July jobs report, Apple earnings, Amazon & Intel fall: 3 Things

Category: Finance

Stock futures fell as the US added fewer jobs than expected in July, raising concerns about the Federal Reserve's timing on rate cuts. Apple reported strong fiscal Q3 results, while Amazon and Intel disappointed with mixed earnings and poor guidance, respectively.

Keywords: Stock Market, Earnings Reports, Federal Reserve

Source: Yahoo Finance

Update At: 8/2/2024

Related Sources

MSFT Earnings: Microsoft Sinks amid Soft Cloud Sales - TipRanks.com

Microsoft's Q4 earnings report showed EPS of $2.95 and revenue of $64.7 billion, both exceeding expectations. However, cloud-related sales fell short, leading to negative investor sentiment despite a Strong Buy consensus from analysts with a price target of $507.64.

TipRanks

S&P 500, Nasdaq 100 Slide Ahead of Microsoft (MSFT.O) Earnings

The S&P 500 and Nasdaq 100 are experiencing declines due to disappointing earnings reports and negative market sentiment. Microsoft is expected to report Q4 earnings of $2.94 EPS on $64.5 billion revenue, with a focus on AI earnings. JOLTZ job openings exceeded expectations, contributing to discussions about potential rate cuts amidst easing inflation. The overall earnings season has led to lowered sales and profit guidance from companies, raising concerns about economic health, particularly in China.

MarketPulse

CAPTRUST Tops $1T in Total Assets

CAPTRUST Financial Advisors has surpassed $1 trillion in total assets, marking a 17% increase from the previous year. The firm's growth is attributed to strategic acquisitions and a strong position in retirement plan advisement. CEO Fielding Miller highlights the importance of adapting to client needs, particularly in wealth management for 401(k) participants. The firm aims to leverage its scale for better pricing and unique asset management products.

planadviser

Captrust Reaches $1T in Client Assets

Captrust Financial Advisors has surpassed $1 trillion in total client assets, marking a significant milestone for the independent RIA channel. The firm, which started in 1997 with 12 employees, now has 1,600 staff and operates in all 50 states. Captrust's growth is attributed to an aggressive acquisition strategy and a strong business model that appeals to clients, particularly in wealth management and institutional services.

WealthManagement.com

Captrust Rides Culture, PE Backing and 'Infinite' Demand to $1T

Captrust Financial Advisors has surpassed $1 trillion in assets, marking a significant milestone for the firm. Co-founder and CEO Fielding Miller attributes this achievement to a strong company culture, strategic mergers and acquisitions, and the increasing demand for fiduciary financial advice. With 1,600 advisors and over 90 locations, Captrust is poised for continued growth in the evolving RIA industry, emphasizing client retention and the integration of wealth management and retirement services.

ThinkAdvisor

CAPTRUST EXCEEDS $1 TRILLION OF TOTAL CLIENT ASSETS

CAPTRUST Financial Advisors has surpassed $1 trillion in total client assets as of June 30, 2024, marking a significant milestone since its founding in 1997. The firm has expanded from 12 employees in Raleigh to 1,600 across over 90 locations nationwide, positioning itself well for future growth amid industry consolidation.

PR Newswire

Can you teach an adviser soft skills?

There is a significant shortage of new advisers in the financial sector, but new academies are emerging to address this issue. The demand for financial advice has increased due to wealth transfers to millennials and changes in pension regulations, creating a need for younger advisers.

Professional Adviser

Survey: US Adults Will Spend an Average of $662 This Year on Back-to-School Shopping

US adults are expected to spend an average of $662 on back-to-school supplies this year, with 44% having set aside money for shopping. Most shoppers are using savings methods like sales and discounts, while fewer are relying on credit. Experts encourage budgeting and planning to avoid debt, especially with rising costs of tech products. Families are becoming more financially aware, with many opting for second-hand shopping and tax-free weekends to save money.

CNET

Expert advice on back-to-school shopping

42% of parents with school-aged children are willing to incur debt for back-to-school items. Experts recommend budgeting, shopping sales, and considering second-hand items to save money. Many parents plan to use buy now, pay later options but should be cautious of accumulating debt.

WSFA

What channel is K League All Stars v Tottenham pre-season friendly on? Live stream and kick-off time

In 2023, the average amount borrowed by new customers taking out equity release plans was £97,878.

Radio Times