Good MorningFriday’s jobs report can’t get here soon enough for investors. A substantially weaker-than-expected ADP employment report sent equities broadly lower on Wednesday. The tech-heavy NASDAQ index managed a slight gain. However, the Dow and the S&P 500 both finished solidly in the red.
Investors were already concerned about how the Delta variant would impact the reopening. The early read on private-sector payrolls shows that the worker shortage may be worse than expected.
General Motors added to the sour mood by reporting continued disruption from the global chip shortage that shows no immediate sign of easing.
Investors looking for a bright side can look at Robinhood that soared over 50% for the day. After a lackluster debut in late July, the company known for its namesake trading app has become the new meme stock. Retail investors, along with fund manager Cathie Wood, made HOOD stock a bright spot on an otherwise gloomy day.
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Markets | | | The MarketBeat trending stocks report aims to identify trending companies based on the actions and interests of MarketBeat readers and subscribers. Rankings are calculated based on the number of new MarketBeat users that have added a given stock to their watch list in the last 30 days and the number of such queries for a company on MarketBeat in the last 30 days. Read the Full Story |
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Stocks | | | Shares of HOOD stock are climbing steeply, primarily driven by retail investors. This is the same group that made Robinhood the popular trading app that it is. But now the tables have turned and that may be a shame for investors who were looking to buy the stock on its future potential. Read the Full Story |
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Markets | | | Paycom stock was up nearly 9.5% the morning after posting a strong earnings report. However, the report that may be more important to Paycom investors is the jobs report on August 6. Early numbers indicates that the number may be weak and that's
a potential headwind for the short-term fortunes of PAYC stock. Read the Full Story |
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His experiment could strike a bad chord with mobile phone companies. But you’ve got to see what this man discovered and what it means for phone users in the weeks ahead. | | | | Click here to see this video |
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Politics | | | Toy maker Eric Poses created a card game last year he called The Worst-Case Scenario, a wry reference to the way the coronavirus had upended normal life.
He had no idea.
In a twist that Poses never could have predicted, his game itself would become caught up in the lat... Read the Full Story |
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Politics | | | World stocks edged higher Thursday as traders awaited more guidance on the U.S. economic recovery.
France’s CAC 40 rose 0.5% to 6,782.92 in early trading while Germany's DAX added 0.2% to 15,722.35. Britain’s FTSE 100 advanced 0.1% to 7,129.77.
Wall Street was set for a... Read the Full Story |
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Markets | | | Online job recruiter ZipRecruiter (NYSE: ZIP) stock is benefiting from the labor shortage amidst rising employment and wage inflation. The tight labor market is a boon to business as the return to normal means companies are on hiring binges. However, the rising wage pressures and the limited talent ... Read the Full Story |
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Tech | | | The Biden administration wants automakers to raise gas mileage and cut tailpipe pollution between now and model year 2026, and it has won a voluntary commitment Thursday from the industry that electric vehicles comprise up to half of U.S. sales by the end of the decade.
The moves are ... Read the Full Story |
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Tech | | | Germany's Siemens AG raised its outlook for the year Thursday, joining other major European industrial companies in signaling that the economic recovery from the coronavirus pandemic is gathering pace despite parts shortages and concerns over the spread of the delta variant.
Reboundi... Read the Full Story |
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Tech | | | Nintendo’s April-June profit declined 13% from the same period the previous year, when the hit game “Animal Crossing: New Horizons” dramatically boosted sales.
Nintendo Co.’s profit for the fiscal first quarter totaled 92.7 billion yen ($843 million), down from 106 billion yen, the Ja... Read the Full Story |
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Markets | | |
In September 2000, the Employee Benefit Research Institute (EBRI) with the Retirement Security Research Center (RSRC) surveyed 2,000 individuals, aged 62 to 75. Of these individuals, 97% reported being retired (80% reported that their spouses were retired).
According to the study, household... Read the Full Story |
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The Early Bird Stock Of The Day Santander Consumer USA Holdings, Inc. engages in the provision of consumer financing services. It offers retail installment contracts, vehicle leases, dealer loans, financial products, and services related to motorcycles, motor car, and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, TX. | | View Today's Stock Pick |
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