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Market News

Location American Market News for 6 August 2021

Amyris Inc Ranked Among Today's Top Shorts

Forbes - 6 Aug 2021 15:52
Amyris Inc Ranked Among Today's Top Shorts To close out August's opening week, the Dow Jones rose 101 points, or 0.3%, the S&P 500 was flat, and the Nasdaq fell 0.4%. Find opportunities in today's market with the best short plays from Q.ai's deep learning algorit...
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The 6 Concepts You Should Know to Be Financially Literate

Wall Street Journal - 6 Aug 2021 14:00
There's a lot of jargon that gets thrown around. But financial advisers suggest starting with these six simple ideas.
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Andrew Scherr pleaded guilty last year in U.S. District Court in Dallas to two criminal counts stemming from the insurers' collapse.
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JP Morgan Chase & Co. said it has won greater access to China's markets with permission for a wholly owned securities business there, positioning it to offer investment and corporate banking, securities services, asset m...
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Biden Pauses Student Loans Through January 31, 2022 And Borrowers Will Get $110 Billion Of Student Loan Cancellation President Joe Biden has extended the student loan pause through January 31, 2022.
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Dow, S&P 500 Close At New Highs As Blowout Earnings Stave Off Delta Variant Fears Investors are once again more concerned about Covid than inflation, but corporations are "sanguine" about the recovery.
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Will Rising Medical Risks Derail Positive Economic Trends? In July, the U.S. economy stayed strong despite bad medical news. Commonwealth CIO Brad McMillan weighs expectations for August.
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Bitcoin Prices Just Reached Their Highest Since May--What's Next? Bitcoin has gained recently, rising to its highest price since May 19. What key levels of resistance will the cryptocurrency face next?
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Luxury Sales Turned In A Unusually Strong First Half To The Year. Can The Good Times Last? The LVMH conglomerate just posted record revenue in the first half of the year, generating a very noteworthy 28.7 billion euros ($34.0 billion).
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SEC Brings, Settles First Case in Crypto-Linked DeFi Sector

Wall Street Journal - 6 Aug 2021 18:12
The regulator settled its first case against a firm in the so-called decentralized-finance or DeFi sector--the latest sign of intensifying regulatory scrutiny for cryptocurrency markets.
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SEC Charges Crypto Execs For Allegedly Fraudulent $30 Million Offerings In First Case Against This Booming $100 Billion Space "Make no mistake: If a lending platform is offering securities, it falls into SEC jurisdiction," the agency's new chair warned Tuesday.
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U.S. Government Bond Yields Rise After Jobs Report

Wall Street Journal - 6 Aug 2021 17:14
Treasury yields rose Friday after Labor Department data showed the unemployment rate declined to its lowest level since the pandemic took hold.
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Jobs Report Risks Different Kind of Taper Tantrum

Wall Street Journal - 6 Aug 2021 17:13
Sen. Joe Manchin criticized the Fed's easy-money policies before the strong jobs report came out Friday.
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On the household side of the data, the unemployment rate dropped from 5.9 to 5.4%, while the employment/population ratio rose by .4% to 58.4%.
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What Is The Likelihood Of A Rise In Adobe's Stock? Adobe's stock rose by 4.8% to $626 in the last twenty-one trading days. In comparison, the broader S&P500 rose by 1.7% over the last twenty-one trading days. The shift toward Digitization and cloud offerings due to the p...
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Things get better, however, around the time the divorce settlement is made final, a study finds.
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The fund manager's enthusiasm for Tesla, bitcoin and other volatile investments has boosted ARK's exchange-traded funds, but this year has been a challenge. Ms. Wood said she maintains her faith in 'disruptive investing....
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In July 943,000 Jobs Were Added, Unemployment Dipped To 5.4% Yesterday, the market closed higher across the board, the only day so far this week the market was not choppy, as it continued to digest strong earnings while awaiting the July jobs report Friday morning from the U.S. La...
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Cabot Corp Ranked Among Today's Top Buys

Forbes - 6 Aug 2021 15:51
Cabot Corp Ranked Among Today's Top Buys Stocks were mixed to close out the week after the much-anticipated jobs report came in better than expected. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.
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Norwegian Cruise Line reported mixed second-quarter results as future bookings remained strong ahead of its first cruise in the U.S. since last year.
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After A 325% Rise, Here's Why Moderna Stock Has Further To Run Analysts think Moderna stock is too high after quadrupling in 2021. If it keeps beating revenue expectations, its shares have further to go.
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Is State Street Stock Fairly Priced?

Forbes - 6 Aug 2021 14:30
Is State Street Stock Fairly Priced? State Street stock has doubled since the March lows of last year, and at its current price of $87 per share, it is 8% below its fair value of $95 - Trefis' estimate for State Street's valuation. Further, the U.S. bank st...
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