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Market News

Location American Market News for 21 August 2020
Big Tech Growth Surges Despite Government Scrutiny Even during a pandemic, with the economy contracting over 30 %, the four companies reported $773 billion combined revenue annualized to date.
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Small-Business Owners: Don't Forget Special Pandemic Tax Breaks

Wall Street Journal - 21 Aug 2020 11:30
Whatever shape your business is in, here are tax moves to consider now.
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Online Betting Is on a Roll. Time to Cash in Some Chips.

Wall Street Journal - 21 Aug 2020 11:30
Shares of the leading online sports betting companies have skyrocketed as investors wager on the future of wagering.
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The Housing Market Isn't Booming For Everyone: Four Numbers That Sum It All Up Many see the housing market's performance as a sign the economy is on the right track, but the recovery isn't being felt by all Americans.
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S&P 500 Hits Another Record Closing High After Strong Economic Data The Dow also rose nearly 200 points.
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Harvard Board Gains Backers of Fossil Fuel Divestment

Wall Street Journal - 21 Aug 2020 21:28
A group of alumni opposed to the fossil-fuel industry won three seats on the college's Board of Overseers, as part of a campaign to force Harvard's $40 billion endowment to drop its oil and gas investments over climate c...
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New Market Records, Same Story -- Just More Levered Up Naturally, there will be cynics and naysayers about the incredible rally off the March low - and indeed, we do live in odd times.
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Can Biden Fix Climate Change With $1.3 Trillion? Biden's discussion of climate change in his DNC acceptance speech was a populist nod to economic issues of the moment.
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Amazon's Deep Bench Still Leaves Key Man Risk

Wall Street Journal - 21 Aug 2020 19:53
The retirement of Jeff Wilke, a longtime close lieutenant of Amazon.com's Jeff Bezos, is a reminder that the e-commerce giant is the biggest company still run by its founder.
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Best Stocks To Short Today As Apple Keeps Dow Positive On Day Friday morning was muted in the stock markets, with all the major indices little changed after the open. If you're looking for places to short the market, Q.ai's deep learning algorithms have used Artificial Intelligence...
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Best Stocks To Buy Today As Nasdaq Sets New Intraday Record Technology shares continued on its bull run with Financials and Industrials sectors also doing well. Whether valuations are elevated or not might depend on how you view them amidst rock bottom interest rates. Our deep le...
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3 Truths That Will Define This 3-Part Economy The economy recovery, when it comes--and it will--is going to be uneven.
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Ivy League Schools Self-Censor For China

Forbes - 21 Aug 2020 17:40
Ivy League Schools Self-Censor For China Harvard and Princeton take extra steps to protect Chinese students from the long arms of China's law. Is this even legal?
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Clearing Up Confusion On The $300 Unemployment Benefit: Here's Where States Stand On Payments Which states are approved, which states are paying extra, and which states have opted out.
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Jeff Bezos Succession: Shock Departure Of Jeff Wilke Leaves Dave Clark On Deck Much of Amazon's logistics expansion was the brainchild of Dave Clark who joined the company in 1999 and became its logistics chief in 2013.
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Payment Giant's Directors Take Some Money off the Table

Wall Street Journal - 21 Aug 2020 16:00
Adyen can seemingly do no wrong, but that appears to be amply reflected in its soaring share price. The payment companies' directors decided to give themselves a payday.
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Pitney Bowes Is Unboxing E-Commerce Bonanza

Wall Street Journal - 21 Aug 2020 15:30
Amid the excitement over Stamps.com, the market is starting to take notice of the greater potential of a century-old competitor usually associated with the U.S. Postal Service.
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Despite A Lift From Deere, Market Playing Defense As Record-Setting Week Heads Toward Finish Line Deere and Foot Locker earnings both looked strong, but profit-taking amid thin, late-summer volume might mean more pressure as the day continues. It could be interesting to see if stocks claw back here, because it's been...
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Keith Krach, the undersecretary of state for economic growth, energy and the environment, encouraged university endowments to divest Chinese stocks and disclose Chinese assets held in their index funds.
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What The Recovery Really Looks Like

Forbes - 21 Aug 2020 15:00
What The Recovery Really Looks Like There is a lot of talk about the economy having V- or U-shaped recovery. But within the economy right now are several different economies, and they won't see recovery at the same time or rate. So if we have to choose a l...
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European nations have done a good job protecting employment during lockdowns, but the recovery is stalling and a cliff edge awaits in 2021.
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Home-improvement stocks have been on the rise. As the pandemic keeps many Americans in their houses and apartments, more are interested in upgrading their spaces.
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