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Netflix and Disney are trading places: Disney is the upstart, Netflix the old guard


Created: Wed, 20 Jan 2021 00:05:48 GMT

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Investors want Disney to use excess capital for more streaming video, while Netflix suggests it may start buying back stock as it turns cash-flow positive.

Read more: Netflix and Disney are trading places: Disney is the upstart, Netflix the old guard


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


Created: Wed, 20 Jan 2021 00:12:02 GMT

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Trump praised his administration's efforts to combat the coronavirus pandemic, the death toll of which topped 400,000 earlier Tuesday.

Read more: Trump doesn't mention Biden in farewell address that glosses over Capitol riot and Covid deaths


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


Created: Wed, 20 Jan 2021 00:07:41 GMT

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The new company's plans come as legacy automakers are struggling to convince Wall Street that they can compete against Tesla and a host of new EV start-ups.

Read more: From Jeep to Maserati, Stellantis to roll out 10 new EV models in 2021


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


Created: Tue, 19 Jan 2021 21:57:51 GMT

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Joe Biden will deliver an inauguration speech centered on unity as the U.S. faces one of its most chaotic transfers of power.

Read more: Biden's inauguration speech to stress unity amid a national crisis


Netflix will consider buybacks as it returns to positive cash flow after 2021


Created: Wed, 20 Jan 2021 01:07:50 GMT

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Netflix said it will end a decade-long cash-burning narrative that worried skeptics but didn't faze Wall Street.

Read more: Netflix will consider buybacks as it returns to positive cash flow after 2021


Biden's incoming CDC director says she's 'optimistic' Covid vaccines will work against new variants


Created: Tue, 19 Jan 2021 21:18:50 GMT

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"I'm really optimistic about how these variants are going to go," Dr. Rochelle Walensky, the incoming CDC director, told the JAMA Network on Tuesday.

Read more: Biden's incoming CDC director says she's 'optimistic' Covid vaccines will work against new variants


Netflix shares rise on strong subscriber growth, considers share buybacks


Created: Tue, 19 Jan 2021 23:53:19 GMT

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The company said it is close to being free cash flow positive and will consider returning cash to shareholders through buybacks. 

Read more: Netflix shares rise on strong subscriber growth, considers share buybacks


Five key takeaways from Janet Yellen's Treasury confirmation hearing


Created: Tue, 19 Jan 2021 22:48:33 GMT

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An audience of mostly friendly legislators questioned Yellen across a variety of topics.

Read more: Five key takeaways from Janet Yellen's Treasury confirmation hearing


Biden delivers emotional tribute to Delaware and his late son on eve of inauguration


Created: Tue, 19 Jan 2021 22:27:36 GMT

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Biden is scheduled to deliver additional remarks later Tuesday at the Lincoln Memorial in a ceremony honoring the victims of the coronavirus.

Read more: Biden delivers emotional tribute to Delaware and his late son on eve of inauguration


Biden's incoming CDC director says Trump administration has 'muzzled' scientists: 'I have to fix that'


Created: Tue, 19 Jan 2021 20:51:47 GMT

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Dr. Rochelle Walensky, Biden's incoming CDC director, said she intends to revamp the agency's public communications strategy.

Read more: Biden's incoming CDC director says Trump administration has 'muzzled' scientists: 'I have to fix that'


Biden looks to give a big boost to homebuyers and builders


Created: Tue, 19 Jan 2021 23:26:15 GMT

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President-elect Joe Biden's housing agenda is focused on affordability. Changes to mortgage lending and home construction will be key.

Read more: Biden looks to give a big boost to homebuyers and builders


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


Created: Tue, 19 Jan 2021 19:58:58 GMT

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As Joe Biden prepares to be inaugurated, prosecutors are ramping up arrests of supporters of President Donald Trump related to alleged violence.

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


Teachers are next in line for the Covid vaccine, paving the way for schools to reopen


Created: Tue, 19 Jan 2021 19:38:46 GMT

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President-elect Joe Biden said his plan includes reopening a majority of kindergarten-to-eighth-grade schools within the first 100 days in office.

Read more: Teachers are next in line for the Covid vaccine, paving the way for schools to reopen


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


Created: Tue, 19 Jan 2021 19:26:37 GMT

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Elon Musk's SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads for its Starship rocket.

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


Clean energy will be a top theme in ETFs this year, market analysts say


Created: Tue, 19 Jan 2021 17:28:27 GMT

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From clean energy to cloud computing, thematic ETFs are set to continue their explosive growth in the new year, three market analysts say.

Read more: Clean energy will be a top theme in ETFs this year, market analysts say


Trump provoked deadly Capitol riot, Senate GOP leader Mitch McConnell says


Created: Tue, 19 Jan 2021 18:45:23 GMT

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McConnell's remarks came as he and Senate Minority Leader Chuck Schumer work to hash out details on Trump's impending impeachment trial.

