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By Ambar Warrick and Devik Jain (Reuters) – U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3% and 0.7% last week on concerns over high inflation and weakening consumer sentiment. Investors had begun pivoting into economically resilient sectors, mainly technology, towards the end of the… 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, November 15, 2021 Full disclosure: I have never bought a turkey for Thanksgiving before.  Hang with me here because it’s not as weird as it sounds.  For the past 15 years I haven’t really had any Thanksgivings (don’t pity me, I bring this stuff on myself). Most of the time I was out in stores on Thanksgiving day either channel-checking… Source link

(Bloomberg) — Elon Musk, the world’s wealthiest person, directed a series of insults at Bernie Sanders on Twitter after the U.S. senator repeated his call for billionaires to pay more in taxes. Most Read from Bloomberg Musk even raised the notion of selling more of his Tesla Inc. shares, which would require him to pay capital gains taxes. The 80-year-old Sanders, who unsuccessfully sought the Democratic Party presidential nomination in 2016 and 2020, on Saturday tweeted that “we must… Source link

(Bloomberg) — Soros Fund Management increased its bets on real estate and financial stocks during the last quarter, while the value of its U.S. equity portfolio dipped to less than $5 billion. Most Read from Bloomberg George Soros’s investment firm disclosed new positions in Hill-Rom Holdings Inc., MGM Growth Properties LLC, JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to a regulatory filing Friday. The New York-based firm increased stakes in IHS Markit Ltd. and homebuilder… Source link

Reuters IBM, Amazon partner to extend reach of data tools for oil companies International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data. Amazon in 2018 worked with Royal Dutch Shell to create a technology to turn data from more than a century of oil production, largely from paper records, into a standardized format for multinational oil… Source link

Warren Buffett saw inflation coming early on — 8 tips to help you come out ahead Rising prices and uncertainty about how long they’ll last are putting Americans in a bad mood. Inflation was significantly worse than expected in October, with consumer prices soaring 6.2% from a year ago. That inflation rate was the steepest in more than 30 years, with energy, housing, food and cars leading the way. When prices began accelerating earlier this year, some experts, including the “Oracle of… Source link

Investors this week will be focused on data on the consumer, with both retail sales and earnings results from two retail giants set for release.  The total value of retail sales in the U.S. is expected to have climbed by 1.1% month-on-month in October, according to the Commerce Department’s latest monthly print on Tuesday. This would accelerate from a 0.7% monthly advance in September, which had been an unexpected increase at the time given that many economists were anticipating that a rise… Source link

Shannon Bray, a U.S. Navy veteran and North Carolinian, is hoping the second time — and one particularly frothy memecoin — will be the charm for his political aspirations.  Previously, Bray ran for Senate in 2020 with no luck. This time around, the 49 year-old dyed-in-the-wool Libertarian honed his agenda to focus on cryptocurrencies — with the Shiba Inu digital coin taking center stage, and China’s crypto mining crackdown the impetus for his ambitions. He’s part of a vanguard of… Source link

Bitcoin, BTC to USD, rose by 0.41% on Saturday. Partially reversing a 1.00% loss from Friday, Bitcoin ended the day at $64,398.0. A mixed start to the day saw Bitcoin fall to a late morning intraday low $63,405.0 before making a move. Steering clear of the first major support level at $62,452, Bitcoin rose to a late afternoon intraday high $64,989.0. Falling short of the first major resistance level at $65,618, Bitcoin fell back to sub-$64,000 levels before finding late support. A late move back… Source link

An obscure COVID stimulus benefit will pay you up to $9,000 for a funeral The nation’s massive pandemic rescue plan includes one kind of funding that gets less attention: a funeral assistance program, offering families of those who have died of COVID up to $9,000 to cover burial costs. Part of the Biden administration’s $1.9 trillion COVID relief plan signed in March, the funeral expenses program extends much-needed help to families who may have gone into debt or lost wages in the… Source link