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Goldman Sees Congress Approving $1.1 Trillion in Near-Term Aid By Bloomberg

(Bloomberg) -- Goldman Sachs Group Inc (NYSE:GS). raised its forecast for the amount of near-term stimulus Congress will approve after President-elect Joe Biden unveiled his plan Thursday, though kept it well short of the proposed $1.9 trillion package. The bank’s new projection of $1.1 trillion, up from a previous forecast of $750 billion, reflects more spending on education and...

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Spotify’s Podcast Bet Driving Little Growth: Citi By Investing.com

By Christiana Sciaudone Investing.com --  Spotify (NYSE:SPOT) slumped 5% after getting downgraded at Citi. The firm bumped the audio streaming service to sell from neutral on concerns about its pivot to podcasts, according to CNBC Pro.  “Among four subscription based stocks – Spotify, Roku (NASDAQ:ROKU), Netflix (NASDAQ:NFLX) and SiriusXM – Spotify is the only firm where the Street’s long-term...

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 1.17% By Investing.com

Investing.com – U.K. equities were lower at the close on Friday, as losses in the Oil Equipment Services & Distribution, Mining and General Industrial sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 1.17%. The biggest gainers of the session on the Investing.com United Kingdom 100 were AVEVA Group PLC (LON:AVV), which rose 7.93% or...

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Plug Power a Leading Play in Fuel Cells, But Case for Growth is Tricky By Investing.com

By Yasin Ebrahim and Geoffrey Smith Investing.com — Plug Power (NASDAQ:PLUG) has surged more than 1000% over the past 12 months, but Is it time to pull the plug on the hydrogen's fuel cell company's shares? Investing.com’s Yasin Ebrahim argues the bull case for Plug Power, while Geoffrey Smith argues why investors should steer clear. The Bull Case A...

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Failed French supermarket deal unlikely to dampen ambitions of Canada’s Bouchard By Reuters

By Allison Lampert and Kevin Dougherty MONTREAL/QUEBEC CITY (Reuters) - Political opposition that killed Canadian convenience store operator Alimentation Couche-Tard's $20 billion bid for French retailer Carrefour (PA:CARR) on Friday is unlikely to end the global ambitions of founder Alain Bouchard. The low-profile Canadian businessman built Couche-Tard from a single store in Quebec in 1980 to a global network of...

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Fed to stick to super-easy policy amid economic ‘lull’ By Reuters

(Reuters) - The Federal Reserve has no plans to dial back its super-easy policy even as the incoming Biden administration lobbies for a new and massive round of stimulus that sets the economy up for faster growth once vaccines are fully rolled out. Boston Fed Bank President Eric Rosengren on Friday was the latest to join the chorus at the U.S. central...

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Dow Off Lows, But Remains in Red on Recovery Worries; Banks Slump By Investing.com

By Yasin Ebrahim Investing.com – The Dow moved off session lows Friday but remained under pressure on mixed quarterly reports from banks and further signs of a slowing recovery just as President-elect Joe Biden revealed his $1.9 trillion stimulus plan to prop up the economy. The Dow Jones Industrial Average fell 0.21%, or 64 points. The S&P 500 was down 0.31%, while the...

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Palantir’s Got More Potential Contracts Ahead: Phoenix By Investing.com

By Christiana Sciaudone Investing.com --  Palantir rose 7% on the Biden administration's plan to track Covid-19, Bloomberg reported. President-elect Joe Biden’s economic relief proposal includes a plan for increased Covid-19 testing and contact tracing, which could benefit Palantir, Wayne Kaufman, chief market analyst at Phoenix Financial Services, told Bloomberg in a phone interview.  “This will mean a lot of data to be analyzed,...

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After long journey, Fiat Chrysler and PSA to seal merger to become Stellantis By Reuters

MILAN (Reuters) - Fiat Chrysler and PSA will seal their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen (DE:VOWG_p). It took over a year for the Italian-American and French automakers to finalise the $52 billion deal, during which...

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EU states warn of risks to vaccination credibility as Pfizer slows supplies By Reuters

By Francesco Guarascio and Andrius Sytas BRUSSELS/VILNIUS (Reuters) - European governments said the credibility of their COVID-19 vaccination programmes was at risk on Friday after U.S. pharmaceutical firm Pfizer (NYSE:PFE) announced a temporary slowdown of deliveries of its vaccines. Shots developed by Pfizer with its German partner BioNTech began being delivered...

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