Finance

Dow component American Express Company (AXP) reports fourth quarter 2020 results in Tuesday’s premarket, with analysts expecting earnings of $1.30 per share on $9.32 billion in revenue. If met, earnings per share (EPS) will mark a 36% decline in earnings from the same quarter in 2020. The stock has fallen 16% in six sessions after missing third-quarter earnings estimates in …

While overall life insurance sales were stalled in the first half of 2020 due to the pandemic and accompanying shutdown, term and whole life insurance products are expected to rebound in 2021 and beyond. This trend will be aided by the adoption of the Covid-19 vaccine and technological advances that allow for a smoother and more efficient application process. Here’s …

Key points to remember Adjusted EPS was $0.80 versus the $1.15 expected by analysts. Revenue narrowly exceeded analysts’ expectations. Vehicle deliveries showed robust year-on-year growth. Results were positively impacted by volume growth and regulatory credit revenue growth. What happened Tesla announced adjusted EPS for the fourth quarter of fiscal 2020 that largely missed analysts’ expectations. But that was almost double …

Editor’s Note: Below is the Week 24 version of the NYC Recovery Index, originally published January 19, 2021. Visit the NYC Recovery Index Homepage for the latest data. New York City’s strong economic start in the first week of 2021 quickly faded last week as a rise in new jobless claims and an increase in COVID-19-related hospitalizations drove down the …

Freeport-McMoRan Inc. (FCX) woke up from the dead in 2020, entering the first uptrend since the first quarter of 2018 and doubling in price by the end of the year. The stock has continued its gains so far in January, adding another 15% while hitting its highest level since 2014. The rise followed a historic move in copper. forward markethelped …

Editor’s Note: Below is the Week 5 version of the City Economic Recovery Tracker (CERT), originally released on January 14, 2021. Visit the CERT homepage for the latest data. All five cities on the Investopedia City Economic Recovery Tracker (CERT) continued to see mixed economic recoveries in the week of Jan. 2. New York, Chicago and Columbus all saw gains …

Microsoft Corporation (MSFT) took less than 15 hours on January 22, 2021, from announcing a steep price hike for its Xbox Live Gold subscription plan to offering an apologetic retraction in the face of fierce and widespread criticism. Microsoft had planned to double the annual cost of Xbox Live Gold in certain markets, including the United States. In its initial …

When International Business Machines Corporation (IBM) released its fourth quarter of 2020 revenue report After the market closed yesterday, traders in the post-market session sold the stock price to $122.25 shortly after. This is a larger drop from what option the sellers waited before the announcement of the results. The downward move was much larger than IBM’s usual trading range …

Magnite, Inc. (MGNI) shares rose more than 6% after Craig-Hallum reiterated its buy rating and nearly doubled its target price $25.00 to $45.00, a 24% premium to Thursday’s closing price. Key points to remember Magnite shares rose sharply after Craig-Hallum reiterated its buy rating and raised its price target to $45 per share. Analyst Jason Kreyer believes that near-term opportunities …

A narrow but sweeping change to federal tax law embedded in the year-end omnibus spending and coronavirus relief bill applies new math to the interest rates used to set some life insurance policies . The updates, adopted as part of the Consolidated Appropriations Act, 2021 (HR 133) – could usher in a healthier selling environment for life insurers and a …