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January 20, 2021

business news

Germany’s vaccine rollout is not going to plan, frustrating officials and experts

CNBC
CNBC – For more and to sign up click here At Leipzig University Hospital, pharmacy students Anne Brandt (l) and Sarah Schulz prepare six syringes from a vial of Biontech/Pfizer’s SARS-CoV-2 corona virus vaccine for the vaccination of medical staff. There are currently more requests for vaccination appointments than can......

Trump pardons Steve Bannon, Elliott Broidy, dozens of others, on last night in White House

CNBC
CNBC – For more and to sign up click here President Donald Trump speaks at a Make America Great Again rally at the Civic Center in Charleston, West Virginia. Leah Millis | Reuters President Donald Trump issued dozens of pardons on his last night in the White House, including one......

Here’s what it costs to book Disney’s new cruises to Antarctica and the Galapagos Islands

CNBC
CNBC – For more and to sign up click here By the end of this year, Disney fans will be able to explore every continent on Earth with the kid-friendly brand. Last week, Adventures by Disney announced the launch of cruises to Antarctica and the Galapagos Islands. The first Antarctica......

Alibaba founder Jack Ma reappears for the first time since crackdown on his tech empire

CNBC
CNBC – For more and to sign up click here Alibaba founder Jack Ma has emerged after weeks out of the spotlight that sparked speculation about his whereabouts as his companies face increased regulatory scrutiny. In a video posted on Chinese social media, Ma addressed rural teachers as part of......

Assault on Capitol ‘incited by the president,’ says former DHS secretary

CNBC
CNBC – For more and to sign up click here Former Homeland Security secretary Janet Napolitano told CNBC’s “The News with Shepard Smith” that the storming of the Capitol on Jan. 6 was “incited” by President Donald Trump, and criticized him for fueling the “Big Lie” that the Nov. 3......

TikTok owner ByteDance launches payments in China as it pushes into fintech and e-commerce

CNBC
CNBC – For more and to sign up click here A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within......

DOJ will not criminally charge Sen. Richard Burr for stock trades he made after getting Covid intelligence

CNBC
CNBC – For more and to sign up click here Sen. Richard Burr (R-NC) leaves the U.S. Capitol after voting in Washington, U.S., May 14, 2020. Erin Scott | Reuters The Justice Department will not criminally charge Sen. Richard Burr in connection with stock trades that the North Carolina Republican......

Tencent teams up with Chinese automaker Geely on driverless and smart car tech

CNBC
CNBC – For more and to sign up click here Logo of Chinese automaker Geely Auto. Zhang Peng | Getty Images China’s Tencent has teamed up with automaker Geely on various car technologies as traditional vehicle manufacturers continue to partner technology giants. The deal will see the two work on......

New map shows where China’s latest virus cases are clustered

CNBC
CNBC – For more and to sign up click here Health care worker conducts throat swab test in Shijiazhuang, Hebei province, China on Jan. 18, 2021. Costfoto | Barcroft Media | Getty Images More than half a year since Covid-19 stalled its spread within mainland China, new clusters of cases......

‘Unintended consequences’ from massive stimulus is starting to worry long-time bull Jim Paulsen

CNBC
CNBC – For more and to sign up click here The Leuthold Group’s Jim Paulsen sees trouble lurking as investors embrace growing odds of another stimulus package. Even though the long-time bull acknowledges massive aid has been necessary to steer the U.S. through the coronavirus crisis, he’s worried too much spending......

Trump doesn’t mention Biden in farewell address that glosses over Capitol riot and Covid deaths

CNBC
CNBC – For more and to sign up click here President Donald Trump in a prerecorded farewell address touted his record on the economy and foreign policy, while glossing over the Capitol riot that consumed the final weeks of his presidency. He also failed to mention his successor, Joe Biden,......

Lawyer says he lobbied Mnuchin and a congressman to reduce Bernie Madoff’s sentence

CNBC
CNBC – For more and to sign up click here Bernard Madoff (C) walks out from Federal Court after a bail hearing in Manhattan January 5, 2009 in New York City. Madoff is accused of running a $50 billion Ponzi scheme through his investment company.  Hiroko Masuike | Getty Images......

From Jeep to Maserati, Stellantis to rollout 10 new EV models in 2021

CNBC
CNBC – For more and to sign up click here 2021 Jeep Wrangler Rubicon 4xe Fiat Chrysler Stellantis – the product of a $52 billion merger between automakers Fiat Chrysler and Groupe PSA – plans to offer an array of all-electric or hybrid vehicles through 2025, including 10 new models......

YouTube extends Trump suspension for another week

CNBC
CNBC – For more and to sign up click here Susan Wojcicki, CEO of YouTube. Michael Newberg | CNBC YouTube is extending Donald Trump’s channel suspension for a week longer than its previous temporary suspension. The Google-owned company confirmed to CNBC the extension Tuesday, citing a potential for ongoing violence.......

Biden’s inauguration speech to stress unity amid a national crisis

CNBC
CNBC – For more and to sign up click here U.S. President-elect Joe Biden delivers remarks on national security and foreign policy at his transition headquarters in Wilmington, Delaware, December 28, 2020. Jonathan Ernst | Reuters President-elect Joe Biden will on Wednesday deliver an inauguration speech centered on unity as......

Netflix shares rise 11% on strong subscriber growth, considers share buybacks

CNBC
CNBC – For more and to sign up click here (L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France. Stephane Cardinale | Corbis | Getty Images Netflix reported earnings for the fourth......

IRS may have paid $57 million in error for Trump tax break, report finds

CNBC
CNBC – For more and to sign up click here Stefani Reynolds/Bloomberg via Getty Images ‘Potentially erroneous’ QBI deductions The IRS allowed business owners to claim $57 million in “potentially erroneous” deductions on 12,980 tax returns filed last year, according to a report publicly released Tuesday by the Treasury Inspector......

New York court worker arrested in threats to Biden inauguration, calls for Pelosi, Schumer, AOC deaths

CNBC
CNBC – For more and to sign up click here An FBI agent enters the residence of Brendan Hunt in Queens, New York, January 19, 2021. Source: News4 New York A New York man was arrested Tuesday for allegedly making threats related to the upcoming presidential inauguration of Joe Biden......

Biden looks to give a big boost to homebuyers and builders

CNBC Real Estate
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Anyone looking to buy a home today is likely frustrated by sky-high prices and slim pickings. But......

SpaceX bought two former Valaris oil rigs to build floating launchpads for its Starship rocket

CNBC
CNBC – For more and to sign up click here An 8500 series oil rig ENSCO Elon Musk’s SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. The rigs are in the Port......

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