Stock futures pointed to a lower open on Monday, giving back some of Friday’s gains as traders awaited new economic and earnings data this week to confirm or assuage concerns over supply chain challenges, inflation and the pace of the labor market’s recovery.  Contracts on the S&P 500 fell by 0.4% with about two hours to go until the opening bell. Last Friday, the first day of October and the fourth quarter, the blue-chip index logged its best start to the month since 2007 with a jump of… Source link

In this article, we discuss the 10 stocks Billionaire David Tepper is selling. If you want to skip our detailed analysis of Tepper’s history, investment philosophy, and hedge fund performance, go directly to Billionaire David Tepper is Selling These 5 Stocks. Legendary investor, philanthropist and co-founder of the public equity investment fund Appaloosa Management, David A. Tepper specializes in distressed debt investments. After earning his B.A in Economics from the University of Pittsburgh… Source link

Global EV Charging and Energy Management Provider Wallbox and Kensington Capital Acquisition Corp. II Complete Closing of Business Combination BARCELONA, Spain & WESTBURY, N.Y., October 04, 2021–(BUSINESS WIRE)–Wallbox, a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced it has completed its business combination with Kensington Capital Acquisition Corp. II (NYSE: KCAC), a special purpose acquisition company. The business… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, October 4, 2021 The weekend is always a good time to soul-search. Things tend to slow down just enough so you can think for a few minutes (or is this just me?).  So this weekend while I took a rare break to present my classic car at a local show, I popped down in one of those foldable camping chairs and pondered some of the things I have… Source link

(Bloomberg) — As China Evergrande Group edges closer to a massive restructuring, Beijing has stepped up efforts to limit the fallout, signaling it’s willing to prop up healthy developers, homeowners and the real estate market at the expense of global bondholders. In the last week alone, Chinese authorities have dispatched top financial regulators to nudge the country’s massive banks to ease credit for homebuyers and support the property sector. They also bought out part of… Source link

(Bloomberg) — Asian stocks and U.S. equity futures started the week on the back foot, as investors weighed the prospects for growth against concern over inflationary pressures. Most Read from Bloomberg Japanese and Hong Kong shares dropped. Earlier gains vanished after trading of China Evergrande Group shares was suspended in Hong Kong, along with those of its property management unit. Mainland Chinese markets are closed through Thursday for the Golden Week holidays. Australian shares bucked… Source link

By Tom Westbrook and Donny Kwok HONG KONG (Reuters) -Distressed developer China Evergrande will sell a half-stake in its property management unit to Hopson Development for more than $5 billion, Chinese media said on Monday, after both Evergrande and Hopson requested trading halts ahead of a major transaction. Once China’s top-selling developer, Evergrande is facing what could be one of the country’s largest-ever restructurings as a crackdown on debt leaves it unable to refinance $305 billion… Source link

Alvariño discovered 22 new species of zooplankton and published more than 100 scientific papers, according to Google and biographies of the scientist. The Spanish Institute of Oceanography (IEO) appointed her as a marine biologist in 1952, even though only men were accepted at the institute at the time, because of her impressive work at university, Google said. Born in Serntes on the Spanish coast, Alvariño developed a love for natural history early, encouraged by her parents to read her… Source link

By Theresa Waldrop Google honored María de los Ángeles Alvariño González with a Doodle on Sunday, the 105th birthday of the marine research biologist “widely regarded as one of the most important Spanish scientists of all time,” Google said. Alvariño discovered 22 new species of zooplankton and published more than 100 scientific papers, according to Google and biographies of the scientist. The Spanish Institute of Oceanography (IEO) appointed her as a marine… Source link

The spotlight this week for Wall Street will be on labor market data, as investors await the release of the Labor Department’s September jobs report on Friday. Several earnings results from major consumer brands are also on tap.  Traders are looking to see payroll gains accelerate in September after a shockingly disappointing August jobs report, when just 235,000 jobs came back versus the more than 700,000 expected. Consensus economists anticipate that 475,000 payrolls returned in September,… Source link