Happy Wednesday, everyone. Today is July 15th and The Dow popped 2%, notching its best day this month. S&P 500 futures climbed 1.4%. Nasdaq-100 futures rose 0.8%. As at-home connected fitness continues to gain popularity, a new at-home workout machine was introduced for boxers, Liteboxer. Chipotle pledges to hire 10,000 new workers as it moves along in its re-opening phases and consumer appetite for cars and homes soared during the coronavirus pandemic.
Stock futures popped Wednesday on the back of positive vaccine news from Moderna and a blowout quarter from Goldman Sachs. Futures on the Dow Jones Industrial Average jumped 527 points, or 2%. S&P 500 futures climbed 1.4%. Nasdaq-100 futures rose 0.8%.
In the vein of increasingly popular at-home connected fitness machines like Peloton, Mirror, and Hydrow, boxing fans now have an option when it comes to getting a good workout in at home. Liteboxer is launching today with a platform that was built from the ground up to give users the chance to get an exciting boxing workout at home.Liteboxer works with expert boxing trainers to provide a guided workout, which is led both by the lights and by voice/music via an app that can run on iOS or Android. The unit is also equipped with force sensors to give users metrics around force, timing, and accuracy on their workout, allowing them to see their progress over time.
Chipotle Mexican Grill has pledged to hire 10,000 workers over the next several months.The chain’s “Chipotlanes” require 50% more labor. Millions of restaurant workers have lost their jobs due to the pandemic.
The U.S. has reported an average of about 62,210 new cases per day over the past seven days, more than triple the average just a month ago. Texas, California and Florida accounted for a total of 31,847 new cases on Tuesday, nearly half of all new cases reported across the country. With new cases surging, especially in so-called hot-spot states across the South and West, the country’s testing infrastructure is struggling to keep up.
Consumers have continued spending on big-ticket items such as vehicles and homes during the coronavirus pandemic, helping support the U.S. economy as it battles a surge in cases and renewed business shutdowns.Historically low interest rates are luring in auto and home buyers with higher incomes than service-sector workers hardest-hit by pandemic