Tag Archives: levels

In Silicon Valley, Google has acquired billions of dollars of property that’s at risk for flooding as sea levels continue to rise. That’s raising questions about whether it’s safe to build at all. Source link

Reuters U.S. new home sales hit 14-month low amid supply constraints Sales of new U.S. single-family homes tumbled to a 14-month low in June and sales in the prior month were weaker than initially estimated, the latest signs that expensive lumber and shortages of other building materials were hurting the housing market. The third straight monthly decline in sales reported by the Commerce Department on Monday followed news last week that permits for future homebuilding dropped to a nine-month… Source link

Southwest Airlines (LUV) reported leisure passenger traffic rebounded in June to 2019 levels, helping the airline generate its first monthly profit since the COVID-19 pandemic decimated the industry.   “I think we can sustain that going into the third quarter. I think we are all worried about this Delta variant,” CEO Gary Kelly told Yahoo Finance Live. Kelly called the second quarter an important milestone in the airline’s pandemic recovery. Southwest generated $4 billion in revenue during… Source link

FILE – In this June 6, 2019, file photo Amazon CEO Jeff Bezos speaks at the the Amazon re:MARS convention in Las Vegas. The Amazon founder officially stepped down as CEO on Monday, July 5, 2021, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, the head of Amazon’s cloud-computing business, replaced Bezos, a change the company had announced in February. (AP Photo/John Locher, File) The wealth of the… Source link

Let’s step back and take a look at the big picture, while keeping stocks in focus. Both the S&P 500 and the Nasdaq hit a series of record highs — mainly due to increasing investor confidence that the current inflationary environment will be a transitory event rather than a sustained trend. Clearly, investors are not shy about stocks, even though the Commerce Department’s inflation indicator for May hit 3.4%, it’s fastest rate of increase since the 90s.  Given this alarming… Source link

Stock futures rose Friday morning to add to gains from a record-setting session, with traders hoping that a bipartisan infrastructure deal would help further stoke economic activity. Contracts on the S&P 500 and Nasdaq gained after both indexes set record intraday and closing highs during the regular trading day on Thursday. Dow component Nike (NKE) jumped 12.5% in early trading after posting quarterly sales growth that rebounding across all major regions. Meanwhile, FedEx (FDX) shares sank… Source link

TipRanks 3 “Strong Buy” Stocks Under $10 That Are Poised to Take Off COVID is receding, and markets are rising; those are the two trends that investors have most on their minds right now. It’s entirely sensible that they’ll go together. As the economy reopens, money will begin to circulate faster – and find its way in the equity market. With economic conditions improving, investors are on the lookout for the best returns in an expansionary environment. One natural place for them to… Source link

The New York Times In NYC Jail System, Guards Often Lie About Excessive Force NEW YORK — One New York City Correction officer struck a jailed person in the face for no legitimate reason. Another put a detainee in a banned chokehold several times. A third failed to stop subordinates from using unnecessary force, according to newly released discipline records. But what was equally notable was what happened after the encounters: In each case, the guards lied or provided inaccurate information… Source link

Consumer spending has long been the engine of the US economy, which is what made the social lockdown policies put in place against COVID so devastating. By forcing the public to stay home, the policies effectively shut down the main source of economic activity. Fortunately, we are now on an upswing; COVID is on the wane, most of the restrictions have been, or are being, lifted, and economic activity starting to buzz again. A flood of cash, from stimulus checks, tax credits, and accumulated… Source link

Stocks fell Monday, with the S&P 500 and Dow retreating from record levels.  The Dow dropped about 130 points, or 0.4%, after the index rallied to an all-time high of more than 34,000 last week. The S&P 500 also dipped below the index’s record high, and the Nasdaq edged lower. The 10-year Treasury yield rose to top 1.6%. Bitcoin (BTC-USD) prices added more than 3% Monday morning in New York, recovering some losses after plunging swiftly over the weekend. Bitcoin sank as much as 15% on Sunday,… Source link