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Market News

Location American Market News for 1 December 2020

Can Bitcoin Break $20,000?

Forbes - 1 Dec 2020 04:30
Can Bitcoin Break $20,000? Bitcoin needs to close above $20,000 in a convincing manner with high volume in order to give another bullish confirmation signal.
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A U.K. civil court froze up to $5 billion in assets including stakes in luxury hotels, cash in bank accounts in half a dozen countries and a Burger King franchise, as part of an international legal saga that ensnared Kaz...
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Adding Tesla To The S&P 500 Was A Bad Idea In September, Even Worse Now Adding Tesla to the S&P 500 was a bad idea when the S&P decided against it in September, and it is even worse now.
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Liquor Industry Calls For Day Of Action To Save Craft Spirits American craft distilleries, facing an existential threat, turn to Congress for help.
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The Market Expects That Everything Will Be Awesome

Wall Street Journal - 1 Dec 2020 00:21
Even if things go well with vaccines and the economy, there may be no particular reason for stock prices to change.
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Treasury Yields Climb on Renewed Stimulus Talks

Wall Street Journal - 1 Dec 2020 20:41
The yield on the benchmark 10-year Treasury note was on pace for its highest close since Nov. 10, following a renewed Congressional effort to send aid to businesses and municipalities hurt by the pandemic.
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Should You Buy Bristol Myers Squibb Stock At $63? We believe that Bristol Myers Squibb stock is a good buying opportunity at the present time. BMY stock trades near $63 currently and it is, in fact, down 6% from its pre-Covid high of $67 in February 2020 - just before t...
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Nasdaq Proposes Board-Diversity Rule for Listed Companies

Wall Street Journal - 1 Dec 2020 18:01
The exchange operator said it aims to require listed companies to include women and people of diverse racial identities or sexual orientation on their boards.
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Cancel Student Loans Or $1,000 A Month For Life? What would you rather have: cancel student loans or $1,000 a month for life?
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Why Markets Seem Immune From Politics

Forbes - 1 Dec 2020 15:11
Why Markets Seem Immune From Politics The main concern in the near term is the recent spike in cases and hospitalizations will lead to targeted shutdowns of businesses that could impede economic recovery. As a result, some forecasters now envision growth tur...
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Top ETFs This Week As Markets Cool Off To End November A good way to manage the market's current unpredictability, and add diversity to your portfolio, is through investing in ETFs. Q.ai's deep learning algorithms have identified several ETFs to look out for this week based ...
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Stimulus Isn't Dead Yet: Pelosi And Mnuchin Are Talking Again, McConnell Unveils Another Skinny Bill, And Moderates Are Pushing A New $900 Billion Plan Here's everything you need to know about the fate of the next coronavirus relief bill as lawmakers flirt with more rescue legislation.
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Raise High The Roof Beams, Ragamuffins

Forbes - 1 Dec 2020 22:31
Raise High The Roof Beams, Ragamuffins In roiling markets nobody ever catches absolute bottoms or tops for stocks. Range of amplitude for a diverse bunch of unwanted goods this year is breathtaking.
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OPEC+'s Lose-Lose Equation

Wall Street Journal - 1 Dec 2020 20:33
The global oil cartel and its Russian-led partners face risks no matter which route they choose to take on production levels.
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Manufacturing Spurt Has Room to Run

Wall Street Journal - 1 Dec 2020 19:59
With Covid-19 cases rising, a vaccine unlikely to be widely available for months and government support fading, the U.S. economy is in for a tough winter. But the manufacturing sector appears well-positioned to weather i...
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What 1,000 Student Loan Borrowers Say About Biden's Plans For Student Loans A new survey asked 1,000 borrowers what they think about Joe Biden's plans for their student loans.
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Tesla Sales Have Fallen Off A Cliff In Europe's Tesla's November sales numbers in Holland and Norway were astonishingly bad, but actually follow a pattern that has been established for all of 2020.
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Two executives who have worked at BlackRock are set to take roles at the Treasury Department and National Economic Council.
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China, Korea Clash Over Pickled Vegetables

Wall Street Journal - 1 Dec 2020 17:47
Internet users are getting heated over symbols of national pride for the two nations.
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New $908 Billion Bipartisan Stimulus Proposal Released Today--Here's What's In It Some centrist lawmakers want $300 weekly unemployment checks, state and local aid, and liability protection for businesses, but the odds of a deal before the new year are still incredibly long.
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Airbnb IPO Terms Send Valuation as High as $35 Billion

Wall Street Journal - 1 Dec 2020 17:13
The San Francisco home-rental company plans to sell 50 million shares at $44 to $50 apiece.
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The Best, And Worst, Dividend Funds For 2021 There's no doubt in my mind: five years from now we'll look back at this time and say it was a golden opportunity to buy dividend stocks.
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