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Market News

Location American Market News for 4 January 2021

Chinese Telecom Stocks Fall as U.S. Delisting Looms

Wall Street Journal - 4 Jan 2021 06:33
In Hong Kong morning trading, the largest, China Mobile, was on course for its lowest close since June 2006.
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Extra $300 Unemployment Payments To Begin This Week In Some States South Carolina paid out more than $10 million Monday under newly extended federal unemployment programs.
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China's Economic Data: Guide for the Dazed and Confused

Wall Street Journal - 4 Jan 2021 16:38
Investors are right to be skeptical about China's economic data. Here's how to interpret it.
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What The Stimulus Package Means For Your Student Loans The new stimulus package can help you pay off student loans faster.
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Iraqi And Kurdistan Budget Hangs In The Balance Despite the Government of Iraq and the Kurdistan Regional Government (KRG) agreeing a deal over its 2021 budget on December 20, the road to parliamentary approval may be bumpy.
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Bitcoin Rallies Nearly 15% After Latest Pullback Bitcoin climbed more than 14% today, gaining more than $4,000 after its latest retracement. When will the digital currency hit a fresh high?
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Low Inflation? Asset Prices At Record Highs Suggests Otherwise Gold and Bitcoin had a very good 2020. Investors, worried about currency debasement from all the money-printing, sought stores of value. Gold surged over 25%, its best year in a decade, while Bitcoin was up more than 300...
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Here's What The Georgia Runoff Elections Will Mean For Economic Recovery More stimulus and more corporate red tape could be on the line.
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IAC/InterActiveCorp Plans To Spin-Off Vimeo In 2Q21 Through its cloud platform, Vimeo provides a one-stop solution for all business needs of local SMBs as well as global companies.
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Bitcoin Rose Nearly 20% Over Weekend

Wall Street Journal - 4 Jan 2021 18:50
The digital currency, which has been on an extended rally since early September, took a wild ride over the weekend, briefly spiking over $34,000. It fell as low as $29,069 early Monday.
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Genworth's Merger With China Oceanwide Fizzles

Wall Street Journal - 4 Jan 2021 18:26
A year-end deadline passed to complete the $2.7 billion deal for the U.S. insurer that was first struck in 2016. Genworth's shares were off sharply in midday trading.
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Percolating policy ideas like postal banking and digital wallets via the Fed give a hint of how Washington could reshape the banking business in the years to come.
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New Year, Same Leaders: Moderna, Tesla Firm Early On Thanks To Deliveries, Vaccine Hopes The new year begins with strength in some of the same Tech and Biotech stocks that brought us gains through most of 2020. Volatility is advancing a bit, however, and deserves a close look. The vaccines aren't necessarily...
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What Chinese ADRs' Delisting Means for Investors

Wall Street Journal - 4 Jan 2021 16:11
Here are answers to some of the key questions raised by the NYSE's coming delisting of three big Chinese telecom companies' American depositary receipts.
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What's Happening With Peloton Stock?

Forbes - 4 Jan 2021 15:30
What's Happening With Peloton Stock? While Peloton's stock saw a big sell-off after news of Pfizer's Covid-19 vaccine in early November 2020, the stock is now up a solid 50% since then, and is up by roughly 35% over December alone. So what are the trends dr...
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Verizon Communications A Top Socially Responsible Dividend Stock With 4.3% Yield Verizon Communications has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 4.3% yield
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BioMarin, Alkermes, Ionis: Are These Health Care Stocks Set To Outperform In 2021? Our theme of Out Of Favor Health Care Stocks includes health care names that have witnessed strong growth and improving fundamentals over the last few years but have still underperformed over 2020, partly due to Covid-19...
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Cotton Prices Rise as Lack of Rain Shrinks Crop

Wall Street Journal - 4 Jan 2021 14:51
A weakened dollar, combined with a U.S. ban on Chinese supplies over human-rights concerns, has stoked demand for American cotton as growers struggle with adverse weather.
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Bitcoin Plunges 13% After Massive New Year's Rally The cryptocurrency more than quadrupled in value in 2020.
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Aptiv Stock's Drive Over?

Forbes - 4 Jan 2021 14:30
Aptiv Stock's Drive Over? At the current price near $130 per share, we believe Aptiv's stock seems overvalued. Aptiv, a global technology and mobility company serving the automotive sector, saw its stock price increase from $94.97 to $128.42 sinc...
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In 2020, you were better off putting money into a stock index fund than in fine art or diamonds.
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Recessionary Environment To Inhibit Further Gains In Paychex Stock We believe there may be better places for your money than Paychex stock at the present time. After gaining 11% this year, PAYX currently trades at $94 - slightly above the pre-Covid high of $90 in February. Supported by ...
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