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Business News

Location American Business News for 5 January 2021
"It's really going to reduce the real estate footprint that companies have," Snowflake CEO Frank Slootman told CNBC.
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'Frenzy' in Illinois real estate means more homebuyers are putting in same-day offers. Here are 7 tips to help you prepare. Low interest rates and plummeting inventory have Illinois homebuyers making same-day offers, but steps like getting preapproval letters are vital.
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PPP loans, grants

USA Today - 5 Jan 2021 00:31
Stimulus for small biz       
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LCX has been granted eight out of the 11 crypto-related licenses in Liechtenstein.
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Suga From BTS Joins Blackpink, Monsta X And Psy In A Major Coup On Billboard's Pop Songs Chart Only five musicians from South Korea have landed a hit on the Pop Songs chart.
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Running in a Blizzard: Where Stakeholder Capitalism Is Headed in 2021 It has long felt like we can't see more than a step ahead. But we've continued to push forward, and we're confident that stakeholder capitalism is primed to enter its next stage in 2021.
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Current Bitcoin 'Mania' 'Unsustainable', Long-Term Target - Over USD 146K - JPMorgan The valuation and position backdrop has become a lot more challenging for the most popular cryptocurrency, bitcoin (BTC), on the first days of 2021, but the above-USD 146,000 theoretical price target should be considered...
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Lenders to small landlords brace for credit losses

American Banker - 5 Jan 2021 04:00
The recent stimulus law's relief for renters and extension of the federal eviction ban were meant to ward off a housing crisis. But owners of 1- to 4-unit dwellings still face mounting mortgage and property tax debts, an...
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How to Fix the Housing Bias That Warps Investment Decisions

Wall Street Journal - 5 Jan 2021 17:34
Overinvestment in property is incentivized by effective subsidies and favorable treatments in the tax system that governments could try harder to withdraw.
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U.S. Stock Futures Tick Higher Ahead of Georgia Elections

Wall Street Journal - 5 Jan 2021 12:37
The S&P 500 is on track for muted gains after dropping sharply on Monday amid rising concern that the coronavirus pandemic will slow or halt the economic recovery.
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The US Dollar's Share of Global Reserve Currencies Drops as Japanese Yen's Share Increases The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar�...
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SVB to pay $900 million for Boston Private

American Banker - 5 Jan 2021 00:35
The California company, which focuses on technology companies and entrepreneurs, will make a big push into wealth management as part of the proposed acquisition.
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Fluffy Valuation Dogs The Big Board

Forbes - 5 Jan 2021 23:44
Fluffy Valuation Dogs The Big Board Nobody cares to deal with the pricey market selling pretty near 20 times earnings power for the New Year. Assume the S&P 500 Index earns around $160 a share, its pre-Covid-19 level which we see normalized by mid-2021.
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Healthcare Stock Ready For Fresh Highs In 2021 Tech platform Change Healthcare (CHNG) enjoyed a sizable rally during the second half of 2020, steadily chugging past its pre-pandemic peak in mid-November to notch a Dec. 23 all-time-high of $19.08.
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World Bank Warns Stimulus Spending And 'Dangerous' Debt Crisis Could Trigger Recession And Wipe Out A Decade Of Income Gains "For some countries, it's a red alert," the World Bank President said Tuesday.
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World Bank Warns Stimulus Spending And 'Dangerous' Debt Crisis Could Could Trigger Recession And Wipe Out A Decade Of Income Gains "For some countries, it's a red alert," the World Bank President said Tuesday.
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Oil Prices Rise On 'Surprise' Saudi Production Cut, But Can The Rally Last? The Saudis said the 1 million bpd cut is a gift "to support the market" but it looks more like capitulation to a Russian oil ministry that drove a hard bargain.
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Treasury Yields Rise Ahead of Georgia Election Results

Wall Street Journal - 5 Jan 2021 21:07
U.S. government-bond yields also got a lift from positive economic data on the country's manufacturing sector.
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Oil Rebounds Above $50 For The First Time In Months As Saudi Arabia Says It Will Cut Production By 1 Million Barrels A Day Traders are optimistic, but the oil market isn't out of the woods yet.
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1 High-Growth UK Share You Should Buy This January This e-commerce giant attracted 233.4m visits in August. Here's why it's one of the hottest UK growth shares to buy today.
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There's no one answer to when the COVID-19 vaccine will be available. Instead, there are fifty.
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For Manufacturers, a Different Sort of Recession

Wall Street Journal - 5 Jan 2021 19:26
Past recessions have badly hobbled manufacturers. This time, they may emerge in better shape.
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