Check out the companies making headlines in midday trading.
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Robinhood shares jump nearly 8% as it closes out wild week
Robinhood shares rose Friday as the newly public stock trading app closes out a wild week of trading.
Berkshire Hathaway’s operating earnings jump 21% as recovering economy boosts railroad, energy units
The conglomerate reported operating earnings of $6.686 billion, up 21% from $5.513 billion a year ago,
Australian Dollar May Wobble on Global Covid Cases, Fedspeak, Iron Ore Price Drop
The Australian Dollar may be vulnerable as a combination of rising Covid cases around the world, Fedspeak about tapering asset purchases and falling iron ore prices weigh on AUD/USD.
British Pound Forecast: BoE Talks End Game, EUR/GBP Drops to Yearly Lows
BoE announces threshold to unwind balance sheet. EUR/GBP risking a break of YTD lows.
China trade data for July: Exports +19.3% y/y (expected +20.8%) & Imports +28.1% y/y (expected +33.0%)
In USD terms China’s Trade balance for July was
$56.58 bln
Exports +19.3% y/y for a small miss on the median consensus estimateImports +28.1% y/y, also a miss
$56.58 bln
Exports +19.3% y/y for a small miss on the median consensus estimateImports +28.1% y/y, also a miss
China July trade balance due Saturday 7 August 2021 (approx 0300 GMT)
The Chinese trade data for July 2021 will be released on Saturday (China time).
I was expecting it on Friday (yesterday), nope.
In USD terms:Goldman Sachs say exports from, and imports into, China in July will be down on June due to adverse weather („A typhoon around Yangtze River Delta“) and port disruptions.
I was expecting it on Friday (yesterday), nope.
In USD terms:Goldman Sachs say exports from, and imports into, China in July will be down on June due to adverse weather („A typhoon around Yangtze River Delta“) and port disruptions.
Forexlive Americas FX news wrap: US jobs data adds over 1M jobs in July
Forex news for North American trading on August 6, 2021
The awaited jobs report was released today at 8:30 AM ET, and it did not disappoint. The net change in nonfarm payroll jobs was 943K. That was above the 870K estimate. Moreover, the June report was revised higher by 88K to 938K, and the May report was also revised higher
The awaited jobs report was released today at 8:30 AM ET, and it did not disappoint. The net change in nonfarm payroll jobs was 943K. That was above the 870K estimate. Moreover, the June report was revised higher by 88K to 938K, and the May report was also revised higher
Pres. Biden has extended the pause on student loan payments through January
The pause will be the last according to the White House
Covid – 19 vaccine booster might just be one time shot, not a yearly one
According to FDA researcher Dr. Peter Marks