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Business News

Location American Business News for 30 December 2020
The Best Thing Washington Did For Former Quarterback Dwayne Haskins Jr. Was Let Him Go Dwayne Haskins' release was both abrupt and overdue, especially because members of Washington's front office staff reportedly did not want to draft the QB in the first place.
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The billionaire CEO of Paycom just paid $26.5 million for a beachfront Malibu mansion that took 12 years to build and blends into the rocks. Take a look inside. The former owners, an attorney and a skincare entrepreneur, paid $2 million for the property in 2000 and spent 12 years building the unique house.
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Legendary windsurfer Robby Naish asks $18 million for Hawaii estate Windsurfing icon Robby Naish is offering up his slice of paradise in Hawaii, asking $18 million for his 73-acre compound overlooking the ocean.
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The Lesson Of 2020: Don't Bother With Predictions For 2021 Perhaps the best lesson we can take from 2020 is that we don't know what will happen in 2021.
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Stocks Won't Behave Like Most People Think In 2021 If you're making buy decisions based on the daily gyrations of the S&P 500, you're setting yourself up for big losses.
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5 Tips For Seizing One Of The Greatest Investment Opportunities Of Our Lifetime Most financial advisors would tell you to invest in publicly traded companies or mutual funds, but both are heavily overvalued right now. Thankfully, there's a better alternative out there: buying a small business.
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New Army of Individual Investors Flexes Its Muscle

Wall Street Journal - 30 Dec 2020 14:00
More than 10 million new brokerage accounts were opened in 2020 as individuals piled in to bet on stocks.
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More Than 2.5 Million People Have Already Voted In Next Week's Georgia Senate Runoffs Voter turnout stands at 33% so far, with six days to go before two elections that will determine which party controls the U.S. Senate.
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Triad Business Bank opened in North Carolina shortly before the launch of the Paycheck Protection Program, which brought in many clients. CEO Ramsey Hamadi, one of our community bankers to watch in 2021, will have to wor...
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Wells Fargo Is Trading Close To Its Fair Value After a meager growth of around 20% since the March bottom, Wells Fargo stock is still down more than 40% YTD. Trefis estimates Wells Fargo's valuation to be around $29 per share - slightly below the current market price...
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BlackRock Stock Rally Is Unsustainable

Forbes - 30 Dec 2020 14:30
BlackRock Stock Rally Is Unsustainable After gaining more than 100% since the March 23 lows of this year, at the current price of around $710 per share we believe BlackRock stock has achieved its near-term potential. BlackRock, the world's largest asset manag...
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What's in the stimulus package for small businesses, PPP loans and cultural grants This may be the last congressional help that comes to small businesses.       
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Does Costco Stock Still Have More Upside?

Forbes - 30 Dec 2020 14:00
Does Costco Stock Still Have More Upside? Despite an almost 24% rise since the beginning of this year, at the current price of around $365 per share, we believe Costco's stock still has more to go. The warehouse club operator has clearly benefited from accelerat...
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The Puzzle Inventor Who Makes Math Beautiful

The New Yorker - 30 Dec 2020 13:00
The Puzzle Inventor Who Makes Math Beautiful The math teacher at the center of "Miyamoto and the Machine" believes that a well-crafted puzzle can tell a story in numbers.
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As COVID-19 cases surge in Los Angeles, hospitals are running out of oxygen COVID patients typically need upwards of ten times the amount of oxygen that other patients require.
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'I've heard of one case where a young adult purchased a new used car with cash. Another one is approaching the $13,000 mark in savings from unemployment.'
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Where Does Big Oil Fit Into Biden's Plan For Net-Zero Emissions By 2050? Biden's plan aims to "Ensure the U. S. achieves a 100% clean energy economy and reaches net-zero emissions no later than 2050."
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3 Big Closed-End Fund Dividends Ranked Worst To First As contrarians, we know we need to buy when everyone's selling. Because that's when we get outsized gains.
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First U.S. Case Of New Covid Mutation Discovered In Colorado Researchers believe the variant, which emerged in the United Kingdom earlier this month, is 56% more contagious than other versions of the virus.
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The US has confirmed its first case of the new, more transmissible coronavirus strain in Colorado The new variant appears to be more transmissible than its predecessors, but there's no reason to believe it's more deadly.
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Democracy Demands a Say in the Future of Money

Coin Desk - 30 Dec 2020 23:19
The U.S. Treasury's decision to impose know-your-customer rules to private cryptocurrency wallets is flawed in more ways than one.
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Coinbase Sued for Allowing the Sale of XRP

Coin Desk - 30 Dec 2020 22:11
A man from Missouri is filing a suit against Coinbase for its sale of XRP, a California court filing reveals.
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