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January 20, 2021

Coronavirus: Business

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

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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......

Here are the most anticipated movies of 2021 and how to watch them

CNBC
CNBC – For more and to sign up click here Jamillah Ali (L) and Nadia Ali, both of Nevada, carry snacks as they head to an auditorium to see the movie “Star Wars: Episode V – The Empire Strikes Back” at AMC Town Square 18 on August 20, 2020 in......

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

CNBC
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......

Manhattan apartment rentals nearly doubled in December

CNBC Real Estate
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Manhattan apartment rentals nearly doubled in December, signaling a possible turnaround in the city’s struggling real estate market. The number of new......

Calm stock market may be anticipating Biden’s more normal White House

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CNBC – For more and to sign up click here U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. Kevin Lemarque | Reuters President-elect Joe Biden’s inauguration next week is expected to usher in......

Homebound families are spending more time and money on pets, Zoetis CEO says

CNBC
CNBC – For more and to sign up click here Pet ownership rates rose during the coronavirus pandemic, creating a strong growth driver for the animal industry overall, Zoetis CEO Kristin Peck told CNBC’s Jim Cramer on Wednesday. As Americans began spending more time at home last year, pet adoptions......

Target’s holiday same-store sales jump 17% as it holds on to some of its pandemic gains

CNBC
CNBC – For more and to sign up click here Target said Wednesday comparable sales rose 17.2% in November and December, as customers bought matching pajamas and gingerbread house kits to celebrate a cozy holiday at home during the pandemic. While online sales remained robust, shoppers also visited Target’s stores......

With rates on the rise, investors fearing any signs of inflation

CNBC
CNBC – For more and to sign up click here With the sharp move higher in interest rates, markets have been on the lookout for inflation creeping up. So Wednesday’s December CPI report will be important even if it still shows a muted rise in the consumer price index. According......

What rising rates could mean for the stock market

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the NYSE. NYSE The quick move higher in bond yields is sending a warning about the stock market – especially growth stocks. The benchmark 10-year Treasury has risen about 20 basis points since the......

Asia is dominating the box office, and the U.S. could too, if it handled the pandemic better

CNBC
CNBC – For more and to sign up click here Moviegoers wear face masks in a screening hall at a cinema almost six months after its closure due to the coronavirus pandemic on July 24, 2020 in Beijing, China. China News Service | China News Service | Getty Images In......

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

CNBC
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......

The jobs picture looks negative and could continue to be, but economists see underlying strength

CNBC
CNBC – For more and to sign up click here Cars line-up as the Los Angeles Regional Food Bank distributes food outside a church in Los Angeles on Nov. 19, 2020. Mike Blake | Reuters Nearly half a million jobs were lost in December in restaurants, casinos and other businesses......

December jobs report could be weaker than forecast, due to Covid impact

CNBC
CNBC – For more and to sign up click here A pedestrian wearing a protective mask walks past a closed restaurant as snow falls in New York, on Thursday, Dec. 17, 2020. Angus Mordant | Bloomberg | Getty Images December’s job growth likely slowed dramatically from November’s pace and could......

Covid pandemic could bring ‘a lost decade’ of economic growth, World Bank says

CNBC
CNBC – For more and to sign up click here A Palestinian youth wearing a face mask rides his bicycle past a mural painting of a nurse injecting a vaccine to a coronavirus in Gaza City, on Dec. 31, 2020. Mohammed Abed | AFP | Getty Images SINGAPORE — The......

AMC still seeking $550 million lifeline as stock price closes at record low

CNBC
CNBC – For more and to sign up click here The world’s largest movie theater chain is still about $550 million shy of its fundraising goal. On Tuesday, AMC CEO Adam Aron said the company had managed to raise just over $200 million of the $750 million it needs to......

Here’s what’s at stake for markets in the Georgia Senate runoff elections

CNBC
CNBC – For more and to sign up click here Voters line up early in the morning to cast their ballots in the U.S. Senate run-off election, at a polling station in Marietta, Georgia, U.S., January 5, 2021. Mike Segar | Reuters If Georgia voters surprise the market by electing......

Political worries rattled the market Monday and might not go away soon

CNBC
CNBC – For more and to sign up click here Voters stand in line to cast their ballots during the first day of early voting in the US Senate runoff at the Gwinnett Fairgrounds, December 14, 2020, in Atlanta, Georgia. Tami Chappell | AFP | Getty Images Apprehension about Georgia’s......

How Walmart plans to take over health care

CNBC
CNBC – For more and to sign up click here Walmart, the world’s largest retailer, wants to be your doctor, too. In September 2019 the company known for its “Everyday Low Prices” launched Walmart Health, a primary care clinic, at a store in Dallas, Georgia. The doctor-run clinic, the first......

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