as long-term Treasury yields keep heading lower despite a strong economy and rising inflation. A decline in bond yields, which move opposite price, can be a sign of expectations for a weaker......

Stocks making the biggest moves premarket: Moderna, Didi, BioNTech, AMC and others

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CNBC – For more and to sign up click here These are the stocks posting the largest moves before the bell. Source – Click here for more To Return to the Main Aggregate News Page – click here...

The size of the average SPAC is rising. Here’s why that’s important for investors

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CNBC – For more and to sign up click here The SPAC spigot is slowing, but that may not spell doomsday for the space. Special purpose acquisition company issuances amounted to roughly 50% of initial public offerings in June and July, down from 75% in the first quarter. They briefly......

Stock futures slip as Wall Street wraps up first week of second-quarter earnings

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CNBC – For more and to sign up click here Futures contracts tied to the U.S. stock indexes slipped during the overnight session Thursday evening as Wall Street neared the end of the first major week of second-quarter earnings reports. Contracts linked to the S&P 500 lost 0.1%, while Dow......

Jim Cramer says flood of IPOs is weighing on stock prices

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CNBC – For more and to sign up click here Investors can expect to see stocks remain under pressure as long as the market is flooded with new public offerings, CNBC’s Jim Cramer said Thursday. “Many stocks are getting hit here because there’s not enough cash to buy all the......

Battery start-up Enovix begins trading after SPAC merger in latest clean tech deal

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CNBC – For more and to sign up click here Start-up battery company Enovix began trading Thursday, becoming the latest clean tech-focused name to enter the public market through a reverse merger with a special purpose acquisition company.  Shortly after the opening bell on Wall Street shares of the company,......

Stocks making the biggest moves after hours: Square, Alcoa, American Outdoor Brands & more

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CNBC – For more and to sign up click here Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Yana Paskova | Bloomberg | Getty Images Check out the companies......

Yellen sees ‘several more months of rapid inflation,’ worries about impact on homebuyers

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CNBC – For more and to sign up click here Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about......

The best ways to invest when inflation takes off

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CNBC – For more and to sign up click here Scott Olson | Getty Images Inflation surged more in June than it has in more than 10 years, and the news has investors worried. That’s because rising prices can erode a portfolio’s profit. Most simply, as the cost of living......

Mark Wahlberg-backed F45 pops on IPO day. The actor says the workouts have incredible energy

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CNBC – For more and to sign up click here Global fitness company F45 Training, backed by actor Mark Wahlberg, made its stock market debut Thursday. Under the ticker symbol FXLV, it started trading on the New York Stock Exchange and went as high as $17.75 per share on its......

Blue Origin reveals runner-up in $28 million auction will fly with Jeff Bezos to space next week

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CNBC – For more and to sign up click here Jeff Bezos walks out to where the New Shepard capsule landed in the Texas desert after a test flight in April 2021. Blue Origin The young physics student takes the place of the auction winner, who Blue Origin said could......

Former executives of delisted FTE Networks criminally charged with securities fraud conspiracy, sued by SEC

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CNBC – For more and to sign up click here SEC report on FTE Networks Management Team: Michael Palleschi as CEO and Chairman of the Board and David Lethem, CFO. Source: SEC The former top executives of FTE Networks, a telecommunications company that was delisted last year on the New......

Apple climbs to another record. Two market analysts predict more upside

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CNBC – For more and to sign up click here Apple could be in for a rosy second half, two market analysts said. Shares of the consumer technology giant hit another record high on Wednesday, its third this week, following a report that the company asked its suppliers to boost......

Wall Street analysts see these risks causing a ‘growth scare’ for global markets

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CNBC – For more and to sign up click here The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images LONDON — With Covid-19 cases on the rise due to the surging delta variant and a range of macroeconomic shifts occurring, the global......

China’s GDP grew 7.9% in the second quarter; retail sales beat expectations

CNBC
CNBC – For more and to sign up click here A McDonald’s delivery worker walks past pig statues outside an art museum in Beijing on July 10, 2021. Jade Gao | AFP | Getty Images BEIJING — China reported second-quarter GDP growth that came in slightly below expectations, while retail......

Stock futures are flat ahead of more earnings and jobs data

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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 U.S. stock futures were steady in overnight trading on Wednesday as investors readied for more corporate earnings and labor market data. Dow futures fell just 10 points. S&P......

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