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☆ What is a stock market crash? Understanding its causes and consequences can help investors prepare for a sudden, severe drop in share prices
▼ + stars: | 2021-01-23 | by ( Robin Kavanagh | ) www.businessinsider.com + 0.00 time to read: +14 min

A stock market crash is a sudden or severe drop in overall share prices, usually within a day. Whenever the majority of them — or a representative group of them, called a stock market index — takes an especially large dive, a panicked cry often arises:"The stock market has crashed! Here is a closer look at what a stock market crash really is and what you need to know before one impacts your portfolio. There are many definitions of what a stock market crash is. What causes a stock market crash?

Persons: —, Dow Jones, dotcoms Organizations: Dow Jones, Dow, Industrial, New York Stock Exchange, Venture, Federal Reserve Locations: Asia, Europe, COVID, New York City

☆ This 23-year-old CEO founded two businesses at university. These are her 6 tips to maximize productivity
▼ + stars: | 2021-01-23 | by ( Celia Jones | ) www.businessinsider.com + 0.00 time to read: +5 min

Grace Beverley founded two fitness businesses while a student at Oxford, despite a university rule prohibiting part-time employment during the academic term. Take time to prioritize"Prioritizing is the most important part of every day," Beverley says. Ration your emailsAccording to McKinsey analysis, the average professional spends more than a quarter (28%) of their working day reading and responding to email. She said: "Don't allow yourself to use emails as an excuse to trawl through your work day unproductively, or to do surface-level work when you should be making deeper progress." Set boundaries to have time to rest and resetBeverley set some clear boundaries early in 2020 and stuck to them despite the global disruption of COVID-19.

Persons: Grace Beverley, Beverley, Read, Ronnie Wood's, Beverley's, you'll, Beverly, doesn't Organizations: Oxford, YouTube, TALA, Google, McKinsey Locations: TALA, Instagram, SHREDDY

It’s widely accepted that the variant is more contagious, though scientists have previously said it does not appear to be more harmful. "With the new variant, for a thousand people infected, roughly 13 or 14 might be expected to die." And for those at high risk of complications from Covid-19, the prospect of a deadlier variant is cause for concern. The Centers for Disease Control and Prevention recently suggested that the U.K. variant could be the predominant strain in the U.S. by March. Vallance also noted that the Pfizer-BioNTech vaccine appears to be effective against the U.K. variant.

Persons: Boris Johnson, Johnson, It’s, Dr, Patrick Vallance, Vallance, Susan Hopkins, Angela Rasmussen, Charles Chiu, Chiu, Jason Kindrachuk, Ian Jones, BioNTech, Kindrachuk Organizations: British, Advisory, U.K, Public Health, U.S . Centers for Disease Control, Prevention, NBC, Georgetown University Center, Global Health Science, Security, Washington , D.C, University of California, University of Manitoba, virology, University of Reading, Disease Control, Pfizer, Twitter, Facebook Locations: London, U.K, United Kingdom, Washington ,, San Francisco, NERVTAG, Winnipeg, Covid, U.S, Canada

☆ Italy's ruling parties talk up elections as Conte struggles for majority
▼ + stars: | 2021-01-22 | by ( Gavin Jones | ) www.reuters.com + 0.00 time to read: +3 min

ROME (Reuters) - Italy’s main ruling parties on Friday flagged snap elections as the only way out of its political impasse, if Prime Minister Giuseppe Conte fails to drum up a parliamentary majority after scraping through a confidence vote. FILE PHOTO: Italian Prime Minister Giuseppe Conte gestures as he speaks ahead of a confidence vote at the upper house of parliament after former Prime Minister Matteo Renzi pulled his party out of government, in Rome, Italy, January 19, 2021. REUTERS/Yara NardiAfter surviving Tuesday’s Senate vote thanks to abstentions, Conte appealed to centrist and unaligned upper house lawmakers outside the coalition to join his minority government’s ranks. That would probably be won by the right-wing opposition led by Matteo Salvini’s League party, opinion polls suggest. The crisis was triggered last week when former premier Matteo Renzi withdrew his centrist Italia Viva party from the coalition, depriving it of an outright Senate majority.

