Stocks making the biggest moves midday: Twitter, Snap, American Express and more
S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared 23.9% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares...
Companies from Chipotle to Whirlpool are raising prices on consumers because of higher costs
A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Consumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs...
California announces rollout of chip-enabled debit cards to deter theft of unemployment benefits
California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with...
Weekly Economic & Financial Commentary: ECB’s Easing Measures Going Nowhere Fast
United States: COVID Rise Jitters Financial Markets, while Housing Perks Up July’s NAHB Housing Market Index slipped one point to 80. Housing starts beat expectations and rose 6.3% during June, although building permits fell 5.1%. Existing home sales climbed 1.4%....
The Weekly Bottom Line: Covid Lessons from the UK
U.S. Highlights It was a wild week for investors. Following a sharp sell off to start the week, risk sentiment rebounded, sending the S&P 500 back to a record high level. The spreading Delta variant is cause for concern for...
Forward Guidance: Canada’s Inflation Rate Remained above the BoC Target in June
We expect next week’s June consumer price inflation report to show the inflation rate held above the Bank of Canada’s 1% to 3% target range—for the third consecutive month. There was likely a slight moderation in the annual increase in...
13% of Americans traded crypto in the past year, survey finds
Nicolas Economou/NurPhoto via Getty Images More than 1 in 10 Americans invested in cryptocurrency over the past year, according to a survey published by the University of Chicago, a sign of the popularity of digital currencies like bitcoin and ethereum....
Week Ahead – Fed to Talk Taper but Stall on Action; Growth Data in Focus amid Recovery Doubts
The Federal Reserve is expected to provide more hints on tapering when it meets next week but may stop short of revealing a timeline. Amidst jitters about the Delta variant, markets could whipsaw if the Fed cites both progress and...
Yen Lower Again as Risk Turned On, Loonie Shrugs Retail Sales
Yen drops broadly today as markets turn back into risk-on mode. It has indeed become the worst performing one for the week. Dollar is also staying to look a bit vulnerable against European majors and commodity currencies. Canadian Dollar is...
Euro Yawns After ECB Meeting
It has been a very quiet day for the euro. In North American trade, EUR/USD is trading at 1.1772, up 0.01% on the day. ECB changes forward guidance On Thursday, the ECB met for the first time since releasing its...
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