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January 20, 2021

BlackRock Inc

EV start-up Rivian raises $2.65 billion in new funding round led by T. Rowe Price

CNBC
CNBC – For more and to sign up click here Rivian R1S electric SUV Source: Rivian Rivian, the electric vehicle start-up backed by Amazon and Ford Motor, on Tuesday said it closed on a $2.65 billion investment round led by T. Rowe Price funds as the company moves closer to......

CEO of world’s largest money manager sees stocks rallying in 2021 but not as much as last year

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CNBC – For more and to sign up click here BlackRock‘s Larry Fink told CNBC on Thursday that he believes the stock market has further room to run higher. However, the chairman and CEO of the world’s largest asset manager cautioned that the rally may not be as robust as it......

Capitol riot reaction: Corporations and the future of political donations

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CNBC – For more and to sign up click here Members of U.S. Capitol Police try to fend off a mob of supporters of U.S. President Donald Trump as one of them tries to use a flag like a spear as the supporters storm the U.S. Capitol Building in Washington,......

Markets face a big week of news, with stimulus at the top of the list

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CNBC – For more and to sign up click here Traders work on the floor of the NYSE. NYSE Markets will stay laser-focused on the prospect for more fiscal stimulus in the busy week ahead. Politics and politicians are likely to continue dominating the headlines, as Democrats seek President Donald......

Bill Miller says bitcoin becomes less risky the higher the price goes

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CNBC – For more and to sign up click here Value investor Bill Miller said Friday he believes owning bitcoin becomes a safer investment decision the higher the price of the digital coin gets. Bitcoin was trading over $40,000 per coin Friday afternoon, having posted a record high of almost......

U.S. shale should be worried about ‘very aggressive’ policies coming from Washington, energy secretary says

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CNBC – For more and to sign up click here American shale producers are likely being kept up at night over what could be in store for their industry over the next four years, if pledges made by some lawmakers in Congress and President-elect Joe Biden are anything to go......

Exxon Mobil begins defense of itself, and a Big Oil future, as activists circle

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CNBC – For more and to sign up click here “More of the same, and a lot of it,” says CFRA Research energy analyst Stewart Glickman of a newly unveiled plan from Exxon Mobil to reduce its greenhouse gas emissions. But Glickman, and others analysts even more critical of Exxon,......

A $7 trillion climate change warning to the stock market from its biggest shareholder

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CNBC – For more and to sign up click here An abandoned oil rig in the U.K. during Covid-19. “We’ve been talking about this for 20 years and some of the changes we saw this week were unlike anything we’ve seen before,” said Mindy Lubber, CEO and president of sustainability......

An underperforming Exxon Mobil faces a new climate threat: Activist investors

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CNBC – For more and to sign up click here Exxon Mobil could become the most interesting target of a combined attack from activist hedge funds and long-term impact investors focused on sustainability and carbon emissions. A newly formed activist investor group, Engine No. 1, announced plans on Monday to......

Why Dow, S&P can keep climbing market’s wall of worry, according to history

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CNBC – For more and to sign up click here The Dow Jones Industrial Average was poised to fall at the open on Monday, according to futures trading, after hitting another new record to end last week. Market history in the post-World War II era suggests that any dip to......

BlackRock takes equities to overweight for 2021, sees powerful restart to the economy

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CNBC – For more and to sign up click here A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock has raised equities to overweight for 2021, based on its view that the restart of the economy will accelerate with the distribution of......

British EV start-up Arrival has the ‘best claim to be the son of Tesla,’ Jim Cramer says

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Thursday endorsed CIIG Merger, the U.S. blank-check company set to take U.K. electric-vehicle maker Arrival public next year, as a speculative stock for investors to play. “As much as I like this story, I think you......

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