Market participants don't want to see anything from the economy that would cause the Federal Reserve to boost rates quickly, and that was especially painful for growth-stock investors in the Nasdaq Composite (NASDAQINDEX: ^IXIC). Camping World Holdings (NYSE: CWH) and Gartner (NYSE: IT) might not seem to have a lot in common, but both are ready for their respective customers to hit the road and get back to business as normal after a tough year dealing with the pandemic. Shares of Camping World Holdings jumped more than 10% on Tuesday.
- Trading Central
U.S. stocks churned near the flat line on Wednesday after major tech stocks gave back an early rebound.
- Motley Fool
Following another upbeat earnings report from Camping World Holdings (NYSE: CWH), Wall Street is becoming decidedly more bullish about the recreational vehicle (RV) retailer, with no fewer than four firms issuing new higher price targets for its stock. The RV lifestyle got a significant boost from the pandemic as people sought to escape the confines of urban and suburban living for the great outdoors. Camping World's report indicates that this mindset is continuing into 2021 with first-quarter revenue surging 52% higher to $1.56 billion, leading it to raise its full-year guidance.
Camping World (CWH) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
WASHINGTON (Reuters) -The Biden administration on Wednesday blocked a Trump-era rule that would have made it easier to classify gig workers who work for companies like Uber and Lyft as independent contractors instead of employees, signaling a potential policy shift toward greater worker protections. Shares of companies that employ gig labor such as Uber, Lyft and DoorDash immediately pared gains. At 2.15 p.m. ET (1815 GMT) Uber shares traded down 3.2%, Lyft was down 5.8% and DoorDash fell 5%.
- Motley Fool
The retail landscape isn't level today, and this trio of industry names helps to explain some of the variances going on.
- Car and Driver
Starting at $47,010, this ruggedized model has a lifted suspension, all-terrain tires, and a Torsen limited-slip rear differential.
- CBS News
Among teenagers, many of whom shifted to remote learning due to the pandemic, birth rates fell precipitously, according to data released by the CDC.
Strong sales growth is one of the most important characteristics of potential winners in the stock market. Let's check out Encompass Health (EHC), Facebook (FB), MKS Instruments (MKSI), Blackstone (BX) and Interpublic Group (IPG) that may record solid sales growth.
- Associated Press
Police in Thailand said Friday they have charged a U.S. citizen from the state of Colorado with murdering his pregnant Thai wife. Jason Matthew Balzer, 32, was interrogated Friday in the northern city of Nan where he had lived with Pitchaporn Kidchob, said police Lt. Col. Somkiat Ruam-ngern. Balzer was arrested Thursday in the northern city of Chiang Mai and confessed to killing his 32-year-old wife, said Maj. Gen. Weerachon Boontawee, chief of Provincial Police Region 5′s Detective Department.
The government will bring some "vulnerable" Australians home after its travel ban ends next week.
- The Week
Dr. Rajendra Kapila, an infectious disease expert and professor at Rutgers New Jersey Medical School, died of COVID-19 last month while in India. Kapila, 81, died on April 28, three weeks after testing positive for COVID-19, ABC News reports. India is the world's biggest COVID-19 hotspot, and Kapila went to the country to help care for relatives, his ex-wife, Dr. Bina Kapila, told WABC. She said he only planned on staying in India for a short period of time. In a statement, Rutgers called Kapila a "genuine giant in the field of infectious diseases" who was "recognized worldwide and sought out for his legendary knowledge and extraordinary clinical acumen in diagnosing and treating the most complex infectious diseases." Kapila founded Rutgers' Division of Infectious Diseases, was a founding member of the New Jersey Infectious Disease Society, and "provided care to tens of thousands of patients and trained numerous generations of medical students, residents, and fellows," Rutgers said. His wife, Dr. Deepti Saxena-Kapila, said her husband was fully vaccinated before traveling to India; while it is extremely rare for a vaccinated person to die of COVID-19, most who have died had underlying health conditions and were older, ABC News reports. Kapila's ex-wife told WABC he had heart issues and diabetes. More stories from theweek.comHouse GOP leader Kevin McCarthy apparently pays $1,500 to live in a 12-bedroom, 16-bath penthouseThe insurrectionists are winningElise Stefanik tells Steve Bannon in 2022, Republicans need Trump and 'his coalition of voters'
- The Daily Beast
Fox NewsIn what has become a commonplace occurrence these days, Fox News host Tucker Carlson addressed a controversy purely of his own making on Thursday night, this time regarding his dangerous and sloppy suggestion that dozens of Americans a day are dying from the coronavirus vaccines.How did he explain away the highly misleading and disingenuous speculation? Well, by blaming it all on President Joe Biden, of course.Carlson, who has increasingly sought to cast doubt on the efficacy and safety of the highly effective vaccines, took his vaccine skepticism to new heights on Wednesday night when he cited a faulty open-sourced database dubbed a “a breeding ground for misinformation” to suggest that thousands of Americans have died from the shots.“Between late December of 2020 and last month, a total of 3,362 people apparently died after getting the COVID vaccine in the United States,” Carlson exclaimed, citing the Center for Disease Control’s Vaccine Adverse Event Reporting System. “That is an average of roughly 30 people every day. So, what does that add up to? By the way, that reporting period ended on April 23, and we don’t have numbers past that.”While acknowledging that there’s been criticism of the VAERS database’s numbers and insisting he believes “vaccines aren’t dangerous,” Carlson still spent 15 minutes speculating that the federally authorized COVID-19 vaccines are leading to an untold number of deaths.