Lumber Futures Carve Record High As Home Building Causes Shortage
U.S. lumber futures rallied further to hit new record highs above $1,500 on Wednesday as home building and renovations caused a shortage, Bloomberg reported. July lumber futures on the Chicago...
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Investors Worry About Possible Rate Hike As Yellen, Buffet, El-Erian Speak On Inflation
Wall Street posted declines after comments of Treasury Secretary Janet Yellen, Warren Buffet, and Mohamed El-Erian regarding inflation, describes Markets Insider. Yellen on Tuesday said interest rates will have to...
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French Biotech Valneva Could Be The First To Offer Inactivated COVID-19 Vaccines In Europe
French biotech firm Valneva SE is developing a vaccine that could be more variant-proof against mutations of the coronavirus disease 2019, Bloomberg reported. Valneva is so far the only manufacturer...
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Global Equities Widely Seen To Recover From Recent Lull – Barclays, UBS
Global equities are likely to continue their rally and break out of the recent lull as downside risks are only transitory, analysts told CNBC. UBS Global Wealth Management Chief Investment...
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Facebook Profits Surge in First Quarter Earnings. Capex Lowered to up to $21 Billion
Social media giant Facebook Inc. reported a 94% increase in its net income for the first quarter, the company announced in its earnings report. Net income rose to $9.497 billion...
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Apple More Than Doubles Net Income as Revenues Carve Record
Apple Inc. saw its bottom line soar by 110% in the first three months of the year after posting record revenues during the quarter, the company announced in a statement....
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Europe’s Busiest Airport Allowed to Hike Airline Fees as Part of COVID-19 Recovery
London's Heathrow Airport has been allowed to hike fees to claw back £300 mln or $416 mln to recover from the COVID-19 pandemic, Bloomberg reported. Heathrow filed to recover £2.6...
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How The Latest Census Will Shift Political Power In The United States
The number of seats of 13 states in the House of Representatives will be reshuffled in the 2022 elections after the latest reapportionment, the WSJ reported. The U.S. population rose...
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U.S. Equities Climb As Markets Await Corporate Earnings
U.S. stocks opened the trading week on a positive note as market players took into consideration the global economic outlook and the upcoming release of corporate earnings. The S&P 500...
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Bitcoin Gains 10% As Investors See Opportunity In Recent Slide
The price of the world's biggest cryptocurrency climbed by as much as 10% on Monday as market players chose to take positions during last week's dip. Bitcoin was trading over...
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U.S. Futures Climb As Biden Looks At Higher Capital-Gains Taxes
U.S. stock futures climbed on Friday after two consecutive days of losses as President Joe Biden unveiled considerations to jack up capital gains taxes, according to Markets Insider. Gains were...
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You Can Only Buy Tesla’s Solar Products With The Powerwall Battery Starting Next Week
Tesla Inc's solar products will only be sold as an integrated product with its Powerwall Battery starting next week, Chief Executive Officer Elon Musk announced on social media. Starting next...
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