Good MorningThe markets continued the glass half-full narrative that continues to lift equities. All the major indexes finished the day in positive territory. The best news came from the Dow and S&P 500 which surged to all-time highs.
This was despite a GDP report that showed the U.S. economy grew at an annual rate of 6.5%, below the 8.5% that analysts had forecast. However, for now, investors are putting more weight on robust consumer spending and business investment and less emphasis on the decrease in inventories which points to continued weakness in the global supply chain.
In other news, Amazon missed on revenue and saw its stock drop 5% in after-hours trading. Investors will look to see if there’s an “Amazon effect” when markets open on Friday.
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Markets | | | Robinhood has already changed how people trade stocks and who's doing it. Now its sights are on the rest of the financial industry.
Shares of Robinhood Markets traded for the first time on the Nasdaq Thursday, following the highly anticipated initial offering by the company that's dra... Read the Full Story |
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Markets | | | NVIDIA (NASDAQ: NVDA) has certainly been one of the market leaders in recent years when it comes to chip stocks. It’s the type of company involved in some of the most exciting and innovative industries globally, and with a global semiconductor shortage boosting demand for NVIDIA’s products Read the Full Story |
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Markets | | | Anheuser-Busch InBev (NYSE: BUD) gapped lower Thursday evan as second-quarter sales topped views. Investors were in no mood for celebration as the company said inflationary challenges would put the squeeze on full-year profit. Read the Full Story |
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Hershey’s (NYSE:HSY) delivered another solid quarter of earnings on July 29. That is pushing HSY stock back to its all-time high set earlier in July. At this point, it’s likely that the stock will accomplish the milestone. However, it’s also likely that, in terms of sto... Read the Full Story |
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Politics | | | President Joe Biden has announced sweeping new pandemic requirements aimed at boosting vaccination rates for millions of federal workers and contractors as he lamented the “American tragedy” of rising-yet-preventable deaths among the unvaccinated.
Federal workers will be required to s... Read the Full Story |
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Politics | | | French-Dutch airline group Air France-KLM said Friday that the “first signs of recovery are visible” in bookings amid easing pandemic travel restrictions as it reported a second-quarter net loss of nearly 1.5 billion euros ($1.8 billion).
Air France-KLM's fleet of planes carried just ... Read the Full Story |
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Tech | | | The world's return to almost normalcy is slowing down Amazon's pandemic-induced sales surge.
The online behemoth on Thursday posted better-than-expected second-quarter profits. But it delivered sales results that came in short of expectations and offered a disappointing outlook for th... Read the Full Story |
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Markets | | | Scarlett Johansson is suing the Walt Disney Co. over its streaming release of “Black Widow,” which she said breached her contract and deprived her of potential earnings.
In a lawsuit filed Thursday in Los Angeles Superior Court, the “Black Widow” star and executive producer said her c... Read the Full Story |
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Markets | | | The much-awaited Q2 earnings of Facebook (NASDAQ: FB) hit the wire shortly after the bell rang to end Wednesday’s session. With shares of the social media giant have hit fresh all-time highs in the run-up to the release, Read the Full Story |
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When you've amassed $1 million or more or earn a high income, you might get to a place where you feel… comfortable. You might even think, "I deserve X because I've worked hard." Or, worse: "The same money rules don't apply to me like they do for everyone else."
That can result in some dang... Read the Full Story |
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