Persons: Giuseppe Conte, Matteo Renzi, Yara, Conte, “, Andrea Martella, Andrea Orlando, ”, Matteo Salvini’s, Renzi Organizations: REUTERS, Democratic Party, RAI, Star Movement, Matteo Salvini’s League, Italia Viva Locations: ROME, Rome, Italy

☆ UK body sets billion-pound budget for COVID financial firm collapses
▼ + stars: | 2021-01-22 | by ( Huw Jones | ) www.reuters.com sentiment -1.00 time to read: +2 min

LONDON (Reuters) - Britain’s scheme for compensating consumers hit by financial company failures has set itself a billion-pound ($1.37 billion) budget for the coming year to cope with a likely surge in collapses due to COVID-19. REUTERS/Simon DawsonThe Financial Services Compensation Scheme’s (FSCS) budget of 1.04 billion pounds for the 2021/22 financial year that starts in April is its highest in six years. The body is responsible for compensation arrangements for the Financial Conduct Authority, which warned this month that around 4,000 financial firms in Britain were at “heightened risk” of collapsing due to fallout from the pandemic. The FSCS, which is financed by a levy on financial firms, also expects more claims for complex pension advice, and further failures in operators of self-invested person pensions (SIPPS). The FSCS is in talks with the finance ministry over compensation for LCF investors beyond what it has already paid out.

Persons: Simon Dawson, ”, Tim Fassam, Fassam, Caroline Rainbird Organizations: REUTERS, Financial, Authority, “, London Capital & Finance Locations: London, Britain

☆ Wall Street slips at open as IBM, Intel weigh
▼ + stars: | 2021-01-22 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00 time to read: 1 min

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File Photo(Reuters) - Wall Street’s main indexes opened lower on Friday after hitting record levels, as shares of blue-chip technology stalwarts Intel and IBM tumbled following their quarterly results. The Dow Jones Industrial Average fell 34.4 points, or 0.11%, at the open to 31141.56. The S&P 500 fell 8.8 points, or 0.23%, at the open to 3844.24, while the Nasdaq Composite dropped 56.1 points, or 0.41%, to 13474.805 at the opening bell.

Persons: Carlo Allegri Organizations: New York Stock Exchange, REUTERS, Intel, IBM, Dow Jones, Nasdaq Locations: Manhattan, New York City , New York, U.S, 13474.805

☆ Wall Street slips as IBM, Intel falter after results
▼ + stars: | 2021-01-22 | by ( Devik Jain | Medha Singh | ) www.reuters.com + 0.00 time to read: +3 min

(Reuters) - Wall Street’s main indexes slipped on Friday after hitting record levels in the prior session, as shares of blue-chip technology stalwarts Intel and IBM tumbled following their quarterly results. “The near-term momentum (in stock markets) is likely to carry forward,” said Mark Heppenstall, chief investment officer at Penn Mutual Asset Management in Horsham, Pennsylvania. ET, the Dow Jones Industrial Average fell 169.68 points, or 0.54%, to 31,006.33 and the S&P 500 lost 10.26 points, or 0.27%, to 3,842.81. Still, its shares fell 0.6% tracking broader sector weakness. The S&P 500 posted four new 52-week highs and no new low while the Nasdaq recorded 78 new highs and four new lows.

Persons: Carlo Allegri, Pat Gelsinger’s, ”, Mark Heppenstall, Chuck Lieberman, Janet Yellen’s, Joe Biden’s, Biden Organizations: Reuters, Intel, IBM, New York Stock Exchange, REUTERS, IBM Corp, Dow Jones, Intel Corp, Nasdaq, Dow, Penn Mutual Asset Management, Microsoft Corp, Facebook Inc, Inc, Apple Inc, Amazon.com Inc, Capital Management, U.S . Senate, Republicans, Schlumberger NV, NYSE Locations: Manhattan, New York City , New York, U.S, Horsham , Pennsylvania

☆ IBM, Intel slump weighs on Wall Street as coronavirus concerns rise
▼ + stars: | 2021-01-22 | by ( Echo Wang | ) www.reuters.com + 0.00 time to read: +3 min

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. Intel Corp shed 8.93% as new Chief Executive Officer Pat Gelsinger’s post-earnings comments suggested the lack of a strong embrace of outsourcing. However, losses in the tech sector were offset by gains from Microsoft Corp, Apple Inc and Facebook Inc, keeping the declines on the main U.S. stock indexes in check. Declining issues outnumbered advancing ones on the NYSE by a 1.54-to-1 ratio; on Nasdaq, a 1.21-to-1 ratio favored decliners. The S&P 500 posted 12 new 52-week highs and no new lows; the Nasdaq Composite recorded 128 new highs and 6 new lows.