Read more: Trump provoked deadly Capitol riot, Senate GOP leader Mitch McConnell says


Schumer and McConnell move to set rules for deadlocked Senate, Trump impeachment trial


Created: Tue, 19 Jan 2021 22:31:21 GMT

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The Senate will deal with a 50-50 split, President Trump's impeachment trial and confirmation of President-elect Joe Biden's Cabinet.

Read more: Schumer and McConnell move to set rules for deadlocked Senate, Trump impeachment trial


Trump pardons expected in final hours of his presidency


Created: Wed, 20 Jan 2021 00:33:50 GMT

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Trump since losing the election to Joe Biden has issued pardons to political allies, such as Paul Manafort and Michael Flynn, and several dozen others.

Read more: Trump pardons expected in final hours of his presidency


EV start-up Rivian raises $2.65 billion in new funding round led by T. Rowe Price


Created: Tue, 19 Jan 2021 18:23:47 GMT

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Rivian has raised about about $8 billion since 2019 as the company moves closer to production of an all-electric pickup and SUV.

Read more: EV start-up Rivian raises $2.65 billion in new funding round led by T. Rowe Price


Dr. Scott Gottlieb estimates only about 120 million people in U.S. really want Covid vaccine


Created: Tue, 19 Jan 2021 15:29:35 GMT

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"We can't lose sight of that and just take for granted that everyone wants this vaccine," the former FDA chief told CNBC.

Read more: Dr. Scott Gottlieb estimates only about 120 million people in U.S. really want Covid vaccine


Watch Janet Yellen speak live during her confirmation hearing as Treasury Secretary


Created: Tue, 19 Jan 2021 15:09:35 GMT

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Janet Yellen faces the Senate Finance Committee on Tuesday for her confirmation hearing to the post of Treasury Secretary.

Read more: Watch Janet Yellen speak live during her confirmation hearing as Treasury Secretary


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


Created: Tue, 19 Jan 2021 17:06:49 GMT

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Airlines are carrying fewer people but bad behavior is on the rise.

Read more: Flight attendants play 'babysitter for adults' as bad behavior onboard spikes; FAA threatens hefty fines


ViacomCBS to launch streaming service Paramount+ on March 4, to compete with Disney+, HBO Max


Created: Tue, 19 Jan 2021 16:27:12 GMT

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Newly combined ViacomCBS is set to launch its streaming service Paramount+ in the U.S. on March 4, the company announced Tuesday.

Read more: ViacomCBS to launch streaming service Paramount+ on March 4, to compete with Disney+, HBO Max


Stellantis jumps 11% in NYSE debut. Here's what you need to know about the world's fourth-largest automaker


Created: Tue, 19 Jan 2021 16:36:35 GMT

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Stellantis – the merged automaker of Fiat Chrysler and France-based Groupe PSA – is the world's fourth-largest automaker by volume.

Read more: Stellantis jumps 11% in NYSE debut. Here's what you need to know about the world's fourth-largest automaker


IHOP introduces burritos and bowls in push for more takeout customers


Created: Tue, 19 Jan 2021 14:00:01 GMT

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The Dine Brands chain is hoping to entice customers with the easy portability of the burritos and bowls, which will be available all day.

Read more: IHOP introduces burritos and bowls in push for more takeout customers


Stocks making the biggest moves in the premarket: Goldman Sachs, Bank of America, GE & more


Created: Tue, 19 Jan 2021 13:07:54 GMT

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The stocks making the biggest moves in premarket trading include Goldman Sachs, Bank of America, GE, and more.

Read more: Stocks making the biggest moves in the premarket: Goldman Sachs, Bank of America, GE & more


Goldman Sachs crushes analysts' estimates on stronger-than-expected stock trading, investment banking


Created: Tue, 19 Jan 2021 21:17:48 GMT

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Goldman equities traders produced a 40% bump in revenue from a year earlier to $2.39 billion, exceeding expectations by nearly half a billion dollars.

Read more: Goldman Sachs crushes analysts' estimates on stronger-than-expected stock trading, investment banking


Bank of America posts quarterly profit that exceeds analysts’ expectations but revenue falls short


Created: Tue, 19 Jan 2021 21:16:35 GMT

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Bank of America revenue of $20.2 billion fell short of the $20.7 billion expected by Wall Street analysts.

Read more: Bank of America posts quarterly profit that exceeds analysts’ expectations but revenue falls short


Treasury yields flat as investors gauge Yellen comments


Created: Tue, 19 Jan 2021 20:50:03 GMT

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U.S. Treasury yields were flat on Tuesday, as traders digested comments from Treasury Secretary nominee Janet Yellen.

Read more: Treasury yields flat as investors gauge Yellen comments


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


Created: Tue, 19 Jan 2021 12:19:24 GMT

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Biden Covid advisor Dr. Celine Gounder said the New York governor's request to buy the Pfizer vaccine directly could cause more problems than it solves.

Read more: Biden Covid advisor challenges Cuomo's letter to buy vaccine directly from Pfizer

 
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