TOP MARKETS NEWS: Week 12/21 – 12/27

Weekend 12/26 & 12/27

Factbox-What happens if the U.S. government runs out of money on Monday? – Reuters
BMW aims for 20% of its vehicles to be electric by 2023 -paper – Reuters
Ethereum Surges As Bitcoin Tops $28k and Crashes – Zerohedge
Shark Tank’s Kevin O’Leary Warns: 100 Million Americans Have No Retirement – Zerohedge
Two Pandemic Assistance Programs Expire Today, Leaving 12 Million Without Benefits – Zerohedge
Britain and EU publish Brexit trade agreement – Reuters
Stocks ready to close out powerful 2020 as risks loom in January – cnbc
Here We Go Again: Boeing 737 Max Makes Emergency Landing After Engine Failure – Zerohedge
Where Analysts Are Most Optimistic And Pessimistic On Company Ratings For 2021 – Zerohedge
The 60/40 Portfolio Is Alive and Well – pimco

 

Thursday 12/24

Pound rallies as markets await Brexit trade deal – business live – guardian

Nasdaq leads gains as stimulus delay favors tech; Alibaba slumps – Reuters
Millions will lose jobless benefits in days as Covid relief bill hangs in limbo – cnbc
2021 markets preview: 2 rare events are a sign of what’s to come – yahoofinance
European stocks close mixed amid hopes for Brexit trade deal; UK banks jump – cnbc
Shutdown Looms As Democrat Bid For $2,000 Relief Checks Fails House, Here’s What Happens Next – Zerohedge
Turkey’s central bank says ‘strong’ hike should lower inflation – cnbc
European leaders welcome Brexit deal as least-worst outcome – guardian
UK and EU strike historic post-Brexit trade deal – cnbc
China To “De-Risk” Both Monetary And Fiscal Policy In 2021: SocGen – Zerohedge
Alibaba falls 7% in premarket trading after Chinese regulators open antitrust investigation into the company – businessinsider


Wednesday 12/23

Markets on edge as Trump demands changes to US stimulus bill – business live – guardian
Wall Street Explain Why Markets Ignored Trump’s Threat To Veto “Disgraceful” Stimulus Billl – Zerohedge

S&P 500 closes flat, giving up most of the gains in the final minutes of trading – cnbc
Trump vetoes colossal $740 billion defense bill, breaking with Republican-led Senate – cnbc
California Accelerates Plan To Chase Away The Wealthy – Zerohedge
I have $4 to my name.’ An extended eviction ban isn’t enough for some struggling renters – cnn
Stocks making the biggest moves midday: Pfizer, Nikola, Carnival, FuboTV & more – cnbc
Nikola stock plunges as electric garbage truck deal trashed – fox
Apple’s Entrance Into EVs Creates “A New Tesla Bear Case”, Morgan Stanley Warns – Zerohedge
Trump’s attack on Covid relief bill could lead to government shutdown, lapse in unemployment aid – cnbc
Durable Goods Orders Surge Back Into The Green For The Year – Zerohedge
Democrats seize on Trump’s push for $2,000 stimulus checks for boost in Georgia Senate race – cnbc
Initial Jobless Claims Improved Last Week, Pandemic Claims Surge – Zerohedge
Moderna, Pfizer & BioNTech Scramble To Test COVID Vaccines Against New “Mutant” Strain – Zerohedge
France to reopen border with England for Covid-clear travelers on Wednesday – cnbc
European stocks higher on hopes for a Brexit trade deal – cnbc
Cryptocurrency XRP plunges 25% after SEC files lawsuit against Ripple – cnbc

Tuesday 12/22

Business Live – guardian
CDC Says “No Evidence” UK COVID Mutation Is Deadlier, Or More Severe: Live Updates – Zerohedge

Joe Biden says he will push for more stimulus checks in next Covid relief bill – cnbc
Europe crosses 500,000 COVID-19 deaths as new variant spreads – Reuters tally – Reuters
SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering – sec
Only 15% Of All Global Bonds Have A Yield Above 2%, And Only 10% Above 3% – Zerohedge
U.S. approves NYSE listing plan to cut out Wall Street middlemen – Reuters
Apple’s long flirtation with the car business divides analysts, who see pros and cons – cnbc
Ιt’s Been 1,246 Days Since Vanguard’s Global ETF Had an Outflow – Bloomberg
As Tesla Tanks, Here’s What Analysts Are Saying About Apple’s Move Into EVs – zerohedge
Stocks making the biggest moves midday: Peloton, Apple, IAC, CarMax and more – cnbc
Saxo: Equity Trends In 2020 & What To Expect Next Year – Zerohedge
GM’s defense unit sees $25 billion market in potential military contracts for automaker – cnbc
Final Q3 GDP Estimate At 33.4%: Stronger Than Expected And Highest On Record – zerohedge
Rabo: The Second Largest Chunk In The Covid Bill Is Helicopter Money – zerohedge
European stocks close higher despite concerns over new coronavirus strain – cnbc
Goldman Will Offer Wealth Management To Clients With As Little As $1,000 – zerohedge
Cryptocurrency firm Ripple expects to be sued by the SEC; XRP plunges – cnbc
Hedge Funds May View Tesla’s S&P Sell-Off As A “Negative Catalyst” – zerohedge
UK economy grew by record 16% in third quarter after first lockdown slump – cnbc
Bank Of America Expects 1.1BN People Will Be Vaccinated For COVID By Late 2020 – zerohedge
European Commission authorizes Pfizer-BioNTech Covid vaccine for use in the EU – cnbc
World Tourism Chief: Mandatory Vaccines Will “Kill” Travel Industry – zerohedge

Monday 12/21

Coronavirus live: UK warned to expect further restrictions over spread of new Covid variant – guardian
Here’s A Breakdown Of Everything Inside The $900BN Stimulus Bill, And What It Means For The US Economy – Zerohedge

Apple targets car production by 2024 and eyes ‘next level’ battery technology – cnbc
Congress reached a deal on $600 stimulus checks—here’s who qualifies and what you should do with the money – cnbc
Americans will get stimulus checks as soon as next week, Mnuchin says – cnbc
Morgan Stanley Warns “Recent Outperformance And Extended Valuations” Will Limit Upside In Semiconductor Stocks – Zerohedge
Stocks making the biggest moves midday: Nike, Tesla, JPMorgan, American Airlines & more – cnbc
US bank stocks surge after Fed clears way for up to $11 billion of buybacks – businessinsider
A Major Support For Asset Prices Has Reversed – Zerohedge
How the US Dollar Could Trade this Holiday Week – bk
Congress agrees to $900 billion Covid stimulus deal after months of failed negotiations – cnbc
Key Events In This Holiday-Shortened Week: Congress, GDP, Spending – Zerohedge
Shell to write down assets again, taking cuts to more than $22 billion – cnbc
Kyle Bass Explains Why We May Never See Another Bear Market In Bonds – Zerohedge
Tesla shares fall 6% as it enters the S&P 500 with 1.69% weighting, fifth largest – cnbc
Ghana Becomes First Country To Officially End MMT Experiment – Zerohedge