Wall Street Today: Branson, Virgin Galactic pull off key test for space tourism
Branson, Virgin Galactic pull off key test for space tourism
Billionaire Richard Branson’s long-awaited test flight to space, taken alongside five of his $Virgin Galactic(SPCE.US$employees, bolsters the company’s plan to debut tourism trips next year.
Billionaire Richard Branson’s long-awaited test flight to space, taken alongside five of his $Virgin Galactic(SPCE.US$employees, bolsters the company’s plan to debut tourism trips next year.
The VSS Unity space plane detached from a carrier aircraft high over New Mexico and rocketed to a speed of Mach 3 on its way to an altitude of about 282,000 feet, or more than 53 miles (86 kilometers) above the Earth. The Unity then glided back through sunny skies and landed at about 9:38 a.m. local time on Sunday -- approximately an hour after taking off.
Oil extends gains with investors betting on accelerating demand
Oil rose in Asia on optimism that fuel demand will continue to climb and tighten the market, despite a resurgence of pandemic in many regions.
Oil extends gains with investors betting on accelerating demand
Oil rose in Asia on optimism that fuel demand will continue to climb and tighten the market, despite a resurgence of pandemic in many regions.
Futures in New York climbed toward $75 a barrel after advancing more than 2% on Friday. Therobust demandrebound in major economies including the U.S. and China has underpinned rising fuel consumption, although the spread of the delta variant of thevirusis a reminder that the global recovery will be bumpy.
Earnings kick off with sky-high forecasts, record stock market
Wall Street is heading into earnings season this week with high expectations after strong profits fueled a stock market rally in the first half of the year.
Earnings kick off with sky-high forecasts, record stock market
Wall Street is heading into earnings season this week with high expectations after strong profits fueled a stock market rally in the first half of the year.
Money managers will be watching whether companies will again trounce Wall Street’s forecasts for earnings. The S&P 500 has gained 16% this year and notched 38 record closes, most recently on Friday.
With stock valuations sitting above long-term norms, investors will also be looking to executives for clues on what the future holds for company profits.
Elon Musk is called to defend Tesla's purchase of solarcity
In 2016,Elon Muskhad two unprofitable businesses on his hands in $Tesla(TSLA.US$and SolarCity Corp. His solution to improve their outlook: combine them into asingle clean-energy business.
Five years later, Mr. Musk is being called to defend the propriety of that roughly $2.1 billion tie-up in a Delaware court. Plaintiffs, which include several pension funds that owned Tesla stock, have characterized the deal as a scheme to benefit himself and bail out a home-solar company on the verge of insolvency.
Ron Insana: The bond market agrees with the Federal Reserve — inflation is temporary
Merriam-Webster’s Dictionary defines “transitory” as “of brief duration,” while Oxford Languages defines it even more simply: “not permanent.”
Elon Musk is called to defend Tesla's purchase of solarcity
In 2016,Elon Muskhad two unprofitable businesses on his hands in $Tesla(TSLA.US$and SolarCity Corp. His solution to improve their outlook: combine them into asingle clean-energy business.
Five years later, Mr. Musk is being called to defend the propriety of that roughly $2.1 billion tie-up in a Delaware court. Plaintiffs, which include several pension funds that owned Tesla stock, have characterized the deal as a scheme to benefit himself and bail out a home-solar company on the verge of insolvency.
Ron Insana: The bond market agrees with the Federal Reserve — inflation is temporary
Merriam-Webster’s Dictionary defines “transitory” as “of brief duration,” while Oxford Languages defines it even more simply: “not permanent.”
It would appear the bond market views inflation as “transitory,” as measured by the recent plunge in 10-year Treasury yields.
Last week,the yield slipped as low as 1.25%— slumping to its lowest levels since February.
Watch out for this pitfall heading into the second-quarter earnings season, says CFRA Research
It’s the countdown to thesecond-quarter earnings season.
Watch out for this pitfall heading into the second-quarter earnings season, says CFRA Research
It’s the countdown to thesecond-quarter earnings season.
The big banks dominate the calendar in coming days, with $JPMorgan(JPM.US$, $Goldman Sachs(GS.US$, $Citigroup(C.US$and $Bank of America(BAC.US$all reporting on their recent quarter.
Sam Stovall, chief investment strategist at CFRA Research, said investors should brace themselves — this one will be a doozy.
But with expectations so high, S&P 500 companies have a lofty bar to clear, and good results may not be good enough, said Stovall.
SoftBank’s second Vision Fund speeds up pace of investment
SoftBank’s second Vision Fund poured about $13bn into more than 50 companies during the second quarter, according to two people briefed on the numbers, marking a sharp increase in the pace of its investments.
During the first three months of the year, the fund invested less than $2bn in fewer than two dozen companies, according to public disclosures. Many of its latest investments had not yet been publicly announced, one of the people said.
Wall St braces for historic surge in corporate America’s earnings
Big US companies are expected to reveal a mammoth rebound in profits during second-quarter earnings season, underscoring the scale of the recovery in corporate America’s fortunes since the depths of the pandemic.
But with expectations so high, S&P 500 companies have a lofty bar to clear, and good results may not be good enough, said Stovall.
SoftBank’s second Vision Fund speeds up pace of investment
SoftBank’s second Vision Fund poured about $13bn into more than 50 companies during the second quarter, according to two people briefed on the numbers, marking a sharp increase in the pace of its investments.
During the first three months of the year, the fund invested less than $2bn in fewer than two dozen companies, according to public disclosures. Many of its latest investments had not yet been publicly announced, one of the people said.
Wall St braces for historic surge in corporate America’s earnings
Big US companies are expected to reveal a mammoth rebound in profits during second-quarter earnings season, underscoring the scale of the recovery in corporate America’s fortunes since the depths of the pandemic.
Groups listed on the blue-chip S&P 500 index are forecast to post year-on-year earnings-per-share growth of almost 63 per cent for the three months to the end of June, following an increase of 52.5 per cent in the first quarter of 2021, according to FactSet data.
If the second-quarter data match Wall Street’s expectations, it would mark the largest increase since the immediate wake of the 2008-09 financial crisis.
If the second-quarter data match Wall Street’s expectations, it would mark the largest increase since the immediate wake of the 2008-09 financial crisis.
$S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Nasdaq Composite Index(.IXIC.US$
Source: Bloomberg, WSJ, CNBC, Financial Times
Source: Bloomberg, WSJ, CNBC, Financial Times
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
In 10 minutes it’s history. At four I’m a dinosaur!
37KFollowers
26Following
38KVisitors
Follow
Handyman : tired man
Moomoo Recap USOP Handyman:
sentosa island : today the share will be up
102945619 : Monday another intersting stock cycle!
geoz88 : Ok
veg dollars : too the
....everyone gonna jump at this first thing soon as market open
WealthRipken : good read