I heard that Rolls Royce's first electric plane completed its maiden flight in the UK. It's, of course, a good thing. But I bet it would take more than 20 years for electric planes to undertake commercial flights.
Are $Boeing (BA.US)$ and $AIRBUS SE (EADSF.US)$ making electric aircrafts? Will plane tickets be cheaper or more expensive for the electric planes? Are they safe enough?
I would say the concept is good but, I personally won't risk taking electric planes. I mean, aircrafts are not like cars which can be parked somewhere when they are out of power.
And what are the impacts on airline companies? I'm still waiting for $American Airlines (AAL.US)$, $United Airlines (UAL.US)$, $Delta Air Lines (DAL.US)$ and $Southwest Airlines (LUV.US)$ to gain!

I mean, 2 years ago, everything's different. You don't have COVID, you don't have lockdowns all over the world. For me, I would definitely travel more and party more often.
BUT!!!! I would never forget the stock market. Back then, there are also no such thing as meme stocks. Nobody seems to care about $AMC Entertainment (AMC.US)$, $GameStop (GME.US)$ and $Cameco (CCJ.US)$. Moreover, big tech stocks are so much cheaper 2 years ago than they are now!
Thus, I guess I would yolo meme stocks and ask my parents to buy FAAMG.
$Apple (AAPL.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$

The tech sector is definitely the winner since the pandemic. $Apple (AAPL.US)$ surged 82% in 2020 and has gained 10% in 2021. $NVIDIA (NVDA.US)$ more than doubled itself in 2020 and has advanced 68% in 2021.
However, I think these tech stocks are already too expensive. Well, I'm sure tech companies are the future. But it's not good timing to buy tech stocks. Everything is so expensive! I have no idea what I could buy.
$Tesla (TSLA.US)$ $Alphabet-A (GOOGL.US)$ $Amazon (AMZN.US)$

Asian stocks set for steady start; Treasuries slip
Asian stocks looked set for a steady open Friday as traders weighed risks from China to the global recovery. Treasury yields rose and the dollar stayed higher following surprise strength in U.S. retail sales.
Futures edged up in Japan and Hong Kong but dipped in Australia, while S&P 500 and Nasdaq 100 contracts slipped. U.S. stocks closed mostly lower after swinging between gains and losses ahead of Friday's quarterly expiration of options and futures, which can trigger volatility.
U.S. Steel to build $3 billion mill with record rally enduring
US Steel Corp will spend about $3 billion to build a new mill, the latest sign that steelmakers are growing more comfortable that higher prices will last. U.S. Steel's comes as domestic futures prices have more than tripled in the past year.
While this has produced a windfall for domestic suppliers, its driving up the cost of everything from automobiles to wind turbines to kitchen appliances as the world recovers from the pandemic.
Retail sales post surprise gain as consumers show strength despite delta fears
Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday.
Retail sales rose 0.7% in August versus expectations for a 0.8% decline. Excluding autos, sales increased 1.8% versus the Dow Jones estimate for a 0.1% gain. Weekly jobless claims increased to 332,000 versus the estimate for 320,000.
Rising shipping costs are companies' latest inflation riddle
Transportation costs—typically a fraction of a finished product's price—are emerging as another supply-chain hurdle, overwhelming some companies already paying more for raw materials and labor.
"I think the inflationary pressures are being juiced by the surge in transportation costs," said Mark Zandi, chief economist at Moody's Analytics. Using rough estimates, he said that consumer prices have risen 5.3% in the past year and that transportation costs contributed about 10% of that rise.
Elon Musk's SpaceX launches first all-civilian flight to orbit
Musk's SpaceX on Wednesday evening launched four civilians toward the deepest orbit Americans have traveled to in more than a decade, in another milestone flight for private space travel. The capsule is slated to return to Earth after about three days, splashing down off the coast of Florida.
The space flight Wednesday marks new terrain for a commercial space industry that has attracted entrepreneurs and investors who are betting on an expanding set of business opportunities beyond Earth.
The iPhone 13 is already showing strong early sales in China, local media reports say
More Chinese consumers are rushing to order $Apple (AAPL.US)$’s latest iPhone now than last year, according to a South China Morning Post report published Thursday. More than 2 million pre-orders have been placed for the iPhone 13 through Apple’s official store on $JD.com (JD.US)$, the paper reported. That's compared with last year's 1.5 million pre-orders of the iPhone 12 on the same site, it added.
Goldman follows Cathie Wood's Ark with new tech-focused active ETF
Wall Street bank Goldman Sachs has launched an actively managed equity fund that will bet on emerging technology companies, following a trail blazed by the blockbuster success of Cathie Wood's Ark Invest.
Goldman Sachs Asset Management said on Thursday its $GOLDMAN SACHS FUTURE TECH LEADERS EQUITY ETF (GTEK.US)$ will own 60 to 80 listed global tech names that have a market capitalisation of less than $100bn. The ETF will focus on emerging chipmakers, software, financial technology and cyber security groups.
Big Tech's buyback bonanza demands closer attention
$Microsoft (MSFT.US)$ earmarked $60bn this week to buy back its own stock. The software company's recent repurchases already put it on pace to exhaust the money in little more than two years.
Yet tech's buyback bonanza demands closer attention at a time when big new tech markets have been opening up. Much of corporate America is under fire for diverting its spare cash into share repurchases, rather than increasing investment and risk-taking. For all but the richest tech companies, the same concerns are hard to ignore.
Source: Bloomberg, WSJ,CNBC, Financial Times

