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Business News

Location American Business News for 27 December 2020
New fiscal support will set up an economic boom in the second half of 2021, Evercore analysts say "The current fiscal package is large enough to make a significant difference for individuals," Evercore analysts said.
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Investors Double Down on Stocks, Pushing Margin Debt to Record

Wall Street Journal - 27 Dec 2020 16:00
Some investors, tempted to chase bigger gains, are borrowing against their investment portfolios, pushing margin balances to the first record in more than two years.
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Millions face eviction, poverty as unemployment benefits expire with COVID-19 relief bill in limbo Millions of jobless Americans lost a vital economic lifeline after two unemployment programs lapsed with the COVID-19 relief bill in limbo.       
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US Regulator Sues Crypto Hedge Fund Founder -- $25 Million in Digital Assets to Be Frozen The U.S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto h...
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Upcoming Webinar Prepares Small Businesses for When It Hits the Fan This year sure did present a host of challenges for small business owners but an upcoming webinar wants to get you prepared for what might come next.
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In California, little robot cars will deliver pizza, groceries, and medicine as a paid service in 2021 for the first time Nuro has an official stamp of approval to start its paid delivery service with autonomous vehicles, according to California DMV.
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2020 Was One of the Worst-Ever Years for Oil Write-Downs

Wall Street Journal - 27 Dec 2020 16:00
Oil-and-gas companies in North America and Europe wrote down roughly $145 billion combined in the first three quarters of 2020, the most for that nine-month period since at least 2010.
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Second stimulus check updates: Unemployment benefits for millions of Americans expire as Trump refuses to sign COVID-19 relief bill The fate of the bipartisan package remained in limbo Sunday as Trump continued to demand larger COVID relief checks and complained about "pork" spending.
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SEC Lawsuit: Tierion to Refund Investors From Its $25 Million Token Sale The U.S. Securities and Exchange Commission (SEC) has taken action against another startup in the crypto space for selling unregistered securities. Tierion, which raised $25 million in a token sale, has agreed to “retu...
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Sanders Calls Trump's Stimulus Hold Up 'Cruel,' Urges Him To Sign Bill 'Immediately' Amid Looming Shutdown "The suffering in this country will be immense," if President Trump doesn't sign the stimulus bill sitting in Mar-a-Lago "today," Sanders said Sunday.
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Bhutani says you can achieve success by finding ways to set yourself apart, leveling up from past experiences, and being flexible and open to change.
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China Tells Ant to Refocus on Payments Business

Wall Street Journal - 27 Dec 2020 15:31
Financial regulators order Jack Ma's Ant Group to switch its focus back to its mainstay payments business and rectify problems in faster-growing areas such as personal lending, insurance and wealth management.
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Zero to $318,000: Proponents and Detractors Give a Variety of Bitcoin Price Predictions for 2021 While bitcoin has jumped well above the $26,000 zone, a number of crypto proponents are extremely bullish for the crypto asset’s performance in 2021. During the last year, a number of pundits, experts, luminaries, and ...
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Strategists aren't eager to balk at the notion that the bull market in stocks is getting exhausted and are offering expectations for solid year-end gains and in some cases, projecting eye-popping rallies for the market i...
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15 Concerning Charts About The Job Market

Forbes - 27 Dec 2020 22:14
15 Concerning Charts About The Job Market The unemployment picture is not pretty when you dig into the details.
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Will These Three Stocks Lead The Market In 2021? As 2020 draws to a close the fact that just three stocks had an outsized contribution to the S&P 500 performance is a concern to some veteran analysts. The Viper Report's Tom Aspray takes a technical look at IWM, SPY, an...
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Stocks This Week: Buy The DJIA, Gold, And Oil The stock market is likely to rise through the first week in January.
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Covid Upended Americans' Finances in Unexpected Ways

Wall Street Journal - 27 Dec 2020 17:00
With the benefit of hindsight, it is becoming clear just how much the 2007-2009 recession shaped the coronavirus recovery.
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How To Social Distance From 3 Worn Out Investment Concepts The investment industry has a way of taking a good idea, and over-simplifying it to make a sale. Concepts like "Asset Allocation," "diversification" and "long-term investing" are the mantras of many investors and their f...
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Here Are The Biggest Billionaire Scandals Of 2020 Some of the world's richest people were involved in shocking predicaments this year, including a ridiculously small tax bill, fabricated coffee sales, attempts to escape Jeffrey Epstein's long shadow and a tussle with Ch...
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A side effect of the Fed's medicine for the pandemic-stricken U.S. economy was to create conditions ideal for the rise of cryptocurrencies.
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Michelle Obama Bought Barack An Original Valentino Dixon Drawing For Christmas Buffalo based golf artist Valentino Dixon's stock goes up after one of his works ends up under the Obama Christmas tree
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