Can BlackBerry’s (BB) resurgence continue? And if so, is its recent momentum justifiable? Renewed interest in the so-called “meme stock” mania have sent BlackBerry shares surging some 377% from their March 2020 lows
Daily Markets: Jobless Claims and Infrastructure to Drive Day’s Trading
Today, investors will digest the latest weekly jobless claims report, which is expected to show a fall to 380,000 from 412,000 the prior week, as well as the May Durable Goods Order data. Investors will also be watching Washington for progress on infrastructure spending
JPMorgan Chase ‘strongly’ urges all U.S. employees to get vaccinated ahead of office return
JPMorgan is taking a more gradual approach to vaccine enforcement than smaller rival Morgan Stanley.
Andreessen Horowitz launches $2.2 billion crypto fund and is ‚radically optimistic‘ despite price fluctuations
Andreessen Horowitz is launching a multibillion-dollar fund to invest in a volatile ecosystem it’s betting will be as influential as the internet.
Stocks making the biggest moves in the premarket: Eli Lilly, Accenture, Rite Aid & more
The stocks making the biggest moves in premarket trading include Eli Lilly, Accenture, Rite Aid, and more.
Visa to buy Swedish fintech Tink for $2.1 billion after abandoning Plaid takeover
Visa has agreed to acquire Swedish financial technology start-up Tink for 1.8 billion euros ($2.1 billion).
Mining bitcoin could be about to get a whole lot easier after China’s crypto crackdown
Though it may not be good news for bitcoin miners in China, others could stand to benefit.
OIive Garden parent’s same-store sales near pre-pandemic levels as Covid restrictions ease
Darden Restaurants on Thursday reported that its fiscal fourth quarter same-store sales nearly returned to 2019 levels.
UK yields have moved higher from start of the year. More to come today?
Yields buoyant & Sonia futures are too
The general recovery in the UK on vaccine optimism has kept UK gilts yields moving higher.From Jan 04 to June 08 UK yields have moved higher by 60 bps outperforming the euro, Swiss franc, and the JPY.
The general recovery in the UK on vaccine optimism has kept UK gilts yields moving higher.From Jan 04 to June 08 UK yields have moved higher by 60 bps outperforming the euro, Swiss franc, and the JPY.
Thursday’s Fed speakers and their biases – Williams is one to watch
Lots and lots
Hard to think of slower markets today.
Still looking for an explanation after the Fed’s latest hawkish dot plot shift then here are the Fed speakers up later today and there are a lot of them. The biases noted. Hopefully they will inject some life into things.
Hard to think of slower markets today.
Still looking for an explanation after the Fed’s latest hawkish dot plot shift then here are the Fed speakers up later today and there are a lot of them. The biases noted. Hopefully they will inject some life into things.