Business News
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The New Yorker - 15 Jan 2021 21:06With Vaccines Arriving, Value Investors Try for a Comeback
The New York Times - 15 Jan 2021 16:30
After years of lagging performance, practitioners of an old approach to investing are hoping their time is nigh.
The Stock Market's Perplexing Rise Lifted Many Kinds of Funds
The New York Times - 15 Jan 2021 14:00
Diverse investing styles yielded winners, with funds investing in Latin American, clean energy and value stocks all toting up big gains.
MarketWatch Premium: What if you could clone your investment adviser and save money? Well, now you can
Market Watch - 15 Jan 2021 16:37
Mark Hulbert on replicating mutual funds via exchange traded funds.
Economic Report: Higher gas prices drive up U.S. wholesale inflation
Market Watch - 15 Jan 2021 16:27
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 ...
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.
Citigroup beats analysts' profit estimates as bank releases money set aside for loan losses
CNBC - 15 Jan 2021 16:00
Citigroup's earnings per share of $2.08 far exceeded Refinitiv estimates of $1.34.
JPMorgan beats profit estimates on better-than-expected credit, record trading revenue
CNBC - 15 Jan 2021 15:57
JPMorgan Chase's fourth-quarter earnings per share of $3.79 beat the Refinitiv estimate of $2.62.
Snapchat is shelling out millions to young users to create viral content in an effort to compete against TikTok
Business Insider - 15 Jan 2021 18:19Banks are starting to release their rainy-day reserves, giving their earnings a boost.
The New York Times - 15 Jan 2021 16:30
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.
Mt. Gox Creditors Can Claim 90% of Bitcoin Left in Bankruptcy: Bloomberg
Coin Desk - 15 Jan 2021 21:08
The agreement is subject to creditor acceptance.
Sustainable Seafood Wholesaler Seizes The Moment To Embrace Direct-To-Consumer Sales
Forbes - 15 Jan 2021 19:26Cumulus Digital Systems raises $8 million to expand data monitoring for industrial facilities
Venture Beat - 15 Jan 2021 22:06
Cumulus Digital Systems, whose SaaS platform monitors industrial data, will announce an $8 million funding round later today.
Market Snapshot: U.S. stocks mostly lower as big banks kick off earnings season, Biden announces new aid plan
Market Watch - 15 Jan 2021 16:43
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.
JPMorgan Chase releases $3 billion of credit reserves, beats profit estimates
American Banker - 15 Jan 2021 15:06
Strong trading and investment banking fees also contributed to a 42% increase in profit to $12.1 billion in the fourth quarter.
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.
Why Wheaton Precious Metals Stock Looks Undervalued Despite 100% Move
Forbes - 15 Jan 2021 14:30Is Twitter's Stock Move Overdone?
Forbes - 15 Jan 2021 13:00Climate disasters in the US broke records in 2020. Scientists may now know why: Earth was the hottest it has ever been.
Business Insider - 15 Jan 2021 23:06Wells Fargo records rare profit beat as credit costs fall
New York Post - 15 Jan 2021 20:49
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-...
Stacks announces major partnerships following mainnet launch
Coin Telegraph - 15 Jan 2021 19:00
Foundry Digital and Blockdaemon are backing the launch of Stacks 2.0.
A majority of Americans think Trump's impeachment trial in the Senate should happen immediately, a new Insider poll shows
Business Insider - 15 Jan 2021 17:53
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.