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October 25, 2021

Markets

Cathie Wood disputes Jack Dorsey’s hyperinflation warning, says prices will fall after holidays

CNBC
CNBC – For more and to sign up click here Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images Innovation investor Cathie Wood on Monday rebutted......

Trump SPAC Digital World Acquisition drops 10% after huge gains on social media merger news

CNBC
CNBC – For more and to sign up click here The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images The SPAC stock linked to Donald Trump’s planned social media platform sharply dropped in price Monday afternoon after booking......

Bezos’ Blue Origin unveils private space station ‘business park’ to be deployed later this decade

CNBC
CNBC – For more and to sign up click here A rendering of the “Ocean Reef” space station in orbit. Blue Origin WASHINGTON – Jeff Bezos’ Blue Origin on Monday unveiled its plan for a private space station called “Orbital Reef,” which it will build in partnership with multiple space......

Rocket builder ABL raises $200 million, increasing valuation to $2.4 billion

CNBC
CNBC – For more and to sign up click here An RS1 rocket booster is shipped out of the company’s headquarters in El Segundo, California. ABL Space Rocket builder ABL Space on Monday announced the close of a $200 million round of funding from existing investors, bumping the private company’s......

Burger King parent earnings beat but labor challenges weigh on sales

CNBC
CNBC – For more and to sign up click here A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Restaurant Brands International on Monday reported quarterly earnings that topped Wall Street’s expectations, but its revenue fell short as labor challenges weighed on sales.......

Stocks making the biggest moves in the premarket: Pinterest, PayPal, Tesla and more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Pinterest (PINS) – Pinterest shares tumbled 13.2% in premarket trading after PayPal (PYPL) said it was not pursuing an acquisition of the social media company at this time.......

Those who do their homework end up investing in bitcoin, Scaramucci says

CNBC
CNBC – For more and to sign up click here Hedge fund investor Anthony Scaramucci argues anyone who studies bitcoin carefully and understands the cryptocurrency will be convinced of its potential. “Do the homework on bitcoin, understand what it is,” the founder and managing partner of SkyBridge Capital told CNBC’s “Capital......

HSBC reports 76% jump in third-quarter profit, plans $2 billion share buyback

CNBC
CNBC – For more and to sign up click here HSBC on Monday reported third-quarter earnings that handily beat expectations and announced plans for a share buyback of up to $2 billion. The bank’s reported pre-tax profit for the third quarter jumped 75.8% from a year ago to $5.4 billion.......

There’s a chance China might finally put taxes on property

CNBC Real Estate
Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China is closer than ever to taxing property owners, analysts say, nearly two decades after authorities began floating the idea.......

Goldman Sachs says investing in China is more challenging now, but the country isn’t ‘uninvestable’

CNBC
CNBC – For more and to sign up click here There are pockets of opportunities in China’s stock markets despite an increasingly challenging investment backdrop, says Goldman Sachs’ Timothy Moe. “There are certainly a host of challenges that China is facing right now — but we would push back quite......

Dow futures fall slightly after the blue-chip average notches third winning week in a row

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) on October 15, 2021 in New York City. Spencer Platt | Getty Images Stock futures edged lower in overnight trading Sunday after the Dow Jones Industrial Average notched......

‘Buckle your seatbelts’ because earnings will start to disappoint, long-term bull Art Hogan warns

CNBC
CNBC – For more and to sign up click here Earnings season may turn an ugly corner. Long-term bull Art Hogan warns a storm of disappointing corporate guidance and missed revenue targets is ahead. “Buckle your seatbelts,” the National Securities’ chief market strategist told CNBC’s “Trading Nation” on Friday. “This......

Gensler all wet with overregulation would sink ‘meme’ markets

NYPost
Charles Gasparino Securities and Exchange Commission honcho Gary Gensler wants to stomp on the “meme stock” trading fever in his run to be President Joe Biden’s Treasury Secretary, Charles Gasparino writes. Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics......

Carl Icahn’s tender offer for Southwest Gas sets the table for a proxy fight

CNBC
CNBC – For more and to sign up click here Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Company: Southwest Gas Holdings (SWX) Business: Southwest Gas Holdings purchases, distributes, and transports natural gas in Arizona, Nevada and California. The company......

Without firm school mask mandate deadlines, ‘we can sleepwalk into indefinite masking,’ says Harvard professor

CNBC
CNBC – For more and to sign up click here Harvard University associate professor Dr. Joseph Allen argued in favor of pulling back on masking children in schools, especially as U.S. drug regulators are set to authorize the Covid-19 vaccine to kids ages 5 to 11. “We have to be......

Wall St Week Ahead Tech giants’ earnings may be another test for markets at new highs

Reuters
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo NEW YORK, Oct 22 (Reuters) – Investors are homing in on a flood of earnings reports from Wall Street’s tech and Internet giants, as the high-growth......

Big Tech earnings in the week ahead could test stocks’ recent rally

CNBC
CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Wednesday, Aug. 11, 2021. Michael Nagle | Bloomberg | Getty Images An earnings avalanche is coming in the week ahead that could put the stock......

Scaramucci says he hopes the Trump SPAC keeps soaring so he doesn’t run for president again

CNBC
CNBC – For more and to sign up click here Hedge-fund founder Anthony Scaramucci, who briefly served in the Trump administration, told CNBC on Friday he wants the SPAC linked to former President Donald Trump to succeed because it may stop him from running in the 2024 election. Scaramucci’s comments on......

Jeffrey Gundlach says inflation will stay above 4% through 2022

CNBC
CNBC – For more and to sign up click here Billionaire bond investor Jeffrey Gundlach said Friday that inflation in consumer prices likely will remain elevated through 2021 and stay above 4% through at least 2022. Citing pressures from shelter costs and rising wages, the head of DoubleLine Capital told......

Beyond Meat stock tumbles to 52-week low after lowering third-quarter revenue outlook

CNBC
CNBC – For more and to sign up click here Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Shares of Beyond Meat hit a 52-week......

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