Tuesday, July 27, 2021
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Stock futures open flat ahead of Big Tech earnings

A trader works inside his post on the floor of the New York Stock Exchange.Brendan McDermid | ReutersStock futures were flat in overnight trading Monday ahead of quarterly earnings reports from several mega-cap technology companies.Futures on the Dow Jones Industrial Average added 15 points, or 0.04%. S&P 500 futures

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Bezos offers to cover $2 billion in NASA costs in exchange for astronaut lunar lander contract

Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas.Joe Raedle | Getty ImagesBlue Origin founder Jeff Bezos on Monday offered to cover

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Here are the highlights from Robinhood’s virtual roadshow

Omar Marques | LightRocket | Getty ImagesIn typical Robinhood fashion, the stock trading app hosted an unconventional virtual roadshow on Saturday. Rather than holding the event behind doors among investment bankers and hedge funds, as is typical, the event was democratized as Robinhood management fielded questions from everyday investors.Robinhood

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IPOs are on track for a record year as companies cash in on sky-high stock prices

Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021.Brendan McDermid | Reuters(Click here to subscribe to the new Delivering Alpha newsletter.)Initial public offerings have come roaring back, on track for a record year as companies race to go public in a stock market at all-time

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Stock futures hold steady ahead of a huge week of Big Tech earnings

Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021.Source: NYSEStock futures opened little changed after the major averages finished the previous session at record closing highs and ahead of a busy week of earnings reports from technology's heaviest hitters.The Dow Jones Industrial Average eased

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‘Disturbing’ actions by China signal early stages of a cold war, economist Stephen Roach warns

Economist Stephen Roach warns Beijing's crackdown against U.S.-listed China stocks will have widespread market implications.Roach, who is considered one of the world's leading experts on Asia, believes the actions are signaling the early stages of a cold war."I am a congenital optimist when it comes to China. But I

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Companies from Chipotle to Whirlpool are raising prices on consumers because of higher costs

A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California.Patrick T. Fallon | Bloomberg | Getty ImagesConsumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs onto their customers through price hikes.Many companies that reported quarterly results

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‘Don’t want to get vaccinated, leave’ — hedge fund founder mandates Covid shots in his office

Anthony Scaramucci, founder and co-managing partner of SkyBridge, told CNBC on Friday he's mandated Covid shots at the office of his hedge fund.He also called on all eligible Americans to go out and get vaccinated."We're a private company. If somebody wants to fight me over the vaccine mandate, that's

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Futures edge higher after stocks notch 3-day win streak

A Specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021.Brendan McDermid | ReutersStock futures edged slightly higher in overnight trading after a rise in technology stocks boosted the Nasdaq Composite to its third-straight positive

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