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Stock futures opened lower Tuesday evening to extend declines after a steep drop earlier in the day, after a weaker-than-expected print on U.S. retail sales called into question the strength of the ongoing economic recovery. Contracts on the S&P 500 dipped. The index dropped 0.7% during the regular trading day on Tuesday to end a five-session winning streak and post its biggest decline in a month. Cyclical and reopening stocks including cruise lines and airlines sold off, and the small-cap… Source link

U.S. President Donald Trump (L) congratulates Speaker of the House Paul Ryan (R-WI) (C) and Sen. Tim Scott (R-SC) during an event to celebrate Congress passing the Tax Cuts and Jobs Act with Republican members of the House and Senate on the South Lawn of the White House December 20, 2017 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) Democrats swallowed the tax cuts for businesses and high earners that President Trump and his fellow Republicans passed unilaterally in 2017. They… Source link

Allbirds is challenging its competitors in the apparel space to do much better on the sustainable clothing front.  “Certainly in the five years we have been around we have seen an acceleration from the rest of the industry toward the environment and sustainability, which is a fantastic thing. But, we have to move faster,’ said Allbirds co-founder and co-CEO Tim Brown on Yahoo Finance Live. “This is the problem of our generation and the fashion industry has been playing lip service to this… Source link

This article was originally published on Simply Wall St News Plug Power’s Inc. (NASDAQ:PLUG), shares saw an 11% drop to US$25.10 in the week since the company reported its quarterly result. On the whole, it seems that the stock has stabilized back to fundamentals after a high enthusiasm run from the beginning of 2021. We will take a better look at the fundamentals and see what analysts are expecting for the company. For their second quarter, Plug Power shipped 3,666 GenDrives compared to… Source link

Images of unrest and desperation at the international airport in Kabul spread across the world on Monday as the Taliban took the city and thousands of Afghans sought to flee.  The chaos brought widespread criticism of the U.S. withdrawal, but President Joe Biden said on Monday afternoon that he stood “squarely behind my decision” to begin formally pulling out troops in May. Still, the U.S. exit poses a “real chance” of destroying the Biden presidency, Eurasia Group founder and political… Source link

(Bloomberg) — The U.S. government is poised to being offering booster shots as soon as next month, with the country facing a renewed wave of infections fueled by the highly transmissible delta variant. New Zealand, which has run a successful Covid elimination strategy, will enter a lockdown after reporting its first community transmission since February. Switzerland recorded its biggest jump in infections in months, and the government has redoubled efforts to get more people vaccinated…. Source link

US President Joe Biden speaks about the Taliban’s takeover of Afghanistan from the East Room of the White House August 16, 2021, in Washington, DC. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) President Biden undoubtedly craves a do-over. While there’s ample justification for withdrawing U.S. troops from Afghanistan after 20 years, nobody would deliberately trigger the disastrous collapse of the U.S.-backed Afghan government that occurred in 10 days. The hasty withdrawal was obviously… Source link

Despite COVID-19 Delta variant fears beginning to weigh on consumer confidence and spending plans, the world’s largest retailer Walmart (WMT) says consumer behavior remains stable.  “We are not seeing a major shift in consumer behaviors at this point,” Walmart CFO Brett Biggs told Yahoo Finance when asked about current consumer trends. Biggs said the drivers of consumer spending in recent quarters — a high savings rate and rebounding jobs market — remain intact and are helping to fuel… Source link

The federal government’s investigation into Tesla’s (TSLA) Autopilot system following a series of crashes in recent years is a major setback for the car company, one analyst says. “This is definitely a bit of a black eye,” Wedbush Securities analyst Dan Ives said on Yahoo Finance Live (video above). “From an investor perspective, especially given it’s the gold standard from a technology perspective, this formal investigation definitely takes a bit of the bloom off the rose when it comes to”… Source link

Stocks fell on Tuesday, with the major indexes pulling back from record levels amid a mixed batch of earnings results from major retailers. A closely watched monthly report on retail sales also missed estimates, pointing to a bigger-than-expected deceleration in consumer spending. The S&P 500 declined after closing at an all-time high by the end of Monday’s session. That marked the index’s fifth consecutive record close. The Dow and Nasdaq also traded lower. Shares of Dow component Walmart ( Source link