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 | | | 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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From Our PartnersUranium prices are soaring as more than HALF of global monthly uranium production has been taken offline as mines shut down amid the coronavirus pandemic. Investors are lining up for gains and it could be the windfall of a lifetime. The last time we saw something like this, the price of yellowcake roared all the way to $140. Well-timed investors could make 10X, 20X and even 30X gains! | | Learn more here... |
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Markets | | | World shares and U.S. futures were mostly lower Friday despite a flurry of reports showing economic recoveries from the pandemic gained pace in the last quarter.
The zone of countries using the euro saw its GDP jump 13.7% from a year earlier in the April-June quarter, according to a ... Read the Full Story |
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Markets | | | Asian shares and U.S. futures were mostly lower Friday after stocks pushed broadly higher on Wall Street.
Japan reported relatively strong economic data for the previous quarter, before the government began tightening coronavirus restrictions as cases surged.
“Retail ... 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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Politics | | | Germany's economy grew by 1.5% in the second quarter compared with the previous three-month period, picking up after a sharp first-quarter fall but less strongly than expected.
The figure released Friday by the Federal Statistical Office fell short of the 2% gain economists had foreca... 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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