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Nasdaq closes at record high as Congress inches toward stimulus deal

Lukas Jackson/Reuters US stocks closed mixed on Thursday amid falling jobless claims and new hopes for a stimulus deal.The Nasdaq composite closed at all-time highs, while the S&P 500 lost its record close in the final hour of trading.New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000.Lawmakers warmed up to the $908 billion proposal Democratic leaders embraced on Wednesd...
Tags: Energy, Congress, Senate, US, Trends, Markets, Tesla, Bank Of America, Opec, Bloomberg, Bureau of Labor Statistics, House, Treasury, Mitch McConnell, Oil Price, Goldman Sachs


Stripe announces embedded business banking service Stripe Treasury

Fintech startup Stripe has announced an ambitious new product today called Stripe Treasury. The company is partnering with banks to offer a banking-as-a-service API. In other words, Stripe clients will be able to provide bank accounts to their customers — the service is invite-only for now. This is part of a bigger trend called embedded finance. Essentially, instead of separating banking services from other services that you use, embedded finance products provide financial services as close a...
Tags: Startups, Finance, Tech, Goldman Sachs, Citibank, Stripe, Fintech, Shopify, Evolve Bank, Shopify Balance, Stripe Treasury, Stripe Treasury for Shopify Balance If a Shopify, U S Eventually Stripe, Barclays Stripe


Long-time Tesla bear Jim Chanos reduces his short in the company and says his position has been 'painful'

David Orrell/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Legendary short-seller Jim Chanos told Bloomberg he's reduced the size of his Tesla short, adding that his position has been "painful," for the last 12 months.Shares of the electric vehicle maker are up roughly 750% since last year, but Chanos said he still sees issues with Tesla's business model and valuation. "We're not max short, but we are still short," he said. "But there's now so many other things to do in the EV space that ...
Tags: Trends, Markets, Tesla, Bloomberg, Goldman Sachs, Morgan Stanley, Goldman, Chano, Jim Chanos Short, Jim Chanos, Kynikos Associates, Chanos, Tesla Bear, Tesla Short, Stock Market Outlook, Emily Graffeo


Google, Amazon, IBM, and more major companies offer free or cheap online courses taught by their staff - gain entry-level skills and certificates from the best teachers in the field

When you buy through our links, we may earn money from our affiliate partners. Learn more. Alyssa Powell/Business Insider Major companies such as Google, Facebook, Amazon, and IBM offer instructional online courses for cheap or free. They help students prepare for industry exams, build skills companies are hiring for, or serve a public good. Some companies even use online courses to provide growth and career advancement to their current employees, and many are taught by longtime employee...
Tags: Google, Facebook, Okta, US, Trends, Google Search, Mit, Harvard, Aws, Ibm, Goldman Sachs, Autodesk, University of Oxford, Amazon Web Services, Coursera, Linux Foundation


Tesla jumps 5% after Goldman Sachs upgrades the automaker's stock and boosts its price target by 40%

AP Photo/Ng Han Guan Tesla gained on Tuesday after Goldman Sachs upgraded the electric vehicle maker's stock to "buy" from "neutral" and raised its price target to $780.Strategists believe mainstream adoption of electric vehicles is accelerating, battery prices are falling fast, and government regulations will eventually phase out higher-emission vehicles.Tesla's other clean-energy products, including solar panels and roofs, make for promising opportunities."The energy business should also...
Tags: Trends, Tesla, Hsbc, Goldman Sachs, Morgan Stanley, Goldman, Shalini Nagarajan, Ng Han Guan Tesla, MarketBeat Read


Goldman Sachs says Tesla will sell 15 million cars per year by 2040 - nearly double General Motors

SpaceX owner and Tesla CEO Elon Musk poses after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke Goldman Sachs is now Tesla's biggest bull on Wall Street.  The company could sell 15 million cars annually by 2040, the bank said Wednesday.  Last year, Tesla sold about 368,000 cars worldwide.  Visit Business Insider's homepage for more stories. Tesla's already worth more than any other American automaker, and Goldman Sach...
Tags: Transportation, Spacex, Elon Musk, News, Wall Street, Berlin, Trends, General Motors, Tesla, Ford, Goldman Sachs, Goldman, Musk, Tesla CEO Elon Musk, FSD, Tech Insider


