In June, inflation has started advancing at its fastest pace in nearly 13 years as used vehicle costs andprice in food and energy surge, according to the Labor Department.The consumer price index jumped 5.4% from a year earlier, marking the largest jump since August 2008,Economists surveyed by Dow Jones had been forecasting a 5% gain,…
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On Thursday, U.S. stock futures were quite neutral as investors are getting ready for the second half ofthe year, as reported by CNBC.Dow futures advanced by 67 points. S&P 500 futures jumped 0.1%. Meanwhile, Nasdaq 100 futuresdropped by 0.1%.“Better news on Covid, vaccinations, re-openings, economic growth, and earnings fueled the advance.Nearly equal gains were achieved…
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Nike (NKE) — Nike reported quarterly earnings of 93 cents per share that went beyond forecasts. Theshoes company saw a surge of 73% in direct sales. Nike shares advanced 12.5% in the premarket.CarMax (KMX) — Following the auto retailer reported better-than-expected sales and profit for its latestquarter, shares of CarMax jumped 5.9%.Virgin Galactic (SPCE) —…
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On Tuesday, the blue-chip Dow Jones Industrial Average was stable after it posted its best day sinceMarch, as reported by CNBC.The 30-stock Dow advanced 20 points. The S&P 500 previously traded by going up 0.2%, just 0.8% lowerthan its all-time high. The Nasdaq Composite surged 0.1%.Meanwhile, Alphabet shares traded low to a certain extent following…
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During Sunday evening, the shares of virtual currency Bitcoin’s price advanced following the Tesla CEOElon Musk stated that the electric vehicle manufacturer could consider bitcoin transactions again in thefuture.Toward the end of Sunday, Bitcoin soared 10.2% to $38,903.23, as per data from Coindesk. Since thestart of 2021, bitcoin has jumped more than 30%, despite its…
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According to the Institute of International Finance, U.S. banks will probably report “record level”earnings this year as the American economy is stabilizing and financial markets seem to be goingupward.On Friday, the chief executive of the IIF, Tim Adams stated that the economy, that is recovering, willfasten the bank lending and fee income while more investing…
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On Monday, the CEO of the automobile giant Tesla, Elon Musk, stated that his company “has not soldany Bitcoin,” via a tweet.“To clarify speculation, Tesla has not sold any Bitcoin,” Musk said on Twitter..According to data from Coin Metrics, the price of bitcoin became stable only to a certain — trading at$44,680 as of 2:35…
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During the overnight session Sunday evening, futures contracts surged to a certain extent implying thatthe major U.S. equity indexes could be able to trade at or near records once regular trading is active inNew York, as reported by CNBC.Dow futures added 98 points, while those linked to the S&P 500 advanced 0.25%. Nasdaq 100 futuresjumped…
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During early morning trading on Monday, U.S. stock futures advanced as investors were getting ready tothe first trading day of the new month.Dow futures added 171 points. S&P 500 futures soared 0.4% and Nasdaq 100 futures jumped 0.1%.As reported by CNBC, Berkshire Hathaway shares went up 1% in early trading following Warren Buffett’sconglomerate reported a…
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The Asian giant wants the financial institutions to move toward green finance as soon as possible inorder to achieve China’s carbon neutrality goals, according to the central bank governor Yi Gang whostated so at the Boao Forum on Tuesday.The Chinese President Xi Jinping is planning to bring the country’s climate-warming greenhouse gasemissions to a peak…
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