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Investors are gearing up for the biggest earnings week of the summer.  About 165 S&P 500 companies are due to report in the biggest week of the season. Tech heavyweights like Alphabet, Amazon, Apple, Facebook, and Microsoft will take the spotlight, with the five companies comprising more than a fifth of the total market cap of the S&P 500. The results should illustrate how large businesses are withstanding the pandemic and a recent uptick in inflation.


Initial public offerings have come roaring back, on track for a record year as companies race to go public in a stock market at all-time highs.  Proceeds from U.S. IPOs have reached $89 billion in 2021, a 232% jump from the same period last year, according to data from Renaissance Capital. For the year-to-date period, the market is already at a record level in terms of funds raised, and it is expected to surpass the full-year all-time high of $97 billion raised in 2000 amid the dot-com boom, according to Renaissance.

China has begun a sweeping overhaul of its $100bn private education industry will eliminate foreign investors from much of the sector and threatens to wipe out billions of dollars of investment from groups such as BlackRock, Baillie Gifford, Tencent, Sequoia and SoftBank’s Vision Fund. The regulations will ban companies that teach school curriculum subjects from making profits, raising capital or listing on stock exchanges worldwide. 


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