Persons: Carlo Allegri, Pat Gelsinger’s, ”, Rob Haworth, Joe Biden, Haworth, Janet Yellen’s Organizations: YORK, Intel, IBM, New York Stock Exchange, REUTERS, IBM Corp, Dow Jones, Intel Corp, U.S, Bank Wealth Management, Microsoft Corp, Apple Inc, Facebook Inc, Nasdaq, Inc, Amazon.com Inc, NYSE Locations: Manhattan, New York City , New York, U.S, Seattle, Europe

☆ Dow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise
▼ + stars: | 2021-01-22 | by ( Echo Wang | ) www.reuters.com + 0.00 time to read: +3 min

NEW YORK (Reuters) - The Dow and S&P 500 ended modestly lower on Friday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their quarterly results, as hopes for a full economic reopening in the coming months waned. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. Intel Corp slipped as new Chief Executive Officer Pat Gelsinger’s post-earnings comments suggested the lack of a strong embrace of outsourcing. Energy and financials were the worst performers among the 11 S&P sectors on Friday, while the defensive utilities and real estate advanced. The Senate Finance Committee unanimously approved Janet Yellen’s nomination as the first woman Treasury secretary, indicating that she will easily win full Senate approval.

Persons: Carlo Allegri, Pat Gelsinger’s, ”, Andrew Mies, Joe Biden, Mies, Janet Yellen’s Organizations: YORK, Dow, Intel, IBM, New York Stock Exchange, REUTERS, IBM Corp, Dow Jones, Intel Corp, Microsoft Corp, Apple Inc, Facebook Inc, Nasdaq, Energy, Inc, Amazon.com Inc Locations: Manhattan, New York City , New York, U.S, Wichita , Kansas, Europe

☆ Analysis: Wall Street hedges against possible bumps in U.S. vaccine rollout
▼ + stars: | 2021-01-22 | by ( April Joyner | Sinéad Carew | ) www.reuters.com + 0.00 time to read: +4 min

FILE PHOTO: A healthcare worker draws the coronavirus disease (COVID-19) vaccine from a vial at Mission Commons assisted living community in Redlands, California, U.S., January 15, 2021. “The next 100 days or so will be focused on the vaccine rollout and employment,” said Stacey Gilbert, portfolio manager for derivatives at Glenmede Investment Management. Yet missed vaccination targets could bolster the case for investors looking to take profits, potentially ushering in more market swings. “I don’t think we can put virus-related risks behind us,” said Emily Roland, co-chief investment strategist at John Hancock Investment Management. Still, he added, “if we don’t get vaccines really underway by the end of the month … markets might start to get concerned.”

Persons: Wall, Lucy Nicholson, Russell, Joe Biden, ”, Stacey Gilbert, Emily Roland, “, Arnim Holzer, Matthew Harrison, Morgan Stanley, Donald Trump’s, Brad McMillan Organizations: YORK, Commons, REUTERS, Dow Jones, Nasdaq, Investors, Glenmede Investment Management, Research, John Hancock Investment Management, EAB Investment, Barclays iPath, Centers for Disease Control, Commonwealth Financial Network Locations: Redlands , California, U.S, COVID, United States

☆ ANALYSIS-Wall Street hedges against possible bumps in U.S. vaccine rollout
▼ + stars: | 2021-01-22 | by ( April Joyner | Sinéad Carew | ) www.reuters.com + 0.00 time to read: +4 min

“The next 100 days or so will be focused on the vaccine rollout and employment,” said Stacey Gilbert, portfolio manager for derivatives at Glenmede Investment Management. There have been rallies in shares of banks, small caps and other companies that would benefit most from economic reopening. Yet missed vaccination targets could bolster the case for investors looking to take profits, potentially ushering in more market swings. “I don’t think we can put virus-related risks behind us,” said Emily Roland, co-chief investment strategist at John Hancock Investment Management. “The vast majority of incoming questions has been around the pace of the rollout,” he said.

