There’s a high bar for an August jobs report surprise: Morning Brief

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, September 3, 2021 The August jobs report matters like every other jobs report.  In just a few hours, the Labor Department will release the August jobs report, and expectations are that hiring slowed down last month.  Consensus estimates call for non-farm payroll growth of 725,000 during the month, with the unemployment rate expected to… Source link

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This is why Facebook’s (NASDAQ:FB) high Returns can Convert into double-digit Revenue Growth

This article was originally published on Simply Wall St News Facebook (NASDAQ:FB) has had a great run on the share market, with its stock up by a significant 14% over the last three months. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Facebook’s return measures, particularly on its ROE. If some parts feel a bit more… Source link

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Broadcom CEO Says He’s Sacrificing Sales to Avoid a Future Crash

(Bloomberg) — When Broadcom Inc. reported slower sales growth than some of its peers on Thursday, Chief Executive Officer Hock Tan gave a surprising reason: It was on purpose. Even with demand for its chips surging, the company is tightly controlling which orders it fills, he said on a conference call Thursday following Broadcom’s third-quarter report. The idea is to sacrifice some current sales to avoid creating a glut in the future. “We can show bigger numbers, but that means we will… Source link

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Stock futures drift ahead of August jobs report

Stock futures were in a holding pattern Thursday evening before the release of the Labor Department’s August jobs report, which will offer the latest look at the state of the U.S. labor market recovery. Contracts on the S&P 500 hugged the flat line after the index set a record intraday and closing high during Thursday’s regular trading day. The Nasdaq had also set a record high, while the Dow ended a three-session losing streak to close in the green. Investors are anxiously awaiting the Source link

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Republicans try to censor big business, LOL

U.S. House Minority Leader Kevin McCarthy (R-CA) announces the withdrawal of his nominees to serve on the special committee probing the Jan. 6 attack on the Capitol, during a news conference on Capitol Hill in Washington, U.S., July 21, 2021. REUTERS/Elizabeth Frantz Republicans will cut your taxes and keep them low. But there’s a price: You have to side with the Party of Trump in political battles, even if it might mean breaking the law. This latest twist in the GOP’s self-preservation… Source link

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Russia censor threatens Google, Apple over opposition app

Despite assurances of likely electoral victory, the Russian censorship office has sent takedown requests to Facebook, Instagram, Twitter, YouTube and TikTok over allegedly extremist and illegal content. Chinese-owned TikTok removed large amounts of anti-government content, winning praise from Russian government officials, Bloomberg News reported in April. The company and its parent, ByteDance, did not respond to requests for comment. Source link

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Burger King expands perks program as restaurants bank on digital in COVID-19 era

Burger King (QSR) is rolling out its app-based loyalty program nationwide, expanding its digital presence as the industry leans in on COVID-19 dining trends that have successfully lured in customers. On Thursday, the fast food giant announced that its “Royal Perks” will launch in two-thirds of restaurants by September. Initially, Burger King tested the program in a 3 market pilot in Los Angeles, Miami and the New York Metro area that began in February. In a function of how digital is playing a… Source link

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Fed Chairman Powell’s odds at renomination come down to politics

The White House is pondering whether or not to take the keys to the U.S. economy away from Federal Reserve Chairman Jerome Powell, with the decision likely boiling down to politics. Powell’s term as Fed chairman expires in February of next year, meaning President Joe Biden would have to decide on Powell’s fate relatively soon in order to give the Senate enough time to proceed with the confirmation process. But calls within the Democratic party are emerging to boot Powell. Politico reported… Source link

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