US stocks edge towards new records after jobless claims fall more than expected

Getty Images / Xinhua News Agency US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labor-market improvement.New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000.The mild uptick puts the S&P 500 at the brink of yet another record high. Stocks edged higher on Wednesday after Democrats embraced a bipartisan stimulus deal callin...
Tags: Wall Street, Senate, US, Trends, Markets, Tesla, Opec, Bloomberg, Bureau of Labor Statistics, Treasury, Mitch McConnell, Oil Price, Goldman Sachs, Morgan Stanley, Nasdaq, Dow Jones


10 things you need to know before the opening bell

Mario Tama/Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon!Here's what you need to know before markets open.1. Tesla jumps after Goldman Sachs upgrades its stock. The EV-maker's rating was lifted to "buy" from "neutral" and its price target boosted to $780.2. An $11 billion hedge fund scored a 52% gain this...
Tags: Global, US, Trends, Markets, Merck, Tesla, Treasury, Berkshire Hathaway, Warren Buffett, Goldman Sachs, EIA, Blackrock, Wells Fargo, Adam Schwartz, Ulta Beauty, Mario Tama Getty


Tesla jumps after Goldman Sachs upgrades the automaker's stock and boosts its price target by 40%

AP Photo/Ng Han Guan Tesla gained in pre-market trading Tuesday after Goldman Sachs upgraded the electric vehicle maker's stock to "buy" from "neutral" and raised its price target to $780.Strategists believe mainstream adoption of electric vehicles is accelerating, battery prices are falling fast, and government regulations will eventually phase out higher-emission vehicles.Tesla's other clean-energy products, including solar panels and roofs, make for promising opportunities."The energy b...
Tags: Trends, Tesla, Goldman Sachs, Nasdaq, Goldman, Shalini Nagarajan, Ng Han Guan Tesla


US stocks erase losses, finish higher amid renewed stimulus optimism

Getty Images / Bryan R. Smith US stocks erased their morning losses and closed higher on Wednesday as investors once again latched onto hope that another round of fiscal stimulus is imminent.Democratic leaders embraced a bipartisan proposal for $908 billion in stimulus, as they hope to get the bill passed and enacted before crucial unemployment benefits expire next month.Watch major indexes update live here.After an initial morning decline, US stocks finished mostly higher on Wednesday as ...
Tags: UK, Microsoft, Finance, US, Trends, Markets, Merck, Joe Biden, Hsbc, Trading, Stocks, Goldman Sachs, Pfizer, Stock Market, Donald Trump, Morgan Stanley


Helping big banks out-Affirm Affirm and out-Chime Chime, gives Amount a $681 million valuation

Amount, a new service that helps traditional banks compete in a digital world, has raised $81 million from none other than Goldman Sachs as it looks to help legacy fintech players compete with their more nimble digital counterparts. The company, which spun out from the startup lending company Avant Credit in January of this year, has already inked deals with Banco P opular, HSBC, Regions Bank and TD Bank to power their digital banking services and offer products like point-of-sale lendin...
Tags: TC, Money, Finance, Tech, Economy, Hsbc, Bank, Goldman Sachs, Vice President, Financial Services, Goldman, Affirm, Advisor, Klarna, Challenger Banks, Hughes


4 reasons why the S&P 500 will soar 25% by the end of 2022, according to Goldman's US stock chief

Brendan McDermid/Reuters Goldman Sach's David Kostin told Bloomberg TV the S&P 500 could reach 4600 by the end of 2022, a roughly 25% gain from current levels. The chief US equity strategist laid out 4 reasons for his bullish prediction: an improving economy, rising earnings growth, historically low interest rates, and the so-called "TINA" trade that will continue to push investors into stocks.Kostin added that inflation will remain low which allows companies to have a broader level of ear...
Tags: US, Trends, Markets, Bloomberg, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Federal Reserve, Goldman, S&P 500, Wells Fargo, Fed, Tina, Bloomberg TV, David Kostin, Brendan Mcdermid


