Here are the top news, trends, and analysis investors need to start their trading day:
A trader on the New York Stock Exchange, June 4, 2021.
Jeff Bezos drives a Rivian R1T electric truck through the Blue Origin launch facility in Texas.
Jeff Bezos will fly on the first passenger flight of its space company Blue Origin. The company plans to launch the mission on July 20th Amazon billionaire announced Monday. Bezos and his brother Mark will join the winner in a public auction held for one of the seats. The bid for the auction was $ 2.8 million before Bezos announced he would be on board. Bezos’ Blue Origin and Elon MuskSpaceX are two of the largest commercial space companies.
Musk, also co-founder and CEO of Tesla, tweeted on Sunday that the electric automaker has canceled the most expensive variant of its flagship sedan, the $ 150,000 Model S Plaid Plus.
Tesla had promised that a Plaid Plus version of its new Model S would give drivers 1,100 horsepower, 520 miles of range on a fully charged battery, and zero to 60 mph in less than two seconds. The remaining high-end version of the Model S Plaid for $ 119,900 has a 390-mile range battery with 1,020 horsepower and similar acceleration.
Pedestrians pass an AMC theater in New York.
Scott Mlyn | CNBC
Shares in AMC entertainment were subdued on Monday pre-trading after a wild week in which the stock rose more than 80% despite declines on Thursday and Friday. The cinema chain sold more shares in two tranches last week, raise around 817 million US dollars. CEO Adam Aron told YouTube host and AMC shareholder Trey Collins that the company plans to issue an additional 25 million shares.
Emily Blunt, Millicent Simmonds and Noah Jupe star in “A Quiet Place Part II”.
The cinema business decimated by the Covid pandemic showed more signs to return to normal. “A Quiet Place Part II” fell 59% to $ 19.5 million after a stellar opening weekend. However, the Paramount sequel has raised $ 88.6 million in the US and Canada so far. Warner Bros.’s “The Conjuring: The Devil Made Me Do It” topped the weekend box office and debuted with a profit of $ 24 million.
British Chancellor of the Exchequer Rishi Sunak (center), US Treasury Secretary Janet Yellen (right) attends the first day of the G-7 Finance Ministers’ Meeting on June 4, 2021 at Lancaster House in London.
Stefan Rousseau | AFP | Getty Images
The finance ministers of the most advanced economies known as the Group of Seven, supported a US proposal that requires companies around the world to pay at least 15% tax. Finance minister Janet Yellen tweeted that a “global minimum tax would end the race to the bottom in corporate taxation and ensure fairness for the middle class and working population in the US and around the world.”
Yellen, former chairman of the US Federal Reserve, said in an interview with Bloomberg that the president Joe Bidenthe $ 4 trillion spending agenda would be positive for the countryeven if this leads to an increase in interest rates. “If we had a slightly higher interest rate environment at the end, this would actually be a plus for the perspective of society and the Fed,” said Yellen.