banking current events 2020
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Nu Skin Enterprises Sees A Welcome RS Rating Increase
In a welcome move, Nu Skin Enterprises (NUS) saw its Relative Strength Rating rise from 69 to 72 on Tuesday.…
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Google and Samsung are teaming up to take on the Apple Watch — here’s what that means for smartwatch shoppers
If you buy through our links, we may earn money from affiliate partners. Learn more. Google and Samsung are working…
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JPMorgan reshuffles leadership as Gordon Smith announces retirement
JPMorgan Chase, the nation’s largest bank, has appointed a new chief financial officer and moved other top leaders into new…
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Dow Jones Declines Amid Janet Yellen Comments; Walmart Rises On Earnings; These Breakouts Fizzle
The Dow Jones Industrial Average fell in today’s market, extending its losses from Monday. The tech-heavy Nasdaq erased the day’s…
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Bank of America raising minimum wage to $25 per hour in race for talent
Bank of America will boost its minimum hourly wage to $25 an hour by 2025 from a current $20, according…
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‘Grand Theft Auto’ Publisher Take-Two Murders March-Quarter Estimates
Video game publisher Take-Two Interactive Software (TTWO) late Tuesday crushed Wall Street’s targets for its fiscal fourth quarter. But it…
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The 5 best roach killers and traps in 2021
If your goal is the complete and total global eradication of the cockroach, sorry, but you’re probably choosing a losing…
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Why Goldman Sachs recruited an Uber exec to run Marcus
For years, financial services firms have said they want their apps to be as intuitive as Uber’s ride-hailing app. But…
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BHP Billiton Composite Rating Rises To 96 Amid Continuing Robust Sales, Profit Growth
Mining giant BHP Billiton is continuing to rebound after a remarkable turnaround. In early 2020 its sales and profits shrank…
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I’ve tested dozens of mattresses and the Leesa Hybrid is one of the most comfortable — it’s also 20% off with our exclusive discount
If you buy through our links, we may earn money from affiliate partners. Learn more. The Leesa Hybrid is the…
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Bitcoin falls 7% after China reportedly bans banks from cryptocurrency business
Cesc Maymo/Getty Images Bitcoin’s recovery from Monday’s sell-off lost steam on Tuesday after Reuters reported that China banned financial companies…
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Senators still can’t find common ground on flood insurance reform
WASHINGTON — Long-term flood insurance reform has eluded Congress for years. Lawmakers have had to pass short-term reauthorizations of the…
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Horizon Therapeutics Stock Flashes Improved Technical Strength; Nears Buy Point
Horizon Therapeutics (HZNP) had its Relative Strength (RS) Rating upgraded from 70 to 75 Tuesday — a welcome improvement, but…
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Andrew Yang proposes lowering NYC voting age to 16 and allowing green-card holders to vote in local elections
New York City mayoral hopeful Andrew Yang on Tuesday spoke in favor of lowering the voting age to 16. Yang…
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OCC hits brakes on rollout of Trump-era CRA rule
WASHINGTON — The Office of the Comptroller of the Currency on Tuesday halted the implementation of its 2020 rule overhauling…
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JPMorgan just named 2 new co-heads of consumer banking, and the leadership shakeup gives clues to who will eventually take over from CEO Jamie Dimon
JPMorgan promoted Marianne Lake and Jennifer Piepszak to co-lead the firm’s consumer bank. The consumer-lending chief and CFO are taking…
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Flush with capital, banks rush to repurchase stock
Share buyback programs, shelved by many banks early in 2020 amid pressure from regulators to preserve capital in the midst…
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TruEnergy FCU elevates Benson to CEO
TruEnergy Federal Credit Union in Springfield, Virginia, named Scott Benson as its next president and CEO. The $142 million-asset credit…
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Lamborghini says it will make its first fully electric car after 2025 and invest $1.8 billion in a ‘hybrid transition’
Lamborghini plans to make its first fully electric car after 2025. The Volkswagen-owned brand said it would invest $1.8 billion…
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Dow Jones Reverses As Home Depot, Walmart Report Earnings; Tesla Slides Again
The Dow Jones Industrial Average traded effectively flat on Tuesday, as Home Depot and Walmart both reported strong earnings results.…
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AMC extends 8-day winning streak to 66% as Reddit chatter around meme stocks picks up
Frederic J. Brown/AFP via Getty Images Shares of AMC Entertainment extended their eight-day winning streak to 66%, the longest positive…
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A wealth manager who oversees $1.2 billion says investors in passive, low-cost index funds are taking on more risk than they realize — and offers 3 safer ETF alternatives
Small-cap growth stocks have provided incredible returns, but big rewards come with big risks. Even investors who use passive index…
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Dow Giant Flashes Buy Signal On Booming Earnings, Sales
Home improvement giant Home Depot (HD) easily beat first-quarter estimates early Tuesday, as renovations and construction continue to boom amid…
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French refurbished electronics startup Back Market raises $335 million to expand US operations
French refurbished goods marketplace startup Back Market has raised $335 million. The online marketplace operates across 13 countries, including the…
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A sun-skimming spacecraft captured video of a massive plasma eruption on the solar surface for the first time
The sun is constantly bubbling and bursting. If eruptions on its surface are big enough, they can send billions of tons…