US stocks fall as November ADP jobs report misses expectations

Getty Images / Xinhua News Agency US stocks declined on Tuesday as November's ADP employment report showing 307,000 new jobs added came in below expectations.US investors could point to good news across the pond, as the UK became the first country in the world to grant emergency use authorization for Pfizer's and BioNTech's COVID-19 vaccine.Watch major indexes update live here.US stocks declined on Tuesday, even as the UK became the first country in the world to grant emergency use authori...
Tags: UK, Microsoft, Finance, US, Trends, Markets, Trading, Stocks, Goldman Sachs, Fda, Pfizer, Stock Market, Nasdaq, Dow Jones, S&P 500, Dow Jones Industrial Average


Here's when coronavirus vaccines will be rolled out in advanced economies, according to Goldman Sachs

YouTube/University of Oxford Goldman Sachs has predicted when coronavirus vaccines will be rolled out as several candidates approach regulatory approval in advanced economies.More than 70% of people in developed economies can expect to be immunized by fall 2021, economists Daan Struyven and Sid Bhushan said.The UK will vaccinate half of its population by March, with the US and Canada doing the same by April.The EU, Japan, and Australia can expect to reach the same level of immunization by ...
Tags: Europe, UK, Australia, US, Trends, European Union, Canada, Hsbc, European Commission, Astrazeneca, Goldman Sachs, Fda, Pfizer, Goldman, Johnson Johnson, EU Japan


10 things you need to know before the opening bell

AP/Richard Drew Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon!Here's what you need to know before markets open.1. Global stocks edge lower despite the UK's approval of Pfizer and BioNTech's COVID-19 vaccine. See what markets are doing today.2. Several vaccine candidates approach regulatory approval. Here's when corona...
Tags: UK, Finance, US, Trends, Markets, Hsbc, Goldman Sachs, Pfizer, John Williams, Fed, BofA, Morgan Stanley Investment Management, Fundstrat, Gresham House, COVID, 10 Things Before Opening Bell


The UK approved Pfizer and BioNTech's COVID-19 vaccine, the first Western nation to give it the green light

Vaccines can't be rolled out in a country until its drug regulator has scrutinized and approved it. Dado Ruvic/Reuters The UK regulator on Wednesday approved a COVID-19 vaccine made by the US Pharma giant Pfizer and German biotech BioNTech. The approval makes the UK the first western nation to approve one of the several vaccines in the late stages of development. The UK government said that the vaccine will be made available next week. Pfizer and BioNTech started developing the experim...
Tags: UK, Science, Australia, US, Trends, NHS, Healthcare, News UK, Astrazeneca, Goldman Sachs, Fda, Pfizer, Canada Japan, Alok Sharma, Matt Hancock, Moderna


Capital gains are the profits you make from selling your investments, and they can be taxed at lower rates

Capital gains come with tax advantages that reward investors who hold their investments for over a year. Pra-chid/Getty Images Capital gains are profits derived from selling an asset: financial investments, real estate, personal property, or collectibles. Capital gains are either long-term or short-term, depending on how long you owned the asset (over or under one year). Short-term capital gains are taxed as ordinary income, while long-term capital gains are taxed at special, lower rates....
Tags: Apple, Finance, Trends, Goldman Sachs, Ira, Capital Gains Tax, Biden, Irs, Freelance, Aapl, Internal Revenue Service IRS, NIIT, Capital Gains, BI Graphics, Investing (Reference, Investing How To


Warren Buffett's Berkshire Hathaway announced more than $35 billion of investments last quarter

REUTERS/Rick Wilking Warren Buffett's Berkshire Hathaway announced more than $35 billion of investments last quarter.The billionaire investor's company spent almost $18 billion on stocks, repurchased a record $9 billion of its shares, and struck about $10 billion worth of deals.Buffett and his team boosted their Bank of America holding, added Snowflake and four pharmaceutical companies to their portfolio, revealed stakes in five Japanese trading companies, and began building a secret p...
Tags: Trends, Bank Of America, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Costco, ESG, Berkshire, Wells Fargo, Buffett, Rbc, Scripps, Dominion Energy, COVID, Theron Mohamed, Rick Wilking Warren Buffett


Warren Buffett's Berkshire Hathaway was slammed for not spending when markets crashed. It announced more than $35 billion of investments last quarter

