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The ongoing inflation spike proves that the economic recovery is either gaining strength or flying off the rails, depending on whom you ask.  BlackRock (BLK) CEO Larry Fink on Wednesday warned that investors are in for a “big shock” as prices rise. That ominous prediction came days after President Joe Biden said “we all benefit” from the uptick in U.S. wages that some consider a key driver of rising inflation.  In a new interview, billionaire Todd Boehly — co-founder and CEO of holding… Source link

The 2021 French Open continues Friday with a major upset on the women’s side. Follow along below for the latest upsets and surprises. Anastasia Pavlyuchenkova stuns Aryna Sabalenka to move to fourth round The top-seeded women’s player at the 2021 French Open fell in the third round. Belarusian Aryna Sabalenka — the world’s No. 3 — was upset by Russian Anastasia Pavlyuchenkova — ranked No. 31— in the third round of the tournament.  Pavlyuchenkova battled back against Sabalenka to take… Source link

Oddsmakers think Denver is facing a tough road against the Phoenix Suns without Jamal Murray.  The two teams are set to meet in the second round of the Western Conference playoffs after Denver closed out Portland in six games on the road Thursday night and Phoenix followed suit hours later with a Game 6 win on the road over the Los Angeles Lakers.  Phoenix — the No. 2 seed — is the favorite to win the series at -225 according to BetMGM. No. 3 seed Denver is +180.  Both teams got massive… Source link

Apple’s (AAPL) annual WWDC, or Worldwide Developers Conference, kicks off on Monday, and while it won’t be the usual in-person extravaganza, the company is still expected to announce a slew of major updates to everything from the software powering your iPhone and iPad to, possibly, a new MacBook or two. Here’s everything Apple could debut at the all-virtual show. Apple’s iOS 15 and iPadOS 15 The biggest news from WWDC always includes changes to Apple’s most important operating system:… Source link

Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. Importantly, Castor Maritime Inc. (NASDAQ:CTRM) does carry debt. But the real question is whether this debt is making the company risky. When Is Debt Dangerous? Generally speaking, debt only becomes a real problem when a company can’t easily pay it off, either by raising… 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 Friday, June 4, 2021 Is the labor market loose or tight? Friday’s jobs report is a big one.  After April’s disappointing hiring data and some hotter-than-expected inflation data, price pressures and labor competition are the dominant economic stories as we enter an expected summer boom.  And the biggest question investors and economists hope to… Source link

The Republican Party finds itself in befuddling circumstances as former President Donald Trump prepares to hold political rallies again, beginning this weekend with an appearance in North Carolina. Trump was one of the only Republican candidates to lose a high-profile competitive race in 2020. GOP candidates won the majority of close races across the country, in the U.S. Senate, in the U.S. House and in state legislatures and gubernatorial races. Yet the party remains stuck with Trump as its… Source link

AMC’s stock close to doubled on Wednesday amid a flurry of interest in the stock from day traders and other amateur investors. Photo: Mandel Ngan/AFP via Getty Images The recent revival of investor interest in so-called “meme stocks” like US cinema chain AMC (AMC) and retro smartphone maker BlackBerry (BB) may already be over, according to analysis of retail trading flows. Vanda Research said on Friday that its proprietary tools tracking retail investor flows in the US and UK suggested… Source link

Bloomberg Rent the Runway Interviews Banks for U.S. IPO This Year (Bloomberg) — Rent the Runway Inc. is interviewing banks in preparation for an initial public offering that could come as early as this year, according to people familiar with the matter.Discussions are at an early stage and the company could still decide not to pursue an offering, the people said, asking not to be identified because the matter is private.Rent the Runway, based in New York, raised funds last year at a valuation… Source link

Los Angeles Lakers team doctors cleared Anthony Davis to return for their critical Game 6 matchup with the Phoenix Suns on Thursday night. That decision, however, seems to have been premature. Davis lasted less than six minutes at the Staples Center on Thursday before he had to leave the game. The Lakers listed him as questionable to return initially, and then said at halftime that he was done for the night. Davis, according to Yahoo Sports’ Chris Haynes, didn’t actually injure his groin any… Source link