14 May

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U.S. objects to U.N. meeting on Israel, Gaza on Friday – diplomats By Reuters

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By Michelle Nichols NEW YORK (Reuters) - The United States has objected to a request by China, Norway and Tunisia for a public, virtual meeting of the United Nations Security Council on Friday to discuss the worsening violence between Israel and Palestinian militants, diplomats said. The United States, a close ally of Israel, cited diplomatic efforts as the reason for the objection, saying a council discussion would not be productive, but left the door open for a possible meeting on Tuesday, the diplomats said. "The United States communicated support for an open meeting in the...

14 May

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Dow, Nasdaq See Strong Recovery as Labor Market Improves By Investing.com

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By Christiana Sciaudone Investing.com -- Wall Street closed higher after a three-day rout, buoyed by a labor market that appears to be strengthening. The S&P 500 rose 1.2%, while the Dow Jones Industrial Average rose 1.29%. NASDAQ Composite was up 0.72%. The number of Americans filing new claims for unemployment benefits fell more than expected last week with companies scrambling to find workers as demand booms. Initial claims for unemployment benefits fell 34,000 to 473,000 for the week ended May 8. Meanwhile, producer prices increased 0.6% in April, more than expected and the biggest annual gain...

14 May

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Walt Disney Earnings beat, Revenue misses In Q2 By Investing.com

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Walt Disney (NYSE:DIS) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Walt Disney announced earnings per share of $0.79 on revenue of $15.61B. Analysts polled by Investing.com anticipated EPS of $0.2707 on revenue of $15.86B. Walt Disney shares are down 1% from the beginning of the year and are trading at $171.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 9.5% from the start of the year. Walt Disney shares lost 4.02% in after-hours trade the report. Walt Disney follows other...

14 May

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Fed’s Waller Joins Colleagues in Branding Inflation ‘Temporary’ By Bloomberg

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(Bloomberg) -- Christopher Waller on Thursday became the latest Federal Reserve governor to try and dampen expectations for central bank action to curb rising prices that he sees as “temporary.” Waller, the third governor to speak this week, said that while inflation above the Fed’s 2% goal may last through 2022, it’s unlikely to be sustained. The comments echo those by Lael Brainard on Tuesday and Vice Chair Richard Clarida on Wednesday as Americans vex over rising prices. Several regional Fed presidents have delivered a similar message, including Richmond’s Thomas Barkin earlier on Thursday. “Despite the...

14 May

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Walt Disney Earnings Beat, Revenue Misses In Q2 By Investing.com

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Walt Disney (NYSE:DIS) reported on Thursday second quarter earnings that beat analysts' forecasts but revenue fell short. Walt Disney announced earnings per share of 79 cents on revenue of $15.61 billion. Analysts polled by Investing.com anticipated EPS of 27 cents on revenue of $15.86 billion. Walt Disney shares are down 1% from the beginning of the year, still down 12.24% from its 52-week high of $203.01 set on March 8. They are under-performing the S&P 500, which is up 9.5% from the start of the year. Walt Disney shares lost 4.02%...

14 May

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Brazil’s lower house passes bill to ease environmental permits By Reuters

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By Jake Spring BRASILIA (Reuters) - Brazil's lower house of Congress has approved a bill fiercely contested by environmental groups that would loosen licensing requirements for infrastructure, mining and farming projects. The move drew criticism from conservation groups and sustainability-focused companies at a time when Brazil's environmental record is under intense scrutiny as deforestation in the Amazon (NASDAQ:AMZN) rainforest soars. "If this dangerous bill passes in the Senate, it will show that the government is actively seeking to accelerate along its current path towards mass environmental destruction," said Kiran Aziz, an investment analyst for KLP, Norway's...

13 May

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Progressives Split on Powell’s Renomination to Fed Chair By Bloomberg

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(Bloomberg) --Progressives are starting to divide on whether Federal Reserve Chair Jerome Powell should be renominated by President Joe Biden for a second term. Seven different climate-activist groups, including the Sierra Club, on Thursday raised questions about Powell’s renomination, demanding a stronger climate leader at the head of the central bank. “If Joe Biden’s executive branch is going to live up to its commendably bold climate commitments, they will need a climate hawk as chair of the Federal Reserve,” Jeff Hauser, executive director of the Revolving Door Project, said in a press release. “Nothing about...

13 May

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Musk decries bitcoin’s ‘insane’ energy use after Tesla payment U-turn By Reuters

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By Hyunjoo Jin and Subrat Patnaik (Reuters) - Tesla Inc boss Elon Musk on Thursday denounced the "insane" amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Musk, one of bitcoin's most ardent backers, tweeted a graph of bitcoin's power consumption and said: "Energy usage trend over past few months is insane." (https:// That followed his tweet from Wednesday saying Tesla would no longer accept the cryptocurrency as payment for its electric cars because it came at a great cost to...

13 May

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Nasdaq, Dow Rebound as Labor Market Strengthens By Investing.com

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By Christiana Sciaudone Investing.com -- Wall Street bounced back from a nasty bout of losses as the labor market appeared to strengthen. The number of Americans filing new claims for unemployment benefits fell more than expected last week, with companies scrambling to find workers as demand booms. Initial claims for unemployment benefits fell 34,000, to 473,000 for the week ended May 8. Meanwhile, producer prices increased 0.6% in April, more than expected and the biggest annual gain since 2010, Bloomberg reported. Energy was the only sector seeing a decline as the Colonial...

13 May

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Funko Gains as BofA Upgrades on Revenue Mix By Investing.com

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By Dhirendra Tripathi Investing.com – Funko (NASDAQ:FNKO) shares were up 8% Thursday after BofA Securities (NYSE:BAC) dusted its previous ‘underperform’ rating to hand the stock a ‘buy’ with a $30 target. The target is still 30% higher from the stock’s current level of $23. BofA raised its estimate for Funko’s 2021 EPS to $1.15 from $0.92 earlier. BofA analyst Rafe Jadrosich attributed the double-notch upgrade to significant opportunity offered by Funko’s newly diversified revenue mix that now captures NFTs, games and toys. The analyst also credited the faster-than-expected recovery in Europe and strength in Funko’s direct-to-consumer...

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U.S. objects to U.N. meeting on Israel, Gaza on Friday – diplomats By Reuters

Dow, Nasdaq See Strong Recovery as Labor Market Improves By Investing.com

Walt Disney Earnings beat, Revenue misses In Q2 By Investing.com

Fed’s Waller Joins Colleagues in Branding Inflation ‘Temporary’ By Bloomberg

Walt Disney Earnings Beat, Revenue Misses In Q2 By Investing.com

Brazil’s lower house passes bill to ease environmental permits By Reuters

Progressives Split on Powell’s Renomination to Fed Chair By Bloomberg

Musk decries bitcoin’s ‘insane’ energy use after Tesla payment U-turn By Reuters

Nasdaq, Dow Rebound as Labor Market Strengthens By Investing.com

Funko Gains as BofA Upgrades on Revenue Mix By Investing.com

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