“The actual number is almost certainly higher than [30 people every day], perhaps vastly higher than that,” he said at one point.Of course, Carlson never once noted that the CDC itself had analyzed the reports of deaths submitted to VAERS—which is nothing more than open-access data—and offered the following conclusion: “A review of available clinical information, including death certificates, autopsy, and medical records has not established a causal link to COVID-19 vaccines.”Following a 24-hour period in which he was roundly criticized and fact-checked—including from his own Fox colleagues—Carlson issued his rebuttal. And he wanted his critics to know he was “just asking questions.” Oh, and it’s also Biden’s fault.“We looked up the numbers the Biden administration has gathered on vaccine safety. Then last night, we boldly read those numbers on television—the Biden numbers,” Carlson began with a mocking tone.“As we did that, we noted the administration’s reporting system for injuries—it’s called VAERS—has been credibly accused of being inaccurate,” he added. “We also noted that very same system has been used for a long time.”Once again insisting that “more deaths have been connected to the new COVID vaccines over the past four months than all previous vaccines combined” in recent years—again, something the CDC has thoroughly knocked down—Carlson claimed he was just seeking answers.“Very same system, very different results,” he said, adding: “How does this happen? So what is that explanation? We still don’t know. Instead of answering that simple and important question, the usual chorus of partisans started screaming and calling for censorship!”After mocking his critics for telling him the VAERS numbers are untrustworthy, he wanted to know why “hasn’t the Biden administration fixed its reporting system” and “what are the real numbers.”Carlson, meanwhile, ended the segment by flipping the indignation over his reckless speculation back onto his critics, insisting they are actually the ones who are doing harm to the public.“It’s fair to ask how much harm this medicine causes. No one has told us,” he declared. “Their position is, you don’t need to know the rate of injury! That doesn’t matter. Anyone who asks about harm is immoral. That’s what they’re arguing. If you ever find yourself arguing that, you will know for certain you have lost the thread. You are no longer arguing for public health. You’re doing something else entirely.”Carlson, of course, could just read the disclaimers when searching the database to realize that it’s not a typical government data source and the numbers don’t reflect direct causation.“Reports may include incomplete, inaccurate, coincidental and unverified information,” one disclaimer reads, while another warns: “The number of reports alone cannot be interpreted or used to reach conclusions about the existence, severity, frequency, or rates of problems associated with vaccines.”Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
- The Independent
‘It is ironic that we came to India for two weeks and he contracted it here,’ Dr Rajendra Kapila’s widow says
- Business Insider
Mitch McConnell's alma mater rejects his views on the 1619 Project and says they are 'quite troubling'
"To imply that slavery is not an important part" of US history "fails to provide a true representation of the facts," a university official said.
WASHINGTON (Reuters) -U.S. Defense Secretary Lloyd Austin said on Thursday there was no plan at this point to shoot down the remnants of a large Chinese rocket expected to plunge back through the atmosphere this weekend. The Long March 5B rocket blasted off from China's Hainan island on April 29, carrying the Tianhe module, which contains what will become living quarters for three crew members on a permanent Chinese space station. The Global Times, a Chinese tabloid published by the official People's Daily, characterized reports that the rocket is "out of control" and could cause damage as "Western hype."
WASHINGTON (Reuters) -U.S. Defense Secretary Lloyd Austin said on Thursday the process of removing all contractors from Afghanistan working with the United States was under way as part of President Joe Biden's withdrawal of forces from the country. The remarks are the clearest indication yet that Biden's April order to withdraw all U.S. forces from Afghanistan by Sept. 11 extended to U.S.-funded contractors. Asked whether the Pentagon had issued orders to withdraw not just American troops but also contractors, Austin said: "We're going to responsibly retrograde all of our capabilities that we are responsible for and the contractors fall in that realm as well."
Former Republican pollster Frank Luntz tells Kara Swisher on her New York Times podcast "Sway" that Donald Trump's lies about the 2020 election "could cost the Republicans the majority in the House in 2022."Why it matters: The former president is still the most popular figure in the Republican Party, but his baseless claims about the election have alienated moderates and key GOP leaders — including Senate Minority Leader Mitch McConnell (R-Ky.) and House Republican Conference Chair Liz Cheney (R-Wyo.).Get market news worthy of your time with Axios Markets. Subscribe for free.Key exchange: Luntz: "More than two-thirds of Republicans believe that the election was stolen."Swisher: "So it's working. This 'Big Lie' thing is working."Luntz: "It is working. ... What Donald Trump is saying is actually telling people it's not worth it to vote. Donald Trump single-handedly may cause people not to vote. And he may be the greatest tool in the Democrats' arsenal to keep control of the House and Senate in 2022."The big picture: "If Donald Trump runs for president as a Republican, he's the odds-on favorite to win the nomination," Luntz added. "He could never win a general election, but I can't imagine losing a Republican primary. ... I would bet on him to be the nominee and I would bet on him losing to whatever Democratic nominee there was."Listen up.Like this article? Get more from Axios and subscribe to Axios Markets for free.
- Business Insider
Melinda Gates was upset and uncomfortable after she and Bill Gates met with Jeffrey Epstein, The Daily Beast reports
Sources told The Daily Beast that Bill Gates' relationship with convicted sex offender Jeffrey Epstein "still haunts" Melinda.
DeGeneres shut down speculation that she was living with the "Friends" star because of "marital troubles."
- The Independent
‘I’m a vet ... f*** you all!’: Capitol riot suspect screams at judge and disconnects call during wild hearing, report says
Attempts to mute defendant were unsuccessful and he may face competency hearing and detention