Stock Futures Rise, Stimulus Checks Could Arrive Within Days

President Joe Biden speaks from the State Dining Room following the passage of the American Rescue Plan on March 6, 2021 in Washington, DC. Getty Images Text size Here’s what you need to know to navigate the markets today. • Investors sent stock futures up Sunday night, ahead of the first trading day following the […]

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Equal Employment Opportunity Commission Investigating ‘Systemic’ Hiring Discrimination At Facebook

The U.S. Equal Employment Opportunity Commission has begun a probe against Facebook after applicants who were denied jobs filed complaints that Facebook discriminated against them. What Happened: The commission is investigating Facebook, Inc (NASDAQ: FB) for racial bias in hiring and has designated the probe as “systemic,” Reuters reported, citing attorneys representing the applicants. The […]

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Tesla Reaches 6,000 Supercharger Installs In China

Tesla Inc (NASDAQ: TSLA) has now installed 6,000 Supercharger stations across its key market of China. What Happened: The milestone was reported by Tesla accessories site, Tesmanian. Tesla last month opened a new Supercharger factory just kilometers away from its Giga Shanghai plant. Why It Matters: For readers unfamiliar with why the Supercharger is so […]

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Goldman Digital Asset Lead Sees Mergers Ahead for Crypto Infrastructure Providers

A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures.  In a recent company podcast, Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, hinted that “incumbent banks” – like Goldman – could face pressure to increase their crypto business lines, with one […]

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Gold Price Futures (GC) Technical Analysis – Strong Move Over $1711.70 Could Mean Gold Hit Bottom on Friday

Gold futures finished slightly lower on Friday after clawing back earlier losses. Despite reports in the press and from some lazy analysts, the market did not make its low of the session following the release of the stronger-than-expected U.S. Non-Farm Payrolls report. During the pre-market session, gold futures hit a low of $1683.00. Shortly after […]

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Your auto insurance company owes you a COVID ‘stimulus check,’ new lawsuits say

Your auto insurance company owes you a COVID ‘stimulus check,’ new lawsuits say Now that President Joe Biden’s $1,400 stimulus checks are headed for a final vote in Congress, consumer advocates are putting renewed pressure on auto insurance companies to provide some more COVID stimulus cash of their own. In a set of class-action lawsuits […]

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XPeng Reports Earnings Monday, Here’s What To Expect.

Text size The interior of an Xpeng P7 EV outside the New York Stock Exchange in New York Jeenah Moon/Bloomberg Chinese electric vehicle maker XPeng reports earnings Monday before the market opens for trading. Bullish investors hope results will stop the stock’s recent slide. Here’s what to expect Monday morning, along with some recent history. […]

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Bitcoin Retakes $50K on US Stimulus Progress; Uniswap’s UNI Cracks the Top 10

Bitcoin, a perceived store of value asset, trades higher on Sunday, with U.S. President Joe Biden on the verge of passing an historic $1.9 trillion fiscal stimulus plan aimed at accelerating economic recovery.  The top cryptocurrency is changing hands near $50,500 at press time, representing a 4% gain on the day, having clocked a high […]

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