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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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