The government’s jobs report Friday will show an increase of 225,000 in July, close to June’s 223,000 gain, with the unemployment rate holding at 5.3 percent, according to economists surveyed by Bloomberg.
Federal Reserve policy makers have expressed a desire to see signs of a further pickup in the labor market before raising interest rates.
Fed Bank of Atlanta President Dennis Lockhart said the central bank is almost ready to raise borrowing costs. Lockhart, a voting member of the Federal Open Market Committee, told the Wall Street Journal in an interview published Tuesday that it would take significant deterioration in economic data to convince him to put off increasing borrowing costs next month.
The Chicago Board Options Exchange Volatility Index rose 3.5 percent Tuesday to 13. The gauge, known as the VIX, in July posted its biggest monthly drop since February, down more than 33 percent.
Intel Corporation (NASDAQ:INTC) finished last trade at $29.13, gaining +0.08%. Trading volume recorded for this company was about 25.74 million shares as compared to its average volume of 35.84 million shares. The share price rushed almost 1.48% in the last one month while its 52 week high is $37.90. The company has the total of 4.75B outstanding shares while its market capitalization is now about $138.10B. Intel Corporation (NASDAQ:INTC) declared the Intel Capital Diversity Fund, which will invest in technology startups run by women and underrepresented minorities. Also unveiled were the fund’s first investments in four companies led by inspiring trailblazers. The largest of its kind, the fund totals about $125 million, and investments will cover a broad spectrum of innovative industries.
Recently’s news follows the January declarement of Intel’s Diversity in Technology initiative, designed to encourage more diversity at Intel and within the technology industry at large. Intel has declared its intent to achieve full representation of women and underrepresented minorities in its U.S. workforce by 2020.
Twitter Inc (NYSE:TWTR) closed at $29.34, up +0.07%, on volume of over 21.90 million shares. The share price fell -6.08% in the last 5 days. The company has an average trading volume of 22.79 million shares. In the time frame of the last one month, shares dropped almost -6.38%. Its market capitalization was $19.17B. Twitter Inc (NYSE:TWTR) works as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
Sunedison Inc (NYSE:SUNE) traded with +0.05% gain momentumto $22.45 in the latest trading session It captured $6.15B in market value. The total number of shares traded on the latest trading day was about 16.27 million shares. The day started out with an opening price of $22.26 and changed hands at price range of $21.43 to $22.82 apiece. Sunedison Inc (NYSE:SUNE) the world’s largest renewable energy development company, recently declared that it has signed a long-term power purchase agreement with Tata Power Delhi Distribution Limited (TPDDL) to provide 180 megawatts (MW) AC of utility-scale solar power for the people of New Delhi. TPDDL is the largest electricity distribution utility in Delhi, and provides power to over 6 million people in India’s capital city. This is the largest agreement that SunEdison has signed under the open access solar framework, which allows renewable energy providers to sell energy directly through the national grid to end customers.
The solar power plants for this project will be built in Madhya Pradesh and are predictable to supply TPDDL with electricity over the next 20 years. The plants are projected to generate 375,000 megawatt-hours a year, and eliminate the emission of about 300,000 metric tons of carbon dioxide per year, equivalent to taking more than 54,000 cars off the road.
Bank of America Corp (NYSE:BAC) shares touched a high of $17.93 before closing at $17.80, an increase of +0.03%. The trading volume was 69.74 million shares. Its shares advanced about 2.82% since the start of year and has at 1.36% gain momentum in last three months. Bank of America Corp (NYSE:BAC) through its auxiliaries, provides banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, large corporations, and governments worldwide. The company operates through Consumer & Business Banking; Consumer Real Estate Services; Global Wealth & Investment Administration; Global Banking; Global Markets; and Legacy Assets & Servicing segments. It offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, in addition to credit and debit cards; and lending related products and services, working capital administration, and treasury solutions.