Author: Kevin Bae
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Number of retail investors continue to climb
Retail investors are increasing in number and plowing more money into the markets. In June, so-called retail investors bought nearly $28 billion of stocks and exchange-traded funds on a net basis, according to data from Vanda Research’s VandaTrack, the highest monthly amount deployed since at least 2014. That even trumped the amount retail traders spent…
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The Yield – Week ending July 2, 2021
Cars selling above sticker price, Microsoft strikes a deal with AT&T, a good jobs report, investors may be overly optimistic, and more!
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Verizon vows to support low cost wireless service
Verizon wants to buy Tracfone. In order to gain favor to get the approval they are vowing to continue to support low cost wireless service for at least three years. Verizon Communications Inc. told federal regulators it would keep supporting low-cost wireless service for three years if it is allowed to buy TracFone, a sign of…
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Are investors overly optimistic?
Investors expecting returns of 17.5% after inflation in the coming years? Wow. In a recent survey of 750 U.S. individual investors, Natixis Investment Managers found these people expect to earn 17.3% this year, after inflation. That might not sound like pie in the sky. The S&P 500 returned 18.4% last year, counting dividends, and is up 15.9%…
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Good jobs report lifts markets
It’s good to see employment is continuing to increase. The more people participating in the economy the better it is for everyone. The U.S. economy added 850,000 jobs in June as the labor market heated up after a spring lull. The unemployment rate, derived from a separate survey of households, rose to 5.9% from 5.8%, the Labor…
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AT&T to use Microsoft’s cloud
Microsoft, which analysts believe to be the second largest cloud computing provider by revenue behind rival Amazon Web Services, has been building out specific cloud computing offering to go after carriers, and AT&T is the Redmond, Washington-based company’s first major win. The two also said that Microsoft will purchase software and intellectual property developed by…