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Amazon reportedly negotiating deal to acquire MGM for around $9 billion
Amazon has been in negotiations to acquire MGM for about $9 billion, Variety reported Monday. The tech giant has reportedly…
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Caitlyn Jenner is using a campaign fundraising trick from Trump’s playbook that commits donors to recurring payments
Donors to Trump’s election campaign were hit with pre-checked recurring monthly donations. The campaign tactic has been denounced by election…
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Large-Cap Leader Regions Financial Takes Next Step Into Buy Zone
Having already earned a spot on the IBD Big Cap 20, S&P 500 banking stock Regions Financial (RF) is now…
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Top-Rated Stocks: NVR Sees Composite Rating Climb To 97
With mortgage rates still very low, housing in short supply and demand high, homebuilders remain a hot sector. And on…
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The 11 best Airbnbs in Key West from charming cottages close to Duval Street to tranquil stays on private beaches
If you buy through our links, we may earn money from affiliate partners. Learn more. Key West is one of…
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FDIC asks industry for input about digital assets
WASHINGTON — The Federal Deposit Insurance Corp. on Monday issued a wide-ranging request for information on activities by banks to…
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Apple has stored the data of thousands of customers on Chinese servers and censored apps to please the government that controls most of its supply chain, the New York Times reports
Apple has catered to China’s government as it relies on the country’s supply chain, the NYT reports. Tim Cook approved…
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Debt-relief firm agrees to pay $5.4M in restitution to consumers: CFPB
A large debt-settlement firm has agreed to pay $5.4 million in restitution to consumers for allegedly charging upfront fees before…
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The 5 best air fryers we tested in 2021
Air fryer FAQs Is air fried food healthy? The short answer is that it depends what you’re cooking and how…
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MUFG hires restaurant bankers away from Wells Fargo
Mitsubishi UFJ Financial Group has hired a team of bankers away from Wells Fargo in a bid to beef up…
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Medical Stocks Jazz, Horizon Are Accelerating But Iqvia Is Hitting The Brakes
Jazz Pharmaceuticals (JAZZ) and Horizon Therapeutics (HZNP) stand among a cadre of accelerating medical stocks, while big names like Iqvia…
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IBD 50 Stocks To Watch: Is Apple Supplier Jabil In Buy Range As It Finds Key Support?
Apple supplier Jabil (JBL), featured in today’s IBD 50 Stocks To Watch, is in buy range as it scores triple-digit…
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Bitcoin, Bitcoin Stocks Tumble On Musk Tweets
Bitcoin and cryptocurrency-related stocks are on a wild ride after Tesla (TSLA) CEO Elon Musk lit up Twitter over the…
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The US is studying how COVID-19 vaccines work in people with suppressed immune systems — after research suggested they develop fewer antibodies from the shots
The US National Institutes of Health will analyze study participants’ T cells and antibodies. It’s unclear whether people with immune…
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3 tips for logistics startups seeking venture capital, from an Uber Freight exec turned investor
Annie Kadavy is an early-stage investor at Redpoint Ventures. Before her current role, she helped build Uber Freight, Uber’s trucking…
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New Oil Barons Strike It $329 Billion Richer On Powerful Rally
“Clean energy” might get all the attention. But this year, investors in traditional S&P 500 energy stocks are getting filthy…
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Palm Beach County prosecutor says Gov. Ron DeSantis can’t stop Trump from getting extradited to New York if he’s indicted
Palm Beach County’s top prosecutor told CNN that Ron DeSantis can’t block a possible Trump extradition, if he’s indicted. DeSantis’…
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Morgan Stanley, Citi, and The Carlyle Group discuss why sustainable finance is good for the world — and companies’ bottom lines
Leaders from Morgan Stanley, Citi, and The Carlyle Group spoke about the importance of sustainable finance. The panelists agreed there…
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Elon Musk continues to talk up dogecoin – to the dismay of bitcoin bulls
Elon Musk tweeted about improving the dogecoin network on Sunday and said “obnoxious” bitcoin bulls made him want to go…
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Mike Mayo sees big job cuts at banks; central banks wrestle with climate change
Wall Street Journal Overstepping? Global central banks are “jumping into the climate-change policy fray, but some say regulators are going…
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Top Stories this AM: ‘uncomfortable’ Gates revelations; Matt Gaetz on ‘naughty favors’; has Musk made the Bitcoin bubble burst?
Good morning and welcome to your weekday morning roundup of the top stories you need to know. For more daily…
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Bitcoin crashes to $42,000 after Elon Musk tweet-storm – but rebounds after he clarifies Tesla hasn’t sold its holdings
Elon Musk suggested Tesla may sell its bitcoin stake, but clarified that it hasn’t yet. PETER PARKS/AFP via Getty Images…
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Texas bill targets large banks’ gun policies. Small banks don’t object.
Large out-of-state banks have been working to defeat a bill in the Texas legislature that would lock them out of…
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Croonin’ Bernie Sanders is still collecting royalties from his 34-year-old folk album
Sanders also reported a recent book payment windfall, as did several other senators Rep. Marjorie Taylor Greene recently bought stock…
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Sanofi and GlaxoSmithKline say their COVID-19 vaccine triggers a strong immune response, bolstering the late-comer program’s potential as a booster shot
Sanofi and GlaxoSmithKline said that their experimental COVID-19 vaccine succeeded in a mid-stage trial. The pharma giants plan to launch…
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