REUTERS/Rick Wilking Warren Buffett's Berkshire Hathaway announced more than $35 billion of investments last quarter.The billionaire investor's company spent almost $18 billion on stocks, repurchased a record $9 billion of its shares, and struck about $10 billion worth of deals.Buffett and his team boosted their Bank of America holding, added Snowflake and four pharmaceutical companies to their portfolio, revealed stakes in five Japanese trading companies, and began building a secret p...
Tags: Trends, Bank Of America, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Costco, ESG, Berkshire, Wells Fargo, Buffett, Rbc, Scripps, Dominion Energy, COVID, Theron Mohamed, Rick Wilking Warren Buffett


Companies whose boards are entirely white men could be delisted from Nasdaq's US stock exchange under new proposals

Adena Friedman, Nasdaq CEO. Nasdaq Nasdaq has said that companies listed on its main US stock exchange should have two "diverse directors" on the board. If they don't, they could be delisted, it said, as first reported by The New York Times DealBook.  Under a proposal to be reviewed by the Securities and Exchange Commission, companies must have at least one woman director and one director who self-identifies as an underrepresented minority or LGBTQ+. Currently, three in four companies list...
Tags: Verizon, US, Trends, Strategy, Diversity, Alaska, SEC, Goldman Sachs, Starbucks, Nasdaq, Cnbc, Securities And Exchange Commission, Blackrock, Friedman, Securities and Exchange Commission SEC, Pacific Islander


Tesla gains 5% as S&P 500 committee says its stock will be added to the index in one single step

REUTERS/Steve Nesius Tesla gained 5% on Tuesday as the S&P 500 Index Committee decided to add Tesla stock to the index all at once on December 21.Due to Tesla's large market valuation of more than $500 billion, the committee had considered either adding Tesla stock to the index in stages, or doing it all at once.The committee's decision to add Tesla stock to its index in one fell swoop will create unprecedented demand for Tesla stock as trillions of dollars in funds tied to the S&P 500 are...
Tags: Trends, Tesla, Goldman Sachs, ESG, Rbc, Index Committee, Matthew Fox, Visit Business Insider, COVID, Steve Nesius Tesla, Index Committee The committee


China's factory activity hits quickest expansion in 10 years in November, driven by a burst in output and new orders

REUTERS/China Daily China's factory activity expanded at the fastest pace in ten years as the world's second-largest economy recorded higher output and new orders in November.Data released Tuesday showed manufacturing firms in China responded to an improvement in domestic demand, as growth in new export work was not as pronounced.China's upbeat activity boosted the rate of job creation to its fastest since May 2011."We expect the economic recovery in the post-epidemic era to continue for s...
Tags: Hong Kong, China, Trends, United States, Shanghai, Goldman Sachs, ESG, Rbc, Caixin Insight Group, IHS Markit, COVID, Wang Zhe, Shalini Nagarajan, REUTERS China Daily China


Global equities kick off December with a rally, as investors cheer economic data, vaccine progress

The workers are packing the goods as the shipment increase sharply during the double eleven festival TPG/Getty Images Global equity markets rallied after Chinese data showed factory activity boomed at a 10-year high in November, while progress in the rollout of a COVID-19 vaccine underpinned that optimism. US stock futures pointed to a higher start on Wall Street later, while cryptocurrencies rallied for a fourth day. "Vaccine optimism, impressive Chinese factory data and the prospect of c...
Tags: Asia, Europe, China, US, Trends, Opec, United States, Shanghai, Oman, Tokyo, Goldman Sachs, Pfizer, Seoul, ESG, Rbc, Petroleum Exporting Countries


Chinese automaker Kandi plunges nearly 30% after short-seller Hindenburg accused it of fabricating sales to raise $160 million from US investors

Kandi America Chinese automaker Kandi's shares sank as much as 30% on Monday after Hindenburg Research accused the company of faking sales to raise $160 million from US investors.Shares in the company continued to slide in pre-market trading on Tuesday after the short-seller reported more than half of Kandi's sales this year were made to its own subsidiaries.Kandi's largest customer was found to share a phone number with its own subsidiary, according to the report.Hindenburg said it has ph...
Tags: US, Trends, Goldman Sachs, Nasdaq, ESG, Rbc, Marcum, Nikola, Kandi, Hindenburg, Kandi Technologies, Hindenburg Research, COVID, Kandi America, Shalini Nagarajan, General Motors Nikola


