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U.S. stock futures hugged the flat line Monday evening after a record-setting session, with the prospect of strong earnings results helping fuel a rise to all-time highs for the major equity indexes. Each of the S&P 500, Dow and Nasdaq ended the session at record closing levels. The financial sector outperformed with big banks poised to be the first major companies out the gate to report second-quarter results, with JPMorgan Chase (JPM) and Goldman Sachs (GS) reports on deck Tuesday morning…. Source link

In this article, we discuss the 10 Reddit’s WallStreetBets meme stocks hedge funds are piling into based on the data of over 800 hedge funds tracked by Insider Monkey. If you want to skip our detailed analysis of these stocks, go directly to the 5 Reddit’s WallStreetBets Meme Stocks Hedge Funds are Piling Into. Users on the Reddit forum WallStreetBets, a group with over 10.5 million members, have been one of the most influential forces in the market over the past six months. The forum is home… Source link

Associated Press Japan’s gov’t sees Taiwan tensions as regional security risk Japan believes rising tension surrounding Taiwan requires its attention “with a sense of crisis” as China intensifies military activities in the area and the United States steps up support for the self-governing island. Japan’s concerns about Taiwan, Beijing’s growing rivalry with the United States and China’s increasingly assertive military actions in the region were added in an annual Defense Ministry… Source link

This month Wells Fargo (WFC) announced it was shutting down personal lines of credit, a lending product consumers could use to consolidate debt, pay for surprise expenses, or even use as a checking overdraft safety net.  The decision was made after an early 2020 review of its businesses, where the bank found that personal lines of credit weren’t as popular as loans, and only 40% of account holders had balances, a bank spokesperson told Yahoo Finance. (The main difference between a personal… Source link

Being a successful investor this coming earnings season may be as easy as paying attention to companies with the best potential to expand profit margins amidst the current bout of inflation across spectrums such as raw materials and labor, Goldman Sachs reasons.  The smartest investors in the game appear to already be placing that bet. “Investors have started to reward companies with attractive margin profiles. Our valuation model shows that profit margins are the second most important driver… Source link

U.S. stocks traded mixed on Monday as investors awaited signs of a further rebound in corporate profits with the start of second-quarter earnings season this week. The Dow dropped to pull back from Friday’s record closing high. The S&P 500 also hovered just below an all-time high. The Nasdaq gained to reach a new record intraday high, however, as technology stocks outperformed. The 10-year Treasury yield steadied around 1.35%, recovering after dipping to a five-month low of below 1.3% last… Source link

Despite the amount of talent the 2021 Clemson football team will possess, Yahoo Sports doesn’t like the Tigers’ chances of advancing past the CFB Playoff semifinal round for a second-straight season. Yahoo Sports posted bowl projections for the 2021 season and had Clemson making it to the CFB Playoff, but nothing more. The publication had Clemson in the Orange Bowl taking on the Oklahoma Sooners. On the other side of the bracket, it was Alabama and Ohio State in the Cotton Bowl. The end… Source link

(Reuters) -Virgin Galactic Holdings Inc on Monday filed to sell up to $500 million in common stock, a day after the company completed its first fully crewed test flight into space with billionaire founder Richard Branson on board.    Shares in Virgin Galactic reversed premarket gains of 8% to trade down nearly 12%, wiping off more than $1 billion from the company’s market capitalization following the share sale announcement.    The sale would account for up to 4% of Virgin Galactic’s… Source link

Breadcrumb Trail Links Local News While all whoops of joy are welcome around town, a look at Stampede history shows “yahoo” has been the favoured choice for many a year. Author of the article: Monica Zurowski  •  Calgary Herald Publishing date: Jul 12, 2021  •  11 minutes ago  •  5 minute read  •  Join the conversation Harry the Horse, the official mascot for the Calgary Stampede, has an easy answer when it comes to whether yahoo or yeehaw is the best… Source link

TORONTO, July 12, 2021 /CNW/ – TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) (OTC: TAALF) (“TAAL” or the “Company”), a vertically integrated blockchain infrastructure and service provider for enterprise, announced today that TAAL will contribute its resources in support of the Bitcoin Association’s mandate to build a regulation-friendly ecosystem that fosters lawful conduct while encouraging digital currency and blockchain innovation. TAAL Distributed Information… Source link