Persons: Wall, Russell, Joe Biden, ”, Stacey Gilbert, Emily Roland, “, Arnim Holzer, Matthew Harrison, Morgan Stanley, Donald Trump’s, Brad McMillan, April Joyner, Sinéad Carew, Michael Erman, Caroline Humer, Ira Iosebashvili, David Gregorio Organizations: YORK, Dow Jones, Nasdaq, Investors, Glenmede Investment Management, Research, John Hancock Investment Management, EAB Investment, Barclays iPath, Centers for Disease Control, Commonwealth Financial Network Locations: COVID, United States

☆ Asian markets set for messy open after U.S. stocks peak following Biden inauguration
▼ + stars: | 2021-01-22 | by ( Jessica Dinapoli | ) www.reuters.com sentiment -1.00 time to read: +2 min

I suspect a fairly flat day.”MSCI’s gauge of stocks across the globe gained 0.02%. On Thursday, the Nikkei 225 index closed up .82%, and the futures contract is now down 0.49% from the close. On Wall Street, both the S&P 500 and Nasdaq Composite closed at record highs on Thursday, up .03% and .55%, respectively. It had been poised for a record until falling into negative territory in the final minutes of trading. Oil prices steadied on Thursday after data showed an unexpected increase in U.S. crude inventories that revived pandemic-related fuel demand concerns.

Persons: Joe Biden, Kim Kyung, ”, Shane Oliver Organizations: YORK, Nikkei, REUTERS, AMP Capital, Nasdaq, Dow Jones, U.S, Treasury Locations: U.S, Tokyo, Japan, Sydney

☆ Asian markets step back from stimulus-driven record highs
▼ + stars: | 2021-01-22 | by ( Swati Pandey | ) www.reuters.com + 0.00 time to read: +3 min

SYDNEY (Reuters) - Asian shares eased from record highs on Friday as investors took some money off the table after a recent rally that was driven by hopes a massive U.S. economic stimulus plan by incoming President Joe Biden will help temper the COVID-19 impact. Democrats took control of the U.S. Senate on Wednesday, though they will still need Republican support to pass the program. Overnight on Wall Street, both the S&P 500 and Nasdaq Composite closed at record highs. In currency markets, the U.S. dollar picked up against a basket of currencies after three straight days of losses. The ECB, which kept interest rates steady on Thursday, also pledged to provide more support for the economy if needed.

Persons: Joe Biden, Kim Kyung, ”, Shane Oliver, Seng, Christine Lagarde, cyptocurrency bitcoin, Brent Organizations: SYDNEY, Nikkei, REUTERS, AMP Capital, Republicans, U.S, Congress, U.S . Senate, Japan’s Nikkei, Nasdaq, Dow Jones, European Central Bank, ECB Locations: Tokyo, Japan, U.S, Sydney, Asia Pacific, United States

☆ Equities dip, oil slides as global risk rally stalls
▼ + stars: | 2021-01-22 | by ( David Randall | ) www.reuters.com + 0.00 time to read: +3 min

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 21, 2021. The FTSE 100 index slipped 0.7% as data showed British retailers struggled to recover in December from a partial coronavirus lockdown the previous month. Democrats took control of the U.S. Senate on Wednesday, though they will still need Republican support to pass the plan. The dollar index rose 0.193%, with the euro down 0.04% to $1.2157. In commodities, oil prices were weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.

Persons: Joe, Biden, ”, James Athey, Brent Organizations: YORK, REUTERS, Staff, Central Bank, Republicans, U.S, Congress, U.S . Senate, Aberdeen Standard Investments, Wall, Dow Jones, Nasdaq, U.S . Locations: Japan, Europe, Frankfurt, Germany, Asia, United States, U.S, China

☆ Stocks, oil fall on weak data, earnings
▼ + stars: | 2021-01-22 | by ( Rodrigo Campos | ) www.reuters.com + 0.00 time to read: +3 min

NEW YORK (Reuters) - A gauge of stocks across the world slipped from record highs on Friday and oil prices fell to end the week little changed as weak economic data and underwhelming earnings drove investors to reverse some recent risky bets. FILE PHOTO: Traders wearing masks work,on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Financial and technology stocks weighed the most on the S&P 500, with IBM and Intel posting 10% and 9% declines respectively after underwhelming earnings. Energy stocks also fell on Wall Street, alongside the price of crude. Emerging market stocks lost 1.02%.

