Here are the top news, trends, and analysis investors need to start their trading day:
- Stock Futures are flat one day after S & amp; P 500 and Dow set new records
- US unemployment claims fall for third week in a row
- Alaska Air Considers Covid Vaccine Mandates for Employees
- Cramer gives Fed Chairman Powell” the benefit of the doubt ” on inflation
- Messi is partially paid in crypto
Stock Futures are flat one day after S & amp; P 500 and Dow set new records
US stock futures are little changed on Thursday after another record session for the S&P 500 and the Dow Jones Industrial Average. S & amp; P 500 futures rose marginally, while Dow futures climbed 40 points, or 0.1%. Nasdaq 100 futures also rose slightly. The S & amp; P 500 and the Dow closed with new all-time highs on Wednesday. The Index increased by 5.4 year-on-year %which was roughly in line with expectations.
US unemployment claims fall for third week in a row
Which First-time applications for unemployment aid in the US fell for the third week in a row and reached a new low of the pandemic era, the US Department of Labor announced on Thursday. In the week ending August 7, 375,000 Claims Filed. The reading for the week ended July 31 was revised upwards by 2,000 to 387,000. Meanwhile, the July figure for the US producer price index increased by 1 % and thus exceeded the estimate of 0.5%.
Alaska Air Considers Covid Vaccine Mandates for Employees
Alaska Airlines considers, Making Covid vaccinations mandatory for employees, as evidenced by a corporate memo viewed by CNBC. The airline said that if it made vaccines mandatory for its employees, it would only do so, after the Food and Drug Administration has fully approved the vaccinations currently available. This change in policy would require the airline to: become the latest airline to require vaccination from its employees. United Airlines was the first major airline to do so last week.
Carmer gives Fed Chairman Powell” the benefit of the doubt ” on inflation
CNBC’s Jim Cramer urged investors to support Federal Reserve Chairman Jerome Powell’s approach to monetary policy, as inflationary pressure increases. “I say, give Jay Powell the benefit of the doubt. He has been like rain since the beginning of the pandemic. His critics have been completely wrong for ages,” Cramer said on “Mad Money”on Wednesday.
“Powell has insisted that we must wait and see what happens to the delta variant before raising or even reducing interest rates. Cramer also said that the recent rise in inflation may be temporary.
Messi is partially paid in crypto
The new team of Lionel Messi (PSG – Paris Saint-Germain) said on Thursday that the Salary package of the football superstar a cryptocurrency called “PSG Fan Token” contains. The team said the move to partially pay Messi in cryptocurrency makes it one of the”most innovative and avant-garde brands in sports worldwide.” Messi signed a two-year contract with PSG this week. The deal will give Messi a Annual salary of $ 41 million and a reported $ 30 million signing bonus.
Jim Cramer considers these stocks bargains with the market at record highs
”Mad Money ” presenter Jim Cramer offered investors a group of shares that he still considers bargains, despite the high overall market valuations. Ford, PayPal and Boeing are among the companies that Cramer has highlighted.
Ford: The consumer price index on Wednesday showed that the Inflation of used car prices slowed in July hat. Cramer believes that this could mean that new cars are now available. Automakers are struggling to keep up with demand due to a semiconductor shortage, but as the Chip offer recovered, considers Cramer Ford for a purchase. “Ford is now too cheap to ignore the company,” Cramer said.
paypal: The shares of the online payment system PayPal have fallen from their highs since the company due to Problems with the change of payment processor from eBay reported lower profits than expected in the second quarter. This decline has created a buying opportunity for investors, according to Jim Cramer.
Boeing: The aircraft manufacturer Boeing has recently experienced multiple spinal winds, including strong order and delivery figures in July. However, the stock is below its 52-week high from March, which Cramer described as “crazy.”
Microsoft protests NSA cloud contract awarded to Amazon
Microsoft has at the Government Accountability Office Protest filed against the National Security Agency and the youngest Award of a cloud computing contract contested. Which NSA awarded the order to cloud rival Amazon, according to still unconfirmed rumors.
Amazon has previously challenged a high-profile Pentagon cloud contract to Microsoftwhich was later canceled by the Ministry of Defense. With the protest filed on July 21 should the decision of the NSA be challenged, the $ 10 Billion Order the trade publications Nextgov and Washington Technology reported on Tuesday.
The NSA contract with Amazon follows the Pentagon’s decision to cancel its $ 10 billion cloud contract, known as JEDI or Joint Enterprise Defense Infrastructure, terminate. The JEDI deal, which has been embroiled in a protracted legal battle between tech giants Amazon and Microsoft, has become one of the most become the strongest tangled contracts for the Pentagon.
The NSA contract, also worth up to 10 billion US dollars, is codenamed “WildandStormy“and shall the modernize the agency’s secret data storageNextgov reported.
In a statement to CNBC, a spokesman for the NSA said that the agency “recently awarded a contract for cloud computing services” and declined to elaborate on the matter.
A Microsoft spokesperson told CNBC in a statement, ” Based on the decision, we are filing an administrative protest through the Government Accountability Office. We exercise our legal rights and will do so carefully and responsibly.“
Last updated on August 12, 2021
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