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Market News

Location American Market News for 12 February 2021

The Zillow Fantasy Could End in Rude Awakening

Wall Street Journal - 12 Feb 2021 14:00
Zillow surfing may be the new great American pastime, but all the world's lookie-loos haven't ensured much in the way of profit so far.
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AmEx Acknowledges DOJ Review of Card Sales

Wall Street Journal - 12 Feb 2021 23:35
The company also said it received a "civil investigative demand" from the Consumer Financial Protection Bureau.
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Fed's Powell Says Real Jobless Rate Is 10%--With Big Policy Implications Federal Reserve Chairman Jerome Powell has offered a sobering assessment of the U. S. economic prospects as the Covid pandemic rages: the actual unemployment rate when accounting for crisis-related exits from the labor f...
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Here's Where $1,400 Stimulus Checks, $15 Minimum Wage And The Rest Of Biden's $1.9 Trillion Rescue Plan Stand Today With impeachment front and center in the Senate this week, when can Americans expect relief?
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Here's What Biden's $2 Trillion Climate-Focused Infrastructure Plan Means For Stocks And The Economy Economists have warned failing to address climate change could tank GDP by 25% this century.
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ARK Investment Pushes Back on Upstart SPAC With Similar Name

Wall Street Journal - 12 Feb 2021 21:49
The high-performing fund manager says investors are confusing a new, unaffiliated blank-check company called Ark Global Acquisition with Cathie Wood's firm.
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This Dot-Com Parallel May Signal When Stock-Market Mania Is Ending I'm sure some sell-side volatility analyst has used this corny turn of phrase before, but the only thing investors have to fear right now is lack of fear itself.
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Walmart Earnings: COVID-19, E-Commerce, TikTok, And Other Issues WMT's online sales in the last quarter were ablaze, shooting 79% higher on a year-over year basis, accounting for a greater share of the retailer's $134.7 billion in revenue. But its in-store transactions slumped 14%.
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NVIDIA Chips Away At The Competition To Earn Top Buy Rating NVIDIA Corp (NVDA) has had a stellar year overall. Here's why Q.ai thinks NVIDIA is worth the price.
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Coupang, South Korean E-Commerce Giant, Unveils IPO Plan

Wall Street Journal - 12 Feb 2021 19:38
The South Korean e-commerce giant's U.S. debut is expected to be the largest by a foreign company since Alibaba's blockbuster 2014 listing.
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Top Stocks To Short Today As The Market Rally Cools Off The market rally has inevitably slowed down, but investors are still seeming positive. In the meantime, Q.ai's Artificial Intelligence systems have assessed each firm to find today's best short plays.
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ClimateTech Updates For February 2021

Forbes - 12 Feb 2021 18:51
ClimateTech Updates For February 2021 This article is the first installment of my column's new feature, ClimateTech Updates. In ClimateTech Update articles, I pass along the latest news about companies I have featured in previous columns. The inaugural updat...
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Top Stocks To Buy Today As Markets Drop But Outlook Remains Positive The February rally couldn't sustain its pace forever. It's only natural for markets to drop, but investors are keeping positive. Make the most of this market with today's top buys.
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Credit Suisse to Pay $600 Million to Settle Securities Case

Wall Street Journal - 12 Feb 2021 18:31
The Swiss lender said it would pay $600 million to settle a long-running case with credit insurer MBIA over toxic securities, as it seeks to clear a roster of legal and regulatory cases that have dragged on its profits f...
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Navigate the 2021 Tax Season With Our Guide

Wall Street Journal - 12 Feb 2021 17:43
Navigate this tax season with our guide on all you need to know
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Economists Push Biden On Path To Citizenship For Undocumented Immigrants An estimated 5 million undocumented immigrants are working in essential occupations during the pandemic.
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With Long Weekend Approaching, Wall Street's Record Rally Seems To Have Cooled At this point ahead of a long weekend it doesn't seem like there's much appetite to extend record gains.
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Carnival, Norwegian Head Up Losses As White House Considers New Domestic Travel Restrictions The broader market, however, is still hovering around all-time highs.
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Stocks are on track to end a choppy week with muted gains.
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Reddit's WallStreetBets Pushed U.S. Stock Volume To March 2020 Levels. What's Next? It would be wrong to think that with GameStop's stock crash, which staged a massive rally because of Reddit's Wallstreetbets forum, retail traders would leave the stock market.
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The Labor Department dropped its support for a legal challenge to CalSavers, a state retirement-savings program for private-sector employees in California who lack access to 401(k) plans.
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The Bumble IPO And Blackstone's Private Equity Gold Mine Blackstone's multi-billion-dollar investment windfall on dating app Bumble shows that the world's largest private equity firm is sitting on a goldmine of winning buyout deals.
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