Morning Briefing: House approved a $3.5 trillion budget blueprint
By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
-Stocks were higher Tuesday following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech's vaccine.
- Democratic lawmakers approved a $3.5 trillion budget blueprint and set a late-September vote on a roughly $1 trillion infrastructure bill, ending a standoff over President Biden's legislative priorities.
Market Snapshot
Stocks were higher Tuesday following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech's vaccine.
The $Dow Jones Industrial Average(.DJI.US$ futures rose 16 points or less than 0.1%. The $S&P 500 Index(.SPX.US$ futures added 3 points, and The $NASDAQ 100 Index(.NDX.US$ futures gained 17.75 points.
Top News
House passes budget blueprint, sets deadline for infrastructure bill
Democratic lawmakers approved a $3.5 trillion budget blueprint and set a late-September vote on a roughly $1 trillion infrastructure bill, ending a standoff over President Biden's legislative priorities.
U.S. crops wither under scorching heat
Extreme heat is baking most of the U.S., causing many crops planted this spring to wilt and further pushing up already high prices for staples including corn and wheat.
U.S. new home sales rose slightly in July
New home sales increased 1% in July from June to a seasonally adjusted annual rate of 708,000, Commerce Department data showed, broadly in line with economists' forecasts for an annual rate of 700,000.
Yale taps Mendelsohn as Endowment chief
The university named internal veteran Matthew Mendelsohn as the next head of its more than $31 billion endowment, capping a search for the successor to its former chief, the late David Swensen.
U.S. mid-atlantic manufacturing activity slowed sharply in August
Manufacturing activity across the central Atlantic region of the U.S. fell in August to its lowest level since June 2020, data from the Federal Reserve Bank of Richmond showed, severely missing economists' forecasts.
TPG moving forward with initial public offering plan
The firm, one of the last of the original buyout giants to remain a private partnership, has considered launching an IPO at times in the past, only to end up deciding against it.
Warby Parker plans to go public via direct listing
The direct-to-consumer company in June confidentially filed a draft registration statement with the Securities and Exchange Commission for a public offering.
Boeing names new engineering chief for commercial unit
$Boeing(BA.US$ The appointment of Howard McKenzie comes as the plane maker faces increased regulatory scrutiny.
J&J injury claimants struggle against possible talc bankruptcy
People alleging $Johnson & Johnson(JNJ.US$ 's talc-based baby powder causes cancer asked a Missouri court to block the company from taking steps to place its talc liabilities into bankruptcy as it faces scrutiny on several fronts of how it could address thousands of tort claims.
Toll Brothers 3Q profit doubles as revenue climbs
$Toll Brothers(TOL.US$ said third-quarter profit more than doubled, driven by an increase in revenue as low mortgage rates and a dearth of housing continued to support home buying.
FactSet recruits finance veteran as CFO
$FactSet Research Systems(FDS.US$ Linda Huber is set to assume the finance reins as the information provider invests in new technology and product offerings.
Best Buy just keeps getting better
$Best Buy(BBY.US$ A return to bricks-and-mortar shopping is clearly helping the retailer, with revenue through its stores last quarter higher than with the pre-pandemic period even with fewer stores. At the same time, the share of online sales doubled over the same period.
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Key Events This Week
Source: CNBC, Dow Jones Newswires
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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101846167 : Good
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_HLM102_ :
Skewed Logic : Groovy report.
I am still not sold on AMC though.
The "put-offs" just out weigh the main event. Covid, price of gas, travel time, cost of food; I could sit at meh house and watch said film (a few 'days' later) with cheaper everything, in a much more intimate and cleaner and friendlier (no knock on AMC staff) environment.
忙着放牛 : Leave a message to learn
celsa : Wow
Skewed Logic : teach meh obiwan