It’s Monday’s catch record. Apple rose to a peak after rumors of possible satellite connectivity in the iPhone 13. The S&P500 and Nasdaq also reached new peaks. Robinhood has taken a beating now that a potential ban on the business model is on the table.
In addition, Powell said that the downturn will only continue if the economy continues to develop as it is now and the recovery continues. In addition, he will keep a close eye on the labor market numbers. In other words: If the tide turns too much, it won’t phase out this year.
The optimism led to a record chase as the S&P500 and Nasdaq closed at new records.
It bounced 3 percent to a record price of $153.12. This had to do with Apple analyst Ming-Chi Kuo from TF International Securities. He reportedly said in an email to investors that he expects upcoming iPhone 13 models to have satellite communications.
According to Kuo, satellite communication will also end up in the Apple Augmented Reality (AR) headset and a possible Apple Car.
Because of these rumors, the satellite company GlobalStar is shooting nearly 50 percent higher.
He suffered a blow of about 7 percent. SEC Chairman Gary Gensler told Barron’s that a potential ban on “payment for order flow” is on the table. Payment for order flow is the redirection of transactions to market parties, for which the sender – Robinhood in this case – receives commissions.
This worries investors, because that’s the core of Robinhood’s revenue model.
After Wall Street closes at 10 p.m., Zoom video calling service will come
with results. Analysts expect sales growth year on year, but growth will be lower than in previous quarters due to the reopening of the economy.
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