Persons: Brendan McDermid, ”, Rob Haworth, Brent, Louise Dickson Organizations: YORK, New York Stock Exchange, REUTERS, Financial, IBM, Intel, Energy, U.S, Bank Wealth Management, Dow Jones, Nasdaq, Nikkei Locations: New York, U.S, Seattle, EU, Asia, Pacific, Japan, China, Shanghai

☆ Weak data, earnings drag stocks lower; oil falls
▼ + stars: | 2021-01-22 | by ( Rodrigo Campos | ) www.reuters.com + 0.00 time to read: +3 min

FILE PHOTO: Traders wearing masks work,on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Technology stocks weighed the most on the S&P 500, with IBM and Intel posting 10% and 9% declines, respectively, after underwhelming earnings. Energy stocks also fell on Wall Street, alongside the price of crude. Emerging market stocks lost 0.94%. The dollar index rose 0.14%, with the euro up 0.03% to $1.2166, while sterling was last trading at $1.3683, down 0.36% on the day.

Persons: Brendan McDermid, ”, Rob Haworth, Joe Biden, Brent, Louise Dickson, Bitcoin Organizations: YORK, New York Stock Exchange, REUTERS, Technology, IBM, Intel, Energy, U.S, Bank Wealth Management, Dow Jones, Nasdaq, Nikkei Locations: New York, U.S, Seattle, EU, Asia, Pacific, Japan, China, Shanghai

☆ Emails show how Biden appointees greeted demoralized employees at federal agencies: 'These last 4 years have tested our faith in our government.'
▼ + stars: | 2021-01-22 | by ( Robin Bravender | Kimberly Leonard | ) www.businessinsider.com + 0.00 time to read: +5 min

President Joe Biden's new political appointees offered pep talks to federal employees this week. Many government workers were demoralized by frequent attacks from the Trump administration. She's one of many Obama administration veterans the Biden team has deployed across the federal government during its first days in office. Biden has promised to trust and respect government workers, and his appointees attempted to make inroads with the many federal workers who felt traumatized under the Trump administration. Smith returned to the department this week after serving as its solicitor during the Obama administration.

Persons: Joe Biden's, Trump, Obama, Jenn Jones, Jones, Biden, Donald Trump, Sean McCluskie, Xavier Becerra, CHANDAN KHANNA, —, Patricia Smith, Smith, Tarak Shah, Harris, Shah, rescinding, Katy Kale Organizations: HHS, Department of Housing, Urban Development, HUD, Biden, America, Department of Health, Human Services, Getty, Republican, Democratic, Labor Department, . Energy Department, DOE, Employees, General Services Administration, Trump

☆ A Bill Gates-led climate venture fund just raised another $1 billion. Here's the tech it's eyeing.
▼ + stars: | 2021-01-22 | by ( Benji Jones | ) www.businessinsider.com + 0.00 time to read: +4 min

Breakthrough Energy Ventures, a VC firm led by Bill Gates, just announced that it raised a second $1 billion fund for climate tech. Breakthrough Energy Ventures, a prominent venture fund led by Bill Gates, announced this week that it raised a second $1 billion fund, adding more fuel to the climate tech boom. Most of the original investors joined the second fund, along with a few new ones, BEV said. Last year, VCs poured a record $16.4 billion into technologies to lower carbon emissions, more than double the average from the previous decade. The second fund will focus on a similar set of tech with a bent towards sectors that are especially hard to clean up.

Persons: Bill Gates, BEV, Read, Gates, he's, He's, BEV's, Jeff Bezos, Richard Branson, Michael Bloomberg, VCs, ZeroAvia, CarbonCure, Eric Toone Organizations: Energy Ventures, Breakthrough Energy Ventures, Gates Ventures, Breakthrough Locations: steelmaking

☆ Biden wastes no time in unraveling Trump's pro-oil agenda
▼ + stars: | 2021-01-22 | by ( Benji Jones | ) www.businessinsider.com + 0.00 time to read: +8 min

Biden, was, of course, the man to watch, swearing into office and then wasting no time to unleash a wave of executive actions. President Joe Biden speaks before signing executive orders on his first day in White House on January 21, 2021. (Photo by MANDEL NGAN/AFP via Getty Images)It's been a bad few weeks for Trump's energy agenda. And the value of oil and gas companies shot up. "It's very convenient to dress up the ESG metrics as a reason for avoidance of the energy sector when the energy sector is the worst-performing sector in the market," he said.