Nikola's 25% dive is a good buying opportunity because the company's decision to abandon the Badger pickup means it can focus more on semi trucks, JPMorgan says

Nikola has run into trouble before when it comes to claims about its semi truck prototypes. Nikola The 25% sell-off in Nikola on Monday represents a good buying opportunity for investors as the company is no longer distracted by its Badger pickup truck, JPMorgan said.Nikola and General Motors entered into a revised deal on Monday that included the two companies shifting its focus away from the Badger truck and instead towards the Class 7 and Class 8 semi-trucks."We think this is a positive ...
Tags: Finance, Trends, General Motors, Investing, Markets, Electric Vehicles, Stocks, Goldman Sachs, Stock Market, EVs, ESG, Rbc, Jpmorgan, Nikola, Matthew Fox, NKLA


Compass reorganizes regional leadership amid IPO chatter

Danielle Wilkie, who joined Compass in 2019, will serve as central president, a newly created position, to oversee 4,000 agents in markets including Colorado, Texas and Chicago.
Tags: Ipo, Bloomberg, Radio, Goldman Sachs, Compass, Morgan Stanley, Brokerage, Select, Colorado Texas, Peter Jonas, Kamini Lane, Danielle Wilkie, Neda Navab


US pending home sales fall for 2nd month as high prices cut into housing-market rally

FILE - In this Oct. 22, 2019, file photo, a sign stands outside a home for sale in southeast Denver. On Friday, Feb. 21, 2020, the National Association of Realtors reports on sales of existing homes in January, (AP Photo/David Zalubowski, File) Associated Press The National Association of Realtors' index of pending US home sales fell 1.1% to 128.9 in October, according to data published Monday.Economists surveyed by Bloomberg expected the gauge to rise 1% through the month. The reading also...
Tags: US, Trends, Bloomberg, Treasury, Janet Yellen, Goldman Sachs, Biden, Denver, ESG, South, Guggenheim, Jpmorgan, Northeast, NAR, National Association of Realtors, Lawrence Yun


IMF urges Europe to provide more monetary and fiscal support to prevent further damage to the eurozone economy

Managing director of the International Monetary Fund (IMF), Kristalina Georgieva (L) and European Commission President Ursula Von der Leyen (R) Andadolu Agency/Getty Images The eurozone economy is going to need more support from both the central bank and national governments to avoid a deeper recession, the International Monetary Fund said. A second wave of the COVID-19 virus and the lockdowns it has brought across much of Europe means economic growth in the region is likely to deteriorate...
Tags: Europe, US, Trends, Eu, Spain, European Central Bank, Hungary, United States, Poland, European Commission, International Monetary Fund, Goldman Sachs, National, Ecb, ESG, Imf


Slack surges 7% on report that Salesforce takeover will be announced Tuesday afternoon at a premium

Traders work on the floor during The Slack Technologies Inc. IPO at the New York Stock Exchange (NYSE) in New York Reuters Slack jumped as much as 7% on Monday after CNBC reported the company's deal with Salesforce will be announced after markets close on Tuesday.Salesforce is set to price Slack at a premium to its current stock price. The workplace-communications company has rallied roughly 64% since the first reports of a Salesforce deal.The acquisition is set to be Salesforce's largest e...
Tags: Microsoft, US, Trends, Linkedin, Treasury, Janet Yellen, Goldman Sachs, Salesforce, Biden, ESG, Cnbc, Slack, Guggenheim, Rbc, New York Stock Exchange NYSE, COVID


Novavax climbs 11% after announcing data from UK vaccine trial are expected in early 2021

Dr. Rhonda Flores looks at protein samples at Novavax labs, one of the labs developing a vaccine for the coronavirus, in Gaithersburg, Maryland on March 20, 2020. Andrew Caballero-Reynolds/AFP Novavax erased early losses and gained as much as 11.4% on Monday after updating investors on its various COVID-19 vaccine trials.The biotech company announced it completed enrollment of its 15,000-participant study in the UK, according to a press release. Interim data from the phase 3 trial is expect...
Tags: UK, Mexico, US, Trends, Astrazeneca, Goldman Sachs, Pfizer, Oxford University, ESG, Rbc, Novavax, Gaithersburg Maryland, Moderna, Andrew Caballero Reynolds, European Union News, COVID