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Major U.S. stock indexes linked futures contracts ruled flat early Monday as investors looked ahead to one of the busiest weeks of the Q1 earnings season, CNBC reported. Stock Futures Flat With A Big Earnings Week Ahead Contracts tied to the S&P 500 and the Dow moved close to the flatline, while futures related to Nasdaq 100 traded marginally lower. Tesla shares traded slightly lower premarket ahead of the earnings report of the electric carmaker, following the bell Monday. A busy week stretched ahead for investors with the American Families Plan of President Joe Biden set to debut, a Federal…

Backyard swimming pools may not be on the list of need to pick up items in the pandemic, but their demand had been surging since the pandemic erupted, CNBC reported. Demand For Rented Swimming Pools Surges In Pandemic Across the US, hot tub and swimming pool suppliers had been struggling to meet the increased demand, but a backyard pool was not everyone’s idea of a chill spill in view of the costs involved. But where there is a demand there is an entrepreneur ready to cash in and Ned Gilardino lost no time doing that. He had a pool that…

The usual new products promotion format of most tech companies comprised hosting flashing events followed by digital and TV ads, CNN reported. Samsung To Run A Series On Hulu For Its New S21 Ultra Phone Ad But Samsung is taking a different route with the co-creation of a six-part series for Hulu which would see eight photographers use the company’s Galaxy S21 Ultra 5G phone to click photos and compete for a $250,000 prize. The S21 Ultra, which the company launched in January, carried $1,199.99, price tag making it a high-end smartphone in a hugely competitive market. It was only…

Insurance companies were being snapped up by private equity firms at frenetic pace along with the policies they held, CNBC reported. PE Firms’ Acquisition Of Insurance Companies Raises Concerns Some groups voiced concerns about the development working to the disadvantage of consumers who owned life insurance and annuity contracts. Critics were concerned buyers would squeeze profits out of customers through higher costs to increase investor returns. Consumers who had bought such insurance plans and continued with them for years might have been pursuing financial plans considering a certain price. They might have bought a policy considering the credit rating or…

Optimism is what drives investors to bet their bucks on companies with a disruptive approach but clean energy, despite all the promised support from governments and institutions makes them see red, CNN reported. Clean Energy On Roll Again But Will It Be Different This Time Around According to Craig Lawrence, who led clean tech and clean energy investing at Accel Partners between 2008 and 2010, he always worried something was going to happen that would suck the wind out of the market. Meanwhile, clean tech projects are experiencing a massive boom in funding. BloombergNEF reported that energy transition received a…

Months following the Ant Group’s sudden suspension of its highly anticipated dual listing, China’s financial technology companies were facing difficulties trying to go public in the mainland, according to analysts who spoke to CNBC. China’s Fintech Companies Facing domestic Listing Roadblocks EY’s Asia-Pacific IPO leader, Ringo Choi said few fintech sector firms had managed to list on mainland exchanges in Shenzhen and Shanghai. Choi told CNBC that for financial technology, one could see that some of the largest one(s), if they were competing with the bank or insurance company, they would have a hard time. The China Securities Regulatory Commission…

Rising temperatures would likely significantly reduce global wealth by 2050, amid falling crop yields, spreading diseases, and as rising sea levels submerged coastal cities, a major insurance company warned Thursday, highlighting the disastrous consequences of the world failing to drastically cut the use of fossil fuels, The New York Times reported. Study Highlights Climate Change Impact On Global Economy Climate change was projected to cut global economic output by 11 percent to 14 percent by 2050 as against growth levels without climate change, according to a Swiss Re report. Swiss Re is one of the largest global insurance providers to…

Credit Suisse reported a net Q1 loss at 252 million Swiss francs ($275 million), at a time when the bank came under increased pressure. Shares retreated 5% in early trading hours Thursday. Credit Suisse Reports Net Q1 Loss Of 252 Million Swiss Francs ($275 Million) Credit Suisse said the loss mirrored the deep impact due to the matter of the US-based hedge fund in 1Q21 (first quarter), offsetting positive performance across investment banking and wealth management. The development follows the Swiss lender warning of heavy losses after a scandal erupted earlier this month, around Archegos Capital, a U.S. based hedge…

Last year’s first quarter was great for Netflix as people locked themselves in their homes in the raging pandemic and binged on its offerings. But with vaccinations increasing, Netflix started 2021 with sharply reduced subscriber numbers, CNN reported. Netflix Subscriber Numbers Down As Vaccination Gathers Pace The streaming service said Tuesday that it now counted 208 million subscribers globally, after the addition of 4 million subscribers in the first quarter of 2021. The numbers were down against its expectations of 210 million. The company posted first quarter profit this year at $1.7 billion, as against $709 million in the corresponding…

With affluent Americans leveraging cheap mortgage rates, rising savings, and working from home in the pandemic, sales of bigger homes and demand of million-dollar listings outstripped home sales across all other price ranges, USA Today reported. Luxury Home Sales Boom As Affluent Americans Look For More Space In The Pandemic The number of homes with $1million price tags sold was up 81% at 17,216 in February, against 9,635 of earlier year while the number of homes sold for under $100,000 was down 26% at 22,569 from 30,382 a year earlier, according to the National Association of Realtors, USA Today…