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January 20, 2021

Breaking News: Markets

Stocks making the biggest moves midday: Roku, Peloton, DraftKings, American Express and more

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CNBC – For more and to sign up click here John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle |......

Goldman Sachs beats analysts’ estimates on stronger-than-expected stock trading, investment banking

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CNBC – For more and to sign up click here David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs on Tuesday beat analysts’ expectations for fourth-quarter profit and revenue on strong performance from the firm’s equities......

Bank of America posts quarterly profit that exceeds analysts’ expectations but revenue falls short

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CNBC – For more and to sign up click here Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America on Tuesday reported fourth-quarter profit that exceeded analysts’ expectations as the firm released some of the cash it had set aside for......

Stock futures rise slightly after Wall Street’s losing week

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CNBC – For more and to sign up click here Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange U.S. stock futures moved modestly higher on Monday evening as Wall Street looked to bounce back from a rough week ahead of President-elect Joe Biden’s inauguration.......

Top Wall Street analysts back these stocks as earnings season kicks off

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CNBC – For more and to sign up click here Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Earnings season is here, and Wall Street analysts are calling for another decline amid the pandemic. However, some......

Adrenaline-fueled rush for small caps, vaccine plays and story stocks dents passive-indexing trend

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CNBC – For more and to sign up click here Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange For years, skeptics of index investing who watched trillions pour into S&P 500 funds argued that it would probably take a prolonged bear market to undercut......

A new activist takes on Exxon to reverse the oil giant’s underperformance

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CNBC – For more and to sign up click here Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Company: Exxon Mobil Corp. (XOM) Business: Engaged in the exploration, production, transportation and sale......

Fed’s Rosengren voices support for Biden stimulus proposal

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CNBC – For more and to sign up click here President-elect Joe Biden’s proposed stimulus plan is the right medicine for an economy likely to see substandard growth in the first half of 2021, Boston Federal Reserve President Eric Rosengren said Friday. As the first central bank official called to......

Jamie Dimon says JPMorgan Chase should absolutely be ‘scared s—less’ about fintech threat

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CNBC – For more and to sign up click here Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon has watched while a new breed......

JPMorgan beats profit estimates on better-than-expected credit, trading revenue

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CNBC – For more and to sign up click here Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase beat analysts’ estimates for fourth-quarter profit on better-than-expected trading......

Citigroup is set to report fourth-quarter earnings – here’s what the Street expects

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CNBC – For more and to sign up click here Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report......

Xiaomi shares fall 10% as U.S. adds smartphone-maker to ‘blacklist’

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CNBC – For more and to sign up click here Xiaomi’s Headquarters Getty Images GUANGZHOU, China — The Trump administration has added smartphone maker Xiaomi to a blacklist of alleged Chinese military companies. Hong Kong-listed shares of the Chinese firm were down 10.6% at the open on Friday on that......

Jobless claims surge to highest weekly total since August

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CNBC – For more and to sign up click here First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday. The total was worse than Wall Street estimates of 800,000 and above the previous......

Stock futures rise following Wednesday’s slight gains

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CNBC – For more and to sign up click here U.S. stock futures rose on Wednesday night as traders kept an eye on interest rates and lingering turmoil in Washington. Dow Jones Industrial Average futures traded 66 points higher, or 0.2%. S&P 500 futures gained 0.2% along with Nasdaq 100......

Top military leaders condemn ‘sedition and insurrection’ at Capitol, acknowledge Biden win

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CNBC – For more and to sign up click here Chairman of the Joint Chiefs of Staff, U.S. Army Gen. Mark A. Milley, answers a question during a virtual town hall at the Pentagon, May 28, 2020. Chad J. McNeeley | Department of Defense WASHINGTON — In an extraordinary letter......

Trump’s business prospects just got dimmer as Wall Street backs away from tarnished brand

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CNBC – For more and to sign up click here More than two decades ago, Donald Trump the New York developer found refuge at Deutsche Bank after a syndicate of lenders, including predecessor firms to JPMorgan Chase and Citigroup, cut ties with him. Now, after followers of President Trump laid......

Synchrony CEO Margaret Keane stepping down after nearly a decade leading the co-branded card lender

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CNBC – For more and to sign up click here Synchrony CEO Margaret Keane Source: Synchrony Financial Synchrony Financial CEO Margaret Keane will step down after nearly a decade of running the co-branded card lender. Sixty-one-year-old Keane — one of few women to head a Wall Street financial firm —......

Stock futures flat after Monday’s session breaks winning streak

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CNBC – For more and to sign up click here U.S. equity futures were flat in overnight trading on Monday after breaking a win streak as investors grew worried about stocks’ stretched valuations. Dow futures rose 20 points. S&P 500 futures popped 0.07% and Nasdaq 100 futures rose 0.18%. On......

Jeff Gundlach says stock market valuations are extraordinarily high, supported only by the Fed

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CNBC – For more and to sign up click here Jeffrey Gundlach Adam Jeffery | CNBC Jeffrey Gundlach, founder of DoubleLine Capital, raised concerns Monday about the stock market’s elevated valuation relative to historical levels and believes rising inflation could upend investors this year. “At extraordinarily high valuations is where......

Stocks making the biggest moves midday: Nio, Tesla, Roku, Lululemon & more

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CNBC – For more and to sign up click here A Nio ES6 electric vehicle is on display at an automotive experience area of Wanda Plaza on Nov. 28, 2020 in Beijing, China. VCG | Visual China Group | Getty Images Check out the companies making headlines midday on Monday:......

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