Tag Archives: higher

The threat of higher taxes in 2022 and their impact on the bottom lines of companies — and potentially the stock market — has returned to center stage after a summertime slumber.  But by and large, investors don’t appear to either care or don’t realize the risks to companies associated with higher taxes.  “The market appears to be only partially pricing an increased tax rate in 2022,” said Goldman Sachs chief U.S. equities strategist David Kostin in a research note on Monday. “Prediction… Source link

Stock futures were listless in Thursday’s after-hours trade, after market jitters culminated in a four-day losing streak, underscoring how investors are growing more cautious about the COVID-19 pandemic’s impact on the economy.  During Thursday’s regular session, Wall Street logged a 4th consecutive day of losses. Traders have been struggling to reconcile a seemingly hot jobs market with soaring coronavirus infections that have blunted the recovery’s momentum. With COVID-19 deaths and… Source link

Wealthy people are bracing for potentially higher taxes that could hit their bank accounts as soon as this year, while lower- and middle-income Americans could end up enjoying tax breaks from Uncle Sam that were originally only temporary. Last week, the House passed a $3.5 trillion budget plan that may ultimately include numerous Democratic proposals for taxing high-income earners and corporations and expanding tax credits for middle- and low-income earners. Democrats are still writing the… Source link

Yandex (NASDAQ: YNDX) shares are trading higher after the company announced it will acquire 100% of Uber’s interest in the Foodtech, Delivery and Self-driving businesses. “Since we started our partnership with Uber in 2018, we’ve been able to create and rapidly develop a number of successful businesses — all of them are highly synergetic to our e-commerce initiative and to the entire Yandex ecosystem. The consolidation of these businesses puts us in a great position to further… Source link

Yandex (NASDAQ: YNDX) shares are trading higher after the company announced it will acquire 100% of Uber’s interest in the Foodtech, Delivery and Self-driving businesses. “Since we started our partnership with Uber in 2018, we’ve been able to create and rapidly develop a number of successful businesses — all of them are highly synergetic to our e-commerce initiative and to the entire Yandex ecosystem. The consolidation of these businesses puts us in a great position to further increase… Source link

Stock futures rose Monday evening, with the major indexes on track to close out August trading with another monthly gain.  Contracts on the S&P 500 ticked up. Both the blue-chip index and the Nasdaq set fresh record intraday and closing highs during the regular trading day, powered higher by a jump in heavily weighted Big Tech stocks.  The S&P 500 is on track to post a seventh straight monthly advance in August, pacing toward a 3% monthly gain and bringing its year-to-date increase to nearly… 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 Wednesday, August 25, 2021 S&P 500 targets are rising left and right The calendar today reads August 25, but it’s starting to feel like the year is over.  Starbucks (SBUX) unleashed its Pumpkin Spice Latte on the masses Monday; the chain’s holiday-themed cups are now right around the corner. And Wall Street strategists have been issuing revised… Source link

Bitcoin crested above $50,000 on Monday, benefiting from simultaneous supply chain shortages and a crackdown from Chinese regulators – putting bitcoin mining on par with profits near the coin’s April all-time-high.  Now, building infrastructure for the energy-intensive business poses the greatest challenge for companies and individuals hoping to reap big money. That means finding cheap and reliable energy sources, striking deals and building out mining facilities. “Throughout the summer,… Source link

Stock futures opened higher Monday evening, building on advances following a record-setting day.  Contracts on the S&P 500 edged up. The blue-chip index set a record intraday high earlier on Monday, but ended just short of a record close. The Nasdaq outperformed and rallied 1.6% to new highs, led by gains in Big Tech stocks including Amazon (AMZN). “Reopening” stocks including the airlines and cruise lines also added to gains after rising during the regular trading day, with optimism over a… Source link

Stock futures opened slightly higher Thursday evening as investors considered the latest batch of earnings and economic data and continued to contemplate the path forward for monetary policy.  Contracts on the S&P 500 edged up. Earlier, the index narrowly eked out its first positive trading session in three days. Technology stocks led the way higher, and the Nasdaq outperformed.  Traders this week have watched a number of market concerns unfold, with infections related to the Delta variant… Source link