In this article CMCSA CEO of Comcast Brian Roberts arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Comcast is set to report second-quarter financial results before-the-bell Thursday. Here are the key numbers: Adjusted earnings per share: 67 cents expected in a Refinitiv
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What you need to know on Monday, August 2: The American dollar got to advance on Friday, although ended the week with losses against its major rivals. The currency benefited from softer-than-anticipated US inflation figures, as the core PCE Price Index, the US Federal Reserve favorite inflation figure, printed at 3.5% YoY in June, ticking
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Charity fundraising risks being left behind in the shift to online activity. But taking inspiration from the COVID-19 pandemic trends, and new payment technology, could open doors. Change comes whether you’re ready or not, but being ready means you can seize the opportunity. The past year has accelerated the pace of digital transformation dramatically —
AUDUSD is prone to be the weakest performer among majors in July. The selloff accelerated 2 weeks ago as the resurgence of coronavirus has triggered lockdown in New South Wales, Victoria and South Australia. In the near-term, sentiment over the currency pair could remain weak as state governments would likely extend the lockdown to prevent
China’s National Bureau of Statistics released the data on Saturday, the result for manufacturing is its lowest since February 2020 but still in expansion. Manufacturing PMI 50.3 in July 2021 expected 50.8 previous 50.9 lowest since February 2020 (which was the huge slump to 35.7 due to the pandemic outbreak in China and initial shutdowns) the
Gold spins its wheels again The $1834 resistance level and some moderate US dollar buying today spelled trouble for gold today, even with yields dipping another 3 bps today. Technically, that’s a simple setup but it’s not necessarily bearish so long as last week’s low of $1790 holds. On the fundamental side, Powell’s comments this
A pronounced revival in the commodity cycle rescued several steel companies and boosted their bottom-lines, but the recovery has not been equal. Several secondary steelmakers from Jharkhand, Maharashtra, West Bengal and Chhattisgarh are shutting shop – or on the verge of doing so. About 45% of India’s crude steel comes from secondary makers. Several companies
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images The popular 30-year fixed mortgage rate fell back to the lowest level since February last week, and the 15-year
In this article PINS Ben Silbermann, co-founder, chairman and CEO of Pinterest, speaks in front of the company’s logo at the New York Stock Exchange (NYSE), during the company’s IPO on April 18, 2019 in New York City. Johannes Eisele | AFP | Getty Images Pinterest shares fell more than 14% in after-hours trading on
The purchasing managers’ index (PMI) for China’s manufacturing sector dropped to 50.4 in July from 50.9 in June, the latest data published by the National Bureau of Statistics (NBS) showed Saturday. The actual data missed the consensus estimate of 50.8. Meanwhile, the Non-Manufacturing PMI eased slightly to 53.3 in July from 53.5 in June. A reading above
Beginning on August 2, 2021, German institutional funds will be able to hold up to 20% of their assets in cryptocurrencies, possibly setting the stage for wider mainstream acceptance of Bitcoin (BTC) and other crypto assets by the nation’s pension funds. As Bloomberg reports, the new law alters fixed investment rules governing Spezialfonds, also known
Dollar’s selloff caught much attention last week, but slowed towards the end. Traders are holding their bets for now, awaiting the coming batch of July data. Indeed, Australian Dollar was the worst performer, mainly on RBA QE expectations, and partly on risk aversion in China and Hong Kong. New Zealand Dollar was the second worst,
ISM data and jobs reports highlight the events next week Monday will be the August 2nd and the start of a new month. That means the traditional ISM data, ADP employment, the US and Canada jobs reports. Highlights on the economic calendar. Monday (bank holiday in Canada) Japan consumer confidence 36.0 versus 37.4 last month
Up $0.33 or 0.46% on the day The price of WTI crude oil futures are settling at $73.95. That’s up $0.33 or 0.46% on the day. For the week, the price closed a week ago at $72.06. The week’s gain is $1.89 or 2.06%. Looking at the hourly chart below, the pair dipped below its
Hedge funds plowed money into bets that the commodities rally of 2021 still has further to run, snapping three straight weeks of reductions. Net-long positions on a basket of 20 commodities rose by 8.3% in the week ended Tuesday, according to U.S. Commodity Futures Trade Commission data compiled by Bloomberg. Investors added wagers on further
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread. As expected, the Federal Open Market Committee concluded its two-day meeting by keeping interest rates in a target range near zero. Along with that, the committee reiterated its view that
In this article KMB PG View of Dawn dish soap liquid at Stop & Shop Supermarket. Ron Adar | LightRocket | Getty Images Procter & Gamble is set to report its fiscal fourth-quarter earnings results before the market opens on Friday. Here’s what Wall Street is anticipating, based on a survey of analysts by Refinitiv: