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January 20, 2021

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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......

South Korea’s Kia says reviewing cooperation on EV business, after media report on Apple

Reuters
FILE PHOTO: The KIA logo is seen on the hood of a Kia Seltos on display at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson SEOUL (Reuters) – South Korean automaker Kia said in a regulatory filing on Wednesday it is reviewing cooperation on......

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......

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......

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

CNBC
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 |......

Flight attendants play ‘babysitter for adults’ as bad behavior onboard spikes; FAA threatens hefty fines

CNBC
CNBC – For more and to sign up click here A flight attendant gathers trash on a flight aboard a Boeing 737 Max from Dallas Fort Worth Airport to Tulsa, Oklahoma, December 2, 2020. Carlo Allegri | Reuters Cursing at flight attendants. Harassing lawmakers. Refusing to wear masks. Tensions are......

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......

MyPillow’s CEO, a Trump supporter, says Bed Bath & Beyond, Kohl’s stopped selling his products

CNBC
CNBC – For more and to sign up click here My Pillow CEO Michael Lindell is seen outside the door of the West Wing at the White House on Friday, Jan 15, 2021 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images MyPillow CEO Mike Lindell, who......

Microsoft is investing and partnering with GM’s Cruise on self-driving cars

CNBC
CNBC – For more and to sign up click here Cruise Origin driverless shuttle Cruise Microsoft has entered into a long-term strategic relationship with General Motors and Cruise, the automaker’s majority-owned autonomous car unit, to accelerate the commercialization of self-driving vehicles. As part of the partnership, the tech giant will......

Office Depot rejects takeover offer from rival Staples, WSJ reports

CNBC
CNBC – For more and to sign up click here Office Depot has rejected another takeover attempt by office supply rival Staples, according to a Wall Street Journal report. The parent company of Office Depot, ODP, however, has indicated it’s open to selling its retail and consumer-facing e-commerce operations to......

Japanese automakers still bet on sports cars in the SUV era

CNBC
CNBC – For more and to sign up click here Japanese automakers are reviving some of the cars that gave the 1990s a reputation as the golden age of Japanese sports cars. Toyota has brought back the Supra, Honda has revived the NSX, and Nissan is coming out with a......

Business of Football: Of Course Eagles Chose Wentz Over Pederson

Sports Illustrated
SI – For more and to sign up click here Andrew Brandt Doug Pederson was dismissed as coach of the Eagles last week, a move that I took a personal interest for several reasons: 1) I live in the Philadelphia area; 2) I was a consultant for the Eagles several......

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

CNBC
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

CNBC
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......

Biden Covid advisor challenges Cuomo’s letter to buy vaccine directly from Pfizer

CNBC
CNBC – For more and to sign up click here President-elect Joe Biden’s Covid Advisory Board member Dr. Celine Gounder slammed the Trump administration’s piecemeal Covid response as some states across the U.S. scramble to get the vaccine doses they need.  “I think we’ve already had too much of a......

Trump preparing to lift Europe, UK, Brazil Covid-19 travel restrictions Jan. 26

CNBC
CNBC – For more and to sign up click here A traveler exits a testing center at Heathrow Airport on January 17, 2021 in London. Hollie Adams | Getty Images News | Getty Images The Trump administration is planning to lift Covid-19 travel restrictions on most foreign visitors from Europe,......

Coronavirus vaccine passports aren’t available yet, but could be an investment for the future

CNBC
CNBC – For more and to sign up click here Global scientists have reiterated the importance of herd immunity before the economy can fully reopen, but a number of start-ups and major tech companies are looking to speed up the return to normalcy. Microsoft, Apple and Google have shown interest......

The wealthy are investing like a market bubble is here, or at least near

CNBC
CNBC – For more and to sign up click here If an investor with $1 million or more in the market thinks that a stock bubble is already here — or soon enough one will be coming — what is the correct response? According to a new survey from E-Trade......

Richard Branson’s Virgin Orbit successfully blasts satellites into space after failed first attempt

CNBC
CNBC – For more and to sign up click here Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters......

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