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Market News

Location American Market News for 7 January 2021

Goldman: Please Keep Your 'Storm the Hill' Swag at Home

Wall Street Journal - 7 Jan 2021 23:19
Participants in Goldman Sachs's entrepreneur-training program received T-shirts with the words "Storm the Hill." The bank is asking that they not wear them.
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Twitter Faces a Trumpless Future

Wall Street Journal - 7 Jan 2021 23:08
Removal of the widely followed president may hurt engagement, but the social network needs to bear the cost.
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Is Restaurant Brands' Stock Undervalued At $60? Having remained nearly flat in 2020, Restaurant Brands' Stock has growth potential in the near term. QSR's stock remained nearly flat at $61 compared to the S&P 500 which gained 15% in 2020. The company has seen a high r...
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Be Patient With Credit Suisse Stock

Forbes - 7 Jan 2021 15:30
Be Patient With Credit Suisse Stock After close to 100% gain since the March 23 lows of the last year, at the current price of $13 per share we believe Credit Suisse Stock has some more room to go. Credit Suisse, the second-largest Swiss bank, has seen its...
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December May Have Seen Shrinking Payrolls

Forbes - 7 Jan 2021 23:49
December May Have Seen Shrinking Payrolls Job growth seems to have continued to soften and may have turned negative in December.
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Keep An Eye On The Mail: Treasury Now Sending 8 Million Stimulus Checks Via Prepaid Debit Card $112 billion in direct payments has already reached bank accounts.
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Gold And Precious Metals In The Spotlight: 2020 Recap It was a banner year for the yellow metal, hitting a new record high of $2,070 an ounce in August, as investors sought a reliable store of value in the face of unprecedented money-printing.
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Bitcoin Breaks Through $40,000 To Notch A Fresh All-Time High Bitcoin exceeded $40,000 today. Will it reach $100,000 in the coming years?
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No, Elon Musk Is Not The Richest Person In The World--Yet The Tesla billionaire's incredible run continues, but he's still $11 billion behind Jeff Bezos.
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As Musk's Net Worth Nears Bezos', Tesla Will Beat Bitcoin To $1 Trillion Market Cap With its stock up 750% in the last year, Tesla is leaving Bitcoin -- up 380% -- in the dust.
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As Musk's $188.5B Net Worth Tops Bezos', Tesla Will Beat Bitcoin To $1 Trillion Market Cap With its stock up 750% in the last year, Tesla is leaving Bitcoin -- up 380% -- in the dust.
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Bed Bath & Beyond's Housewarming Has Yet to Draw Crowds

Wall Street Journal - 7 Jan 2021 20:26
Last quarter's numbers for the retailer look worse than they are, but there still are good reasons to approach with caution.
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Federal Investigators Probing AmEx Card Sales Practices

Wall Street Journal - 7 Jan 2021 19:16
Inspectors general offices at the Treasury, FDIC and the Federal Reserve, as well as banking regulators at the OCC, are investigating the company's business-card sales practices.
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'Time For You To Resign': Business Leaders Condemn Trump After Chaos At The Capitol Trump's tax cuts, deregulation, and trade policies have been a boon for American business.
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Dow Jones Rallies As Congress Confirms Biden's Presidency It is really over for President Trump as Congress confirms Joe Biden as the next President of the United States.
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L Brands said its same-store sales during the holiday period were up 5%, compared with a 3% drop a year earlier.
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For Bankers, 2020 Was a Bad Year to Have a Good Year

Wall Street Journal - 7 Jan 2021 17:53
Wall Street banks have had a decent crisis so far. That is unlikely to translate to bumper bonus payments for bankers and traders, as chief executives and boards grapple with the optics of big payouts amid economic hards...
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3 Headlines To Watch For The Best Dividend Stocks In 2021 If you could only invest in one ticker over the next year, what would it be?
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Health-Care Companies Shake Off Disrupters, Make Deals

Wall Street Journal - 7 Jan 2021 17:18
Health insurers such as UnitedHealth and pharmacies such as Walgreens have less to fear from business and regulatory threats.
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How Is Moderna's Vaccine Production Scaling Up? Moderna provided updates on the manufacturing of its Covid-19 vaccine, noting that it was increasing the baseline production estimate for this year to 600 million doses, 100 million more than it had initially projected. ...
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Walgreens said its pharmacy sales picked up in the U.S. as it filled more prescriptions, but it continued to have less foot traffic during the pandemic.
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With Democrat Trifecta, Investors Appear To Be Looking Forward To More Stimulus This morning, Wall Street is already looking beyond yesterday's turmoil in Washington, expecting that Democrat control of the Senate, House and White House will lead to more stimulus.
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