Persons: Amanda Gorman, Lady Gaga, Joe Biden, Biden, Trump, Let's, MANDEL NGAN, It's, Morgan Stanley, Mike Sommers, Robyn Beck, Doug Leggate, who's, —, We've, Leggate, they've, Goldman Sachs, BI's Theo Golden, Golden, Elon Musk, Musk, BI's Tyler Sonnemaker, Bill Gates, Gates, Benji Ps, I've Organizations: Energy, Business, Getty, Wildlife, Keystone XL, Trump, Interior Department, Reuters, American Petroleum Institute, Marathon Petroleum, Angeles Refinery, Bank of America, Deal, Microsoft, Breakthrough Energy Ventures Locations: White House, AFP, Paris, Angeles, Carson , California, Anholt, Denmark

☆ Elon Musk says he'll throw $100 million into carbon capture tech. VCs including Vinod Khosla told us these 4 startups are leading the way.
▼ + stars: | 2021-01-22 | by ( Benji Jones | ) www.businessinsider.com + 0.00 time to read: +2 min

Scientists say carbon capture is necessary to achieve the goals under the Paris Agreement, which the US just rejoined. We talked to top VCs including Vinod Khosla in December about which startups to watch, and they offered four that are working on carbon capture tech. Musk has hinted in the past at the idea of using carbon-capture technologies to make rocket fuel. And Microsoft said it would put $1 billion towards carbon capture and removal early last year. Four of the names they offered up were firms focused on carbon capture, which we've included below.

Persons: Tesla, Elon Musk, Vinod Khosla, Bill Gates, Read, it's Organizations: Twitter, Breakthrough Energy Ventures, Microsoft Locations: Paris

☆ How to invest in communications stocks, a sector that's huge, highly diversified, and growing — offering something for almost every type of investor
▼ + stars: | 2021-01-22 | by ( Amy Fontinelle | ) www.businessinsider.com + 0.00 time to read: +12 min

Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.

Persons: Poor's Dow Jones, Morgan, GICS, It's, We've, Shayanne, Charles Schwab, TD Organizations: Communications, Companies, Poor's, Morgan Stanley Capital International, Lumen Technologies, Verizon Communications, Consolidated Communications Holdings, Mobile U.S, Data Systems, Boingo, Media Media, Charter Communications, Comcast, Dish Network, Fox, FOX, Nexstar Media Group, Discovery Communications, Entertainment Companies, Wrestling Entertainment, WWE, Nation Entertainment, Electronic Arts, EA, Activision Blizzard, AMC Entertainment Holdings, Netflix, Walt Disney Company, Interactive, Interactive Corp, IAC, Facebook, Twitter, Video Communications, P, Verizon, AT, Morningstar, Entertainment, Ticketmaster, Deloitte, SoFi, Fidelity, Vanguard Locations: —, subsectors

☆ Cramer’s week ahead: Jam-packed earnings calendar will offer insight into strength of U.S. business
▼ + stars: | 2021-01-22 | by ( Kevin Stankiewicz | ) www.cnbc.com + 0.00 time to read: +11 min

Monday: Kimberly-Clark earningsKimberly-Clark Q4 2020 earnings release before the bell; conference call at 10 a.m. General Electric Q4 2020 earnings release before the bell; conference call at 8 a.m. American Express Q4 2020 earnings release before the bell: conference call at 8:30 a.m. Friday: Honeywell, Chevron, Caterpillar and Eli Lilly earningsHoneywell Q4 2020 earnings release before the bell; conference call at 8:30 a.m. Eli Lilly Q4 2020 earnings release before the bell; conference call at 9 a.m.

