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Economy

“Job openings soar to 10.9 million as companies struggle to fill positions”

“The department’s Job Openings and Labor Turnover Survey, which the Federal Reserve watches closely for signs of slack in employment, showed 10.9 million positions open. That was much higher than the FactSet estimate of 9.9 million and the June total… Continue Reading…

Business, Economy, Stocks

“BP Launches Share Buyback as Profits Soar. What It Means for the Stock.”

“BP stock made gains early on Tuesday, as the oil major committed to $500 million share buybacks after profits more than tripled in the first quarter. The London-listed energy giant cited “exceptional” gas marketing and trading performance and higher oil prices… Continue Reading…

Stocks

“C3.ai Stock Soars 140% After Its IPO”

“The artificial intelligence software company C3.ai priced its initial public offering at $42 a share, above the recently increased range of $36 to $38. C3.ai shares opened for trading at $100 Wednesday morning and were up to $109 shortly after… Continue Reading…

Stocks

“Shell Stock Could Soar 68%, Analyst Predicts”

“Shell (ticker: RDS.B) stock is down 42% this year, worse than the Energy Select Sector SPD exchange-traded fund (XLE), which is off by 33%. But MKM Partners analyst John Gerdes says Shell shares could rebound by 68% as the company gets leaner… Continue Reading…

Stocks

“3 Stocks Top Analysts Say Will Soar in 2021”

“LendingTree, Inc. (TREE)… LendingTree has a unanimous Strong Buy analyst consensus rating, based on 6 Buy reviews set in recent week. The stock’s average price target, $362, implies it has room for 39% growth from the current share price of $260.09…… Continue Reading…

Stocks

“Pinterest ‘more than delivered the goods’ in its blowout quarter, stock soars”

“Shares of Pinterest surged more than 31% in premarket trading Thursday, as investors rallied around the company’s blowout third quarter earnings that indicated advertising demand revved up after a difficult period….   Shares in tech companies Snap, Facebook, Google-parent Alphabet, Amazon and Twitter were also up in the premarket, helping recover some… Continue Reading…

Business, Stocks

“Dunkin’ stock soars after chain confirms sale talks with Inspire Brands”

“Shares of Dunkin’ surged 15% Monday after the company confirmed sale talks with Inspire Brands, the privately held owner of Arby’s and Jimmy John’s. The New York Times, which broke the news of the discussions, reported that the deal is valued at… Continue Reading…

Real Estate

“Existing-home sales soar at a record pace in July…”

“The numbers: Sales of previously-owned homes in the U.S. rose 24.7% between June and July to a seasonally-adjusted annual rate of 5.86 million, the National Association of Realtors reported Friday. It was the second consecutive month in which the monthly increase was… Continue Reading…

Business

“Walmart sales soared as shoppers spent their stimulus checks”

“Walmart sales got a big boost last quarter as shoppers spent their government stimulus checks on home goods, electronics and lawn care products, the company said Tuesday. Walmart’s sales at US stores open for at least one year increased 9.3%… Continue Reading…

Stocks

“Airline stocks soar on signs of travel resumption, recovery hopes”

“Shares of airline companies surged in premarket trading Tuesday, amid growing optimism that air travel will resume shortly. The U.S. Global Jets ETF JETS, 9.49% shot up 8.0%, outpacing the gain in futures ES00, 1.92% for the S&P 500 SPX, 1.90%, which rose 1.9%. Among the more active airline… Continue Reading…