The most important news items that investors need to start a trading day are:
The trader is working on the floor of the New York Stock Exchange (NYSE) on July 21, 2022.
Brendan MacDermid | Reuters
The three major US stock indexes appeared to be trading confusingly on Friday morning after they were relatively strong on Thursday. After the European Central Bank raised rates for the first time in more than a decade to combat inflation, the US dollar rose, squeezing growth-oriented tech stocks, but it cooled a bit. This was especially helpful to the tech-heavy Nasdaq, which closed at a 1.36% higher price on Thursday.But then, the former social media darling snap Reported after Bell, and well … see below.
Evan Spiegel, co-founder and CEO of Snap Inc., will speak at the virtual Google Pixel Fall Launch event in New York on Tuesday, October 19, 2021.
Michael Neagle | Bloomberg | Getty Images
It was cruel.Snap post Weaker results than expected But the real kicker was the company’s warning that it wouldn’t provide third-quarter guidance because “future visibility remains very difficult.” Snap also said it plans to join other tech companies and slow down hiring. As of Thursday’s closing price, Snap’s share has already fallen by nearly two-thirds so far this year.Company’s miserable quarterly report Sent cold through other social media stocksFacebook parents, etc. Meta When Pinterest, Outside business hours on Thursday.When twitter On Friday morning, we announced results that included an unexpected loss of revenue on Wall Street.
Passengers with babies will use the Delta Check Ink Osque at Hartsfield-Jackson Atlanta International Airport on July 1, 2022, before their July 4 vacation in Atlanta, Georgia.
Elijah Nouvelage | Reuters
Air travel is back a lot. COVID The restrictions have been significantly relaxed. And airlines are making a profit. Three major US airlines – United, American and Delta – Report all quarterly earnings for the most recent period, Each expresses bullishness on the rest of the summer demand. But big travel rebounds have created headaches everywhere: higher fares, longer delays, more cancellations, understaffed, you name it. Due to high costs, fares and demand, airlines, backed by billions of dollars in federal support during a pandemic, are shrinking their flight growth goals. “The more airline restrictions you have, the higher the airfare you can charge,” Henry Harteveldt, founder and former airline executive at Atmosphere Research Group, told CNBC’s Leslie Joseph. “They are not going to get another bailout,” he added. “They wasted much of their good intentions.”
Uniper is discussing the possibility of bailout with the German government.
Picture Alliance | Picture Alliance | Getty Images
German government on friday Agreed for $ 15.24 billion bailout Of the energy giant Uniper.The difficulty of the company is related to Russia invasion of Ukraine And then the energy crunch. Uniper, owned by a majority of Finnish companies, is Germany’s largest Russian gas importer. Earlier this month, Uniper sought government support after warning of rising energy prices. The German government has acquired a 30% stake in the company.
President Joe Biden, who tested positive for Covid-19 this morning, posted on Twitter: He regrets not being able to attend today’s event. “
Courtesy: White House
President Joe Biden Coronavirus positive, The White House announced Thursday. The news sparked flash headlines everywhere. Biden Is 79, which is considered an increased risk of a more serious seizure with Covid. Still, his symptoms were “very mild” and he continued to work, albeit in isolation. He was vaccinated and boosted and was taking Pfizer’s antiviral treatment, Paxrovid. It didn’t take long for development to become just another news article. The market shrugged it significantly. Covid, which became a pandemic more than two years ago, remains a threat to health and the economy. Tens of thousands of people are infected every day in the United States, and many are trapped in their homes. And even now, every day, thousands are hospitalized and hundreds die. But if the otherwise modest reaction to the president’s infection is any sign, it’s clearer than ever that the virus, if not, is eager for Americans and the market to make great strides. ..
– CNBC’s Samantha Subin, Jonathan Vanian, Ashley Capoot, Leslie Josephs, Kevin Breuninger and Katrina Bishop contributed to this report.