Stocks decline as Nasdaq fades from record
Stocks fell Wednesday on investors' concerns that Covid-19 cases remain elevated and uncertainty about when central banks may dial back easy-money policies. The $S&P 500 Index (.SPX.US)$ declined 5.96 points or 0.1%, to 4514.07. The $Dow Jones Industrial Average (.DJI.US)$ retreated 68.93 points, or 0.2%, to 35031.07. Meanwhile, the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ fell 87.69 points, or 0.6%, to 15286.64 as large technology stocks dropped.
Stocks have lost steam in recent days as investors assessed the rise in coronavirus cases and a weaker-than-expected jobs report on Friday. Money managers are awaiting fresh cues from the Federal Reserve and the European Central Bank about how signs of a slowing economic recovery and high inflation levels may influence their plans to taper monetary stimulus.
U.S. economic growth slowed over the summer due to delta ariant, Fed's beige book says
The U.S. economic recovery slowed and prices continued rising over the summer as a resurgence of Covid-19 cases linked to the Delta variant led consumers to pare back spending and persistent supply chain problems hampered businesses, the Federal Reserve said in a report Wednesday.
"The deceleration in economic activity was largely attributable to a pullback in dining out, travel, and tourism in most Districts, reflecting safety concerns due to the rise of the Delta variant," the report said. The report, known as the Beige Book, collects anecdotes from businesses around the country.
Sea Ltd. falls after $6.28 billion offering, biggest of 2021
$Sea (SE.US)$ announced today a proposed registered underwritten public offering (the "ADS Offering") of American Depositary Shares ("ADSs"), each representing one Class A ordinary share, par value $0.0005 per share, of the Company.
The Company proposes to offer 11,000,000 ADSs in the ADS Offering, subject to market and other conditions. The overall offering value amounts to $6.28 billion, being the biggest of 2021. Stock fell 3% post-market.
GameStop falls more than 7% despite posting narrower loss and rising sales
$GameStop (GME.US)$ fell more than 7% in extended trading Wednesday even after the retailer posted a narrower loss than last year. For the quarter ended July 31, the company reported a net loss of $61.6 million, or 85 cents per share. In the year-earlier period, GameStop reported a loss of $111.3 million, or $1.71 per share. On an adjusted basis, GameStop lost 76 cents per share.
The SEC requested additional documents from GameStop in the agency’s investigation of trading activity in GameStop and other companies.
Lululemon shares surge on earnings beat, hiked outlook as shoppers spend on workout apparel
$Lululemon Athletica (LULU.US)$ shares surged more than 13% in extended trading Wednesday after the athletic apparel maker reported fiscal second-quarter profit and revenue that topped analysts’ expectations. In its fiscal second quarter, sales in North America rose 63% year over year and were up 49% internationally.
Based on its current forecast, Lululemon is now on track to surpass its 2023 revenue target by the end of this year, two years ahead of schedule.
Coinbase shares fall after it reveals SEC plans to sue over interest-earning product
Shares of $Coinbase (COIN.US)$ fell 3.2% on Wednesday.
Coinbase has received notice of a possible enforcement action from the SEC related to its interest-earning product called Coinbase Lend, which the company had planned to launch in the coming weeks.
Bill Gates vehicle buys $2.2bn stake in Four Seasons from Saudi royal
Bill Gates has cemented his control of the Four Seasons luxury hotel group in a $2.2bn transaction with a Saudi royal that marks the technology billionaire's first big deal since he split his fortune with Melinda French Gates earlier this year.
Prince Alwaleed's Kingdom Holdings vehicle said it expected to realise a gain of $1.6bn on the 24 per cent stake that it is selling.
For Allbirds, Warby Parker, other fall IPOs, greed is out. Do-gooding is in.
The hottest companies launching IPOs are branding themselves as do-gooders. Companies use their noble mission as a way to both atrract funds and talents.
A new generation of companies, including startups such as Rent the Runway Inc., Chobani LLC, Warby Parker Inc. and Allbirds Inc., are on tap to go public this fall, people familiar with the matter say. They will be doing it with this message: It isn't just about the money. It is also about the mission.
"It's the wave of the future," said Ken Wallach, co-head of the global capital-markets practice at Simpson Thacher & Bartlett LLP. "It's everything from raising capital from like-minded investors to competition for millennial talent."
Source: WSJ, CNBC, Financial Times