Good MorningStocks delivered mixed results on Wednesday. The Dow had a second down day. However, the NASDAQ and S&P 500 exchanges both turned positive after Tuesday’s decline.
Investors were waiting to hear what Fed chair Jerome Powell had to say, and they weren’t disappointed. Powell reaffirmed his view that the economy was “a ways off” from a point where the Fed would consider tightening its monetary policy.
There was also good news on the stalled infrastructure bill. A select group of Republicans is now indicating that there may be a path forward.
And after the market closed, Facebook delivered a strong earnings report. However, the stock of the social media giant plunged after it lowered its guidance on expectations of a significant slowdown in its pace of revenue growth for the rest of the year.
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Politics | | | Asian stocks rose Thursday after the Federal Reserve kept its accommodative monetary policies and signaled that the U.S. economic recovery was on track.
Chinese technology giants led the way as authorities moved to soothe jitters over stricter anti-monopoly and data security enforcem... Read the Full Story |
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Markets | | | Global stock markets were higher Thursday on expectations of positive economic data from the U.S.
Analysts expect the advance data to show the world's largest economy growing at an 8.5% annual pace in the second quarter.
That follows the Federal Reserve's decision to k... Read the Full Story |
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There are stocks that lend well to day trading. And then there are those you just hang on to for a while.In the case of younger investors such as Millennials, there are plenty of people who do both. For some, a taxable brokerage account serves as the ‘sandbox’ for short-term trading wh... Read the Full Story |
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Stocks | | | With ad spending recovering in a big way following the pandemic, there are plenty of great companies for investors to consider at this time. Let’s take a look at 3 stocks to buy in the golden age of digital advertising.
Read the Full Story |
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Markets | | | Germany's auto industry showed more strong results Thursday as Volkswagen's earnings and profit margins beat pre-pandemic levels and the company raised its profit outlook for the year despite an ongoing shortage of key electronic parts that is plaguing the industry as a whole.
Volkswa... Read the Full Story |
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From Our Partners | | The Tesla Shock Nobody Sees Coming
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Markets | | | Trucking company Old Dominion Freight Line (NASDAQ: ODFL) gapped down Wednesday following its second-quarter earnings report. However, mid-session, the stock reversed much of the early loss and was near the high of its daily trading range. The company reported earnings of $2.21 per share, up 85% from the year-ago quarter. Revenue was $1.319 billion, a gain of 47%. Read the Full Story |
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Markets | | | Three schoolteachers in Washington state who sued chemical company Monsanto over exposure to materials in fluorescent lights have been awarded $185 million.
The law firm that represented the teachers, Friedman Rubin, said a jury returned the verdict Tuesday in King County Superior Cou... Read the Full Story |
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Markets | | | Boeing reported its first quarterly profit since 2019 and its revenue topped expectations as the giant aircraft maker tries to dig out from the most difficult stretch in its history.
Boeing earned $567 million in the second quarter, compared with a $2.4 billion loss a year ago.
... Read the Full Story |
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Markets | | | Canadian cannabis producer Tilray (NASDAQ: TLRY), which has been in a steep consolidation since mid-February, rose after posting fourth quarter income of $0.18 per share on revenue of $142.2 million. The company beat on the top line, but revenue missed views, largely due to Covid restrictions in Germany and Canada. Read the Full Story |
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Markets | | |
In your head, you've always known you'll make it to the millionaire club. However, getting to $1 million and beyond has proven more difficult than you thought (despite reading every book related to "The Millionaire Next Door" that ever existed).
Wealthy people often say, "My first $1 millio... Read the Full Story |
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The Early Bird Stock Of The Day Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio. | | View Today's Stock Pick |
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