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Business News

Location American Business News for 15 January 2021

Hot-Girl Shit

The New Yorker - 15 Jan 2021 21:06
Hot-Girl Shit What could that mean?
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With Vaccines Arriving, Value Investors Try for a Comeback

The New York Times - 15 Jan 2021 16:30
With Vaccines Arriving, Value Investors Try for a Comeback After years of lagging performance, practitioners of an old approach to investing are hoping their time is nigh.
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The Stock Market's Perplexing Rise Lifted Many Kinds of Funds

The New York Times - 15 Jan 2021 14:00
The Stock Market's Perplexing Rise Lifted Many Kinds of Funds Diverse investing styles yielded winners, with funds investing in Latin American, clean energy and value stocks all toting up big gains.
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Mark Hulbert on replicating mutual funds via exchange traded funds.
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U.S. wholesale prices rose in December mostly because of an increase in the cost of gasoline, but there was little evidence of rapidly building inflation in the innards of the economy. The producer price index increased ...
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Bloomberg's Big Challenger Can't Afford to Slip

Wall Street Journal - 15 Jan 2021 16:41
Investors have high hopes for the new financial-data giant created by the imminent merger of London Stock Exchange Group and Refinitiv.
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Citigroup's earnings per share of $2.08 far exceeded Refinitiv estimates of $1.34.
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JPMorgan Chase's fourth-quarter earnings per share of $3.79 beat the Refinitiv estimate of $2.62.
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Snapchat is shelling out millions to young users to create viral content in an effort to compete against TikTok Snapchat told the New York Times that it is "distributing over $1 million" every day to users to create popular videos on its platform.
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Banks are starting to release their rainy-day reserves, giving their earnings a boost. JP Morgan Chase, Citigroup and Wells Fargo have begun to pare back the enormous reserves they had socked away in case of an economic disaster.
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The agreement is subject to creditor acceptance.
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Sustainable Seafood Wholesaler Seizes The Moment To Embrace Direct-To-Consumer Sales As sales to restaurants faltered and consumer interest in buying online soared. a San Diego sustainable seafood company sped up plans to start a direct-to-consumer company during the pandemic.
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Cumulus Digital Systems, whose SaaS platform monitors industrial data, will announce an $8 million funding round later today.
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Stocks lose ground Friday after President-elect Joe Biden announced a $1.9 trillion COVID-19 relief plan and investors prepared for the kickoff of corporate earnings season.
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Strong trading and investment banking fees also contributed to a 42% increase in profit to $12.1 billion in the fourth quarter.
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JPMorgan Quarterly Profit Jumps 42%

Wall Street Journal - 15 Jan 2021 14:57
The nation's biggest bank posted its highest-ever quarterly profit after releasing funds it had set aside to cover soured loans. Still, the CEO said it remains positioned for significant near-term economic uncertainty.
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Why Wheaton Precious Metals Stock Looks Undervalued Despite 100% Move Despite doubling from its March lows of 2020, at the current price of $43 per share, Wheaton Precious Metals stock is still quite undervalued and has the potential to offer healthy returns to its investors. WPM's stock h...
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Is Twitter's Stock Move Overdone?

Forbes - 15 Jan 2021 13:00
Is Twitter's Stock Move Overdone? Having grown by 47% since the end of 2019, Twitter's stock seems to be overvalued at the current price. TWTR's stock grew from $32 at the end of 2019 to $47 now, compared to the S&P 500 which gained 17% since end of 2019...
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Climate disasters in the US broke records in 2020. Scientists may now know why: Earth was the hottest it has ever been. 2020 was likely the hottest year ever on Earth. A warming climate is linked to more intense hurricanes and wildfires, among other disasters.
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Wells Fargo records rare profit beat as credit costs fall WellsFargo posted a small rise in quarterly profit Friday that beat Wall Street estimates, as stabilizing credit costs helped buffer historic near-zero interest rates meant to prop up the ailing economy during the COVID-...
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Stacks announces major partnerships following mainnet launch Foundry Digital and Blockdaemon are backing the launch of Stacks 2.0.
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55% of the 1,059 respondents said the trial should happen immediately before Trump's term ends, but differed about the timing of the conviction vote.
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