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'Making Progress': Stock Market Update For The Week Ahead
Monday, December 21, 2020 - 8:12am | 1049The Past Week, In A Nutshell What Happened: Despite a volatile week, U.S. index futures managed to establish new all-time highs. Remember This: “In the longer term, the good news is that vaccines are now rolling out increasingly quickly,” said Brad McMillan, chief investment officer at...
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US Congressional Lawmakers Agree To Long-Awaited $900-Billion COVID-19 Relief Bill (Update)
Sunday, December 20, 2020 - 6:53pm | 573U.S. lawmakers have agreed to the much-awaited stimulus bill to offset the economic impact of the COVID-19 pandemic. What Happened: Senator Majority Leader Mitch McConnell first announced that the $900 billion deal had been reached. House Speaker Nancy Pelosi in a press conference...
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Fintech Focus For November 18, 2020
Tuesday, November 17, 2020 - 6:49pm | 2035Quote Of The Day: We are what we repeatedly do; excellence, then, is not an act but a habit. - Aristotle Fintech Movers: Robinhood Markets, the trading platform that’s proved popular with novice investors, has asked banks to pitch for roles in an initial public offering, according to people...
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Cramer Thinks Credit Card Stocks Could Be Winners Of Economic Reopening
Monday, November 9, 2020 - 12:04pm | 426Jim Cramer is sharing thoughts on why some stocks are trading higher or lower that shouldn’t be. Cramer on Credit Cards: The discussion Monday morning on CNBC showed that many of the large banks were trading higher. “Visa and Mastercard are the real winners of reopening, not JPMorgan....
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Jim Cramer On Potential Lockdown, Buying Opportunity In Stocks
Wednesday, October 28, 2020 - 9:11am | 316On Wednesday morning, Jim Cramer shared his first take on the markets which included opinions on potential lockdowns, more layoffs, and if there is a buying opportunity in stocks. Cramer on Lockdowns: While appearing on "Squawk on the Street," Cramer discussed the potential for...
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Fintech Focus For October 26, 2020
Sunday, October 25, 2020 - 11:22pm | 1955Quote Of The Day: Love the life you live. Live the life you love. - Bob Marley Fintech Movers: As fintech companies mature, many no longer aspire to be the best at one thing. That could mean not only new revenue sources for fintech companies, but also additional venture capital to startups and...
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Economic Recovery Could Slow In Q4, JPMorgan Chief Global Strategist Warns
Thursday, October 22, 2020 - 6:51am | 409The economic recovery in the fourth quarter could slow once the stimulus fades off, JPMorgan Asset Management’s David Kelly told CNBC. Interview Highlights: "It looks like an economic recovery, but it's actually a steroid kind of recovery," said Kelly. America's...
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Treasury Yields Rise On Hopes Of A Stimulus Before Election
Monday, October 19, 2020 - 7:03am | 319U.S. treasury prices are declining in early Monday's trade as investors cheer the optimism of a stimulus before the elections. House Speaker Nancy Pelosi (D-Calif.) has set a 48-hour deadline on stimulus negotiations after speaking to Treasury Secretary Steven Mnuchin on Saturday, reports...
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Fintech Focus For October 16, 2020
Thursday, October 15, 2020 - 6:42pm | 2217Quote Of The Day: Cowboy innovation is worse than no innovation at all. - Alan Konevsky Fintech Movers: The shift toward touchless payments is dramatic, with 8x more earnings calls mentions vs. last year. - CB Insights Metromile eyes insurance transparency. Intel bought digital currency for 5...
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Donald Trump's Latest Thoughts On COVID-19 Vaccines, Social Media, China And More
Thursday, October 15, 2020 - 1:05pm | 659U.S. President Donald Trump appeared on Fox Business with Stuart Varney for an hour Thursday morning to share his thoughts on several topics. Congress continues to be at a stalemate over a potential stimulus offer. Trump said he would raise the stimulus offer above $1.8 trillion. Trump said he...
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Jim Cramer's Take On Stimulus Talks, Earnings, Fastly's Stock Drop
Thursday, October 15, 2020 - 9:22am | 445On CNBC’s “Squawk Box” Thursday morning, Jim Cramer shared his thoughts on a potential stimulus deal, the drop in Fastly shares and earnings from this week. Cramer on Stimulus Deal: Shortly after Treasury Secretary Steven Mnuchin held an interview with CNBC, Jim Cramer shared his...
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'Better Than Expected': Stock Market Update For The Week Ahead
Sunday, October 11, 2020 - 6:35pm | 1496The Past Week, In A Nutshell What Happened: Last week ended positive alongside progress in stimulus talks. Remember This: “Very rarely in the last 10 years have we seen earnings estimates moving higher after a quarterly reporting season,” said Art Hogan, chief market strategist at...
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Fintech Focus For October 8, 2020
Wednesday, October 7, 2020 - 6:07pm | 2475Quote Of The Day: It is during our darkest moments that we must focus to see the light. - Aristotle Fintech Movers: [Bank of America] said it applied for 415 patents this year for innovations regarding money transfer, bill payments, ATM transaction pre-staging, check verification using augmented...
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Stock Index Futures Reverse After Trump's Tweet Supporting Airline Relief, PPP
Wednesday, October 7, 2020 - 2:32am | 634U.S. markets fell sharply on Tuesday as President Donald Trump stalled the stimulus talks. Dow Jones and the S&P 500 futures have reversed course after Trump tweeted in support of signing the $25 billion airline relief package and $135 billion Paycheck Protection Program late Tuesday. What...
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Mark Cuban's Use-It-Or-Lose-It Stimulus Idea: The Sectors That Would Win
Monday, September 28, 2020 - 11:57am | 697With Congress struggling to pass a second stimulus plan, Mark Cuban has doubled down on his plan from May to help provide relief to those who need it and help stimulate the economy. Cuban’s Plan: Cuban, who is also the owner of the NBA’s Dallas Mavericks, is calling for $1,000 stimulus...