The Pulse on the Economy and Capital Markets: July 26–30, 2021
August 3, 2021
At a glance:
- Earnings season is here, and it has revealed slowing growth in one of the biggest pandemic-affected areas: eCommerce. Plus, we take a look at new GDP and consumer and business spending numbers you should know.
- Companies have released their earnings reports for the second quarter, which showed a potential slowdown eCommerce, growth in online advertising and constrained supply chains.
- Though GDP growth was generally a big miss in the second quarter, there were some hidden benefits mixed in with the headlines.
- Great news — consumers are spending and so are businesses, with much of their focus on equipment and intellectual property.
- We’re reading articles focused on the bipartisan infrastructure bill, a new fintech merger, a billion-dollar purchase in retail and new challenges for top streaming companies.
- What’s in the bipartisan infrastructure bill?
- Square to buy ‘buy now, pay later’ giant Afterpay in $29 billion deal
- Foot Locker to buy two shoe store chains for $1.1 billion
- Disney, WarnerMedia and NBCUniversal wrestle with balancing the value of cable networks and streaming services
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About the Author
Chief Investment Officer At Aprio Wealth Management At Aprio Simeon is the Chief Investment Officer of Aprio Wealth Management and the Director of Aprio Family Office. Simeon brings two decades of professional investing experience in publicly traded and privately held companies, as well as senior-level operating and strategy consulting experiences.