Tag Archives: week

The July jobs report and another packed schedule of second-quarter corporate earnings results await investors this week, offering a host of potentially market-moving events.  The U.S. Labor Department’s July payrolls report will be one of the most closely watched economic prints this week. Consensus economists are looking for non-farm payrolls to have increased by 900,000 in July, according to Bloomberg data, marking the biggest monthly job gain since August 2020. In June, payrolls rose by… Source link

Amazon is having a rough ride this week. Alongside second-quarter results that fell short of expectations and triggered a plunge in shares, the company disclosed that Europe just levied a gobsmacking 746 million euro fine, or roughly $887 million, in its earnings filings with the Securities and Exchange Commission. More from WWD The record-breaking penalty, first unearthed by Bloomberg on Friday, was imposed by the Luxembourg National Commission for Data Protection, the top privacy regulator… Source link

(Bloomberg) — Chinese stocks fell on Friday, rounding off a volatile week for investors struggling to price in Beijing’s tightening regulatory grip after a rout pushed the nation’s key equity index to the brink of a bear market. The CSI 300 index fell 0.8% on the day and 5.5% for the week, the worst since February. In Hong Kong the Hang Seng Index, which earlier this week saw its biggest two-day loss since 2008, dropped 1.4%. Alibaba Group Holding Ltd. slipped 4.2% while Meituan lost… Source link

Motley Fool Why Carnival Stock Just Popped Shares of cruise ship operator Carnival Corporation (NYSE: CCL) (NYSE: CUK) stock are bouncing back Monday, up 3.3% as of 12:35 p.m. EDT. The move comes in response to news late Friday that the U.S. Court of Appeals for the 11th Circuit has reversed its previous ruling that the U.S. Centers for Disease Control and Prevention could enforce its Conditional Sail Order, setting restrictions on whether cruise lines could sail carrying unvaccinated… Source link

By David French and Jessica DiNapoli NEW YORK (Reuters) – No calls, no emails and no meetings. That’s the order this week from Aquiline Capital Partners to its staff. The private equity firm is putting all employees on vacation, people familiar with the matter said. It’s an unusual move intended to recognize employees and avoid burnout from the physical and mental pressure of the COVID-19 pandemic and the frenetic pace of dealmaking. Aquiline has more than $6 billion in assets and over 60… Source link

The coming week will be the most important of this quarter’s earnings season — even if later weeks beat it on quantity, it will be nearly impossible to top this slate in terms of dollars and attention. That is because all of Big Tech will report, and those five companies — Google parent Alphabet Inc. GOOGL GOOG, e-commerce and cloud-computing powerhouse Amazon.com Inc. AMZN, iPhone maker Apple Inc. AAPL, … Source link

Traders are gearing up for a busy week of corporate earnings results from the mega-cap technology stocks this week. This will come alongside a slew of economic data reports and a monetary policy decision from the Federal Reserve.  The biggest names in the S&P 500 — including Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Facebook (FB) and Alphabet (GOOGL) — are set to report second-quarter results this week. The reports will add to what has already been an exceptional earnings season: So… Source link

In a big week for pandemic relief, Americans just got $20 billion in new aid Though politicians, researchers, advocates and everyday Americans have been calling for additional direct payments for most Americans, the government already is providing additional support for people struggling to make ends meet and deal with debt as the effects of the pandemic linger. More than $20 billion in COVID relief was paid out in the last week alone. Some of that may be on its way to you. $15 billion from the… Source link

This week, second-quarter earnings season will ramp up, offering investors a fuller picture of the extent of the rebound in corporate profits as social distancing standards eased. Data on the housing market will also be in focus. So far, companies have been topping already-elevated expectations for second-quarter results. About 8% of S&P 500 companies have reported results so far, mostly comprising banks. And of those reporting, 85% have topped estimates, according to FactSet data. One of the… Source link

UNITED STATES – JUNE 10: Sens. Ted Cruz, R-Texas, left, and Bill Hagerty, R-Tenn., are seen in the senate subway during a vote in the Capitol on Thursday, June 10, 2021. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images) In a functioning democracy, taxpayers fork over some money to the government and get useful things like roads and bridges in return. Republicans in Congress don’t see it that way. The so-called “bipartisan infrastructure framework,” or BIF, that 20-something… Source link