Good MorningEquity markets ended the last week on a high note despite weaker than expected jobs data. The non-farm payrolls report showed less than half the expected number of new jobs were created despite record-setting levels of job openings. With the number of job openings only expected to rise as we enter the holiday shopping season it looks like the major retailers are going to be scrambling for employees.
This will be a light week for trading with the Labor Day holiday cutting the week short. Other than that, there is little for the market to get excited about except the Fed’s Beige Book and the PPI data on Friday. Both the PPI data and Beige Book are expected to show the continued impacts of inflation and help drive the Fed closer to tapering and the eventual onset of tightening.
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Politics | | | Global stock markets and Wall Street futures rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices.
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong rose.
... Read the Full Story |
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Politics | | | Asian stock markets rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices.
Shanghai, Tokyo and Hong Kong, which are the bulk of the region’s market capitalization, advanced. Seo... Read the Full Story |
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Markets | | | iGaming platform Golden Nugget Online Gaming (NASDAQ: GNOG) stock recently exploded higher on a definitive acquisition agreement from Draft Kings (NASDAQ: DKNG) in an all stock deal. The transaction is expected to close in Q1 2022. The transaction is a fixed ratio of 0.365 shares of Draft Kings stoc... Read the Full Story |
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Markets | | | Subprime auto financing specialist Credit Acceptance Corp. (NASDAQ: CACC) raced 15.74% last week after reaching a $27.2 million settlement with Massachusetts. It's one of a few subprime lenders showing strong fundamental and technical performance recently. Read the Full Story |
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Markets | | | Buy now and pay later purchase financing provider Affirm (NASDAQ: AFRM) stock has been on a frenetic rally as its Amazon (NASDAQ: AMZN) partnership could be a gamechanger. The flexible payments provider is a leader in the buy-it-now and pay in installments category. The Amazon partnership will enabl... Read the Full Story |
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Politics | | | The resurgence of COVID-19 this summer and the national debate over vaccine requirements have created a fraught situation for the nation’s first responders, who are dying in larger numbers but pushing back against mandates Read the Full Story |
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Politics | | | French energy giant Total signed mega contracts with Iraq worth $27 billion to develop oil fields, natural gas and a crucial water project that officials said Monday will be key for the oil-rich country to maintain crude output.
The deals were inked Sunday with Prime Minister Mustafa... Read the Full Story |
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Politics | | | Lawmakers from both parties say haunting images of surging rivers, flooded roads and tornado damage caused by the remnants of Hurricane Ida show the need to upgrade the nation’s aging infrastructure network Read the Full Story |
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Markets | | | After forming a base for nearly six months, medical device and pharmaceutical maker Abbott Laboratories (NYSE: ABT) broke out last week, continuing an uptrend that began following the company’s second-quarter earnings report in July.
It marked the third consecutive quarter of accelerati... Read the Full Story |
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Markets | | |
Have you decided you're mentally ready to retire?
How about financially? You might already know someone who decides they want to retire, tells all their friends, family and neighbors, then looks into the "financial stuff."
A financial advisor friend I know once said people do it all the ti... Read the Full Story |
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The Early Bird Stock Of The Day Ascendis Pharma A/S, a biopharmaceutical company, focuses on developing therapies for unmet medical needs. It offers SKYTROFA for treating patients with growth hormone deficiency (GHD). The company is also developing a pipeline of three independent endocrinology rare disease product candidates in clinical development, as well as focuses on advancing oncology therapeutic candidates. The company was incorporated in 2006 and is headquartered in Hellerup, Denmark. | | View Today's Stock Pick |
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