Persons: CNBC's Jim Cramer, Joe Biden's, Cramer, Covid, Kimberly, Clark, Johnson, Ruvic, Larry Culp, Biden, That's, AMD's, you've, Richard Baker, Jerome Powell, it's, I've, They've, I'm, Tesla, Elon Musk doesn't, Noam Galai, Donald Trump, Eli Lilly, Honeywell's, Oil's, Eli Lilly's ramped Organizations: Nasdaq, Dow Jones, Dow, Zacks Investment Research, Reuters, Electric, AMD, Microsoft, Johnson, General Electric, Starbucks, Boeing, Farnborough, Pictures, Abbott Laboratories, Apple, Facebook, Federal, Abbott, FDA, Mastercard, Visa, Skyworks, PayPal, Honeywell, Chevron, Caterpillar Locations: United States, China, McDonald's, Union, New York City

☆ Not company earnings, not data but vaccines now steering investor sentiment
▼ + stars: | 2021-01-21 | by ( Marc Jones | Dhara Ranasinghe | ) www.reuters.com + 0.00 time to read: +4 min

FILE PHOTO: People queue outside a COVID-19 vaccination center, at STEAM Museum, amid the outbreak of the coronavirus disease (COVID-19) in Swindon, Britain, January 21, 2021. REUTERS/Peter Cziborra/File PhotoConsensus is for world economic growth to rebound this year above 5%, while Refinitiv I/B/E/S forecasts that 2021 earnings will expand 38% and 21% in Europe and the United States respectively. Patchy vaccine progress has forced some to push back initial estimates of when herd immunity could kick in. Shamik Dhar, chief economist at BNY Mellon Investment Management expects double-digit GDP bouncebacks in Britain and the United States but noted sluggish euro zone progress. Jack Allen-Reynolds, senior European economist at Capital Economics, said the slow vaccine progress and lockdowns had led him to revise down his euro zone 2021 GDP forecasts by a whole percentage point to 4%.

Persons: Peter Cziborra, Refinitiv, ”, Mark McCormick, Shamik Dhar, Jack Allen, Reynolds, lockdowns, Deutsche, Hans Peterson, ” Peterson Organizations: REUTERS, TD Securities, Deutsche Bank, ARM, BNY Mellon Investment Management, Capital Economics, SEB Investment Management Locations: Swindon, Britain, Europe, United States, Israel, South Africa, Brazil, Germany, France, Netherlands

It’s the silent stories — those too dangerous to tell — that characterize much of queer history. That fear-induced secrecy has left large swaths of our archives absent of queer narratives, especially queer Black narratives. “How could it possibly be that Black queer people did not exist prior to the Harlem Renaissance?” he asked. “Maybe we did not have the word ‘queer’... maybe we didn't have the language, but people don't appear because of the language. The wedding is a reminder that same-sex Black love is something that has existed — and has been celebrated — across centuries.

Persons: Robert Jones Jr, Samuel, Isaiah, Jones, Putnam's, ”, Toni Morrison, he’d, ” Samuel, ” Jones, “, Amos, Alberto Vargas, it’s, Isaiah’s, queerness, Brother Gabriel, Maggie, I'm, we're Organizations: Black, Southern Baptist, NBC, Twitter, Facebook Locations: Brooklyn , New York, Harlem, Mississippi, Black, Samuel, Kosii, America

☆ New York emerges winner as Brexit pushes swaps trading from London
▼ + stars: | 2021-01-21 | by ( Huw Jones | ) www.reuters.com sentiment -1.00 time to read: +2 min

LONDON (Reuters) - Britain’s exit from the European Union has pushed swathes of derivatives trading from London to the bloc and the United States in a further blow to the capital’s financial sector. Britain has called on the EU to grant access to trading platforms in London, the world’s biggest centre for swaps, but Brussels has declined so far. The shift mirrors a move in euro denominated share trading worth 6.5 billion euros a day that left London on Jan. 4 for trading platforms in the EU. Trading in euro-denominated government bonds left London for the continent after Britain voted in 2016 to exit the bloc. Eric Litvack, group director of public affairs at French bank SocGen said firms were adapting to “new realities” as some swaps trading left London for EU and U.S. platforms.

Persons: Lucas Jackson, ”, Kirston Winters, Eric Litvack, SocGen Organizations: European Union, REUTERS, IHS, IHS Markit, EU, Trading, Britain, The Bank of England Locations: London, United States, New York City , New York, U.S, EU, Britain, Brussels

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