S001b stock watch

U.S. stocks continued to claw their way back last week, especially growth stocks . For the week, the Nasdaq posted a gain of 2.2% and the S&P 500 rose 0.4%. The Dow? Not so much, sliding just 0.1%. A blowout jobs report for July offered up another dose of good news for the economy and not-so-good news for the stock market, but equity investors hung in there. U.S. employers added 528,000 jobs to their payrolls last month , which was more than twice what was expected, and that added credence to the Federal Reserve 's stance that the U.S. economy is not in a recession given the continued strength of the labor market. So, the thinking goes, the Fed will continue to be aggressive in raising interest rates to cool down inflation, because it's not impacting companies' willingness to hire. That led to a steep selloff in U.S. Treasurys, with the yield on the 10-year Treasury note ending the week at 2.83%. Oil prices continue to tumble, hitting their lowest level since early … [Read more...] about Live from InvestFest with Downtown Josh Brown, BitBoy Crypto, and Lamar Wilson

Key Takeaways Analysts estimate adjusted EPS of 95 cents vs. 80 cents in Q3 FY 2021. Disney+ subscribers are expected to rise YOY, but at the slowest pace in at least seven quarters. Revenue is expected to grow at a solid rate, but to slow compared with the past several quarters. The Walt Disney Co. ( DIS ) business has recovered strongly in recent quarters as the company has emerged from the extreme impact of the COVID-19 pandemic on its theme parks and live experiences. And while most of the company's parks have reopened, business growth is also being fueled by Disney's popular streaming platforms. Both Disney+ and Disney-owned Hulu have experienced sharp increases in subscriptions in recent quarters. But the prospect of ads being sold on the service and other business concerns for the streaming industry more broadly continue to loom. Investors will be watching to see how Disney navigates this environment when it reports earnings on Aug. 10, 2022, for Q3 FY … [Read more...] about Disney Q3 FY 2022 Earnings Report Preview: What to Look For

- A + A BENGALURU (Aug 10): Most Asian currencies were subdued on Wednesday, while most stock markets in the region fell, tracking losses on Wall Street, as investors awaited US inflation data later in the global day. The South Korean won, which fell 0.3%, and the Philippines peso, down 0.2%, led the laggards for the day, while the Singapore dollar and the Malaysian ringgit were nearly flat. Investors are watching for any signs that red-hot US inflation eased in July despite last week's unexpectedly strong US jobs numbers, but even the slight pullback being forecast is unlikely to alter expectations of more sharp interest rate rises ahead. The dollar index, which measures the strength of the greenback against six major currencies, edged slightly lower to 106.29 in Asian trade. "Markets now are likely re-adjusting to the prospects that the end of the Fed hike cycle could be further out in terms of timing and terminal rates could be higher," analysts from DBS said … [Read more...] about South Korean won, Philippines peso lead losses among subdued Asian currencies

This story is part of Fast Company’s Most Creative People in Business 2022 . Explore the full list of innovators who broke through this year—and had an impact on the world around us. advertisement advertisement Picture the coolest, most ridiculously awesome room you can imagine. Maybe it’s got a golf simulator and a billiards table, or radiant-heat floors, or polychromatic India Mahdavi furniture, or meticulously cultivated hygge. Whatever it is, whatever you’re envisioning, it would be even better if it had a secret door leading to another room. And of course, a secret door has to reveal itself in some sick way, like how you run through a wall to get to track 9 3⁄4, or wade through a coat closet to get to Narnia, or turn a bronze eagle on a bookshelf, or push the correct button on a soda machine. It can’t just be a switch labeled secret door, though that’d be kind of funny. That kind of meta humor would be very on-brand for Mark Rober, except … [Read more...] about How Mark Rober became the Willy Wonka of engineering

Last August, sorority rush at the University of Alabama exploded on TikTok with Greek letters, glitter, and teenage girls explaining their #OOTD, or outfit of the day. The videos generated millions of views as people watched new college students share carefully curated ensembles for each round of the recruitment process--name-dropping well-known brands like Shein, Target, Kendra Scott, Kate Spade, and Steve Madden. But one unfamiliar name kept getting mentioned: the Pants Store. Founded as a wholesale warehouse for pants in 1950 in Leeds, Alabama, the Pants Store is a third-generation family business run by Michael Gee, whose grandfather started the company out of the trunk of his car. Not being a TikTok user, Gee had no idea his business had gone viral on the platform last year. It was his then-14-year-old daughter who told him. In just one week, online sales soared by more than 600 percent year-over-year. Orders from out of state--particularly from other college … [Read more...] about How this Family-Owned Retailer Capitalized on RushTok

- A + A (Aug 10): Asian shares fell and the US dollar steadied on Wednesday as investors waited for a key US report on inflation to provide hints to the Federal Reserve's plans for future monetary tightening. The Consumer Price Index (CPI) report will be released later on Wednesday, with markets watching for signs that inflation eased in July despite last week's unexpectedly strong US jobs numbers. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.51%, while Japan's Nikkei extended losses from the previous day and was down 0.65%. South Korea's KOSPI lost 0.64%, Australia's AXJO dropped 0.12%, and Taiwan's TAIEX fell 0.70%. "I don’t think that we are through the bear market woods yet — recession risks loom and I don’t think the Fed is done with its aggressive belt tightening," said David Chao, a global market strategist for Asia Pacific ex-Japan at Invesco. "I don’t think markets have fully discounted these variables. This week’s inflation data … [Read more...] about Asian shares track Wall Street losses ahead of US inflation data

Gautam Adani - A + A MUMBAI (Aug 9): Gautam Adani is a different sort of Indian tycoon. The 60-year-old university dropout and son of a trader is a first-generation entrepreneur who has become the world’s fourth-richest man by building and buying critical energy and infrastructure assets at lightning speed. There is none of the obvious financial profligacy that broke many of his rivals in recent years, but other concerns cast a shadow over the billionaire who is starting to get too big to fail. At some US$220 billion, the combined market value of the Adani group’s seven publicly traded companies, all of which carry the industrialist’s name, has increased tenfold in three years. Gautam Adani leads as chairman and is flanked by his wife, brother, two sons and some nephews in various roles. The family’s power rests with large equity stakes of up to 75%, including in the flagship Adani Enterprises which houses data centres, roads and airports and incubates new … [Read more...] about Breakingviews: Gautam Adani takes new tycoon risk to next level