Here’s what we’re watching as we get ready for Tuesday’s trading session
Comtech Telecommunications ‘ shares plunged more than 12% premarket after it reported quarterly earnings and said its chief operating officer would become chief executive.
Shares of Duckhorn Portfolio added more than 5% in premarket trading after the wine company’s financial guidance for the current year beat Wall Street expectations. PepsiCo shares edged up 1.2% after the food-and-beverage company said its revenue rose for the recent quarter, though profit fell, while it navigates a volatile supply-chain and cost environment.
Shares of energy companies gained as Brent crude, the international benchmark, rose 1.2% to $82.24 a barrel—its highest level since 2018. Occidental Petroleum shares added 1.9%, and shares of Marathon Oil gained 2.5%.
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Bernie Sanders says spending bill's $3.5 trillion price tag likely to be loweredIn order for the bipartisan infrastructure bill and larger social spending package to pass, Sen. Bernie Sanders, said the $3.5 trillion budget resolution price tag will likely be lowered.
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At Uber and Lyft, Ride-Price Inflation Is Here to StayHeard on the Street: Uber and Lyft might continue to charge higher prices as a way to keep drivers on the platforms
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The U.S. Still Hasn't 'Forgiven Haiti for Being Black'—And Modern Immigrants Are Paying the PriceIn an 1893 speech examining the U.S. relationship with Haiti, Frederick Douglass said: “A deeper reason for coolness between the countries is this: Haiti is lack, and we have not yet forgiven Haiti for being lack or forgiven the Almighty for making her lack.” U.S. Border Patrol agents rounding up asylum seekers with whips while thousands more languish under a bridge in the unrelenting Texas heat make it clear: 128 years after Frederick Douglass’s speech, his words still ring true.
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Shredding GOP attack on Biden plan: Same price tag as tax cutsA main GOP argument against Biden's spending proposals is that the U.S. cannot 'afford' a plan that costs several trillion dollars. In a fact-check, MSNBC’s Ari Melber reports on how the modern GOP spent that much on tax cuts, and strategist Chai Komanduri says Biden's plan offers a major “return on the investment.' Melber notes that the spending facts do not resolve whether people should support or oppose the Biden plan, but rather shred one of the GOP's main supposed objections, that the price tag is too high for the U.S.
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