Tag Archives: week

Heading into a new trading week, Pfizer Inc. (NYSE: PFE), Alibaba Group Holding Limited (NYSE: BABA), Nvidia Corp. (NASDAQ: NVDA) and Moderna Inc. (NASDAQ: MRNA) are among the stocks seeing the highest interest on Reddit’s r/WallStreetBets forum. What Happened: Pfizer has emerged as the most-discussed stock on the forum with 106 mentions, followed by exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) with 102 mentions, data from Quiver Quantitative showed. Chinese e-commerce giant… Source link

Traders this week are poised to focus closely on Federal Reserve policymakers’ virtual appearance at the bank’s annual Jackson Hole Economic Policy Symposium.  The event, which takes place from Thursday to Saturday this week, is set to serve as a forum for more discussions around Fed policymakers’ plans to announce and implement a shift in the central bank’s monetary policy stance. Namely, investors have been closely watching for months to hear when officials will begin tapering their… Source link

This year’s Monterey Car Week capped off with the stunning 1938 Mercedes-Benz 540K Autobahn Kurier claiming the Concours d’Elegance Best in Show, but that wasn’t the only big headline from the week. Big auctions, big debuts from luxury automakers, and even electrification all took a bow as the wild week, one that was missed in 2020 due to the pandemic, unfolded for well-healed car aficionados. Here are some of the big takeaways from the week. Big auction action Prior to Monterey Car Week,… Source link

It’s been the worst week of Joe Biden’s presidency, so far. Biden’s withdrawal of U.S. troops from Afghanistan led to the stunning collapse of the U.S.-backed Afghan government and the return of the medieval Taliban to power. Biden seems as surprised as everybody else by an outcome his advisers plainly failed to foresee. A foreign policy debacle may now threaten Biden’s domestic agenda, as it has other presidents before him. The Afghanistan chaos sent Biden’s approval rating down to… Source link

The U.S. consumer will be in focus this week, with the Commerce Department’s monthly retail sales report and earnings results from two of the country’s largest big box retailers all on deck. Tuesday’s report from the Commerce Department is expected to show that retail sales dropped in July compared to June, with consumer spending pulling back as concerns over the Delta variant increased and the impacts of government-issued stimulus checks earlier this year waned.  Consensus economists expect… Source link

WASHINGTON, DC – AUGUST 12: President Joe Biden delivers remarks on the administrations Build Back Better agenda to lower prescription drug prices in the East Room of the White House complex on Thursday, Aug. 12, 2021 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) If you think Congress has been trying and failing to pass critical infrastructure upgrades for decades on end, you’re not wrong. But suspend your cynicism for a moment. Now that the Senate has passed a… Source link

New weekly jobless claims likely took another step lower last week, with the labor market’s recovery still making headway despite the lingering threat of the Delta variant.  The Labor Department is set to release its weekly jobless claims report on Thursday at 8:30 a.m. ET. Here are the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended August 7: 375,000 expected and 385,000 during prior week  Continuing claims,… Source link

Investors have a packed slate of economic data to look forward to this week, with new reports on consumer and producer price inflation set for release. More corporate earnings results will also trickle in.  One of the closely watched economic data points this week will be the U.S. Bureau of Labor Statistics’ consumer price index. This print will reflect the extent of consumer price increases over the past month, with outsized demand during the recovery still exerting upward pressure on… Source link

Robinhood (HOO) shares closed 7.9% higher on Friday, closing out a wild trading week, Shares of the trading platform gained 57% over the last five sessions after massive gains on Tuesday and Wednesday.  Yesterday shares tanked 27% after news that some stockholders would be cashing out up to 97.8 million shares. Those sales are on hold until receiving clearance from the Securities and Exchange Commission. That will likely happen after the company reports second-quarter results on Aug…. Source link

New weekly jobless claims dipped last week to come in near consensus estimates, trending down but still coming in well above pre-pandemic levels as the labor market’s recovery trudges forward. The Labor Department released its weekly jobless claims report on Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended July 31: 385,000 vs. 383,000 expected and a revised 399,000 during prior… Source link