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The futures were higher across the board as we get ready to wrap up a wild and crazy trading week that started with a huge Monday sell-off and looks now to finish strong. A number of the Wall Street pundits pointed once again to the “buy the dip” crowd of retail investors that jumped in after Monday’s massive selling. In […]
Read moreDow futures rose Friday, pointing to a strong end of the week at Wall Street's open and what could be four straight positive sessions after Monday's major plunge. The Dow, the S&P 500 and the Nadsaq were all pacing for weekly gains. All three are also less than 1% away from their latest record closes on July 12. (CNBC) * […]
Read moreBiggest risk to economic boom Wealth Consulting Group CEO Jimmy Lee weighs in on the state of the markets amid tax hikes. The markets are looking to extend a three-day winning streak as earnings season rolls through, but the biggest threat to securing an economic boom is politicians inevitably hiking taxes and anti-business policy, Wealth Consulting Group CEO Jimmy Lee […]
Read moreA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Netflix lost 433,000 subscribers in the United States and Canada during the second quarter, according to financial results issued after the bell on Tuesday. That’s not great news for a company that has churned out […]
Read moreIs it smart for athletes to accept endorsements in Bitcoin? Sports agent and DLE Agency founder Doug Eldridge provides insight into Giants’ Saquon Barkley accepting all endorsement money in Bitcoin. Bitcoin was trading more than 3% higher early Wednesday morning. The price was around $30,840 per coin, while rivals Ethereum and Dogecoin were trading around $1,869 and 17 cents per […]
Read moreEuropean stocks are expected to open higher on Wednesday, tracking positive momentum in the U.S. on Tuesday. London's FTSE is seen opening 13 points higher at 6,889, Germany's DAX 4 points higher at 15,222, France's CAC 40 up 7 points at 6,354 and Italy's FTSE MIB up 35 points at 24,091, according to IG. European stocks are expected to open higher […]
Read moreGold futures settled higher on Tuesday, moving up for the first time in three sessions, as demand for the safe-haven asset increased amid concerns about growth due to surging coronavirus cases. A drop in long-term bond yields – benchmark 10-year Treasury yields hovered near five-month lows – too supported gold’s rise. However, a slightly stronger dollar capped the yellow metal’s […]
Read moreNew York (CNN Business)Three opioid distributors have settled a lawsuit with New York state to the tune of over $1 billion, according to the office of NY Attorney General Letitia James. In a settlement negotiation that ran late into the night Monday, according to a source familiar with the discussions, McKesson Corporation, Cardinal Health Inc. and Amerisource Bergen Drug Corporation […]
Read moreThe futures were up across the board Tuesday, after a dreadful Monday that saw all the major indexes get hit hard right out of the gate. Worries over the reopening of the economy losing steam due to new COVID-19 Delta variant infections was the main impetus behind the selling. Plus, as we noted last week, after the long market run […]
Read moreCheck out the companies making headlines before the bell: Travelers – The insurance company earned $3.45 per share for its second quarter, easily beating the consensus estimate of $2.39. Revenue also topped forecasts, with Travelers benefiting from higher premiums, improved investment returns and lower catastrophe losses. Nasdaq – Nasdaq shares rose 1% in the premarket after the exchange operator announced plans […]
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